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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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Wireless Telecom Group, Inc.
(Name of Issuer)
Common stock, $0.01 par value per share
(Title of Class of Securities)
976524108
(CUSIP Number)
Alan Bazaar
Hollow Brook Wealth Management, LLC
420 Lexington Avenue, Suite 2840
New York, NY 10170
(212) 364-1840
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
- with copies to -
Matthew S. Eisenberg
Finn Dixon & Herling LLP
177 Broad Street
Stamford, CT 06901
April 30, 2011
(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 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 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. 976524108
1
NAMES OF REPORTING PERSONS
Hollow Brook Wealth Management, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
[ ]
(b)
[ X]
3
SEC USE ONLY
4
SOURCE OF FUNDS (See Instructions)
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
NUMBER OF SHARES
7
SOLE VOTING POWER
0
BENEFICIALLY OWNED BY
8
SHARED VOTING POWER
1,859,597
EACH REPORTING PERSON
9
SOLE DISPOSITIVE POWER
0
WITH
10
SHARED DISPOSITIVE POWER
1,859,597
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,859,597
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see Instructions)
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.0%
14
TYPE OF REPORTING PERSON (see Instructions)
IA
CUSIP No. 976524108
1
NAMES OF REPORTING PERSONS
E. Wayne Nordberg
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
[ ]
(b)
[ X ]
3
SEC USE ONLY
4
SOURCE OF FUNDS (See Instructions)
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES
7
SOLE VOTING POWER
0
BENEFICIALLY OWNED BY
8
SHARED VOTING POWER
1,859,597
EACH REPORTING PERSON
9
SOLE DISPOSITIVE POWER
0
WITH
10
SHARED DISPOSITIVE POWER
1,859,597
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,859,597
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see Instructions)
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.0%
14
TYPE OF REPORTING PERSON (see Instructions)
IN, HC
CUSIP No. 976524108
1
NAMES OF REPORTING PERSONS
Philip E. Richter
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
[ ]
(b)
[ X ]
3
SEC USE ONLY
4
SOURCE OF FUNDS (See Instructions)
PF, OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES
7
SOLE VOTING POWER
23,717
BENEFICIALLY OWNED BY
8
SHARED VOTING POWER
1,859,597
EACH REPORTING PERSON
9
SOLE DISPOSITIVE POWER
23,717
WITH
10
SHARED DISPOSITIVE POWER
1,859,597
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,883,314
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see Instructions)
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1%
14
TYPE OF REPORTING PERSON (see Instructions)
IN, HC
CUSIP No. 976524108
1
NAMES OF REPORTING PERSONS
Alan L. Bazaar
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
[ ]
(b)
[ X ]
3
SEC USE ONLY
4
SOURCE OF FUNDS (See Instructions)
PF, OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES
7
SOLE VOTING POWER
95,345
BENEFICIALLY OWNED BY
8
SHARED VOTING POWER
1,859,597
EACH REPORTING PERSON
9
SOLE DISPOSITIVE POWER
95,345
WITH
10
SHARED DISPOSITIVE POWER
1,859,597
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,954,942
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see Instructions)
[ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5%
14
TYPE OF REPORTING PERSON (see Instructions)
IN, HC
SCHEDULE 13D
This Amendment No. 1 (“Amendment No. 1”) amends and supplements Items 4 and 7 to reflect changes to the Schedule 13D filed with the U.S. Securities and Exchange Commission on January 19, 2016 (the “Schedule 13D”) relating to shares of common stock of Wireless Telecom Group, Inc., a New Jersey corporation (the “Issuer”). Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported on the Schedule 13D. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D. The purposes of this Amendment No. 1 are: to correct the percentages of the Common Stock beneficially owned by the Reporting Persons reported on the cover pages hereto and in Item 5 hereof, to reflect a reduction in the number of issued and outstanding shares of the Issuer’s common stock, par value $0.01 per share (the “Common Stock”), as a result of share repurchases effected by the Issuer in the last quarter of 2015; and to clarify in Item 4 that certain shares held by one of the Reporting Persons were acquired pursuant to a grant by the Issuer (as indicated in Item 3).
Item 4. Purpose of the Transaction
The first paragraph of Item 4 is hereby amended and restated as follows:
“The Stockholders acquired the shares of Common Stock owned by them on the open market or pursuant to grants by the Issuer. The shares of Common Stock are held by the Stockholders for investment purposes.”
Item 5. Interest in Securities of the Issuer
Item 5(a) is hereby amended and restated as follows:
“(a) As of the date hereof, the following is the beneficial ownership and percentage of the Issuer’s Common Stock outstanding for each of the Reporting Persons:
| Name of Reporting Person | Number of Shares | Percentage of Class |
| Hollow Brook Wealth Management, LLC | 1,859,597 | 10.0% |
| E. Wayne Nordberg | 1,859,597 | 10.0% |
| Philip E. Richter | 1,883,314 | 10.1% |
| Alan Bazaar | 1,954,942 | 10.5% |
The approximate percentages of shares of common stock reported as beneficially owned by the Reporting Persons are based upon 18,593,013 shares outstanding on March 29, 2016, as reported in the Issuer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015.
The Reporting Persons have been advised by the Issuer that the number of shares outstanding on December 31, 2015 was 18,636,008. Had this number been used on the original version of this Schedule 13D, the reported percentage ownership would have been as follows: HBWM: 9.9%; Mr. Nordberg: 9.9%; Mr. Richter: 10.1%; and Mr. Bazaar: 10.5%.”
Signatures
After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Signature:
Dated: May 3, 2016
Entities:
Hollow Brook Wealth Management LLC
By:
/s/ E. Wayne Nordberg
E. Wayne Nordberg, as
Chairman for the
above-listed entity
Individuals:
By:
/s/ E. Wayne Nordberg
E. Wayne Nordberg
By:
/s/ Philip E. Richter
Philip E. Richter
By:
/s/ Alan L . Bazaar
Alan L. Bazaar