Page 4 of 5 – SEC Filing
| Item 1. | Security and Issuer |
| | | This Amendment No. 4 to Schedule 13D (“Amendment No. 4”) amends and supplements the Schedule 13D/A as last amended by Amendment No. 3 filed on January 23, 2017 by Driehaus Capital Management LLC (“DCM”) relating to the Common Stock, par value $1.00 per share (the “Common Stock”), of Stewart Information Services Corporation (the “Company”), a company existing under the laws of Delaware. The principal executive offices of the Company are located at 1980 Post Oak Blvd., Houston, Texas 77056, telephone (713) 625-8100. This is the final amendment to the Schedule 13D and constitutes an “exit filing” for the Reporting Persons. |
| Item 2. | Identity and Background |
| | (a) | The Reporting Persons are Driehaus Capital Management LLC (“DCM”) and Driehaus Active Income Fund (“LCMAX”). DCM is a Delaware limited liability company and a registered investment adviser. The executive officers of DCM are Richard H. Driehaus (Chairman), Stephen Kneeley (Interim President and Interim Chief Executive Officer), Michelle Cahoon (Managing Director, Treasurer and Chief Financial Officer), Janet McWilliams (Managing Director and General Counsel), Stephen Weber (Managing Director, Sales and Relationship Management), Thomas Seftenberg (Managing Director, Relationship Management and Marketing), Michael Shoemaker (Chief Compliance Officer), Kenneth Nelson (Managing Director and Portfolio Manager), Maximilian Heitner (Managing Director, Risk Management and Research) and Daniel Rea (Managing Director, Research). DCM does not have a board of directors. The entity controlling DCM is Driehaus Capital Holdings LLLP, a Delaware limited liability limited partnership. Although the instructions to this filing do not require disclosure of information regarding LCMAX’s officers and directors, the information is available in LCMAX’s prospectus and statement of additional information, available at www.driehaus.com. |
| | (b) | The address of the principal office of DCM, its controlling entity listed above and its officers listed above is 25 East Erie Street, Chicago, IL 60611. The principal office of LCMAX is 25 East Erie Street, Chicago, IL 60611. |
| | (c) | DCM is a registered investment adviser. LCMAX is a series of Driehaus Mutual Funds, an open-end investment company formed in Delaware, and is managed by DCM. The occupations of DCM’s executive officers are noted in “a” above. |
| | (d) | During the last five years, the Reporting Persons, controlling entity and executive officers have not been convicted in a criminal proceeding. |
| | (e) | During the last five years, the Reporting Persons, controlling entity and executive officers have not been party to a civil proceeding as described in Item 2(e) of Schedule 13D . |
| | (f) | All executive officers are US citizens. |
| Item 3. | Source and Amount of Funds or Other Consideration |
| | | LCMAX and two other registered investment companies advised by DCM no longer own any shares of STC. |
| Item 4. | Purpose of Transaction |
| | LCMAX and two other registered investment companies advised by DCM no longer own any shares of STC. |
| | (a) | Not applicable. |
| | (b) | Not applicable. |
| | (c) | Not applicable. |
| | (d) | Not applicable. |
| | (e) | Not applicable. |
| | (f) | Not applicable. |
| | (g) | Not applicable. |
| | (h) | Not applicable. |
| | (i) | Not applicable. |
| | (j) | Not applicable. |
| Item 5. | Interest in Securities of the Issuer |
| | (a) | The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover pages hereto. |
| | (b) | Not applicable. |
| | (c) | The transactions in the class of securities reported on that were effected during the past sixty days by the Reporting Persons are described below. The transactions were effected by DCM as the investment adviser on behalf of LCMAX and two other registered investment companies. All sales were effected with a broker-dealer. |
| | | Transaction Date | Shares or Units Purchased (Sold) | Price Per Share or Unit |
| | | 8/9/2017 8/9/2017 8/9/2017 8/9/2017 | (166,540) (187,195) (206,792) (1,399,352) | $35.50 $35.50 $35.50 $35.50 |
| | |
| | (d) | Not applicable. |
| | (e) | August 9, 2017 |
| Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
| | | Except as otherwise described herein, the Reporting Persons or, to the Reporting Persons’ knowledge, the controller or executive officers do not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any other person with respect to any securities of the Company. |
| Item 7. | Material to Be Filed as Exhibits |
| | | Not applicable. |
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