MGT Capital Investments, Inc.
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(Name of Issuer)
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COMMON STOCK, PAR VALUE $0.001
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(Title of Class of Securities)
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55302P103
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(CUSIP Number)
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February 10, 2016
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(Date of Event which Requires Filing of this Statement)
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CUSIP No.
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55302P103
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1
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Names of Reporting Persons
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Michael Brauser
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2
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Check the appropriate box if a member of a Group (see instructions)
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(a) [ ]
(b) [ ]
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3
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Sec Use Only
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4
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Citizenship or Place of Organization
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United States
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Number of Shares Beneficially Owned by Each Reporting Person With:
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5
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Sole Voting Power
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173,890
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6
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Shared Voting Power
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1,163,778 (1) (2)
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7
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Sole Dispositive Power
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173,890
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8
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Shared Dispositive Power
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1,163,778 (1) (2)
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
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1,337,668 (1) (2)
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10
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Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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11
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Percent of class represented by amount in row (9)
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7.4% (Based on 18,098,221 shares outstanding as of April 13, 2016, 10-K Filing)
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12
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Type of Reporting Person (See Instructions)
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IN
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(1)
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Includes (i) 1,149,813 shares of the common stock (“Common Stock”) of MGT Capital Investments, Inc. held by Grander Holdings, Inc. 401K, for which Mr. Brauser is the Trustee and over whose securities he holds voting and dispositive power; and (ii) 13,965 shares of Common Stock held jointly by Michael Brauser and his spouse as tenants by entirety.
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(2)
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Excludes 800,000 shares of Common Stock issuable upon exercise of outstanding warrants (the “Warrants”) held by Grander Holdings, Inc. 401K, of which Mr. Brauser is the Trustee and over whose securities he holds voting and dispositive power. The Warrants are not exercisable to the extent an exercise would result in the holder’s beneficial ownership of the Company exceeding 4.99% of the issued and outstanding Common Stock. The holder’s ownership has been so limited.
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CUSIP No.
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55302P103
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1
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Names of Reporting Persons
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Grander Holdings, Inc. 401K
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2
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Check the appropriate box if a member of a Group (see instructions)
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(a) [ ]
(b) [ ]
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3
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Sec Use Only
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4
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Citizenship or Place of Organization
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Florida
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Number of Shares Beneficially Owned by Each Reporting Person With:
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5
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Sole Voting Power
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0
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6
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Shared Voting Power
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1,149,813 (1)
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7
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Sole Dispositive Power
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0
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8
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Shared Dispositive Power
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1,149,813 (1)
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
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1,337,668 (1)
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10
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Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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11
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Percent of class represented by amount in row (9)
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6.4% (Based on 18,098,221 shares outstanding as of April 13, 2016, 10-K Filing)
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12
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Type of Reporting Person (See Instructions)
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OO
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(1)
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Excludes 800,000 shares of Common Stock issuable upon exercise of outstanding warrants (the “Warrants”) held by Grander Holdings, Inc. 401K, of which Mr. Brauser is the Trustee and over whose securities he holds voting and dispositive power. The Warrants are not exercisable to the extent an exercise would result in the holder’s beneficial ownership of the Company exceeding 4.99% of the issued and outstanding Common Stock. The holder’s ownership has been so limited. |
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(a)
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Name of Issuer:
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(b)
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Address of Issuer’s Principal Executive Offices:
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(a)
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Name of Person Filing:
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(b)
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Address of Principal Business Office or, if None, Residence:
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(c)
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Citizenship:
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(d)
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Title and Class of Securities:
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(e)
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CUSIP No.:
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55302P103
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Item 3.
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Type of Person
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Item 4.
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Ownership |
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(i)
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Sole power to vote or to direct the vote: 173,890 |
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(ii)
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Shared power to vote or to direct the vote: 1,163,778(1) (2) |
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(iii)
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Sole power to dispose or to direct the disposition of: 173,890
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(iv)
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Shared power to dispose or to direct the disposition of: 1,163,778 (1) (2)
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Item 5.
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Ownership of Five Percent or Less of a Class. |
Item 6.
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Ownership of more than Five Percent on Behalf of Another Person. |
Item 7.
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Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.
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Not Applicable.
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Item 8.
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Identification and classification of members of the group.
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Not Applicable.
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Item 9.
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Notice of Dissolution of Group.
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Not Applicable.
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Item 10.
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Certifications.
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Dated: May 3, 2016 | By: | /s/ Michael Brauser | |
Michael Brauser |
Dated: May 3, 2016 | Grander Holdings, Inc. 401K | ||
By: | /s/ Michael Brauser | ||
Michael Brauser, Trustee |