Sec Form 13G Filing - Rees Kenneth E. filing for Elevate Credit Inc. (ELVT) - 2020-02-12

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.

  (1) 

Names of reporting persons

Kenneth E. Rees

  (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

U.S.A.

Number of
shares
beneficially
owned by
each
reporting
person

with:

Sole voting power

2,263,706 (1)

Shared voting power

799,492 (2)

Sole dispositive power

2,263,706 (1)

Shared dispositive power

799,492 (2)

  (9) 

Aggregate amount beneficially owned by each reporting person

3,063,198

  (10) 

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

☐

  (11) 

Percent of class represented by amount in Row (9)

6.9%

  (12) 

Type of reporting person (see instructions)

IN

Includes (a) 802,512 shares of common stock issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of December 31, 2019, (b) 65,357 shares of common stock issuable on the vesting of restricted stock units that will vest within 60 days of December 31, 2019, and (c) 924,495 shares held by Kenneth Earl Rees Family Investments, Ltd., an entity controlled by Mr. Rees.

Consists of 799,492 shares owned by Jeanne Margaret Gulner Family Investments, Ltd. The spouse of Mr. Rees is the sole member of 1991 Enterprises, LLC, which is the general partner of Jeanne Margaret Gulner Family Investments, Ltd.

Name of Issuer:

Address of Issuer’s Principal Executive Offices:

Name of Person Filing

Address of Principal Business Office or, if None, Residence

Citizenship

Title of Class of Securities:

CUSIP Number:

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

☐     Broker or dealer registered under Section 15 of the Exchange Act.

☐     Bank as defined in Section 3(a)(6) of the Exchange Act.

☐     Insurance company as defined in Section 3(a)(19) of the Exchange Act.

☐     Investment company registered under Section 8 of the Investment Company Act.

☐     An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

☐     An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

☐     A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).

☐     A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

☐     A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of
         the Investment Company Act.

☐     Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

☐     Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance
         with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Ownership

Amount beneficially owned:

Percent of class:

Number of shares as to which such person has:

Sole power to vote or to direct the vote

Shared power to vote or to direct the vote

Sole power to dispose or to direct the disposition of

Shared power to dispose or to direct the disposition of

Ownership of Five Percent or Less of a Class.

Ownership of More than Five Percent on Behalf of Another Person.

Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent
Holding Company or Control Person.

Identification and Classification of Members of the Group.

Notice of Dissolution of Group.

Certifications.

Exhibit
No.

Document