Page 12 of 17 SEC Filing
Item 5. Interest in Securities of the Issuer.
Item 5(a) The following table sets forth certain information concerning ownership of Company Common Stock as of the close of business on January 8, 2016 by (i) each of the directors and nominees, (ii) each executive officer, and (iii) all directors and executive officers as a group. Except as otherwise noted, each beneficial owner listed below has sole voting and investment power with respect to the shares listed next to the owner’s name.
| Name of Beneficial Owner | Shares Beneficially Owned | Percentage of Class |
| Louis J. Akers | 14,000 | * |
| Philip E. Cline | 52,419 | * |
| Marshall T. Reynolds | 10,910,396 (1) (2) | 67.6%(2) |
| Neal W. Scaggs | 62,300 (3) | * |
| Glenn W. Wilcox, Sr. | 125,390 | 1.1% |
| Justin T. Evans | -0- | * |
| All directors and executive officers as a group (8 persons) | 11,164,505 | 69.2%(4) |
* The percentage of shares of Company Common Stock beneficially owned by these persons is less than 1%.
| (1) | Includes 4,238,687 shares owned by The Harrah and Reynolds Corporation and 2,440 shares owned by wife (with respect to which reporting person has no voting or investment power). |
| (2) | Also includes presently exercisable warrants owned by Mr. Reynolds to purchase shares of common stock equal to 30% of the then issued and outstanding common stock of the Company on a fully diluted, post-exercise basis. Based on the 11,299,528 shares of Company common stock currently issued and outstanding, exercise in full of the warrants would result in issuance of an additional 4,842,654 shares. The percent of class reflected above as owned by Mr. Reynolds includes common stock attributable to these warrants. Excluding the effect of the warrants, Mr. Reynolds beneficially owns 53.7% of currently outstanding common stock. |
| (3) | Joint voting and investment power shared with wife respect to 62,300 shares. |
| (4) | Giving effect to warrants. Excluding effect of warrants, percentage of class owned by all directors and executive officers is 56.6%. |
Item 5(b) The number of shares as to which there is sole power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition, for each person named in response to Item 5(a) above, is included in the tables and footnotes set forth above in response to Item 5(a).
Item 5(c) [None. That is, there were no transactions in Class A Common Stock that were effected during the past 60 days by the persons named in response to Item 5(a) above.]
Item 5(d) Not Applicable.
Item 5(e) Not Applicable
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