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 [X].
CUSIP No.
|
01167P101
|
13D/A13
|
Page 2 of 7
|
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
|
4,445,964
|
8
|
SHARED VOTING POWER
|
0
|
9
|
SOLE DISPOSITIVE POWER
|
4,445,964
|
10
|
SHARED DISPOSITIVE POWER
|
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
4,445,964
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
[ ]
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
8.4%
|
14
|
TYPE OF REPORTING PERSON*
|
IN
|
|
|
|
|
|
|
|
CUSIP No.
|
01167P101
|
13D/A13
|
Page 3 of 7
|
1
|
NAME OF REPORTING PERSON
|
TAR Holdings LLC
|
|
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
|
4,445,964[2]
|
8
|
SHARED VOTING POWER
|
0
|
9
|
SOLE DISPOSITIVE POWER
|
4,445,964[3]
|
10
|
SHARED DISPOSITIVE POWER
|
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
4,445,964
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
[ ]
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
8.4%
|
14
|
TYPE OF REPORTING PERSON*
|
OO
|
|
|
|
|
|
|
|
[2] As
the managing member of TAR Holdings LLC, Ms. Singer has sole voting power of all securities held by TAR Holdings LLC.
[3] As the managing member of TAR
Holdings LLC, Ms. Singer has sole dispositive power of all securities held by TAR Holdings LLC.
SCHEDULE 13D/A13
This constitutes Amendment No.
13 (the “Amendment No. 13”) 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 $8,489,232, 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 since the filing of Amendment No. 12 to the Statement dated September 12, 2019 a material change occurred in that the
Reporting Person has acquired at least one percent (1%) of the Issuer’ outstanding common stock and is hereby releasing to
the public the statement attached hereto as Exhibit 99.8, and hereby incorporated for reference.
Except as described above in this
Item 4 and herein, Ms. Singer does not currently have any specific plans or proposals that relate to or would result in any of
the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D. Ms. Singer reserves the right to change plans
and take any and all actions that Ms. Singer may deem appropriate to maximize the value of her investments, including, among other
things, purchasing or otherwise acquiring additional securities of the Issuer, selling or otherwise disposing of any securities
of the Issuer beneficially owned by him, in each case in the open market or in privately negotiated transactions, or formulating
other plans or proposals regarding the Issuer or its securities to the extent deemed advisable by Ms. Singer in light of her general
investment policies, market conditions, subsequent developments affecting the Issuer and the general business and future prospects
of the Issuer. Ms. Singer may take any other action with respect to the Issuer or any of the Issuer’s debt or equity securities
in any manner permitted by applicable law.
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 53,011,579 shares of Common Stock outstanding on October 31, 2019 as reported
in the Issuer’s Form 10-K filed on November 8, 2019.
A. TAR HOLDINGS, LLC
(a) As
of the date hereof, TAR beneficially owns 4,445,964 shares of Common Stock, which shares are
held directly by TAR.
Percentage: Approximately
8.4 %
(b) 1.
Sole power to vote or direct vote: 4,445,964[4]
2. Shared power to vote
or direct vote: 0
3. Sole power to dispose
or direct the disposition: 4,445,964[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
|
March 12, 2020
|
50,000
|
$ 1.7214
|
March 12, 2020
|
25,000
|
$ 1.724
|
March 11, 2020
|
65,205
|
S 1.82
|
March 11, 2020
|
9,643
|
$ 1.8184
|
March 10, 2020
|
20,200
|
$ 1.7996
|
March 10, 2020
|
225,990
|
$ 1.80
|
March 9, 2020
|
25,000
|
$ 1.75
|
March 9, 2020
|
25,000
|
$ 1.90
|
March 9, 2020
|
50,000
|
$ 1.815
|
March 9, 2020
|
13,709
|
$ 1.74
|
March 9, 2020
|
25,000
|
$ 1.86
|
March 9, 2020
|
25,000
|
$ 1.81
|
March 6, 2020
|
14,724
|
$ 2.00
|
B. Ms. Singer
(a) As
of the date hereof, Ms. Singer, as the managing member of TAR Holdings, LLC, beneficially owns 4,445,964
shares of Common Stock held by TAR Holdings, LLC.
Percentage: Approximately
8.4 %
[4]
See FN2
[5]
See FN3
(b) 1.
Sole power to vote or direct vote: 4,445,964
2. Shared power to vote
or direct vote: 0
3. Sole power to dispose
or direct the disposition: 4,445,964
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
|
March 12, 2020
|
50,000
|
$ 1.7214
|
March 12, 2020
|
25,000
|
$ 1.724
|
March 11, 2020
|
65,205
|
S 1.82
|
March 11, 2020
|
9,643
|
$ 1.8184
|
March 10, 2020
|
20,200
|
$ 1.7996
|
March 10, 2020
|
225,990
|
$ 1.80
|
March 9, 2020
|
25,000
|
$ 1.75
|
March 9, 2020
|
25,000
|
$ 1.90
|
March 9, 2020
|
50,000
|
$ 1.815
|
March 9, 2020
|
13,709
|
$ 1.74
|
March 9, 2020
|
25,000
|
$ 1.86
|
March 9, 2020
|
25,000
|
$ 1.81
|
March 6, 2020
|
14,724
|
$ 2.00
|
As of the date hereof, the
Reporting Person beneficially owns an aggregate of 4,445,964 shares of Common Stock, constituting
approximately 8.4 % 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.
Item 7. Material
to be filed as Exhibits
Item 7 of the Statement
is hereby amended to add the following:
99.8 Reporting
Person’s Statement of March 12, 2020
After reasonable inquiry
and to the best of her knowledge and belief, each of the undersigned certifies that the information set forth in this statement
is true, complete and correct.
Dated: March 12, 2020
TAR HOLDINGS, LLC By: /s/
Karen Singer
By: /s/ Karen Singer
Name: Karen Singer
Title: Managing Member