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
Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☑.
CUSIP No.
|
01167P101
|
13D/A11
|
Page 2 of 6
|
1
|
NAME OF REPORTING PERSON
Karen Singer
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
|
☐
|
|
|
(b)
|
☐
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
|
OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2I
|
☐
|
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
|
3,626,870
|
8
|
SHARED VOTING POWER
|
0
|
9
|
SOLE DISPOSITIVE POWER
|
3,626,870
|
10
|
SHARED DISPOSITIVE POWER
|
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
3,626,870
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
☐
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
6.8%
|
14
|
TYPE OF REPORTING PERSON*
|
IN
|
|
|
|
|
|
|
|
CUSIP No.
|
01167P101
|
13D/A11
|
Page 3 of 6
|
1
|
NAME OF REPORTING PERSON
TAR HOLDINGS
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
|
☐
|
|
|
(b)
|
☐
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
|
OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2I
|
☐
|
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
|
3,626,8702
|
8
|
SHARED VOTING POWER
|
0
|
9
|
SOLE DISPOSITIVE POWER
|
3.626.8703
|
10
|
SHARED DISPOSITIVE POWER
|
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
3.626.870
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
☐
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
6.8%
|
14
|
TYPE OF REPORTING PERSON*
|
OO
|
|
|
|
|
|
|
|
2 Ms. Singer has sole voting
power with respect to all shares held by TAR Holdings, LLC.
3 Ms. Singer has sole dispositive power with respect to all
shares held by TAR Holdings, LLC.
SCHEDULE 13D/A11
This constitutes Amendment No.
11 (the “Amendment No. 11”) to the statement on Schedule 13D filed on behalf of Karen Singer, dated and filed
December 15, 2017 (as amended, the “Statement”), relating to the common stock, $0.01 par value per share (the
“Common Stock”), of Alaska Communications Systems, Inc. (the “Issuer”). Unless specifically
amended or modified hereby, the disclosure set forth in the Statement shall remain unchanged.
Item 3. Source and Amount
of Funds or Other Consideration
Item 3 is hereby amended and restated
to read as follows:
Ms. Singer is the managing member
of TAR Holdings, LLC, which was created pursuant to that certain Operating Agreement, dated October 28, 2013 (“TAR”).
All of the securities held by TAR were purchased with funds generated and held by TAR. The aggregate amount of funds used for the
purchase of the securities reported herein was approximately $7,028,177.29, including brokerage commissions.
Item 4. Purpose of the
Transaction
Item 4 of the Statement
is hereby amended to add the following:
The purpose of this filing is to
report that as of August 30, 2019, the Reporting Person had acquired an additional one percent (1%) of the outstanding shares of
the Issuer’s Common Stock since the filing of Amendment No. 10 to the Statement on April 29, 2019.
Item 5. Interest in Securities
of the Issuer
Item 5 of the Statement is hereby
amended and restated as follows:
The aggregate percentage of
shares of Common Stock reported owned is based upon 53,532,252 shares of Common Stock outstanding as reported in the Issuer’s
Form 10-K filed on July 31, 2019.
A. TAR HOLDINGS, LLC
(a) As
of the date hereof, TAR Holdings, LLC beneficially owns 3,626,870 shares of Common Stock, which shares are held directly by TAR
Holdings LLC.
Percentage: Approximately
6.8%
|
(b)
|
1. Sole power to vote or direct
vote: 3,626,8704
|
|
|
|
|
|
2. Shared power to vote
or direct vote: 0
|
4
See FN 2.
3. Sole power to dispose
or direct the disposition: 3,626,870 5
4. Shared power to dispose
or direct the disposition: 0
(c) The following table
details the transactions effected by TAR Holdings, LLC in the past 60 days that have not been previously reported:
Date of Transaction
|
Number of Shares Purchased
|
Price Per Share
|
August 30, 2019
|
545,773
|
$1.67
|
B. Ms. Singer
(a) As
of the date hereof, Ms. Singer, as the managing member of TAR Holdings, LLC, beneficially owns 3,626,870 shares of Common Stock
held by TAR Holdings, LLC.
Percentage: Approximately
6.8%
(b) 1.
Sole power to vote or direct vote: 3,626,870
2. Shared power to vote
or direct vote: 0
3. Sole power to dispose
or direct the disposition: 3,626,870
4. Shared power to dispose
or direct the disposition: 0
(c) The following table
details the transactions effected by Ms. Singer in the past 60 days, that have not been previously reported:
Date of Transaction
|
Number of Shares Purchased
|
Price Per Share
|
August 30, 2019
|
545,773
|
$1.67
|
As of the date hereof, the
Reporting Person beneficially owns an aggregate of 3,626,870 shares of Common Stock, constituting approximately 6.8% of the Shares
outstanding.
(d) No
person other than the Reporting Person is known to have the right to receive, or the power to direct the receipt of dividends from,
or proceeds from the sale of, the shares of Common Stock.
(e) Not
applicable.
5
See FN 3.
After reasonable inquiry
and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement
is true, complete and correct.
Dated: September 4, 2019
TAR HOLDINGS, LLC
By: /s/ Karen Singer
Name: Karen Singer
Title: Managing Member