Yy Inc. (YY): Billionaire Daniel S. Och’s OZ Management Acquires Nearly 38 Million Shares

Page 7 of 10 – SEC Filing

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Schedule 13 G		PAGE 7 of 10
CUSIP No. 98426T106

 

ITEM 4.		OWNERSHIP.
		OZ and OZ Management II LP (OZII) each serves as the principal investment manager to the Accounts. OZII is a wholly-owned subsidiary of OZ and, as such, OZ may be deemed to be the beneficial owner of American Depositary Shares (ADS), each ADS represents twenty Class A common shares (Class A common shares, US$0.00001 par value per share) (the Shares) held in the Accounts managed by OZII. OZ is the sole member of Och-Ziff Holding II LLC (OZHII), the general partner of OZII. As a result, OZ has voting and dispositive authority over the Shares reported in this Schedule 13G. OZHC serves as the sole general partner of OZ. As such, OZHC may be deemed to control OZ and, therefore, may be deemed to be the beneficial owner of the Shares reported in this Schedule 13G. OZM is the sole shareholder of OZHC, and, for purposes of this Schedule 13G, may be deemed to be the beneficial owner of the Shares reported in this Schedule 13G. Mr. Daniel S. Och is the Chief Executive Officer, an Executive Managing Director and Chairman of OZM. As such, for purposes of this Schedule 13G, he may be deemed to control such entity and, therefore, may be deemed to be the beneficial owner of the Shares reported in this Schedule 13G.
		The percentages used in this Item 4 are calculated based on 36,616,589 shares of American Depositary Shares (ADS), each ADS represents twenty Class A common shares, (equivalent to 732,331,788 Class A common shares), outstanding as of June 30, 2016, as reported in the Issuers Form 6-K filed on August 18, 2016. Beneficial ownership information is presented as of September 1, 2016.

A.

OZ

(a)

Amount beneficially owned:

39,513,300

(b)

Percent of class:

5.4%

(c)

Number of shares as to which such person has:

(i)

sole power to vote or to direct the vote

0

(ii)

shared power to vote or to direct the vote

39,513,300

(iii)

sole power to dispose or to direct the disposition of

0

(iv)

shared power to dispose or to direct the disposition of

39,513,300

B.

OZHC

(a)

Amount beneficially owned:

39,513,300

(b)

Percent of class:

5.4%

(c)

Number of shares as to which such person has:

(i)

sole power to vote or to direct the vote

0

(ii)

shared power to vote or to direct the vote

39,513,300

(iii)

sole power to dispose or to direct the disposition of

0

(iv)

shared power to dispose or to direct the disposition of

39,513,300