Amended Statement of Ownership (sc 13g/a)
February 14 2019 - 10:21AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment
No. 7)*
Aware,
Inc.
Common
Stock
(Title
of Class of
Securities)
05453N100
(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)
[X]
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).
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|
DG Capital Management, LLC
|
|
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
|
|
(a) [ ]
|
|
(b) [X]
|
|
|
3.
|
SEC USE ONLY
|
|
|
|
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
|
Delaware, USA
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
|
SOLE VOTING POWER
|
|
|
|
0
|
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|
6.
|
SHARED VOTING POWER
|
|
|
|
1,783,395*
|
|
|
7.
|
SOLE DISPOSITIVE
POWER
|
|
|
|
0
|
|
|
8.
|
SHARED DISPOSITIVE
POWER
|
|
|
|
1,783,395*
|
|
|
9.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
1,783,395*
|
|
|
10.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
[ ]
|
|
|
11.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
8.28%*
|
|
|
12.
|
TYPE OF REPORTING
PERSON (SEE INSTRUCTIONS)
|
|
|
|
IA
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|
DG Value Partners
II Master Fund, LP
|
|
|
2.
|
CHECK THE APPROPRIATE
BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) [ ]
|
|
(b) [X]
|
|
|
3.
|
SEC USE ONLY
|
|
|
|
|
4.
|
CITIZENSHIP OR PLACE
OF ORGANIZATION
|
|
|
|
Cayman Islands
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
6.
|
SHARED VOTING POWER
|
|
|
|
1,485,283*
|
|
|
7.
|
SOLE DISPOSITIVE
POWER
|
|
|
|
0
|
|
|
8.
|
SHARED DISPOSITIVE
POWER
|
|
|
|
1,485,283*
|
|
|
9.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
1,485,283*
|
|
|
10.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
|
11.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
6.89%*
|
|
|
12.
|
TYPE OF REPORTING
PERSON (SEE INSTRUCTIONS)
|
|
|
|
PN
|
1.
|
NAME
OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|
Dov
Gertzulin
|
|
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a)
[ ]
|
|
(b)
[X]
|
|
|
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
|
|
|
|
0
|
|
|
6.
|
SHARED VOTING POWER
|
|
|
|
1,783,395*
|
|
|
7.
|
SOLE DISPOSITIVE
POWER
|
|
|
|
0
|
|
|
8.
|
SHARED DISPOSITIVE
POWER
|
|
|
|
1,783,395*
|
|
|
9.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
1,783,395*
|
|
|
10.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
|
|
11.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
|
8.28%*
|
|
|
12.
|
TYPE OF REPORTING
PERSON (SEE INSTRUCTIONS)
|
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|
|
IN, HC
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Item 1.
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(a).
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Name of Issuer:
|
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Aware, Inc.
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(b).
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Address of issuer’s principal executive
offices:
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40 Middlesex Turnpike
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Bedford, Massachusetts 01730
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Item 2.
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(a).
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Name of person filing:
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DG Capital Management, LLC
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DG Value Partners II Master Fund, LP
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Dov Gertzulin
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(b).
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Address or principal business office or, if
none, residence:
|
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|
|
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460
Park Avenue, 22nd Floor
New
York, NY 10022
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(c).
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Citizenship:
|
|
|
|
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DG Capital Management, LLC – Delaware,
USA
|
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DG Value Partners II Master Fund, LP –
Cayman Islands
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Dov Gertzulin – United States
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(d).
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Title of class of securities:
|
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Common Units
|
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(e).
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CUSIP No.: 05453N100
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Item 3.
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If This Statement
is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a:
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N/A
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Item 4.
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Ownership.
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Provide the following
information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
|
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(a)
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Amount beneficially owned*:
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DG Capital Management, LLC: 1,783,395
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DG Value Partners II Master Fund, LP: 1,485,283
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Dov Gertzulin – 1,783,395
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(b)
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Percent of class:
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DG Capital Management, LLC: 8.28%
|
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DG Value Partners II Master Fund, LP: 6.89%
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Dov Gertzulin: 8.28%
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote
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DG Capital Management, LLC: 0
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DG Value Partners II Master Fund, LP: 0
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Dov Gertzulin: 0
|
|
|
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(ii)
|
Shared power to vote or to direct the vote
|
|
|
|
|
|
DG Capital Management, LLC: 1,783,395
|
|
|
DG Value Partners II Master Fund, LP: 1,485,283
|
|
|
Dov Gertzulin – 1,783,395
|
|
|
|
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(iii)
|
Sole power to dispose or to direct the disposition
of
|
|
|
|
|
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DG Capital Management, LLC: 0
|
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DG Value Partners II Master Fund, LP: 0
|
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Dov Gertzulin: 0
|
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(iv)
|
Shared power to dispose or to direct the disposition
of
|
|
|
|
|
|
DG Capital Management, LLC: 1,783,395
|
|
|
DG Value Partners II Master Fund, LP: 1,485,283
|
|
|
Dov Gertzulin – 1,783,395
|
*Shares
reported herein are held by private investment funds, including DG Value Partners II Master Fund, LP, and separately managed accounts
(the “DG Entities”) for which DG Capital Management, LLC serves as the investment manager. Dov Gertzulin serves as
the managing member of DG Capital Management, LLC. By virtue of these relationships, the Reporting Persons may be deemed to have
shared voting and dispositive power with respect to the Shares owned directly by the DG Entities. This report shall not be deemed
an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange
Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares
reported herein except to the extent of the Reporting Person’s pecuniary interest therein.
The
percentages herein are calculated based upon a statement in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended
September 30, 2018 that there were 21,545,113 shares of Common Stock issued and outstanding as of October 22, 2018.
Item 5.
|
Ownership of Five
Percent or Less of a Class.
|
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|
If this statement
is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [ ].
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Item 6.
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Ownership of More
Than Five Percent on Behalf of Another Person.
|
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|
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If any other person
is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale
of, such securities, a statement to that effect should be included in response to this item and, if such interest relates
to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company
registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment
fund is not required.
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N/A
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Item 7.
|
If a parent holding
company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach
an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control
person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of
the relevant subsidiary.
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N/A
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Item 8.
|
Identification and
Classification of Members of the Group.
|
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|
If a group has filed
this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity
and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule
13d-1(d), attach an exhibit stating the identity of each member of the group.
|
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N/A
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Item 9.
|
Notice of Dissolution
of Group.
|
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Notice of dissolution
of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.
See Item 5.
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N/A
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Item 10.
|
Certification.
|
|
|
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By signing below
I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.
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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.
Dated: February 14, 2019
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DG Capital Management, LLC
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|
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By:
|
/s/
Dov Gertzulin
|
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Dov Gertzulin, Managing Member
|
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DG Value Partners II Master Fund,
LP
|
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By:
|
/s/
Dov Gertzulin
|
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Dov Gertzulin, Managing Member of the General
Partner,
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DG Capital Partners II, LLC
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Dov Gertzulin
|
|
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By:
|
/s/
Dov Gertzulin
|
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Dov Gertzulin, Individually
|
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