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
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
13G
Under the Securities Exchange Act of
1934
(Amendment No.
)
ARC Document Solutions,
Inc.
(Name of
Issuer)
Common Stock, par value $0.001 per
share
(Title of
Class of Securities)
00191G103
(CUSIP
Number)
December 24 ,
2019
(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)
[ x ] 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).
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CUSIP No. 00191G103
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(1)
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Names of Reporting
Persons/ I.R.S. Identification Nos. of Above Persons (Entities
Only)
Ira Sochet
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(2)
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Check the
Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
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(3)
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SEC Use
Only
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(4)
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Citizenship or
Place of Organization
United States
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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(5)
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(6)
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Shared Voting
Power
0
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(7)
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Sole Dispositive
Power
2,311,633 (1)
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(8)
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Shared Dispositive
Power
0
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(9)
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Aggregate Amount
Beneficially Owned by Each Reporting Person
2,311,633 (1)
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(10)
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Check if the
Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
(See
Instructions)
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(11)
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Percent of Class
Represented by Amount in Row (9)
5.0%
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(12)
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Type of Reporting
Person (See Instructions)
IN
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(1)
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Consists of shares of
common stock held by Ira Sochet Trust, over which the Reporting
Person has sole voting and dispositive control.
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Item 1.
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(a)
Name of Issuer
ARC Document
Solutions, Inc.
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(b)
Address of Issuer's Principal Executive Offices
12657 Alcosta
Boulevard, Suite 200
San Ramon, California, 94583 |
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Item 2.
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(a)
Name of Person Filing
Ira
Sochet
(b)
Address of Principal Business Office or, if none,
Residence
The address of the
Reporting Person's principal business office is 121 14th Street,
Belleair Beach, Florida 33786.
(c)
Citizenship
United
States.
(d)
Title of Class of Securities
Common Stock, par
value $0.001 per share
(e)
CUSIP Number
00191G103
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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:
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Item
4.
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(a)
Amount beneficially owned:
As of the date
hereof, the Reporting Person may be deemed to be the beneficial
owner of 2,311,633 shares of common stock. The shares of
common stock beneficially owned by the Reporting Person includes
shares of common stock held by Ira Sochet Trust, over which the
Reporting Person has sole voting and dispositive control.
The percentage of shares of the Issuer's common stock as reported
in this Schedule 13G is based upon 45,887,122 shares of the
Issuer's common stock outstanding on November 5, 2019, as reported
in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
September 30, 2019.
(b)
Percent of class:
5.0%
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(c) Number of
shares as to which the person has:
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(i)
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Sole power to
vote or to direct the vote
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2,311,633
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(ii)
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Shared power to
vote or to direct the vote
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0
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(iii)
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Sole power to
dispose or to direct the disposition of
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2,311,633
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(iv)
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Shared power to
dispose or to direct the disposition of
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0
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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.
N/A
Item
7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
N/A
Item
8. Identification and Classification of Members of the
Group.
N/A
Item
9. Notice of Dissolution of Group.
N/A
Item
10. Certification.
By signing below I
certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the
ordinary course of business and 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.
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SIGNATURES
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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:
December 31,
2019
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By:
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/s/ Ira
Sochet
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Name: Ira Sochet
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