13D Filing: JCP Investment Management, Llc and Us Geothermal Inc (HTM)

The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned (“Amendment No. 2”). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended and restated to read as follows:

The Shares purchased by JCP Partnership and JCP Drawdown III were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase price of the 5,630,160 Shares owned directly by JCP Partnership is approximately $3,281,456, including brokerage commissions. The aggregate purchase price of the 2,287,222 Shares owned directly by JCP Drawdown III is approximately $1,510,305, including brokerage commissions.

Item 5.

Interest in Securities of the Issuer.

Items 5(a) – (c) are hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 110,215,235 Shares outstanding as of March 6, 2016, which is the total number of Shares outstanding as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2016.

A.	JCP Partnership

(a)

As of the close of business on April 13, 2016, JCP Partnership beneficially owned 5,630,160 Shares.

Percentage: Approximately 5.1%

(b)

1. Sole power to vote or direct vote: 5,630,160

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 5,630,160

4. Shared power to dispose or direct the disposition: 0

(c)

JCP Partnership has not entered into any transactions in the Shares since the filing of Amendment No. 1 to the Schedule 13D.

B.	JCP Drawdown III

(a)

As of the close of business on April 13, 2016, JCP Drawdown III beneficially owned 2,287,222 Shares.

Percentage: Approximately 2.1%

(b)

1. Sole power to vote or direct vote: 2,287,222

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 2,287,222

4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by JCP Drawdown III since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

13D Filing: JCP Investment Management, Llc and Us Geothermal Inc (HTM)

Published on April 18, 2016 at 11:06 am by Insider Monkey Staff in Hedge Funds

Page 8 of 12 – SEC Filing

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