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 13D/A
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. 15)*
EnerJex Resources, Inc.
(Name of Issuer)
Common Stock, par value $0.001
(Title of Class of Securities)
292758406
(CUSIP Number)
West Coast Opportunity Fund, LLC
c/o West Coast Asset Management, Inc.
1205 Coast Village Road
Montecito, California 93108
Attention: R. Atticus Lowe
Telephone: (805) 653-5333
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
May 4, 2015
(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 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 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.: 292758406
| ||
| 1 |
NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
West Coast Opportunity Fund, LLC | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
| |
| 3 |
SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS
WC | |
| 5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
| |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER –
0 | ||
| 8 |
SHARED VOTING POWER -
0 | |||
| 9 |
SOLE DISPOSITIVE POWER -
0 | |||
| 10 |
SHARED DISPOSITIVE POWER -
0 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |
| 12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |
| 14 |
TYPE OF REPORTING PERSON
OO |
|
CUSIP No.: 292758406
| ||
| 1 |
NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
West Coast Asset Management, Inc. | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
| |
| 3 |
SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS
AF | |
| 5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
| |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
California | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 |
SOLE VOTING POWER –
0 | ||
| 8 |
SHARED VOTING POWER –
0 | |||
| 9 |
SOLE DISPOSITIVE POWER –
0 | |||
| 10 |
SHARED DISPOSITIVE POWER –
0 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |
| 12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |
| 14 |
TYPE OF REPORTING PERSON
CO, IA |
|
CUSIP No.: 292758406
| ||
| 1 |
NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
R. Atticus Lowe | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
| |
| 3 |
SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS
AF | |
| 5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
| |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER -
13,701 | ||
| 8 |
SHARED VOTING POWER -
0 | |||
| 9 |
SOLE DISPOSITIVE POWER -
13,701 | |||
| 10 |
SHARED DISPOSITIVE POWER -
0 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,701 | |
| 12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.16% | |
| 14 |
TYPE OF REPORTING PERSON
IN, HC |
|
CUSIP No.: 292758406
| ||
| 1 |
NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lance W. Helfert | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
| |
| 3 |
SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS
AF | |
| 5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
| |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER -
31,927 | ||
| 8 |
SHARED VOTING POWER -
0 | |||
| 9 |
SOLE DISPOSITIVE POWER -
31,927 | |||
| 10 |
SHARED DISPOSITIVE POWER -
0 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,927 | |
| 12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
| |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.38% | |
| 14 |
TYPE OF REPORTING PERSON
IN, HC |
This Amendment No. 15 to Schedule 13D is being made to the pro rata distribution made by West Coast Opportunity Fund, LLC to its members. All other Items are unchanged.
| ITEM 5. | INTEREST IN SECURITIES OF ISSUER. |
(a) On May 4, 2015, West Coast Opportunity Fund, LLC made a pro-rata distribution of its 3,439,521 shares of Common Stock in EnerJex Resources, Inc. to is members, the ownership interest of Reporting Persons are as follows:
| Reporting Person | Number of Shares | Percentage of all Issuer's Outstanding Shares |
| West Coast Opportunity Fund, LLC | 0 | 0.00% |
| West Coast Asset Management, Inc. | 0 | 0.00% |
| Helfert | 31,927 | 0.38% |
| Lowe | 13,701 | 0.16% |
Lowe holds his shares individually and in IRA accounts. Helfert's shares are held as follows: (i) children; (ii) children's trusts; and (iii) IRA Accounts. Helfert does not hold any shares individually.
Each Reporting Person disclaims beneficial ownership of such shares except to the extent of their pecuniary interests
(b) The Reporting Persons no longer share amongst themselves voting and/or dispositive power with respect to such shares.
Lowe has the sole power to vote and dispose of the shares owned by him reported in Item 5(a).
Helfert has the sole power to vote and dispose of the shares owned by him reported in Item 5(a).
(c) Effective May 4, 2015, West Coast Opportunity Fund, LLC ("WCOF") made a liquidating distribution of all of its 3,439,521 shares of Issuer's common stock to its members. As a result of this distribution, Lowe acquired 5,129 shares directly or indirectly (through his IRA Accounts), and Helfert acquired indirectly through his IRA accounts 18,462 shares. No consideration (other than the liquidated membership interests) was exchanged in this liquidating distribution.
(d) Not applicable.
(e) As of May 4, 2015, WCOF ceased to be the beneficial owner of more than 5% of the common stock of Issuer.
| ITEM 7. | Material to be Filed as Exhibits. |
| Exhibit No. | Description |
| Exhibit A | Joint Filing Agreement dated May 13, 2015. |
| Exhibit B | Power of Attorney dated May 13, 2015. |
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the undersigned each certifies that the information with respect to it set forth in this Statement is true, complete and correct.
Dated: May 13, 2015.
| WEST COAST OPPORTUNITY FUND, LLC | |||
| WEST COAST ASSET MANAGEMENT, INC. | |||
| R. ATTICUS LOWE | |||
| LANCE W. HELFERT | |||
| By: |
/s/ Lance W. Helfert |
||
| Name | Lance W. Helfert | ||
| Title: | President of the Managing Member (for itself and as the Managing Member of the Fund) and Attorney-in-fact for each of the Principals | ||
EXHIBIT INDEX
| Exhibit A | Joint Filing Agreement dated May 13, 2015. |
| Exhibit B | Power of Attorney dated May 13, 2015. |
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13D with respect to the Common Stock, $0.001 par value, of EnerJex Resources, Inc. is, and any amendments thereto signed by each of the undersigned shall be, filed pursuant to and in accordance with the provisions of Rule 13(d)-1(k) under the Securities Exchange Act of 1934, as amended.
Dated: May 13, 2015.
| WEST COAST OPPORTUNITY FUND, LLC | |||
| WEST COAST ASSET MANAGEMENT, INC. | |||
| R. ATTICUS LOWE | |||
| LANCE W. HELFERT | |||
| By: |
/s/ Lance W. Helfert |
||
| Name | Lance W. Helfert | ||
| Title: | President of the Managing Member (for itself and as the Managing Member of the Fund) and Attorney-in-fact for each of the Principals | ||
EXHIBIT B
POWER OF ATTORNEY
BE IT KNOWN, that the undersigned Lance W. Helfert, and R. Atticus Lowe, hereby each constitutes and appoints Lance W. Helfert and R. Atticus Lowe, and each of them, as applicable, as true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution in name, place and stead, to sign any reports on Form 3 (Initial Statement of Beneficial Ownership of Securities), Form 4 (Statement of Changes in Beneficial Ownership of Securities) and Form 5 (Annual Statement of Beneficial Ownership of Securities) relating to transactions by the undersigned in Common Shares or other securities and all amendments thereto, and all filings on Schedule 13D or Schedule 13G, and all amendments thereto, and to file the same, with the Securities and Exchange Commission and the appropriate securities exchange, granting unto said attorneys-in-fact and agents, and each of them, or their substitutes, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.
This Power of Attorney shall be effective until such time as the undersigned delivers a written revocation thereof to the above-named attorneys-in-fact and agents.
The undersigned each acknowledge that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.
| Dated: May 13, 2015 |
/s/ Lance W. Helfert | |||
| Lance W. Helfert | ||||
| Dated: May 13, 2015 |
/s/ R. Atticus Lowe | |||
| R. Atticus Lowe | ||||