13D Filing: Sovereign Holdings Inc. and Top Ships Inc. (NASDAQ:TOPS)

Page 2 of 14 – SEC Filing

CUSIP No.
Y8897Y156
1.
NAME OF REPORTING PERSONS
Family Trading Inc.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[_]
3.
SEC USE ONLY
4.
SOURCE OF FUNDS
OO
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of the Marshall Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
2,203,869 (1)
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
2,203,869 (1)
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,203,869
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.3% (2)
14.
TYPE OF REPORTING PERSON
CO
(1) Represents 2,132,816 Common Shares (defined in Item 1 below) currently held by Family Trading Inc. and 71,053 Common Shares issuable upon the conversion of $0.05 million of outstanding debt held by Family Trading Inc. under the Amended Family Trading Credit Facility (defined in Item 3 below).
(2)  See Item 5(a).
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