Filing Details

 

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

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-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 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).

 

 

 

(1)   Based on 17,682,903 shares of common stock issued and outstanding as of November 10, 2016, as reported by the issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2016.

 

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CUSIP No.  913384103

SCHEDULE 13D

 

This Amendment No. 1 (the Amendment) relates to the Statement of Beneficial Ownership of Schedule 13D filed jointly by Wolf Creek Partners, L.P. (Wolf Creek) and  Wellington Alternative Investments LLC (formerly Wellington Hedge Management, LLC) (WAIL) with the Securities and Exchange Commission on January 7, 2013 (as further amended by this Amendment, the Schedule 13D) with respect to the Common Stock of JetPay Corporation (formerly Universal Business Payment Solutions Acquisition Corporation) (the Company).

 

Except as set forth below, all items on the Schedule 13D remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings given to such terms in the Schedule 13D.

 

Item 4.   Purpose of Transaction

 

Item 4 is hereby amended and supplemented to add the following:

 

On January 12, 2017, Wolf Creek exercised the Option, pursuant to which it purchased 198,427 shares of Common Stock at a purchase price of $0.005 per share.

 

Item 5.   Interest in Securities of the Issuer

 

Item 5 (a), (b), (c) and (e) are hereby amended and restated as follows:

 

(a)         and (b)

 

(i)            As of the date hereof, Wolf Creek is the beneficial owner of 719,734 shares of Common Stock.  Such shares represent beneficial ownership of 4.1% of the issued and outstanding shares of Common Stock of the Company, based on 17,682,903 shares of Common Stock issued and outstanding on November 10, 2016.  Wolf Creek has shared power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock beneficially owned by Wolf Creek as indicated herein.

 

(ii)           As of the date hereof, WAIL does not beneficially own any shares of Common Stock of the Company.

 

(c)           No transactions were effected by the reporting persons during the 60 day period immediately preceding January 12, 2017, other than as set forth in Item 4.

 

(e)          (i) Wolf Creek ceased to be the beneficial owner of more than 5.0% of the Common Stock as of August 11, 2016, as a result of an increase in the issued and outstanding Common Stock of the Company as reported in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 15, 2016. Accordingly, following the filing of this Amendment, Wolf Creek will no longer be a reporting person with respect to this Schedule 13D.

 

(ii)           Pursuant to a restructuring effective January 1, 2015, from and after such date, WAIL no longer had beneficial ownership of securities held by Wolf Creek and such beneficial

 

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CUSIP No.  913384103

SCHEDULE 13D

 

ownership was vested solely in Wellington Management Company LLP, the investment adviser to Wolf Creek. As a result, as of such date, WAIL ceased to be the beneficial owner of more than 5.0% of the Common Stock. Accordingly, following the filing of this Amendment, WAIL will no longer be a reporting person with respect to this Schedule 13D.

 

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CUSIP No.  913384103

SCHEDULE 13D

 

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.

 

Dated:    January 17, 2017

 

 

	WOLF CREEK PARTNERS, L.P.
	By:	Wellington Alternative Investments LLC,
		Its General Partner
	By:	/s/ Matthew N. Shea
		Name: Matthew N. Shea
		Title: Authorized Person
	WELLINGTON ALTERNATIVE INVESTMENTS LLC
	By:	/s/ Matthew N. Shea
		Name: Matthew N. Shea
		Title: Authorized Person

 

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