CUSIP No. 913384103
|
SCHEDULE 13D
|
|
This Amendment No. 1 (the Amendment) relates to the Statement of Beneficial Ownership of Schedule 13D filed jointly by Wolf Creek Partners, L.P. (Wolf Creek) and Wellington Alternative Investments LLC (formerly Wellington Hedge Management, LLC) (WAIL) with the Securities and Exchange Commission on January 7, 2013 (as further amended by this Amendment, the Schedule 13D) with respect to the Common Stock of JetPay Corporation (formerly Universal Business Payment Solutions Acquisition Corporation) (the Company).
Except as set forth below, all items on the Schedule 13D remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings given to such terms in the Schedule 13D.
Item 4.
Purpose of Transaction
Item 4 is hereby amended and supplemented to add the following:
On January 12, 2017, Wolf Creek exercised the Option, pursuant to which it purchased 198,427 shares of Common Stock at a purchase price of $0.005 per share.
Item 5.
Interest in Securities of the Issuer
Item 5 (a), (b), (c) and (e) are hereby amended and restated as follows:
(a)
and (b)
(i) As of the date hereof, Wolf Creek is the beneficial owner of 719,734 shares of Common Stock. Such shares represent beneficial ownership of 4.1% of the issued and outstanding shares of Common Stock of the Company, based on 17,682,903 shares of Common Stock issued and outstanding on November 10, 2016. Wolf Creek has shared power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock beneficially owned by Wolf Creek as indicated herein.
(ii) As of the date hereof, WAIL does not beneficially own any shares of Common Stock of the Company.
(c) No transactions were effected by the reporting persons during the 60 day period immediately preceding January 12, 2017, other than as set forth in Item 4.
(e) (i) Wolf Creek ceased to be the beneficial owner of more than 5.0% of the Common Stock as of August 11, 2016, as a result of an increase in the issued and outstanding Common Stock of the Company as reported in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 15, 2016. Accordingly, following the filing of this Amendment, Wolf Creek will no longer be a reporting person with respect to this Schedule 13D.
(ii) Pursuant to a restructuring effective January 1, 2015, from and after such date, WAIL no longer had beneficial ownership of securities held by Wolf Creek and such beneficial
4