Filing Details

Accession Number:
0001193125-16-571631
Form Type:
13G Filing
Publication Date:
2016-05-02 10:14:32
Filed By:
Rainy Day Investments Ltd.
Company:
Davidstea Inc. (NASDAQ:DTEA)
Filing Date:
2016-05-02
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Rainy Day Investments Ltd 12,486,678 0 12,486,678 0 12,486,678 51.7%
Herschel H. Segal 12,486,678 0 12,486,678 0 12,486,678 51.7%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

DAVIDsTEA Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

238661102

(CUSIP Number)

December 31, 2015

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

 

 

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Rainy Day Investments Ltd.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  ¨

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

NUMBER

OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

12,486,678(1)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

12,486,678 (1)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,486,678 (1)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES

 

¨

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

51.7%(2)

12.  

TYPE OF REPORTING PERSON

 

CO, FI

 

(1) The number of shares reported as beneficially owned is as of March 15, 2016.
(2) As of the date of this filing, based on 24,152,015 shares of common stock of DAVIDsTEA Inc. (the Issuer) outstanding as of April 11, 2016, as reported in the Issuers Annual Report on Form 10-K for the fiscal year ended January 30, 2016 filed with the U.S. Securities and Exchange Commission on April 13, 2016.

 

Page 1 of 8


  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Herschel H. Segal

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

NUMBER

OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

12,486,678(1)(2)

   6.   

SHARED VOTING POWER

 

0

   7.   

SOLE DISPOSITIVE POWER

 

12,486,678 (1)(2)

   8.   

SHARED DISPOSITIVE POWER

 

0

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,486,678 (1)(2)

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES

 

¨

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

51.7%(3)

12.  

TYPE OF REPORTING PERSON

 

IN, FI

 

(1)  The number of shares reported as beneficially owned is as of March 15, 2016.
(2)  Represents the shares beneficially owned by Rainy Day Investments Ltd., over which Mr. Segal has sole voting and investment control.
(3)  As of the date of this filing, based on 24,152,015 shares of common stock of the Issuer outstanding as of April 11, 2016, as reported in the Issuers Annual Report on Form 10-K for the fiscal year ended January 30, 2016 filed with the U.S. Securities and Exchange Commission on April 13, 2016.

 

Page 2 of 8


Item 1(a). Name of Issuer:

DAVIDsTEA Inc.

 

Item 1(b). Address of Issuers Principal Executive Offices:

5430 Ferrier

Mount-Royal

Québec, Canada, H4P 1M2

 

Item 2(a). Name of Person(s) Filing:

Rainy Day Investments Ltd.

Herschel H. Segal

 

Item 2(b). Address of Principal Business Office, or if None, Residence:

c/o Rainy Day Investments Ltd.

5695 Ferrier

Mount-Royal

Québec, Canada, H4P 1N1

 

Item 2(c). Citizenship:

Canada

 

Item 2(d). Title of Class of Securities:

Common Stock

 

Item 2(e). CUSIP Number:

238661102

 

Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

  (a)    ¨ Broker or dealer registered under Section 15 of the Exchange Act.

 

  (b)    ¨ Bank as defined in Section 3(a)(6) of the Exchange Act.

 

  (c)    ¨ Insurance company as defined in Section 3(a)(19) of the Exchange Act.

 

  (d)    ¨ Investment company registered under Section 8 of the Investment Company Act.

 

  (e)    ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

  (f)     ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

  (g)    ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 

  (h)    ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

 

  (i)     ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;

 

  (j)     ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

 

  (k)    ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

 

Page 3 of 8


If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:             

 

Item 4. Ownership**.

Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.

 

  (a) Amount beneficially owned:

Rainy Day Investments Ltd.: 12,486,678

Herschel H. Segal: 12,486,678

 

  (b) Percent of class:

Rainy Day Investments Ltd.: 51.7%

Herschel H. Segal: 51.7%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote:

Rainy Day Investments Ltd.: 12,486,678

Herschel H. Segal: 12,486,678

 

  (ii) Shared power to vote or to direct the vote:

Rainy Day Investments Ltd.: 0

Herschel H. Segal: 0

 

  (iii) Sole power to dispose or to direct the disposition of:

Rainy Day Investments Ltd.: 12,486,678

Herschel H. Segal: 12,486,678

 

  (iv) Shared power to dispose or to direct the disposition of:

Rainy Day Investments Ltd.: 0

Herschel H. Segal: 0

 

** See footnotes on the cover pages, which are incorporated by reference herein.

 

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following  ¨.

 

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

N/A

 

Page 4 of 8


Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

N/A

 

Item 8. Identification and Classification of Members of the Group.

N/A

 

Item 9. Notice of Dissolution of Group.

N/A

 

Item 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect, other than activities solely in connection with a nomination under §240.14a11.

 

Page 5 of 8


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Rainy Day Investments Ltd.

 

By:  

/s/ Herschel H. Segal

  Herschel H. Segal, CEO & President

 

/s/ Herschel H. Segal

Herschel H. Segal

Date: April 29, 2016

 

Page 6 of 8


Exhibit List

Exhibit A.            Joint Filing Agreement.

 

Page 7 of 8


Exhibit A

Joint Filing Agreement

The undersigned agree that this Schedule 13G, and all amendments thereto, relating to the Common Stock of DAVIDsTEA Inc. shall be filed on behalf of the undersigned.

Rainy Day Investments Ltd.

 

By:  

/s/ Herschel H. Segal

  Herschel H. Segal, CEO & President

 

/s/ Herschel H. Segal

Herschel H. Segal

 

Page 8 of 8