UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________
SCHEDULE 13G
(Amendment No. 4)*
Under the Securities Exchange Act of 1934
Capitala Finance Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
14054R 106
(CUSIP Number)
December 31, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which the Schedule is filed:
| ¨ | Rule 13d-1(b) |
| ¨ | Rule 13d-1(c) |
| x | Rule 13d-1(d) |
* 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).
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CUSIP No. 14054R 106
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SCHEDULE 13G |
Page 1 of 4 Pages |
| 1. |
NAMES OF REPORTING PERSONS
Joseph B. Alala, III
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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| 2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
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| 3. |
SEC USE ONLY
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| 4. |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America | ||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5.
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SOLE VOTING POWER
0 | |
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6.
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SHARED VOTING POWER
751,351.25 | ||
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7.
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SOLE DISPOSITIVE POWER
0 | ||
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8.
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SHARED DISPOSITIVE POWER
751,351.25 | ||
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
751,351.25 | ||
| 10. |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES ¨
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| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.74%
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| 12. |
TYPE OF REPORTING PERSON*
IN | ||
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CUSIP No. 14054R 106
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Page 2 of 4 Pages |
| Item 1(a). | Name of Issuer: |
Capitala Finance Corp.
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
4201
Congress Street, Suite 360
Charlotte, North Carolina 28209
| Item 2(b). | Name of Person Filing: |
Joseph B. Alala, III
| Item 2(b). | Address of Principal Business Office: |
4201
Congress Street, Suite 360
Charlotte, North Carolina 28209
| Item 2(c). | Citizenship: |
United States of America
| Item 2(d). | Title of Class of Securities |
Common Stock, par value $0.01 per share
| Item 2(e). | CUSIP Number: |
14054R 106
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CUSIP No. 14054R 106
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Page 3 of 4 Pages |
| Item 3. | If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ___ Broker or dealer registered under Section 15 of the Act. |
| (b) | ___ Bank as defined in Section 3(a)(6) of the Act. |
| (c) | ___ Insurance company as defined in Section 3(a)(19) of the Act. |
| (d) | ___ Investment company registered under Section 8 of the Investment Company Act of 1940. |
| (e) | ___ An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). |
| (f) | ___ An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). |
| (g) | ___ A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). |
| (h) | ___ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). |
| (i) | ___ 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. |
| (j) | ___ Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). |
| Item 4. | Ownership |
As of the date of this filing, Joseph B. Alala, III (the “Reporting Person”) may be deemed the beneficial owner of an aggregate of 751,351.25 shares of the common stock, par value $0.01 per share (the “Common Stock”), of the Issuer, which constitutes approximately 4.74% of the Issuer’s outstanding shares of Common Stock, based upon 15,850,778 shares of Common Stock outstanding as reported in the issuer’s quarterly report on Form 10-Q for the quarter ended September 30, 2016. The Reporting Person does not own any shares of Common Stock directly. The Reporting Person, by virtue of his position as manager thereof, may be deemed to beneficially own, and has shared power to vote and dispose of, an aggregate of 751,351.25 shares of Common Stock which consists of: (i) 100 shares of Common Stock held by Capitala Investment Advisors, LLC; (ii) 972 shares held by CapitalSouth Corporation; (iii) 2,705 shares held by Capitala Transaction Corp.; (iv) 442,294.08 shares held by Capitala Restricted Shares I, LLC (“CRS”); and (v) 305,280.17 shares held by Capitala Private Investments LLC. Mr. Alala disclaims beneficial ownership of any of the Issuer's shares directly held by Capitala Investment Advisors, LLC, CapitalSouth Corporation, Capitala Transaction Corp., Capitala Private Investments LLC, and CRS, except to the extent of his pecuniary interest therein, and this Schedule 13G shall not be deemed an admission that Mr. Alala is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.
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CUSIP No. 14054R 106
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Page 4 of 4 Pages |
CRS, which is an affiliate of Capitala Investment Advisors, LLC, previously granted Awards with respect to the 442,294.08 shares of the Issuer’s stock held by CRS to certain of Capitala Investment Advisors, LLC’s employees pursuant to CRS’s Amended and Restated 2015 Equity Compensation Plan, dated September 18, 2015 (the “Plan”). Unvested Awards under the Plan are scheduled to vest as follows: approximately 43% on September 25, 2017 and approximately 57% on September 25, 2018. Upon settlement, the unvested Awards will become payable on a one-for-one basis in shares of the Issuer’s common stock. The Plan was previously approved by the Issuer’s Board of Directors. Pursuant to the SEC staff no-action letters to Babson Capital Management LLC (pub. avail. Dec. 14, 2006) and Carlyle GMS Finance, Inc. (pub. avail. Oct. 8, 2015), an employee benefit plan sponsored by an investment adviser (or an affiliated person of an investment adviser) to a registered closed-end investment company or business development company regulated under the Investment Company Act of 1940, as amended, that offers plan participants equity securities of such investment company or business development company is considered an “employee benefit plan sponsored by the issuer” for the purposes of Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
As of the date of this filing, Capitala Private Investments LLC holds unvested Awards with respect to 140,357.68 shares of the Issuer's common stock held by CRS.
| Item 5. | Ownership of Five Percent or Less of 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 5 percent of the class of securities, check the following x.
| Item 6. | Ownership of More Than 5 Percent on Behalf of Another Person |
Not applicable.
| 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 |
Not Applicable.
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 8, 2017
By: _/s/ Joseph B. Alala, III_______
Name: Joseph B. Alala, III