Sec Form 13G Filing - GLADSTONE DAVID @ GLADSTONE LD CORP CUM RED PFD

Sec Form 13G Filing - GLADSTONE DAVID filing for GLADSTONE LD CORP CUM RED PFD (LANDO) - 2021-02-02

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. 7)*

Gladstone Land Corporation

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

376549101

(CUSIP Number)

December 31, 2020

(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)

☐ 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).

CUSIP No. 376549101

*	This percentage is calculated based upon 26,743,167 shares of the Issuer’s common stock currently issued and outstanding.


Item 1.	(a)	Name of Issuer

				Gladstone Land Corporation

	(b)	Address of Issuer’s Principal Executive Offices

				1521 Westbranch Drive, Suite 100 McLean, VA 22102

Item 2.	(a)	Name of Person Filing

				David Gladstone

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

				1521 Westbranch Drive, Suite 100 McLean, VA 22102

	(c)	Citizenship

				United States

	(d)	Title of Class of Securities

				Common Stock, $0.001 par value per share

	(e)	CUSIP Number

				376549101

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:

	(a)	☐	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

	(b)	☐	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

	(c)	☐	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

	(d)	☐	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

	(e)	☐	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

	(f)	☐	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

	(g)	☐	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

	(h)	☐	A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

	(i)	☐	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

	(j)	☐	Group, in accordance with §240.13d-1(b)(1)(ii)(J).

			Not Applicable.

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Item 4.	Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

	(a)	Amount beneficially owned:

		2,513,985

	(b)	Percent of class:

		9.40%*

	(c)	Number of shares as to which the person has:

			(i)	Sole power to vote or to direct the vote 2,298,585

			(ii)	Shared power to vote or to direct the vote 215,400

			(iii)	Sole power to dispose or to direct the disposition of 2,298,585

			(iv)	Shared power to dispose or to direct the disposition of 215,400

		*	This percentage is calculated based upon 26,743,167 shares of the Issuer’s common stock currently issued and outstanding.



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

Item 10.		Certification

		Not Applicable

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: February 2, 2021

/s/ David Gladstone

David Gladstone

Chairman and Chief Executive Officer

Gladstone Land Corporation

Names of reporting persons

David Gladstone

Check the appropriate box if a member of a group (see instructions)

(a) ☐ (b) ☒

SEC use only

Citizenship or place of organization

United States