0001144204-17-008917.txt : 20170214 0001144204-17-008917.hdr.sgml : 20170214 20170214170104 ACCESSION NUMBER: 0001144204-17-008917 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170214 DATE AS OF CHANGE: 20170214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MMA CAPITAL MANAGEMENT, LLC CENTRAL INDEX KEY: 0001003201 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 521449733 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-50949 FILM NUMBER: 17610035 BUSINESS ADDRESS: STREET 1: 3600 O'DONNELL ST STREET 2: SUITE 600 CITY: BALTIMORE STATE: MD ZIP: 21224 BUSINESS PHONE: (443) 263-2900 MAIL ADDRESS: STREET 1: 3600 O'DONNELL ST STREET 2: SUITE 600 CITY: BALTIMORE STATE: MD ZIP: 21224 FORMER COMPANY: FORMER CONFORMED NAME: MUNICIPAL MORTGAGE & EQUITY LLC DATE OF NAME CHANGE: 19951108 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FALCONE MICHAEL L CENTRAL INDEX KEY: 0001201762 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 621 E PRATT STREET STREET 2: SUITE 300 CITY: BALTIMORE STATE: MD ZIP: 21202 SC 13G 1 v459617_sc13g.htm SC 13G 20170214 13G Falcone

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

 

 

MMA Capital Management, LLC

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

55315D105

(CUSIP Number)

December 31, 2016

(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)

 

 

 

 









 

 

 

 

 

 

 

 

 

CUSIP No. 55315D105

 

13G

 

 



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

  1 

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Michael L. Falcone

 

  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

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

  

5 

  

SOLE VOTING POWER

 

240,000

 

 

  

6

  

SHARED VOTING POWER

 

171,029

 

 

 

 

 

  

7

  

SOLE DISPOSITIVE POWER

 

240,000

 

 

 

 

 

 

 

 

  

8

  

SHARED DISPOSITIVE POWER

 

171,029

 

 

 

 

 

 

 

 

 

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

411,029

 

 

 

 

 

 

 

 

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

☐

 

 

 

 

 

 

 

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.6% **

 

 

 

 

 

 

 

 

 

12

 

TYPE OF REPORTING PERSON*

 

IN

 

 

 

 

 

 

 

 

 

 

*

SEE INSTRUCTIONS BEFORE FILLING OUT

**

SEE ITEM 4(b).

 

2

 









SCHEDULE 13G

This (this “Schedule 13G”) relates to shares of Common Shares, no par value (the “Common Stock”), of MMA Capital Management, LLC, a Delaware limited liability company (the “Issuer”), and is being filed by Michael L. Falcone (referred to herein as the “Reporting Person”).

 

Item 1(a)

Name of Issuer.

MMA Capital Management, LLC

 

Item 1(b)

Address of Issuer’s Principal Executive Offices.

3600 O’Donnell Street, Suite 600

Baltimore, Maryland 21224

 

Item 2(a)

Name of Person Filing.

Michael L. Falcone

 

Item 2(b)

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

c/o MMA Capital Management, LLC
3600 O’Donnell Street, Suite 600
Baltimore, Maryland 21224



Item 2(c)

Citizenship or Place of Organization.

Mr. Falcone is a United States citizen.

 

Item 2(d)

Title of Class of Securities.

Common Shares, no par value (the “Common Stock”).

 

Item 2(e)

CUSIP Number.

55315D105

 

3

 









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:

 

 

 

 

 

 

 

 

 

 

(a)

  

☐

  

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

 

 

 

 

 

(b)

  

☐

  

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

 

 

 

 

 

(c)

  

☐

  

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

 

 

 

 

 

(d)

  

☐

  

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

 

 

 

 

 

(e)

  

☐

  

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

 

 

 

 

 

 

(f)

  

☐

  

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

 

 

 

 

 

 

(g)

  

☐

  

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

 

 

 

 

 

 

(h)

  

☐

  

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

 

 

 

 

 

 

(i)

  

☐

  

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

 

 

 

 

 

(j)

  

☐

  

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Item 4

Ownership.

 

 

(a)

The Reporting Person may be deemed the beneficial owner of 411,029 shares of Common Stock.

 



 

 

 

(b)

The Reporting Person may be deemed the beneficial owner of 6.6% of the outstanding shares of Common Stock. This percentage was calculated by dividing (i) the number of shares of Common Stock reported in Item 4(a) held by the Reporting Person by (ii) 6,201,721, the number of shares of Common Stock issued and outstanding as of November 2, 2016, as reported in the Issuer’s Form 10-Q filed on November 9, 2016 with the Securities and Exchange Commission (5,961,721) plus the additional shares outstanding if the stock option awards were exercised (240,000).



 

 

(c)

The Reporting Person has the power to vote and dispose of the 171,029 shares of Common Stock held directly as of December 31, 2016.  In addition, the Reporting Person is eligible to acquire 240,000 additional shares via the exercise of vested stock option awards.

 

Item 5

Ownership of Five Percent or Less of a Class.

Inapplicable.

 

Item 6

Ownership of More Than Five Percent on Behalf of Another Person.

Inapplicable.

 

4

 









Item 7

Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.

Inapplicable.

 

Item 8

Identification and Classification of Members of the Group.

Inapplicable.

 

Item 9

Notice of Dissolution of Group.

Inapplicable.

 

Item 10

Certification.

Inapplicable.

 

5

 









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 14, 2017

 

 

 

 

 

 

 

/s/ Michael L. Falcone

Michael L. Falcone

 

6