UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
National American University Holdings, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
63245Q105
(CUSIP Number)
April 14, 2016
(Date of Event Which Requires Filing of this Statement)
N. Vincent Pulignano III
Nelson Mullins
50 North Laura Street
41st Floor
Jacksonville, Florida 32202
(904) 665-3604
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[x] 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 on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Exchange Act or
otherwise subject to the liabilities of that section of the Exchange Act but
shall be subject to all other provisions of the Exchange Act (however, see the
Notes).
SCHEDULE 13G
------------------------------------------------------------------------------
CUSIP No.: 63245Q105
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Michael Joseph Hillyard
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------
5 SOLE VOTING POWER
110,542
NUMBER OF SHARES --------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,094,376
EACH --------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 110,542
WITH --------------------------------
8 SHARED DISPOSITIVE POWER
1,094,376
------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,204,918
------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0%
------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
SCHEDULE 13G
------------------------------------------------------------------------------
CUSIP No.: 63245Q105
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Cara Marie Hillyard
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------
5 SOLE VOTING POWER
72,645
NUMBER OF SHARES --------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,094,376
EACH --------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 72,645
WITH --------------------------------
8 SHARED DISPOSITIVE POWER
1,094,376
------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,167,021
------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.8%
------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
Item 1.
(a) The name of the Issuer is National American University
Holdings, Inc.
(b) The Issuer's principal executive offices are located at
5301 South Highway 16, Rapid City, South Dakota 57701.
Item 2.
(a) This Schedule 13G is filed by Michael Joseph Hillyard on
behalf of the group.
(b) The principal business address for Michael Joseph Hillyard
is 5378 Chandler Bend Drive, Jacksonville, Florida 32224.
(c) Michael Joseph Hillyard is a citizen of the United States.
(d) This Schedule 13G relates to the common stock of the Issuer,
par value $.0001 per share.
(e) The CUSIP number of the common stock is 63245Q105.
Item 3.
Not applicable
Item 4.
(a) Amount beneficially owned:
1) Michael Joseph Hillyard: 1,204,918
2) Cara Marie Hillyard: 1,167,021
Total: 1,277,563 shares
(b) Percent of class:
1) Michael Joseph Hillyard: 5.0%
2) Cara Marie Hillyard: 4.8%
Total: 5.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1) Michael Joseph Hillyard: 110,542
2) Cara Marie Hillyard: 72,645
Total: 183,187
(ii) Shared power to vote or to direct the vote:
1) Michael Joseph Hillyard: 1,094,376
2) Cara Marie Hillyard: 1,094,376
Total: 1,094,376
(iii) Sole power to dispose or to direct the disposition of:
1) Michael Joseph Hillyard: 110,542
2) Cara Marie Hillyard: 72,645
Total: 183,187
(iv) Shared power to dispose or to direct the disposition of:
1) Michael Joseph Hillyard: 1,094,376
2) Cara Marie Hillyard: 1,094,376
Total: 1,094,376
Michael Joseph Hillyard - Voting and Dispositive Power
----------------------------------------------
Michael Joseph Hillyard has sole voting and dispositive power over
110,542 shares that he holds directly in his IRA accounts.
Mr. Hillyard has shared voting and dispositive power with respect to
the 1,094,376 shares held jointly by him and his wife, Cara Marie Hillyard.
Michael Joseph Hillyard - Beneficial Ownership
--------------------------------------
The beneficial ownership total of Michael Joseph Hillyard shown
above includes: (i) 105,005 shares that he holds in his traditional
IRA, (ii) 5,537 shares that he holds in his self-employment IRA,
and (iii) 1,094,376 shares that he holds jointly with Mrs. Hillyard.
Cara Marie Hillyard - Voting and Dispositive Power
----------------------------------------------
Cara Marie Hillyard has sole voting and dispositive power over
72,645 shares that she holds directly in her traditional IRA.
Mrs. Hillyard has shared voting and dispositive power with respect
to the 1,094,376 shares held jointly by her and her husband, Michael Joseph
Hillyard.
Cara Marie Hillyard - Beneficial Ownership
--------------------------------------
The beneficial ownership total of Cara Marie Hillyard shown above
includes: (i) 72,645 shares that she holds in her traditional IRA and
(ii) 1,094,376 shares that she holds jointly with Mr. Hillyard.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Michael Joseph Hillyard
Cara Marie Hillyard
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below we certify that, to the best of our knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect, other than activities solely in connection with a nomination under
section 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: November 3, 2016.
/s/ Michael Joseph Hillyard
---------------------------------
Michael Joseph Hillyard
/s/ Cara Marie Hillyard
---------------------------------
Cara Marie Hillyard