GLADSTONE LAND Corp — Major Shareholding Notification 2021

Feb 2, 2021

SC 13G/A 1 d116164dsc13ga.htm SC 13G/A SC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 7)*

Gladstone Land Corporation

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

376549101

(CUSIP Number)

December 31, 2020

(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)

☒ 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).

CUSIP No. 376549101

1.	Names of reporting persons David Gladstone
2.	Check the appropriate box
if a member of a group (see instructions) (a) ☐ (b) ☒
3.	SEC use only
4.	Citizenship or place of
organization United
States

Number of shares beneficially owned by each reporting person with	Sole voting power 2,298,585
6.	Shared voting power 215,400
7.	Sole dispositive power 2,298,585
8.	Shared dispositive power 215,400

9.	Aggregate amount beneficially owned by each reporting person 2,513,985
10.	Check if the aggregate
amount in Row (9) excludes certain shares (see instructions) ☐
11.	Percent of class
represented by amount in Row (9) 9.40% *
12.	Type of reporting person
(see instructions) IN

• This percentage is calculated based upon 26,743,167 shares of the Issuer’s common stock currently issued and outstanding.

Item 1.	(a)	Name of Issuer
			Gladstone Land Corporation
	(b)	Address of Issuer’s Principal Executive Offices
			1521 Westbranch Drive, Suite 100 McLean, VA
22102
Item 2.	(a)	Name of Person Filing
			David Gladstone
	(b)	Address of Principal Business Office or, if None, Residence
			1521 Westbranch Drive, Suite 100 McLean, VA
22102
	(c)	Citizenship
			United States
	(d)	Title of Class of Securities
			Common Stock, $0.001 par value per share
	(e)	CUSIP Number
			376549101
Item 3.	If this statement is filed pursuant to §§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 (15 U.S.C. 78o).
	(b)	☐	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	☐	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	☐	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
	(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 (15 U.S.C. 80a-3);
	(j)	☐	Group, in accordance with §240.13d-1(b)(1)(ii)(J).
			Not Applicable.

Item 4.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a)	Amount beneficially owned:
	2,513,985
(b)	Percent of class:
	9.40%*
(c)	Number of shares as to which the person has:
		(i)	Sole power to vote or to direct the vote 2,298,585
		(ii)	Shared power to vote or to direct the vote 215,400
		(iii)	Sole power to dispose or to direct the disposition of 2,298,585
		(iv)	Shared power to dispose or to direct the disposition of 215,400
	*	This percentage is calculated based upon 26,743,167 shares of the Issuer’s common stock currently issued and outstanding.

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 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.

Date: February 2, 2021

/s/ David Gladstone
David Gladstone
Chairman and Chief Executive Officer
Gladstone Land Corporation