Filing Details
- Accession Number:
- 0001654954-16-004577
- Form Type:
- 13D Filing
- Publication Date:
- 2016-12-05 14:18:11
- Filed By:
- Ottley Properties, Llc
- Company:
- Ckx Lands Inc. (NYSEMKT:CKX)
- Filing Date:
- 2016-12-05
- 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 |
|---|---|---|---|---|---|---|
| Ottley Properties | 364,398 | 0 | 364,398 | 0 | 364,398 | 18.8% |
| Michael B. White | 0 | 364,398 | 0 | 364,398 | 364,398 | 18.8% |
Filing
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No. 3)*
| CKX
Lands, Inc. |
| (Name of
Issuer) |
| Common Stock, no
par value |
| (Title of Class of Securities) |
| 12562N104 |
| (CUSIP
Number) |
| Michael B.
White Ottley Properties,
LLC 337 Metairie Road,
Suite 202 Metairie,
Louisiana 70005 (504)
833-7900 |
| (Name, address and telephone number of
person authorized to receive notices and
communications) |
| November
23, 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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or
Rule 13d-1(g), check the following box .☑
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.
————————————————
*The remainder of
this cover page shall be filled out for a reporting person’s
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 on the remainder of this cover page shall not be deemed to
be “filed” for 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.
12562N104 | SCHEDULE
13D | Page 2
of 6 Pages |
| 1 | NAME OF REPORTING
PERSONS Ottley Properties,
LLC | |||
| 2 | CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
☐ (b)
☐ | |||
| 3 | SEC USE
ONLY | |||
| 4 | SOURCE OF
FUNDS WC | |||
| 5 | CHECK BOX IF
DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) or 2(e) ☐ | |||
| 6 | CITIZENSHIP OR
PLACE OF ORGANIZATION State of
Delaware | |||
| NUMBER
OF | 7 | SOLE VOTING
POWER |
364,398 | |
| SHARES BENEFICIALLY | 8 | SHARED VOTING
POWER | 0 | |
| OWNED
BY EACH | 9 | SOLE DISPOSITIVE
POWER |
364,398 | |
| REPORTING PERSON
WITH | 10 | SHARED DISPOSITIVE
POWER | 0 | |
| 11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 364,398 | |||
| 12 | CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ☐ | |||
| 13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 18.8%* | |||
| 14 | TYPE OF REPORTING
PERSON OO | |||
* Based on
1,942,495 total shares outstanding as reported in the
Issuer’s Form 10-Q for the fiscal quarter ending on September
30, 2016.
2
| CUSIP No.
12562N104 | SCHEDULE
13D | Page 3
of 6 Pages |
| 1 | NAME OF REPORTING
PERSONS Michael B.
White | |||
| 2 | CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
☐ (b)
☐ | |||
| 3 | SEC USE
ONLY | |||
| 4 | SOURCE OF
FUNDS N/A | |||
| 5 | CHECK BOX IF
DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) or 2(e) ☐ | |||
| 6 | CITIZENSHIP OR
PLACE OF ORGANIZATION United
States | |||
| NUMBER
OF | 7 | SOLE VOTING
POWER | 0 | |
| SHARES BENEFICIALLY | 8 | SHARED VOTING
POWER |
364,398 | |
| OWNED
BY EACH | 9 | SOLE DISPOSITIVE
POWER | 0 | |
| REPORTING PERSON
WITH | 10 | SHARED DISPOSITIVE
POWER |
364,398 | |
| 11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 364,398* | |||
| 12 | CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ☐ | |||
| 13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 18.8%** | |||
| 14 | TYPE OF REPORTING
PERSON IN | |||
* Michael B. White,
as the sole manager of Ottley Properties, LLC, may be deemed to
share voting and investment power over the shares held by Ottley
Properties, LLC.
** Based on
1,942,495 total shares outstanding as reported in the
Issuer’s Form 10-Q for the fiscal quarter ending on September
30, 2016.
3
| CUSIP No.
12562N104 | SCHEDULE
13D | Page 4
of 6 Pages |
This Amendment No.
3 to Schedule 13D relates to the common stock, no par
value per share (the “Common Stock”) of CKX Lands,
Inc., a Louisiana corporation (the “Issuer”) and amends
the Schedule 13D filed by the Reporting Persons on September 5,
2013, as amended by Amendment No. 1 filed on April 15,
2014 and Amendment No. 2 filed on March 2, 2015
("the “Initial
Statement”). Except as specifically amended by
this Amendment No. 3, the Initial Statement remains in
full force and effect.
Item
5. Interest in Securities of the Issuer.
Items 5(a) and (b)
are hereby amended and restated in their entirety as
follows:
(a) As
of the date of this filing, the Reporting Persons are the
beneficial owner of 364,398 shares, representing
18.8% of the aggregate Common Stock
outstanding.
(b) Ottley
is the direct owner of all 364,398 shares reported,
with sole power to vote and dispose of all reported
shares. However, Michael B. White, as the sole manager
of Ottley, may be deemed to share voting and dispositive power over
the 364,398 shares owned directly by
Ottley.
The following
disclosure is hereby appended to Item 5(c) of the Initial
Statement:
(c)
A total of seven
transactions in the Issuer’s Common Stock were transacted
during the sixty-day period prior to the date of the filing of
Amendment No. 3, all of which were purchases on the open
market:
|
Purchase Date | |
Number of Shares | |
Price per Share |
| 10/3/2016 | | 400 | | $
10.9249 |
| 10/4/2016 | | 161 | | $
10.65 |
| 10/5/2016 | | 252 | | $
10.7204 |
| 10/10/2016 | | 373 | | $
10.8638 |
| 10/27/2016 | | 202 | | $
10.7985 |
| 11/8/2016 | | 305 | | $
10.75 |
| 11/23/2016 | | 4,668 | | $
10.8877 |
Item
7. Material to Be Filed as Exhibits.
A
A written agreement
relating to the filing of a joint statement as required by Rule
13d-1(f) under the Exchange Act.
4
SIGNATURES
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.
| | | | |
| | | | |
| Date: December 5,
2016 | | /s/ Michael B.
White | |
| | | Michael B.
White | |
| | | | |
| | | | |
| | Ottley Properties,
LLC | | |
| | | | |
| Date:
December 5, 2016 | By: | /s/
Michael B. White | |
| | | Michael B. White,
Sole Manager | |
5
EXHIBIT
A
JOINT
FILING AGREEMENT
The undersigned
agree that this Amendment No. 3 to Schedule 13D dated
as of November 23, 2016 relating to the shares of
common stock, no par value per share, of CKX Lands, Inc., to which
this Joint Filing Agreement is attached as Exhibit A, shall be
filed on behalf of the undersigned.
| | | | |
| | | | |
| | | /s/ Michael B.
White | |
| | | Michael B.
White | |
| | | | |
| | | | |
| | Ottley Properties,
LLC | | |
| | | | |
| | By: | /s/
Michael B. White | |
| | | Michael B. White,
Sole Manager | |
6