Page 6 of 9 – SEC Filing
Item 1(a). Name of Issuer:
Aegean Marine Petroleum Network Inc.
Item 1(b). Address of Issuer’s
Principal Executive Offices:
10, Akti Kondili
185 45, Piraeus
Greece
Item 2(a). Names of Persons
Filing:
Steelhead Partners, LLC (“Steelhead”)
James Michael Johnston
Brian Katz Klein
Steelhead Pathfinder Master, L.P. (“Steelhead
Pathfinder”)
Item 2(b). Address of Principal
Business Office or, if None, Residence:
The principal business office of each
reporting person other than Steelhead Pathfinder is:
333 108th Avenue NE, Suite 2010
Bellevue, WA 98004
The principal business office of Steelhead
Pathfinder is:
c/o Maples Corporate Services Limited
P.O. Box 309, Ugland House
Grand Cayman, KY1-1104, Cayman Islands
Item 2(c). Citizenship:
Reference is made to Item 4 of pages
2, 3, 4 and 5 of this Schedule 13G (this “Schedule”), which Items are incorporated by reference herein.
Item 2(d). Title of Class
of Securities:
Common Stock, $0.01 par value per share.
Item 2(e). CUSIP Number:
Y0017S102
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 Act (15 U.S.C. 78o).
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
X (e)
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
X (g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(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 (15
U.S.C. 80a-3);
(j) A non-U.S. institution
in accordance with § 240.13d-1(b)(1)(ii)(J);
(k)
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
If filing as a
non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ________________
Item 4. Ownership.
Reference is hereby made to Items 5-9
and 11 of pages 2, 3, 4 and 5 of this Schedule, which Items are incorporated by reference herein.
As of March 28, 2017,
Steelhead Pathfinder beneficially owns certain convertible notes issued by the issuer which are convertible into
an aggregate of 2,149,708 shares of the issuer’s common stock (based on the conversion rates set forth in such notes as of
March 28, 2017).
The securities reported on this
Schedule as beneficially owned by Steelhead (the “Securities”) are held by and for the benefit of the Steelhead
Pathfinder. Steelhead, as the investment manager of Steelhead Pathfinder, and the sole member of Steelhead Pathfinder’s
general partner, and each of J. Michael Johnston and Brian K. Klein, as the member-managers of Steelhead, may be deemed to
beneficially own the Securities held by Steelhead Pathfinder for the purposes of Rule 13d-3 under the Securities Exchange Act
of 1934 (the “Act”), insofar as they may be deemed to have the power to direct the voting or disposition of those
Securities.
Neither
the filing of this Schedule
nor any of its contents shall be deemed to constitute an admission that
any of Steelhead, Mr. Johnston or Mr. Klein is, for any
other purpose, the beneficial owner of any of the Securities, and each
of Steelhead, Mr. Johnston and Mr. Klein disclaims beneficial
ownership as to the Securities, except to the extent of his or its
pecuniary interests therein.
Under
the definition of “beneficial
ownership” in Rule 13d-3 under the Act, it is also possible that the
individual general partners, executive officers, and
members of the foregoing entities might be deemed the “beneficial
owners” of some or all of the Securities insofar
as they may be deemed to share the power to direct the voting or
disposition of such Securities. Neither the filing of this Schedule
nor any of its contents shall be deemed to constitute an admission that
any of such individuals is, for any purpose, the beneficial
owner of any of the Securities, and such beneficial ownership is
expressly disclaimed.
The calculation of percentage
of beneficial ownership in Item 11 of pages 2, 3, 4 and 5 of this Schedule was derived from the issuer’s Report of
Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on November 17, 2016, in which the issuer
stated that the number of shares of its common stock outstanding as of September 30, 2016 was 39,403,822 shares. Pursuant to
Rule 13d-3(d)(1)(i), the Securities have been added to the Issuer’s total number of shares outstanding, for a total
of 41,553,530 shares outstanding for purposes of calculating each of the Reporting Persons’ beneficial
ownership percentage.
Item 5. Ownership of Five
Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More
Than Five Percent on Behalf of Another Person.
Steelhead is the
investment manager of Steelhead Pathfinder that beneficially owns the Securities and, in that
capacity, has been granted the authority to dispose of and vote the Securities held by Steelhead Pathfinder. Steelhead Pathfinder
has the right to receive (or the power to direct the receipt of) dividends received in
connection with ownership of the Securities and the proceeds from the sale of the Securities.
Item
7. Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company or Control Person.
Not applicable.
Item 8. Identification and
Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution
of Group.
Not applicable.
