Sec Form 13G Filing - Bayview Legacy LLC filing for Arteris Inc. (AIP) - 2024-01-24

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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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. 2)*

 

 

Arteris, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

04302A104

(CUSIP Number)

December 31, 2023

(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. 04302A104    Schedule 13G    Page 1 of 7

 

  1    

  Names of Reporting Persons

 

  Bayview Legacy, 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

 

  10,307,691

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  10,307,691

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,307,691

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  28.0%

12  

  Type of Reporting Person

 

  OO


 

CUSIP No. 04302A104    Schedule 13G    Page 2 of 7

 

  1    

  Names of Reporting Persons

 

  K. Charles Janac

  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

 

  179,130

   6   

  Shared Voting Power

 

  10,307,691

   7   

  Sole Dispositive Power

 

  179,130

   8   

  Shared Dispositive Power

 

  10,307,691

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,486,821

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  28.4%

12  

  Type of Reporting Person

 

  IN


 

CUSIP No. 04302A104    Schedule 13G    Page 3 of 7

 

ITEM 1.  (a)

Name of Issuer:

Arteris, Inc. (the “Issuer”).

 

  (b)

Address of Issuer’s Principal Executive Offices:

900 E. Hamilton Ave., Suite 300, Campbell, CA 95008

 

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:

Bayview Legacy, LLC

K. Charles Janac

 

  (b)

Address or Principal Business Office:

The business address for each of Bayview Legacy, LLC and Mr. Janac is c/o Arteris, Inc., 900 E. Hamilton Ave., Suite 300, Campbell, CA 95008.

 

  (c)

Citizenship of each Reporting Person is:

Bayview Legacy, LLC is organized under the laws of the State of Delaware. Mr. Janac is a citizen of the United States.

 

  (d)

Title of Class of Securities:

Common Stock, par value $0.001 per share (“Common Stock”).

 

  (e)

CUSIP Number:

04302A104

 

ITEM 3.

Not applicable.


 

CUSIP No. 04302A104    Schedule 13G    Page 4 of 7

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of December 31, 2023, based upon 36,854,383 shares of Common Stock outstanding as of October 31, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 7, 2023.

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:

Bayview Legacy, LLC

   10,307,691      28.0   0    10,307,691    0    10,307,691

K. Charles Janac

   10,486,821      28.4   179,130    10,307,691    179,130    10,307,691

Bayview Legacy, LLC is the record holder of 10,307,691 shares of Common Stock. Mr. Janac is the manager of Bayview Legacy, LLC and, as such, may be deemed to share beneficial ownership of the securities held of record by Bayview Legacy, LLC.

Mr. Janac may also be deemed to share beneficial ownership of 179,130 shares of Common Stock, which includes (i) 100,000 shares of Common Stock held of record by Mr. Janac, (ii) 71,786 shares of Common Stock held of record by the Janac Trust and (iii) 7,344 shares of Common Stock underlying restricted stock units that will vest within 60 days of December 31, 2023.

 

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.

 

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.


CUSIP No. 04302A104    Schedule 13G    Page 5 of 7

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.


CUSIP No. 04302A104    Schedule 13G    Page 6 of 7

 

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: January 24, 2024

 

Bayview Legacy, LLC
By:   /s/ K. Charles Janac
Name:   K. Charles Janac
Title:   Manager
K. Charles Janac
/s/ K. Charles Janac


CUSIP No. 04302A104    Schedule 13G    Page 7 of 7

 

LIST OF EXHIBITS

 

Exhibit No.   

Description

99    Joint Filing Agreement (previously filed).