13G Filing: Tontine Asset Associates, L.L.C. and Global Power Equipment Group Inc. (GLPW)

CUSIP No. 37941P306

13G/A

Item 4.

Ownership

    A.

Tontine Asset Associates, LLC

(a)

Amount beneficially owned:   

2,145,882

(b)

Percent of class:   

12.07%.  The percentages used herein and in the rest of Item 4 are calculated based upon the 17,778,885 shares of Common Stock issued and outstanding as of September 5, 2017, as set forth in the Companys Form 10-K for the annual period ended December 31, 2016 filed on September 12, 2017.

(c)

(i)

Sole power to vote or direct the vote:   

-0-

(ii)

Shared power to vote or direct the vote:    

2,145,882

(iii)

Sole power to dispose or direct the disposition:   

-0-

(iv)

Shared power to dispose or direct the disposition of:   

2,145,882

    B.

Jeffrey L. Gendell

(a)

Amount beneficially owned:   

2,145,882

(b)

Percent of class:   

12.07%

(c)

(i)

Sole power to vote or direct the vote:   

-0-

(ii)

Shared power to vote or direct the vote:    

2,145,882

(iii)

Sole power to dispose or direct the disposition:   

-0-

(iv)

Shared power to dispose or direct the disposition:   

2,145,882

Item 5.

Ownership of Five Percent or Less of a Class

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

TAA, the general partner of TCOM II, has the power to direct the affairs of TCOM II, including directing the receipt of dividends from or the proceeds from the sale of such shares.  Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not applicable.

Item 8.

Identification and Classification of Members of the Group

Not applicable.

Item 9.

Notice of Dissolution of Group

Not applicable.