0001213900-13-007190.txt : 20131213 0001213900-13-007190.hdr.sgml : 20131213 20131213141801 ACCESSION NUMBER: 0001213900-13-007190 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20131213 DATE AS OF CHANGE: 20131213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KITARA MEDIA CORP. CENTRAL INDEX KEY: 0001350773 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 203881465 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81810 FILM NUMBER: 131275906 BUSINESS ADDRESS: STREET 1: 525 WASHINGTON BLVD STREET 2: SUITE 2620 CITY: JERSEY CITY STATE: NJ ZIP: 07310 BUSINESS PHONE: (201) 539-2200 MAIL ADDRESS: STREET 1: 525 WASHINGTON BLVD STREET 2: SUITE 2620 CITY: JERSEY CITY STATE: NJ ZIP: 07310 FORMER COMPANY: FORMER CONFORMED NAME: Ascend Acquisition Corp. DATE OF NAME CHANGE: 20060124 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CASTILE VENTURES III L.P. CENTRAL INDEX KEY: 0001594308 IRS NUMBER: 204039030 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 65 WILLIAM STREET STREET 2: SUITE 205 CITY: WELLESLEY STATE: MA ZIP: 02481 BUSINESS PHONE: 781-890-0060 MAIL ADDRESS: STREET 1: 65 WILLIAM STREET STREET 2: SUITE 205 CITY: WELLESLEY STATE: MA ZIP: 02481 SC 13G 1 sc13g1213castille_kitara.htm SCHEDULE 13G sc13g1213castille_kitara.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G
 
 
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
 
Kitara Media Corp.
(Name of Issuer)
 
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
 
0435OH 308
(CUSIP Number)
 
Michael Hirschberg, Esq.
Reitler Kailas & Rosenblatt LLC
885 Third Avenue 20th Floor
New York, New York 10022
(212) 209-3032
(Name, Address and Telephone Number of Person
 
Authorized to Receive Notices and Communications)
 
December 3, 2013
(Date of Event which Requires Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨  Rule 13d-1(b)
x  Rule 13d-1(c)
¨  Rule 13d-1(d)
 
* 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. 0435OH 308
13G
Page 2 of 6 Pages

1.
  
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Castile Ventures III L.P.
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
 
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
  
SOLE VOTING POWER
 
4,916,887
6.
  
SHARED VOTING POWER
 
 
7.
  
SOLE DISPOSITIVE POWER
 
4,916,887
8.
  
SHARED DISPOSITIVE POWER
 
 

9.
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,916,887
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)
 
5.9%
12.
  
TYPE OF REPORTING PERSON (see instructions)
 
PN
     
 
 
 
 
 
CUSIP No. 0435OH 308
13G
Page 3 of 6 Pages
 
Item 1.
 
 
(a)
Name of Issuer
Kitara Media Corp.
     
 
(b)
Address of Issuer’s Principal Executive Offices
525 Washington Avenue
Suite 2620
Jersey City, New Jersey 07310
 
Item 2.
 
 
(a)
Name of Person Filing
Castile Ventures III L.P.
     
 
(b)
Address of the Principal Business Office or, if None, Residence
65 William Street
Suite 205
Wellesley, Massachusetts 02481
     
 
(c)
Citizenship
Delaware
     
 
(d)
Title of Class of Securities
Common Stock, par value $0.0001 per share
     
 
(e)
CUSIP Number
0435OH 308
 
Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
¨
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
       
 
(b)
¨
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
       
 
(c)
¨
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
       
 
(d)
¨
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       
 
(e)
¨
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
       
 
 
 
 
 
CUSIP No. 0435OH 308
13G
Page 4 of 6 Pages

 
(f)
¨
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
       
 
(g)
¨
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
       
 
(h)
¨
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
       
 
(i)
¨
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
       
 
(j)
¨
A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
       
 
(k)
¨
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
 
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:____________________
 
Item 4.  Ownership.
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
(a)
  
Amount beneficially owned:  4,916,887 shares
         
 
(b)
  
Percent of class:  5.9%
         
 
(c)
  
Number of shares as to which the person has:  
         
     
(i)
Sole power to vote or to direct the vote of: 4,916,887 shares
         
     
(ii)
Shared power to vote or to direct the vote of: 
         
     
(iii)
Sole power to dispose or to direct the disposition of: 4,916,887 shares
         
     
(iv)
Shared power to dispose or to direct the disposition of: 
 
Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
 
 
 
 

CUSIP No. 0435OH 308
13G
Page 5 of 6 Pages
 
Item 5.  Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following     ¨.
 
Instruction. Dissolution of a group requires a response to this item.
 
Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
 
Not Applicable 
 
Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 
Not Applicable
 
Item 8.  Identification and Classification of Members of the Group.
 
Not Applicable 
 
Item 9.  Notice of Dissolution of Group.
 
Not Applicable 
 
Item 10.  Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 
 
CUSIP No. 0435OH 308
13G
Page 6 of 6 Pages
 
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.
 
 
CASTILE VENTURES III L.P.
     
 
By:
Castile Partners III L.P
    Its general partner
     
  By: Castile Partners III LLC
    Its general partner
     
  By: /s/ Jason King
    Jason King, Member
     
Date: December 13, 2013