1
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NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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John
Stetson
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
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(a) ☐
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(b) ☐
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3
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SEC USE
ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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United
States
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NUMBER
OF SHARES
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5
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SOLE
VOTING POWER
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0
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BENEFICIALLY
OWNED BY
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6
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SHARED
VOTING POWER
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882,188
(1)
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EACH REPORTING
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7
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SOLE
DISPOSITIVE POWER
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0
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PERSON
WITH:
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8
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SHARED
DISPOSITIVE POWER
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882,188
(1)
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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882,188
(1)
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10
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
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☐
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.99%
(based on 8,830,715 shares of common stock outstanding as of
November 3, 2016)
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12
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TYPE OF
REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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(1)
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Includes
882,188 shares of common stock issuable upon conversion of
103 shares of Series D Convertible Preferred Stock held
by HS Contrarian Investments, LLC. Does not include 7,658,185
shares of common stock issuable upon conversion of 897 shares of
Series D Convertible Preferred Stock held by HS Contrarian
Investments, LLC due to a blocker that prevents conversion of the
Series D Convertible 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.
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1
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|
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) ☐
|
|
|
(b) ☐
|
3
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|
SEC USE
ONLY
|
|
|
|
4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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|
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Florida
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NUMBER
OF SHARES
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5
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SOLE
VOTING POWER
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|
|
|
|
|
|
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0
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BENEFICIALLY
OWNED BY
|
6
|
|
SHARED
VOTING POWER
|
|
|
|
|
|
|
|
882,188
(1)
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EACH
REPORTING
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7
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SOLE
DISPOSITIVE POWER
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|
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0
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PERSON
WITH:
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8
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|
SHARED
DISPOSITIVE POWER
|
|
|
|
|
|
|
|
882,188
(1)
|
9
|
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
|
|
882,188
(1)
|
10
|
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
|
|
|
|
|
|
☐
|
|
|
|
11
|
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
|
|
9.99%
(based on 8,830,715 shares of common stock outstanding as of
November 3, 2016)
|
|
|
|
12
|
|
TYPE OF
REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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(1)
|
Includes
882,188 shares of common stock issuable upon conversion of
103 shares of Series D Convertible Preferred Stock held
by HS Contrarian Investments, LLC. Does not include 7,658,185
shares of common stock issuable upon conversion of 897 shares of
Series D Convertible Preferred Stock held by HS Contrarian
Investments, LLC due to a blocker that prevents conversion of the
Series D Convertible 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.
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(a)
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Amount
beneficially owned: 882,188 (1)
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(b)
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Percent
of class: 9.99% (based on 8,830,715 shares of common stock
outstanding as of November 3, 2016)
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(c)
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Number
of shares as to which the person has:
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(i)
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Sole
power to vote or to direct the vote: 0
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(ii)
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Shared
power to vote or to direct the vote: 882,188 (1)
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(iii)
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Sole
power to dispose or to direct the disposition of: 0
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(iv)
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Shared
power to dispose or to direct the disposition of: 882,188
(1)
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(1)
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Includes
882,188 shares of common stock issuable upon conversion of
103 shares of Series D Convertible Preferred Stock held
by HS Contrarian Investments, LLC. Does not include 7,658,185
shares of common stock issuable upon conversion of 897 shares of
Series D Convertible Preferred Stock held by HS Contrarian
Investments, LLC due to a blocker that prevents conversion of the
Series D Convertible 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.
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Date:
November 10, 2016
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By:
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/s/ John
Stetson
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John
Stetson
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HS
Contrarian Investments, LLC
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Date:
November 10, 2016
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By:
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/s/ John
Stetson
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Name: John
Stetson
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Title:
Managing Member
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