Page 10 of 13 SEC Filing
Item 5. Interest in Securities of the Issuer
The following disclosure of share ownership by the Reporting Persons is as of the date of this Amendment No. 27 to Schedule 13D.
A. Tontine Capital Management, L.L.C.
(a) Aggregate number of shares beneficially owned: 101,306. Percentage: 0.6%. The percentages used herein and in the rest of Item 5 are calculated based upon 18,064,956 shares of Common Stock issued and outstanding as of November 2, 2015, as reflected in the Quarterly Report on Form 10-Q filed by the Company on November 5, 2015.
(b) 1. Sole power to vote or direct vote: 101,306
2. Shared power to vote or direct vote: -0-
3. Sole power to dispose or direct the disposition: 101,306
4. Shared power to dispose or direct the disposition: -0-
(c) TCM has not engaged in any transactions in Common Stock since November 2, 2015.
(d) Mr. Gendell is the Managing Member of TCM and in that capacity directs its operations.
(e) Not applicable.
B. Tontine Management, L.L.C.
(a) Aggregate number of shares beneficially owned: 37,462. Percentage: 0.2%.
(b) 1. Sole power to vote or direct vote: 37,462
2. Shared power to vote or direct vote: -0-
3. Sole power to dispose or direct the disposition: 37,462
4. Shared power to dispose or direct the disposition: -0-
(c) TM has not engaged in any transactions in Common Stock since November 2, 2015.
(d) Mr. Gendell is the Managing Member of TM and in that capacity directs its operations.
(e) Not applicable.
C. Tontine Capital Overseas Master Fund II, L.P.
(a) Aggregate number of shares beneficially owned: 901,643. Percentage: 5.0%.
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: 901,643
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: 901,643
(c) TCP 2 purchased a total of 212,538 shares of Common Stock since November 2, 2015. Please see Item 4 for a description of such transactions.
(d) TAA, the general partner of TCP 2, has the power to direct the affairs of TCP 2, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, the shares. Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations.
(e) Not applicable.
D. Tontine Asset Associates, L.L.C.
(a) Aggregate number of shares beneficially owned: 901,643. Percentage: 5.0%.
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Item 5. Interest in Securities of the Issuer
The following disclosure of share ownership by the Reporting Persons is as of the date of this Amendment No. 27 to Schedule 13D.
A. Tontine Capital Management, L.L.C.
(a) Aggregate number of shares beneficially owned: 101,306. Percentage: 0.6%. The percentages used herein and in the rest of Item 5 are calculated based upon 18,064,956 shares of Common Stock issued and outstanding as of November 2, 2015, as reflected in the Quarterly Report on Form 10-Q filed by the Company on November 5, 2015.
(b) 1. Sole power to vote or direct vote: 101,306
2. Shared power to vote or direct vote: -0-
3. Sole power to dispose or direct the disposition: 101,306
4. Shared power to dispose or direct the disposition: -0-
(c) TCM has not engaged in any transactions in Common Stock since November 2, 2015.
(d) Mr. Gendell is the Managing Member of TCM and in that capacity directs its operations.
(e) Not applicable.
B. Tontine Management, L.L.C.
(a) Aggregate number of shares beneficially owned: 37,462. Percentage: 0.2%.
(b) 1. Sole power to vote or direct vote: 37,462
2. Shared power to vote or direct vote: -0-
3. Sole power to dispose or direct the disposition: 37,462
4. Shared power to dispose or direct the disposition: -0-
(c) TM has not engaged in any transactions in Common Stock since November 2, 2015.
(d) Mr. Gendell is the Managing Member of TM and in that capacity directs its operations.
(e) Not applicable.
C. Tontine Capital Overseas Master Fund II, L.P.
(a) Aggregate number of shares beneficially owned: 901,643. Percentage: 5.0%.
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: 901,643
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: 901,643
(c) TCP 2 purchased a total of 212,538 shares of Common Stock since November 2, 2015. Please see Item 4 for a description of such transactions.
(d) TAA, the general partner of TCP 2, has the power to direct the affairs of TCP 2, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, the shares. Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations.
(e) Not applicable.
D. Tontine Asset Associates, L.L.C.
(a) Aggregate number of shares beneficially owned: 901,643. Percentage: 5.0%.
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