13D Filing: Sovereign Holdings Inc. and Top Ships Inc. (TOPS)

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Page 7 of 14 – SEC Filing

CUSIP No.
Y8897Y404
1.
NAME OF REPORTING PERSONS
Tankers Family Inc.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[_]
3.
SEC USE ONLY
4.
SOURCE OF FUNDS
OO
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of the Marshall Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
9,150 (1)(2)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
9,150 (1)(2)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,150 (1)(2)
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 [_]
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2% (3)
14.
TYPE OF REPORTING PERSON
CO
(1) Represents 9,150 Common Shares currently held by Tankers Family Inc.
(2) On May 8, 2017, the Issuer (defined below) issued 100,000 shares of Series D Preferred Stock to Tankers Family Inc. One share of Series D Preferred Stock has the voting power of 1,000 Common Shares. Shares of the Series D Preferred Stock are not convertible into Common Shares.  See Item 6.
(3) See Item 5(a).

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