Page 6 of 9 – SEC Filing
| (iii) | Sole power to dispose or to direct the disposition of: 0 | |||
| (iv) | Shared power to dispose or to direct the disposition of: 925,697 | |||
| B. | Keenan Capital GP, LLC | |||
| (a) | Amount beneficially owned: 925,697 shares | |||
| (b) | Percent of Class: 8.9% | |||
| (c) | Number of shares as to which KCGP has: | |||
| (i) | Sole power to vote or to direct the vote: 0 | |||
| (ii) | Shared power to vote or to direct the vote: 925,697 | |||
| (iii) | Sole power to dispose or to direct the disposition of: 0 | |||
| (iv) | Shared power to dispose or to direct the disposition of: 925,697 | |||
| C. | Charles J. Keenan, IV | |||
| (a) | Amount beneficially owned: 925,697 shares | |||
| (b) | Percent of Class: 8.9% | |||
| (c) | Number of shares as to which Mr. Keenan has: | |||
| (i) | Sole power to vote or to direct the vote: 0 | |||
| (ii) | Shared power to vote or to direct the vote: 925,697 | |||
| (iii) | Sole power to dispose or to direct the disposition of: 0 | |||
| (iv) | Shared power to dispose or to direct the disposition of: 925,697 | |||
| The percentage ownership for each of the Reporting Persons is based on 10,350,000 shares of the Issuer’s Class A Common Stock, par value $0.0001 per share (“Class A Shares”), issued and outstanding on March 24, 2017 as disclosed in the Issuer’s most recent Form S-1 Registration Statement filed by the Issuer with the U.S. Securities and Exchange Commission (“SEC”) on March 13, 2017. | ||||
| Keenan Capital Fund, LP (“KCF”) directly owns 925,697 Class A Shares. KCF is controlled by KCGP, which delegates investment decisions to Keenan Capital. KCGP may terminate such delegation at any time and retain the voting and dispositive power over the Class A Shares held by KCF. Accordingly, KCGP may be deemed to be a beneficial owner of such shares. KCGP disclaims beneficial ownership of the Class A Shares by virtue of the delegation of power to Keenan Capital. | ||||
| As the Manager of KCF, and pursuant to the delegation by KCGP referenced above, Keenan Capital has the ultimate voting and dispositive power over the Class A Shares held by KCF, making Keenan Capital a beneficial owner of such shares. As sole owner and Manager of Keenan Capital, as well as the sole owner of KCGP, Mr. Keenan may be deemed to be a beneficial owner of the Class A Shares held by KCF. | ||||
| 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. | ||||
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