UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


SCHEDULE 13D


Under the Securities Exchange Act of 1934

(Amendment No. 3)*


Rand Capital Corporation

(Name of Issuer)


Common Stock, $0.10 par value

(Title of Class of Securities))


752185108

(CUSIP Number)


JAM Capital Partners Management, LLC

Attn: John McCallum

16 Boardwalk Plaza

St. Simons Island, GA 31522


(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


June 15, 2015

(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 §§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 § 240.13d-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 (however, see the Notes).



     

CUSIP No. 752185108

 

13D

 

Page 1 of 3 Pages

 

 

 

 

 



1.  Names of Reporting Persons.

 JAM Capital Partners Management, LLC

 

2.  Check the Appropriate Box if a Member of a Group

(a) o

(b) o

 

3.  SEC Use Only

4.  Source of Funds

OO

 

5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

6.  Citizenship or Place of Organization

Delaware



   Number of Shares

   Beneficially

   Owned by

   Each Reporting

   Person With:

 

 

7.  Sole Voting Power

1,238,692

 

8.  Shared Voting Power

0

 

9.  Sole Dispositive Power

1,238,692

 

10.  Shared Dispositive Power

0

 

11.  Aggregate Amount Beneficially Owned by Each Reporting Person

1,238,692

12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

o

13.  Percent of Class Represented by Amount in Row (11)

19.5%

14.  Type of Reporting Person


IA


Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission dated March 17, 2014, as amended on August 20, 2014, and subsequently amended on January 30, 2015 (the “Schedule 13D”), with respect to the Common Stock, $0.10 par value (the “Common Stock”), of Rand Capital Corporation, a New York corporation (the “Corporation”). Capitalized terms not otherwise defined herein are used as defined in the Schedule 13D. The Reporting Person hereby amends and supplements the Schedule 13D as follows.


Item 4. Purpose of Transaction.

 

Item 4 is hereby amended to add the following:

As of June 15, 2015, E. Wycliffe (“Cliff”) Orr, Jr. ceased to be an employee of JAM Capital Partners Management, LLC.   

 

     

CUSIP No. 752185108

 

13D

 

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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 statement is true, complete and correct.


Date: July 27, 2015

JAM CAPITAL PARTNERS MANAGEMENT LLC


By: /s/ John McCallum

Name: John McCallum

Its: Managing Partner









     

CUSIP No. 752185108

 

13D

 

Page 3 of 3 Pages