0001615774-18-000531.txt : 20180124 0001615774-18-000531.hdr.sgml : 20180124 20180124160526 ACCESSION NUMBER: 0001615774-18-000531 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180124 DATE AS OF CHANGE: 20180124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Oxford Lane Capital Corp. CENTRAL INDEX KEY: 0001495222 IRS NUMBER: 272859071 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85910 FILM NUMBER: 18545230 BUSINESS ADDRESS: STREET 1: 8 SOUND SHORE DRIVE STREET 2: SUITE 255 CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: (203) 983-5275 MAIL ADDRESS: STREET 1: 8 SOUND SHORE DRIVE STREET 2: SUITE 255 CITY: GREENWICH STATE: CT ZIP: 06830 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Frantz Leroy Scott CENTRAL INDEX KEY: 0001619007 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: C/O HAEBLER CAPITAL STREET 2: 8 SOUND SHORE DRIVE CITY: GREENWICH STATE: CT ZIP: 06830 SC 13G/A 1 s108803_13ga.htm SC 13G/A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

SCHEDULE 13G

(Amendment No. 2)*

Under the Securities Exchange Act of 1934

 

Oxford Lane Capital Corp.

 

 

(Name of Issuer)

 

Preferred Stock

 

 

(Title of Class of Securities)

 

691543 300

691543 508

 

 

(CUSIP Number(s))

 

December 31, 2017

 

 

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which the Schedule is filed:

 

☐  Rule 13d-1(b)

 

☒  Rule 13d-1(c)

 

☐  Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in 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).

 

 

 

 

 

CUSIP Nos.

691543 300

691543 508

 

 

SCHEDULE 13G

 

Page 1 of 4 Pages

 

1.

NAMES OF REPORTING PERSONS

 

Leroy Scott Frantz

 

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

 

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 of America

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.

 

SOLE VOTING POWER

 

649,372

6.

 

SHARED VOTING POWER

 

0

7.

 

SOLE DISPOSITIVE POWER

 

649,372

8.

 

SHARED DISPOSITIVE POWER

 

0

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

649,372

10.

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

☐

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9*

 

10.23%

12.

TYPE OF REPORTING PERSON

 

IN

       

  

*Reflects percentage of total cumulative term preferred shares outstanding.

 

 

 

 

CUSIP Nos. Page 2 of 4 Pages
691543 300  
691543 508  

 

Item 1(a).Name of Issuer:

 

Oxford Lane Capital Corp.

 

Item 1(b).Address of Issuer’s Principal Executive Offices:

 

8 Sound Shore Drive, Suite 255
Greenwich, CT 06830

 

Item 2(b).Name of Person Filing:

 

Leroy Scott Frantz

 

Item 2(b).Address of Principal Business Office:

 

Haebler Capital

8 Sound Shore Drive

Greenwich, CT  06830

 

Item 2(c).Citizenship:

 

United States of America

 

Item 2(d).Title of Class of Securities

 

Cumulative Term Preferred Shares

 

Item 2(e).CUSIP Number:

 

691543 300

691543 508

 

 

 

 

CUSIP Nos. Page 3 of 4 Pages
691543 300  
691543 508  

 

Item 3.                    If this statement is filed pursuant to rule 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.
         
  (b)     Bank as defined in Section 3(a)(6) of the Act.
         
  (c)     Insurance company as defined in Section 3(a)(19) of the Act.
         
  (d)     Investment company registered under Section 8 of the Investment Company Act of 1940.
         
  (e)     An investment adviser 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.
         
  (j)     Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).

 

Item 4.Ownership

 

As of the date of this filing, Leroy Scott Frantz (the “Reporting Person”) is the beneficial owner of an aggregate of 649,372* shares of cumulative term preferred shares, par $0.01 per share (the “Preferred Stock”), of Oxford Lane Capital Corp. (“OXLC”). The Preferred Stock of OXLC is comprised of two series: (i) Cumulative Term Preferred Shares, 7.50% Series 2023 Term Preferred Shares (the “Series 2023 Term Preferred Shares”); and (ii) Cumulative Term Preferred Shares, 6.75% Series 2024 Term Preferred Shares (the “Series 2024 Term Preferred Shares”). The Reporting Person owns 437,622 shares of the Series 2023 Term Preferred Shares and 211,750* shares of the Series 2024 Term Preferred Shares. Collectively, the Reporting Person’s beneficial ownership of 649,372* shares of Preferred Stock constitutes approximately 10.23% of OXLC’s outstanding shares of Preferred Stock, based upon 6,345,416 shares of Preferred Stock outstanding as of December 31, 2017. The Reporting Person owns directly, and has sole power to vote and dispose of all 649,372* shares of Preferred Stock.

 

* 11,750 shares of the 2024 Term Preferred Shares are held by the Trust under agreement dated 7/10/58 for the benefit of L. Scott Frantz. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

 

 

 

CUSIP Nos. Page 4 of 4 Pages
691543 300  
691543 508  

 

Item 5.Ownership of Five Percent or Less of Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [   ].

 

Item 6.Ownership of More Than 5 Percent on Behalf of Another Person

 

Not applicable.

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

 

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 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.

  

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.

 

DATED: January 24, 2018

 

 

By: /s/ Leroy Scott Frantz 

Name: Leroy Scott Frantz