Filing Details

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

(Amendment No. 1)

 

STRAIGHT PATH COMMUNICATIONS INC.

(Name of Issuer)

 

Class B Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

862578101

(CUSIP Number)

  

The Patrick Henry Trust DTD July 31 2013

c/o Alliance Trust Company, LLC

5375 Kietzke Lane, 2^nd Floor

Reno, Nevada 89511

Attn: Gregory Crawford, Co-Manager

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

 

April 6, 2017

(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 statement because of Rule 13d-1(e), 13d-1(f) or 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

 

1	NAME OF REPORTING PERSON   Patrick Henry Trust DTD July 31 2013   I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨ (b)  x
3	SEC USE ONLY
4	SOURCE OF FUNDS   N/A
5	CHECK BOX 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   787,163   9         SOLE DISPOSITIVE POWER   -0-   10       SHARED DISPOSITIVE POWER   787,163
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   -0-
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES		¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   6.3%
14	TYPE OF REPORTING PERSON   OO

 

 

SCHEDULE 13D

 

Item 1. Security and Issuer

 

The class of equity securities to which this Statement relates is shares of Class B common stock, par value $.01 per share (the “Shares”), of Straight Path Communications Inc., a Delaware corporation (the “Company”).  The principal executive offices of the Company are located at 5300 Hickory Park Drive, Suite 218, Glen Allen, VA 23059.

 

Item 2. Identity and Background

 

The Patrick Henry TR DTD July 31 2013 (“Trust”) is a trust formed under the laws of Nevada. The Trustee is Alliance Trust Company LLC, a limited liability company organized and existing under the laws of the State of Nevada. The Trustor is Howard S. Jonas. Howard Jonas retains the economic benefit of the Shares, but the Trust retains all voting and dispositive power and control with respect the Shares. The Shares represent the sole assets of the Trust.

 

During the last five years, the Trust has not been convicted in a criminal proceeding. During the last five years, the Trust was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and is not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, nor a finding of any violation with respect to such laws.

 

Item 3. Source and Amount of Funds or Other Consideration

 

Not applicable

 

Item 4. Purpose of Transaction

 

Not applicable.

 

Item 5. Interest in Securities of the Issuer

 

(a) As of the date hereof, the Trust is the beneficial owner of 787,163 shares of Class A common stock which are convertible into Shares on a one for one basis.

 

(b) Along with the Trustor, the Trust shares the power to vote or to direct the vote of 787,163 shares of Class A common stock held by it and shares the power to dispose or to direct the disposition of those 787,163 Shares.

 

(c) On April 6, 2017, the Trust, gifted 1,403,349 Shares to the Howard S. Jonas 2017 Annuity Trust. The Trustor is the trustee of such trust.

 

(d) The Trustor has the right to receive the economic benefit of any dividends paid with respect to the Class A common stock.

 

(e) Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer  

 

Not applicable.

 

Item 7. Material to be Filed as Exhibits

 

Not applicable.

 

 

SIGNATURES

 

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: April 10, 2017

 

By: Alliance Trust Company, LLC, Trustee
/s/ Gregory Crawford
Gregory Crawford
Co-Manager

 

 

 

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