Amended Statement of Beneficial Ownership (sc 13d/a)
January 27 2021 - 06:01AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 16)1
Alaska
Communications Systems Group, Inc.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
|
|
01167P101
|
|
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(CUSIP Number)
|
|
Karen Singer, 212 Vaccaro Drive, Cresskill,
NJ 07626 (Telephone: 201-750-0415)
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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January 22, 2021
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|
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(Date of Event which Requires Filing of this Statement)
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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].
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.
(Continued on following pages)
1
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 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).
CUSIP No.
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01167P101
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13D/A16
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Page 2 of 7
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1
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NAME OF REPORTING PERSON
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Karen Singer
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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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¨
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|
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(b)
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¨
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3
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SEC USE ONLY
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4
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_______________
SOURCE OF FUNDS
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OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2I
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¨
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|
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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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
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2,075,359
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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2,075,359
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10
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SHARED DISPOSITIVE POWER
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0
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,075,359
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12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
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¨
|
|
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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3.86%
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14
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TYPE OF REPORTING PERSON
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IN
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|
|
|
|
|
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CUSIP No.
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01167P101
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13D/A16
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Page 3 of 7
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1
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NAME OF REPORTING PERSON
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TAR Holdings, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
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¨
|
|
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(b)
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¨
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3
|
SEC USE ONLY
|
4
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_______________
SOURCE OF FUNDS
|
OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2I
|
¨
|
|
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
|
2,075,359 [2]
|
8
|
SHARED VOTING POWER
|
0
|
9
|
SOLE DISPOSITIVE POWER
|
2,075,359 [3]
|
10
|
SHARED DISPOSITIVE POWER
|
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
2,075,359
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|
¨
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
3.86%
|
14
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TYPE OF REPORTING PERSON
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OO
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|
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|
|
|
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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.
CUSIP No.
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01167P101
|
13D/A16
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Page 4 of 7
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SCHEDULE
13D/A16
This constitutes Amendment No. 16 (the “Amendment
No. 16”) to the statement on Schedule 13D filed on behalf of Karen Singer, dated and filed December 15, 2017 (as
amended, the “Statement”), relating to 2,075,359 shares (the “Shares”) of common stock, $0.01
par value per share (the “Common Stock”), of Alaska Communications Systems Group, Inc. (the “Issuer”).
Unless specifically amended or modified hereby, the disclosure set forth in the Statement shall remain unchanged.
Item 4. Purpose of the Transaction
Item 4 of the Statement is hereby amended
by adding at the end thereof the following:
The purpose of this Amendment is to report
that, since the filing of the Statement, dated January 8, 2021, a material change occurred in the percentage of Common Stock beneficially
owned by the Reporting Person. This Amendment No. 16 is the final amendment to the Statement and constitutes an exit filing as
the Reporting Person has ceased to be the beneficial owner of more than 5 percent of the referenced class of securities.
Except as described above in this Item 4 and herein and as contemplated by this Amendment No. 16, the Reporting Person 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. The Reporting Person reserves the right to change plans and take any and all
actions that the Reporting Person 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 her, 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 the Reporting Person in light of her
general investment policies, market conditions, subsequent developments affecting the Issuer and the general business and future
prospects of the Issuer. The Reporting Person 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 in its entirety as follows:
The aggregate percentage
of shares of Common Stock reported owned is based upon 53,822,535 shares of Common Stock outstanding as of November 3, 2020, as
reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 9, 2020.
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(a)
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As of the date hereof, TAR Holdings beneficially owns 2,075,359 shares of Common Stock, which shares are held directly by TAR Holdings.
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Percentage: Approximately 3.86%
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(b)
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1. Sole power to vote or direct vote: 2,075,359
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,075,359
4. Shared power to dispose or direct the disposition: 0
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CUSIP No.
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01167P101
|
13D/A16
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Page 5 of 7
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(c)
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The following table details the open market sales through a broker/dealer effected by TAR Holdings, LLC, in the past 60 days that have not been previously reported:
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Date of Transaction
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Amount of Shares Sold
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Price per Share ($)
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1/11/2021
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3,888
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3.3300
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1/11/2021
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5,115
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3.3164
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1/12/2021
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228,498
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3.3102
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1/14/2021
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5,802
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3.3100
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1/19/2021
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162,028
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3.2901
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1/20/2021
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14,798
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3.2900
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1/21/2021
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5,218
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3.3000
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1/21/2021
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103,686
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3.2917
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1/22/2021
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114,060
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3.2901
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1/25/2021
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617,799
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3.2901
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1/25/2021
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177,742
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3.2904
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(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.
B. Ms. Singer
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(a)
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As of the date hereof, Ms. Singer, as the managing member of TAR Holdings, beneficially owns 2,075,359
shares of Common Stock held by TAR Holdings.
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Percentage: Approximately 3.86%
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(b)
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1. Sole power to vote or direct vote: 2,075,359
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,075,359
4. Shared power to dispose or direct the disposition: 0
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CUSIP No.
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01167P101
|
13D/A16
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Page 6 of 7
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(c)
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The following table details the transactions effected by Ms. Singer in the past 60 days that have not been previously reported:
None.
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As of the date hereof, the Reporting
Person beneficially owns an aggregate of 2,075,359 shares of Common Stock, constituting approximately 3.86% of the Shares
outstanding.
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(d)
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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.
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CUSIP No.
|
01167P101
|
13D/A16
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Page 7 of 7
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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: January 26,
2021
KAREN SINGER
/s/ Karen Singer
TAR HOLDINGS, LLC
By: /s/ Karen Singer
Name: Karen Singer
Title: Managing Member
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