CUSIP No. 205768203
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13D
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Page 5 of 13 Pages
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1.
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Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only).
Carl Westcott, LLC
75-2655092
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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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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Source of Funds
AF
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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)
o
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6.
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Citizenship or Place of Organization
Texas
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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
354,950 (1)
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8.
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Shared Voting Power
0
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9.
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Sole Dispositive Power
354,950 (1)
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10.
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Shared Dispositive Power
0
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
354,950 (1)
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares
o
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13.
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Percent of Class Represented by Amount in Row (11)
2.64% (2)
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14.
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Type of Reporting Person
HC
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(1)
Carl H. Westcott and Court H. Westcott exercise shared voting and disposition power over the 354,950 shares of Common Stock as the managers of Carl Westcott, LLC, the general partner of each of Commodore Partners, which directly owns 334,950 shares of Common Stock, and GK Westcott, which directly owns 20,000 shares of Common Stock.
(2)
The percentage ownership is based on 13,455,559 shares of Common Stock outstanding, as reported by the Issuer in its quarterly report on Form 10-Q filed on November 9, 2016. The number of shares beneficially owned also reflects a 1-for-5 reverse stock split effected by the Issuer on August 1, 2016.
CUSIP No. 205768203
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13D
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Page 6 of 13 Pages
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1.
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Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only).
Court H. Westcott
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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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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Source of Funds
PF
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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)
o
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6.
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Citizenship or Place of Organization
United States of America
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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
10,000 (1)
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8.
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Shared Voting Power
354,950 (2)
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9.
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Sole Dispositive Power
0 (1)
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10.
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Shared Dispositive Power
364,950 (1) (2)
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
364,950 (1) (2)
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares
o
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13.
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Percent of Class Represented by Amount in Row (11)
2.71% (3)
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14.
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Type of Reporting Person
IN
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(1)
Consists of 10,000 shares of Common Stock held of record by Court H. Westcott, Trustee of the Court H. Westcott Living Trust. Carl H. Westcott has shared discretionary authority to purchase and dispose of those shares of Common Stock for the benefit of such reporting person, but does not exercise any voting power with respect to such shares. Carl H. Westcott expressly disclaims beneficial ownership of any such shares of Common Stock.
(2)
Carl H. Westcott and Court H. Westcott exercise shared voting and disposition power over 354,950 shares of Common Stock as the managers of Carl Westcott, LLC, the general partner of each of Commodore Partners, which directly owns 334,950 shares of Common Stock, and GK Westcott, which directly owns 20,000 shares of Common Stock.
(3)
The percentage ownership is based on 13,455,559 shares of Common Stock outstanding, as reported by the Issuer in its quarterly report on Form 10-Q filed on November 9, 2016. The number of shares beneficially owned also reflects a 1-for-5 reverse stock split effected by the Issuer on August 1, 2016.
Item 1. Security and Issuer
This Amendment No. 10 to Schedule 13D (
Amendment No. 10
) amends and supplements the original Schedule 13D filed on June 11, 2015 (as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, and Amendment No. 6, the
Schedule 13D
), Amendment No. 1 to Schedule 13D filed on June 30, 2015 (
Amendment No. 1
), Amendment No. 2 to Schedule 13D filed on July 6, 2015 (
Amendment No. 2
), Amendment No. 3 to Schedule 13D filed on July 20, 2015 (
Amendment No. 3
), Amendment No. 4 to Schedule 13D filed on August 10, 2015 (
Amendment No. 4
), Amendment No. 5 to Schedule 13D filed on May 25, 2016 (
Amendment No. 5
), Amendment No. 6 to Schedule 13D filed on September 6, 2016 (
Amendment No. 6
), Amendment No. 7 to Schedule 13D filed on September 21, 2016 (
Amendment No. 7
), Amendment No. 8 to Schedule 13D filed on December 5, 2016 (
Amendment No. 8
) and Amendment No. 9 to Schedule 13D filed on December 16, 2016 (
Amendment No. 9
). This Amendment No. 10 is filed jointly on behalf of Carl H. Westcott, Commodore Partners, Ltd., G.K. Westcott LP, Carl Westcott, LLC, Court H. Westcott, and Carla Westcott (the
Reporting Persons
) relating to their beneficial ownership of the common stock, par value $0.50 per share (the
Common Stock
) of Comstock Resources, Inc., a Nevada corporation (the
Issuer
), whose principal executive offices are located at 5300 Town and Country Blvd., Suite 500, Frisco, Texas 75034. On August 1, 2016, the Issuer effected a 1-for-5 reverse stock split (the
Reverse Split
).
This Amendment No. 10 is filed pursuant to Rules 13d-1 and 13d-5 under the Securities Exchange Act of 1934, as amended, to reflect a change aggregating more than one percent (1%) in the beneficial ownership of the outstanding Common Stock in which Carl H. Westcott may be deemed to have a beneficial interest. Unless otherwise indicated, all capitalized terms used herein but not defined shall have the same meanings as set forth in the Schedule 13D.
Item 2. Identity and Background
Item 3. Source and Amount of Funds or Other Consideration
The information set forth or incorporated in Items 4 and 6 hereof are incorporated herein by reference.
With respect to each Reporting Person that is a natural person, the shares of Common Stock were acquired with the personal funds of such Reporting Person. The shares of Common Stock held by Commodore Partners, of which Carl Westcott, LLC is the sole general partner, were acquired with funds held by Commodore Partners for the general purpose of investing. The shares of Common Stock held by GK Westcott, of which Carl Westcott, LLC is the sole general partner, were acquired with funds held by GK Westcott for the general purpose of investing.
Item 4. Purpose of Transaction
This Item is being amended and supplemented to add the following:
The information set forth or incorporated in Items 3 and 6 hereof are incorporated herein by reference.
After accounting for all purchases of Common Stock of the Reporting Persons since the filing of Amendment No. 9 (the period of December 16, 2016 through December 30, 2016), a net 178,512 shares of Common Stock were purchased by Carl H. Westcott during such period on his own behalf and on behalf of certain other Reporting Persons for an aggregate price of approximately $1,749,110.
Item 5. Interest in Securities of the Issuer.
This Item is being amended and supplemented to add the following:
(b) The responses in rows 7, 8, 9 and 10 of the cover pages of this Statement are hereby incorporated by reference. Each of Court H. Westcott and Carla Westcott directly holds 10,000 and 19,500 shares of Common Stock, respectively, over which Carl H. Westcott shares dispositive power, but not voting power, pursuant to trading authorizations. Additionally, Carl H. Westcott shares dispositive power, but not voting power, pursuant to trading authorizations, of 11,250, 2,050, and 1,000 shares of Common Stock held by Peter Underwood, Francisco Trejo, Jr., and Rosie Greene, respectively. Commodore Partners holds 334,950 shares of Common Stock, over which Carl H. Westcott holds shared voting and dispositive power with Court H. Westcott as the managers of Carl Westcott, LLC, the sole general partner of Commodore Partners. GK Westcott holds 20,000 shares of Common Stock, over which Carl H. Westcott holds shared voting and dispositive power with Court H. Westcott as the managers of Carl Westcott, LLC, the sole general partner of GK Westcott.