SC 13D/A 1 eps5723.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13D/A

INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 1)*

 

 

Castle Brands Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

148435100

(CUSIP Number)

Keith M. Pinter

825 Third Avenue, 26th Floor

New York, New York 10022

Telephone: (212) 573-0668

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

March 6, 2014

(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 which 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 the 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 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. 148435100 13D/A Page 2 of 4 Pages

 

   
1

Names of Reporting Persons

Pallini S.p.A. (formerly known as I.L.A.R. S.p.A.)

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)

WC

5

Check if Disclosure of Legal Proceedings Is Required ☐

Pursuant to Item 2(d) or 2(e)

 

6

Citizenship or Place of Organization

Italy

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 7

Sole Voting Power

8,571,432

8

Shared Voting Power

0

9

Sole Dispositive Power

8,571,432

10

Shared Dispositive Power

0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

8,571,432

12

Check if the Aggregate Amount in Row (11) Excludes X

Certain Shares (see instructions)

(1)

13

Percent of Class Represented by Amount in Row 11

5.71% (2)

14

Type of Reporting Person (see instructions)

CO

         

 

(1) Excludes 114,412 shares owned by Gabriel Fiduciaria S.v.L., trustee for Virgilio Pallini, an officer and director of, and holder of shareholder voting rights in, the Reporting Person, as to which the Reporting Person disclaims beneficial ownership pursuant to Rule 13d-4. Excludes vested options to acquire 180,000 shares and unvested options to acquire 20,000 shares owned by Micaela Pallini, an officer and director of the Reporting Person, as to which the Reporting Person disclaims beneficial ownership pursuant to Rule 13d-4.

(2) The calculation of the percentage is based on 150,131,584 Common Shares outstanding as of March 6, 2014, as reported to the Reporting Person by the Issuer.

 
 

 

CUSIP No. 148435100 13D/A Page 3 of 4 Pages

 

 

SCHEDULE 13D/A

AMENDMENT NO. 1 TO SCHEDULE 13D

 

 

This Amendment No. 1 to Schedule 13D (this “Amendment”) amends certain Items of the Schedule 13D (the “Original 13D”) filed by Pallini S.p.A. (formerly known as I.L.A.R. S.p.A.), a corporation organized under the laws of Italy (the “Reporting Person”) with the Securities and Exchange Commission (the “SEC”) on October 13, 2008, with respect to the common stock, par value $0.01 per share (the “Common Shares”), of Castle Brands Inc., a Florida corporation and successor by merger to Castle Brands Inc., a Delaware corporation (the “Issuer”), by furnishing the information set forth below. Except as set forth below, all previous items are unchanged. Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Original 13D.

 

Item 3. Source and Amount of Funds or Other Consideration

 

Item 3 is hereby amended to add the following:

 

The Series A Preferred Stock formerly held by the Reporting Person was converted to Common Shares effective January 21, 2009, upon which all 240,000 shares of Series A Preferred Stock held by the Reporting Person were converted into 8,571,432 Common Shares.

 

Item 4. Purpose of Transaction

 

Item 4 is hereby amended to add the following:

 

The information contained in Item 3 of this Amendment regarding the Series A Preferred Stock is incorporated herein by reference.

 

Item 5. Interest in Securities of the Issuer

 

(a) and (b) Items 5(a) and 5(b) are hereby deleted in their entirety and replaced with the following:

 

The Reporting Person beneficially owns Common Shares as follows:

 

Name Number of Common Shares Sole or Shared Voting Sole or Shared Dispositive % of Total Outstanding
         
Pallini S.p.A 8,571,432(1) Sole Sole 5.71%(2)
         

(1) Excludes 114,412 shares owned by Gabriel Fiduciaria S.v.L., trustee for Virgilio Pallini, an officer and director of, and holder of shareholder voting rights in, the Reporting Person, as to which the Reporting Person disclaims beneficial ownership pursuant to Rule 13d-4. Excludes vested options to acquire 180,000 shares and unvested options to acquire 20,000 shares owned by Micaela Pallini, an officer and director of the Reporting Person, as to which the Reporting Person disclaims beneficial ownership pursuant to Rule 13d-4.

(2) The calculation of the percentage is based on 150,131,584 Common Shares outstanding as of March 6, 2014, as reported to the Reporting Person by the Issuer.

 
 

 

CUSIP No. 148435100 13D/A Page 4 of 4 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.

 

Dated as of June 5, 2014

 

 

Pallini S.p.A

 

 

By: /s/ Virgilio Pallini

Name: Virgilio Pallini

Title: Director