13D Filing: Cascade Investment, L.L.C. and Autonation Inc. (AN)

 

EXPLANATORY STATEMENT

 

This Amendment No. 16 to Schedule 13D (Amendment) amends and supplements the Schedule 13D previously filed by Cascade Investment, L.L.C. (Cascade), Bill & Melinda Gates Foundation Trust (the Trust), William H. Gates III and Melinda French Gates (together with Cascade and the Trust, the Reporting Persons) with the Securities and Exchange Commission on February 5, 2009, as amended February 6, 2009; February 24, 2010; July 23, 2010; August 17, 2010; February 9, 2011; November 4, 2011; November 14, 2011; December 2, 2011; February 17, 2012; March 26, 2012; May 22, 2012; October 30, 2015; February 9, 2016; February 16, 2016; and November 1, 2016, relating to the Common Stock,  Par Value $0.01 per share (the Common Stock) of AutoNation, Inc. (the Issuer).  Neither the present filing nor anything contained herein shall be construed as an admission that the Reporting Persons constitute a group for any purpose and each Reporting Person expressly disclaims membership in a group. This Amendment is being filed due to an increase in the percentage of the Reporting Persons ownership resulting from a decrease in the Issuers outstanding shares of Common Stock, and not as a result of any recent acquisitions by the Reporting Persons.

 

Item 5.         Interest in Securities of the Issuer

 

(a)                   See items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number and percentage of Common Stock beneficially owned by each of the Reporting Persons.

 

(b)                   See items 7 through 10 of the cover pages to this Schedule 13D for the number and percentage of Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, and sole or shared power to dispose or to direct the disposition.

 

(c)                    None.

 

(d)                   None.

 

(e)                    Not applicable.

 

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