Filing Details
- Accession Number:
- 0001162677-16-000226
- Form Type:
- 13D Filing
- Publication Date:
- 2016-09-09 18:19:23
- Filed By:
- Van Steenwyk Matthew
- Company:
- American Power Group Corp (OTCMKTS:APGI)
- Filing Date:
- 2016-09-12
- SEC Url:
- 13D 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 |
---|---|---|---|---|---|---|
Matthew van Steenwyk | 14,747,497 | 60,148,001 | 14,747,497 | 60,148,001 | 74,895,498 | 40.7% |
Betty van Steenwyk | 1,000 | 1,000 | 1,000 | Less than 0.1% | ||
Arrow | 0 | 56,614,683 | 0 | 56,614,683 | 56,614,683 | 30.7% |
The Matthew Donald Van Steenwyk GST Trust | 0 | 4,782,318 | 0 | 4,782,318 | 4,782,318 | 2.5% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 7)
(Amendment No. 7)
Under the Securities Exchange Act of 1934
American Power Group Corporation |
(Name of Issuer) |
Common Stock, par value $0.01 per share |
(Title of Class of Securities) |
395379 30 8 |
(CUSIP Number) |
Matthew van Steenwyk Paradise Road, Suite 3604 Las Vegas, NV 89109 (805) 441-7178 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
September 6, 2016 |
(Date of Event which Requires Filing of this Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].
The information required on 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 (“Act”) 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).
SCHEDULE 13D
CUSIP No. | 395379 30 8 | ||||||
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||||
Matthew van Steenwyk | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||||
(a) [ ] (b) [ ] | |||||||
3 | SEC USE ONLY | ||||||
| |||||||
4 | SOURCE OF FUNDS (See Instructions) | ||||||
PF | |||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) | ||||||
[ ] | |||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||
US | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | |||||
14,747,497 | |||||||
8 | SHARED VOTING POWER | ||||||
60,148,001 | |||||||
9 | SOLE DISPOSITIVE POWER | ||||||
14,747,497 | |||||||
10 | SHARED DISPOSITIVE POWER | ||||||
60,148,001 | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||
74,895,498 | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) | ||||||
[ ] | |||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||
40.7% | |||||||
14 | TYPE OF REPORTING PERSON (See Instructions) | ||||||
IN |
CUSIP No. | 395379 30 8 | ||||||
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||||
Betty van Steenwyk | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||||
(a) [ ] (b) [ ] | |||||||
3 | SEC USE ONLY | ||||||
| |||||||
4 | SOURCE OF FUNDS (See Instructions) | ||||||
AF | |||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) | ||||||
[ ] | |||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||
US | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | |||||
None | |||||||
8 | SHARED VOTING POWER | ||||||
1,000 | |||||||
9 | SOLE DISPOSITIVE POWER | ||||||
None | |||||||
10 | SHARED DISPOSITIVE POWER | ||||||
1,000 | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||
1,000 | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) | ||||||
[ ] | |||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||
Less than 0.1% | |||||||
14 | TYPE OF REPORTING PERSON (See Instructions) | ||||||
IN |
CUSIP No. | 395379 30 8 | ||||||
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||||
Arrow, LLC | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||||
(a) [ ] (b) [ ] | |||||||
3 | SEC USE ONLY | ||||||
| |||||||
4 | SOURCE OF FUNDS (See Instructions) | ||||||
WC | |||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) | ||||||
[ ] | |||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||
Nevada | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | |||||
0 | |||||||
8 | SHARED VOTING POWER | ||||||
56,614,683 | |||||||
9 | SOLE DISPOSITIVE POWER | ||||||
0 | |||||||
10 | SHARED DISPOSITIVE POWER | ||||||
56,614,683 | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||
56,614,683 | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) | ||||||
[ ] | |||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||
30.7% | |||||||
14 | TYPE OF REPORTING PERSON (See Instructions) | ||||||
OO |
CUSIP No. | 395379 30 8 | ||||||
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||||
The Matthew Donald Van Steenwyk GST Trust | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||||
(a) [ ] (b) [ ] | |||||||
3 | SEC USE ONLY | ||||||
| |||||||
4 | SOURCE OF FUNDS (See Instructions) | ||||||
PF | |||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) | ||||||
[ ] | |||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||
Nevada | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | |||||
0 | |||||||
8 | SHARED VOTING POWER | ||||||
4,782,318 | |||||||
9 | SOLE DISPOSITIVE POWER | ||||||
0 | |||||||
10 | SHARED DISPOSITIVE POWER | ||||||
4,782,318 | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||
4,782,318 | |||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) | ||||||
[ ] | |||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||
2.5% | |||||||
14 | TYPE OF REPORTING PERSON (See Instructions) | ||||||
OO |
The following constitutes Amendment No. 7 (this “Amendment”) to the initial Schedule 13D, as previously amended (the “Schedule 13D”) filed on June 12, 2015 by Matthew van Steenwyk (“Mr. Van Steenwyk”), Betty van Steenwyk (“Ms. Van Steenwyk”), Arrow, LLC (“Arrow”), and the Matthew Donald Van Steenwyk GST Trust (the “Trust”, and together with Mr. Van Steenwyk, Ms. Van Steenwyk, and Arrow, the “Reporting Persons”). Except as specifically set forth in this Amendment, the Schedule 13D remains in full force and effect. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Securities Purchase Agreement (the “Purchase Agreement”), dated as of July 5, 2016 (without regard to any amendments or changes thereto after the date thereof), among American Power Group Corporation, a Delaware corporation (the “Company”) and each purchaser identified on the signature pages thereto.
Item 1. Security and Issuer
This statement on Schedule 13D relates to the common stock, $0.01 par value per share, of the Company (the “Common Stock”) and the Common Stock Warrants. The principal executive offices of the Company are located at Seven Kimball Lane, Building B, Lynnfield, Massachusetts 01940.
Item 3. Source and Amount of Funds or Other Considerations
Private Placement
On July 5, 2016, the Company entered into a Securities Purchase Agreement pursuant to which the Company could raise up to $1,500,000 through the offer and sale of shares of Common Stock and Common Stock warrants. Pursuant to such Securities Purchase Agreement, the Trust made a $150,000.00 cash investment on September 6, 2016, for which it received 625,000 shares of Common Stock based upon a price of $0.24 per share and warrants to acquire an additional 625,000 shares of Common Stock.
Item 4. Purpose of Transaction
The Trust made a $150,000 investment in the Company on September 6, 2016, for which it received 625,000 shares of Common Stock based upon a price of $0.24 per share and warrants to acquire an additional 625,000 shares of Common Stock.
Item 5. Interest in Securities of the Issuer
Mr. van Steenwyk may be deemed to beneficially own (i) 74,895,498 shares of Common Stock (21,050,858 shares of which Mr. van Steenwyk may be deemed to have the right to acquire), comprising 59.9% of outstanding shares of Common Stock, (ii) 15 shares of Series D Preferred Stock, comprising 68.2% of outstanding shares of Series D Preferred Stock and convertible into 15,000,000 shares of Common Stock, (iii) 220.4084 shares of Series D‑2 Preferred Stock, comprising 19.4% of outstanding shares of Series D-2 Preferred Stock and convertible into 5,510,210 shares of Common Stock, and (iv) 150 shares of Series D-3 Preferred Stock, comprising 61.2% of outstanding shares of Series D-3 Preferred Stock and convertible into 7,789,726 shares of Common Stock.
Mr. van Steenwyk has sole voting and dispositive power over 14,747,497 shares of Common Stock and shared voting and dispositive power with respect to 60,148,001 shares of Common Stock, comprising 40.7% of outstanding shares of Common Stock, 15 shares of Series D Preferred Stock, 220.4048 shares of Series D-2 Preferred Stock, and 150 shares of Series D-3 Preferred Stock.
Ms. van Steenwyk may be deemed to beneficially own 1,000 shares of Common Stock, comprising less than 0.1% of outstanding shares of Common Stock, and has shared voting and sole dispositive power with respect to said 1,000 shares of Common Stock.
Arrow may be deemed to beneficially own (i) 56,614,683 shares of Common Stock (16,766,159 shares of which Arrow has the right to acquire), comprising 30.7% of outstanding shares of Common Stock, (ii) 15 shares of Series D Preferred Stock, comprising 68.2% of outstanding shares of Series D Preferred Stock, and may be deemed to have shared voting and dispositive power with respect to all shares which it is deemed to beneficially own.
The Trust may be deemed to beneficially own 4,782,318 shares of Common Stock (2,391,159 of which the Trust has the right to acquire) comprising 2.5% of outstanding shares of Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Registration Rights Agreement
In connection with the transactions contemplated by the Securities Purchase Agreement, the parties to that certain Registration Rights Agreement dated as of June 2, 2015, as amended, executed the third amendment thereto, extending the rights under the Agreement to certain new purchasers.
Item 7. Material to Be Filed as Exhibits
Exhibit 1 | Securities Purchase Agreement dated as of July 5, 2016 between American Power Group Corporation and certain Purchasers (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K of American Power Group Corporation filed with the SEC on August 24, 2016) |
Exhibit 2 | Amendment No. 3 to Registration Rights Agreement dated as of July 5, 2016 (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K of American Power Group Corporation filed with the SEC on August 24, 2016) |
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.
ARROW, LLC |
/s/ Matthew van Steenwyk |
Name: Matthew van Steenwyk Title: Manager |
/s/ Matthew van Steenwyk |
Matthew van Steenwyk |
/s/ Betty van Steenwyk |
Betty van Steenwyk |
/s/ Matthew van Steenwyk |
Matthew van Steenwyk, Trustee The Matthew Donald Van Steenwyk GST Trust |
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).