13D Filing: Third Point and Green Brick Partners Inc. (GRBK)

This Amendment No. 10 to Schedule 13D (this “Amendment No. 10”) is being filed with respect to the Common Stock, par value $0.01 per share (the “Common Stock”), of Green Brick Partners, Inc. (f/k/a BioFuel Energy Corp.), a Delaware corporation (the “Issuer”), to amend the Schedule 13D filed on June 25, 2007 (as amended by Amendment No. 1 thereto filed on December 31, 2008, Amendment No. 2 thereto filed on April 3, 2009, Amendment No. 3 thereto filed on September 28, 2010, Amendment No. 4 thereto filed on December 20, 2010, Amendment No. 5 thereto filed on February 9, 2011, Amendment No. 6 thereto filed on July 18, 2014, Amendment No. 7 thereto filed on October 31, 2014, Amendment No. 8 thereto filed on July 1, 2015, Amendment No. 9 thereto filed on April 8, 2016 and this Amendment No. 10, the “Schedule 13D”).

This Amendment No. 10 is being filed on behalf of Third Point LLC, a Delaware limited liability company (the “Management Company”), Daniel S. Loeb, an individual (“Mr. Loeb”), Third Point Offshore Master Fund L.P., a Cayman Islands exempted limited partnership (“Third Point Master”), and Third Point Advisors II L.L.C., a Delaware limited liability company (“Third Point Advisors”, and together with the Management Company, Mr. Loeb and Third Point Master, the “Reporting Persons”).

The Management Company is the investment manager or adviser to a variety of hedge funds and managed accounts (such funds and accounts, collectively, including, but not limited to, Third Point Master, the “Funds”).  Third Point Advisors serves as the general partner of Third Point Master.  The Management Company and Mr. Loeb may be deemed to have beneficial ownership over shares of Common Stock directly beneficially owned by the Funds, by virtue of the authority granted to them by the Funds to vote and to dispose of the securities held by the Funds, including the Common Stock.

This Amendment No. 10 is being filed to amend Item 3, Item 4 and Item 5 of the Schedule 13D as follows:

Item 3.          Source and Amount of Funds or Other Consideration.

Item 3 of the Schedule 13D is amended to reflect the following:

The net investment costs of the shares of Common Stock subject to the Rebalancing (as defined below) was $0 other than customary commissions, the source of funds of which was the working capital of the applicable Funds.

Item 4.          Purpose of Transaction.

Item 4 of the Schedule 13D is amended to reflect the following:

The Funds entered into ordinary course rebalancing transactions which resulted in no change in the aggregate Common Stock beneficially owned by the Funds, the Management Company and Mr. Loeb (the “Rebalancing”).  In connection with the Rebalancing, the following transactions were consummated:  (a) Third Point Master purchased 603,616 shares of Common Stock, (b) other Funds purchased 1,522,139 shares of Common Stock and (c) other Funds sold 2,125,755 shares of Common Stock. All of the rebalancing transactions were effected at the same time at a price of $11.10 per share of Common Stock, net of commissions.

Item 5.          Interest in Securities of the Issuer.