UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
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.
* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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 (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. |
63245Q105 |
1 | NAMES OF REPORTING PERSONS Robert D. Buckingham |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
AF* | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
United States | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 14,313,904 shares | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 0 shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 14,313,904 shares | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
0 shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
14,313,904 shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
52.5% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
IN |
CUSIP No. |
63245Q105 |
1 | NAMES OF REPORTING PERSONS Robert D. Buckingham Living Trust |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
AF* | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
South Dakota | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 3,457,864 shares | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 0 shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 3,457,864 shares | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
0 shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
3,457,864 shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
12.7% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
CUSIP No. |
63245Q105 |
1 | NAMES OF REPORTING PERSONS H. & E. Buckingham Limited Partnership |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO* | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
South Dakota | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 10,856,040 shares | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 0 shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 10,856,040 shares | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
0 shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
10,856,040 shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
39.8% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
CUSIP No. |
63245Q105 |
Number of | Number of | |||||||||||||||||||
Warrant | Warrant | Net number of | ||||||||||||||||||
Shares | Shares | Warrant | ||||||||||||||||||
Acquired | Withheld by | Shares | ||||||||||||||||||
Upon Exercise | Price Per | Issuer to Pay | Price Per | Issued to | ||||||||||||||||
Exercise Date | of Warrants | Share | Exercise Price | Share | Investors | |||||||||||||||
04/13/2011 |
100,000 | $ | 5.50 | 75,862 | $ | 7.25 | 24,138 | |||||||||||||
04/20/2011 |
57,683 | $ | 5.50 | 42,188 | $ | 7.52 | 15,495 | |||||||||||||
05/06/2011 |
57,683 | $ | 5.50 | 41,854 | $ | 7.58 | 15,829 | |||||||||||||
06/03/2011 |
100,000 | $ | 5.50 | 68,493 | $ | 8.03 | 31,507 | |||||||||||||
06/06/2011 |
25,000 | $ | 5.50 | 17,166 | $ | 8.01 | 7,834 | |||||||||||||
06/08/2011 |
57,683 | $ | 5.50 | 39,756 | $ | 7.98 | 17,927 | |||||||||||||
06/09/2011 |
179,063 | $ | 5.50 | 122,798 | $ | 8.02 | 56,265 | |||||||||||||
06/10/2011 |
53,422 | $ | 5.50 | 36,681 | $ | 8.01 | 16,741 | |||||||||||||
06/21/2011 |
80,261 | $ | 5.50 | 54,499 | $ | 8.10 | 25,762 | |||||||||||||
06/27/2011 |
66,052 | $ | 5.50 | 42,243 | $ | 8.60 | 23,809 | |||||||||||||
07/20/2011 |
28,853 | $ | 5.50 | 17,194 | $ | 9.23 | 11,659 | |||||||||||||
07/25/2011 |
334,979 | $ | 5.50 | 184,979 | $ | 9.96 | 150,000 | |||||||||||||
08/01/2011 |
28,853 | $ | 5.50 | 15,886 | $ | 9.99 | 12,967 | |||||||||||||
10/06/2011 |
284,965 | $ | 5.50 | 206,497 | $ | 7.59 | 78,468 |
CUSIP No. |
63245Q105 |
Percentage of Shares of | ||||||||
Common Stock | ||||||||
Name | Shares of Common Stock Beneficially Owned | Beneficially Owned | ||||||
Robert D. Buckingham |
14,313,904 Shares (1),(2),(3) | 52.5 | % | |||||
Robert D. Buckingham Living Trust |
3,457,864 Shares (1) | 12.7 | % | |||||
H. & E. Buckingham Limited
Partnership |
10,856,040 Shares (2)(3) | 39.8 | % |
1 | Consists of shares of Common Stock held in the Robert D. Buckingham Living Trust, for which Mr. Buckingham serves as sole trustee. | |
2 | Consists of shares of Common Stock held in the H. & E. Buckingham Limited Partnership, of which Mr. Buckingham is the general partner. Includes Warrants to purchase 277,116 shares of Common Stock at an exercise price of $5.50. | |
3 | Mr. Buckingham disclaims beneficial ownership of the securities beneficially owned by H. & E. Buckingham Limited Partnership, except to the extent of his equity interest in the H. & E. Buckingham Limited Partnership. |
Number of | Number of | Net Number | ||||||||||||||||||||||||||
Warrant | Warrant | of Warrant | Where and How | |||||||||||||||||||||||||
Shares | Price Per | Shares | Price Per | Shares | Transaction was | |||||||||||||||||||||||
Name | Trade Date | Acquired | Share | Disposed | Share | Acquired | Effected | |||||||||||||||||||||
Reporting Person |
08/01/2011 | 28,853 | $ | 5.50 | * | 15,886 | $ | 9.99 | 12,967 | * | Warrant Conversion | |||||||||||||||||
Reporting Person |
10/06/2011 | 284,965 | $ | 5.50 | * | 206,497 | $ | 7.59 | 78,468 | * | Warrant Conversion |
* | The Investors paid the exercise price on a cashless basis, resulting in the Issuers withholding of Warrant Shares to pay the exercise price and issued to the Investors the remaining Warrant Shares. See Item 3 above. |
CUSIP No. |
63245Q105 |
/s/ Robert D. Buckingham | ||||
Robert D. Buckingham | ||||
ROBERT D. BUCKINGHAM LIVING TRUST |
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By: | /s/ Robert D. Buckingham, Trustee | |||
Robert D. Buckingham, Trustee | ||||
H. & E. BUCKINGHAM LIMITED PARTNERSHIP |
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By: | Robert D. Buckingham, General Partner | |||
Robert D. Buckingham, General Partner |