Filing Details
- Accession Number:
- 0001564590-19-001506
- Form Type:
- 13D Filing
- Publication Date:
- 2019-01-31 12:40:21
- Filed By:
- Pzena Investment Management
- Company:
- Essendant Inc (NASDAQ:ESND)
- Filing Date:
- 2019-01-31
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Pzena Investment Management | 1,492,308 | 0 | 1,674,402 | 0 | 1,674,402 | 4.4% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5 )*
Essendant Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
296689102
(CUSIP Number)
Mr. Richard S. Pzena
Pzena Investment Management, LLC
320 Park Avenue, 8th Floor
New York, NY 10022
(212) 355-1600
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
January 29, 2019
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☒
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
| CUSIP No. |
| Page 2 of 4 |
| (1) | Names of reporting persons
Pzena Investment Management, LLC | ||
| (2) | Check the appropriate box if a member of a group (see instructions)
(a) ☐ (b) ☐ | ||
| (3) | SEC use only
| ||
| (4) | Source of funds (see instructions) OO
| ||
| (5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||
| (6) | Citizenship or place of organization
Delaware | ||
| Number of | (7) | Sole voting power
1,492,308 | |
| shares beneficially owned by | (8) | Shared voting power 0
| |
| each reporting person | (9) | Sole dispositive power
1,674,402 | |
| with: | (10) | Shared dispositive power
0 | |
| (11) | Aggregate amount beneficially owned by each reporting person
1,674,402 | ||
| (12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | ||
| (13) | Percent of class represented by amount in Row (11) 4.4%
| ||
| (14) | Type of reporting person (see instructions)
IA | ||
This statement constitutes Amendment No. 5 to the Schedule 13D relating to the common stock, par value $0.10 per share (the “Common Stock”), of Essendant Inc., a Delaware corporation (the “Issuer”), and hereby amends the Schedule 13D filed with the Securities and Exchange Commission on January 15, 2019 (the “Schedule 13D Amendment No 4”).
________________________________________________________________________________
Item 5 is hereby amended in its entirety as follows:
Item 5. Interest in Securities of the Issuer.
Number Percentage of
Reporting Person of Shares Shares
(a) Pzena Investment Management, LLC 1,674,402 4.4%
(b) PIM currently exercises voting authority over shares of Common Stock in the accounts of PIM clients that have delegated proxy voting authority to PIM. Such voting authority may be withdrawn by PIM clients at any time.
Sole Power to vote or direct the vote:
Pzena Investment Management, LLC 1,492,308
Shared Power to vote or direct the vote:
Pzena Investment Management, LLC 0
Sole Power to dispose or to direct the disposition:
Pzena Investment Management, LLC 1,674,402
Shared Power to dispose or to direct the disposition:
Pzena Investment Management, LLC 0
(c) The following table sets forth the Reporting Person transactions in the shares of the Common Stock during the last 60 days:
Pzena Investment Management, LLC
All transactions listed in the schedule below were done at PIM’s discretion for PIM’s clients.
Number of Average Transaction
Date Shares Price Per Share Effected
12/03/18 57,895 12.66 Open Market Sale
12/04/18 120,870 12.66 Open Market Sale
12/06/18 3,701 12.65 Open Market Sale
12/07/18 1,200 12.65 Open Market Sale
12/10/18 45,124 12.65 Open Market Sale
12/14/18 358,404 12.60 Open Market Sale
12/17/18 3,171 12.46 Open Market Sale
12/19/18 25,806 12.35 Open Market Sale
12/24/18 3,777 11.97 Open Market Sale
12/28/18 1,126 12.42 Open Market Sale
01/03/19 98,246 12.67 Open Market Sale
01/04/19 123,876 12.65 Open Market Sale
01/07/19 62,593 12.65 Open Market Sale
01/08/19 13,80 12.65 Open Market Sale
01/09/19 185,498 12.62 Open Market Sale
01/10/19 87,798 12.64 Open Market Sale
01/11/19 283,006 12.60 Open Market Sale
01/14/19 232,967 12.60 Open Market Sale
01/15/19 108,336 12.60 Open Market Sale
01/16/19 74,354 12.60 Open Market Sale
01/17/19 29,458 12.60 Open Market Sale
01/24/19 1,628 12.46 Open Market Sale
01/29/19 301,899 12.80 Open Market Sale
(d) PIM, an investment advisor registered under the Investment Advisors Act of 1940, pursuant to investment advisory contracts with its clients has dispositive power over the shares of the Common Stock in the PIM investment advisory accounts of clients. The individual clients, none of whom individually owns beneficially more than 5% of the total class of such securities, have the right to receive or the power to direct the receipt of dividends from, and the proceeds from the sale of the shares of the Common Stock.
(e) Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I Certify that the information set forth in this statement is true, complete and correct.
January 31, 2019
----------------------------------------
(Date)
/s/ Richard S. Pzena, CEO
----------------------------------------
(Name/Title)
Attention. Intentional misstatements or omissions of fact constitute federal Criminal violations (see 18 U.S.C. 1001).