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
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- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Amendment No. 5)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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The McClatchy Company
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(Name of Issuer)
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Class A Class A Common Stock, Par Value $0.0001 per share
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(Title of Class of Securities)
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579489303
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(CUSIP Number)
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Bluestone Financial LTD
Vanterpool Plaza, 2ndFloor, Wickhams Cay I, Road Town,
Tortola, British Virgin Islands
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Name, Address and Telephone Number of Person
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Authorized to Receive Notices and Communications)
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November 22, 2019
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Date of Event which Requires Filing of this Statement)
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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 Rule 13d-1(e), 13d-1(f) or 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 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 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. 579489303 |
SCHEDULE 13D
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1
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NAMES OF REPORTING PERSONS
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BLUESTONE FINANCIAL LTD .
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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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☒
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(b)
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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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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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| WC |
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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BRITISH VIRGIN ISLANDS (BVI)
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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| 777,000 |
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8
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SHARED VOTING POWER
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| 0 |
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9
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SOLE DISPOSITIVE POWER
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| 777,000 Shares |
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10
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SHARED DISPOSITIVE POWER
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| 0 |
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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| 777,000 Shares |
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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| 14.12% |
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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| FI |
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United States
Securities and Exchange Commission
| Item 1. |
Security and Issuer
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The name of the issuer is The McClatchy Company, a Delaware corporation (the “Issuer”). The address of the Issuer’s principal executive offices is 2100 “Q” Street, Sacramento, CA 95816. This report on Schedule 13D (this “Schedule
13D”) relates to the Issuer’s Class A Common Stock, par value $.01 per share (the “Common Stock”).
| Item 2. |
Identity and Background
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a)
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Bluestone Financial LTD (“Bluestone Reporting Person”)
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b)
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The purpose of the business of the Bluestone Reporting person is Financial Investing. The Bluestone Reporting Person is a Limited Company incorporated under the laws of Bristish virgin Islands. David Tomasello
is the Managing Director of the Bluestone Reporting Person.
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c)
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The address(es) of the Bluestone Reporting Person is: Vanterpool Plaza, 2ndFloor, Wickhams Cay I, Road Town, Tortola, British Virgin Islands.
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d)
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None
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e)
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None
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f)
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Organized in BVI
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| Item 3. |
Source and Amount of Funds or Other Consideration
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The Reporting Person used working capital to make all acquisitions of Class A Common Stock currently owned.
| Item 4. |
Purpose of Transaction
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The Reporting Person purchased the shares of Common Stock reported in this Schedule 13D based on the Reporting Person’s belief that The McClatchy Company shares represent an attractive investment opportunity. Local journalism is essential
for any democracy and for making local news global news; from reporting on the wild fires and gun violence in California to the mysterious death of a Florida student at Cornell University after attending a fraternity event.
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Item 5.
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Interest in Securities of the Issuer
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| a) |
Beneficial ownership percentage is based upon 5,502,435 shares of Common Stock of the Issuer issued and outstanding as of November 8, 2019, based on information reported by the Issuer in its quarterly report on Form 10-Q, filed
with the Securities and Exchange Commission on November 13, 2019.
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| b) |
As of the date of this Schedule 13D: The Bluestone Reporting Person owns 777,000 shares of Class A Common Stock which is approximately 14.12% of the total shares of the Company’s Class A Common Stock calculated in accordance with
Rule d-3 promulgated under the Securities Act of 1934
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| Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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As indicated in Item 5 (b), The Bluestone Reporting Person owns 777,000 shares of Class A Common Stock and has granted David Tomasello,
Managing Director of Bluestone , the sole power to vote or direct the vote of 777,000 shares of the Company’s Class A Common Stock.
There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Issuer, other than
those disclosed in the present filing.
| Item 7. |
Material to Be Filed as Exhibits.
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None
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.
Date: November 22, 2019
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s/ David Tomasello
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David Tomasello, as Managing Director of Bluestone Financial LTD
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