Sec Form 13D Filing - Parks Nicholas Aaron filing for PARKS AMERICA INC (PRKA) - 2020-01-29

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

 

(Amendment No. 3) ¹

 

Parks! America, Inc.

(Name of Issuer)

Common Stock, Par Value $0.001 per share

(Title of Class of Securities)

 

701455107

(CUSIP Number)

 

 

Nicholas Parks 6000 S. Sinclair Road Columbia, MO 65203

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 28, 2020

(Date of Event which Requires Filing of this Statement)

 

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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐

 

*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.

 

1               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).

 

 

 

SCHEDULE 13D

 

CUSIP No.

701455107

Page 2 of 4 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
	Nicholas Parks
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)	(a)	☐
		(b)	☐
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS)
	PF
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)		☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	US

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER
		1,500,000
	8	SHARED VOTING POWER
		0
	9	SOLE DISPOSITIVE POWER
		1,500,000
	10	SHARED DISPOSITIVE POWER
		0

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,500,000
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	2.00%*
14	TYPE OF REPORTING PERSON
	IN

 

*Based upon 74,821,537 shares of common stock outstanding as of December 5, 2019, as disclosed in its Form 10-K that was filed on December 12, 2019, by the Issuer with the Securities and Exchange Commission. This Amendment No. 3 filing constitutes an exit filing as the Filing Persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.

 

 

Item 4.

Purpose of Transaction .

 

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:

 

On January 28, 2020, Nicholas A. Parks (the “Seller”), entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Focused Compounding Fund, LP for the sale of 4,110,000 shares of Common Stock of the Issuer. These shares were sold in a privately negotiated transaction for a purchase price of $0.26 per share, or $1,068,600.00 in the aggregate. The transactions under the Stock Purchase Agreement closed on January 28, 2019. As a result of the closing of the transactions under the Stock Purchase Agreement, the Reporting Persons beneficially own approximately 2.00% of the Issuer’s outstanding Common Stock.

 

 

Signatures

 

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

 

 

Dated:   January 29, 2020
	By:	/s/ Nicholas Parks
		Nicholas Parks