Filing Details

 

	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549
	SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT

TO RULE 13d-2(a)
(Amendment No.     )*

 

(Name of Issuer)

 

(Title of Class of Securities)

 

(CUSIP Number)

 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following boxo.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

 

(Continued on following pages)

 

(Page 1 of 5 Pages)

 

* 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 disclosures provided in a prior cover page.

 

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).

 

 

CUSIP No.   025398108					13D	Page 2 of 5 Pages
1	NAMES OF REPORTING PERSON Tryfon Natsis and Despoina Pantopoulou, as Joint Tenants with the Right of Survivorship
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a)	x
	(b)	o
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS) PF, OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   o
6	CITIZENSHIP OR PLACE OF ORGANIZATION GREECE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH			7	SOLE VOTING POWER 0 shares of Common Stock
			8	SHARED VOTING POWER 6,212,573 shares of Common Stock
			9	SOLE DISPOSITIVE POWER 0 shares of Common Stock
			10	SHARED DISPOSITIVE POWER 6,212,573 shares of Common Stock
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 6,212,573 shares of Common Stock
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.2%(1)
14	TYPE OF REPORTING PERSON (See Instructions) IN

 

(1)  This percentage has been calculated based on 50,684,095 shares of American DG Energy Inc. common stock outstanding as of August 11, 2016, as reported in American DG Energy Inc.s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 filed with the Securities and Exchange Commission (the SEC) on August 11, 2016.

 

 

CUSIP No.   025398108

13D

Page 3 of 5 Pages

 

This statement on Schedule 13D is being filed with the SEC by Tryfon Natsis and Despoina Pantopoulou, as Joint Tenants with the Right of Survivorship (together, the Reporting Persons) with respect to the common stock, par value $0.001 per share (the Common Stock), of American DG Energy Inc., a company incorporated under the laws of Delaware (the Issuer).

 

ITEM 1.                    SECURITY AND ISSUER.

 

The class of securities to which this Statement on Schedule 13D relates is the Common Stock of the Issuer.  The principal executive office of the Issuer is 45 First Avenue, Waltham, MA 02451.

 

ITEM 2.                    IDENTITY AND BACKGROUND.

 

(a)         This statement is being filed by Tryfon Natsis and Despoina Pantopoulou, as spouses and Joint Tenants with the Right of Survivorship, as Reporting Persons.

 

(b)         The residential address for each Reporting Person is 36 Chemin Du Milieu, Collonge-Bellerive, Geneva, Switzerland 1245.

 

(c)          Tryfon Natsis is employed as a Senior Trader at Brevan Howard Investment Products Ltd., St. Helier (Jersey) Geneva Branch.  The corporate address of Brevan Howard Investment Products Ltd., St. Helier (Jersey) Geneva Branch, is Rue dItalie 10, 1204 Geneva, Switzerland.  Despoina Pantopoulou is not currently employed.

 

(d)         Neither Reporting Person has, during the last five years, been convicted in a criminal proceeding.

 

(e)          Neither Reporting Person has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

(f)       Each Reporting Person is a citizen of Greece.

 

ITEM 3.                    SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

 

The Reporting Persons are collectively the beneficiaries of an International Pension Plan (an IPP) managed by RBC Corporate Employee & Executive Services.  On January 29, 2016, the Reporting Persons received a distribution from their IPP that consisted of 701,257 shares of Common Stock of the Issuer.

 

On September 27, 2016, the Reporting Persons received a distribution from their IPP that consisted of (i) 920,407 shares of Common Stock of the Issuer and (ii) a 6% Senior Unsecured Debenture Due 2018 with a face value of $10,100,000 (the Debenture).  The Debenture is currently exercisable at a conversion price of $2.20 and may be converted into 4,590,909 shares of Common Stock of the Issuer.  The Debenture will expire on May 25, 2018.

 

ITEM 4.                    PURPOSE OF TRANSACTION.

 

All of the shares of the Issuer beneficially owned by the Reporting Persons and reported in this Schedule 13D were acquired for investment purposes.

 

ITEM 5.                    INTEREST IN SECURITIES OF THE ISSUER.

 

(a)     According to information provided by the Issuer, 50,684,095 shares of the Issuers Common Stock were outstanding as of August 11, 2016, which number excludes the ability of the Reporting Persons to convert the Debenture into 4,590,909 shares of Common Stock of the Issuer within 60 days of August 11, 2016.  As of September 27, 2016, the Reporting Persons directly beneficially own, as Joint Tenants with the Right of Survivorship, 6,212,573 shares, or 11.2% of the shares outstanding, of the Issuers

 

 

CUSIP No.   025398108

13D

Page 4 of 5 Pages

 

Common Stock, including 4,590,909 shares which may be acquired at any time upon the conversion of the Debenture by the Reporting Persons.

 

(b)         Each Reporting Person shares voting and dispositive power of all 6,212,573 of such Reporting Persons shares of the Issuers Common Stock with the other Reporting Person.

 

(c)          On September 27, 2016, the Reporting Persons received a distribution from their IPP that consisted of (i) 920,407 shares of Common Stock of the Issuer and (ii) the Debenture.  The Debenture is currently exercisable at a conversion price of $2.20 and may be converted into 4,590,909 shares of Common Stock of the Issuer.  The Debenture will expire on May 25, 2018.

 

(d)         Inapplicable.

 

(e)      Inapplicable.

 

ITEM 6.                   CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

 

Other than as described above and in Items 3, 4 and 5, there are no contracts, arrangements, understandings or relationships with respect to the securities of the Issuer between the Reporting Persons.

 

ITEM 7.                    MATERIAL TO BE FILED AS EXHIBITS.

 

None.

 

 

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.

 

 

October 7, 2016	/s/ Tryfon Natsis
	Tryfon Natsis, in his capacity as a Joint Tenant with the Right of Survivorship
October 7, 2016	/s/ Despoina Pantopoulou
	Despoina Pantopoulou, in her capacity as a Joint Tenant with the Right of Survivorship