Filing Details
- Accession Number:
- 0001654954-16-004934
- Form Type:
- 13G Filing
- Publication Date:
- 2016-12-16 10:31:31
- Filed By:
- Honig Jonathan
- Company:
- Gigamedia Ltd (NASDAQ:GIGM)
- Filing Date:
- 2016-12-16
- 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 |
|---|---|---|---|---|---|---|
| Jonathan Honig | 444,540 | 190,320 | 444,540 | 479,990 | 924,530 | 8.37% |
| Titan Multi-Strategy Fund, Inc | 0 | 22,000 | 0 | 22,000 | 22,000 | 0.20% |
| Titan Multi-Strategy Fund, Inc. Profit Sharing Plan | 0 | 168,320 | 0 | 168,320 | 168,320 | 1.52% |
Filing
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, DC
20549
Amendment No. 2
To
SCHEDULE
13G
(Rule 13d-102)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT
TO
RULE 13d-2(b)
GIGAMEDIA LIMITED
(Name
of Issuer)
COMMON
STOCK
(Title
of Class of Securities)
Y2711Y112
(CUSIP
Number)
December 16,
2016
(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)
[x]
Rule 13d-1(c)
[ ]
Rule 13d-1(d)
| CUSIP
No. Y2711Y112 |
| 1 | NAME OF
REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY) Jonathan
Honig |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
☐
(b) ☐ |
| 3 | SEC USE
ONLY |
| 4 | CITIZENSHIP OR
PLACE OF ORGANIZATION United
States |
| NUMBER
OF SHARES | 5 | SOLE
VOTING POWER 444,540(1) |
| BENEFICIALLY OWNED
BY | 6 | SHARED
VOTING POWER 190,320(2)(3) |
| EACH REPORTING | 7 | SOLE
DISPOSITIVE POWER 444,540(1) |
| PERSON
WITH | 8 | SHARED
DISPOSITIVE POWER 479,990(2)(3)(4) |
| 9 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 924,530(1)(2)(3)(4) |
| 10 | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) ☑ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.37%
(based on 11,052,235 shares outstanding as of December 15,
2016) |
| 12 | TYPE OF
REPORTING PERSON IN |
(1)
Includes (i) 5,000
shares held by Mr. Honig as UTMA custodian for Morgan Honig, (ii)
5,260 shares held by Mr. Honig as UTMA custodian for Skylar Honig
and (iii) 5,980 shares held by Mr. Honig as UTMA custodian for Jett
Honig.
(2)
Includes (i) 22,000
shares held by Titan Multi-Strategy Fund, Inc.
(“Titan”) and (ii) 168,320 shares held by Titan
Multi-Strategy Fund, Inc. Profit Sharing Plan (the
“Plan”). Mr. Honig is the President of Titan
Multi-Strategy Fund, Inc. and trustee of the Plan, and, in such
capacities, has voting and dispositive power over the securities
held by such entities.
(3)
Includes (i) 57,870
shares held by Ronald Low, (ii) 50,000 shares held by Cynthia Low
TR FBO Ronald Low Trust UA July 9, 2013, (iii) 175,000 shares held
by Ronald Brian Low IRA TD Ameritrade Clearing, Custodian, (iv)
2,900 shares held by Cynthia Low and (iv) 3,900 shares held by
Cynthia Low IRA TD Ameritrade Clearing, Custodian. Ronald Low and
Cynthia Low are Mr. Honig’s father-in-law and mother-in-law,
respectively, and Mr. Honig has dipositive power of the securities
held by the foregoing.
(4)
Excludes 37,200
shares beneficially owned by Mr. Honig’s wife to which the
Reporting Person disclaims beneficial ownership.
| CUSIP
No. Y2711Y112 |
| 1 | NAME OF
REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY) Titan
Multi-Strategy Fund, Inc. IRS Identification No: 20-254093 |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
☐
(b) ☐ |
| 3 | SEC USE
ONLY |
| 4 | CITIZENSHIP OR
PLACE OF ORGANIZATION Florida |
| NUMBER
OF SHARES | 5 | SOLE
VOTING POWER 0 |
| BENEFICIALLY OWNED
BY | 6 | SHARED
VOTING POWER 22,000(1) |
| EACH REPORTING | 7 | SOLE
DISPOSITIVE POWER 0 |
| PERSON
WITH | 8 | SHARED
DISPOSITIVE POWER 22,000(1) |
| 9 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,000(1) |
| 10 | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.20%
(based on 11,052,235 shares outstanding as of December 15,
2016) |
| 12 | TYPE OF
REPORTING PERSON CO |
(1)
Mr. Honig is the
President of Titan, and, in such capacity, has voting and
dispositive power over the securities held by Titan.
| CUSIP
No. Y2711Y112 |
| 1 | NAME OF
REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY) Titan
Multi-Strategy Fund, Inc. Profit Sharing Plan |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
☐
(b) ☐ |
| 3 | SEC USE
ONLY |
| 4 | CITIZENSHIP OR
PLACE OF ORGANIZATION Florida |
| NUMBER
OF SHARES | 5 | SOLE
VOTING POWER 0 |
| BENEFICIALLY OWNED
BY | 6 | SHARED
VOTING POWER 168,320(1) |
| EACH REPORTING | 7 | SOLE
DISPOSITIVE POWER 0 |
| PERSON
WITH | 8 | SHARED
DISPOSITIVE POWER 168,320(1) |
| 9 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 168,320(1) |
| 10 | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.52%
(based on 11,052,235 shares outstanding as of December 15,
2016) |
| 12 | TYPE OF
REPORTING PERSON OO |
(1)
Mr. Honig is the
trustee of the Plan, and, in such capacity, has voting and
dispositive power of securities held by the Plan.
Item
1(a).
Name of Issuer:
GigaMedia
Limited (“Issuer”)
Item
1(b).
Address of Issuer's Principal Executive Offices:
8F, No. 22, Lane 407, Sec. 2, Tiding Boulevard, Neihu
District, Taipei 114, Taiwan (R.O.C.)
Item
2(a).
Name of Person Filing.
The
statement is filed on behalf of Jonathan Honig, Titan
Multi-Strategy Fund, Inc. and Titan Multi-Strategy Fund, Inc.
Profit Sharing Plan (collectively, the “Reporting
Person”).
Item
2(b).
Address of Principal Business Office or, if None,
Residence.
555
South Federal Highway #450, Boca Raton, FL 33432
Item
2(c).
Citizenship.
Jonathan
Honig is a citizen of the United States. Both Titan Multi-Strategy
Fund, Inc. (“Titan”) and Titan Multi-Strategy Fund,
Inc. Profit Sharing Plan (the “Plan”) are incorporated
in the State of Florida.
Item
2(d).
Title of Class of Securities.
Common
Stock, no par value.
Item
2(e).
CUSIP Number.
Y2711Y112
Item
3.
Type of Person
Not
applicable.
Item
4.
Ownership.
(a)
Amount beneficially owned: 924,530 (1)(2)(3)(4)
(b)
Percent of class: 8.37% (based on 11,052,235 shares outstanding as
of December 15, 2016)
(c)
Number of shares as to which the person has:
(i)
Sole power to vote or to direct the vote: 444,540(1)
(ii)
Shared power to vote or to direct the vote:
190,320(2)(3)
(iii)
Sole power to dispose or to direct the disposition of: 444,540
(1)
(iv)
Shared power to dispose or to direct the disposition of: 479,990
(2)(3)(4)
(1)
Includes (i) 5,000
shares held by Mr. Honig as UTMA custodian for Morgan Honig, (ii)
5,260 shares held by Mr. Honig as UTMA custodian for Skylar Honig
and (iii) 5,980 shares held by Mr. Honig as UTMA custodian for Jett
Honig.
(2)
Includes (i) 22,000
shares held by Titan and (ii) 168,320 shares held by the Plan. Mr.
Honig is the President of Titan and trustee of the Plan, and, in
such capacities, has voting and dispositive power over the
securities held by such entities.
(3)
Includes (i) 57,870
shares held by Ronald Low, (ii) 50,000 shares held by Cynthia Low
TR FBO Ronald Low Trust UA July 9, 2013, (iii) 175,000 shares held
by Ronald Brian Low IRA TD Ameritrade Clearing, Custodian, (iv)
2,900 shares held by Cynthia Low and (iv) 3,900 shares held by
Cynthia Low IRA TD Ameritrade Clearing, Custodian. Ronald Low and
Cynthia Low are Mr. Honig’s father-in-law and mother-in-law,
respectively, and Mr. Honig has dipositive power of the securities
held by the foregoing.
(4)
Excludes 37,200
shares beneficially owned by Mr. Honig’s wife to which the
reporting person disclaims beneficial ownership.
Item
5.
Ownership of Five Percent or Less of a
Class.
Not
applicable.
Item
6.
Ownership of More than Five Percent on Behalf of
Another Person.
Not
applicable.
Item
7.
Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported by the Parent
Holding Company.
Not
applicable.
Item
8.
Identification and Classification of Members of
the Group.
Not
applicable.
Item
9.
Notice of Dissolution of Group.
Not
applicable.
Item
10.
Certifications.
By
signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
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 that purpose or
effect.
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.
| | | | | |
| | | Jonathan
Honig | | |
| | | | | |
| Date:
December 16, 2016 | | /s/ Jonathan
Honig | | |
| | | Jonathan
Honig | | |
| | | Titan
Multi-Strategy Fund, Inc. | |
| | | | |
| Date:
December 16, 2016 | By: | /s/ Jonathan
Honig | |
| | | Jonathan
Honig, President | |
| | By: | Titan
Multi-Strategy Fund, Inc. Profit Sharing Plan | |
| | | | |
| Date:
December 16, 2016 | | /s/ Jonathan
Honig | |
| | | Jonathan
Honig, Trustee | |