Amended Statement of Beneficial Ownership (sc 13d/a)

Date : 01/23/2020 @ 11:02AM
Source : Edgar (US Regulatory)
Stock : National Security Group Inc (NSEC)
Quote : 12.54  0.0 (0.00%) @ 9:54PM
National Security share price Chart

Amended Statement of Beneficial Ownership (sc 13d/a)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

National Security Group, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

 

637546102

 
 

(CUSIP Number)

 

Andrew J. Abernathey

Meridian Investments I, LLC

3523 45th Street South, Suite 100

Fargo, North Dakota 58104

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

 

May 14, 2019

 
 

(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7(b) for other parties to whom copies are to be sent.

 

*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).

 

Page 1 of 8 Pages


 

 

CUSIP No. 637546102

 

1

names of reporting persons

 

Meridian Investments I, LLC

2

check the appropriate box if a member of a group (see instructions)

  (a) [  ]
 

(b) [  ]

 

 

3

sec use only

 

 

4

source of funds (see instructions)

 

AF

5

check if disclosure of legal proceedings is required pursuant to items 2(d) or 2(e) 

 

[    ]

6

citizenship or place of organization

 

North Dakota

NUMBER OF

7

sole voting power

SHARES

 

341,702 (1)

BENEFICIALLY

8

shared voting power

OWNED BY

 

0

EACH

9

sole dispositive power

REPORTING

 

341,702 (1)

PERSON

10

shared dispositive power

WITH

 

0

11

aggregate amount beneficially owned by each reporting person

 

341,702 (1)

12

check if the aggregate amount in row (11) excludes certain shares (see instructions)

  [    ]

 

 

13

percent of class represented by amount in row (11)

 

13.5% (2)

14

type of reporting person (see instructions)

 

PN

 

(1) Shares of Common Stock of the Company held by Meridian.  Abernathey is the President and sole member of the Board of Directors of Meridian, holds sole voting and dispositive power over the securities held by Meridian, and may be deemed to beneficially own the securities held by Meridian.

 

(2) The percentage is based upon 2,531,552 shares of Common Stock outstanding as of November 13, 2019, as reported by the Company in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on November 13, 2019.

 

Page 2 of 8 Pages

 

 

CUSIP No. 637546102

 

1

names of reporting persons

 

Andrew J. Abernathey

2

check the appropriate box if a member of a group (see instructions)

  (a) [  ]
 

(b) [  ]

 

 

3

sec use only

 

 

4

source of funds (see instructions)

 

AF

5

check if disclosure of legal proceedings is required pursuant to items 2(d) or 2(e) 

 

[    ]

6

citizenship or place of organization

 

U.S.A.

NUMBER OF

7

sole voting power

SHARES

 

341,702 (1)

BENEFICIALLY

8

shared voting power

OWNED BY

 

0

EACH

9

sole dispositive power

REPORTING

 

341,702 (1)

PERSON

10

shared dispositive power

WITH

 

0

11

aggregate amount beneficially owned by each reporting person

 

341,702 (1)

12

check if the aggregate amount in row (11) excludes certain shares (see instructions)

  [    ]

 

 

13

percent of class represented by amount in row (11)

 

13.5% (2)

14

type of reporting person (see instructions)

 

IN

 

(1) Shares of Common Stock of the Company held by Meridian. Abernathey is the President and sole member of the Board of Directors of Meridian, holds sole voting and dispositive power over the securities held by Meridian, and may be deemed to beneficially own the securities held by Meridian.

 

(2) The percentage is based upon 2,531,552 shares of Common Stock outstanding as of November 13, 2019, as reported by the Company in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on November 13, 2019.

 

Page 3 of 8 Pages

 

 

Item 1.

Security and Issuer.

 

This Amendment No. 4 to Schedule 13D (the “Amendment”) relates to the common stock, par value $1.00 per share (the “Common Stock”), of National Security Group, Inc. (the “Company”), 661 East Davis Street, Elba, Alabama 36323, and amends and supplements the Schedule 13D filed May 9, 2016, the Schedule 13D Amendment No. 1 filed August 22, 2016, the Schedule 13D Amendment No. 2 filed January 13, 2017 and the Schedule 13D Amendment No. 3 filed February 1, 2018 (collectively, the “Schedule 13D”). Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment. Capitalized terms used herein but not otherwise defined in this Amendment shall have the meaning ascribed to them in the Schedule 13D.

 

Item 2.

Identity and Background.

 

All information reported in the Schedule 13D under Item 2 remains in effect.

 

Item 3.

Source and Amount of Funds or Other Consideration.

 

All of the Common Stock acquired by the Reporting Persons during the period covered by this Amendment was acquired by the Reporting Persons in open market purchases using member investments in Meridian for a total of $ $743,876.81.

 

Item 4.

Purpose of Transaction.

 

All information reported in the Schedule 13D under Item 4 remains in effect.

 

Item 5.

Interest in Securities of the Issuer.

 

 

(a)

The responses of the Reporting Persons with respect to rows 7, 8, 9, 10, 11, 12 and 13 are incorporated herein by reference.

 

 

(b)

The Reporting Person has sole voting and dispositive power over 341,702 shares of Common Stock.

 

 

(c)

From the date of the last filed Schedule 13D until the date of filing hereof, the following transactions occurred:

 

Date

Purchased Shares

Price

3/16/18

4,054

15.5741

3/16/18

36

15.7000

3/16/18

2,348

15.9979

3/20/18

1,040

15.8985

3/21/18

1,353

15.9808

4/11/18

7

16.0000

4/12/18

14

16.0000

4/13/18

22

16.0000

4/16/18

7

16.0000

8/22/18

78

14.8000

 

Page 4 of 8 Pages

 

 

Date Purchased Shares Price

9/19/19

916

14.4240

9/20/19

400

14.5000

9/21/18

3,467

14.6290

9/25/18

1

14.5000

10/1/18

1,340

14.5000

10/10/18

1,659

14.5000

10/11/18

828

14.5000

10/12/18

587

14.5000

10/19/18

2,800

14.5000

10/22/18

3

14.5000

10/24/18

2

14.5000

10/26/18

200

14.0000

11/6/18

1,000

13.2416

11/6/18

1,200

13.2521

11/6/18

1,000

13.4715

11/6/18

678

13.4749

11/6/18

1,000

13.4840

11/6/18

1,000

13.7200

11/6/18

1,000

13.7290

11/6/18

500

13.7685

11/14/18*

(400)

12.5300

11/16/18*

(381)

12.5000

11/20/18*

(400)

12.5100

12/3/18*

(400)

12.7000

5/14/19

173

11.5500

5/14/19

4,200

12.4941

5/14/19

400

12.9950

5/14/19

632

12.9984

5/14/19

100

14.2700

9/9/19

8

11.4600

9/9/19

10

11.5000

11/22/19

50

13.0000

11/22/19

200

13.0000

11/22/19

100

12.9900

11/22/19

134

13.0000

11/25/19

1

13.0000

11/29/19

1,100

13.5000

12/2/19

78

13.3600

12/2/19

100

13.3400

12/2/19

100

13.3400

12/2/19

23

13.3900

12/2/19

200

13.3900

12/2/19

1,000

13.3800

 

Page 5 of 8 Pages

 

 

Date Purchased Shares Price

12/2/19

200

13.3700

12/2/19

100

13.3800

12/2/19

400

13.9500

12/2/19

500

13.9000

12/2/19

100

13.7700

12/2/19

100

13.7800

12/2/19

1,200

13.8500

12/2/19

100

13.8493

12/2/19

400

13.8500

12/2/19

1,500

13.8400

12/2/19

100

13.8400

12/2/19

100

13.7800

12/2/19

100

13.3800

12/2/19

100

13.4500

12/2/19

672

13.4500

12/2/19

100

13.4400

12/2/19

1

13.2700

12/2/19

8

13.1000

12/2/19

25

13.1000

12/2/19

19

13.4500

12/2/19

1

13.4400

12/9/19

430

13.3900

12/9/19

3

13.3900

12/9/19

1,277

13.5000

12/9/19

361

13.5000

12/9/19

1,539

13.5000

12/9/19

100

13.5000

12/10/19

100

14.6100

12/10/19

100

14.6100

12/10/19

200

14.7000

12/10/19

100

14.7400

12/10/19

100

14.7493

12/10/19

100

14.7500

12/10/19

582

14.7500

12/10/19

100

14.7500

12/10/19

4

14.8200

12/10/19

2

14.9400

12/11/19

1

14.5000

12/11/19

9

14.5000

12/11/19

1

14.8700

12/13/19

2,037

15.0000

12/16/19

1

14.9000

12/17/19

497

14.9900

 

Page 6 of 8 Pages

 

 

Date Purchased Shares Price

12/17/19

115

14.9000

12/18/19

47

14.9100

12/20/19

571

14.9100

12/27/19

3

14.9100

12/31/19

6

14.9100

1/2/20

1,970

15.0000

1/2/20

112

14.9800

1/2/20

100

14.9800

1/3/20

149

15.0000

 

 

 

*

Represents shares accidentally sold by the Reporting Persons’ broker. Upon discovery, the Reporting Persons disgorged the profits from this sale to the Company.

 

 

(d)

Not applicable.

 

 

(e)

Not applicable.

 

Item 7.

Material to be Filed as Exhibits.

 

  1.

Joint Filing Agreement incorporated herein by reference to Exhibit A to Schedule 13D as filed with the Securities and Exchange Commission on May 9, 2016.

 

Page 7 of 8 Pages

 

 

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.

 

Dated:   January 22, 2020 Meridian Investments I, LLC
   
   
  /s/ Andrew J. Abernathey                                           
  By: Andrew J. Abernathey
  Its:  President
   
   
   
  /s/ Andrew J. Abernathey                                           
  Andrew J. Abernathey

  

Page 8 of 8 Pages

 

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