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CUSIP No. 067532101
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Page 2 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
|
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||
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Wolverine Asset Management, LLC
|
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|||
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||||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
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(b)
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☒
|
||||
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||||
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3
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SEC USE ONLY
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||
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|||
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||||
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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||
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OO (see Item 3)
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|||
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||||
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5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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||
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||||
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||||
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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||
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Illinois
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|||
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
|
SOLE VOTING POWER
|
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|
0
|
|
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|||
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|
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||||
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8
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SHARED VOTING POWER
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||
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6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
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|||
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||||
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9
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SOLE DISPOSITIVE POWER
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||
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0
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|
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|||
|
|
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
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|||
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|
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||||
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
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||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
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|
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|||
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|
||||
|
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
|
||
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||||
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|
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||||
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
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||
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7.6% (see Item 5(a) below)
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|||
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||||
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14
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TYPE OF REPORTING PERSON
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IA
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|||
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CUSIP No. 067532101
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Page 3 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
|
|
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||
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|||
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Wolverine Holdings, L.P.
|
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|||
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|
||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
|
(b)
|
☒
|
||||
|
|
|
||||
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3
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SEC USE ONLY
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||
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|||
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||||
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
|
OO (see Item 3)
|
|
|
|||
|
|
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
|
Illinois
|
|
|
|||
|
|
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
|
0
|
|
|
|||
|
|
|
||||
|
8
|
SHARED VOTING POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
|
7.6% (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
14
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TYPE OF REPORTING PERSON
|
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|
HC
|
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|||
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||||
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CUSIP No. 067532101
|
Page 4 of 11 Pages
|
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1
|
NAMES OF REPORTING PERSONS
|
|
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||
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|||
|
Wolverine Trading Partners, Inc.
|
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|||
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|
||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
|
(b)
|
☒
|
||||
|
|
|
||||
|
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|
|||
|
|
|
||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
|
OO (see Item 3)
|
|
|
|||
|
|
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
|
Illinois
|
|
|
|||
|
|
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
|
0
|
|
|
|||
|
|
|
||||
|
8
|
SHARED VOTING POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
|
7.6% (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
14
|
TYPE OF REPORTING PERSON
|
|
|
||
|
CO/HC
|
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|||
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||||
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CUSIP No. 067532101
|
Page 5 of 11 Pages
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1
|
NAMES OF REPORTING PERSONS
|
|
|
||
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|||
|
Christopher L. Gust
|
|
|
|||
|
|
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
|
(b)
|
☒
|
||||
|
|
|
||||
|
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|
|||
|
|
|
||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
|
OO (see Item 3)
|
|
|
|||
|
|
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
|
United States
|
|
|
|||
|
|
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
8
|
SHARED VOTING POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
|
7.6% (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
14
|
TYPE OF REPORTING PERSON
|
|
|
||
|
IN/HC
|
|
|
|||
|
|
|
||||
|
CUSIP No. 067532101
|
Page 6 of 11 Pages
|
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
|
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|||
|
Robert R. Bellick
|
|
|
|||
|
|
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
|
(b)
|
☒
|
||||
|
|
|
||||
|
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|
|||
|
|
|
||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
|
OO (see Item 3)
|
|
|
|||
|
|
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
|
United States
|
|
|
|||
|
|
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
8
|
SHARED VOTING POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
6,000,000 shares (including 2,000,000 shares issuable upon exercise of Warrants) (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
|
7.6% (see Item 5(a) below)
|
|
|
|||
|
|
|
||||
|
14
|
TYPE OF REPORTING PERSON
|
|
|
||
|
IN/HC
|
|
|
|||
|
|
|
||||
|
CUSIP No. 067532101
|
Page 7 of 11 Pages
|
|
ITEM 1.
|
SECURITY AND ISSUER
|
|
ITEM 2.
|
IDENTITY AND BACKGROUND
|
|
ITEM 3.
|
SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
|
|
CUSIP No. 067532101
|
Page 8 of 11 Pages
|
|
ITEM 4.
|
PURPOSE OF TRANSACTION
|
|
ITEM 5.
|
INTEREST IN SECURITIES OF THE ISSUER
|
|
CUSIP No. 067532101
|
Page 9 of 11 Pages
|
|
CUSIP No. 067532101
|
Page 10 of 11 Pages
|
| ITEM 6. | CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER |
|
ITEM 7.
|
MATERIAL TO BE FILED AS EXHIBITS
|
| 99.1 | Joint Filing Agreement, among Wolverine Asset Management, LLC, Wolverine Holdings, L.P., Wolverine Trading Partners, Inc., Christopher L. Gust, and Robert R. Bellick. |
| 99.2 | Securities Purchase Agreement, dated March 13, 2015, by and among the Issuer and the investors party thereto (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Issuer on March 16, 2015). |
| 99.3 | Form of Warrant of the Issuer (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by Issuer on March 16, 2015). |
| 99.4 | Registration Rights Agreement, dated March 13, 2015, by and among the Issuer and the investors party thereto (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by Issuer on March 16, 2015). |
|
CUSIP No. 067532101
|
Page 11 of 11 Pages
|
|
Wolverine Asset Management, LLC
|
||
|
/s/ Kenneth L. Nadel
|
||
|
Signature
|
||
|
Kenneth L. Nadel, Chief Operating Officer
|
||
|
Name/Title
|
||
|
Wolverine Holdings, L.P.
|
||
|
/s/Christopher L. Gust
|
||
|
Signature
|
||
|
Christopher L. Gust, Managing Director
|
||
|
Name/Title
|
||
|
Wolverine Trading Partners, Inc.
|
||
|
/s/Christopher L. Gust
|
||
|
Signature
|
||
|
Christopher L. Gust, Authorized Signatory
|
||
|
Name/Title
|
||
|
/s/Christopher L. Gust
|
||
|
Christopher L. Gust
|
||
|
/s/ Robert R. Bellick
|
||
|
Robert R. Bellick
|
|
Dated as of March 23, 2015
|
Wolverine Asset Management, LLC
|
|
/s/ Kenneth L. Nadel
|
|
|
Signature
|
|
|
Kenneth L. Nadel, Chief Operating Officer
|
|
|
Name/Title
|
|
|
Wolverine Holdings, L.P.
|
|
|
/s/Christopher L. Gust
|
|
|
Signature
|
|
|
Christopher L. Gust, Managing Director
|
|
|
Name/Title
|
|
|
Wolverine Trading Partners, Inc.
|
|
|
/s/Christopher L. Gust
|
|
|
Signature
|
|
|
Christopher L. Gust, Authorized Signatory
|
|
|
Name/Title
|
|
|
/s/Christopher L. Gust
|
|
|
Christopher L. Gust
|
|
|
/s/ Robert R. Bellick
|
|
|
Robert R. Bellick
|