13D Filing: Van Steenwyk Matthew and American Power Group Corp (APGI)

Published on January 20, 2016 at 11:39 am by Meena Krishnamsetty in Hedge Funds,News

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In a recently filed 13D, Van Steenwyk Matthew disclosed holding 54.62 million shares of American Power Group Corp (OTCMKTS:APGI). The position represents nearly 55% of the class and the activist nature of the filing suggests that the investor has engaged in the past or might engage in discussions with the board of directors and the company’s management related to the business course of American Power Group. Moreover, the Item 4 of the filing stated:

“On January 8, 2016, the Company and certain accredited investors (the “Purchasers”) entered into the Purchase Agreement, pursuant to which the Company issued 22 shares (the “Shares”) of the Company’s Series D Convertible Preferred Stock (the “Series D Preferred Stock”) at a purchase price of $100,000 per share. Each share of Series D Preferred Stock is convertible, at any time at the option of the holder, into 1,000,000 shares of common stock, par value $0.01 per share, of the Company (the “Common Stock”).”

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Matthew van Steenwyk	5,538,053	54,080,093	5,538,053	54,080,093	59,618,146	54.9%
Betty Van Steenwyk	0	1,000	0	1,000	1,000	Less than 0.1%
Arrow, LLC		54,079,093		54,079,093	54,079,093	49.9%

Page 1 of 10 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Amendment No. 5)

Under the Securities Exchange Act of 1934

American Power Group Corporation

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

395379 30 8

(CUSIP Number)

Matthew van Steenwyk

Paradise Road, Suite 3604

Las Vegas, NV 89109

(805) 441-7178

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

January 8, 2016

(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 ☐.

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).

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