Pendrell Corp (PCO): Highland Capital Halves Its Stake Following Stock’s Big Run

Page 3 of 9 – SEC Filing

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CUSIP No. 70686R104		13G		Page 3 of 9

1		NAME OF REPORTING PERSONS Strand Advisors, Inc.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  ¨        (b)  ¨
3		SEC USE ONLY
4		CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				5		SOLE VOTING POWER 0
				6		SHARED VOTING POWER 13,906,755**
				7		SOLE DISPOSITIVE POWER 0
				8		SHARED DISPOSITIVE POWER 13,906,755**
9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,906,755**
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.5%**
12		TYPE OF REPORTING PERSON* HC, CO

*	SEE INSTRUCTIONS BEFORE FILLING OUT

**	SEE ITEM 4.