Filing Details
- Accession Number:
- 0001193125-18-045793
- Form Type:
- 13G Filing
- Publication Date:
- 2018-02-14 17:03:10
- Filed By:
- Head Tyler W. K.
- Company:
- Elevate Credit Inc.
- Filing Date:
- 2018-02-14
- SEC Url:
- 13G Filing
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 |
|---|---|---|---|---|---|---|
| Tyler W. K. Head | 10,112 | 3,182,327 | 10,112 | 1,400 | 3,192,439 | 7.6% |
| The Tyler W. K. Head Trust dated March | 0 | 3,180,927 | 0 | 0 | 3,180,927 | 7.5% |
| Linda Stinson | 2,702,275 | 0 | 2,702,275 | 3,180,927 | 5,883,202 | 14.0% |
| Linda Mike Stinson Irrevocable Asset Trust | 0 | 0 | 0 | 3,180,927 | 3,180,927 | 7.5% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G*
Under the Securities Exchange Act of 1934
ELEVATE CREDIT, INC.
(Name of Issuer)
Common Stock, par value $0.0004 per share
(Title of Class of Securities)
28621V 101
(CUSIP Number)
December 31, 2017
(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)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
| * | 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 the disclosures provided in a prior cover page. |
The information required in 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. 28621V 101
| (1) | Names of reporting persons
Tyler W. K. Head | |||||
| (2) | Check the appropriate box if a member of a group (see instructions)
(a) ☐ (b) ☒(1) | |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
U.S.A. | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power
10,112 | ||||
| (6) | Shared voting power
3,182,327 (2) | |||||
| (7) | Sole dispositive power
10,112 | |||||
| (8) | Shared dispositive power
1,400 (3) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person
3,192,439 | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
| (11) | Percent of class represented by amount in Row (9)
7.6% | |||||
| (12) | Type of reporting person (see instructions)
IN | |||||
| (1) | This Schedule 13G is filed by Tyler W. K. Head, The Tyler W. K. Head Trust dated March 20, 2014, Linda Stinson, and Linda & Mike Stinson Irrevocable Asset Trust (collectively, the Reporting Persons). The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G. |
| (2) | Consists of (a) 3,180,927 shares held by The Tyler W. K. Head Trust dated March 20, 2014 (the Voting Trust), which has voting power over the shares held by the Linda & Mike Stinson Irrevocable Asset Trust, and of which Mr. Head is the voting trustee, and (b) 1,400 shares owned by Mr. Heads spouse. Mr. Head as a trustee has no pecuniary interest in the Voting Trust shares. |
| (3) | Consists of 1,400 shares held by Mr. Heads spouse. |
CUSIP No. 28621V 101
| (1) | Names of reporting persons
The Tyler W. K. Head Trust dated March 20, 2014 | |||||
| (2) | Check the appropriate box if a member of a group (see instructions)
(a) ☐ (b) ☒(1) | |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
U.S.A. | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power
0 | ||||
| (6) | Shared voting power
3,180,927 | |||||
| (7) | Sole dispositive power
0 | |||||
| (8) | Shared dispositive power
0 | |||||
| (9) | Aggregate amount beneficially owned by each reporting person
3,180,927 | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
| (11) | Percent of class represented by amount in Row (9)
7.5% | |||||
| (12) | Type of reporting person (see instructions)
OO (Trust) | |||||
| (1) | This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G. |
CUSIP No. 28621V 101
| (1) | Names of reporting persons
Linda Stinson | |||||
| (2) | Check the appropriate box if a member of a group (see instructions)
(a) ☐ (b) ☒(1) | |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
U.S.A. | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power
2,702,275 | ||||
| (6) | Shared voting power
0 | |||||
| (7) | Sole dispositive power
2,702,275 | |||||
| (8) | Shared dispositive power
3,180,927 (2) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person
5,883,202 | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
| (11) | Percent of class represented by amount in Row (9)
14.0% | |||||
| (12) | Type of reporting person (see instructions)
IN | |||||
| (1) | This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G. |
| (2) | Consists of 3,180,927 shares held by The Tyler W. K. Head Trust dated March 20, 2014, over which the Linda & Mike Stinson Irrevocable Asset Trust retains dispositive power. Linda Stinson is the trustee of the Linda & Mike Stinson Irrevocable Asset Trust. |
CUSIP No. 28621V 101
| (1) | Names of reporting persons
Linda & Mike Stinson Irrevocable Asset Trust | |||||
| (2) | Check the appropriate box if a member of a group (see instructions)
(a) ☐ (b) ☒(1) | |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
U.S.A. | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power
0 | ||||
| (6) | Shared voting power
0 | |||||
| (7) | Sole dispositive power
0 | |||||
| (8) | Shared dispositive power
3,180,927 (2) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person
3,180,927 | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
| (11) | Percent of class represented by amount in Row (9)
7.5% | |||||
| (12) | Type of reporting person (see instructions)
OO (Trust) | |||||
| (1) | This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G. |
| (2) | Consists of 3,180,927 shares held by The Tyler W. K. Head Trust dated March 20, 2014, over which the Linda & Mike Stinson Irrevocable Asset Trust retains dispositive power. Linda Stinson is the trustee of the Linda & Mike Stinson Irrevocable Asset Trust. |
CUSIP No. 28621V 101
| Item 1(a). | Name of Issuer: |
Elevate Credit, Inc.
| Item 1(b). | Address of Issuers Principal Executive Offices: |
4150 International Plaza, Suite 300
Fort Worth, Texas 76109
| Item 2(a). | Name of Persons Filing |
Tyler W. K. Head
The Tyler W. K. Head Trust dated March 20, 2014
Linda Stinson
Linda & Mike Stinson Irrevocable Asset Trust
| Item 2(b). | Address of Principal Business Office or, if None, Residence |
C/o Elevate Credit Inc.
4150 International Plaza, Suite 300
Fort Worth, Texas 76109
| Item 2(c). | Citizenship |
U.S.A.
| Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.0004 per share (the Common Stock)
| Item 2(e). | CUSIP Number: |
28621V 101
| Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
Not Applicable
| (a) | ☐ | Broker or dealer registered under Section 15 of the Exchange Act. | ||
| (b) | ☐ | Bank as defined in Section 3(a)(6) of the Exchange Act. | ||
| (c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Exchange Act. | ||
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act. | ||
| (e) | ☐ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). | ||
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). | ||
CUSIP No. 28621V 101
| (g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). | ||
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. | ||
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. | ||
| (j) | ☐ | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). | ||
| (k) | ☐ | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: | ||
| Item 4. | Ownership |
| (a) | Amount beneficially owned: |
Tyler W. K. Head
3,192,439 shares. Consists of (i) 10,112 shares held by Mr. Head, (ii) 3,180,927 shares held by The Tyler W.K. Head Trust dated March 20, 2014, a voting trust of which Mr. Head is the voting trustee with the power to vote such shares but not the power to dispose of such shares and (iii) 1,400 shares held by Hannah Stinson Head. Mr. Head is the spouse of Hannah Stinson Head and may be deemed by the SEC under Rule 13d-3 of the Exchange Act to have shared voting power and shared power to dispose of shares held by Hannah Stinson Head.
The Tyler W. K. Head Trust Dated March 20, 2014
3,180,927 shares.
Linda Stinson
5,883,202 shares. Includes 3,180,927 shares held by The Tyler W.K. Head Trust dated March 20, 2014, over which the Linda and Mike Stinson Irrevocable Asset Trust retains dispositive power, and may be deemed by the SEC under Rule 13d-3 of the Exchange Act to be beneficially owned by Linda Stinson, the trustee of the Linda and Mike Stinson Irrevocable Asset Trust.
Linda & Mike Stinson Irrevocable Asset Trust
3,180,927 shares. Consists of 3,180,927 shares held by The Tyler W.K. Head Trust dated March 20, 2014, over which the Linda and Mike Stinson Irrevocable Asset Trust retains dispositive power.
| (b) | Percent of class: |
Tyler W. K. Head
Approximately 7.6% of the shares of Common Stock outstanding as of December 31, 2017, assuming 42,165,524 shares outstanding as of December 31, 2017.
The Tyler W. K. Head Trust Dated March 20, 2014
Approximately 7.5% of the shares of Common Stock outstanding as of December 31, 2017, assuming 42,165,524 shares outstanding as of December 31, 2017.
CUSIP No. 28621V 101
Linda Stinson
Approximately 14.0% of the shares of Common Stock outstanding as of December 31, 2017, assuming 42,165,524 shares outstanding as of December 31, 2017.
Linda & Mike Stinson Irrevocable Asset Trust
Approximately 7.5% of the shares of Common Stock outstanding as of December 31, 2017, assuming 42,165,524 shares outstanding as of December 31, 2017.
| (c) | Number of shares as to which such person has: |
(i) Sole power to vote or to direct the vote
Tyler W.K. Head: 10,112
The Tyler W. K. Head Trust Dated March 20, 2014: 0
Linda Stinson: 2,702,275
Linda & Mike Stinson Irrevocable Asset Trust: 0
(ii) Shared power to vote or to direct the vote
Tyler W. K. Head: 3,182,327
The Tyler W. K. Head Trust Dated March 20, 2014: 3,180,927
Linda Stinson: 0
Linda & Mike Stinson Irrevocable Asset Trust: 0
(iii) Sole power to dispose or to direct the disposition of
Tyler W. K. Head: 10,112
The Tyler W. K. Head Trust Dated March 20, 2014: 0
Linda Stinson: 2,702,275
Linda & Mike Stinson Irrevocable Asset Trust: 0
(iv) Shared power to dispose or to direct the disposition of
Tyler W. K. Head: 1,400
The Tyler W. K. Head Trust Dated March 20, 2014: 3,180,927
Linda Stinson: 3,180,927
Linda & Mike Stinson Irrevocable Asset Trust: 3,180,927
| 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.
CUSIP No. 28621V 101
| Item 7. | Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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. |
Not applicable.
EXHIBIT INDEX
| Exhibit No. | Document | |
| 1 | Power of Attorney Tyler W. K. Head | |
| 2 | Power of Attorney The Tyler W. K. Head Trust dated March 20, 2014 | |
| 3 | Power of Attorney Linda Stinson | |
| 4 | Power of Attorney Linda & Mike Stinson Irrevocable Asset Trust | |
CUSIP No. 28621V 101
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Dated: February 14, 2018 | ||||||
| * | ||||||
| Tyler W. K. Head | ||||||
| Dated: February 14, 2018 | THE TYLER W. K. HEAD TRUST DATED MARCH 20, 2014 | |||||
| * | ||||||
| Name: Tyler W. K. Head Title: Voting Trustee | ||||||
| Dated: February 14, 2018 | ||||||
| * | ||||||
| Linda Stinson | ||||||
| Dated: February 14, 2018 | LINDA & MIKE STINSON IRREVOCABLE ASSET TRUST | |||||
| * | ||||||
| Name: Linda Stinson | ||||||
| Title: Trustee | ||||||
| *By: | /s/ Corin Erby | |||||||
| Corin Erby, as attorney-in-fact | ||||||||