Sec Form 13G Filing - Hardwood Partners LLC filing for CION Investment Corp (CION) - 2013-01-11

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 13G
 

Under the Securities Exchange Act of 1934
 
(Amendment No. ________________ )*
 
 
CĪON INVESTMENT CORPORATION

(Name of Issuer)
 

COMMON STOCK, $0.001 PAR VALUE

(Title of Class of Securities)

 
17259U 105

(CUSIP Number)

 
 
DECEMBER 17, 2012

(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)
 
ý 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).
 


 

 
Page 1 of 8 pages

 
 

 

 
CUSIP No.  17259U 105
 
1.      Names of Reporting Persons:
 
HARDWOOD PARTNERS, LLC


2.      Check the Appropriate Box if a Member of a Group (See Instructions):
(a)  
(b)  ý


3.      SEC Use Only
 


4.      Citizenship or Place of Organization: WYOMING


 
Number of  Shares Beneficially Owned by Each Reporting Person With:
                   
5.      Sole Voting Power: 0
                      
6.      Shared Voting Power:  94,444.4
                     
7.      Sole Dispositive Power: 0
 
8.      Shared Dispositive Power: 94,444.4
 
9.      Aggregate Amount Beneficially Owned by Each Reporting Person: 94,444.4
 
10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):
 
11.    Percent of Class Represented by Amount in Row (9): 11.2%
 
12.    Type of Reporting Person (See Instructions):  OO
 
 
 
Page 2 of 8 pages

 
 

 

 
CUSIP No.  17259U 105
 
1.      Names of Reporting Persons:
 
JOHN KOREN

2.      Check the Appropriate Box if a Member of a Group (See Instructions):
(a)  
(b)  ý


3.      SEC Use Only
 


4.      Citizenship or Place of Organization: UNITED STATES OF AMERICA 


 
Number of  Shares Beneficially Owned by Each Reporting Person With:
 
5.      Sole Voting Power: 0
                      
6.      Shared Voting Power:  94,444.4
                     
7.      Sole Dispositive Power: 0
 
8.      Shared Dispositive Power: 94,444.4
 
9.      Aggregate Amount Beneficially Owned by Each Reporting Person: 94,444.4
 
10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):
 
11.    Percent of Class Represented by Amount in Row (9): 11.2%
 
12.    Type of Reporting Person (See Instructions):  IN
                   
 

Page 3 of 8 pages

 
 

 


Item 1.

(a) Name of Issuer: CĪON INVESTMENT CORPORATION

(b) Address of Issuer’s Principal Executive Offices: 3 Park Avenue, 36th Floor, New York, New York 10016
 
Item 2.

(a) Name of Persons Filing:
Hardwood Partners, LLC
John Koren
 
All of the securities covered by this report are owned directly by Hardwood Partners, LLC.  John Koren controls Hardwood Partners, LLC.  As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that John Koren is the beneficial owner of any of the securities covered by this statement and John Koren expressly disclaims any equitable or beneficial ownership of such securities.

(b) Address of Principal Business Office or, if none, Residence:

Address for Hardwood Partners, LLC and John Koren:
 
968 Harbor Road
Southport, CT 06890

(c) Citizenship:

Hardwood Partners, LLC was organized under the laws of Wyoming.
John Koren is a United States citizen.

(d) Title of Class of Securities: Common Stock, $0.001 par value

(e) CUSIP Number: 17259U 105
 
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.

Not applicable.



 

Page 4 of 8 pages

 
 

 



Item 4.  Ownership.
 
(a) Amount beneficially owned:  94,444.4
 
(b) Percent of class:  11.2%
 
(c) Number of shares as to which the person has:
 
(i) Sole power to vote or to direct the vote: 0
 
(ii) Shared power to vote or to direct the vote: 94,444.4
 
(iii) Sole power to dispose or to direct the disposition of: 0
 
(iv) Shared power to dispose or to direct the disposition of:  94,444.4
 
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.

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.


 

Page 5 of 8 pages

 
 

 



Item 10. Certifications.

 
By signing below the undersigned certify that, to the best of its/his 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.

 

SIGNATURE
 

After reasonable inquiry and to the best of its/his knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 
January 11, 2013
 
HARDWOOD PARTNERS, LLC
 
By: /s/ John Koren
 
Name: John Koren 
Title: Manager
 
 
 /s/ John Koren
John Koren


 

Page 6 of 8 pages

 
 

 


EXHIBIT INDEX

 
 Exhibit No.  Description
  1   Joint Filing Agreement
 

 
 
Page 7 of 8 pages

 
 

 

 
EXHIBIT 1
 
Joint Filing Agreement
 
In accordance with Rule 13d-1(k)(1) of Regulation 13D-G of the Securities Exchange Act of 1934, the persons or entities below agree to the joint filing on behalf of each of them of the Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock of CĪON Investment Corporation, and agree that such statement is, and any amendments thereto filed by any of them will be, filed on behalf of each of them, and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings.
 
Dated: January 11, 2013

HARDWOOD PARTNERS, LLC
 
By: /s/ John Koren
 
Name: John Koren 
Title: Manager
 
 
 /s/ John Koren
John Koren
 
 
 
 
 
 
Page 8 of 8 pages