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, DC 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Falcon Minerals Corporation
| (Name of Issuer) |
|
Class A Common Stock, par value $0.0001 per share |
| (Title of Class of Securities) |
30607B109 |
| (CUSIP Number) |
|
|
| December 31, 2020 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)
*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).
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CUSIP No. 30607B109
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SCHEDULE 13G/A
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Page 2
of 8 Pages
|
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1
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NAME OF REPORTING PERSONS
Freestone Investments LLC
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING POWER
0
|
||
|
6
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SHARED VOTING POWER
2,359,164
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7
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SOLE DISPOSITIVE POWER
0
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|||
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8
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SHARED DISPOSITIVE POWER
2,359,164
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|||
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
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12
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TYPE OF REPORTING PERSON
OO
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CUSIP No. 30607B109
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SCHEDULE 13G/A
|
Page
3 of 8 Pages
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1
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NAME OF REPORTING PERSONS
Freestone Capital Management, LLC
|
|||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
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SOLE VOTING POWER
0
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||
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6
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SHARED VOTING POWER
2,509,578
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|||
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7
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SOLE DISPOSITIVE POWER
0
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|||
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8
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SHARED DISPOSITIVE POWER
2,509,578
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|||
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%
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12
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TYPE OF REPORTING PERSON
IA
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CUSIP No. 30607B109
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SCHEDULE 13G/A
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Page 4
of 8 Pages
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1
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NAME OF REPORTING PERSONS
Gary Furukawa
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
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||
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3
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SEC USE ONLY
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|||
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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|||
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
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SOLE VOTING POWER
1,067,616
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6
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SHARED VOTING POWER
2,509,578
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|||
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7
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SOLE DISPOSITIVE POWER
1,067,616
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|||
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8
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SHARED DISPOSITIVE POWER
2,509,578
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|||
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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|||
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
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|||
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12
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TYPE OF REPORTING PERSON
IN
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CUSIP
No. 30607B109
|
SCHEDULE 13G/A
|
Page 5
of 8 Pages
|
| Item 1. | (a) Name of Issuer |
The name of the issuer is Falcon Minerals Corporation (the “Issuer”).
| Item 1. | (b) Address of Issuer’s Principal Executive Offices |
The principal executive offices of the Issuer are located at 510 Madison Avenue, 8th Floor, New York, New York 10022.
| Item 2. | (a) Name of Person Filing: |
This Schedule 13G is hereby filed by the persons set forth below.
Freestone Investments LLC
Freestone Capital Management, LLC
Gary Furukawa
| Item 2. | (b) Address of Principal Business Office, or if None, Residence: |
The address of the principal business office for each Reporting Person is set forth below.
Freestone Investments LLC: 701 Fifth Avenue, Suite 74000, Seattle, Washington 98104
Freestone Capital Management, LLC: 701 Fifth Avenue, Suite 74000, Seattle, Washington 98104
Gary Furukawa: 701 Fifth Avenue, Suite 74000, Seattle, Washington 98104
| Item 2. | ( c) Citizenship: |
Freestone Investments LLC is a Washington limited liability company.
Freestone Capital Management, LLC is a Delaware limited liability company.
Gary Furukawa is a citizen of the United States of America.
| Item 2. | (d) Title of Class of Securities |
Class A Common Stock, par value $0.0001 per share
| Item 2. | (e) CUSIP No.: |
30607B109
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CUSIP No. 30607B109
|
SCHEDULE 13G/A
|
Page 6
of 8 Pages
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Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | o | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) | ¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | |
| (h) | ¨ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | ¨ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); | |
| (k) | ¨ | A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: | |
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CUSIP
No. 30607B109
|
SCHEDULE 13G/A
|
Page
7 of 8 Pages
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Item 4. Ownership
Ownership is incorporated by reference to items 5-9 and 11 of the cover page of each Reporting Person.
Freestone Investments LLC (“FI”) is the general partner of Freestone Advantage Partners III LP (the “Fund”). The number of shares of Class A Common Stock beneficially owned by FI is comprised of 2,359,164 shares held directly by the Fund.
Freestone Capital Management, LLC (“FCM”) is the investment manager of the Fund as well as various managed accounts that own shares of Class A Common Stock. The number of shares of Class A Common Stock beneficially owned by FCM is comprised of 2,359,164 shares held directly by the Fund and 150,414 shares held in managed accounts (other than in respect of Gary Furukawa personally).
The number of shares of Class A Common Stock beneficially owned by Gary Furukawa for which he has sole voting power and sole dispositive power is comprised of shares held directly by an estate planning vehicle indirectly controlled by Mr. Furukawa and his spouse.
The percentage disclosed in item 11 of the cover page of each Reporting Person
is calculated based upon 46,094,183 shares of Class A Common Stock reported to be outstanding as of November 3, 2020 by the Issuer in its Form 10-Q for the quarterly period ended September 30, 2020 and filed with the Securities and Exchange Commission on November 9, 2020.
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 five percent of the class of securities, check the following [ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
Freestone Capital Holdings, LLC (“FCH”), directly or indirectly, owns all of the equity of Freestone Investments LLC and Freestone Capital Management, LLC, and could be deemed to be the beneficial owner of all of the reported securities. Each of Gary Furukawa and Erik Morgan (collectively, the "Directors") are members of FCH’s board of directors. Each of FCH and each of the Directors expressly declares that the filing of this statement on Schedule 13G shall not be construed as an admission that they are, for the purpose of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, beneficial owners of the Securities.
Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
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.
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CUSIP No. 30607B109
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SCHEDULE 13G/A
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Page
8 of 8 Pages
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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.
Dated: February 11, 2021
Freestone Investments LLC | |||
| By: | /s/ Scott W. Akins | ||
| Scott W. Akins, General Counsel & Chief Compliance Officer | |||
Freestone Capital Managment, LLC | |||
| By: | /s/ Scott W. Akins | ||
| Scott W. Akins General Counsel & Chief Compliance Officer | |||
| |||
| By: | /s/ Gary I. Furukawa | ||
| Gary I. Furukawa | |||