0001193125-19-035951.txt : 20190212 0001193125-19-035951.hdr.sgml : 20190212 20190212161703 ACCESSION NUMBER: 0001193125-19-035951 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190212 DATE AS OF CHANGE: 20190212 GROUP MEMBERS: ARTHUR M. TOSCANINI GROUP MEMBERS: GEN 3 PARTNERS, INC. GROUP MEMBERS: GEN3 CAPITAL I, LP GROUP MEMBERS: JAMES K. SIMS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AIRGAIN INC CENTRAL INDEX KEY: 0001272842 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 200281763 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89836 FILM NUMBER: 19591026 BUSINESS ADDRESS: STREET 1: 3611 VALLEY CENTRE DRIVE STREET 2: SUITE 150 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: (760) 579-0200 MAIL ADDRESS: STREET 1: 3611 VALLEY CENTRE DRIVE STREET 2: SUITE 150 CITY: SAN DIEGO STATE: CA ZIP: 92130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GEN3 Capital Partners, LLC CENTRAL INDEX KEY: 0001681392 IRS NUMBER: 202736869 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O AIRGAIN, INC. STREET 2: 3611 VALLEY CENTRE DRIVE, SUITE 150 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: (760) 579-0200 MAIL ADDRESS: STREET 1: C/O AIRGAIN, INC. STREET 2: 3611 VALLEY CENTRE DRIVE, SUITE 150 CITY: SAN DIEGO STATE: CA ZIP: 92130 SC 13G/A 1 d695024dsc13ga.htm SC 13G/A SC 13G/A

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)*

 

 

 

Airgain Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

00938A104

(CUSIP Number)

December 31, 2018

(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. 00938A104    Schedule 13G    Page 1 of 10

 

  1       

  Names of Reporting Persons

 

  GEN3 Capital I, LP

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3      

  SEC Use Only

 

  4      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

     5     

  Sole Voting Power

 

  0

  6     

  Shared Voting Power

 

  1,043,464

  7     

  Sole Dispositive Power

 

  0

  8     

  Shared Dispositive Power

 

  1,043,464

  9      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,043,464

10      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11      

  Percent of Class Represented by Amount in Row 9

 

  10.5%

12      

  Type of Reporting Person

 

  PN

CUSIP No. 00938A104    Schedule 13G    Page 2 of 10

 

  1       

  Names of Reporting Persons

 

  Gen 3 Partners, Inc.

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3      

  SEC Use Only

 

  4      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

     5     

  Sole Voting Power

 

  0

  6     

  Shared Voting Power

 

  9,928

  7     

  Sole Dispositive Power

 

  0

  8     

  Shared Dispositive Power

 

  9,928

  9      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  9,928

10      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11      

  Percent of Class Represented by Amount in Row 9

 

  0.1%

12      

  Type of Reporting Person

 

  CO

CUSIP No. 00938A104    Schedule 13G    Page 3 of 10

 

  1       

  Names of Reporting Persons

 

  GEN3 Capital Partners, LLC

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3      

  SEC Use Only

 

  4      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

     5     

  Sole Voting Power

 

  0

  6     

  Shared Voting Power

 

  1,043,464

  7     

  Sole Dispositive Power

 

  0

  8     

  Shared Dispositive Power

 

  1,043,464

  9      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,043,464

10      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11      

  Percent of Class Represented by Amount in Row 9

 

  10.5%

12      

  Type of Reporting Person

 

  OO (Delaware limited liability company)

CUSIP No. 00938A104    Schedule 13G    Page 4 of 10

 

  1       

  Names of Reporting Persons

 

  James K. Sims

  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

 

  386,099

  6     

  Shared Voting Power

 

  1,053,392

  7     

  Sole Dispositive Power

 

  386,099

  8     

  Shared Dispositive Power

 

  1,053,392

  9      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,439,491

10      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11      

  Percent of Class Represented by Amount in Row 9

 

  14.3%

12      

  Type of Reporting Person

 

  IN

CUSIP No. 00938A104    Schedule 13G    Page 5 of 10

 

 

  1       

  Names of Reporting Persons

 

  Arthur M. Toscanini

  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

 

  141,766

  6     

  Shared Voting Power

 

  9,928

  7     

  Sole Dispositive Power

 

  141,766

  8     

  Shared Dispositive Power

 

  9,928

  9      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  151,694

10      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11      

  Percent of Class Represented by Amount in Row 9

 

  1.5%

12      

  Type of Reporting Person

 

  IN

CUSIP No. 00938A104    Schedule 13G    Page 6 of 10

 

ITEM 1.

(a) Name of Issuer:

Airgain, Inc. (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

3611 Valley Centre Drive,

Suite 150

San Diego, CA 92130

 

ITEM 2.

(a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

GEN3 Capital I, LP (“GEN3 Capital”)

Gen 3 Partners, Inc. (“Gen 3 Partners”)

GEN3 Capital Partners, LLC (“GEN3 LLC”)

James K. Sims

Arthur M. Toscanini

 

  (b)

Address or Principal Business Office:

The address for each of the Reporting Persons is c/o Airgain, Inc. 3611 Valley Centre Drive, Suite 150, San Diego, CA 92130.

 

  (c)

Citizenship of each Reporting Person is:

Each of GEN3 Capital, Gen 3 Partners and GEN3 LLC is organized under the laws of Delaware. Messrs. Sims and Toscanini are citizens of the United States.

 

  (d)

Title of Class of Securities:

Common Stock, par value $0.0001 per share (“Common Stock”).

 

  (e)

CUSIP Number:

00938A104

 

ITEM 3.

Not applicable.

CUSIP No. 00938A104    Schedule 13G    Page 7 of 10

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of December 31, 2018, based upon 9,914,711 shares of Common Stock outstanding as of November 7, 2018.

 

Reporting Person   

Amount

beneficially

owned

     

Percent

of class:

     Sole
power
to vote or
to direct
the vote:		      Shared
power to
vote or to
direct the
vote:		     

Sole
power to
dispose or
to direct
the
disposition

of:

     

Shared

power to

dispose or

to direct

the

disposition

of:

  

GEN3 Capital I, LP

      1,043,464        10.5 %      0        1,043,464        0        1,043,464  

Gen 3 Partners, Inc.

      9,928        0.1 %      0        9,928        0        9,928  

GEN 3 Capital Partners, LLC

      1,043,464        10.5 %      0        1,043,464        0        1,043,464  

James K. Sims

      1,439,491        14.3 %      386,099        1,053,392        386,099        1,053,392  

Arthur M. Toscanini

      151,694        1.5 %      141,766        9,928        141,766        9,928  

GEN3 Capital and Gen 3 Partners are the record holders of 1,043,464 and 9,928 shares of Common Stock, respectively.

GEN3 LLC is the general partner of GEN3 Capital, and Mr. Sims is the Managing Member of GEN3 LLC. As a result, each of GEN3 LLC and Mr. Sims may be deemed to share beneficial ownership of the shares held of record by GEN3 Capital. Gen 3 Partners is managed by a board of directors composed of Mr. Sims, Mr. Toscanini and Michael Treacy, each of whom may be deemed to share beneficial ownership of the shares held of record by Gen 3 Partners. Each director disclaims beneficial ownership of such shares.

Mr. Sims is the sole beneficial owner of 386,099 shares of Common Stock, which includes 161,505 shares of Common Stock that Mr. Sims has the right to acquire within 60 days of December 31, 2018 pursuant to the exercise of stock options.

Mr. Toscanini is the sole beneficial owner of 141,766 shares of Common Stock, which includes 70,179 shares of Common Stock that Mr. Toscanini has the right to acquire within 60 days of December 31, 2018 pursuant to the exercise of stock options.

 

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.

Not applicable.

CUSIP No. 00938A104    Schedule 13G    Page 8 of 10

 

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.

CUSIP No. 00938A104    Schedule 13G    Page 9 of 10

 

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 12, 2019

 

GEN3 CAPITAL I, LP
By: GEN3 Capital Partners, LLC
By:  

/s/ Haydar Diab                                             

Name: Haydar Diab

Title:   Vice President

GEN 3 PARTNERS, INC.
By:  

/s/ Haydar Diab                                    

Name: Haydar Diab

Title:   Vice President

GEN3 CAPITAL PARTNERS, LLC
By:  

/s/ Haydar Diab                                

Name: Haydar Diab

Title:   Vice President

/s/ James K. Sims

/s/ Arthur M. Toscanini

CUSIP No. 00938A104    Schedule 13G    Page 10 of 10

 

LIST OF EXHIBITS

 

Exhibit No.   

Description

99    Joint Filing Agreement (incorporated by reference to Exhibit 99 to the Schedule 13G filed by the Reporting Persons on February 10, 2017).