Amended Statement of Beneficial Ownership (sc 13d/a)
August 03 2020 - 6:10AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
SCHEDULE 13D
under the Securities Exchange Act of 1934
(Amendment No. 2)
_______________________
KINGSWAY
FINANCIAL SERVICES INC.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
496904202
(CUSIP Number of Class
of Securities)
_______________________
Charles L. Frischer
4404 52nd Avenue NE
Seattle, WA 98105
______________________________________________________________________
(Name, Address and Telephone Number of
Person
Authorized to Receive Notices and Communications)
July 29, 2020
(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(b)(3) or (4), 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 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 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).
(continued on next page(s))
|
Page 1
of 5
|
CUSIP No. 496904202
|
13D
|
Page 2 of 5
|
1
|
Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Charles Frischer
I.R.S. I.D. No.
|
|
2
|
Check the Appropriate Box if a Member of a Group *
|
(a) ☒
(b) ☐
|
3
|
SEC Use Only
|
|
4
|
Sources of Funds *
PF
|
|
5
|
Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(e) of 2(f)
|
☐
|
6
|
Citizenship or Place of Organization
USA
|
|
Number of Shares Beneficially Owned
by Each Reporting
Person With
|
7
|
Sole Voting Power
1,657,099
|
|
8
|
Shared Voting Power
- 0 -
|
|
9
|
Sole Dispositive Power
1,657,099
|
|
10
|
Shared Dispositive Power
- 0 -
|
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting
Person
1,657,099
|
|
12
|
Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares*
|
☐
|
13
|
Percent of Class Represented by Amount in Row (11)
7.296%
|
|
14
|
Type of Reporting Person*
IN
|
|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 496904202
|
13D
|
Page 3 of 5
|
This Amendment No. 2 to Schedule 13D amends
certain information contained in the Schedule 13D filed by Charles Frischer, on April 27, 2020, as Amended by that certain Amendment
No. 1 to Schedule 13D filed by Charles Frischer on May 15, 2020, with respect to his interests in the Common Stock, par value $0.01
per share (the “Shares”) of Kingsway Financial Services Inc., a Delaware corporation (the “Issuer”) (the
“13D”). Capitalized terms used but not defined herein have the meanings ascribed to them in the 13D.
|
Item 3.
|
Source and Amount of Other Consideration
|
Item 3 is amended by adding the following:
Charles Frischer purchased
directly and through his IRA, 241,059 Shares in the aggregate from May 26, 2020 through July 31, 2020 for an aggregate purchase
price of $598,179.70. Mr. Frischer used his personal funds to acquire these Shares.
|
Item 5.
|
Interest of Securities of the Issuer.
|
Item 5 is amended as follows:
|
(a) and (b)
|
Beneficial ownership
|
As of the date of this
Amendment No. 2 to Schedule 13D, Mr. Frischer directly or through his IRA owns 1,657,099 Shares of the Issuer representing approximately
7.296% of the outstanding Shares. The percentages set forth above and on the cover pages hereto represent percentages of the outstanding
Shares based on a total of 22,711,069 Shares outstanding as of July 17, 2020, which amount is derived from amount reported in the
Issuer’s Quarterly Report for the period ended on March 31, 2020.
|
(c)
|
Transactions during the past sixty days
|
Information with respect to each of the
Reporting Person transactions effected during the past 60 days are set forth on Annex A hereto.
|
(d)
|
Right to receive dividends or proceeds
|
Not applicable.
|
(e)
|
Beneficial ownership of less than five percent
|
Not applicable.
CUSIP No. 496904202
|
13D
|
Page 4 of 5
|
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 as of: July 31, 2020
|
/s/ Charles Frischer
|
|
Charles Frischer
|
Attention: Intentional misstatements or omissions of
fact constitute Federal criminal violations (See 18 U.S.C. 1001).
CUSIP No. 496904202
|
13D
|
Page 5 of 5
|
ANNEX A
Schedule of Transactions in Preferred Stock
of the Issuer
During the Past 60 Days
Charles Frischer
Date of Transaction
|
Quantity Purchased
|
Price per Share
|
|
|
|
7/31/2020
|
12,511
|
$2.74
|
7/30/2020
|
11,588
|
$2.62
|
7/29/2020
|
114,000
|
$2.65
|
7/28/2020
|
4,000
|
$2.56
|
7/17/2020
|
5,100
|
$2.35
|
7/16/2020
|
18,900
|
$2.40
|
6/22/2020
|
6,000
|
$2.08
|
6/17/2020
|
1,000
|
$2.13
|
6/16/2020
|
4,700
|
$2.16
|
6/11/2020
|
27,500
|
$2.11
|
6/8/2020
|
6,000
|
$2.31
|
6/5/2020
|
1,600
|
$2.30
|
6/4/2020
|
6,700
|
$2.33
|
6/1/2020
|
3,200
|
$2.22
|
5/28/2020
|
16,000
|
$2.24
|
5/26/2020
|
2,260
|
$2.20
|
Kingsway Financial Servi... (NYSE:KFS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kingsway Financial Servi... (NYSE:KFS)
Historical Stock Chart
From Apr 2023 to Apr 2024