0001140361-20-003372.txt : 20200214 0001140361-20-003372.hdr.sgml : 20200214 20200214161552 ACCESSION NUMBER: 0001140361-20-003372 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200214 DATE AS OF CHANGE: 20200214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Firsthand Technology Value Fund, Inc. CENTRAL INDEX KEY: 0001495584 IRS NUMBER: 273008946 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86991 FILM NUMBER: 20620060 BUSINESS ADDRESS: STREET 1: 150 ALMADEN BLVD. STREET 2: SUITE 1250 CITY: SAN JOSE STATE: CA ZIP: 95113 BUSINESS PHONE: 408-886-7096 MAIL ADDRESS: STREET 1: 150 ALMADEN BLVD. STREET 2: SUITE 1250 CITY: SAN JOSE STATE: CA ZIP: 95113 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ralls Rawleigh Hazen IV CENTRAL INDEX KEY: 0001368565 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: 744 SPRUCE STREET CITY: BOULDER STATE: CO ZIP: 80302 SC 13G/A 1 formsc13ga.htm SC 13G/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


SCHEDULE 13G
 
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)*


FIRSTHAND TECHNOLOGY VALUE FUND, INC.
(Name of Issuer)
 
COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)
 
33766Y100
(CUSIP Number)
 
DECEMBER 31, 2019
(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)

*
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 No. 33766Y100
  
Page 2 of 5

1
NAMES OF REPORTING PERSONS
 
 
Rawleigh Hazen Ralls, IV
 
 
 
 
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
 
 
113,000
 
 
 
 
6
SHARED VOTING POWER
 
 
200,877
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
113,000
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
200,877
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
313,877
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
☐
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
4.37% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 

(1)
This percentage is calculated based upon 7,178,770 shares of the Issuer’s common stock outstanding as of September 30, 2019 as reported in the Issuer’s Quarterly Report on Form 10-Q (Commission File No. 814-00830) filed with the Securities and Exchange Commission on November 8, 2019.

CUSIP No. 33766Y100
  
Page 3 of 5

Item 1(a)
Name of Issuer
 
Firsthand Technology Value Fund, Inc.

Item 1(b)
Address of Issuer’s Principal Executive Offices
 
150 Almaden Blvd., Suite 1250
San Jose, CA 95113

Item 2(a)
Name of Person Filing
 
Rawleigh Hazen Ralls, IV

Item 2(b)
Address of Principal Business Office or, if none, Residence
 
c/o Lacuna, LLC
1100 Spruce Street, Suite 202
Boulder, Colorado 80302

Item 2(c)
Citizenship
 
United States of America

Item 2(d)
Title of Class of Securities
 
Common Stock, $0.001 par value

Item 2(e)
CUSIP Number
 
33766Y100

Item 3
 
Not applicable.

Item 4
Ownership

   
Shares
Held
Directly
    
Sole
Voting
Power
    
Shared
Voting
Power (1)
    
Sole
Dispositive
Power
    
Shared
Dispositive
Power (1)
    
Beneficial
Ownership
    
Percentage
of Class (2)
  
Rawleigh Hazen Ralls, IV
  
113,000
    
113,000
    
200,877
    
113,000
    
200,877
    
313,877
    
4.37%


(1)
Includes 135,266 shares held by Lacuna Venture Fund LLLP (“Lacuna Venture”) and 65,611 shares held by Lacuna Hedge Fund LLLP (“Lacuna Hedge”). Lacuna Ventures GP LLLP (“Lacuna Ventures GP”) is the general partner of Lacuna Venture. Lacuna Hedge GP LLLP (“Lacuna Hedge GP”) is the general partner of Lacuna Hedge. Lacuna, LLC is the sole general partner of Lacuna Ventures GP and Lacuna Hedge GP. Mr. Ralls is a managing director of Lacuna, LLC and may be deemed to have shared power to vote or direct the vote of, and to dispose or direct the disposition of, the securities of the Issuer held by Lacuna Venture and Lacuna Hedge but disclaims beneficial ownership thereof except to the extent of his pecuniary interest therein.
(2)
This percentage is calculated based upon 7,178,770 shares of the Issuer’s common stock outstanding as of September 30, 2019 as reported in the Issuer’s Quarterly Report on Form 10-Q (Commission File No. 814-00830) filed with the Securities and Exchange Commission on November 8, 2019.

CUSIP No. 33766Y100
  
Page 4 of 5

Item 5
Ownership of Five Percent or Less of a 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 five percent of the class of securities, check the following. ☒

Item 6
Ownership of More than Five Percent 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
 
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
 
Not applicable.

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.
 
EXECUTED this 14th day of February, 2020.

 
/s/ Rawleigh H. Ralls, IV
  
 
Rawleigh H. Ralls, IV