Luxor Capital Group Increases Stake In Altisource Residential Corp (RESI)

Page 14 of 20 SEC Filing

Item 4.                          Ownership.

(a)	Amount beneficially owned:

As of the close of business on March 17, 2016,

(i)	The Onshore Fund beneficially owned 2,035,196 shares of Common Stock;

(ii)	The Wavefront Fund beneficially owned 270,074 shares of Common Stock;

(iii)

The Offshore Master Fund beneficially owned 1,877,911 shares of Common Stock.  The Offshore Feeder Fund, as the owner of a controlling interest in the Offshore Master Fund, may be deemed to have beneficially owned the shares of Common Stock beneficially owned by the Offshore Master Fund;

(iv)	The Thebes Master Fund beneficially owned 42,305 shares of Common Stock. The Thebes Feeder Fund, as the owner of a controlling interest in the Thebes Master Fund, may be deemed to have beneficially owned the shares of Common Stock beneficially owned by the Thebes Master Fund;

(v)

LCG Holdings, as the general partner of the Onshore Fund, the Wavefront Fund, the Offshore Master Fund, and the Thebes Master Fund may be deemed to have beneficially owned the 4,225,486 shares of Common Stock beneficially owned by the Onshore Fund, the Wavefront Fund, the Offshore Master Fund, and the Thebes Master Fund;

(vi)

Luxor Capital Group, as the investment manager of the Funds and the Separately Managed Account, may be deemed to have beneficially owned 4,232,691 shares of Common Stock, including the 4,225,486 shares of Common Stock beneficially owned by the Funds and 7,205 shares of Common Stock held in the Separately Managed Account;

(vii)

Luxor Management, as the general partner of Luxor Capital Group, may be deemed to have beneficially owned the 4,232,691 shares of Common Stock beneficially owned by Luxor Capital Group; and

(viii)

Mr. Leone, as the managing member of Luxor Management, may be deemed to have beneficially owned the 4,232,691 shares of Common Stock beneficially owned by Luxor Management.

(b)	Percent of Class:

The aggregate percentage of Common Stock reported owned by each person named herein is based upon 55,581,005 shares of Common Stock outstanding as of February 22, 2016, which is the total number of shares of Common Stock outstanding as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 29, 2016. As of the close of business on March 17, 2016,

(i)	The Onshore Fund beneficially owned approximately 3.7% of the outstanding shares of Common Stock;

(ii)	The Wavefront Fund beneficially less than 1% of the outstanding shares of Common Stock;

(iii)

The Offshore Master Fund beneficially owned approximately 3.4% of the outstanding shares of Common Stock and the Offshore Feeder Fund may be deemed to have beneficially owned approximately 3.4% of the outstanding shares of Common Stock;

(iv)	The Thebes Master Fund beneficially owned less than 1% of the outstanding shares of Common Stock and the Thebes Feeder Fund may be deemed to have beneficially owned less than 1% of the outstanding shares of Common Stock; and

(v)	Each of LCG Holdings, Luxor Capital Group, Luxor Management and Mr. Leone may be deemed to have beneficially owned approximately 7.6% of the outstanding shares of Common Stock.

Follow Front Yard Residential Corp (NYSE:RESI)

Follow Front Yard Residential Corp (NYSE:RESI)

---

or

Subscribe with Google

We may use your email to send marketing emails about our services. Click here to read our privacy policy.