0001104659-18-008955.txt : 20180213 0001104659-18-008955.hdr.sgml : 20180213 20180213150338 ACCESSION NUMBER: 0001104659-18-008955 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180213 DATE AS OF CHANGE: 20180213 GROUP MEMBERS: EMILY FAIRBAIRN GROUP MEMBERS: GRANT FAIRBAIRN IRREVOCABLE TRUST SEPTEMBER 30, 2011 GROUP MEMBERS: NINA FAIRBAIRN IRREVOCABLE TRUST SEPTEMBER 30, 2011 GROUP MEMBERS: VALLEY HIGH CAPITAL LLC GROUP MEMBERS: VALLEY HIGH LIMITED PARTNERSHIP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Digimarc CORP CENTRAL INDEX KEY: 0001438231 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 262828185 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84546 FILM NUMBER: 18602606 BUSINESS ADDRESS: STREET 1: 9405 SW GEMINI DRIVE CITY: BEAVERTON STATE: OR ZIP: 97008 BUSINESS PHONE: 503-469-4618 MAIL ADDRESS: STREET 1: 9405 SW GEMINI DRIVE CITY: BEAVERTON STATE: OR ZIP: 97008 FORMER COMPANY: FORMER CONFORMED NAME: DMRC CORP DATE OF NAME CHANGE: 20080620 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Fairbairn Malcolm CENTRAL INDEX KEY: 0001317314 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: C/O ASCEND CAPITAL, LLC STREET 2: 4 ORINDA WAY, SUITE 200-C CITY: ORINDA STATE: CA ZIP: 94563 SC 13G/A 1 a18-5703_1sc13ga.htm SC 13G/A

 

 

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)

 

(Amendment No. 1)*

 

Digimarc Corporation

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

25381B101

(CUSIP Number)

Malcolm P. Fairbairn

c/o Valley High Capital LLC

10 Orinda View Road

Orinda, CA 94563

(415) 217-8300

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

December 31, 2017

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

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 the disclosures provided in a prior cover page.

 

The information required in 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. 25381B101

13G

 

 

 

1.

Name of Reporting Persons
Malcolm P. Fairbairn

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5.

Sole Voting Power
22,227

 

6.

Shared Voting Power
595,807

 

7.

Sole Dispositive Power
22,227

 

8.

Shared Dispositive Power
595,807

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
618,034

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.3%

 

 

12.

Type of Reporting Person
IN, HC

 

2


 

CUSIP No. 25381B101

13G

 

 

 

1.

Name of Reporting Persons
Emily Fairbairn

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5.

Sole Voting Power
2,346

 

6.

Shared Voting Power
595,807

 

7.

Sole Dispositive Power
2,346

 

8.

Shared Dispositive Power
595,807

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
598,153

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.1%

 

 

12.

Type of Reporting Person
IN, HC

 

3


 

CUSIP No. 25381B101

13G

 

 

 

1.

Name of Reporting Persons
Valley High Limited Partnership

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Nevada

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5.

Sole Voting Power
0

 

6.

Shared Voting Power
591,207

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
591,207

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
591,207

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.1%

 

 

12.

Type of Reporting Person
PN

 

4


 

CUSIP No. 25381B101

13G

 

 

 

1.

Name of Reporting Persons
Valley High Capital LLC

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
California

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5.

Sole Voting Power
0

 

6.

Shared Voting Power
591,207

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
591,207

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
591,207

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.1%

 

 

12.

Type of Reporting Person
HC,OO

 

5


 

CUSIP No. 25381B101

13G

 

 

 

1.

Name of Reporting Persons
Grant Fairbairn Irrevocable Trust September 30, 2011

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5.

Sole Voting Power
0

 

6.

Shared Voting Power
2,100

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
2,100

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,100

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.02%

 

 

12.

Type of Reporting Person
OO

 

6


 

CUSIP No. 25381B101

13G

 

 

 

1.

Name of Reporting Persons
Nina Fairbairn Irrevocable Trust September 30, 2011

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5.

Sole Voting Power
0

 

6.

Shared Voting Power
2,500

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
2,500

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,500

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.02%

 

 

12.

Type of Reporting Person
OO

 

7


 

Item 1.

(a)

Name of Issuer:
Digimarc Corporation

(b)

Address of Issuer’s Principal Executive Offices:
9405 SW Gemini Drive, Beavertown, Oregon 97008

 

Item 2.

(a)

Names of Persons Filing:

This Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

 

i)                 Malcolm P. Fairbairn;

ii)              Emily Fairbairn;

iii)           Valley High Limited Partnership (“VHLP”);

iv)          Valley High Capital LLC (“VHCLLC”);

v)             Grant Fairbairn Irrevocable Trust September 30, 2011 “(GF Trust”); and

vi)          Nina Fairbairn Irrevocable Trust September 30, 2011 (“NF Trust”).

(b)

Address of Principal Business Office or, if none, Residence:
The address of the principal business office of each of the Reporting Persons is 10 Orinda View Road, Orinda, CA 94563.

(c)

Citizenship:
See Cover Page, Item 4.

(d)

Title of Class of Securities:
Common Stock, par value $0.001 per share (the “Shares”).

(e)

CUSIP No.:
25381B101

 

Item 3.

Statement filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c):

 

This Item 3 is not applicable.

 

8


 

CUSIP No. 25381B101

13G

 

 

Item 4. Ownership

 

Item 4(a)              Amount Beneficially Owned:

 

As of  February 13, 2018: (i) Malcolm P. Fairbairn may have been deemed the beneficial owner of 618,034 Shares; (ii) Emily Fairbairn may have been deemed the beneficial owner of 598,153 Shares; (iii) VHLP and VHCLLC may each have been deemed the beneficial owner of 591,207 Shares; (iv) GF Trust may have been deemed the beneficial owner of 2,100 Shares; and (v) NF Trust may have been deemed the beneficial owner of 2,500 Shares.

 

Item 4(b)         Percent of Class:

 

There are approximately 11,655,034 Shares outstanding according to the Issuer’s 424B5 filed November 13, 2017.  As of February 13, 2018: (i) Malcolm P. Fairbairn may have been deemed the beneficial owner of approximately 5.3% of Shares outstanding; (ii) Emily Fairbairn may have been deemed the beneficial owner of approximately 5.1% of Shares outstanding; (iii) VHLP and VHCLLC may each have been deemed the beneficial owner of approximately 5.1% of Shares outstanding; (iv) GF Trust may have been deemed the beneficial owner of approximately 0.02% of Shares outstanding; and (v) NF Trust may have been deemed the beneficial owner of approximately 0.02% of Shares outstanding.

 

Item 4(c)               Number of Shares of which such person has:

 

Malcolm P. Fairbairn:

 

(i)

Sole power to vote or direct the vote:

22,227

(ii)

Shared power to vote or direct the vote:

595,807

(iii)

Sole power to dispose or direct the disposition of:

22,227

(iv)

Shared power to dispose or direct the disposition of:

595,807

 

Emily Fairbairn:

 

(i)

Sole power to vote or direct the vote:

2,346

(ii)

Shared power to vote or direct the vote:

595,807

(iii)

Sole power to dispose or direct the disposition of:

2,346

(iv)

Shared power to dispose or direct the disposition of:

595,807

 

VHLP and VHCLLC:

 

(i)

Sole power to vote or direct the vote:

0

(ii)

Shared power to vote or direct the vote:

591,207

(iii)

Sole power to dispose or direct the disposition of:

0

(iv)

Shared power to dispose or direct the disposition of:

591,207

 

GF Trust:

 

(i)

Sole power to vote or direct the vote:

0

(ii)

Shared power to vote or direct the vote:

2,100

(iii)

Sole power to dispose or direct the disposition of:

0

(iv)

Shared power to dispose or direct the disposition of:

2,100

 

NF Trust:

 

(i)

Sole power to vote or direct the vote:

0

(ii)

Shared power to vote or direct the vote:

2,500

(iii)

Sole power to dispose or direct the disposition of:

0

(iv)

Shared power to dispose or direct the disposition of:

2,500

 

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 box.  o

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

This Item 6 is not applicable.

 

9


 

CUSIP No. 25381B101

13G

 

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

See disclosure in Item 2 hereof.

 

Item 8. Identification and Classification of Members of the Group.

 

This Item 8 is not applicable

 

Item 9. Notice of Dissolution of Group.

 

This Item 9 is not applicable.

 

10


 

CUSIP No. 25381B101

13G

 

 

Item 10.Certifications.

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.

 

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: February 13, 2018

 

 

MALCOLM P. FAIRBAIRN

 

 

 

 /s/Malcolm P. Fairbairn

 

 

 

 

 

EMILY FAIRBAIRN

 

 

 

/s/Emily Fairbairn

 

 

 

 

 

VALLEY HIGH LIMITED PARTNERSHIP

 

 

 

By: Valley High Capital LLC

 

 

 

By:

 /s/Malcolm P. Fairbairn

 

Name:

Malcolm Fairbairn

 

Title:

Managing Member

 

 

 

VALLEY HIGH CAPITAL LLC

 

 

 

By:

 /s/Malcolm P. Fairbairn

 

Name:

Malcolm Fairbairn

 

Title:

Managing Member

 

 

 

GRANT FAIRBAIRN IRREVOCABLE TRUST
SEPTEMBER 30, 2011

 

 

 

By:

 /s/Malcolm P. Fairbairn

 

Name:

Malcolm Fairbairn

 

Title:

Trustee

 

 

 

NINA FAIRBAIRN IRREVOCABLE TRUST
SEPTEMBER 30, 2011

 

 

 

By:

 /s/Malcolm P. Fairbairn

 

Name:

Malcolm Fairbairn

 

Title:

Trustee

 

11


 

CUSIP No. 25381B101

13G

 

 

INDEX TO EXHIBITS

 

Exhibits.

 

 

 

 

 

Exhibit 99.1

 

Joint Filing Agreement by and between the Reporting Persons dated February 13, 2018

 

12

 EX-99.1 2 a18-5703_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

CUSIP No. 25381B101

13G

 

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of such a statement on Schedule 13G with respect to the Common Stock beneficially owned by each of them of Digimarc Corporation. This Joint Filing Agreement shall be included as an Exhibit to such Schedule 13G.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the 13th day of February, 2018.

 

 

MALCOLM P. FAIRBAIRN

 

 

 

 /s/Malcolm P. Fairbairn

 

 

 

 

 

EMILY FAIRBAIRN

 

 

 

/s/Emily Fairbairn

 

 

 

 

 

VALLEY HIGH LIMITED PARTNERSHIP

 

 

 

By: Valley High Capital LLC

 

 

 

By:

 /s/Malcolm P. Fairbairn

 

Name:

Malcolm Fairbairn

 

Title:

Managing Member

 

 

 

VALLEY HIGH CAPITAL LLC

 

 

 

 

 

By:

 /s/Malcolm P. Fairbairn

 

Name:

Malcolm Fairbairn

 

Title:

Managing Member

 

 

 

GRANT FAIRBAIRN IRREVOCABLE TRUST SEPTEMBER 30, 2011

 

 

 

 

 

By:

/s/Malcolm P. Fairbairn

 

Name:

Malcolm Fairbairn

 

Title:

Trustee

 

1


 

CUSIP No. 25381B101

13G

 

 

 

NINA FAIRBAIRN IRREVOCABLE TRUST SEPTEMBER 30, 2011

 

 

 

 

 

By:

 /s/Malcolm P. Fairbairn

 

Name:

Malcolm Fairbairn

 

Title:

Trustee

 

 

 

2