Amended Statement of Beneficial Ownership (sc 13d/a)
April 05 2016 - 5:16PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 2)
1
Hooper Holmes, Inc.
(Name of Issuer)
Common Stock, par value $0.04 per share
(Title of Class of Securities)
439104100
(CUSIP Number)
J. Carlo Cannell
Cannell Capital LLC
245 Meriwether Circle
Alta, WY
83414
(307) 733-2284
(Name, Address and Telephone Number of Person
to Receive Notices and Communications)
March 30, 2016
(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 copies of the schedule, including all exhibits. See §240.13d-7
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 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 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
).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a current
valid OMB control number.
CUSIP No. 439104100
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Page 2 of 9 Pages
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1
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NAME OF REPORTING PERSON
Cannell Capital LLC
I.R.S. Identification Nos. of above persons (entities only)
94-3366999
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
(see instructions)
WC/OO
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) ☐ or 2(e) ☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
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7
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SOLE VOTING POWER*
10,340,566
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER*
10,340,566
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,340,566
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
(see instructions)
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.83%*
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14
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TYPE OF REPORTING PERSON
IA
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* Based on information set forth on the Form 10-K of United Online, Inc.,
(the “Company”) as filed with the Securities and Exchange Commission on
March 30, 2016, there were 117,043,442 shares of Common Stock with par value $0.04
per share (the “Shares”), of the Company issued and outstanding as of
February 29, 2016.
As of March 30, 2016 (the “Reporting Date”) Tristan Partners, L.P. (“Tristan”),
the Tristan Offshore Fund Ltd. (“Tristan Offshore”)
and sundry separately managed accounts, over
which J. Carlo Cannell has investment discretion (the “Cannell SMAs” and collectively
with Tristan and Tristan Offshore, the “Investment Vehicles”),
held in the aggregate 10,340,566 Shares.
CUSIP No. 439104100
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Page 3 of 9 Pages
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1
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NAME OF REPORTING PERSON
J. Carlo Cannell
I.R.S. Identification Nos. of above persons (entities only)
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
(see instructions)
WC/OO
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) ☐ or 2(e) ☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING
PERSON WITH
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7
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SOLE VOTING POWER*
10,340,566
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER*
10,340,566
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,340,566
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
(see instructions)
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.83%*
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14
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TYPE OF REPORTING PERSON
IN
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* Based on information set forth on the Form 10-K of United Online, Inc.,
(the “Company”) as filed with the Securities and Exchange Commission on
March 30, 2016, there were 117,043,442 shares of Common Stock par value $0.04
per share (the “Shares”), of the Company issued and outstanding as of
February 29, 2016.
As of March 30, 2016 (the “Reporting Date”),Tristan Partners, L.P. (“Tristan”),
the Tristan Offshore Fund Ltd. (“Tristan Offshore”) and sundry separately managed accounts, over
which J. Carlo Cannell has investment discretion (the “Cannell SMAs” and collectively
with Tristan and Tristan Offshore, the “Investment Vehicles”),
held in the aggregate 10,340,566 Shares.
CUSIP No. 439104100
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Page 4 of 9 Pages
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Item 1. Security and Issuer
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The title of the class of equity securities to which this Schedule 13D/A relates is
the Common Stock par value $0.04 per share of Hooper Holmes, Inc.,
a New York corporation. The address of the principal executive offices of the Company
is 560 N. Rogers Road, Olathe, KS 66062.
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Item 2. Identity and Background
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a)
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The name of the Reporting Person is J. Carlo Cannell (the “Reporting Person”).
The Reporting Person is the sole managing member of Cannell Capital LLC, an
investment adviser to various separately managed accounts ("Cannell SMAs") and
the following entities (each an “Investment Vehicle” and collectively with the
Cannell SMAs, the "Investment Vehicles"):
Tristan Partners, L.P.
Tristan Offshore Fund, Ltd.
Set forth in the attached Annex A and incorporated herein by reference is a
listing of the directors, general partners, managing members and controlling
persons of the Reporting Person and the Investment Vehicles (collectively,
the "Covered Persons"), and sets forth the principal occupation, citizenship
and principal place of business of each Covered Person.
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b)
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The address of the principal office of each of Cannell Capital and J. Carlo Cannell is
245 Meriwether Circle, Alta, WY 83414.
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c)
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The principal business of Cannell Capital is investment management and advisory services.
The principal business of Mr. Cannell is the performance of investment management and
advisory services.
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d)
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No Reporting Person, has, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
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e)
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No Reporting Person, has, during the last five years, been party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and as a result of such
proceeding was or is 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.
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f)
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The citizenship of each Covered Person is set forth on the attached Annex A and incorporated herein by reference.
Mr. J. Carlo Cannell is the Managing Member of Cannell Capital LLC, a Wyoming limited liability company.
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Item 3. Source and Amount of Funds or Other Consideration
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The Shares purchased by Cannell Capital were purchased using working capital of each of
the following entities (collectively, the “Cannell Investment Vehicles”) as follows:
Tristan: $3,620,428.54
Tristan Offshore: $1,541,967.36
Cannell SMAs: $615,585.20
The Cannell Investment Vehicles have invested an aggregate amount of approximately $5,777,981 in the Shares.
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CUSIP No. 439104100
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Page 5 of 9 Pages
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Item 4. Purpose of Transaction
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The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased,
were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other
investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase
or sale of Shares desirable, the Reporting Persons may endeavour to increase or decrease their position in the Issuer through,
among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and
at such times as the Reporting Persons may deem advisable.
Cannell Capital files this 13D amendment in order to update the percentage of Shares owned as a result of the Company'srecent issuance of additional Shares.
No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set
forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur
upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting
Persons intend to review their investment in the Company on a continuing basis. Depending on various factors
including, without limitation, the Company’s financial position and investment strategy, the price levels of
the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting
Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate
including, without limitation and in addition to the actions outlined above, continuing to engage in communications
with management and the Board, engaging in discussions with stockholders of the Issuer and others about the Company
and the Reporting Persons’ investment, making recommendations or proposals to the Issuer concerning changes to
the capitalization, corporate structure, ownership structure, board structure (including board composition) or
operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short
selling of or any hedging or similar transaction with respect to the Shares, or changing their intention with
respect to any and all matters referred to in Item 4.
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Item 5. Interest in Securities of the Issuer
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Based on information set forth in the Company's Form 10-K as filed with the
Securities and Exchange Commission on March 30, 2016, there were 117,043,442
Common Shares with par value $0.04 per share issued and outstanding as of February 29, 2016.
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a)
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As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell
Capital LLC may be deemed to beneficially own 10,340,566 Shares, or approximately
8.83% of the Shares deemed issued and outstanding as of the Reporting Date.
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b)
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1. Sole power to vote or direct vote: 10,340,566
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 10,340,566
4. Shared power to dispose or direct the disposition: 0
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c)
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The following table details the transactions during the sixty days on or prior
to the Reporting Date in Shares, or securities convertible into, exercisable for or
exchangeable for the Shares, by Cannell Capital LLC or any other person or entity
controlled by him or any person or entity for which he possesses voting or
investment control over the securities thereof (each of which was effected in
an ordinary brokerage transaction by Cannell Capital LLC on behalf
of the Investment Vehicles).
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Entity
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Date
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Quantity
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Price
Per Share
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Form Of
Transaction
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no transactions
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d)
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No person other than the Reporting Persons is known to have the right to receive,
or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
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e)
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Not applicable.
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CUSIP No. 439104100
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Page 6 of 9 Pages
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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None
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Item 7. Material to Be Filed as Exhibits
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None
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CUSIP No. 439104100
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Page 7 of 9
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SIGNATURES
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.
Dated: April 5, 2016
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Cannell Capital LLC
By: /s/ J. Carlo Cannell
Name: J. Carlo Cannell
Title: Managing Member
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CUSIP No. 439104100
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Page 8 of 9 Pages
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Annex "A"
MANAGERS AND GENERAL PARTNERS OF THE REPORTING PERSONS AND THE INVESTMENT VEHICLES
The following sets forth the name, principal occupation, citizenship or
jurisdiction of organization and principal place of business of the
directors, general partners, managing members or controlling persons
of the Reporting Person and the Investment Vehicles (the “Covered Persons”) indicated below:
Cannell Capital LLC
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Name:
Title or Relationship with Reporting Person:
Principal Occupation or Employment:
Citizenship or Jurisdiction of Organization:
Principal Place of Business:
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J. Carlo Cannell
Managing Member
Investment Management
Wyoming, United States
(1)
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Tristan Partners, L.P.
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Name:
Title or Relationship with Reporting Person:
Principal Occupation or Employment:
Citizenship or Jurisdiction of Organization:
Principal Place of Business:
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Cannell Capital LLC
Investment Adviser and General Partner
Investment Management
Wyoming, United States
(1)
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Tristan Offshore Fund, Ltd.
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Name:
Title or Relationship with Reporting Person:
Principal Occupation or Employment:
Citizenship or Jurisdiction of Organization:
Principal Place of Business:
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Cannell Capital LLC
Investment Adviser
Investment Management
Cayman Islands
(2)
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(1)
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The address of the principal place of business of Cannell Capital LLC and Tristan Partners, L.P., is 245 Meriwether Circle, Alta, WY 83414.
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(2)
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The address of the principal place of business of the Tristan
Offshore Fund, Ltd. is One Capital Place, 3rd Floor, GT Grand Cayman,
KY1-11003, Cayman Islands.
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CUSIP No. 439104100
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Page 9 of 9 Pages
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Annex "B"
Agreement Regarding the Joint Filing of Schedule 13D/A
1)
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Each of them is individually eligible to use the Schedule 13D/A to which this
Exhibit is attached, and such Schedule 13D/A is filed on behalf each of them;
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2)
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Each of them is responsible for the timely filing of such Schedule 13D and
any amendments thereto, and for the completeness and accuracy of the
information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
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Dated: April 5, 2016
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Cannell Capital LLC
By: /s/ J. Carlo Cannell
Name: J. Carlo Cannell
Title: Managing Member
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