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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
The Cato Corporation
(Name of
Issuer)
Class A Common Stock
(Title of Class of Securities)
149205106
(CUSIP Number)
December 31, 2022
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐
Rule 13d-1(b)
☐
Rule 13d-1(c)
☒
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).
1
NAMES OF REPORTING PERSONS
S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)
John P. D. Cato
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
☐
(b)
☐
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER
OF
SHARES
BENEFICIAL LY
OWNED
BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
2,863,821 (1)(2)
6
SHARED VOTING POWER
24,654 (2)(3)
7
SOLE DISPOSITIVE POWER
2,863,821 (1)(2)
8
SHARED DISPOSITIVE POWER
24,654 (2)(3)
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,888,475 (1)(2)(3)
10
CHECK IF THE
AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.1% (1)(2)(3)(4)(5)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
CUSIP No. 149205106 13G Page 3 of 7
(1)
Consists of (i) 1,760,652 shares of Class B Common Stock held of record by John P.D. Cato, (ii) 1,049,145 shares of Class A Common Stock
held of record by John P.D. Cato and (iii) 54,024 shares of Class A Common Stock held by John P.D. Cato in the Cato Employee Stock Ownership
Plan.
(2)
Each share of Class B Common stock is convertible at any time into one share of Class A Common Stock at the option of the holder, and upon
the occurrence of certain other events as described in the Amended and Restated Certificate of Incorporation of the Issuer.
(3)
Consists of (i) 3,000 shares of Class B Common Stock held of record by the Reporting Person’s wife, Jane G. Cato, (ii) 13,011 shares of Class A
Common Stock held of record by Jane G. Cato
and (iii) 8,643 shares of Class A Common Stock held by Jane G. Cato in the Cato Employee Stock
Ownership Plan. The Reporting Person disclaims beneficial ownership of these shares, and the inclusion of and reference to such shares in this
report is subject in all respects to this disclaimer.
(4)
Based on the quotient obtained by dividing (a) the aggregate number of shares of Class A Common Stock and Class B Common Stock
beneficially owned by the Reporting Person as set forth in Row 9 by (b) the sum of (i) 18,721,781 shares of Class A Common Stock
outstanding as of December 31, 2022, as reported by the Issuer to the Reporting Person, and (ii) 1,763,652 shares of Class B Common Stock
beneficially
owned by
Person as set forth in clauses “(a)” and “(b)” of this footnote are treated as converted into Class A Common Stock only for the purpose of
computing the percentage ownership of the Reporting Person.
(5)
Each share of Class A Common Stock is entitled to one vote and each share of Class B Common Stock is entitled to ten votes. There were
1,763,652 shares of Class B Common Stock outstanding as of December 31, 2022, as reported by the Issuer to the Reporting Person, all of
which were beneficially owned by the Reporting Person as set forth in footnote “(4)” immediately above. The percentage reported does not
reflect the ten for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock
for the purpose of this report. The 1,763,652 shares of Class B Common Stock and 1,124,823 shares of Class A Common Stock beneficially
owned by Reporting Person represent 51.6% of the aggregate combined voting power of the Company’s Class A Common Stock and Class B
Common Stock as of December 31, 2022.
Item 1(a)
Name
of Issuer
: The Cato Corporation
Item 1(b)
Address of Issuer’s Principal Executive Offices
: 8100 Denmark Road, Charlotte, NC 28275
Item 2(a)
Name of
Person Filing
: John P.D. Cato
Item 2(b)
Address of Principal Business Office or, if none, Residence
:
The address for the principal business office of John P.D. Cato is:
c/o The Cato Corporation .
8100 Denmark Road, Charlotte, NC 28275
Item 2(c)
Citizenship
: John P.D. Cato - United States
Item 2(d)
Title of Class of Securities
: Class A Common Stock, par value $0.033 per share
Item
2(e)
:
149205106
Item 3
If this statement is filed pursuant to §§240.13d-1(b) or 240.1 3d -2(b) or (c), check whether the person filing is a
:
This statement is not filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c).
Item 4
Ownership
:
(a) Amount beneficially owned:
2,888,475 (1)(2)(3)
(b) Percent of class:
14.1% (1)(2)(3)(4)(5)
(c) Number of shares as to which the person has:
(i)
Sole power to vote or direct the vote or to direct the vote:
2,
863,821
(1)(2)
(ii)
Shared power to vote or to direct the vote:
(iii)
Sole power to dispose or to direct the disposition of:
2,863,821 (1)(2)
(iv)
Shared power to dispose of or direct the disposition of: 24,654
(2)(3)
CUSIP No. 149205106 13G Page 5 of 7
(1)
Consists of (i) 1,760,652 shares of Class B Common Stock held of record by John P.D. Cato, (ii) 1,049,145 shares of Class A Common Stock
held of record by John P.D. Cato and (iii) 54,024 shares of Class A Common Stock held by John P.D. Cato in the Cato Employee Stock Ownership
Plan.
(2)
Each share of Class B Common stock is convertible at any time into one share of Class A Common Stock at the option of the holder, and upon
the occurrence of certain other events as described in the Amended and Restated Certificate of
Incorporation of the Issuer.
(3)
Consists of (i) 3,000 shares of Class B Common Stock held of record by the Reporting Person’s wife, Jane G. Cato, (ii) 13,011 shares of Class A
Common Stock held of record by Jane G. Cato and (iii) 8,643 shares of Class A Common Stock held by Jane G. Cato in the Cato Employee Stock
Ownership Plan. The Reporting Person disclaims beneficial ownership of these shares, and the inclusion of and reference to such shares in this
report is subject in all respects to this disclaimer.
(4)
Based on the quotient obtained by dividing (a) the aggregate number of shares of Class A Common Stock and Class B Common Stock
beneficially owned by the Reporting Person as set forth in Row 9 by (b) the sum of (i) 18,721,781 shares of Class A Common Stock
outstanding as of December 31, 2022, as reported by the Issuer to the Reporting Person, and (ii) 1,763,652 shares of Class B Common Stock
beneficially
owned by
Person as set forth in clauses “(a)” and “(b)” of this footnote are treated as converted into Class A Common Stock only for the purpose of
computing the percentage ownership of the Reporting Person.
(5)
Each share of Class A Common Stock is entitled to one vote and each share of Class B Common Stock is entitled to ten votes. There were
1,763,652 shares of Class B Common Stock outstanding as of December 31, 2022, as reported by the Issuer to the Reporting Person, all of
which were beneficially owned by the Reporting Person as set forth in footnote “(4)” immediately above. The percentage reported does not
reflect the ten for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock
for the purpose of this report. The 1,763,652 shares of Class B Common Stock and 1,124,823 shares of Class A Common Stock beneficially
owned by Reporting Person represent 51.6% of the aggregate combined voting power of the Company’s Class A Common Stock and Class B
Common Stock as of December 31, 2022.
CUSIP No. 30303M 102 13G Page 6 of 7
Item 5
Ownership of Five Percent or Less of a Class
: Not applicable.
Item 6
Ownership of More than Five Percent on Behalf of Another Person
: Not applicable.
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
Certifications
: Not applicable.
CUSIP No. 30303M 102 13G Page 7 of 7
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: January 27, 2023
John P. D. Cato
/s/ John P. D. Cato
Name: John P. D. Cato