Page 9 of 10 – SEC Filing
In addition, the Reporting Persons may engage in communications with one or more shareholders, officers or
directors of the Issuer, including discussions regarding the Issuers operations and strategic direction and ideas that, if effected, could result in, among other things, any of the matters identified in Item 4(a)-(j) of Schedule 13D. The
Reporting Persons reserve their right, based on all relevant factors and subject to applicable law, at any time and from time to time, to review or reconsider their position, change their purpose, take other actions (including actions that could
involve one or more of the types of transactions or have one or more the results described in Item 4(a)-(j) of Schedule 13D) or formulate and implement plans or proposals with respect to any of the foregoing.
Item 5. Interest in Securities of the Issuer
(a) As of March 31, 2017, the Reporting Persons may be deemed to beneficially own 997,445 shares of Series A Common Stock (which represents approximately
5.2% of the outstanding Series A Common Stock based upon information contained in the Issuers Form 10-K for the period ended December 31, 2016).
(b)
| Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | |||||||||||||
| PDP | 934,777 | 0 | 934,777 | 0 | ||||||||||||
| Micro | 44,666 | 0 | 44,666 | 0 | ||||||||||||
| Core | 14,402 | 0 | 14,402 | 0 | ||||||||||||
| LKCM | 997,445 | 0 | 997,445 | 0 | ||||||||||||
| J. Luther King, Jr. | 997,445 | 0 | 997,445 | 0 | ||||||||||||
| J. Bryan King | 993,845 | 0 | 993,845 | 0 | ||||||||||||
(c) During the past sixty days, the Reporting Persons purchased the following shares of Series A Common Stock in open market
transactions.
| Date | Reporting Person | Shares Purchased | Price | |||||||
| 3/31/2017 | PDP | 74,592 | $ | 6.0000 | ||||||
| 3/31/2017 | Micro | 3,571 | $ | 6.0000 | ||||||
| 3/31/2017 | Core | 1,149 | $ | 6.0000 | ||||||
(d) Not applicable.
(e) Not
applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Except as otherwise provided herein, there are no contracts, arrangements, understandings, or relationships between the Reporting Persons and any other person
with respect to the securities of the Issuer.
Item 7. Material to Be Filed as Exhibits
Exhibit 1 Joint Filing Agreement, dated April 5, 2017, by and among the Reporting Persons.
