13D Filing: Magnetar Capital and Kate Spade & Co (KATE)

 

SCHEDULE 13D

 

This Amendment No. 1 (the Amendment) relates to the Statement of Beneficial Ownership on Schedule 13D filed jointly by Magnetar Financial LLC, a Delaware limited liability company (Magnetar Financial), Magnetar Capital Partners LP, a Delaware limited partnership (Magnetar Capital Partners), Supernova Management LLC, a Delaware limited liability company (Supernova Management), and Alec N. Litowitz (Mr. Litowitz) (collectively, the Reporting Persons) with the SEC on May 18, 2017, (as amended by this Amendment, the Schedule 13D).

 

Item 3.

Source and Amount of Funds or Other Consideration

 

Item 3 of the Schedule 13D is hereby amended to add the following information for updating:

 

The aggregate amount of funds used by the Reporting Persons in purchasing the 100,000 Shares reported herein on behalf of the Funds and Managed Accounts have come directly from the assets of the Funds and Managed Accounts controlled by such Reporting Persons and their affiliates, which may, at any given time, have included margin loans made by brokerage firms in the ordinary course of business. The aggregate amount of funds used by the Reporting Persons in purchasing the Shares reported herein on behalf of the Funds and Managed Accounts was $1,844,000 (excluding commissions and other execution-related costs).

 

Item 4.

Purpose of Transaction

 

Item 4 of the Schedule 13D is hereby amended to add the following information for updating:

 

Since the filing of the 13D with the SEC on May 18, 2017, the Reporting Persons acquired the additional 100,000 Shares on May 26, 2017 reported herein on behalf of (i) 44,235 Shares purchased by Magnetar Capital Master Fund, (ii) 19,274 Shares purchased by Spectrum Master Fund, (iii) 15,394 Shares purchased by Magnetar Fundamental Master Fund; and (iv) 21,097 Shares purchased for the benefit of the Managed Accounts.

 

Since the filing of the 13D with the SEC on May 18, 2017, the Reporting Persons sold 800,000 Shares on June 23, 2017 on reported herein on behalf of which consists of (i) 321,785 Shares sold for the benefit of Magnetar Capital Master Fund, (ii) 140,444 Shares sold for the benefit of Spectrum Master Fund, (iii) 112,064 Shares sold for the benefit of Magnetar Fundamental Master Fund, (iv) 72,310 Shares sold for the benefit of Constellation Fund; and (iv) 153,397 Shares sold for the benefit of the Managed Accounts.

 

6