Filing Details

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.  )*
ParkerVision, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
701354300
(CUSIP Number)
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)
☐	Rule 13d-1(c)
☐	Rule 13d-1(d)

SCHEDULE 13G
CUSIP No. 701354300	Page 2 of 6 Pages

 

1	NAMES OF REPORTING PERSONS
	Alden Global Capital LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	State of Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
			0 shares
		6	SHARED VOTING POWER
			987,233 shares
		7	SOLE DISPOSITIVE POWER
			0 shares
		8	SHARED DISPOSITIVE POWER
			987,233 shares
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	987,233 shares
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.01%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IA, OO

 

Item 1(a).

Name of Issuer:

ParkerVision, Inc. (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Offices:

7915 Baymeadows Way, Suite 400, Jacksonville, FL 32256

Item 2(a).

Name of Persons Filing:

This Schedule 13G is being filed by Alden Global Capital LLC (the “Reporting Person”) to report shares of Common Stock (as defined herein) held for the accounts of Alden Global Opportunities Master Fund, L.P., an exempted limited partnership organized under the laws of the Cayman Islands, (“Alden Global Opportunities”), Alden Global Value Recovery Master Fund, L.P., an exempted limited partnership organized under the laws of the Cayman Islands (“Alden Global Value”), and Turnpike Limited, an exempted company organized under the laws of the Cayman Islands (together with Alden Global Opportunities and Alden Global Value, the “Alden Funds”). The Reporting Person serves as investment adviser to each of the Alden Funds and, in such capacity, exercises voting and dispositive power over the shares of Common Stock held for the accounts of the Alden Funds.

Item 2(b).

Address of Principal Business Office or, if none, Residence:

885 Third Avenue, 34th Floor, New York, NY 10022.

Item 2(c).

Citizenship:

The Reporting Person is a limited liability company organized under the laws of the state of Delaware.

Item 2(d).

Title of Class of Securities:

Common stock, par value $.01 per share (the “Common Stock”)

Item 2(e).

CUSIP Number:

701354300

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(e)  ☒  An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(a)	Amount beneficially owned:

The Reporting Person may be deemed to beneficially own 987,233 shares of Common Stock. This amount includes: (A) 27,280 shares of Common Stock held for the account of Alden Global Opportunities; (B) 419,150 shares of Common Stock held for the account of Alden Global Value; and (C) 540,803 shares of Common Stock held for the account of Turnpike Limited.

(b)	Percent of class:

The Reporting Person may be deemed to beneficially own approximately 5.01% of the shares of Common Stock outstanding.  (This is based on 19,695,979 shares of Common Stock outstanding as of November 10, 2017, according to the Issuer’s quarterly report on Form 10-Q, filed November 14, 2017.)

(c)	Number of shares of Common Stock as to which such person has:

(i)	sole power to vote or to direct the vote:	0
(ii)	shared power to vote or to direct the vote:	987,233
(iii)	sole power to dispose or to direct the disposition of:	0
(iv)	shared power to dispose or to direct the disposition of:	987,233

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.

See disclosure in Items 2 and 4 hereof.  The Alden Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock covered by this statement that may be deemed to be beneficially owned by the Reporting Person.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on 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.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under §240.14a-11.

 

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.

Dated: February 14, 2018.