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. 1)*

 

 

Airgain Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

00938A104

(CUSIP Number)

December 31, 2017

(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 2 of 11

 

  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  

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

 

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 a Class Represented by Amount in Row 9

 

10.9%

12  

Type of Reporting Person

 

PN

CUSIP No. 00938A104   Schedule 13G   Page 3 of 11

 

  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  

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

 

19,284

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

19,284

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

19,284

10  

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

 

Not Applicable

11  

Percent of a Class Represented by Amount in Row 9

 

0.2%

12  

Type of Reporting Person

 

CO

CUSIP No. 00938A104   Schedule 13G   Page 4 of 11

 

  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  

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

 

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 a Class Represented by Amount in Row 9

 

10.9%

12  

Type of Reporting Person

 

OO (Delaware limited liability company)

CUSIP No. 00938A104   Schedule 13G   Page 5 of 11

 

  1     

Names of Reporting Persons

 

James K. Sims

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  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

 

290,474

   6   

Shared Voting Power

 

1,062,748

   7   

Sole Dispositive Power

 

290,474

   8   

Shared Dispositive Power

 

1,062,748

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,353,222

10  

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

 

Not Applicable

11  

Percent of a Class Represented by Amount in Row 9

 

14.0%

12  

Type of Reporting Person

 

IN

CUSIP No. 00938A104   Schedule 13G   Page 6 of 11

 

  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  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

    5      

Sole Voting Power

 

121,766

   6   

Shared Voting Power

 

19,284

   7   

Sole Dispositive Power

 

121,766

   8   

Shared Dispositive Power

 

19,284

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

141,050

10  

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

 

Not Applicable

11  

Percent of a Class Represented by Amount in Row 9

 

1.5%

12  

Type of Reporting Person

 

IN

CUSIP No. 00938A104   Schedule 13G   Page 7 of 11

 

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”)

James 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 8 of 11

 

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, 2017, based upon 9,578,738 shares of Common Stock outstanding as of November 13, 2017.

 

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        10.9 %      0        1,043,464        0        1,043,464  

Gen 3 Partners, Inc.

      19,284        0.2 %      0        19,284        0        19,284  

GEN 3 Capital Partners, LLC

      1,043,464        10.9 %      0        1,043,464        0        1,043,464  

James K. Sims

      1,353,222        14.0 %      290,474        1,062,748        290,474        1,062,748  

Arthur M. Toscanini

      141,050        1.5 %      121,766        19,284        121,766        19,284  

GEN3 Capital and Gen 3 Partners are the record holders of 1,043,464 and 19,284 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 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 290,474 shares of Common Stock, which includes 65,880 shares of Common Stock that Mr. Sims has the right to acquire within 60 days of December 31, 2017 pursuant to the exercise of stock options.

Mr. Toscanini is the sole beneficial owner of 121,766 shares of Common Stock, which includes 50,179 shares of Common Stock that Mr. Toscanini has the right to acquire within 60 days of December 31, 2017 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 9 of 11

 

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 10 of 11

 

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 12, 2018

 

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 11 of 11

 

LIST OF EXHIBITS

 

Exhibit No.

   

Description

99    Joint Filing Agreement (incorporated by reference to Exhibit 99 to the Schedule 13G filed by the Reporting Persons on February 10, 2017).