Boyle Capital Opportunity Fund Form 3 LEAF / Brian Fitzgerald Boyle ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Boyle Capital Opportunity Fund, LP

(Last) (First) (Middle)

1230 OFFICE PLAZA DRIVE

(Street)

WEST DES MOINES IA 50266

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/15/2020

3. Issuer Name and Ticker or Trading Symbol
LEAF GROUP LTD. [ LEAF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
May be member of 10% group

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	24,200	I	By Boyle Capital Opportunity Fund, LP(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Call option (right to buy)	06/22/2020	08/21/2020	Common Stock	4,000	2	I	By Boyle Capital Opportunity Fund, LP(1)
Call option (right to buy)	06/22/2020	07/17/2020	Common Stock	1,000	3	I	By Boyle Capital Opportunity Fund, LP(1)
Call option (right to buy)	06/22/2020	08/21/2020	Common Stock	2,000	3	I	By Boyle Capital Opportunity Fund, LP(1)

1. Name and Address of Reporting Person^*

Boyle Capital Opportunity Fund, LP

(Last) (First) (Middle)

1230 OFFICE PLAZA DRIVE

(Street)

WEST DES MOINES IA 50266

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Golden Valley Capital Partners, LLC

(Last) (First) (Middle)

1230 OFFICE PLAZA DRIVE

(Street)

WEST DES MOINES IA 50266

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Boyle Capital Management, L.L.C.

(Last) (First) (Middle)

1230 OFFICE PLAZA DRIVE

(Street)

WEST DES MOINES IA 50266

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ritland Erik Andrew

(Last) (First) (Middle)

1230 OFFICE PLAZA DRIVE

(Street)

WEST DES MOINES IA 50266

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Boyle Brian Fitzgerald

(Last) (First) (Middle)

1230 OFFICE PLAZA DRIVE

(Street)

WEST DES MOINES IA 50266

(City) (State) (Zip)

Explanation of Responses:

1. Golden Valley Capital Partners, LLC serves as the general partner of Boyle Capital Opportunity Fund, LP. Boyle Capital Management, LLC is the contracted investment manager of Boyle Capital Opportunity Fund, LP. Erik Ritland is a managing member of Golden Valley Capital Partners, LLC. Brian Boyle is a member of Golden Valley Capital Partners, LLC and managing member of Boyle Capital Management, LLC. Each Reporting Person expressly disclaims beneficial ownership with respect to any shares beyond his or its pecuniary interest therein.

	/s/ Erik Ritland, individually and as a Managing Partner of Boyle Capital Opportunity Fund, LP and a Managing Partner of Golden Valley Capital Partners, LLC	06/24/2020
	/s/ Brian Boyle, individually and as President of Boyle Capital Management, LLC	06/24/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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