Sec Form 13D Filing - WILLIS CHARLES F IV filing for WILLIS LEASE FINANCE CORP (WLFC) - 2021-03-23

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 22)

 

Willis Lease Finance Corporation

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

970646 10 5

(CUSIP Number)

 

Charles F. Willis, IV

c/o Willis Lease Finance Corporation

4700 Lyons Technology Parkway

Coconut Creek, Florida 33073

(415) 408-4700

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

March 16, 2021**

Date of Event Which Requires Filing of this Statement

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this statement, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7(b) for other parties to whom copies are to be sent.

 

The share numbers listed for voting and dispositive power as of a particular date include the number of shares into which options were exercisable or would be exercisable within 60 days of such date.

 

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 (the “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).

 

**This Schedule 13D/A is being filed solely to update the percent of class beneficially owned by the reporting persons.

 

 

 


 

March 23, 2021

CUSIP No. 970646 10 5

 

 

1

Names of Reporting Persons:
CFW Partners, L.P.
I.R.S. Identification Nos. of above persons (entities only).
68-0392529

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO, PF

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
2,134,148

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
2,134,148

 

 

11

Aggregate Amount Beneficially Owned
2,134,148

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
32.44%

 

 

14

Type of Reporting Person
PN

 

2


 

March 23, 2021

CUSIP No. 970646 10 5

 

 

1

Names of Reporting Persons:
Charles F. Willis, IV
I.R.S. Identification Nos. of above persons (entities only).

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO, PF

 

 

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 of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
802,402

 

8

Shared Voting Power
2,141,550

 

9

Sole Dispositive Power
518,402

 

10

Shared Dispositive Power
1,857,550

 

 

11

Aggregate Amount Beneficially Owned
2,943,952

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
44.75%

 

 

14

Type of Reporting Person
IN

 

3


 

March 23, 2021

CUSIP No. 970646 10 5

 

 

1

Names of Reporting Persons:
Austin Chandler Willis
I.R.S. Identification Nos. of above persons (entities only).

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO, PF

 

 

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 of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
102,537

 

8

Shared Voting Power
660,895

 

9

Sole Dispositive Power
63,838

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned
763,432

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
11.61%

 

 

14

Type of Reporting Person
IN

 

4


 

The Schedule 13D filed with the Securities and Exchange Commission on December 11, 2000 (the “Initial 13D”) by CFW Partners, the Trust and Mr. Charles F. Willis, IV with respect to the Common Stock, par value $0.01 per share (the “Shares”), issued by Willis Lease Finance Corporation, a Delaware corporation (the “Issuer”), as amended on August 28, 2013, October 1, 2013, July 7, 2015, December 23, 2015, March 23, 2016, May 20, 2016, June 8, 2016, October 6, 2016, April 4, 2018, September 13, 2018, April 1, 2019, June 27, 2019, September 16, 2019, November 4, 2019, February 10, 2020, March 10, 2020, March 16, 2020, April 6, 2020, August 26, 2020, September 17, 2020, and March 16, 2021 (together with the Initial 13D, the “13D”), is hereby amended as set forth below.  Capitalized terms not defined herein have the meanings ascribed to them in the 13D.

 

Item 5.  Interest in Securities of the Issuer

 

Item 5 of the 13D is hereby amended to add the following:

 

(a) As of March 16, 2021, the Reporting Persons beneficially owned the following Shares:

 

· Austin C. Willis: 763,432

· Charles F. Willis, IV: 2,943,952

· CFW Partners: 2,134,148

 

(b) As of September 15, 2020, the Reporting Persons had the power to vote, dispose of or direct the vote or disposition of the following Shares:

 

Austin C. Willis:

 

 

 

 

 

 

 

Sole Voting Power

 

102,537

 

 

 

 

 

Shared Voting Power

 

660,895

 

 

 

 

 

Sole Dispositive Power

 

63,838

 

 

 

 

 

Shared Dispositive Power

 

0

 

 

 

 

 

Total beneficially owned

 

763,432

 

 

Charles F. Willis, IV

 

 

 

 

 

 

 

Sole Voting Power

 

802,402

 

 

 

 

 

Shared Voting Power

 

2,141,550

 

 

 

 

 

Sole Dispositive Power

 

518,402

 

 

 

 

 

Shared Dispositive Power

 

1,857,550

 

 

 

 

 

Total beneficially owned

 

2,943,952

 

 

CFW Partners:

 

 

 

 

 

 

 

Shared Voting Power

 

2,134,148

 

 

 

 

 

Shared Dispositive Power

 

2,134,148

 

 

 

 

 

Total beneficially owned

 

2,134,148

 

 

5


 

(c) Not applicable.

 

(d) No person(s) other than the Reporting Persons 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 the Issuer beneficially owned by the Reporting Persons.

 

(e) Not applicable.

 

Item 7.  Materials to be Filed as Exhibits

 

Item 7 is hereby amended and supplemented by adding the following exhibits as the last exhibits of Item 7 of the 13D:

 

1.          Joint Filing Agreement

 

6


 

SIGNATURES

 

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.

 

 

CFW PARTNERS, L.P.

 

 

 

 

 

 

Date: March 23, 2021

By:

/s/ Charles F. Willis, IV

 

 

Charles F. Willis, IV

 

 

its General Partner

 

 

 

 

 

 

Date: March 23, 2021

By:

/s/ Charles F. Willis, IV

 

 

Charles F. Willis, IV

 

 

 

 

 

 

Date: March 23, 2021

By:

/s/ Austin Chandler Willis

 

 

Austin Chandler Willis

 

7


 

EXHIBIT 1

 

JOINT FILING AGREEMENT

 

Agreement among CFW Partners, L.P., a Delaware limited partnership, Charles F. Willis, IV and Austin Chandler Willis, whereby, in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, each of the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D with respect to the equity securities of Willis Lease Finance Corporation and further agree that this Joint Filing Agreement be included as an exhibit to such joint filing, provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other person making the filing, unless such person knows or has reason to believe that such information is inaccurate.

 

In evidence thereof the undersigned, being duly authorized, hereby execute this Joint Filing Agreement in counterpart as of this 23rd day of March 2021.

 

 

CFW PARTNERS, L.P.

 

 

 

Date: March 23, 2021

By:

/s/ Charles F. Willis, IV

 

 

Charles F. Willis, IV,

 

 

its General Partner

 

 

 

Date: March 23, 2021

By:

/s/ Charles F. Willis, IV

 

 

Charles F. Willis, IV

 

 

 

Date: March 23, 2021

By:

/s/ Austin Chandler Willis

 

 

Austin Chandler Willis

 

8