Community Health Systems Inc (NYSE:CYH): Boaz Weinstein’s Saba Capital filed an amended 13D.
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Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Saba Capital Management | 0 | 7,806,629 | 0 | 7,806,629 | 7,806,629 | 6.80% |
| Boaz R. Weinstein | 0 | 7,806,629 | 0 | 7,806,629 | 7,806,629 | 6.80% |
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Page 1 of 6 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._)*
Community Health Systems Inc
(Name of Issuer)
Common Stock, 0.01 par value
(Title of Class of
Securities)
203668108
(CUSIP Number)
October 31, 2017
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting persons initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be filed for the purpose of Section 18 of the
Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
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Page 2 of 6 – SEC Filing
SCHEDULE 13G
| CUSIP No. 203668108 |
| 1 | Names of Reporting Persons Saba Capital Management, L.P. | ||
| 2 | Check the appropriate box if a member of a Group (see instructions) (a) [ ] | ||
| 3 | Sec Use Only | ||
| 4 | Citizenship or Place of Organization Delaware | ||
| Number of Shares Beneficially Owned by Each Reporting | 5 | Sole Voting Power -0- | |
| 6 | Shared Voting Power 7,806,629 | ||
| 7 | Sole Dispositive Power -0- | ||
| 8 | Shared Dispositive Power 7,806,629 | ||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person 7,806,629 | ||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) [ ] | ||
| 11 | Percent of class represented by amount in row (9) 6.80% | ||
| 12 | Type of Reporting Person (See Instructions) PN; IA | ||
The percentages used herein are calculated based upon
114,727,001 shares of common stock outstanding as of 10/26/2017, as disclosed in
the company’s Certified Shareholder Report Form 10-Q filed 11/02/2017
Page 2 of 7
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Page 3 of 6 – SEC Filing
SCHEDULE 13G
| CUSIP No. 203668108 |
| 1 | Names of Reporting Persons Boaz R. Weinstein | ||
| 2 | Check the appropriate box if a member of a Group (see instructions) (a) [ ] | ||
| 3 | Sec Use Only | ||
| 4 | Citizenship or Place of Organization United States | ||
| Number of Shares Beneficially Owned by Each Reporting | 5 | Sole Voting Power -0- | |
| 6 | Shared Voting Power 7,806,629 | ||
| 7 | Sole Dispositive Power -0- | ||
| 8 | Shared Dispositive Power 7,806,629 | ||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person 7,806,629 | ||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) [ ] | ||
| 11 | Percent of class represented by amount in row (9) 6.80% | ||
| 12 | Type of Reporting Person (See Instructions) IN | ||
The percentages used herein are calculated based upon
114,727,001 shares of common stock outstanding as of 10/26/2017, as disclosed in
the company’s Certified Shareholder Report Form 10-Q filed 11/02/2017
Page 3 of 7
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Page 4 of 6 – SEC Filing
Item 1.
| (a) | Name of Issuer: Community Health Systems |
| (b) | Address of Issuers Principal Executive Offices: |
Item 2.
| (a) | Name of Person Filing: This statement is being |
| The Reporting Persons have entered into a Joint Filing | |
| Any disclosures herein with respect to persons other than | |
| The filing of this statement should not be construed as | |
| (b) | Address of Principal Business Office or, if None, |
| (c) | Citizenship: Saba Capital is organized as a |
| (d) | Title and Class of Securities: Common stock, 0.01 |
| (e) | CUSIP No.: 203668108 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | [_] | Broker or dealer registered under Section 15 of the | |
| (b) | [_] | Bank as defined in Section 3(a)(6) of the Act; | |
| (c) | [_] | Insurance company as defined in Section 3(a)(19) of the | |
| (d) | [_] | Investment company registered under Section 8 of the | |
| (e) | [_] | An investment adviser in accordance with Rule | |
| (f) | [_] | An employee benefit plan or endowment fund in accordance | |
| (g) | [_] | A parent holding company or control person in accordance |
Page 4 of 7
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Page 5 of 6 – SEC Filing
| (h) | [_] | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | [_] | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; | |
| (j) | [_] | A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); | |
| (k) | [_] | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: |
| Item 4. | Ownership |
| (a) | Amount Beneficially Owned: The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. |
| Item 5. | Ownership of Five Percent or Less of a Class. N/A |
| Item 6. | Ownership of more than Five Percent on Behalf of Another Person. N/A |
| Item 7. | Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. N/A |
| Item 8. | Identification and classification of members of the group. N/A |
| Item 9. | Notice of Dissolution of Group. N/A |
| Item 10. | Certifications. |
| By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
Page 5 of 7
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Page 6 of 6 – SEC Filing
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: 11/8/2017
/s/ Signature Michael DAngelo
Name: Michael DAngelo
Title: Chief Compliance Officer
Boaz R. Weinstein
By: Michael DAngelo
Title: Attorney-in-fact***
*** Pursuant to a Power of Attorney dated as of November 16,
2015
Page 6 of 7
EXHIBIT 1
JOINT FILING AGREEMENT
PURSUANT TO
RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing
statement on Schedule 13G is filed on behalf of each of the undersigned and that
all subsequent amendments to this statement on Schedule 13G shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint filing agreements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained herein and
therein, but shall not be responsible for the completeness and accuracy of the
information concerning the others, except to the extent that he or it knows or
has reason to believe that such information is inaccurate.
DATED: November 8, 2017
SABA CAPITAL MANAGEMENT, L.P.
By: /s/ Michael DAngelo
Name: Michael DAngelo
Title: Authorized Signatory
BOAZ R. WEINSTEIN
By: /s/ Michael DAngelo
Title: Attorney-in-fact
Page 7 of 7
