Page 3 of 4 – SEC Filing
PRELIMINARY STATEMENT
This Amendment No. 28 amends the Schedule 13D filed by Bennett S. LeBow (the “Reporting Person”) with the Securities and Exchange Commission (the “Commission”) on February 21, 1995, as previously amended (as amended, the “Schedule 13D”), relating to the common stock, $.10 par value per share (the “Common Stock”), of Vector Group Ltd. (the “Company”). Unless otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Schedule 13D.
Item 5 is amended and supplemented as follows:
Item 5. Interest in Securities of the Issuer
Item 5(a) of the Schedule 13D is hereby amended and restated as follows:
| (a) | As of the date hereof, the Reporting Person beneficially owns, in the aggregate, 7,614,581 shares of Common Stock, representing 5.9% of the 129,739,481 shares of Common Stock outstanding, as reported in the Company’s Form 10-K for the year ended December 31, 2016 filed with the Commission on March 1, 2017. |
Item 5(b) of the Schedule 13D is hereby amended and restated as follows:
| (b) | The Reporting Person (a) exercises sole voting power and sole dispositive power over 1,719,102 shares of Common Stock owned directly by the Reporting Person; and (b) indirectly exercises sole voting power and sole dispositive power over (i) 5,297,753 shares of Common Stock through LeBow Gamma Limited Partnership, a Delaware limited partnership, (ii) 422,128 shares of Common Stock through LeBow Alpha LLLP, a Delaware limited liability limited partnership, and (iii) 175,598 shares of Common Stock through LeBow Epsilon 2001 Limited Partnership, a Delaware limited partnership. There are 1,598,625 common shares held by Mr. LeBow that are pledged to collateralize a demand loan as well as 109,977 common shares held by Mr. LeBow that are pledged to collateralize two margin loans. Furthermore, there are 150,000 shares owned by LeBow Epsilon 2001 Limited Partnership that are pledged to collateralize a bank loan. LeBow 2011 Management Trust is the managing member of LeBow Holdings LLC, a Delaware limited liability company, which is the sole stockholder of LeBow Gamma, Inc., a Nevada corporation, which is the general partner of LeBow Gamma Limited Partnership. LeBow Holdings LLC is the general partner of LeBow Alpha LLLP, which is the controlling member of LeBow Epsilon 2001 LLC, which is the general partner of LeBow Epsilon 2001 Limited Partnership. The Reporting Person is trustee of LeBow 2011 Management Trust, a director and officer of LeBow Gamma, Inc. and a manager of LeBow Epsilon 2001 LLC. |
Item 5 (c) of the Schedule 13D is hereby amended and restated as follows:
| (c) | The following transactions in the Company’s Common Stock were effected during the past 60 days: from January 27, 2017 to March 28, 2017, pursuant to a Rule 10b5-1 plan entered into on December 8, 2016, LeBow Gamma Limited Partnership sold 900,000 shares of common stock in the open market as described in Exhibit 21, which is attached hereto and incorporated herein by reference. |
| Item 7. | Exhibits |
(d) Exhibits.
| Exhibit No. | | Exhibit |
| 21 | | Transactions in the Stock in the Past 60 Days – March 28, 2017 |
Follow Vector Group Ltd (NYSE:VGR)
Follow Vector Group Ltd (NYSE:VGR)
We may use your email to send marketing emails about our services. Click here to read our privacy policy.
