SCHEDULE 13D | ||
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CUSIP No. 690469101 |
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1
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NAMES OF REPORTING PERSONS
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Mark Feldberg |
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☒
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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OO |
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5
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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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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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U.S. Citizen |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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8
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SHARED VOTING POWER
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3,466,394 (see Item 5) |
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9
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SOLE DISPOSITIVE POWER
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10
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SHARED DISPOSITIVE POWER
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3,466,394 (see Item 5) |
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,466,394 (see Item 5) |
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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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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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7.27% (see Item 5) |
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN, HC |
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SCHEDULE 13D | ||
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CUSIP No. 690469101 |
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1
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NAMES OF REPORTING PERSONS
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TLS Advisors LLC |
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☒
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(b)
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☐
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||||
3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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OO |
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5
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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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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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State of Delaware |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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8
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SHARED VOTING POWER
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3,466,394 (see Item 5) |
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9
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SOLE DISPOSITIVE POWER
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10
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SHARED DISPOSITIVE POWER
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3,466,394 (see Item 5) |
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||||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,466,394 (see Item 5) |
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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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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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7.27% (see Item 5) |
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA, HC, OO |
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SCHEDULE 13D | ||
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CUSIP No. 690469101 |
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1
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NAMES OF REPORTING PERSONS
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Shira Capital LLC |
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☒
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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WC |
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5
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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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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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State of Delaware |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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8
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SHARED VOTING POWER
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2,964,179 (see Item 5) |
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9
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SOLE DISPOSITIVE POWER
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10
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SHARED DISPOSITIVE POWER
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2,964,179 (see Item 5) |
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,964,179 (see Item 5) |
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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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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.22% (see Item 5) |
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO |
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SCHEDULE 13D | ||
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CUSIP No. 690469101 |
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1
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NAMES OF REPORTING PERSONS
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TradeLink Securities LLC |
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☒
|
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(b)
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☐
|
||||
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||||
3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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WC |
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5
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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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||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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State of Delaware |
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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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|||
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8
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SHARED VOTING POWER
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502,215 (see Item 5) |
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|||
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9
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SOLE DISPOSITIVE POWER
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10
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SHARED DISPOSITIVE POWER
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502,215 (see Item 5) |
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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502,215 (see Item 5) |
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|||
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||||
12
|
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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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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1.1% (see Item 5) |
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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BD, OO |
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SCHEDULE 13D | ||
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CUSIP No. 690469101 |
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1
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NAMES OF REPORTING PERSONS
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Tripletail Capital Management LP |
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|||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☒
|
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(b)
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☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
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|||
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||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF |
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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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|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
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State of Delaware |
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|
|||
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||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
|
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|
|||
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|
||||
8
|
SHARED VOTING POWER
|
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|
||
3,466,394 (see Item 5) |
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
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||
|
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|
|||
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|
||||
10
|
SHARED DISPOSITIVE POWER
|
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||
3,466,394 (see Item 5) |
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
3,466,394 (see Item 5) |
|
|
|||
|
|
||||
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)
|
|
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7.27% (see Item 5) |
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|
|||
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|
||||
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN, HC |
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(a)
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The Group of Reporting Persons may be deemed to beneficially own, in the aggregate, 3,466,394 Shares, representing approximately 7.27% of the outstanding Common Shares of the
Issuer. Shira Capital LLC is the Holder of Record of 2,964,179 shares, and TradeLink Securities LLC is the Holder of Record of 502,215 Shares. Tripletail Capital Management LP is the Sole Member of Shira Capital LLC and TradeLink
Securities LLC. TLS Advisors LLC is the Adviser to all three entities.
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(b) |
The Group of Reporting Persons has shared voting power and shared dispositive power with regarding to the 3,466,394 Shares.
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(c) |
The following table sets forth all transactions with respect to Shares effected during the past sixty (60) days by any of the Reporting Persons. Except as otherwise noted below, all such transactions
were purchases or sales of Shares effected in the open market. Sales are indicated with ( ).
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Entity
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Trade Date
|
Share Quantity
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Price Range
|
Amount
|
TradeLink Securities LLC
|
9/3/2019
|
1,220
|
1.73 to 1.75
|
2,128.60
|
TradeLink Securities LLC
|
9/10/2019
|
(9,000)
|
2.25 to 2.34
|
(20,655)
|
TradeLink Securities LLC
|
9/11/2019
|
(2,964)
|
2.38
|
(7,054.32)
|
Shira Capital LLC
|
10/4/2019
|
-5,543
|
2.75 to 2.76
|
(15,248.30)
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Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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1
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Certain Information about the Reporting Persons
|
2
|
Joint Filing Agreement
|
By: /s/ Jennifer Lidel
Jennifer Lidel, President
TLS Advisors LLC 10/04/2019 |
By: /s/ Jennifer Lidel
Jennifer Lidel, President
Shira Capital LLC 10/04/2019 |
|
|
By: /s/ Jennifer Lidel
Jennifer Lidel, President
TradeLink Securities LLC 10/04/2019 |
By: /s/ Jennifer Lidel
Jennifer Lidel, President
TLS Advisors LLC-General Partner Tripletail Capital Management LP
10/04/2019
|
By: /s/ Mark Feldberg
Mark Feldberg
10/04/2019
|
By: /s/ Jennifer Lidel
Jennifer Lidel, President
TLS Advisors LLC 10/04/2019 |
By: /s/ Jennifer Lidel
Jennifer Lidel, President
Shira Capital LLC 10/04/2019 |
|
|
By: /s/ Jennifer Lidel
Jennifer Lidel, President
TradeLink Securities LLC 10/04/2019 |
By: /s/ Jennifer Lidel
Jennifer Lidel, President
TLS Advisors LLC-General Partner Tripletail Capital Management LP
10/04/2019
|
By: /s/ Mark Feldberg
Mark Feldberg
10/04/2019
|