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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SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
SCHEDULE 13G/A | |
Under the Securities Exchange Act of 1934 | |
(Amendment No. 3)* | |
ParkerVision, Inc. | |
(Name of Issuer) | |
Common stock, $0.01 par value | |
(Title of Class of Securities) | |
701354102 | |
(CUSIP Number) | |
December 31, 2013 | |
(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) |
ý | Rule 13d-1(c) |
¨ | Rule 13d-1(d) |
(Page 1 of 10 Pages) |
______________________________
*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. 701354102 | 13G/A | Page 2 of 10 Pages |
1 |
NAME OF REPORTING PERSON DEL MAR MASTER FUND, LTD. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) ý | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 |
SOLE VOTING POWER -0- | ||
6 |
SHARED VOTING POWER 2,999,999 | |||
7 |
SOLE DISPOSITIVE POWER -0- | |||
8 |
SHARED DISPOSITIVE POWER 2,999,999 | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,999,999 | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.2% | |||
12 |
TYPE OF REPORTING PERSON CO | |||
CUSIP No. 701354102 | 13G/A | Page 3 of 10 Pages |
1 |
NAME OF REPORTING PERSON DEL MAR ASSET MANAGEMENT, LP | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) ý | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 |
SOLE VOTING POWER -0- | ||
6 |
SHARED VOTING POWER 2,999,999 | |||
7 |
SOLE DISPOSITIVE POWER -0- | |||
8 |
SHARED DISPOSITIVE POWER 2,999,999 | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,999,999 | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.2% | |||
12 |
TYPE OF REPORTING PERSON IA | |||
CUSIP No. 701354102 | 13G/A | Page 4 of 10 Pages |
1 |
NAME OF REPORTING PERSON DEL MAR MANAGEMENT, LLC | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) ý | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 |
SOLE VOTING POWER -0- | ||
6 |
SHARED VOTING POWER 2,999,999 | |||
7 |
SOLE DISPOSITIVE POWER -0- | |||
8 |
SHARED DISPOSITIVE POWER 2,999,999 | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,999,999 | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.2% | |||
12 |
TYPE OF REPORTING PERSON OO | |||
CUSIP No. 701354102 | 13G/A | Page 5 of 10 Pages |
1 |
NAME OF REPORTING PERSON DAVID FREELOVE | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) ý | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION United States | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 |
SOLE VOTING POWER 237,776 | ||
6 |
SHARED VOTING POWER 2,999,999 | |||
7 |
SOLE DISPOSITIVE POWER 237,776 | |||
8 |
SHARED DISPOSITIVE POWER 2,999,999 | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,237,775 | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.5% | |||
12 |
TYPE OF REPORTING PERSON IN | |||
CUSIP No. 701354102 | 13G/A | Page 6 of 10 Pages |
This Amendment No. 3 (this "Amendment") amends the statement on Schedule 13G filed on September 15, 2011 (the "Original Schedule 13G") as amended by Amendment No. 1 filed on September 24, 2012 and Amendment No. 2 filed on February 22, 2013(the Original Schedule 13G as amended, the "Schedule 13G"), with respect to shares of Common Stock (as defined in Item 2(d) below) of the Company (as defined in Item 1(a) below).
Item 1(a). | NAME OF ISSUER |
The name of the issuer is ParkerVision, Inc.(the "Company"). |
Item 1(b). | ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES |
The Company's principal executive office is located at 7915 Baymeadow Way, Jacksonville, Florida 32256. |
Item 2(a). | NAME OF PERSON FILING | |
This statement is filed by: | ||
(i) | Del Mar Master Fund, Ltd., a Cayman Islands exempted company (the "Master Fund"), with respect to shares of Common Stock directly held by it; | |
(ii) | Del Mar Asset Management, LP, a Delaware limited partnership ("DMAM"), which serves as the investment manager of the Master Fund, with respect to the shares of Common Stock directly held by the Master Fund; | |
(iii) | Del Mar Management, LLC, a Delaware limited liability company (the "GP"), which serves as the general partner of DMAM, with respect to the shares of Common Stock directly held by the Master Fund; and | |
(iv) | Mr. David Freelove ("Mr. Freelove"), who serves as the managing member of the GP, with respect to the shares of Common Stock directly held by himself and the Master Fund. | |
The Master Fund, DMAM, the GP and Mr. Freelove are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. | ||
The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the shares of Common Stock reported herein. |
Item 2(b). | ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE |
The address of the business office of each of the Reporting Persons is One Grand Central Place, 60 East 42nd Street, Suite 450, New York, NY 10165. |
CUSIP No. 701354102 | 13G/A | Page 7 of 10 Pages |
Item 2(c). | CITIZENSHIP |
Each of the GP and DMAM is organized under the laws of the State of Delaware. The Master Fund is an exempted company organized under the laws of the Cayman Islands. Mr. Freelove is a citizen of the United States of America. |
Item 2(d). | TITLE OF CLASS OF SECURITIES |
Common stock, $0.01 par value (the "Common Stock"). |
Item 2(e). | CUSIP NUMBER |
701354102 |
Item 3. | IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: |
(a) | ¨ | Broker or dealer registered under Section 15 of the Act; | |
(b) | ¨ | Bank as defined in Section 3(a)(6) of the Act; | |
(c) | ¨ | Insurance company as defined in Section 3(a)(19) of the Act; | |
(d) | ¨ | Investment company registered under Section 8 of the Investment Company Act of 1940; | |
(e) | ¨ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
(f) | ¨ |
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
| |
(g) | ¨ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
| |
(h) | ¨ |
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
| |
(i) | ¨ |
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
| |
(j) | ¨ | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | |
(k) | ¨ | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:______________________________________________ |
CUSIP No. 701354102 | 13G/A | Page 8 of 10 Pages |
Item 4. | OWNERSHIP | |||
A. | Del Mar Master Fund, Ltd. | |||
(a) | Amount beneficially owned: 2,999,999 | |||
(b) | Percent of class: 3.2%. The percentages used herein and in the rest of this Schedule 13G/A are calculated based upon the 92,964,477 shares of Common Stock outstanding as of November 5, 2013 as reported by the Company in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 filed by the Company with the Securities Exchange Commission on November 12, 2013. | |||
(c) | (i) | Sole power to vote or direct the vote: -0- | ||
(ii) | Shared power to vote or direct the vote: 2,999,999 | |||
(iii) | Sole power to dispose or direct the disposition: -0- | |||
(iv) | Shared power to dispose or direct the disposition of: 2,999,999 | |||
B. | Del Mar Asset Management, LP | |||
(a) | Amount beneficially owned: 2,999,999 | |||
(b) | Percent of class: 3.2% | |||
(c) | (i) | Sole power to vote or direct the vote: -0- | ||
(ii) | Shared power to vote or direct the vote: 2,999,999 | |||
(iii) | Sole power to dispose or direct the disposition: -0- | |||
(iv) | Shared power to dispose or direct the disposition of: 2,999,999 | |||
C. | Del Mar Management, LLC | |||
(a) | Amount beneficially owned: 2,999,999 | |||
(b) | Percent of class: 3.2% | |||
(c) | (i) | Sole power to vote or direct the vote: -0- | ||
(ii) | Shared power to vote or direct the vote: 2,999,999 | |||
(iii) | Sole power to dispose or direct the disposition: -0- | |||
(iv) | Shared power to dispose or direct the disposition of: 2,999,999 | |||
D. | Mr. David Freelove | |||
(a) | Amount beneficially owned: 3,237,775 | |||
(b) | Percent of class: 3.5% | |||
(c) | (i) | Sole power to vote or direct the vote: 237,776 | ||
(ii) | Shared power to vote or direct the vote: 2,999,999 | |||
(iii) | Sole power to dispose or direct the disposition: 237,776 | |||
(iv) | Shared power to dispose or direct the disposition of: 2,999,999 | |||
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 5 percent of the class of securities, check the following ý |
Item 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
Not applicable. |
CUSIP No. 701354102 | 13G/A | Page 9 of 10 Pages |
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 |
Each of the Reporting Persons hereby makes the following certification: | |
By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
CUSIP No. 701354102 | 13G/A | Page 10 of 10 Pages |
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
DATE: January 24, 2014
/s/ David Freelove | ||
(a) individually; (b) as managing member of Del Mar Management, LLC, for itself and as the general partner of Del Mar Asset Management, LP, for itself and as the investment manager of Del Mar Master Fund, Ltd. | ||