Filing Details

Accession Number:
0000921895-18-003308
Form Type:
13D Filing
Publication Date:
2018-12-14 17:00:27
Filed By:
Pessin Norman H
Company:
Ictv Brands Inc. (OTCMKTS:ICTV)
Filing Date:
2018-12-14
SEC Url:
13D Filing
Ownership Summary

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
NORMAN H. PESSIN 2,240,484 2,240,484 2,240,484 4.2%
SANDRA F. PESSIN 5,171,980 5,171,980 5,171,980 9.7%
BRIAN L. PESSIN 402,900 402,900 402,900 Less than 1%
DIANA S. PESSIN 52,200 52,200 52,200 Less than 1%
Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 7)1

ICTV Brands, Inc.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

44931J100

(CUSIP Number)

Norman H. Pessin

Sandra F. Pessin

Brian L. Pessin

Diana S. Pessin

500 Fifth Avenue, Suite 2240

New York, NY 10110

(212) 661-2670

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

December 12, 2018

(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 ¨.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

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).

 
  1   NAME OF REPORTING PERSON  
         
        NORMAN H. PESSIN  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        PF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         2,240,484  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          2,240,484  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        2,240,484  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        4.2%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

  

2
  1   NAME OF REPORTING PERSON  
         
        SANDRA F. PESSIN  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        PF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         5,171,980  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          5,171,980  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        5,171,980  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        9.7%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

  

3

 

  1   NAME OF REPORTING PERSON  
         
        BRIAN L. PESSIN  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        PF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         402,900  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          402,900  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        402,900  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

  

4

 

  1   NAME OF REPORTING PERSON  
         
        DIANA S. PESSIN  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF, OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         52,200  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          52,200  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        52,200  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

  

5

 

The following constitutes Amendment No. 7 to the Schedule 13D filed by the undersigned (“Amendment No. 7”).

This Amendment No. 7 amends the Schedule 13D as specifically set forth herein.

Item 3.Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended and restated to read as follows:

The aggregate purchase price of the 2,240,484 Shares beneficially owned by Norman H. Pessin is approximately $1,276,496, including brokerage commissions. The Shares owned by Norman H. Pessin were acquired with personal funds in open market purchases.

The aggregate purchase price of the 5,171,980 Shares beneficially owned by Sandra F. Pessin, is approximately $1,816,804, including brokerage commissions. The Shares beneficially owned by Sandra F. Pessin were acquired with personal funds directly from the Issuer.

The aggregate purchase price of the 402,900 Shares beneficially owned by Brian L. Pessin, is approximately $738,535.82 including brokerage commissions. The Shares beneficially owned by Brian L. Pessin were acquired with personal funds in open market purchases.

The aggregate purchase price of the 52,200 Shares beneficially owned by Diana S. Pessin is approximately $38,385, including brokerage commissions. The Shares owned by Diana S. Pessin were acquired with personal funds in open market purchases.

Item 5.Interest in Securities of the Issuer.

Items 5(a) – (c) are hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 53,140,700 Shares outstanding as of November 15, 2018, which is the total number of Shares reported outstanding in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 19, 2018.

A.Norman H. Pessin
(a)As of the close of business on December 13, 2018, Norman H. Pessin beneficially owned 2,240,484 Shares.

Percentage: Approximately 4.2%

(b)1. Sole power to vote or direct vote: 2,240,484
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,240,484
4. Shared power to dispose or direct the disposition: 0

 

(c)Norman H. Pessin has not entered into any transactions in the Shares since the filing of Amendment No. 6 to the Schedule 13D.
6

 

B.Sandra F. Pessin
(a)As of the close of business on December 13, 2018, Sandra F. Pessin beneficially owned 5,171,980 Shares.

Percentage: Approximately 9.7%

(b)1. Sole power to vote or direct vote: 5,171,980
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 5,171,980
4. Shared power to dispose or direct the disposition: 0

 

(c)Sandra F. Pessin has not entered into any transactions in the Shares since the filing of Amendment No. 6 to the Schedule 13D.
C.Brian L. Pessin
(a)As of the close of business on December 13, 2018, Brian L. Pessin beneficially owned 402,900 Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 402,900
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 402,900
4. Shared power to dispose or direct the disposition: 0

 

(c)The transactions in the Shares by Brian L. Pessin since the filing of Amendment No. 6 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

 

D.Diana S. Pessin
(b)As of the close of business on December 13, 2018, Diana S. Pessin beneficially owned 52,200 Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 52,200
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 52,200
4. Shared power to dispose or direct the disposition: 0

 

(c)The transaction in the Shares by Diana S. Pessin since the filing of Amendment No. 6 to the Schedule 13D is set forth in Schedule A and is incorporated herein by reference.
7

 

SIGNATURES

 

After reasonable inquiry and to the best of his or her knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: December 14, 2018

 

  /s/ Norman H. Pessin
  Norman H. Pessin

 

 

  /s/ Sandra F. Pessin
  Sandra F. Pessin

 

 

  /s/ Brian L. Pessin
  Brian L. Pessin

 

 

 

/s/ Diana S. Pessin

  Diana S. Pessin

 

8

 

SCHEDULE A

 

Transaction in the Shares of the Issuer since the filing of Amendment No. 6 to the Schedule 13D

 

Shares of Common Stock

Purchased/(Sold)

Price Per

Share($)

Date of

Purchase/Sale

 

Brian L. pessin

 

(371,065) (i) 0.0350 11/14/2018
(264,825) 0.0310 12/10/2018
(447,758) 0.0300 12/11/2018
(489,500) 0.0270 12/12/2018
(13,603) 0.0300 12/13/2018

 

Diana S. pessin

 

(5,000) 0.0350 11/14/2018

 

(i)Included sales of Shares held either in trust for Brian Pessin’s children or held by Mr. Pessin for the benefit of his children.