UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
American DG Energy Inc.
(Name of Issuer)
Common Stock, par value $.001 per share
(Title of Class of Securities)
025398108
(CUSIP Number)
December 31, 2013
(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 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. 025398108 | 13G | Page 2 of 6 Pages |
| 1. | NAME OF REPORTING PERSON
John N. Hatsopoulos |
| 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 of America |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
1,980,677 |
| 6. | SHARED VOTING POWER
3,397,830 | |
| 7. | SOLE DISPOSITIVE POWER
1,980,677 | |
| 8. | SHARED DISPOSITIVE POWER
3,397,830 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,378,507 |
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) x
|
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.6% |
| 12. | TYPE OF REPORTING PERSON (See Instructions)
IN |
| CUSIP No. 025398108 | 13G | Page 3 of 6 Pages |
Item 1(a). Name of Issuer:
American DG Energy Inc.
Item 1(b). Address of Issuer’s Principal Executive Offices:
45 First Avenue, Waltham, MA 02451
Item 2(a). Name of Person Filing:
John N. Hatsopoulos
Item 2(b). Address of Principal Business Office or, if None, Residence:
c/o American DG Energy Inc., 45 First Avenue, Waltham, MA 02451
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001 per share
Item 2(e). CUSIP Number:
025398108
Item 3. If the Statement is being filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the filing person is a:
| (a) | ¨ | Broker or dealer registered under section 15 of the Act; |
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act; |
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act; |
| (d) | ¨ | Investment company registered under Section 8 of the Investment Company Act of 1940; |
| (e) | ¨ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
| (g) | ¨ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
| (h) | ¨ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
| (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; |
| (j) | ¨ | A non-US institution in accordance with Rule 13d-1(b)(1)(ii)(J); |
| (k) | ¨ | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
| CUSIP No. 025398108 | 13G | Page 4 of 6 Pages |
Item 4. Ownership.
| (a) | Amount beneficially owned: 5,378,507 shares of American DG Energy Inc. common stock, par value $0.001 per share (“ADGE Common Stock”). This amount consists of: (a) 843,236 shares of ADGE Common Stock directly held by John N. Hatsopoulos; (b) 601,400 shares of ADGE Common Stock held by John N. Hatsopoulos and his wife, Patricia L. Hatsopoulos, as joint tenants with rights of survivorship, each of whom share voting and investment power; (c) 2,280,414 shares of ADGE Common Stock held by the John N. Hatsopoulos Qualified Annuity Trust of 2011 for the benefit of John N. Hatsopoulos, for which John N. Hatsopoulos is the trustee; (d) 506,016 shares of ADGE Common Stock held by The John N. Hatsopoulos 2011 Trust for the benefit of John N. Hatsopoulos, for which John N. Hatsopoulos is the trustee; (e) 1,137,441 shares of ADGE Common Stock that John N. Hatsopoulos has the right to acquire pursuant to currently convertible 6% senior unsecured convertible debentures, or 6% senior unsecured convertible debentures that become convertible within 60 days of execution of this Schedule 13G; and (f) 10,000 shares of ADGE Common Stock held by Pat Limited, a company incorporated in the Commonwealth of The Bahamas controlled by John N. Hatsopoulos. |
This amount does not include: (a) 4,713,570 shares of ADGE Common Stock held by The John N. Hatsopoulos Family Trust 2011 for the benefit of: (1) Patricia L. Hatsopoulos, (2) Alexander J. Hatsopoulos, and (3) Nia Marie Hatsopoulos, for which Mr. John N. Hatsopoulos and Mrs. Patricia L. Hatsopoulos are co-trustees; Mr. Hatsopoulos disclaims beneficial ownership of the shares held by this trust; (b) 238,095 of ADGE Common Stock held in the John N. Hatsopoulos 1989 Family Trust for the benefit of Nia Marie Hatsopoulos, for whom Mr. and Mrs. Paris Nicolaidis are the trustees. Mr. John N. Hatsopoulos disclaims beneficial ownership of the shares held by this trust; and (c) 238,095 of ADGE Common Stock held in the John N. Hatsopoulos 1989 Family Trust for the benefit of Alexander J. Hatsopoulos, for whom Mr. and Mrs. Paris Nicolaidis are the trustees. Mr. John N. Hatsopoulos disclaims beneficial ownership of the shares held by this trust.
| (b) | Percent of class: 10.6% (based on an aggregate of 50,955,361 shares of Common Stock outstanding, which includes 49,817,920 shares of Common Stock that the Issuer advised were outstanding as of February 14, 2014, and 1,137,441 shares of Common Stock that may be acquired within 60 days of February 14, 2014). |
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 1,980,677
(ii) Shared power to vote or direct the vote: 3,397,830
(iii) Sole power to dispose or to direct the disposition of: 1,980,677
(iv) Shared power to dispose or to direct the disposition of: 3,397,830
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 had ceased to be the beneficial owner of more than five percent of the class of securities, check the followingo.
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.
| CUSIP No. 025398108 | 13G | Page 5 of 6 Pages |
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
| CUSIP No. 025398108 | 13G | Page 6 of 6 Pages |
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.
| February 14, 2014 | |
| /s/ John N. Hatsopoulos* | |
| (Signature) | |
| John N. Hatsopoulos/Chief Executive Officer | |
| (Name/Title) |
Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)