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
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
MEDLEY CAPITAL CORP
(Name of Issuer)
COMMON STOCK PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
58503F-10-6
(CUSIP Number)
HOWARD AMSTER
44 COCOANUT ROW
SUITE #B323
PALM BEACH, FL 33480-4069
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 16, 2019
(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.
Note: Schedules filed in paper format shall include a signed original
and five copiesof the schedule, including all
exhibits. See 240.13d-7 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 initialfiling 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).
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
HOWARD AMSTER
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
868,530
8.
SHARED VOTING POWER
2,623,461*
9.
SOLE DISPOSITIVE POWER
868,530
10.
SHARED DISPOSITIVE POWER
2,623,461*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
IN
*These shares are deemed to be beneficially owned by Howard Amster, as a
result his personal ownership and in his capacity as the President of
Pleasant Lakes Apts. Corp, which is the General Partner of Pleasant
Lakes Apts. Limited Partnership, and in his capacity as the trustee
of various trusts as listed
**Denominator is based on the 54,474,211 shares of stock outstanding as
of 12/16/19
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
PLEASANT LAKE - SKOIEN INVESTMENTS LLC
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
6,300
8.
SHARED VOTING POWER
3,485,691*
9.
SOLE DISPOSITIVE POWER
6,300
10.
SHARED DISPOSITIVE POWER
3,485,691*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
PN
*These shares are deemed to be beneficially owned by Pleasant Lake Skoien
InvestmentsLLC, as the Manager
for the entity is Pleasant Lakes Apts Limited Partnerships, of which
the General Partner is Pleasant Lakes Apts
Corp, whose President is Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
PLEASANT LAKE APARTMENTS LP
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
1,468,427
8.
SHARED VOTING POWER
2,023,564*
9.
SOLE DISPOSITIVE POWER
1,468,427
10.
SHARED DISPOSITIVE POWER
2,023,564*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
PN
*These shares are deemed to be beneficially owned by
Pleasant Lake Apts LP, as the General Partner
for the entity is Pleasant Lakes Apts Corp, whose
President is Howard Amster
**Denominator is based on the 54,474,211 shares of stock
outstanding as of December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
HOWARD AMSTER 2019 CHARITABLE REMAINDER UNTIRUST #1
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
157,734
8.
SHARED VOTING POWER
3,334,257*
9.
SOLE DISPOSITIVE POWER
157,734
10.
SHARED DISPOSITIVE POWER
3,334,257*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
OO
*These shares are deemed to be beneficially owned by the Howard Amster
2019 Charitable Remainder Trust #1,
due to the trustee being Howard Amster
**Denominator is based on the 54,474,211 of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #2
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
5,100
8.
SHARED VOTING POWER
3,486,891*
9.
SOLE DISPOSITIVE POWER
5,100
10.
SHARED DISPOSITIVE POWER
3,486,891*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%
14.
TYPE OF REPORTING PERSON (see instructions)
OO
*These shares are deemed to be beneficially owned by the Howard Amster
2019 Charitable Remainder Trust #2, due to the trustee being Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #3
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
2,800
8.
SHARED VOTING POWER
3,489,191*
9.
SOLE DISPOSITIVE POWER
2,800
10.
SHARED DISPOSITIVE POWER
3,489,191*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
OO
*These shares are deemed to be beneficially owned by the Howard Amster 2019
Charitable Remainder Trust #3, due to the trustee being Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding
as of December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #5
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
9,000
8.
SHARED VOTING POWER
3,482,991*
9.
SOLE DISPOSITIVE POWER
9,000
10.
SHARED DISPOSITIVE POWER
3,482,991*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
OO
..
*These shares are deemed to be beneficially owned by the Howard Amster 2019
Charitable Remainder Trust #5, due to the trustee being Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
AMSTER LIMITED PARTNERSHIP
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
34,638
8.
SHARED VOTING POWER
3,457,353*
9.
SOLE DISPOSITIVE POWER
34.638
10.
SHARED DISPOSITIVE POWER
3,457,353*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
PN
*These shares are deemed to be beneficially owned by the Amster Limited
partnership due to the general partner being Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
AMSTER TRADING COMPANY CHARTIABLE REMAINDER UNITRUST UA 09/07/2000
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
25,400
8.
SHARED VOTING POWER
3,466,591*
9.
SOLE DISPOSITIVE POWER
25,400
10.
SHARED DISPOSITIVE POWER
3,466,591*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
OO
*These shares are deemed to be beneficially owned by the Amster Trading
Company Charitable Remainder Unitrust U/A 09/07/2000, due to the
trustee being Amster Trading Company whose President is Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as
of December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUST U/A DTD 03/10/2003
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
129,799
8.
SHARED VOTING POWER
3,362,192*
9.
SOLE DISPOSITIVE POWER
129,799
10.
SHARED DISPOSITIVE POWER
3,362,192*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
OO
*These shares are deemed to be beneficially owned by the Amster
Trading Company Charitable Remainder Unitrust U/A DTD 03/10/2003,
due to the trustee being Amster Trading Company, whose President is Howard
Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
LAUGHLIN HOLDINGS
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
118,400
8.
SHARED VOTING POWER
3,373,591*
9.
SOLE DISPOSITIVE POWER
118,400
10.
SHARED DISPOSITIVE POWER
3,373,591*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
PN
*These shares are deemed to be beneficially owned by the Laughlin
Holdings, as the general partner is Pleasant
Lake Apts Partnership LP, whose general partner is Pleasant Lake
Apts Corp, whose President is Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding
as of December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS .
(ENTITIES ONLY)
RAMAT SECURITIES LTD
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
661,863
8.
SHARED VOTING POWER
2,830,128*
9.
SOLE DISPOSITIVE POWER
661,863
10.
SHARED DISPOSITIVE POWER
2,830,128*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
13.
PERCENT OF CLASS REPRESENTED BY AMO
UNT IN ROW (11)
6.41%
14.
TYPE OF REPORTING PERSON (see instructions)
PN
*These shares are deemed to be beneficially owned by Ramat Securities LTD as
the majority owner is Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
SAMUEL J. HELLER TRUST U/A DTD 08/07/2002
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
4,000
8.
SHARED VOTING POWER
3,487,991*
9.
SOLE DISPOSITIVE POWER
4,000
10.
SHARED DISPOSITIVE POWER
3,487,991
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%**
14.
TYPE OF REPORTING PERSON (see instructions)
OO
*These shares are deemed to be beneficially owned by the Samuel J. Heller
Trust U/A 08/07/2002, due to the trustee being Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
PLEASANT LAKE APARTMENTS CORP
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
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
OHIO
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
3,491,991*
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
3,491,991*
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,491,991
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)
6.41%
14.
TYPE OF REPORTING PERSON (see instructions)
CO
*These shares are deemed to be beneficially owned by Pleasant Lake Apts Corp
as the President is Howard Amster
**Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
BETTY KIMBREW
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 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
7,400
8.
SHARED VOTING POWER
0
9.
SOLE DISPOSITIVE POWER
7,400
10.
SHARED DISPOSITIVE POWER
0
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,400
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)
0.014%*
14.
TYPE OF REPORTING PERSON (see instructions)
IN
* Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
WILLIAM COSTARAS
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 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
3,727
8.
SHARED VOTING POWER
0
9.
SOLE DISPOSITIVE POWER
3,727
10.
SHARED DISPOSITIVE POWER
0
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,727
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)
0.07%*
14.
TYPE OF REPORTING PERSON (see instructions)
IN
* Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
MIRIAM RIVKIN
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 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
2,000
8.
SHARED VOTING POWER
0
9.
SOLE DISPOSITIVE POWER
2,000
10.
SHARED DISPOSITIVE POWER
0
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000
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)
0.004%*
14.
TYPE OF REPORTING PERSON (see instructions)
IN
*Denominator is based on the 54,474,211 shares of stock outstanding as of
December 16, 2019
Item 1. Security and Issuer.
This Schedule 13D relates to the common stock of Medley Capital
Corporation (the Issuer). The principal executive office of the
issuer is 280 Park Avenue, 6th Floor East, New York, NY 10017
Item 2. Identity and Background.
This joint statement on Schedule 13D is being filed by Howard
Amster, Howard Amster 2019 Charitable Remainder Unitrust
#1, Howard Amster 2019 Charitable Remainder Unitrust #2,
Howard Amster 2019 Charitable Remainder Unitrust #3, Howard
Amster 2019 Charitable Remainder Unitrust #5, Amster Trading
Company Charitable Remainder Unitrust U/A DTD 09/07/2000,
Amster Trading Company Charitable Remainder Unitrust U/A DTD
03/10/2003, Amster Limited Partnership, Laughlin Holdings,
Pleasant Lake Apartments LP, Ramat Securites LTD, Pleasant Lake
Apartments Corp,, PLA-Skoien Investments LLC, Samuel J.
Heller Trust U/A DTD 08/07/2002, Betty Kimbrew, William Costaras, and
Miriam Rivkin (together, the (Reporting Persons)). Further
information regarding the Reporting Persons is set forth below;
1) (a)Howard Amster,(b)44 Cocoanut Row Suite B323 Palm Beach, FL 33480
(c) Real estate Investor. President of PleasantLake Apts Corp, which is
the General Partner of Pleasant Lake Apartments LP,
which is the General Partner of Laughlin Holdings, as well the manager
Pleasant Lake Skoien Investments LLC. He is the trustee of the Howard
Amster 2019 Charitable Remainder Unitrust #1, the Howard Amster 2019
Charitable Remainder Unitrust #2, the Howard Amster Charitable Remainder
Unitrust #3, the Howard Amster Charitable Remainder Unitrust #5, and the
Samual J. Heller Trust U/A 08/07/2002. Howard Amster is the general
partner for Amster Limited Partnership. Howard Amster is the President of
Amster Trading Company, which is the trustee of the Amster Trading Company
Charitable Remainder Unitrust U/A DTD 09/07/2000, and the trustee of the
Amster Trading Company Charitable Remainder Unitrust U/A DTD 03/10/2003.
He is the majority owner of Ramat Securities Ltd. All reporting entities are
engaged in investments. He is a registered financial representative with
McDonald Partners LLC, a licensed broker-dealer firm. (d) He has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors in the last five years (e) During the last five years, he was
not a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding such Reporting Person
is or was subject to a judgement, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws
(f) United States Citizen
2)(a) Betty Kimbrew, (b)221 Allyn Blvd Chardon, OH 44024 (c)a registered
financial representative with McDonald Partners LLC, a licensed broker
dealer firm (d) She has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors during the last
five years (e) During the last five years, she was not a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which proceeding such Reporting Person
is or was subject to a judgement, decree, or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any
violation with respect to such laws (f) United States Citizen
3) (a)William Costaras(b) 115 Murwood Dr Mooreland Hills, OH 44022
(c) is a licensed financial representative with McDonald Partners LLC,
a licensed broker dealer firm (d) He has not been convicted in a .
criminal proceeding (excluding traffic violations or similar misdemeanors
during the last five years (e) During the last five years, he was not a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding such Reporting
Person is or was subject to a judgement, decree, or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation
with respect to such laws (f) United States Citizen
4) (a)Miriam Rivkin, a United States Citizen, (b) 3736 Shannon Road,
Cleveland Heights, OH 44118 (c)Teacher. Her husband, Steven Rivkin,
is a registered financial representative with McDonald Partners LLC,
a licensed broker dealer firm(d) She has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors
during the last five years (e) During the last five years, she was not a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which proceeding such Reporting Person is or was
subject to a judgement, decree, or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws orfinding any violation with respect to such laws
(f) United States Citizen
Item 3. Source or Amount of Funds or Other Consideration.
Source of Funds for all Reporting Persons for purchases is personal
funds and working capital.
Item 4. Purpose of Transaction.
The Reporting Persons acquired shares of the Common Stock for
investment purposes. The Reporting Persons, in their ordinary course of
business, regularly review their equity interest in the issuer.
While the reporting persons have no present intention to dispose of all or
any portion of the Common Stock beneficially owned by them, any such sales of
the Common Stock may be made in the open market, privately negotiated
transactions,or otherwise.
Depending on their assessment of the of the forgoing factors, the
reporting persons may, from time to time, modify their
present intention as stated in this item 4. In addition, they may at
their discretion purchase additional shares of common stock
Except as set forth above, the Reporting Persons do not have at this time
any specific plans which would result in (a) the acquisition by the Reporting
Persons of additional securities of the Issuer or the disposition by the
Reporting Persons of securities of the Issuer, other than described above
(b) any extraordinary corporate transactions such as a merger,
reorganization, or liquidation involving the Issuer or any of its subsidiaries,
(c) any sale or transfer of a material amount of the assets of the Issuer or
any of its subsidiaries; (d) any change in the present management of board
of directors of the Issuer, including any plans or proposals to change the
number or term of directors, or to fill any existing vacancies on the
Issuer's board of directors; (e) any other material change in the
present capitalization or dividend policy of the Issuer; (f) any other
material change in the Issuer?s business or corporate structure;
(g)any change in the Issuer's charter, bylaws, or instruments
corresponding thereto or other actions which may impede the acquisition
of controlof the Issuer by any person; (h) the Common Stock being
delisted from a national securities exchange or ceasing to be
authorized to be quoted in an inter-dealer quotation system or
a registered national securities association;(i) causing a
class of equity securities of the Issuer to be eligible for termination of
registration pursuant to Section 129(g)(4) of the Act; or (j) any action
similar to those enumerated above
Item 5. Interest in Securities of the Issuer.
(a) See Items 11 and 13 of the cover pages of this Schedule 13D,
which Items are incorporated herein by reference, for the aggregate
number of shares and percentage of the Common Stock identified
pursuant to Item 1 beneficially owned by each of the reporting persons
(b) See items 7, 8, 9, and 10 of the cover pages to this Schedule
13D, which Items are incorporated herein by reference, for the aggregate
number of shares of the Common Stock beneficially owned by each of the
Reporting Persons as to which there is sole or shared power to vote or
direct the vote and sole or shared power to dispose or to direct the
disposition of such shares of the Common Stock
Equity and trustee interests of Reporting Persons are listed in Item 2.
Aggregate totals for all of the Reporting Persons are 3,505,118 shares with
a cost of $8,689,177.32, with a total ownership percentage of 6.43%
(c) During the 60 day period ended December 27, 2019, the following
transactions were conducted. All transactions were
conducted on the open market for cash. If the shares were purchased
in multiple transactions in a single trading day, the price per
share reported is the weighted average price
Date Shares Purchased Purchasor Sale Price Price Per Share
10/28/2019 120,700 PLEASANT LAKE APTS LAKE APTS LP $258,847.90 2.1445559
10/29/2019 145,101 PLEASANT LAKE APTS LAKE APTS LP $314,527.43 2.1676448
10/30/2019 68,880 PLEASANT LAKE APTS LAKE APTS LP $49,470.01 2.1700059
10/30/2019 5,900 PLEASANT LAKE APTS LAKE APTS LP $12,822.14 2.1732440
10/31/2019 3,727 WILLIAM COSTARAS $8,235.78 2.2097612
10/31/2019 378,061 PLEASANT LAKE APTS LAKE APTS LP $833,180.96 2.2038267
10/31/2019 2,000 MIRIAM RIVKIN $4,424.12 2.2120600
11/1/2019 164,130 PLEASANT LAKE APTS LAKE APTS LP $358,876.74 2.1865395
11/4/2019 48,600 PLEASANT LAKE APTS LAKE APTS LP $105,798.98 2.1769337
11/5/2019 35,180 PLEASANT LAKE APTS LAKE APTS LP $75,576.71 2.1482862
11/6/2019 68,500 PLEASANT LAKE APTS LAKE APTS LP $146,473.20 2.1382948
11/7/2019 51,515 PLEASANT LAKE APTS LAKE APTS LP $106,890.03 2.0749302
11/8/2019 38,500 PLEASANT LAKE APTS LAKE APTS LP $78,781.35 2.0462688
11/11/2019 40,000 PLEASANT LAKE APTS LAKE APTS LP $80,382.50 2.0095625
11/12/2019 4,728 PLEASANT LAKE APTS LAKE APTS LP $9,502.16 2.0097631
11/12/2019 50,000 RAMAT SECURITIES LTD $100,935.16 2.0187032
11/13/2019 13,734 HOWARD AMSTER 2019 CRUT #1 $27,945.24 2.0347487
11/14/2019 20,000 HOWARD AMSTER 2019 CRUT #1 $40,788.50 2.0394250
11/15/2019 20,000 HOWARD AMSTER $39,647.80 1.9823900
11/18/2019 9,560 HOWARD AMSTER $18,412.51 1.9259947
11/19/2019 8,743 HOWARD AMSTER $16,698.28 1.9063000
11/20/2019 15,000 HOWARD AMSTER $29,921.00 1.9918000
11/21/2019 5,100 HOWARD AMSTER $10,114.71 1.9771000
11/22/2019 5,000 HOWARD AMSTER $10,279.50 2.0496000
11/25/2019 2,200 BETTY KIMBREW $4,582
.86 2.0688000
11/25/2019 2,500 BETTY KIMBREW $5,205.84 2.0697360
11/25/2019 10,000 HOWARD AMSTER $21,017.50 2.0986000
11/27/2019 10,000 RAMAT SECURITIES LTD $21,279.50 2.1248000
12/3/2019 14,000 RAMAT SECURITIES LTD $30,702.90 2.1901000
12/4/2019 6,300 RAMAT SECURITIES LTD $13,793.85 2.1845000
12/5/2019 5,000 RAMAT SECURITIES LTD $11,104.50 2.2146000
12/6/2019 6,000 RAMAT SECURITIES LTD $13,247.70 2.2027000
12/9/2019 10,000 RAMAT SECURITIES LTD $22,298.50 2.2267000
12/10/2019 7,000 RAMAT SECURITIES LTD $15,478.40 2.2067000
12/11/2019 10,000 RAMAT SECURITIES LTD $22,086.50 2.2055000
12/12/2019 13,100 RAMAT SECURITIES LTD $28,344.00 2.1631700
12/13/2019 76,000 RAMAT SECURITIES LTD $160,153.70 2.1047000
12/16/2019 68,120 RAMAT SECURITIES LTD $144,850.06 2.1238000
12/16/2019 102,180 HOWARD AMSTER $217,271.83 2.1238000
12/17/2019 47,400 HOWARD AMSTER $101,589.94 2.1406000
12/17/2019 16,600 HOWARD AMSTER 2019 CRUT #1 $35,582.46 2.1406000
12/17/2019 49,346 RAMAT SECURITIES LTD $320,969.02 2.1406000
12/18/2019 49,100 HOWARD AMSTER 2019 CRUT #1 $103,647.03 2.1083000
12/18/2019 73,633 RAMAT SECURITIES LTD $155,430.95 2.1083000
12/19/2019 39,926 RAMAT SECURITIES LTD $84,945.26 2.1249000
12/20/2019 46,200 RAMAT SECURITIES LTD $99,794.38 2.1574000
12/20/2019 12,810 HOWARD AMSTER $27,674.79 2.1574000
12/23/2019 99,500 HOWARD AMSTER $214,548.65 2.1537000
12/24/2019 46,737 HOWARD AMSTER $97,658.95 2.0869000
12/26/2019 30,000 HOWARD AMSTE $62,637.50 2.0852000
(d) Other than the Reporting Persons, no other person has
the right to receive or direct the receipt of dividends from, or the
proceeds from the sale of, the shares of the Common Stock
(e) Not Applicable
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
There are no contracts, arrangements, understanding, or
relationships have been for with respect to securities of the Issuer
with any person except as set forth in items 2, and 4
Item 7. Material to Be Filed as Exhibits.
No exhibits are attached to this Schedule 13D
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is
true, complete and correct.
HOWARD AMSTER
/s/ Howard Amster
Date: December 27,2019
HOWARD AMSTER 2019 CRUT #1
By; /s/ Howard Amster
Name: Howard Amster
Title: Trustee
Date: December 27, 2019
HOWARD AMSTER 2019 CRUT #2
By; /s/ Howard Amster
Name: Howard Amster
Title: Trustee
Date: December 27, 2019
HOWARD AMSTER 2019 CRUT #3
By; /s/ Howard Amster
Name: Howard Amster
Title: Trustee
Date: December 27, 2019
HOWARD AMSTER 2019 CRUT #5
By; /s/ Howard Amster
Name: Howard Amster
Title: Trustee
Date: December 27, 2019
AMSTER LIMITED PARTNERSHIP LP
By; /s/ Howard Amster
Name: Howard Amster
Title: General Partner
Date: December 27, 2019
AMSTER TRADING COMPANY CRUT U/A DTD
09/07/2000
By; /s/ Howard Amster
Name: Howard Amster
Title: President Amster Trading Company, Trustee
Date: December 27, 2019
AMSTER TRADING COMPANY CRUT U/A DTD
03/10/2003
By; /s/ Howard Amster
Name: Howard Amster
Title: President Amster Trading Company, Trustee
Date: December 27, 2019
LAUGHLIN HOLDINGS
By; /s/ Howard Amster
Name: Howard Amster
Title: President Pleasant Lake Apts Corp, General
Partner of Pleasant Lakes Apts LP General Partner
of Laughlin Holdings LP
Date: December 27, 2019
PLEASANT LAKE APTS LP
By; /s/ Howard Amster
Name: Howard Amster
Title: President of Pleasant Lakes Apts Corp,
General Partner
Date: December 27, 2019
RAMAT SECURITIES LTD
By; /s/ Howard Amster
Name: Howard Amster
Title: Majority Owner
Date: December 27, 2019
PLEASANT LAKE SKOIEN INVESTMENTS LLC
By; /s/ Howard Amster
Name: Howard Amster
Title: President of Pleasant Lakes Apts Corp,
General Partner of Pleasants Lake Apts LP,
Manager of Pleasant Lake Skoien Investments LLC
Date: December 27, 2019
//
SAMUEL J. HELLER TRUST U/A DTD 08/07/2002
By; /s/ Howard Amster
Name: Howard Amster
Title: Trustee
Date: December 27, 2019
PLEASANT LAKE APTS CORP
By; /s/ Howard Amster
Name: Howard Amster
Title: President
Date: December 27, 2019
WILLIAM COSTARAS
/s/ William Costaras
Date: December 27, 2019
BETTY KIMBREW
/s/ Betty Kimbrew
Date: December 27, 2019
MIRIAM RIVKIN
/s/ Miriam Rivkin
Date: December 27, 2019
CUSIP NO. 58503F-10-6 SCHEDULE 13D
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