Page 16 of 19 – SEC Filing
(ii) Shared power to vote or direct the vote: 10,098*
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 10,098*
*Sierra
owns directly 707,845 shares of Common Stock. Pursuant to investment management agreements, HCM and MAIM maintain investment
and voting power with respect to the securities held by Sierra. However, despite the delegation of investment and voting power
to HCM and MAIM, HCP and MGP may be deemed to be the beneficial owners of such securities under Rule 13d-3 of the Act because HCP
and MGP have the right to acquire investment and voting power through termination of investment management agreements with HCM
and MAIM. HCPF owns directly 22,975 shares of Common Stock, including
100 shares that are held in record name. Pursuant to investment management agreements, HCM maintains investment and voting
power with respect to the securities held by HCPF. However, despite the delegation of investment and voting power to HCM, HCP may
be deemed to be the beneficial owner of such securities under Rule 13d-3 of the Act because HCP has the right to acquire investment
and voting power through termination of investment management agreements with HCM. AVI
owns directly 10,098 shares of Common Stock. Pursuant to investment management agreements, MAIM maintains investment and
voting power with respect to the securities held by AVI. However, despite the delegation of investment and voting
power to MAIM, MAGP may be deemed to be the beneficial owner of such securities under Rule 13d-3 of the Act because MAGP has the
right to acquire investment and voting power through termination of investment management agreements with MAIM. HCM and MAIM also
act as investment advisers to certain jointly managed accounts. Under investment management agreements with these jointly managed
account clients, HCM and MAIM have investment and voting power with respect to 304,722 shares of Common Stock held in the client
managed accounts. HCP and MGP are the general partners for Sierra. MAGP is the general partner of AVI. HCP is the general partner
of HCPF. Mr. Manko is the managing member of HCM and HCP. MP is the parent company of MGP, MAIM and MAGP. Mr. Wallis is the
managing member of MP, MGP, MAGP, and MAIM. By reason of the provisions of Rule 13d-3 of the Act, (i) each of MP, Mr. Wallis and
MAIM may be deemed to beneficially own 1,022,665
shares of Common Stock held by AVI, Sierra and the managed accounts, (ii) each of HCM and Mr. Manko may be deemed to beneficially
own 1,035,542 shares of Common Stock held
by HCP, Sierra and the managed accounts, (iii) HCP may be deemed to beneficially own 730,820
shares of Common Stock held by HCPF and Sierra, (iv) MGP may be deemed to beneficially own 707,845 shares of Common Stock
held by Sierra, and (v) MAGP may be deemed to beneficially own 10,098
shares of Common Stock held by AVI. The Reporting Persons collectively own an aggregate of 1,045,640 shares of Common Stock,
constituting approximately 5.1% of the outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership
of any of the securities covered by this Schedule 13D except to the extent of his or its pecuniary interest therein.
(c) Schedule
A attached to this Amendment No. 1 to the Schedule 13D and incorporated herein by reference lists all transaction in the shares
of Common Stock effected by the Reporting Persons since the filing of the Schedule 13D.
(d) No
person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends
from, or proceeds from the sale of, the Shares.
(e) Not
applicable.
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