Amended Statement of Ownership (sc 13g/a)
February 15 2017 - 5:25PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
FreeSeas Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
Y26496219
(CUSIP Number)
December 31, 2016
(Date of Event Which Requires Filing of this
Statement)
Check the appropriate box to designate the
rule pursuant to which this Schedule is filed:
*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).
CUSIP No.
Y26496219
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1.
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Name of Reporting Person.
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I.R.S. Identification Nos. of above persons (entities only).
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Crede CG III, Ltd.
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
¨
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(b)
¨
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization Bermuda
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Number of
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5.
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Sole Voting Power
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0
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Shares
Beneficially
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Owned by Each
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6.
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Shared Voting Power
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0
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Reporting
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Person With:
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7.
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Sole Dispositive Power
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0
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8.
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Shared Dispositive Power
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0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person 0 (see Item 4)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11.
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Percent of Class Represented by Amount in Row (9) 0% (see Item 4)
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12.
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Type of Reporting Person (See Instructions)
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OO
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CUSIP No.
Y26496219
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1.
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Name of Reporting Person.
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I.R.S. Identification Nos. of above persons (entities only).
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Crede Capital Group, LLC
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
¨
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(b)
¨
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization Delaware
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Number of
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5.
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Sole Voting Power
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0
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Shares
Beneficially
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Owned by Each
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6.
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Shared Voting Power
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0
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Reporting
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Person With:
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7.
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Sole Dispositive Power
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0
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8.
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Shared Dispositive Power
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0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person 0 (see Item 4)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11.
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Percent of Class Represented by Amount in Row (9) 0% (see Item 4)
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12.
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Type of Reporting Person (See Instructions)
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HC
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CUSIP No.
Y26496219
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1.
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Name of Reporting Person.
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I.R.S. Identification Nos. of above persons (entities only).
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Acuitas Financial Group, LLC
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
¨
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(b)
¨
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization California
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Number of
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5.
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Sole Voting Power
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0
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Shares
Beneficially
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Owned by Each
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6.
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Shared Voting Power
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0
|
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Reporting
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Person With:
|
7.
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Sole Dispositive Power
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0
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8.
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Shared Dispositive Power
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0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person 0 (see Item 4)
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10.
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11.
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Percent of Class Represented by Amount in Row (9) 0% (see Item 4)
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12.
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Type of Reporting Person (See Instructions)
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HC
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CUSIP No.
Y26496219
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1.
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Name of Reporting Person.
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I.R.S. Identification Nos. of above persons (entities only).
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Terren S. Peizer
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
¨
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(b)
¨
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization United States of America
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Number of
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5.
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Sole Voting Power
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0
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Shares
Beneficially
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Owned by Each
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6.
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Shared Voting Power
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0
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Reporting
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Person With:
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7.
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Sole Dispositive Power
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0
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8.
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Shared Dispositive Power
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0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person 0 (see Item 4)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11.
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Percent of Class Represented by Amount in Row (9) 0% (see Item 4)
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12.
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Type of Reporting Person (See Instructions)
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IN
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This Amendment No. 4
is being filed jointly by the Reporting Persons and amends the Schedule 13G initially filed by the Reporting Persons with
the Securities and Exchange Commission (the “
SEC
”) on October 18, 2013, as amended (the “
Schedule 13G
”).
Except as set forth below,
all Items of the Schedule 13G remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings
ascribed to such terms in the Schedule 13G.
Item
4. Ownership.
(a) and (b):
As of the close of business on December
31, 2015, each of the Reporting Persons may be deemed to have beneficial ownership of no shares of Common Stock.
(c) Number of shares as
to which each Reporting Person has:
(i) Sole power to vote or to direct the vote:
0
.
(ii) Shared power to vote or to direct the vote:
0
.
(iii) Sole power to dispose or to direct the disposition
of
0
.
(iv) Shared power to dispose or to direct the disposition
of
0
.
Item 5. Ownership of Five Percent or Less
of a Class.
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 5 percent of the class
of securities, check the following
o
.
Item 10. Certification
By signing below I certify
that, to the best of my knowledge and belief, the securities referred to above 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.
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.
Date: February 15, 2017
|
CREDE GC III, LTD
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By:
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/s/ Terren S. Peizer
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Terren S. Peizer, Managing Director
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CREDE CAPITAL GROUP, LLC
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By:
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/s/ Terren S. Peizer
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Terren S. Peizer, Managing Member
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ACUITAS FINANCIAL GROUP, LLC
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By:
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/s/ Terren S. Peizer
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Terren S. Peizer, Managing Member
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/s/ Terren S. Peizer
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Terren S. Peizer
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