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    SEC Form SC 13D/A filed by General American Investors Inc. (Amendment)

    2/1/22 4:31:43 PM ET
    $GAM
    Investment Managers
    Finance
    Get the next $GAM alert in real time by email
    SC 13D/A 1 gainv-sc13da_123121.htm AMENDMENT TO FORM SC 13D
     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13D

     

    Under the Securities Exchange Act of 1934

    (Amendment No. ___3_____)*

     

     

    General American Investors Company, Inc.

    __________________________________________________________________________________

    (Name of Issuer)

     

     

     

    Common Stock, par value $ 1.00 per share

    __________________________________________________________________________________

    (Title of Class of Securities)

     

     

    368802104

    __________________________________________________________________________________

    (CUSIP Number)

     

    Spencer Davidson

    530 Fifth Avenue, 26th Floor

    New York, NY 10036

    1-800-436-8401

    ________________________________________________________________________________

    (Name, Address and Telephone Number of Person Authorized to

    Receive Notices and Communications)

     

     

    December 31, 2021

    __________________________________________________________________________________

    (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. 368802104
    1.  Names of Reporting Persons.
    Spencer Davidson
     
    2.  Check the Appropriate Box if a Member of a Group
    (a) ☐
    (b) ☐
     
    3.  SEC Use Only
    4.  Source of Funds
    OO, PF
    5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
     
    6.  Citizenship or Place of Organization
        United States of America

     

     

       Number of Shares

       Beneficially

       Owned by

       Each Reporting

       Person With:

     

     

    7.  Sole Voting Power
          1,426,856
     
    8.  Shared Voting Power
         70,101
     
    9.  Sole Dispositive Power
         1,426,856
     
    10.  Shared Dispositive Power
         70,101
     
    11.  Aggregate Amount Beneficially Owned by Each Reporting Person
    1,496,957
    12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
     
    13.  Percent of Class Represented by Amount in Row (11)
    6.14%
    14.  Type of Reporting Person
            IN

     

     

     
     

     

     

     

    ITEM 1. SECURITY AND ISSUER

     

    This Schedule 13D is being filed to report the beneficial ownership of shares of common stock, $1.00 par value per share (the “Shares”), of General American Investors Company, Inc. (the “Issuer”). The address of the principal executive offices of the Issuer is 530 Fifth Ave, New York, NY 10036.

     

    ITEM 2. IDENTITY AND BACKGROUND

     

    (a)

    This Schedule 13D is being filed by Spencer Davidson, a citizen of the United States of America.

    (b)

    The principal business address of Mr. Davidson is 530 Fifth Ave, New York, NY 10036.

    (c)

    Mr. Davidson’s principle occupation is Chairman of General American Investors Company, Inc.

    (d)

    Mr. Davidson has not been, during the past five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

    (e)

    Mr. Davidson has not been, during the past five years, party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

     

    ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

     

    Share repurchases by the Company have also contributed to a higher percentage holding of outstanding shares.

     

    ITEM 4. PURPOSE OF TRANSACTION

     

    Mr. Davidson acquired the Shares reported herein for investment purposes in the ordinary course of his investing in securities for his own account.

     

    Other than as may have arisen in his capacity as a director of the Issuer, Mr. Davidson currently has no plans or proposals that relate to, or would result in, any of the matters listed in Item 4(a)-(j) of Schedule 13D.

     

    ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

     

    (a)-(b) The information set forth in rows 7 through 13 of the cover page to this Schedule 13D is incorporated by reference. The percentage set forth in row 13 is based on 24,392,134 outstanding Shares as of December 31, 2021.

     

    (c) Not applicable

     

     
     

     

     

     
           
    Date of Transaction Amount of Securities Weighted Average Price per Share Type
           

     

    (d) Not applicable.

     

    (e) Not applicable

     

    ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

     

    None.

     

    ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

     

    None.

     

     

     
     

     

     

    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.

     

    Dated: February 01, 2022

     

    By: /s/ Spencer Davidson
    Name: Spencer Davidson

     

     

     

     

     

     

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