UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

FIRSTHAND TECHNOLOGY VALUE FUND, INC.

(Name of Issuer)

COMMON STOCK, $0.001 PAR VALUE

(Title of Class of Securities)

33766Y100

(CUSIP Number)

DECEMBER 31, 2015

(Date of Event Which Requires Filing of This Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this 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. 33766Y100		Page 2 of 5

 

 

1.		Name of Reporting Persons   Rawleigh Hazen Ralls, IV
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ¨        (b)  x
3.		SEC USE ONLY
4.		Citizenship or Place of Organization   United States of America
Number of Shares  Beneficially   Owned by Each Reporting Person With:				5.		Sole Voting Power   15,321
				6.		Shared Voting Power   378,411
				7.		Sole Dispositive Power   15,321
				8.		Shared Dispositive Power   378,411
9.		Aggregate Amount Beneficially Owned by Each Reporting Person   393,732
10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
11.		Percent of Class Represented by Amount in Row (9)   5.1% (1)
12.		Type of Reporting Person (See Instructions)   IN

 

(1)	This percentage is calculated based upon 7,702,705 shares of the Issuer’s common stock outstanding as of October 31, 2015 as reported in the Issuer’s Quarterly Report on Form 10-Q (Commission File No. 814-00830) filed with the Securities and Exchange Commission on November 9, 2015.

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CUSIP No. 33766Y100		Page 3 of 5

 

Item 1(a)

Name of Issuer

Firsthand Technology Value Fund, Inc.

 

Item 1(b)

Address of Issuer’s Principal Executive Offices

150 Almaden Blvd., Suite 1250

San Jose, CA 95113

 

Item 2(a)

Name of Person Filing

Rawleigh Hazen Ralls, IV

 

Item 2(b)

Address of Principal Business Office or, if none, Residence

c/o Lacuna, LLC

1100 Spruce Street, Suite 202

Boulder, Colorado 80302

 

Item 2(c)

Citizenship

United States of America

 

Item 2(d)

Title of Class of Securities

Common Stock, $0.001 par value

 

Item 2(e)

CUSIP Number

33766Y100

 

Item 3

Not applicable.

 

Item 4

Ownership

 

		Shares Held Directly				Sole Voting Power				Shared Voting Power (1)				Sole Dispositive Power				Shared Dispositive Power (1)				Beneficial Ownership				Percentage of Class (2)
Rawleigh Hazen Ralls, IV			15,321				15,321				378,411				15,321				378,411				393,732				5.1	%

 

(1)

Includes 312,800 shares held by Lacuna Venture Fund LLLP (“Lacuna Venture”) and 65,611 shares held by Lacuna Hedge Fund LLLP (“Lacuna Hedge”). Lacuna Ventures GP LLLP (“Lacuna Ventures GP”) is the general partner of Lacuna Venture. Lacuna Hedge GP LLLP (“Lacuna Hedge GP”) is the general partner of Lacuna Hedge. Lacuna, LLC is the sole general partner of Lacuna Ventures GP and Lacuna Hedge GP. Mr. Ralls is a managing director of Lacuna, LLC and may be deemed to have shared power to vote or direct the vote of, and to dispose or direct the disposition of, the securities of the Issuer held by Lacuna Venture and Lacuna Hedge but disclaims beneficial ownership thereof except to the extent of his pecuniary interest therein.

(2)	This percentage is calculated based upon 7,702,705 shares of the Issuer’s common stock outstanding as of October 31, 2015 as reported in the Issuer’s Quarterly Report on Form 10-Q (Commission File No. 814-00830) filed with the Securities and Exchange Commission on November 9, 2015.

 

Item 5

Ownership of Five Percent or Less of a 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 five percent of the class of securities, check the following.   ¨

 

Item 6

Ownership of More than Five Percent of Another Person

The members of Lacuna, LLC have the right to participate in the receipt of dividends from, or proceeds from the sale of, the securities held by either Lacuna Venture or Lacuna Hedge in accordance with their ownership interests in Lacuna, LLC.

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CUSIP No. 33766Y100		Page 4 of 5

 

 

Item 7

Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company

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.

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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.

EXECUTED this 12^th day of February, 2016.