SC 13D/A 1 groversc13da4_feb2019.htm SC 13D/A Blueprint
 
 

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
 
YOUNGEVITY INTERNATIONAL, INC.
(Name of Issuer)
 
Common Stock, $0.001 par value
 (Title of Class of Securities)
 
987537206
(CUSIP Number)
 
Carl Grover
1010 S. Ocean Blvd. #107
Pompano Beach, FL 33062
(310) 915-9700
 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
December 5, 2018
(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
 
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

 
 
 
CUSIP No. 987537206
13D
Page 2 of 6 Pages
 
 
 
(1)
NAMES OF REPORTING PERSONS
 
Carl Grover
 
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) (b)
 
 
(3)
SEC USE ONLY
 
 
(4)
SOURCE OF FUNDS (see instructions)
 
PF
 
(5)
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
 
(6)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
US
 
NUMBER OF
SHARES
 
(7)
 
  SOLE VOTING POWER
 3,022,752
 
  BENEFICIALLY
OWNED BY
 
(8)
 
    SHARED VOTING POWER
 
   0
EACH
REPORTING    
 
(9)
 
  SOLE DISPOSITIVE POWER
 
  3,022,752
    PERSON
WITH
 
(10)
 
    SHARED DISPOSITIVE POWER
    
   0
(11)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,022,752 
(12)
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
 
 
(13)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
9.99%
 
(14)
TYPE OF REPORTING PERSON (see instructions)
 
IN
 
 
 
 
 
 
 
CUSIP No. 987537206
13D
Page 3 of 6 Pages
 
 
Item 1. Security and Issuer.
 
This Amendment No. 4 to Schedule 13D (the “Amendment No. 4”) relates to the shares of common stock, par value $0.001 per share (the “Common Stock”), of Youngevity International, Inc., a Delaware corporation (the “Issuer”) and amends the Schedule 13D, dated April 24, 2015 (the “Original 13D”), subsequently amended by Amendment No. 1 to the Original 13D, dated November 23, 2015 (“Amendment No. 1”), Amendment No. 2 to the Original 13D, dated March 7, 2017 (“Amendment No. 2”) and Amendment No. 3 to the Original 13D, dated October 2, 2018 (Amendment No. 3”), filed by the reporting person, Carl Grover. Capitalized terms used in this Amendment No. 4 but not defined herein shall have the respective meanings ascribed to them in the Original 13D, Amendment No. 1, Amendment No. 2 or Amendment No.3, as the case may be.
 
The principal executive offices of the Issuer are located at 2400 Boswell Road, Chula Vista, California 91914.
 
Item 2. Identity and Background.
 
Item 2 is hereby amended and supplemented as follows:
 
 (a)
This Amendment No. 4 to Schedule 13D is being made by Carl Grover.
 
 (b)
The principal business address for the Mr. Grover is 1010 S. Ocean Blvd. #1017, Pompano Beach, FL 33062.
 
 (c)
Mr. Grover is a private investor.
 
 (d)
Mr. Grover has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
 (e)
Mr. Grover has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject or, federal or state securities laws or finding any violation with respect to such laws.
 
 (f)
Mr. Grover is a citizen of the United States of America.
 
Item 3. Source and Amount of Funds or Other Consideration.
 
Item 3 is hereby amended and supplemented as follows:
 
No funds were used by Mr. Grover to acquire the securities described in Item 4 below.
 
Item 4. Purpose of the Transaction.
 
Item 4 is hereby amended and supplemented as follows:
 
As previously reported, on October 23, 2018, Mr. Grover entered into an agreement (the “Exchange Agreement”) with the Issuer to exchange, subject to stockholder approval, all amounts owed under an 8% Secured Convertible Promissory Note held by him in the principal amount of $4,000,000 which matures on July 30, 2019, for 747,664 shares of Common Stock (the “Exchange Shares”), at a conversion price of $5.35 per share and a four-year warrant to purchase 631,579 shares of Common Stock at an exercise price of $4.75 per share (the “Exchange Warrant”). The number of shares beneficially owned by Mr. Grover as reported in Amendment No. 3 excluded the Exchange Shares and the shares underlying the Exchange Warrant, as the issuance of such securities was subject to stockholder approval. The foregoing description of the terms of the Exchange Agreement and Exchange Warrant are qualified in their entirety by reference to the full text of the provisions of such agreements, copies of which were included as Exhibit 10 and Exhibit 11, respectively, to Amendment No. 3 and are incorporated by reference herein. On November 25, 2018 the Issuer filed a definitive Information Statement on Schedule 14C pursuant to which the majority shareholders of the Issuer granted such required shareholder approval, which such approval was effective on December 5, 2018 being 20 days after the mailing date of the Schedule 14C. On January 14, 2019 Mr. Glover was issued the Exchange Shares.
 
On February 14, 2019 Mr. Glover sold an aggregate of 10,000 shares of the Issuer’s Common Stock at an average sale price of $8.10 per share. The shares were sold in multiple transactions at prices ranging from $7.95 to $8.24 per share inclusive. Mr. Grover undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of common stock sold at each separate price within the ranges set forth in this Item 4.
 
 
 
 
 
CUSIP No. 987537206
13D
Page 4 of 6 Pages
 
 
Item 5. Interest in Securities of the Issuer.
 
Item 5 is hereby amended and restated in its entirety as follows:
 
 
(a)
The aggregate number and percentage of shares of the Common Stock to which this Schedule 13D relates is shares of Common Stock, constituting approximately 9.99% of the Issuer’s outstanding Common Stock. The shares consist of (1) a Series C warrant to purchase 200,000 shares of Common Stock at an exercise price of $9.00 per share, (2) a Series C warrant to purchase 266,667 shares of common stock at an exercise price of $9.00 per share, (3) 1,213,629 outstanding shares of Common Shares, (4) 571,428 shares of common stock issuable upon the conversion of a promissory note issued in July 2014 in the principal amount of $4,000,000, convertible at $7.00 per share, (5) a Series A Warrant to purchase 782,608 shares of common stock at an exercise price of $4.60 per share, (6) 631,579 shares underlying the Exchange Warrant. The aggregate number and percentage of shares of Common Stock reported herein are based upon 27,805,500 shares of Common Stock outstanding as of February 15, 2019. Notwithstanding the provisions of the Series C Warrants, the Series A Warrants or the Exchange Warrant, in no event shall the Series C Warrants or the Series A Warrants or the Exchange Warrant be exercisable into shares of Common Stock to the extent that the issuance of Common Stock upon the exercise, after taking into account the Common Stock then owned by the Mr. Grover, would result in the beneficial ownership by Mr. Grover of more than 9.99% of the outstanding Common Stock of the Company. For purposes of this paragraph, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.
 
 
 (b)
Mr. Glover has the sole power to vote or direct the vote of and to dispose or direct the disposition of the shares of Common Stock reported as beneficially owned by him herein.
  
(c)
See Item 4 and Annex A hereto, both of which are incorporated by reference herein.
 
(d)
Not applicable.
 
(e)
Not applicable.
 
Item 6.   Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
 
Item 6 is hereby amended and supplemented by adding the following:
 
See the responses to Item 4 and Item 5, which are incorporated by reference herein.
 
Item 7.    Material to be filed as Exhibits.
 
Item 7 is hereby amended and supplemented by adding the following:
 
Exchange Agreement, dated October 23, 2018, between Youngevity International, Inc. and Carl Grover (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K (File No. 000-54900) filed with the Securities and Exchange Commission on October 29, 2018)
 
 
Form of Warrant Agreement between Youngevity International, Inc. and Carl Grover (incorporated by reference to Exhibit 4.1 of the Issuer’s Current Report on Form 8-K (File No. 000-54900) filed with the Securities and Exchange Commission on October 29, 2018)
 
 
Form of 8% Series C Secured Convertible Promissory Note (incorporated by reference to Exhibit 4.2 of the Issuer’s Current Report on Form 8-K (File No. 000-54900) filed with the Securities and Exchange Commission on October 16, 2015)
 
 
Certain Transactions by the Reporting Person

 
 
 
 
 
 
CUSIP No. 987537206
13D
Page 5 of 6 Pages
 
 
 SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date: February 28, 2019
 
 
/s/ Carl Grover           
 
Carl Grover
 
 
 
 
 
 
 
CUSIP No. 987537206
13D
Page 6 of 6 Pages
 
 
Annex A
 
Transactions by the Reporting Person During the Past Sixty Days
 
1/14/19
 
Acquired 747,664 shares of Common Stock upon shareholder approval of the Exchange Agreement
 
$
*
 
 
 
 
*
As disclosed in this Amendment No. 4, on November 25, 2018 the Issuer filed a definitive Information Statement on Schedule 14C pursuant to which the majority shareholders of the Issuer granted the required shareholder approval under the Exchange Agreement, which such approval was effective on December 5, 2018 being 20 days after the mailing date of the Schedule 14C. Following such date, the Exchange Shares were issued to Mr. Glover.