Amended Statement of Beneficial Ownership (sc 13d/a)
04 Noviembre 2019 - 3:35PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13D
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Under the Securities Exchange Act of 1934
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(Amendment No. 1)*
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CSS
Industries, Inc.
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(Name of Issuer)
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Common
Stock, $0.10 par value
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(Title of Class of Securities)
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125906107
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(CUSIP Number)
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Richard A. Bernstein
Andrew D. Siegel
Ribs Capital, LLC
18 Rockledge Road
Rye, New York 10580
914-305-3190
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(Name, Address and Telephone Number of Person
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Authorized to Receive Notices and Communications)
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November
1, 2019
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(Date of Event which Requires
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Filing of this Statement)
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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.
CUSIP No. 125906107
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Page
2 of 8 Pages
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1
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NAME
OF REPORTING PERSONS
Ribs 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) x
(b) ¨
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS
WC
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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¨
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7
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SOLE
VOTING POWER
- 0 -
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8
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SHARED
VOTING POWER
798,273
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9
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SOLE
DISPOSITIVE POWER
- 0 -
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10
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SHARED
DISPOSITIVE POWER
798,273
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
798,273
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12
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.02%
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14
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TYPE
OF REPORTING PERSON
OO
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CUSIP No. 125906107
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Page
3 of 8 Pages
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1
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NAME
OF REPORTING PERSONS
Purple Stream 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) x
(b) ¨
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS
AF
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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¨
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7
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SOLE
VOTING POWER
- 0 -
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8
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SHARED
VOTING POWER
798,273
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9
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SOLE
DISPOSITIVE POWER
- 0 -
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10
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SHARED
DISPOSITIVE POWER
798,273
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
798,273
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12
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.02%
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14
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TYPE
OF REPORTING PERSON
OO
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CUSIP No. 125906107
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Page 4 of 8 Pages
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1
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NAME
OF REPORTING PERSONS
Richard A. Bernstein
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) x
(b) ¨
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS
AF
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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¨
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United States
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7
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SOLE
VOTING POWER
- 0 -
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8
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SHARED
VOTING POWER
798,273
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9
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SOLE
DISPOSITIVE POWER
- 0 -
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10
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SHARED
DISPOSITIVE POWER
798,273
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
798,273
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12
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.02%
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14
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TYPE
OF REPORTING PERSON
IN
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CUSIP No. 125906107
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Page 5 of 8 Pages
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1
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NAME
OF REPORTING PERSONS
Andrew Siegel
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) x
(b) ¨
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS
AF
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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¨
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United States
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7
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SOLE
VOTING POWER
900
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8
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SHARED
VOTING POWER
798,273
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9
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SOLE
DISPOSITIVE POWER
900
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10
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SHARED
DISPOSITIVE POWER
798,273
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
799,173
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12
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.03%
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14
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TYPE
OF REPORTING PERSON
IN
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CUSIP No. 125906107
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Page 6 of 8
Pages
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Item 1.
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Security and Issuer.
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This Amendment No.
1 (this “Amendment”) amends certain Items of the statement on Schedule 13D filed with the Securities and Exchange Commission
(the “SEC”) on October 21, 2019 (the “Original 13D”) by Ribs Capital LLC, a Delaware corporation
(“Ribs Capital”) and others relates to the common stock, $0.10 par value per share (the “Shares”),
of CSS Industries, Inc., a Delaware corporation (the “Company”) by furnishing the information set forth below.
Except as set forth below, all previous Items are unchanged. Capitalized terms used but not defined herein shall have the meanings
ascribed in the Original 13D and any amendments thereto.
Item 3.
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Source and Amount of Funds or Other Consideration.
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The Shares held by
Ribs Capital were acquired with funds raised by Ribs Capital in a private placement that occurred in April 2019, which funds were
raised solely for the purpose of acquiring Shares. The additional 134,474 Shares reported by this Amendment, now included in the
aggregate 798,273 Shares held by Ribs Capital, were acquired in open market transactions at an aggregate purchase price of approximately
$611,272 excluding commissions. The Shares are held by Ribs Capital in various brokerage accounts.
Item 5.
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Interest in Securities of the Issuer.
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The aggregate percentage
of Shares reported owned by the Reporting Persons is based upon
8,852,852 Shares outstanding, as of July
26, 2019, as reported in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on
August 2, 2019. As of the close of business on November 4, 2019, the Reporting Persons beneficially owned 799,173 Shares, which
represented 9.03% of the beneficial ownership of the Company.
The Reporting Persons
interests are as follows:
Ribs Capital
(a)
As of the Closing of business on November 4, 2019, Ribs Capital beneficially owned 798,273 Shares, which represents 9.02%
of the beneficial ownership of the Company.
(b)
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1.
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Sole power to vote or direct vote: 0
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2.
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Shared power to vote or direct vote: 798,273
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3.
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Sole power to dispose or direct the disposition: 0
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4.
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Shared power to dispose or direct the disposition: 798,273
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(c)
The transactions in the Shares by Ribs Capital during the past sixty days reported by this Amendment are set forth in Schedule
A and are incorporated by reference herein.
CUSIP No. 125906107
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Page 7 of 8 Pages
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Purple Stream
(a)
As of the Closing of business on November 4, 2019, Purple Stream beneficially owned 798,273 Shares, which represents 9.02%
of the beneficial ownership of the Company.
(b)
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1.
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Sole power to vote or direct vote: 0
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2.
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Shared power to vote or direct vote: 798,273
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3.
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Sole power to dispose or direct the disposition: 0
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4.
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Shared power to dispose or direct the disposition: 798,273
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(c)
Purple Stream did not make any transactions in the Shares during the past sixty days.
Richard A. Bernstein
(a)
As of the Closing of business on November 4, 2019, Mr. Bernstein beneficially owned 798,273 Shares, which represents 9.02%
of the beneficial ownership of the Company.
(b)
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1.
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Sole power to vote or direct vote: 0
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2.
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Shared power to vote or direct vote: 798,273
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3.
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Sole power to dispose or direct the disposition: 0
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4.
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Shared power to dispose or direct the disposition: 798,273
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(c)
Mr. Bernstein did not make any transactions in the Shares during the past sixty days.
Andrew Siegel
(a)
As of the Closing of business on November 4, 2019, Mr. Siegel beneficially owned 799,173 Shares, which represents 9.03%
of the beneficial ownership of the Company.
(b)
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1.
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Sole power to vote or direct vote: 900
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2.
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Shared power to vote or direct vote: 798,273
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3.
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Sole power to dispose or direct the disposition: 900
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4.
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Shared power to dispose or direct the disposition: 798,273
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(c)
Mr. Siegel did not make any transactions in the Shares during the past sixty days.
CUSIP No. 125906107
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Page
8 of 8 Pages
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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On November 4, 2019,
the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing of this Amendment
on behalf of each of them.
Item 7.
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Material to be Filed as Exhibits.
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99.1
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Joint Filing Agreement, dated November 4, 2019, between Ribs Capital, LLC, Purple Stream LLC, Richard
A. Bernstein, and Andrew Siegel.
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SIGNATURE
After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct.
Dated: November 4, 2019
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RIBS CAPITAL, LLC
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By: Purple Stream LLC, as Managing Member
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By:
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/s/ Richard A. Bernstein
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Name:
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Richard A. Bernstein
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Title:
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Manager
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PURPLE STREAM LLC
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By:
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/s/ Richard A. Bernstein
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Name:
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Richard A. Bernstein
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Title:
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Manager
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RICHARD A. BERNSTEIN
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/s/ Richard A. Bernstein
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ANDREW SIEGEL
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/s/ Andrew Siegel
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SCHEDULE A
Transactions in the Shares During the
Past Sixty Days
Nature of the
Transaction
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Amount of
Securities
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Price Per
Share
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Date of
Transaction
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Purchase
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134 shares
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$4.7900
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October 22, 2019
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Purchase
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1,436 shares
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$4.42964
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October 23, 2019
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Purchase
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658 shares
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$4.7200
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October 23, 2019
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Purchase
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2,067 shares
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$4.5000
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October 24, 2019
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Purchase
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5,000 shares
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$4.4406
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October 25, 2019
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Purchase
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9,405 shares
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$4.34588
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October 25, 2019
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Purchase
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10,000 shares
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$4.44705
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October 25, 2019
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Purchase
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26,565 shares
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$4.47606
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October 29, 2019
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Purchase
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6,379 shares
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$4.46218
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October 30, 2019
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Purchase
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6,733 shares
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$4.45618
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October 31, 2019
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Purchase
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13,536 shares
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$4.48286
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October 31, 2019
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Purchase
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4,473 shares
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$4.64842
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November 1, 2019
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Purchase
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7,505 shares
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$4.7500
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November 1, 2019
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Purchase
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4,010 shares
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$4.64776
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November 1, 2019
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Purchase
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30,000 shares
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$4.66770
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November 1, 2019
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Purchase
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6,573 shares
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$4.67378
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November 1, 2019
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