1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||||
John Stetson
|
|||||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
||||||
(a) o
|
|||||||
(b) o
|
|||||||
3
|
SEC USE ONLY | ||||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||||
United States
|
|||||||
NUMBER OF SHARES
|
5
|
SOLE VOTING POWER
|
|||||
56,250 (1)
|
|||||||
BENEFICIALLY OWNED BY |
6
|
SHARED VOTING POWER
|
|||||
405,897 (2)
|
|||||||
EACH REPORTING |
7
|
SOLE DISPOSITIVE POWER
|
|||||
56,250 (1)
|
|||||||
PERSON WITH:
|
8
|
SHARED DISPOSITIVE POWER
|
|||||
405,897 (2)
|
|||||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||||
405,897 (3)
|
|||||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||||
o
|
|||||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
||||||
9.99% (based on 4,099,967 shares of common stock outstanding as of July 7, 2015)
|
|||||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||||
IN
|
(1)
|
Includes 56,250 shares of common stock issuable upon exercise of warrants held by John Stetson.
|
(2)
|
Includes 405,897 shares of common stock issuable upon conversion of 811,793 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments, LLC. Does not include (i) 40,532 shares of common stock issuable upon conversion of 81,064 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments, LLC or (ii) 223,214 shares of common stock issuable upon exercise of warrants held by HS Contrarian Investments, LLC due to a blocker that prevents conversion of the Series B Convertible Preferred Stock and prevents the exercise of the warrants if such conversion/exercise would result in the holder’s beneficial ownership being in excess of 9.99% of the total outstanding shares of common stock.
John Stetson is the Managing Member of HS Contrarian Investments, LLC and in such capacity, is deemed to hold voting and dispositive power of the securities held by HS Contrarian Investments, LLC.
|
(3)
|
Includes (i) 56,250 shares of common stock issuable upon exercise of warrants held by John Stetson, (ii) 223,214 shares of common stock issuable upon exercise of warrants held by HS Contrarian Investments, LLC and (iii) 126,462 shares of common stock issuable upon conversion of 252,865 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments, LLC. Does not include 319,996 shares of common stock issuable upon conversion of 639,992 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments LLC due to a blocker that prevents conversion of the Series B Preferred Stock if such conversion would result in the holder’s beneficial ownership being in excess of 9.99% of the total outstanding shares of common stock.
John Stetson is the Managing Member of HS Contrarian Investments, LLC and in such capacity, is deemed to hold voting and dispositive power of the securities held by HS Contrarian Investments, LLC.
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||||
HS Contrarian Investments, LLC
|
|||||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
||||||
(a) o
|
|||||||
(b) o
|
|||||||
3
|
SEC USE ONLY
|
||||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||||
Florida
|
|||||||
NUMBER OF SHARES
|
5
|
SOLE VOTING POWER
|
|||||
0
|
|||||||
BENEFICIALLY OWNED BY |
6
|
SHARED VOTING POWER
|
|||||
405,897 (1)
|
|||||||
EACH REPORTING |
7
|
SOLE DISPOSITIVE POWER
|
|||||
0
|
|||||||
PERSON WITH: |
8
|
SHARED DISPOSITIVE POWER
|
|||||
405,897 (1)
|
|||||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||||
405,897 (1)
|
|||||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||||
o
|
|||||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
||||||
9.99% (based on 4,099,967 shares of common stock outstanding as of July 7, 2015)
|
|||||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||||
OO
|
(1)
|
Includes 405,897 shares of common stock issuable upon conversion of 811,793 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments, LLC. Does not include (i) 40,532 shares of common stock issuable upon conversion of 81,064 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments, LLC or (ii) 223,214 shares of common stock issuable upon exercise of warrants held by HS Contrarian Investments, LLC due to a blocker that prevents conversion of the Series B Convertible Preferred Stock and prevents the exercise of the warrants if such conversion/exercise would result in the holders beneficial ownership being in excess of 9.99% of the total outstanding shares of common stock.
John Stetson is the Managing Member of HS Contrarian Investments, LLC and in such capacity, is deemed to hold voting and dispositive power of the securities held by HS Contrarian Investments, LLC.
|
(a)
|
Amount beneficially owned: 405,897 (1)
|
(b)
|
Percent of class: 9.99% (based on 4,099,967 shares of common stock outstanding as of July 7, 2015)
|
(c)
|
Number of shares as to which the person has:
|
(i)
|
Sole power to vote or to direct the vote: 56,250 (2)
|
(ii)
|
Shared power to vote or to direct the vote: 405,897 (3)
|
(iii)
|
Sole power to dispose or to direct the disposition of: 56,250 (2)
|
(iv)
|
Shared power to dispose or to direct the disposition of: 405,897 (3)
|
(1)
|
Includes (i) 56,250 shares of common stock issuable upon exercise of warrants held by John Stetson, (ii) 223,214 shares of common stock issuable upon exercise of warrants held by HS Contrarian Investments, LLC and (iii) 126,462 shares of common stock issuable upon conversion of 252,865 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments, LLC. Does not include 319,996 shares of common stock issuable upon conversion of 639,992 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments LLC due to a blocker that prevents conversion of the Series B Preferred Stock if such conversion would result in the holders beneficial ownership being in excess of 9.99% of the total outstanding shares of common stock.
John Stetson is the Managing Member of HS Contrarian Investments, LLC and in such capacity, is deemed to hold voting and dispositive power of the securities held by HS Contrarian Investments, LLC.
|
(2)
|
Includes 56,250 shares of common stock issuable upon exercise of warrants held by John Stetson.
|
(3)
|
Includes 405,897 shares of common stock issuable upon conversion of 811,793 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments, LLC. Does not include (i) 40,532 shares of common stock issuable upon conversion of 81,064 shares of Series B Convertible Preferred Stock held by HS Contrarian Investments, LLC or (ii) 223,214 shares of common stock issuable upon exercise of warrants held by HS Contrarian Investments, LLC due to a blocker that prevents conversion of the Series B Convertible Preferred Stock and prevents the exercise of the warrants if such conversion/exercise would result in the holder’s beneficial ownership being in excess of 9.99% of the total outstanding shares of common stock.
John Stetson is the Managing Member of HS Contrarian Investments, LLC and in such capacity, is deemed to hold voting and dispositive power of the securities held by HS Contrarian Investments, LLC.
|
Date: July 13, 2016
|
By:
|
/s/ John Stetson
|
|
John Stetson
|
|||
HS Contrarian Investments, LLC
|
|||
Date: July 13, 2016
|
By:
|
/s/ John Stetson
|
|
Name: John Stetson
|
|||
Title: Managing Member
|
|||