13D Filing: Tourbillon Capital Partners and Sunopta Inc. (STKL)

Item 5.

INTEREST IN SECURITIES OF THE ISSUER

Items 5(a),5(c) and 5(e) are hereby amended and restated to read as follows:

(a)

The aggregate percentage of Shares reported owned by each person named herein is based upon 86,707,385 Shares outstanding, which is the total number of Shares outstanding as of November 3, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2017 filed with the Securities and Exchange Commission on November 8, 2017.

As of the close of business on December 18, 2017, Long Alpha LLC owned directly 494,538 Shares, constituting approximately 0.6% of the Shares outstanding, Long Alpha Ltd owned directly 637,235 Shares, constituting approximately 0.7% of the Shares outstanding and Global Master Fund owned directly 3,031,889 Shares, constituting approximately 3.5% of the Shares outstanding. By virtue of their respective relationships with the Funds discussed in further detail in Item 2, each of Tourbillon and Mr. Karp may be deemed to beneficially own the Shares owned directly by the Funds.

Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

(c)

On December 15, 2017, Global Master Fund sold 3,700,000 shares of Common Stock at a price of $7.5 per share. Other than as set forth in the immediately preceding sentence, none of the Reporting Person entered into any transactions in the Common Stock during the past 60 days.

(e)

December 15, 2017.

Item 6.	CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

	Item 6 is hereby amended and restated to read as follows:

	Each of Long Alpha LLC, Long Alpha Ltd and Global Master Fund have entered into notional principal amount derivative agreements (the “Derivative Agreements“) in the form of cash settled swaps with respect to 1,005,517, 5,058,642 and 8,281,502 Shares, respectively (representing economic exposure comparable to approximately 1.2%, 5.8% and 9.6% of the Shares, respectively). Collectively, the Derivative Agreements held by the Reporting Persons represent economic exposure comparable to an interest in approximately 16.5% of the Shares outstanding. The Derivative Agreements provide each of Long Alpha LLC, Long Alpha Ltd

13D Filing: Tourbillon Capital Partners and Sunopta Inc. (STKL)

Published on December 19, 2017 at 2:25 pm by Insider Monkey Staff in Hedge Funds

Page 7 of 9 – SEC Filing

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