UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Mill Road Capital II, L.P. 382 GREENWICH AVENUE SUITE ONE GREENWICH, CT 06830 |
 |  X |  |  |
Mill Road Capital II GP LLC 382 GREENWICH AVENUE SUITE ONE GREENWICH, CT 06830 |
 |  X |  |  |
LYNCH THOMAS E 382 GREENWICH AVENUE SUITE ONE GREENWICH, CT 06830 |
 |  X |  |  |
Scharfman Scott 382 GREENWICH AVENUE SUITE ONE GREENWICH, CT 06830 |
 |  X |  |  |
/s/ Scott P. Scharfman, Management Committee Director of sole general partner on behalf of Mill Road Capital II, L.P. | 03/23/2017 | |
**Signature of Reporting Person | Date | |
/s/ Scott P. Scharfman, Management Committee Director on behalf of Mill Road Capital II GP LLC | 03/23/2017 | |
**Signature of Reporting Person | Date | |
/s/ Scott P. Scharfman on behalf of Thomas E. Lynch by power of attorney | 03/23/2017 | |
**Signature of Reporting Person | Date | |
/s/ Scott P. Scharfman | 03/23/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The shares reported are directly beneficially owned by Mill Road Capital II, L.P. (the "Fund"). Mill Road Capital II GP LLC (the "GP") is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. Each of Messrs. Lynch and Scharfman is a management committee director of the GP and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any. |
 Remarks: On March 13, 2017, the Fund and the Issuer entered into a Securities Purchase Agreement pursuant to which the Fund agreed to purchase 8,873,240 shares of the Issuer's Class A Common Stock. The Fund's obligation to purchase those shares was subject to the prior satisfaction of several important conditions. As a result of the satisfaction on March 13, 2017 of certain of those conditions, the Reporting Persons for this Form 3 may be deemed to have acquired beneficial ownership under Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of such shares on that date. Neither the filing of this Form 3 nor any of its contents shall be deemed to constitute an admission by any such Reporting Person that he or it is the beneficial owner of such shares for purposes of Section 13 or 16 of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed except to the extent of his or its pecuniary interest therein, if any. |