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    SEC Form SC 13D/A filed by StealthGas Inc. (Amendment)

    5/26/23 7:52:52 AM ET
    $GASS
    Marine Transportation
    Consumer Discretionary
    Get the next $GASS alert in real time by email
    SC 13D/A 1 brhc20053567_sc13da.htm SC 13D/A
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    SCHEDULE 13D
    Under the Securities Exchange Act of 1934
    (Amendment No. 1)*

    STEALTHGAS INC.
    (Name of Issuer)

    Common Stock, par value $0.01 per share
    (Title of Class of Securities)

     
    Y81669106
     
    (CUSIP Number)

    Daniel R. Tisch
    c/o TowerView LLC
    460 Park Avenue
    New York, New York 10022
    (212) 935-6655
    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

     
    May 24, 2023
     
    (Date of Event which Requires Filing of this Statement)

    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 Rule 13d-1(e), 13d-1(f) or 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 (the “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).

    Page 1 of 6 Pages



    SCHEDULE 13D

    CUSIP No. Y81669106

    Page 2 of 6 Pages

    1
    NAMES OF REPORTING PERSONS
     
     
    TowerView LLC
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☐

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    WC
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐
     
     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    2,435,686
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    -0-
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    2,435,686
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    -0-
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,435,686
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐
     
     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    6.3%*
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     

    *Based on 38,486,181 shares of the Issuer’s common stock outstanding as of April 21, 2023, as reported by the Issuer in its Form 20-F filed with the SEC on April 27,2023.


    CUSIP No. Y81669106

    Page 3 of 6 Pages

    1
    NAMES OF REPORTING PERSONS
     
     
    Daniel R. Tisch
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☐

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐
     
     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    United States
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    2,435,686
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    -0-
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    2,435,686
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    -0-
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,435,686
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐
     
     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    6.3%*
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IN
     
     
     
     

    *Based on 38,486,181 shares of the Issuer’s common stock outstanding as of April 21, 2023, as reported by the Issuer in its Form 20-F filed with the SEC on April 27,2023.


    Item 1.
    Security and Issuer.

    This Amendment No. 1 amends and supplements the Schedule 13D filed on December 7, 2022 by the Undersigned, relating to the common stock, par value $.01 per share (the “Common Stock”), of Stealthgas, Inc., a Marshall Islands Corporation (the “Company”).

    Item 3.
    Source and Amount of Funds or Other Consideration.

    The aggregate purchase price (inclusive of commissions) of the shares of Common Stock beneficially owned by TowerView as of the date hereof is $6,757,878.  All shares of Common Stock reported herein were purchased with TowerView’s working capital in open market transactions through brokers.

    Item 5.
    Interest in Securities of the Issuer.

    Items 5 (a) – (c) are hereby amended as follows:


    (a)
    and (b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference.

    Daniel R. Tisch (“DRT”) is the Managing Member of TowerView.  DRT exercises sole voting and investment power over the shares of Common Stock held by TowerView.

    (c) TowerView effected trades of Common Stock in the open market during the 60 days preceding the filing of this statement as follows:

    Trade Date
    Shares Purchased (Sold)
    Price Per Share
    ($)
    5/24/2023
    65,686
    3.15
    5/23/2023
    20,000
    3.00
    5/16/2023
    1,438
    2.86
    5/15/2023
    740
    2.75
    5/12/2023
    7,325
    2.75
    5/11/2023
    20,497
    2.75
    5/10/2023
    4,501
    2.75
    5/9/2023
    499
    2.71
    5/8/2023
    6,046
    2.75
    5/5/2023
    2,854
    2.72
    5/4/2023
    14,558
    2.71
    5/3/2023
    25,542
    2.74
    5/2/2023
    16,000
    2.71
    5/1/2023
    4,295
    2.76
    4/27/2023
    10,705
    2.70
    4/25/2023
    3,301
    2.66

    (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by the Reporting Persons.

    (e) Not applicable.


    Item 7.
    Material to Be Filed as Exhibits.

     
    Exhibit 2:
    Joint Filing Agreement, dated as of December 6, 2022 *

    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:  May 25, 2023



    TowerView LLC


     

    By
    /s/ Daniel R. Tisch


    Daniel R. Tisch


    Managing Member

    * As Previously Filed



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