Filing Details
- Accession Number:
- 0001437749-25-013537
- Form Type:
- 13D Filing
- Publication Date:
- 2025-04-28 20:00:00
- Filed By:
- Chodock Marc
- Company:
- Saker Aviation Services Inc.
- Filing Date:
- 2025-04-29
- 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 |
|---|---|---|---|---|---|---|
| Chodock Marc | 0 | 0 | 0 | 0 | 0 | 0.0% |
| ACM Value Opportunities Fund I, LP | 0 | 0 | 0 | 0 | 0 | 0.0% |
| ACM Value Opportunities Fund I GP, LLC | 0 | 0 | 0 | 0 | 0 | 0.0% |
| Arvice Capital Management, LLC | 0 | 0 | 0 | 0 | 0 | 0.0% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
|
Saker Aviation Services, Inc. (Name of Issuer) |
Common Stock, par value $0.03 per share (Title of Class of Securities) |
32025R104 (CUSIP Number) |
Marc Chodock 25 Hilee Road, Rhinebeck, NY, 12572 (518) 628-5172 Robb Tretter Eleven Times Square, New York, NY, 10036-8299 (212) 969-3221 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
04/28/2025 (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).
SCHEDULE 13D
|
| CUSIP No. | 32025R104 |
| 1 |
Name of reporting person
Chodock Marc | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
 (a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
|
| CUSIP No. | 32025R104 |
| 1 |
Name of reporting person
ACM Value Opportunities Fund I, LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
(Delaware Limited Partnership)
SCHEDULE 13D
|
| CUSIP No. | 32025R104 |
| 1 |
Name of reporting person
ACM Value Opportunities Fund I GP, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
(Delaware Limited Liability Company)
SCHEDULE 13D
|
| CUSIP No. | 32025R104 |
| 1 |
Name of reporting person
Arvice Capital Management, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
(Delaware Limited Liability Company)
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, par value $0.03 per share | |
| (b) | Name of Issuer:
Saker Aviation Services, Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
20 SOUTH STREET, PIER 6 EAST RIVER, NEW YORK,
NEW YORK
, 10004. | |
Item 1 Comment:
This amendment (Amendment No. 3) amends the Statement on Schedule 13D, filed February 9, 2015 (the Initial Schedule 13D), as amended by Amendment No. 1 to the Statement filed on July 6, 2015 and Amendment No. 2 to the Statement on filed December 4, 2023, on behalf of (i) ACM Value Opportunities Fund I, LP, a Delaware limited partnership (the Fund), (ii) ACM Value Opportunities Fund I GP, LLC, a Delaware limited liability company, as general partner of the Fund (the General Partner), (iii) Arvice Capital Management, LLC, a Delaware limited liability company (the Manager), as manager of the Fund, and (iv) Marc Chodock (Mr. Chodock), as managing member of the Manager, relating to the common stock, par value $0.03 per share (the Common Stock) of Saker Aviation Services, Inc., a Nevada corporation (the Issuer or Company) directly owned by the Fund and certain options to purchase Common Stock of the Issuer granted to Mr. Chodock for services as a director of the Issuer. The foregoing persons are hereinafter collectively referred to as the "Reporting Persons". Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported on the Initial Schedule 13D, as amended.
The filing of this Amendment No. 3 represents the final amendment to the Initial Schedule 13D and constitutes an exit filing for the Reporting Persons.
| ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 of the Initial Schedule 13D is hereby amended by the addition of the following information:
On April 28, 2025, the Fund entered into a Secondary Purchase and Sale Agreement (the "Agreement") with William B. Wachtel, the Issuer's President and Chief Executive Officer ("Mr. Wachtel"). Pursuant to the Agreement, the Fund sold to Mr. Wachtel 108,817 shares of the Issuer's Common Stock at price of $8.63 per share and options to purchase 16,665 shares of the Issuer's Common Stock at a price of $53,561.31 (the "Secondary Sale"). The aggregate purchase price paid by Mr. Wachtel to the Fund was $992,652.02.
The foregoing description of the Agreement is qualified by the full text of such agreement which is attached as an exhibit to this Schedule 13D (Amendment No. 3). | ||
| Item 4. | Purpose of Transaction | |
Item 4 of the Initial Schedule 13D is hereby amended by the addition of the following information:
All beneficial ownership of the Issuer's Common Stock were held by the Reporting Persons for investment purposes. The Secondary Sale constituted a sale of all of the remaining beneficial ownership of the Reporting Persons in the Issuer's common stock. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | The Reporting Persons do not beneficially own any shares of the Issuer's Common Stock. | |
| (b) | The Reporting Persons do not have voting and dispositive power over any shares of the Issuer's Common Stock. | |
| (c) | Except for the Secondary Sale reported in this Schedule 13D (Amendment No. 3), none of the Reporting Persons and, to their knowledge, none of their respective managers, officers, or partners, have effected any transactions in the Issuer's Common Stock in the 60 days preceding the filing of this Schedule 13D (Amendment No. 3). | |
| (d) | To the best knowledge of the Reporting Persons, no one other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein as beneficially owned by the Reporting Persons. | |
| (e) | The Reporting Persons ceased being the beneficial owners of 5% or more of the Issuer's Common Stock on April 28, 2025. | |
| Item 7. | Material to be Filed as Exhibits. | |
The following document is filed as an exhibit to this Schedule 13D (Amendment No. 3).
Exhibit Description
99.6* Secondary Securities Purchase and Sale Agreement
* Filed herewith | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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