Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant to

§ 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

Airgain Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

00938A104

(CUSIP Number)

December 31, 2016

(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. 00938A104   Schedule 13G    Page 1 of 10

 

  1     

Names of Reporting Persons

 

GEN3 Capital I, LP

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

    5      

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,043,464

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,043,464

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,043,464

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

11.3%

12  

Type of Reporting Person

 

PN

CUSIP No. 00938A104   Schedule 13G    Page 2 of 10

 

  1     

Names of Reporting Persons

 

Gen 3 Partners, Inc.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

    5      

Sole Voting Power

 

0

   6   

Shared Voting Power

 

362,577

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

362,577

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

362,577

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

3.9%

12  

Type of Reporting Person

 

CO

CUSIP No. 00938A104   Schedule 13G    Page 3 of 10

 

  1     

Names of Reporting Persons

 

GEN3 Capital Partners, LLC

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

    5      

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,043,464

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,043,464

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,043,464

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

11.3%

12  

Type of Reporting Person

 

OO (Delaware limited liability company)

CUSIP No. 00938A104   Schedule 13G    Page 4 of 10

 

  1     

Names of Reporting Persons

 

Jim K. Sims

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

    5      

Sole Voting Power

 

204,037

   6   

Shared Voting Power

 

1,406,041

   7   

Sole Dispositive Power

 

204,037

   8   

Shared Dispositive Power

 

1,406,041

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,610,078

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

17.2%

12  

Type of Reporting Person

 

IN

CUSIP No. 00938A104   Schedule 13G    Page 5 of 10

 

  1     

Names of Reporting Persons

 

Arthur M. Toscanini

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

    5      

Sole Voting Power

 

144,387

   6   

Shared Voting Power

 

362,577

   7   

Sole Dispositive Power

 

144,387

   8   

Shared Dispositive Power

 

362,577

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

506,964

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

5.4%

12  

Type of Reporting Person

 

IN

CUSIP No. 00938A104   Schedule 13G    Page 6 of 10

 

ITEM 1.    (a)    Name of Issuer:
     

Airgain, Inc. (the “Issuer”)

   (b)    Address of Issuer’s Principal Executive Offices:
     

3611 Valley Centre Drive

     

Suite 150

     

San Diego, CA 92130

ITEM 2.    (a)    Name of Person Filing:
     

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

     

GEN3 Capital I, LP (“GEN3 Capital”)

     

Gen 3 Partners, Inc. (“Gen 3 Partners”)

     

GEN3 Capital Partners, LLC (“GEN3 LLC”)

     

Jim K. Sims

     

Arthur M. Toscanini

   (b)    Address or Principal Business Office:
     

The address of each of the Reporting Persons is c/o Airgain, Inc. 3611 Valley Centre Drive, Suite 150, San Diego, CA 92130

   (c)    Citizenship of each Reporting Person is:
     

Each of GEN3 Capital, Gen 3 Partners and GEN3 LLC is organized under the laws of Delaware. Messrs. Sims and Toscanini are citizens of the United States.

   (d)    Title of Class of Securities:
     

Common Stock, $0.0001 par value per share (“Common Stock”).

   (e)    CUSIP Number:
     

00938A104

ITEM 3.      
      Not applicable.

CUSIP No. 00938A104   Schedule 13G    Page 7 of 10

 

ITEM 4. Ownership.

(a)-(c)

The ownership information presented below represents beneficial ownership of shares of Common Stock of the Issuer as of December 31, 2016, based upon 9,270,816 shares of Common Stock outstanding as of December 14, 2016.

 

Reporting Person   

Amount

beneficially

owned

     

Percent

of class:

     Sole
power
to vote or
to direct
the vote:		      Shared
power to
vote or to
direct the
vote:		     

Sole
power to
dispose or
to direct
the
disposition

of:

     

Shared

power to

dispose or

to direct

the

disposition

of:

  

GEN3 Capital I, LP

      1,043,464         11.3 %      0         1,043,464         0         1,043,464   

Gen 3 Partners, Inc.

      362,577         3.9 %      0         362,577         0         362,577   

GEN 3 Capital Partners, LLC

      1,043,464         11.3 %      0         1,043,464         0         1,043,464   

Jim K. Sims

      1,610,078         17.2 %      204,037         1,406,041         204,037         1,406,041   

Arthur M. Toscanini

      506,964         5.4 %      144,387         362,577         144,387         362,577   

GEN3 Capital and Gen 3 Partners are the record holders of 1,043,464 and 362,577 shares of Common Stock, respectively.

GEN3 LLC is the general partner of GEN3 Capital, and Mr. Sims is the Managing Member of GEN3 LLC. As a result, each of GEN3 LLC and Mr. Sims may be deemed to share beneficial ownership of the shares held of record by GEN3 Capital. Gen 3 Partners is managed by a board of directors composed of Mr. Sims, Mr. Toscanini, Francis X. Egan and Michael Treacy, each of whom may be deemed to share beneficial ownership of the shares held of record by Gen 3 Partners. Each director disclaims beneficial ownership of such shares.

Mr. Sims is the sole beneficial owner of 204,037 shares of Common Stock, which includes 72,880 shares of Common Stock that Mr. Sims has the right to acquire within 60 days of December 31, 2016 pursuant to the exercise of stock options.

Mr. Toscanini is the sole beneficial owner of 144,387 shares of Common Stock, which includes 54,179 shares of Common Stock that Mr. Toscanini has the right to acquire within 60 days of December 31, 2016 pursuant to the exercise of stock options.

 

ITEM 5. Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

CUSIP No. 00938A104   Schedule 13G    Page 8 of 10

 

ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

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.

CUSIP No. 00938A104   Schedule 13G    Page 9 of 10

 

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 10, 2017

 

GEN3 CAPITAL I, LP
By: GEN3 Capital Partners, LLC
By:  

/s/ Haydar Diab

Name:   Haydar Diab
Title:   Vice President
GEN 3 PARTNERS, INC.
By:  

/s/ Haydar Diab

Name:   Haydar Diab
Title:   Vice President
GEN3 CAPITAL PARTNERS, LLC
By:  

/s/ Haydar Diab

Name:   Haydar Diab
Title:   Vice President

/s/ Jim K. Sims

/s/ Arthur M. Toscanini

CUSIP No. 00938A104   Schedule 13G    Page 10 of 10

 

LIST OF EXHIBITS

 

Exhibit No.

   

Description

99    Joint Filing Agreement.