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
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 12)
KINGSTONE COMPANIES, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
496719105
(CUSIP Number)
|
Michael Feinsod
Infinity Capital, LLC
200 South Service Road
Roslyn, New York 11576
(212) 752-2777
|
Elliot Press, Esq.
c/o Katten Muchin Rosenman LLP
575 Madison Avenue
New York, New York 10022
(212) 940-6348
|
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 5, 2015
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following box ¨.
Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 (the “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.
|
496719105
|
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Infinity Capital Partners, L.P.
|
||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) x
(b) o
|
|
|
3
|
SEC USE ONLY
|
||
|
4
|
SOURCE OF FUNDS *
WC
|
||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
|
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
333,021 shares
|
|
|
8
|
SHARED VOTING POWER
|
||
|
9
|
SOLE DISPOSITIVE POWER
333,021 shares
|
||
|
10
|
SHARED DISPOSITIVE POWER
|
||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
333,021 shares
|
||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.54%
|
||
| < div style="display: block;margin-left: 0pt;text-indent: 0pt;margin-right: 0pt" align="center">14 |
TYPE OF REPORTING PERSON*
PN
|
||
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 9
SCHEDULE 13D
|
CUSIP No.
|
496719105
|
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Infinity Capital, LLC
|
||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) x
(b) o
|
|
|
3
|
SEC USE ONLY
|
||
|
4
|
SOURCE OF FUNDS *
N/A
|
||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
|
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
333,021 shares (comprised of shares held by Infinity Capital Partners, L.P.)
|
|
|
8
|
SHARED VOTING POWER
|
||
|
9
|
SOLE DISPOSITIVE POWER
333,021 shares (comprised of shares held by Infinity Capital Partners, L.P.)
|
||
|
10
|
SHARED DISPOSITIVE POWER
|
||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
333,021 shares (comprised of shares held by Infinity Capital Partners, L.P.)
|
||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.54%
|
||
|
14
|
TYPE OF REPORTING PERSON*
OO
|
||
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 9
SCHEDULE 13D
|
CUSIP No.
|
496719105
|
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Infinity Management, LLC
|
||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) x
(b) o
|
|
|
3
|
SEC USE ONLY
|
||
|
4
|
SOURCE OF FUNDS *
N/A
|
||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
|
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
333,021 shares (comprised of shares held by Infinity Capital Partners, L.P.)
|
|
|
8
|
SHARED VOTING POWER
|
||
|
9
|
SOLE DISPOSITIVE POWER
333,021 shares (comprised of shares held by Infinity Capital Partners, L.P.)
|
||
|
10
|
SHARED DISPOSITIVE POWER
|
||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
333,021 shares (comprised of shares held by Infinity Capital Partners, L.P.)
|
||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.54%
|
||
|
14
|
TYPE OF REPORTING PERSON*
OO
|
||
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 9
SCHEDULE 13D
|
CUSIP No.
|
496719105
|
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Feinsod
|
||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) x
(b) o
|
|
|
3
|
SEC USE ONLY
|
||
|
4
|
SOURCE OF FUNDS *
PF
|
||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
|
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
350,016 shares (comprised of 333,021 shares held by Infinity Capital Partners, L.P. and 16,995 shares held directly)
|
|
|
8
|
SHARED VOTING POWER
|
||
|
9
|
SOLE DISPOSITIVE POWER
350,016 shares (comprised of 333,021 shares held by Infinity Capital Partners, L.P. and 16,995 shares held directly)
|
||
|
10
|
SHARED DISPOSITIVE POWER
|
||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
350,016 shares (comprised of 333,021 shares held by Infinity Capital Partners, L.P. and 16,995 shares held directly)
|
||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
|
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.77%
|
||
|
14
|
TYPE OF REPORTING PERSON*
1N
|
||
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 9
This Amendment No. 12 amends the Statement on Schedule 13D relating to the Common Stock (the "Common Stock") of Kingstone Companies, Inc. (the "Company"), a company organized and existing under the laws of the State of Delaware, filed by Infinity Capital Partners, L.P., a Delaware limited partnership (“Partners”), (ii) Infinity Capital, LLC, a Delaware limited liability company (“Capital”), (iii) Infinity Management, LLC, a Delaware limited liability company (“Management”), and (iv) Michael Feinsod (Partners, Capital, Management and Mr. Feinsod are hereinafter collectively referred to as the "Reporting Persons") on December 8, 2006, as amended by Amendments No. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 and 11 filed on December 19, 2006, December 20, 2006, January 5, 2007, January 30, 2007, March 8, 2007, May 16, 2007, June 28, 2007, August 15, 2007, December 11, 2007, March 20, 2008 and November 3, 2008, respectively. Defined terms used but not otherwise defined in this Amendment No. 9 shall have the meanings ascribed thereto in the Statement on Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended as follows:
The aggregate amount of funds used to purchase the shares of Common Stock held directly in Mr. Feinsod’s retirement account is $25,790. The source of such funds was personal funds of Mr. Feinsod.
Item 4. Purpose of Transaction.
Item 4 is hereby amended by adding the following:
On June 5, 2015, Mr. Feinsod resigned from the Board of Directors of the Company.
Depending upon market conditions and other factors that the Reporting Persons may deem relevant, the Reporting Persons intend to sell additional shares of the Common Stock that they own in open market or privately negotiated transactions.
Item 5. Interest in Securities of the Issuer.
Item 5(a) is hereby amended and restated to read as follows:
(a) The aggregate percentage of the outstanding shares of Common Stock reported owned by each Reporting Person is based upon 7,333,664 shares of Common Stock outstanding as of August 12, 2015 as reported in the Company’s Quarterly Report on Form 10-Q filed on August 12, 2015.
As of the close of business on September 7, 2015:
(i) Partners owns 333,021 shares of Common Stock which constitute approximately 4.54% of the shares of Common Stock outstanding;
Page 6 of 9
(ii) Capital owns no shares of Common Stock directly. As sole general partner of Partners, Capital may be deemed under the provisions of Rule 13d-3 of the Exchange Act Rules, to be the beneficial owner of the 333,021 shares of Common Stock owned by Partners. Such shares of Common Stock constitute approximately 4.54% of the shares of Common Stock outstanding;
(iii) Management owns no shares of Common Stock directly. As the Investment Manager of Partners, Management may be deemed under the provisions of Rule 13d-3 of the Exchange Act Rules, to be the beneficial owner of the 333,021 shares of Common Stock that are owned by Partners. Such shares of Common Stock constitute approximately 4.54% of the shares of Common Stock outstanding; and
(iv) Michael Feinsod owns 16,995 shares of Common Stock directly consisting of 6,995 issued to Mr. Feinsod in his capacity as a director of the Company and 10,000 shares acquired by Mr. Feinsod on the open market in his retirement account. As the Managing Member of Capital and Management, the General Partner and Investment Manager, respectively, of Partners, Mr. Feinsod may be deemed under the provisions of Rule 13d-3 of the Exchange Act Rules, to be the beneficial owner of the 333,021 shares of Common Stock, that are owned by Partners. The shares of Common Stock that are beneficially owned by Mr. Feinsod, in the aggregate, constitute approximately 4.77% of the shares of Common Stock outstanding.
Item 5(c) is hereby amended as follows:
(c) Each of the below transactions was effected as an open market sale:
|
Date
|
Number of shares
|
Per Share Price
|
||||||
|
8/28/2015
|
9,100 | $ | 8.410 | |||||
|
8/27/2015
|
1,158 | $ | 8.523 | |||||
|
8/18/2015
|
5,000 | $ | 8.508 | |||||
|
8/12/2015
|
8,000 | $ | 7.701 | |||||
|
7/30/2015
|
5,000 | $ | 7.524 | |||||
|
7/29/2015
|
7,900 | $ | 7.562 | |||||
|
7/27/2015
|
700 | $ | 7.653 | |||||
|
7/14/2015
|
5,000 | $ | 7.601 | |||||
|
7/13/2015
|
10,000 | $ | 7.521 | |||||
|
7/2/2015
|
2,594 | $ | 7.501 | |||||
|
7/1/2015
|
7,406 | $ | 7.523 | |||||
|
6/18/2015
|
4,401 | $ | 7.604 | |||||
|
6/9/2015
|
10,000 | $ | 7.528 | |||||
|
6/8/2015
|
10,000 | $ | 7.55 | |||||
Page 7 of 9
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: September 8, 2015
|
INFINITY CAPITAL PARTNERS, L.P.
By: Infinity Capital, LLC, its General Partner
By: /s/ Michael Feinsod
Name: Michael Feinsod
Title: Managing Member
INFINITY CAPITAL, LLC
By: /s/ Michael Feinsod
Name: Michael Feinsod
Title: Managing Member
INFINITY MANAGEMENT, LLC
By: /s/ Michael Feinsod
Name: Michael Feinsod
Title: Managing Member
/s/ Michael Feinsod
Michael Feinsod
|
Page 8 of 9
Exhibit 1
AGREEMENT REGARDING JOINT FILING UNDER RULE 13-D-1(K) OF THE EXCHANGE ACT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned agrees to the filing on behalf of each of a Statement on Schedule 13D, and all amendments thereto, with respect to the shares of common stock of DCAP Group, Inc.
Dated: December 8, 2006
|
INFINITY CAPITAL PARTNERS, L.P.
By: Infinity Capital, LLC, its General Partner
By: /s/Michael Feinsod
Name: Michael Feinsod
Title: Managing Member
INFINITY CAPITAL, LLC
By: Infinity Capital, LLC, its General Partner
By: /s/Michael Feinsod
Name: Michael Feinsod
Title: Managing Member
INFINITY MANAGEMENT, LLC
By: Infinity Capital, LLC, its General Partner
By: /s/Michael Feinsod
Name: Michael Feinsod
Title: Managing Member
|
Page 9 of 9