Filing Details
- Accession Number:
- 0001493152-18-001941
- Form Type:
- 13G Filing
- Publication Date:
- 2018-02-13 10:34:50
- Filed By:
- Stetson John
- Company:
- Towerstream Corp (NASDAQ:TWER)
- Filing Date:
- 2018-02-13
- SEC Url:
- 13G Filing
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 |
|---|---|---|---|---|---|---|
| John Stetson | 0 | 43,822 | 0 | 43,822 | 43,822 | 9.99 % |
| HS Contrarian Investments | 0 | 43,822 | 0 | 43,822 | 43,822 | 9.99 % |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Amendment No. 5
To
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
TOWERSTREAM CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
892000 308
(CUSIP Number)
John Stetson
2300 E. Las Olas Blvd. 4th Floor
Fort Lauderdale, FL 33301
561-351-3777
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 31, 2017
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 892000 308
|
| 1 | NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John Stetson | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ ] (b) [ ] |
| 3 | SEC USE ONLY
| |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
| NUMBER OF SHARES | 5 | SOLE VOTING POWER
0 |
| BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER
43,822(1) |
| EACH REPORTING | 7 | SOLE DISPOSITIVE POWER
0 |
| PERSON WITH | 8 | SHARED DISPOSITIVE POWER
43,822(1) |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,822(1) |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.99% (based on 394,399 shares of common stock outstanding as of December 31, 2017) |
| 12 | TYPE OF REPORTING PERSON*
IN |
| 1) | Represents 43,822 shares of common stock underlying Series G Preferred Stock held by HS Contrarian Investments, LLC (“HSCI”). Excludes (i) 27,911 shares of common stock underlying Series G Preferred Stock held by HSCI and (ii) 53,440 shares of common stock underlying Series H Preferred Stock held by HSCI. Each of the foregoing series of preferred stock contains an ownership limitation such that the holder may not exercise any of such securities to the extent that such exercise would result in the holder’s beneficial ownership being in excess of 9.99% of the Issuer’s issued and outstanding common stock together with all shares owned by the holder and its affiliates. John Stetson is the Manager of HSCI and in such capacity has voting and dispositive power over the securities held by such entity. |
CUSIP No. 892000 308
|
| 1 | NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HS Contrarian Investments, LLC | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ ] (b) [ ] |
| 3 | SEC USE ONLY
| |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Florida |
NUMBER OF SHARES | 5 | SOLE VOTING POWER
0 |
| BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER
43,822(1) |
| EACH REPORTING | 7 | SOLE DISPOSITIVE POWER
0 |
| PERSON WITH | 8 | SHARED DISPOSITIVE POWER
43,822(1) |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,822(1) |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.99% (based on 394,399 shares of common stock outstanding as of December 31, 2017) |
| 12 | TYPE OF REPORTING PERSON*
OO |
| (1) | Represents 43,822 shares of common stock underlying Series G Preferred Stock held by HSCI. Excludes (i) 27,911 shares of common stock underlying Series G Preferred Stock held by HSCI and (ii) 53,440 shares of common stock underlying Series H Preferred Stock held by HSCI. Each of the foregoing series of preferred stock contains an ownership limitation such that the holder may not exercise any of such securities to the extent that such exercise would result in the holder’s beneficial ownership being in excess of 9.99% of the Issuer’s issued and outstanding common stock together with all shares owned by the holder and its affiliates. John Stetson is the Manager of HSCI and in such capacity has voting and dispositive power over the securities held by such entity. |
Item 1(a). Name of Issuer:
Towerstream Corporation, a Delaware corporation (“Issuer”)
Item 1(b). Address of Issuer’s Principal Executive Offices:
76 Hammarlund Way, Middletown, RI 02842
Item 2(a). Name of Person Filing.
The statement is filed on behalf of John Stetson and HSCI (collectively, the “Reporting Person”).
Item 2(b). Address of Principal Business Office or, if None, Residence.
2300 East Las Olas Blvd., Fort Lauderdale, FL 33301
Item 2(c). Citizenship.
John Stetson is a citizen of the United States. HSCI is organized in the State of Florida.
Item 2(d). Title of Class of Securities.
Common Stock, par value $0.001.
Item 2(e). CUSIP Number.
892000 308
Item 3. Type of Person
Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned: 43,822 (1)
(b) Percent of class: 9.99% (based on 394,399 shares of common stock outstanding as of December 31, 2017)
(c) Number of shares as to which the person has:
| (i) Sole power to vote or to direct the vote: 0 | ||
| (ii) Shared power to vote or to direct the vote: 43,822 (1) | ||
| (iii) Sole power to dispose or to direct the disposition of: 0 | ||
| (iv) Shared power to dispose or to direct the disposition of: 43,822 (1) |
| (1) | Represents 43,822 shares of common stock underlying Series G Preferred Stock held by HSCI. Excludes (i) 27,911 shares of common stock underlying Series G Preferred Stock held by HSCI and (ii) 53,440 shares of common stock underlying Series H Preferred Stock held by HSCI. Each of the foregoing series of preferred stock contains an ownership limitation such that the holder may not exercise any of such securities to the extent that such exercise would result in the holder’s beneficial ownership being in excess of 9.99% of the Issuer’s issued and outstanding common stock together with all shares owned by the holder and its affiliates. John Stetson is the Manager of HSCI and in such capacity has voting and dispositive power over the securities held by such entity. |
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.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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.
| Date: February 13, 2018 | By: | /s/ John Stetson |
| John Stetson |
| HS Contrarian Investments, LLC | ||
| Date: February 13, 2018 | By: | /s/ John Stetson |
| John Stetson, Manager |