Amended Statement of Beneficial Ownership (sc 13d/a)
November 18 2016 - 4:22PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No. 5)
*
HUDSON TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
444144-10-9
(CUSIP Number)
Stephen P. Mandracchia
Hudson Technologies, Inc.
1 Blue Hill Plaza
PO Box 1541
Pearl River, New York 10965
(845) 735-6000
(Name, Address and Telephone Number of Person
Authorized to receive Notice and Communications)
August 9, 2016
(Date of Event which Requires Filing of this Statement)
if the filing
person has previously filed a statement on schedule 13g to report the acquisition that is the subject of this schedule 13d, and
is filing this schedule because of §§
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check
the following box
¨
.
Note:
Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See
RULE
13d-7
for other parties to whom copies are to be sent.
*
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 disclosures provided in a prior
cover page.
The information
required on 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).
1.
|
NAMES
OF REPORTING PERSONS.
Stephen
P. Mandracchia
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A)
¨
(B)
¨
|
3.
|
SEC
USE ONLY
|
4.
|
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
Personal
Funds (PF)
|
5.
|
CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
NUMBER
OF
SHARES
|
7.
|
SOLE
VOTING POWER
1,628,961
(of which 747,961 shares are held of record in the name of Reporting Person’s spouse and 438,000 Shares are issuable
upon exercise of options)
|
BENEFICIALLY
OWNED
BY
EACH
REPORTING
|
8.
|
SHARED
VOTING POWER
0
|
PERSON
WITH
|
9.
|
SOLE
DISPOSITIVE POWER
811,000
(of which 438,000 shares are issuable upon exercise of options)
|
|
10.
|
SHARED
DISPOSITIVE POWER
747,961
shares that are held of record in the name of Reporting Person’s spouse
|
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,628,961
(of which 747,961 shares are held of record in the name of Reporting Person’s spouse and 438,000 Shares are issuable
upon exercise of options)
|
12.
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
|
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
|
14.
|
TYPE
OF REPORTING PERSON*
IN
|
|
Item 1.
|
Security and Issuer
|
This Amendment No.
5 amends and supplements the Schedule 13D, as previously amended by Amendment Nos. 1, 2, 3 and 4 (the “Schedule 13D”),
of Stephen P. Mandracchia (the “Reporting Person”) with respect to his beneficial ownership of the common stock, par
value $.01 per share ("Common Stock"), of Hudson Technologies, Inc., a New York corporation (the "Company"),
whose principal executive offices are located at PO Box 1541, One Blue Hill Plaza, 14
th
Floor, Pearl River, New York
10965. Except as amended hereby, there has been no change in the information contained in the Schedule 13D.
|
Item 2.
|
Identity and Background
|
Item 2 of the Statement is hereby amended
and supplemented as follows:
|
(a)
|
This Statement is being filed by Stephen P. Mandracchia
(the “Reporting Person”).
|
|
(b)
|
The Reporting Person’s business address is PO
Box 1541, One Blue Hill Plaza, Pearl River, New York 10965.
|
|
(c)
|
Reporting Person is presently employed by the Company
and serves as Vice President Legal, Regulatory and as Secretary of the Company.
|
|
(d)
|
The Reporting Person has not, during the last five
(5) years been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
|
|
(e)
|
The Reporting Person has not, during the last five
(5) years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in,
or resulted in the Reporting Person being subject to, a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
|
|
(f)
|
The Reporting Person is a citizen of the United States
of America.
|
|
Item 3.
|
Source and Amount of Funds or Others Consideration
.
|
The source and amount
of all funds used for the purchases of the shares reported in Item 5(c) below were the Reporting Person’s personal funds.
|
Item 4.
|
Purpose of Transaction.
|
The purpose of the
dispositions of the shares of Common Stock reported in Item 5(c) below were to allow the Reporting Person to diversify his investments
and to establish a fund for payment of college tuition for his children, and to make gifts to certain family members. The shares
acquired as reported in Item 5(c) below were acquired by the Reporting Person for investment purposes.
|
Item 5.
|
Interest in Securities of the Issuer.
|
(a) According to the
Company there were issued and outstanding 34,057,964 shares of Common Stock as of November 17, 2016. The Reporting Person beneficially
owns 1,628,961 shares of the Company’s Common Stock, comprising 4.7% of the 34,057,964 shares of the Company’s Common
Stock issued and outstanding as of November 15, 2016, such ownership consisting of (i) 1,190,961 shares of Common Stock, of which
443,000 shares are held of record by the Reporting Person and 747,961 shares are held of record in the name of the Reporting Person’s
spouse, and (ii) 438,000 shares that are issuable upon exercise of options held by the Reporting Person within sixty (60) days.
(b) The
Reporting Person may be deemed to have (i) sole power to vote or direct the vote of 1,628,961 shares, consisting of 443,000 shares
held of record by the reporting person, 747,961 shares held of record in the name of the Reporting Person’s spouse, and 438,000
shares that are issuable upon the exercise of options held by the Reporting Person within sixty (60) days; (ii) sole dispositive
power over 881,000 shares consisting of the 443,000 shares owned of record by the reporting person and the 438,000 shares that
are issuable upon the exercise of options held by the Reporting Person within sixty (60) days, and (iii) shared power to dispose
of the 747,961 shares held of record in the name of the Reporting Person’s spouse.
(c) Between June 19,
2013 and December 30, 2013, the Reporting Person and his spouse collectively made charitable donations of 50,000 shares of the
Company’s Common Stock. On October 1, 2014, the Reporting Person was issued options by the Company to purchase 76,855 shares
of the Company’s Common Stock at an exercise price $3.23 per share, and was issued options by the Company to purchase 28,145
shares of the Company’s Common Stock at an exercise price of $3.55 per share. On December 19, 2014, the Reporting Person
exercised stock options to purchase 37,500 shares of the Company’s Common Stock at exercise prices ranging from $0.87 to
$1.02 per share as more fully set forth on attached Schedule A. Between December 29, 2014 and March 12, 2015, the Reporting Person
and his spouse collectively gifted 58,750 shares of the Company’s Common Stock to certain family members and made a charitable
donation of 5,000 shares of the Company’s Common Stock. Between March 10, 2015 and May 16, 2015, the Reporting Person and
his spouse collectively sold a total of 142,284 shares of the Company’s Common Stock in the open market, as more fully set
forth on the attached Schedule A. On June 11, 2015, the Reporting Person exercised stock options to purchase 91,900 shares of the
Company’s Common Stock at exercise prices ranging from $0.83 to $2.15 per share as more fully set forth on attached Schedule
A. Between July 9, 2015 and June 24, 2016, the Reporting Person and his spouse collectively gifted 21,000 shares of the Company’s
Common Stock to certain family members and made charitable donations of 25,000 shares of the Company’s Common Stock. On July
18, 2016, the Reporting Person was issued options by the Company to purchase 121,510 shares of the Company’s Common Stock
at an exercise price $3.51 per share, and was issued options by the Company to purchase 28,490 shares of the Company’s Common
Stock at an exercise price of $3.86 per share. Between August 9, 2016 and August 10, 2016, the Reporting Person and his spouse
collectively sold a total of 300,000 shares of the Company’s Common Stock in the open market, as more fully set forth on
the attached Schedule A. Between September 23, 2016 and September 26, 2016, the Reporting Person and his spouse collectively
gifted 15,700 shares of the Company’s Common Stock to certain family members. There have been no other transactions in the
class of securities reported or that were effected during the past sixty days by the Reporting Person.
(d) Except for the
Reporting Person’s spouse, no person other than the Reporting Person has the right to receive dividends on, and any proceeds
from the disposition of, any Shares reported as owned by him in Item 5 above.
(e) On August 10, 2016,
the reporting person ceased to be the owner of more than five percent (5%) of the Common Stock.
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.
November 18,
2016
|
|
Date
|
|
|
|
/s/ Stephen P. Mandracchia
|
|
Signature
|
|
|
|
SCHEDULE A to SCHEDULE 13D, AMENDMENT No.
4
|
I.
|
Sales of Hudson Technologies, Inc. $0.01 Common Stock
|
Date
|
# Shares
|
$/Share
|
|
|
|
3/10/15
|
1,800
|
$4.52
|
3/12/15
|
60,457
|
$4.29*
|
3/13/15
|
14,927
|
$4.26*
|
5/6/15
|
65,100
|
$4.493*
|
8/9/16
|
271,742
|
$4.9*
|
8/10/16
|
28,258
|
$4.973*
|
*Weighted average price
|
II
|
Hudson Technologies, Inc. $0.01 Common Stock purchased
through exercise of Stock Options.
|
Date Exercised
|
Date Issued
|
# Shares
|
Exercise Price
|
|
|
|
|
12/19/14
|
4/1/05
|
6,250
|
$0.87
|
12/19/14
|
1/3/05
|
31,250
|
$1.02
|
6/11/15
|
7/8/05
|
6,250
|
$0.83
|
6/11/15
|
9/30/05
|
6,250
|
$2.15
|
6/11/15
|
12/29/05
|
6,250
|
$1.76
|
6/11/15
|
12/29/05
|
45,000
|
$1.76
|
6/11/15
|
3/31/06
|
20.750
|
$1.40
|
6/11/15
|
10/10/06
|
7,400
|
$1.02
|
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