Amended Statement of Beneficial Ownership (sc 13d/a)
23 February 2019 - 4:52AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D/A
Under
the Securities Exchange Act of 1934
(Amendment
No. 2)
AMERI
Holdings, Inc.
(Name
of Issuer)
Common
Stock, par value $0.01
(Title
of Class of Securities)
02362F104
(CUSIP
Number)
Lokesh
Sikaria
1659
Manasco Circle, Folsom, CA 95630
916-705-9677
(Name,
Address and Telephone Number of Person Authorized to
Receive
Notices and Communications)
February
15, 2019
(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
§§ 240.13d-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 the disclosures provided
in a prior cover page.
The
information required in 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.
02362F104
1.
|
Names
of Reporting Persons
The Sikaria Family 2008 Revocable Trust Dated 02/28/2008
I.R.S.
Identification Nos. of above persons (entities only).
|
2.
|
Check
the Appropriate Box if a Member of a Group (See Instructions)
(a) ☒
(b) ☐
|
3
|
SEC
Use Only
|
4.
|
Source
of Funds (See Instructions)
WC
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
N/A
|
6.
|
Citizenship
or Place of Organization
United States
|
Number
of Shares Bene-ficially Owned by Each Reporting Person With
|
7.
Sole Voting Power
0
|
8.
Shared Voting Power
1,748,272(1)
|
9.
Sole Dispositive Power
0
|
10.
Shared Dispositive Power
1,748,272(1)
|
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
1,748,272(1)
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
13.
|
Percent
of Class Represented by Amount in Row (11)
4.41%(2)
|
14.
|
Type
of Reporting Person (See Instructions)
OO
|
|
(1)
|
Includes
1,748,272 shares of common stock beneficially owned by The Lokesh Sikaria Trust Dated
12/14/2012 as a member of a group. The Sikaria Family 2008 Revocable Trust Dated 02/28/2008
expressly disclaims beneficial ownership in the shares beneficially owned by The Lokesh
Sikaria Trust Dated 12/14/2012.
|
|
(2)
|
Based
on 39,607,569 shares of common stock outstanding as of November 8, 2018, as reported
on the Issuer’s Form 10-Q, filed on November 14, 2018.
|
CUSIP
No.
02362F104
1.
|
Names
of Reporting Persons
The Lokesh Sikaria Trust Dated 12/14/2012
I.R.S.
Identification Nos. of above persons (entities only).
|
2.
|
Check
the Appropriate Box if a Member of a Group (See Instructions)
(a) ☒
(b) ☐
|
3
|
SEC
Use Only
|
4.
|
Source
of Funds (See Instructions)
WC
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
N/A
|
6.
|
Citizenship
or Place of Organization
United States
|
Number
of Shares Bene-ficially by Owned by Each Reporting Person With
|
7.
Sole Voting Power
1,748,272
|
8.
Shared Voting Power
0
|
9.
Sole Dispositive Power
1,748,272
|
10.
Shared Dispositive Power
0
|
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
1,748,272
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
13.
|
Percent
of Class Represented by Amount in Row (11)
4.41%(1)
|
14.
|
Type
of Reporting Person (See Instructions)
OO
|
|
(1)
|
Based
on 39,607,569 shares of common stock outstanding as of November 8, 2018, as reported
on the Issuer’s Form 10-Q, filed on November 14, 2018.
|
CUSIP
No.
02362F104
1.
|
Names
of Reporting Persons
Lokesh Sikaria
I.R.S.
Identification Nos. of above persons (entities only).
|
2.
|
Check
the Appropriate Box if a Member of a Group (See Instructions)
(a) ☒
(b) ☐
|
3
|
SEC
Use Only
|
4.
|
Source
of Funds (See Instructions)
WC
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
N/A
|
6.
|
Citizenship
or Place of Organization
United States
|
Number
of Shares Bene-ficially by Owned by Each Reporting Person With
|
7.
Sole Voting Power
0
|
8.
Shared Voting Power
1,748,272(1)
|
9.
Sole Dispositive Power
0
|
10.
Shared Dispositive Power
1,748,272(1)
|
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
1,748,272(1)
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
13.
|
Percent
of Class Represented by Amount in Row (11)
4.41%(2)
|
14.
|
Type
of Reporting Person (See Instructions)
IN
|
|
(1)
|
Includes
1,748,272 shares of common stock beneficially owned by The Lokesh Sikaria Trust Dated
12/14/2012 as a member of a group. Lokesh Sikaria expressly disclaims beneficial ownership
in the shares beneficially owned by The Lokesh Sikaria Trust Dated 12/14/2012.
|
|
(2)
|
Based
on 39,607,569 shares of common stock outstanding as of November 8, 2018, as reported
on the Issuer’s Form 10-Q, filed on November 14, 2018.
|
CUSIP
No.
02362F104
1.
|
Names
of Reporting Persons
Chanda Sikaria
I.R.S.
Identification Nos. of above persons (entities only).
|
2.
|
Check
the Appropriate Box if a Member of a Group (See Instructions)
(a) ☒
(b) ☐
|
3
|
SEC
Use Only
|
4.
|
Source
of Funds (See Instructions)
WC
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
N/A
|
6.
|
Citizenship
or Place of Organization
United States
|
Number
of Shares Bene-ficially by Owned by Each Reporting Person With
|
7.
Sole Voting Power
0(1)
|
8.
Shared Voting Power
1,748,272(2)
|
9.
Sole Dispositive Power
0(1)
|
10.
Shared Dispositive Power
1,748,272 (2)
|
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
1,748,272 (2)
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
13.
|
Percent
of Class Represented by Amount in Row (11)
4.41%(3)
|
14.
|
Type
of Reporting Person (See Instructions)
IN
|
|
(1)
|
Chanda
Sikaria is one of three trustees of the Lokesh Sikaria Trust Dated 12/14/2012, but Chanda
Sikaria is not deemed a beneficial owner of the 1,748,272 shares of common stock held
by Lokesh Sikaria Trust Dated 12/14/2012 as the trustees can only act by majority vote,
and no trustee could act individually to vote or sell shares held by the trust.
|
|
(2)
|
Includes
1,748,272 shares of common stock beneficially owned by The Lokesh Sikaria Trust Dated
12/14/2012 as a member of a group. Chanda Sikaria expressly disclaims beneficial ownership
in the shares beneficially owned by The Lokesh Sikaria Trust Dated 12/14/2012.
|
|
(3)
|
Based
on 39,607,569 shares of common stock outstanding as of November 8, 2018, as reported
on the Form 10-Q filed on November 14, 2018.
|
AMENDMENT
NO. 2 TO SCHEDULE 13D/A
Item
1. Security and Issuer
This
Amendment No. 2 to Schedule 13D/A (this “Statement”) relates to shares of common stock, $0.01 par value of AMERI Holdings,
Inc., a Delaware corporation (the “Issuer”). The Issuer’s principal executive offices are located at 5000 Research
Court, Suite 750, Suwanee, Georgia.
Item
4. Purpose of the Transaction
The
Reporting Persons acquired the Issuer’s shares of common stock primarily for investment purposes. However, the Reporting
Persons may contact others it believes to be “accredited investors” who may own securities of the Issuer in exploratory
conversations to determine if such persons may be willing to sell such securities in privately negotiated transactions with privately
negotiated prices which, at this time, would not involve a change in voting control of the Issuer. No assurances can be given
that the Reporting Persons will consummate any purchases from such persons and may instead decide to sell all or a part of its
holdings in one or more market transactions in the future.
Subject
to ongoing evaluation, except as otherwise set forth above, the Reporting Person has no current plans or proposals which relate
to or would otherwise result in any of the following:
|
(a)
|
The
acquisition by any person of additional securities of the Issuer, or the disposition
of securities of the Issuer;
|
|
(b)
|
An
extraordinary corporate transaction, such as a merger, reorganization or liquidation,
involving the Issuer or any of its subsidiaries;
|
|
(c)
|
A
sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
|
|
(d)
|
Any
change in the present Board of Directors or management of the Issuer, including any plans
or proposals to change the number or term of directors or to fill any existing vacancies
on the Board;
|
|
(e)
|
Any
material change in the present capitalization or dividend policy of the Issuer;
|
|
(f)
|
Any
other material change in the Issuer’s business or corporate structure including,
but not limited to, if the Issuer is a registered closed-end investment company, any
plans or proposals to make any changes in its investment policy for which a vote is required
by Section 13 of the Investment Company Act of 1940;
|
|
(g)
|
Changes
in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions
which may impede the acquisition of control of the Issuer by any person;
|
|
(h)
|
Causing
a class of securities of the Issuer to be delisted from a national securities exchange
or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered
national securities association;
|
|
(i)
|
A
class of equity securities of the Issuer becoming eligible for termination of registration
pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or
|
|
(j)
|
Any
action similar to any of those enumerated above.
|
Notwithstanding
the above, the Reporting Persons reserve the right to consider alternatives and explore the possibility of acquiring additional
shares of the Issuer’s common stock that they do not currently own. The Reporting Persons will promptly amend this Statement
when the Reporting Persons’ purpose changes.
Item
5. Interest in Securities of the Issuer
|
(a)
|
Determined
in accordance with Rule 13d-3(d)(1), as a result of their cooperation and acting in concert,
the 2008 Trust and the 2012 Trust are deemed to beneficially own as a group 1,748,272
shares of the Issuer’s common stock, which represents approximately 4.41% of such
outstanding class of the Issuer’s securities. Percentage calculations are based
on 39,607,569 shares of common stock outstanding as of November 8, 2018, as reported
on the Form 10-Q filed on November 14, 2018.
|
Mr.
Sikaria is an individual and has the sole voting and dispositive power over the shares of common stock beneficially owned by the
2008 Trust. Ms. Sikaria is an individual and has the sole voting and dispositive power over the shares of common stock beneficially
owed by the 2008 Trust.
|
(b)
|
The
following table sets forth the number of shares of common stock as to which the respective
Reporting Person has (i) the sole power to vote or direct the vote, (ii) shared power
to vote or to direct the vote, (iii) sole power to dispose or to direct the disposition,
or (iv) shared power to dispose or to direct disposition:
|
Reporting
Person
|
Sole
Voting Power
|
Shared
Voting Power
|
Sole
Dispositive Power
|
Shared
Dispositive Power
|
The
Sikaria Family 2008 Revocable Trust Dated 02/28/2008
|
0
|
1,748,272
|
0
|
1,748,272
|
The
Lokesh Sikaria Trust Dated 12/14/2012
|
1,748,272
|
1,748,272
|
1,748,272
|
1,748,272
|
Lokesh
Sikaria
|
0
|
1,748,272
|
0
|
1,748,272
|
Chanda
Sikaria
|
0
|
1,748,272
|
0
|
1,748,272
|
|
(c)
|
Transactions
effected during the past 60 days or since the most recent filing of Schedule 13D:
|
|
(1)
|
The
Sikaria Family 2008 Revocable Trust Dated 02/28/2008:
|
Date
of Transition
|
Amount
of Securities Involved
|
Acquired
or Disposed of
|
Price
Per Share
|
Where
and How Transaction Was Effected
|
2/15/2019
|
6,231
|
D
|
$0.31
|
Open
Market
|
2/15/2019
|
1,688
|
D
|
$0.32
|
Open
Market
|
2/15/2019
|
142,081
|
D
|
$0.33
|
Open
Market
|
2/19/2019
|
87,043
|
D
|
$0.28
|
Open
Market
|
2/19/2019
|
386,864
|
D
|
$0.29
|
Open
Market
|
2/19/2019
|
631,244
|
D
|
$0.30
|
Open
Market
|
2/19/2019
|
188,452
|
D
|
$0.31
|
Open
Market
|
2/19/2019
|
22,014
|
D
|
$0.32
|
Open
Market
|
2/19/2019
|
184,383
|
D
|
$0.33
|
Open
Market
|
Total
|
1,650,000
|
|
|
|
|
(2)
|
Identity
of Reporting Person: The Lokesh Sikaria Trust Dated 12/14/2012:
|
Date
of Transition
|
Amount
of Securities Involved
|
Acquired
or Disposed of
|
Price
Per Share
|
Where
and How Transaction Was Effected
|
2/14/2019
|
233,247
|
D
|
$0.37
|
Open
Market
|
2/14/2019
|
66,501
|
D
|
$0.38
|
Open
Market
|
2/14/2019
|
100,252
|
D
|
$0.39
|
Open
Market
|
2/15/2019
|
71,400
|
D
|
$0.32
|
Open
Market
|
2/15/2019
|
28,600
|
D
|
$0.34
|
Open
Market
|
2/20/2019
|
1,728
|
D
|
$0.33
|
Open
Market
|
Total
|
501,728
|
|
|
|
|
(d)
|
The
Reporting Person does not know of any other person with the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the securities
covered by this Statement.
|
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
THE SIKARIA FAMILY 2007 REVOCABLE TRUST DATED 02/28/2008
|
|
LOKESH SIKARIA
|
|
|
|
/s/ Lokesh Sikaria
|
|
/s/ Lokesh Sikaria
|
Name: Lokesh Sikaria
|
|
Name: Lokesh Sikaria
|
Title: Trustee
|
|
Date: February 21, 2019
|
|
|
|
Date: February 21, 2019
|
|
|
|
|
|
|
|
|
|
|
CHANDA SIKARIA
|
|
|
|
/s/ Chanda Sikaria
|
|
/s/ Chanda Sikaria
|
Name: Chanda Sikaria
|
|
Name: Chanda Sikaria
|
Title: Trustee
|
|
Date: February 21, 2019
|
Date: February 21, 2019
|
|
|
|
|
|
|
|
|
THE LOKESH SIKARIA TRUST DATED 12/14/2012
|
|
|
|
|
|
/s/ Chanda Sikaria
|
|
|
Name: Chanda Sikaria
|
|
|
Title: Trustee
|
|
|
|
|
|
Date: February 21, 2019
|
|
|
|
|
|
/s/ Hemant Sikaria
|
|
|
Name: Hemant Sikaria
|
|
|
Title: Trustee
|
|
|
|
|
|
Date: February 21, 2019
|
|
|
|
|
|
/s/ Vaibhav Nadgaud
|
|
|
Name: Vaibhav Nadgauda
|
|
|
Title: Trustee
|
|
|
|
|
|
Date: February 21, 2019
|
|
|
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