SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE
13D
(Rule 13d-101)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 30)*
BARNWELL INDUSTRIES, INC.
(Name of Issuer)
Common Stock, par value $0.50 per share
(Title of Class of Securities)
068221100
(CUSIP Number)
Ned L. Sherwood
151 Terrapin Point
Vero Beach, Florida 32963
(772) 257-6658
With a copy to:
Sara L. Terheggen
The NBD Group, Inc.
350 N. Glendale Ave, Ste B522
Glendale, California 91206
(310) 890-0110
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 8, 2024
(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. 068221100 |
13D |
Page 2 of 6 Pages |
1 |
NAME OF REPORTING PERSON
Ned L. Sherwood |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐
(b) ☐ |
3 |
SEC USE ONLY |
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America |
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
2,955,121.138* |
9 |
SOLE DISPOSITIVE POWER
0 |
10 |
SHARED DISPOSITIVE POWER
2,955,121.138* |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
2,955,121.138 |
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.47% |
|
14 |
TYPE OF REPORTING PERSON
IN |
|
* |
Includes (i) 2,717,083.138 shares of Common Stock held by MRMP-Managers
LLC, of which Ned L. Sherwood is the Chief Investment Officer, and (ii) 238,038 shares of Common Stock held by the Ned L. Sherwood Revocable
Trust, of which Ned L. Sherwood is the sole trustee and beneficiary. Ned L. Sherwood disclaims beneficial ownership of such Common Stock
except to the extent of his pecuniary interest therein. |
CUSIP No. 068221100 |
13D |
Page 3 of 6 Pages |
1 |
NAME OF REPORTING PERSON
MRMP-Managers LLC |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐
(b) ☐ |
3 |
SEC USE ONLY |
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
2,717,083.138 |
9 |
SOLE DISPOSITIVE POWER
0 |
10 |
SHARED DISPOSITIVE POWER
2,717,083.138 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
2,717,083.138 |
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.09% |
|
14 |
TYPE OF REPORTING PERSON
OO |
|
CUSIP No. 068221100 |
13D |
Page 4 of 6 Pages |
1 |
NAME OF REPORTING PERSON
Ned L. Sherwood Revocable Trust |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐
(b) ☐ |
3 |
SEC USE ONLY |
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
New York |
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
238,038 |
9 |
SOLE DISPOSITIVE POWER
0 |
10 |
SHARED DISPOSITIVE POWER
238,038 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
238,038 |
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.38% |
|
14 |
TYPE OF REPORTING PERSON
OO |
|
CUSIP No. 068221100 |
13D |
Page 5 of 6 Pages |
This Amendment No. 30 to Statement
of Beneficial Ownership on Schedule 13D (this “Amendment No. 30”) amends the Statement of Beneficial Ownership on Schedule
13D filed by Ned L. Sherwood on June 11, 2013 (as amended by the Reporting Persons, the “Schedule 13D” or this “Statement”).
Except as amended and supplemented by this Amendment No. 30, the Schedule 13D remains unchanged.
Item 3. Source and Amount of Funds or Other
Consideration.
Item 3 is amended and supplemented as follows:
On May 6, 2024, May 7, 2024
and May 8, 2024, MRMP-Managers, LLC acquired an aggregate of 8,782 shares of Common Stock in a series of open market purchases for an
aggregate purchase price of approximately $24,614, excluding brokerage commissions. The source of these funds was investment capital.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended as
follows:
(a) Mr. Sherwood beneficially
owns in the aggregate 2,955,121.138 shares of Common Stock, which represents approximately 29.47% of the Company’s outstanding shares
of Common Stock.
Each percentage ownership
of Common Stock set forth in this Statement is based on the 10,028,090 shares of Common Stock reported by the Company as outstanding as
of February 7, 2024 in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February
12, 2024.
(c) Transactions effected
by MRMP-Managers, LLC in the Common Stock since the filing of Amendment No. 29 to the Schedule 13D are set forth on Schedule A to this
Statement. Each of these transactions was effected through the open market. Except as reported on Schedule A to this Amendment No. 30,
Schedule A to Amendment No. 29, Schedule A to Amendment No. 28 and Schedule A to Amendment No. 27, no Reporting Person has effected any
transactions in shares of the Issuer’s Common Stock during the last 60 days.
Item 6. Contracts, Arrangements, Understandings
or Relationships With Respect to Securities of the Issuer.
Pursuant to Rule 13d-1(k)
promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons have entered into an agreement with respect to
the joint filing of this Statement, which agreement is set forth on the signature page to this Statement.
CUSIP No. 068221100 |
13D |
Page 6 of 6 Pages |
SIGNATURE
After reasonable inquiry and
to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth
in this Statement is true, complete and correct.
In accordance with Rule 13d-1(k)(1)(iii)
under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of
this Statement on Schedule 13D with respect to the Common Stock of the Company.
Dated: May 8, 2024
/s/ Ned L. Sherwood |
|
NED L. SHERWOOD |
|
|
|
MRMP-MANAGERS LLC |
|
|
|
By: |
/s/ Ned L. Sherwood |
|
Name: |
Ned L. Sherwood |
|
Title: |
Chief Investment Officer |
|
|
|
NED L. SHERWOOD REVOCABLE TRUST |
|
|
|
By: |
/s/ Ned L. Sherwood |
|
Name: |
Ned L. Sherwood |
|
Title: |
Trustee |
|
Schedule A
Transactions in the Common Stock in the Past
60 Days:
MRMP-Managers, LLC:
Transaction Date | |
Number of
Shares
Bought/(Sold) | | |
Price
Per Share
($) | |
05/06/2024 | |
| 6,524 | | |
$ | 2.79 | |
05/07/2024 | |
| 352 | | |
$ | 2.80 | |
05/08/2024 | |
| 1,906 | | |
$ | 2.84 | |
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