Item 1(a).

Name of Issuer:

Item 1(b).

Address of Issuer’s Principal Executive Offices:

Item 2(a).

Name of Person Filing:

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The address of the principal business office of the Reporting Persons is:

 

1229 Burlingame Avenue, Suite 201

Burlingame, CA  94010.

Item 2(c).

Citizenship:

Keenan Capital is a California limited liability company.  KCGP is a Delaware limited liability company.  Mr. Keenan is a citizen of the United States of America.

Item 2(d).

Title of Class of Securities:

Class A Common Stock, par value $0.0001.

Item 2(e).

CUSIP Number:

0378C100

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4.

Ownership.

A.

Keenan Capital, LLC

(a)

Amount beneficially owned:  414,000 shares

(b)

Percent of Class:  3.4%

(c)

Number of shares as to which Keenan Capital has:

(i)

Sole power to vote or to direct the vote:  0

(ii)

Shared power to vote or to direct the vote:  414,000

(iii)

Sole power to dispose or to direct the disposition of:  0

(iv)

Shared power to dispose or to direct the disposition of:  414,000

B.

Keenan Capital GP, LLC

(a)

Amount beneficially owned:  414,000 shares

(b)

Percent of Class:  3.4%

(c)

Number of shares as to which KCGP has:

(i)

Sole power to vote or to direct the vote:  0

(ii)

Shared power to vote or to direct the vote:  414,000

(iii)

Sole power to dispose or to direct the disposition of:  0

(iv)

Shared power to dispose or to direct the disposition of:  414,000

C.

Charles J. Keenan, IV

(a)

Amount beneficially owned:  647,000 shares

(b)

Percent of Class:  5.3%

(c)

Number of shares as to which Mr. Keenan has:

(i)

Sole power to vote or to direct the vote:  61,964

(ii)

Shared power to vote or to direct the vote:  585,036

(iii)

Sole power to dispose or to direct the disposition of:  61,964

(iv)

Shared power to dispose or to direct the disposition of:  585,036

The percentage ownership for each of the Reporting Persons is based on 12,287,338 issued and outstanding shares of the Issuer’s Class A common stock, par value $0.0001 per share, as of April 21, 2017, as reported in the Issuer’s quarterly report on Form 10‑Q for the quarterly period ended March 31, 2017 (“Form 10-Q”), filed with the SEC on May 5, 2017.

Keenan Capital Fund, LP (“KCF”) directly owns 414,000 Class A Shares.  KCF is controlled by KCGP, which delegates investment decisions to Keenan Capital.  KCGP may terminate such delegation at any time and retain the voting and dispositive power over the Class A Shares held by KCF.  Accordingly, KCGP may be deemed to be a beneficial owner of such shares.  KCGP disclaims beneficial ownership of the Class A Shares by virtue of the delegation of power to Keenan Capital.

As the Manager of KCF, and pursuant to the delegation by KCGP referenced above, Keenan Capital has the ultimate voting and dispositive power over the Class A Shares held by KCF, making Keenan Capital a beneficial owner of such shares.  As sole owner and Manager of Keenan Capital, as well as the sole owner of KCGP, Mr. Keenan may be deemed to be a beneficial owner of the Class A Shares held by KCF.

Mr. Keenan is also the beneficial owner of 61,964 Class A Shares over which he has sole voting and dispositive power.  In addition, Mr. Keenan may also be deemed to beneficially own an additional 171,036 Class A Shares held through family trusts.  Mr. Keenan shares voting and dispositive power over the Class A Shares held through such accounts.

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6.

Ownership of More than Five 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.

Certifications.

 

Individual