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"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)*
FIRSTHAND TECHNOLOGY VALUE FUND, INC.
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)
33766Y100
(CUSIP Number)
DECEMBER 31, 2019
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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☐
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Rule 13d-1(b)
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☐
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Rule 13d-1(c)
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☒
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Rule 13d-1(d)
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*
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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.
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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. 33766Y100
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Page 2 of 5
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1
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NAMES OF REPORTING PERSONS
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Rawleigh Hazen Ralls, IV
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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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
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United States of America
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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113,000
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6
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SHARED VOTING POWER
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200,877
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7
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SOLE DISPOSITIVE POWER
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113,000
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SHARED DISPOSITIVE POWER
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200,877
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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313,877
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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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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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4.37% (1)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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This percentage is calculated based upon 7,178,770 shares of the Issuer’s common stock outstanding as of September 30, 2019 as reported in the Issuer’s Quarterly Report on Form 10-Q (Commission File No. 814-00830) filed with the
Securities and Exchange Commission on November 8, 2019.
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CUSIP No. 33766Y100
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Page 3 of 5
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| Item 1(a) |
Name of Issuer
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Firsthand Technology Value Fund, Inc.
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Item 1(b)
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Address of Issuer’s Principal Executive Office
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150 Almaden Blvd., Suite 1250
San Jose, CA 95113
| Item 2(a) |
Name of Person Filing
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Rawleigh Hazen Ralls, IV
| Item 2(b) |
Address of Principal Business Office or, if none, Residence
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c/o Lacuna, LLC
1100 Spruce Street, Suite 202
Boulder, Colorado 80302
| Item 2(c) |
Citizenship
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United States of America
| Item 2(d) |
Title of Class of Securities
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Common Stock, $0.001 par value
| Item 2(e) |
CUSIP Number
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33766Y100
Item 3
Not applicable.
| Item 4 |
Ownership
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Shares
Held
Directly
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Sole
Voting
Power
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Shared
Voting
Power (1)
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Sole
Dispositive
Power
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Shared
Dispositive
Power (1)
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Beneficial
Ownership
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Percentage
of Class (2)
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Rawleigh Hazen Ralls, IV
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113,000
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113,000
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200,877
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113,000
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200,877
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313,877
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4.37%
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| (1) |
Includes 135,266 shares held by Lacuna Venture Fund LLLP (“Lacuna Venture”) and 65,611 shares held by Lacuna Hedge Fund LLLP (“Lacuna Hedge”). Lacuna Ventures GP LLLP (“Lacuna Ventures GP”) is the general partner of Lacuna Venture.
Lacuna Hedge GP LLLP (“Lacuna Hedge GP”) is the general partner of Lacuna Hedge. Lacuna, LLC is the sole general partner of Lacuna Ventures GP and Lacuna Hedge GP. Mr. Ralls is a managing director of Lacuna, LLC and may be deemed to have
shared power to vote or direct the vote of, and to dispose or direct the disposition of, the securities of the Issuer held by Lacuna Venture and Lacuna Hedge but disclaims beneficial ownership thereof except to the extent of his pecuniary
interest therein.
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| (2) |
This percentage is calculated based upon 7,178,770 shares of the Issuer’s common stock outstanding as of September 30, 2019 as reported in the Issuer’s Quarterly Report on Form 10-Q (Commission File No. 814-00830) filed with the
Securities and Exchange Commission on November 8, 2019.
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CUSIP No. 33766Y100
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Page 4 of 5
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| Item 5 |
Ownership of Five Percent or Less of a Class
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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 of Another Person
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Not applicable.
| Item 7 |
Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company
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Not applicable.
| Item 8 |
Identification and Classification of Members of the Group
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Not applicable.
| Item 9 |
Notice of Dissolution of Group
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Not applicable.
| Item 10 |
Certification
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Not applicable.
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.
EXECUTED this 14th day of February, 2020.
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/s/ Rawleigh H. Ralls, IV
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Rawleigh H. Ralls, IV
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