SEC Form SC 13G/A filed by Network-1 Technologies Inc. (Amendment)
$NTIP
Multi-Sector Companies
Miscellaneous
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(AMENDMENT NO. 10)*
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Network-1 Technologies, Inc.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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64121N109
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(CUSIP Number)
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December 31, 2022
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
X Rule 13d-1(c)
☐ Rule 13d-1(d)
CUSIP NO. 64121N109
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1
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NAMES OF REPORTING PERSONS
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Steven D. Heinemann
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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2,052,769 (1)
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6
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SHARED VOTING POWER
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-0-
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7
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SOLE DISPOSITIVE POWER
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2,052,769 (1)
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8
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SHARED DISPOSITIVE POWER
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-0-
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,052,769 (1)
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.59%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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(1) Includes 1,467,636 shares of common stock owned by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member.
CUSIP NO. 64121N109
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1
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NAMES OF REPORTING PERSONS
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Goose Hill Capital LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Florida
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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1,467,636
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6
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SHARED VOTING POWER
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-0-
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7
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SOLE DISPOSITIVE POWER
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1,467,636
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8
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SHARED DISPOSITIVE POWER
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-0-
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,467,636
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.14%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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| Item 1(a). | Name of Issuer: |
Network-1 Technologies, Inc.
| Item 1(b). | Address of Issuer's Principal Executive Offices: |
445 Park Avenue, Suite 912
New York, NY 10022
| Item 2(a). | Name of Person Filing: |
This statement is filed by Steven D. Heinemann and Goose Hill Capital LLC.
| Item 2(b). | Address of Principal Business Office or, if none, Residence: |
The address of the principal business office of Steven D. Heinemann and Goose Hill Capital LLC is 12378 Indian Road, North Palm Beach, Florida 33408.
| Item 2(c). | Citizenship: |
Steven D. Heinemann is a United States citizen. Goose Hill Capital LLC is a Florida limited liability company.
| Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.01 per share.
| Item 2(e). | CUSIP Number: |
64121N109
| Item 3. | Type of Reporting Person: |
Not applicable.
| Item 4. | Ownership. |
The percentages used herein are calculated based upon 23,892,772 shares of Common Stock outstanding (as set forth in the Issuer's Form 10-Q for the quarterly period ended September 30,
2022 filed on November 14, 2022).
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1.
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Steven D. Heinemann
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(a)
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Amount beneficially owned: 2,052,769 (1)
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(b)
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Percent of class: 8.59%
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(c)
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(i) Sole power to vote or direct the vote: 2,052,769 (1)
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(ii) Shared power to vote or direct the vote: -0-
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(iii) Sole power to dispose or direct the disposition: 2,052,769 (1)
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(iv) Shared power to dispose or direct the disposition: -0-
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(1) Includes 1,467,636 shares of common stock owned by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member.
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2.
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Goose Hill Capital LLC
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(a)
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Amount beneficially owned: 1,467,636
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(b)
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Percent of class: 6.14%
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(c)
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(i) Sole power to vote or direct the vote: 1,467,636
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(ii) Shared power to vote or direct the vote: -0-
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(iii) Sole power to dispose or direct the disposition: 1,467,636
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(iv) Shared power to dispose or direct the disposition: -0-
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| Item 5-9. | Not applicable. |
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Item 10.
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Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activitites solely in connection with a nomination
under §240.14a-11.
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 13, 2023
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/s/ Steven D. Heinemann |
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| Steven D. Heinemann |
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GOOSE HILL CAPITAL LLC
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By:
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/s/ Steven D. Heinemann
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Name: Steven D. Heinemann
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Title: Authorized Person
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JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned
agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, $0.01 par value, of Network-1 Technologies, Inc., a Delaware corporation, and further
agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.
The undersigned further agree that each party hereto is responsible for the timely filing of such
Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the
information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on
each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Joint
Filing Agreement as of February 13, 2023.
| /s/ Steven D. Heinemann |
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| Steven D. Heinemann |
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| GOOSE HILL CAPITAL LLC |
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By:
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/s/ Steven D. Heinemann |
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| Name: Steven D. Heinemann |
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| Title: Authorized Person |
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