UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
(Amendment
No. 1)
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
STRAIGHT
PATH COMMUNICATIONS INC.
(Name
of Issuer)
Class
B Common Stock, par value $0.01 per share
(Title
of Class of Securities)
862578101
(CUSIP
Number)
Howard
S. Jonas
520
Broad Street
Newark,
NJ 07102
(973)
438-1000
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
July
12, 2017
(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 statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: ☐
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).
SCHEDULE
13D
|
|
1
|
NAME
OF REPORTING PERSONS
Howard
S. Jonas
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☒
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
N/A
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
22,769
8 SHARED
VOTING POWER
1,195,257
9 SOLE
DISPOSITIVE POWER
22,769
10 SHARED
DISPOSITIVE POWER
1,195,257
|
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,218,026
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.2%
|
14
|
TYPE
OF REPORTING PERSON
IN
|
|
|
|
SCHEDULE
13D
|
|
1
|
NAME
OF REPORTING PERSONS
Howard
S. Jonas 2017 Annuity Trust
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☒
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
N/A
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
-0-
8 SHARED
VOTING POWER
1,180,960
9 SOLE
DISPOSITIVE POWER
-0-
10 SHARED
DISPOSITIVE POWER
1,180,960
|
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,180,960
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
|
14
|
TYPE
OF REPORTING PERSON
OO
|
|
|
|
SCHEDULE
13D
Item
1. Security and Issuer
The
class of equity securities to which this Statement relates is shares of Class B common stock, par value $.01 per share (the “Shares”),
of Straight Path Communications Inc., a Delaware corporation (the “Company”). The principal executive offices
of the Company are located at 5300 Hickory Park Drive, Suite 218, Glen Allen, VA 23059.
Item
2. Identity and Background
This
Statement is being jointly filed by the following persons (each a “Reporting Person” and collectively, the “Reporting
Persons”): (1) Mr. Howard S. Jonas, 520 Broad St., Newark, NJ 07102, the Trustor of the Company’s controlling stockholder,
The Patrick Henry TR DTD July 31 2013, a trust formed under the laws of Nevada (“The Patrick Henry Trust”). The Trustee
of The Patrick Henry Trust is Alliance Trust Company LLC, a limited liability company organized and existing under the laws of
the State of Nevada. Along with the Trustor, The Patrick Henry Trust shares the power to vote or to direct the vote of 787,163
shares of the Company’s Class A common stock held by it and shares the power to dispose or to direct the disposition of
those 787,163 shares. The Shares represent the sole assets of The Patrick Henry Trust; and (2) the Howard S. Jonas 2017 Annuity
Trust (the “Annuity Trust”). Howard Jonas is the Grantor Retained Annuity Trustee of the Annuity Trust for the benefit
of his children and he does not beneficially own the Shares.
During
the last five years, none of the Reporting Persons have been convicted in a criminal proceeding. During the last five years, none
of the Reporting Persons were party to a civil proceeding of a judicial or administrative body of competent jurisdiction and they
are not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws, nor a finding of any violation with respect to such laws. Mr. Jonas is a United States citizen.
Item
3. Source and Amount of Funds or Other Consideration
Not
applicable
Item
4. Purpose of Transaction
Not
applicable.
Item
5. Interest in Securities of the Issuer
(a)
As of the date hereof, Howard Jonas is the beneficial owner of 1,218,026 Shares consisting of: (i) 21,213 Shares held by The Churchill
Legacy LLC, a limited liability company beneficially owned by Howard Jonas; (ii) 14,297 Shares held by the Jonas Foundation; (iii)
1,180,960 held by the Annuity Trust; and (iv) an aggregate of 1,556 Shares held in custodial accounts for the benefit of
certain children of Howard Jonas (of which Howard Jonas is the custodian). The foregoing does not include 83,478 Shares beneficially
owned by a trust for the benefit of a child of Mr. Jonas, as Mr. Jonas does not exercise or share voting or investment control
of these shares.
(b)
Along with Mr. Jonas, the Annuity Trust shares the power to vote or to direct the vote of 1,180,960 Shares held by it and shares
the power to dispose or to direct the disposition of those 1,180,960 Shares.
(c)
On July 12, 2017, the Annuity Trust transferred 222,389 Shares to The Churchill Legacy LLC. On July 13, 2017, the Churchill Legacy
LLC sold 55,597 Shares for $179.6655 per Share, on July 14, 2017, The Churchill Legacy LLC sold 41,687 Shares for $179.43 per
Share, and on July 17, 2017, sold 103,892 Shares for 179.2771 per Share. The Shares were sold in the open market through The Churchill
Legacy LLC’s brokerage account.
(d)
Not applicable
(e)
Not applicable.
Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Not
applicable.
Item
7. Material to be Filed as Exhibits
Not
applicable.
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:
July 20, 2017
/s/ Howard S. Jonas
|
|
Howard S. Jonas
|
|
|
|
By: Howard S. Jonas 2017 Annuity Trust
|
|
|
|
/s/ Howard S. Jonas
|
|
Howard S. Jonas
|
|
Trustee
|
|
6
Grafico Azioni Straight Path Communications Inc. Class B (delisted) (AMEX:STRP)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Straight Path Communications Inc. Class B (delisted) (AMEX:STRP)
Storico
Da Lug 2023 a Lug 2024