Page 5 of 7 – SEC Filing
This Amendment No. 15 relates to the Schedule 13D filed on October 28, 2011, as amended prior to the
date of this Amendment (as so amended, the Original 13D), by (i) Pershing Square Capital Management, L.P., a Delaware limited partnership (Pershing Square), (ii) PS Management GP, LLC, a Delaware
limited liability company (PS Management) and (iii) William A. Ackman, a citizen of the United States of America (together with Pershing Square and PS Management, the Reporting Persons), relating to common
shares, without par value (the Common Shares), of Canadian Pacific Railway Limited, a corporation organized under the Canada Business Corporations Act (the Issuer). Capitalized terms used but not defined herein
shall have the meaning set forth in the Original 13D.
Item 1. Security and Issuer.
Item 1 of the Original 13D is amended and supplemented as follows:
The Reporting Persons beneficially own an aggregate of 9,840,890 Common Shares (the Subject Shares).
Item 5. Interest in the Securities of the Issuer.
Items 5(a) and (b) of the Original 13D are amended and restated as follows:
(a), (b)
Based upon the Quarterly Report on Form 10-Q, filed by
the Issuer on April 20, 2016, there were 153,059,426 Common Shares outstanding as of April 18, 2016.
Based on the foregoing, the Subject Shares
beneficially owned by the Reporting Persons represent approximately 6.4% of the Common Shares outstanding.
Pershing Square, as the investment adviser to
the Pershing Square Funds, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. As the general partner of Pershing Square, PS Management may be deemed
to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. By virtue of William A. Ackmans position as the Chief Executive Officer of Pershing Square and
managing member of PS Management, William A. Ackman may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares and, therefore, William A. Ackman may be
deemed to be the beneficial owner of the Subject Shares.
As of the date hereof, none of the Reporting Persons own any Common Shares other than the
Subject Shares covered in this Statement.
Item 5(c) of the Original 13D is amended and supplemented as follows:
(c)
Exhibit 99.1 to Amendment No. 15, which is
incorporated by reference into this Item 5(c) as if restated in full, describes all of the transactions in Common Shares and options or other derivatives relating to Common Shares that were effected in the past 60 days.
Item 7. Material to be Filed as Exhibits.
Exhibit
Description
99.1 Trading data
5
Follow Canadian Pacific Railway Ltd (NYSE:CP)
Follow Canadian Pacific Railway Ltd (NYSE:CP)
We may use your email to send marketing emails about our services. Click here to read our privacy policy.
This Amendment No. 15 relates to the Schedule 13D filed on October 28, 2011, as amended prior to the
date of this Amendment (as so amended, the Original 13D), by (i) Pershing Square Capital Management, L.P., a Delaware limited partnership (Pershing Square), (ii) PS Management GP, LLC, a Delaware
limited liability company (PS Management) and (iii) William A. Ackman, a citizen of the United States of America (together with Pershing Square and PS Management, the Reporting Persons), relating to common
shares, without par value (the Common Shares), of Canadian Pacific Railway Limited, a corporation organized under the Canada Business Corporations Act (the Issuer). Capitalized terms used but not defined herein
shall have the meaning set forth in the Original 13D.
Item 1. Security and Issuer.
Item 1 of the Original 13D is amended and supplemented as follows:
The Reporting Persons beneficially own an aggregate of 9,840,890 Common Shares (the Subject Shares).
Item 5. Interest in the Securities of the Issuer.
Items 5(a) and (b) of the Original 13D are amended and restated as follows:
(a), (b)
Based upon the Quarterly Report on Form 10-Q, filed by
the Issuer on April 20, 2016, there were 153,059,426 Common Shares outstanding as of April 18, 2016.
Based on the foregoing, the Subject Shares
beneficially owned by the Reporting Persons represent approximately 6.4% of the Common Shares outstanding.
Pershing Square, as the investment adviser to
the Pershing Square Funds, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. As the general partner of Pershing Square, PS Management may be deemed
to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. By virtue of William A. Ackmans position as the Chief Executive Officer of Pershing Square and
managing member of PS Management, William A. Ackman may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares and, therefore, William A. Ackman may be
deemed to be the beneficial owner of the Subject Shares.
As of the date hereof, none of the Reporting Persons own any Common Shares other than the
Subject Shares covered in this Statement.
Item 5(c) of the Original 13D is amended and supplemented as follows:
(c)
Exhibit 99.1 to Amendment No. 15, which is
incorporated by reference into this Item 5(c) as if restated in full, describes all of the transactions in Common Shares and options or other derivatives relating to Common Shares that were effected in the past 60 days.
Item 7. Material to be Filed as Exhibits.
| Exhibit | Description | |
| 99.1 | Trading data | |
5
