(Amendment No. __)*
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed: **
*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. 871630109
1.
|
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
|
Western Standard, LLC
26-2921385
|
2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
¨
(b)
¨
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3.
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SEC Use Only
|
|
4
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Citizenship or Place of Organization
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California
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5.
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Sole Voting Power
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504,845
|
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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504,845
|
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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504,845
|
10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
¨
|
|
11.
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Percent of Class Represented by Amount in Row (9)
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5.1%
|
12.
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Type of Reporting Person (See Instructions)
|
IA
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CUSIP No. 871630109
1.
|
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
|
Eric D. Andersen
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
¨
(b)
¨
|
3.
|
SEC Use Only
|
|
4
|
Citizenship or Place of Organization
|
United States of America
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5.
|
Sole Voting Power
|
504,845
|
6.
|
Shared Voting Power
|
0
|
7.
|
Sole Dispositive Power
|
504,845
|
8.
|
Shared Dispositive Power
|
0
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
504,845
|
10.
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
¨
|
|
11.
|
Percent of Class Represented by Amount in Row (9)
|
5.1%
|
12.
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Type of Reporting Person (See Instructions)
|
IN, HC
|
Item 1.
(a) Name of Issuer
Syntroleum
Corp.
(b) Address of Issuer's Principal Executive Offices
5416 South Yale
Avenue, Suite 400, Tulsa, Oklahoma 74135
Item 2.
(a) Name of Person Filing
This Schedule 13G is being filed on behalf of Western
Standard, LLC (“Western LLC”) and Mr. Eric D. Andersen (each, a “Reporting Person”).
(b) Address of Principal Business
Office or, if none, Residence
For each Reporting Person:
5900 Wilshire Blvd, Suite 650, Los Angeles, California
90036
(c) Citizenship
(i)
Western LLC is an California limited liability
company.
(ii)
Mr. Andersen is a United States citizen.
(d) Title of Class of Securities
Common
Stock
(e) CUSIP Number
871630109
Item 3. If
this statement is filed pursuant to §240.13d-1(b) or §§240.13d-2(b) or (c), check whether the person filing is a:
(a)
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¨
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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¨
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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¨
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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¨
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
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(e)
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o
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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¨
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
|
o
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);*
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(h)
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¨
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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¨
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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¨
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Group, in accordance with §240.13d-1(b)(1)(ii)(J).
|
Item 4. Ownership
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.
For each Reporting Person:
(a)
Amount beneficially
owned: 504,845 (the “Shares”)
(b)
Percent of class: 5.1%
*
(c)
Number of shares as
to which the person has:
(i)
Sole power to vote or
to direct the vote: 504,845
(ii)
Shared power to vote
or to direct the vote: 0
(iii)
Sole power to dispose
or to direct the disposition of: 504,845
(iv)
Shared power to dispose
or to direct the disposition of: 0
* The ownership percentage
of each Reporting Person is calculated based on an assumed total of 9,959,955 shares of the issuer’s Common Stock outstanding
as of February 28, 2014, as reported in the Issuer’s most recent Annual Report on Form 10-K for the fiscal year ended December
31, 2013, as filed with the Securities and Exchange Commission on March 13, 2014.
Item 5. Ownership of Five Percent or
Less of a Class
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities,
check the following.
¨
Item 6. Ownership
of More than Five Percent on Behalf of Another Person
The Shares are owned directly by Western Standard
Partners, L.P. and Western Standard Partners QP, L.P., each a private fund sponsored and managed by Western LLC (the “Funds”).
Neither of the Funds individually owns more than 5% of the Issuer’s total outstanding common stock. Western LLC may be deemed
to be a beneficial owner of the Shares held by the Funds as, in its capacity as their general partner and investment manager, it
has the power to vote and dispose of, or direct the voting and disposition of, the Shares.
Mr. Andersen is the managing member of Western LLC
and the portfolio manager for the Funds. As the control person of Western LLC, Mr. Andersen may be deemed to beneficially own the
Shares.
Pursuant to Rule 13d-4, Western LLC and Mr. Andersen
each disclaims beneficial ownership of the securities owned directly by the Funds.
Item 7. Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not applicable.
Item 8. Identification
and Classification of Members of the Group
Not applicable.
Item 9. Notice
of Dissolution of Group
Not applicable.
Item 10. Certification
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.
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: April 2, 2014
Western
Standard, LLC
/s/Eric D. Andersen
By: Eric D. Andersen
Its: Managing Member
/s/Eric D. Andersen
Eric D. Andersen