Filing Details

Accession Number:
0000929638-20-000312
Form Type:
13G Filing
Publication Date:
2020-02-14 13:58:32
Filed By:
Odey Asset Management Group
Company:
Viasat Inc (NASDAQ:VSAT)
Filing Date:
2020-02-14
SEC Url:
13G Filing
Ownership Summary

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
Odey Asset Management Group Ltd 0 1,637,470 0 1,637,470 1,637,470 2.67%
Odey Asset Management LLP 0 1,637,470 0 1,637,470 1,637,470 2.67%
Odey Holdings AG 0 1,637,470 0 1,637,470 1,637,470 2.67%
Robin Crispin William Odey ( Crispin Odey ) 0 1,637,470 0 1,637,470 1,637,470 2.67%
Filing
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Viasat, Inc.
(Name of Issuer)

Common Stock, par value $0.0001 per share
(Title of Class of Securities)

 
92552V100
 
(CUSIP Number)

December 31, 2019
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 [x]                          Rule 13d-1(b)
 [  ]                          Rule 13d-1(c)
 [  ]                          Rule 13d-1(d)
*            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 the disclosures provided in a prior cover page.  Beneficial ownership information contained herein is given as of the date listed above.
The information required in 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).
1
Names of Reporting Persons.
 
Odey Asset Management Group Ltd
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)            [ ]
 
(b)            [ ]
3
SEC Use Only
4
Citizenship or Place of Organization.
 
England
 

Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5            Sole Voting Power
 
0 shares
 
6            Shared Voting Power
 
1,637,470 shares
 
Refer to Item 4 below.
7            Sole Dispositive Power
 
0 shares
 
8            Shared Dispositive Power
 
1,637,470 shares
 
Refer to Item 4 below.

9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,637,470 shares
 
Refer to Item 4 below.
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11
Percent of Class Represented by Amount in Row (9)
 
 2.67%
 
Refer to Item 4 below.
12
Type of Reporting Person (See Instructions)
 
CO, HC

1
Names of Reporting Persons.
 
Odey Asset Management LLP
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)            [ ]
 
(b)            [ ]
3
SEC Use Only
4
Citizenship or Place of Organization.
 
England
 

Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5            Sole Voting Power
 
0 shares
 
6            Shared Voting Power
 
1,637,470 shares
 
Refer to Item 4 below.
7            Sole Dispositive Power
 
0 shares
 
8            Shared Dispositive Power
 
1,637,470 shares
 
Refer to Item 4 below.

9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,637,470 shares
 
Refer to Item 4 below.
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11
Percent of Class Represented by Amount in Row (9)
 
 2.67%
 
Refer to Item 4 below.
12
Type of Reporting Person (See Instructions)
 
PN, IA

1
Names of Reporting Persons.
 
Odey Holdings AG
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)            [ ]
 
(b)            [ ]
3
SEC Use Only
4
Citizenship or Place of Organization.
 
Switzerland
 

Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5            Sole Voting Power
 
0 shares
 
6            Shared Voting Power
 
1,637,470 shares
 
Refer to Item 4 below.
7            Sole Dispositive Power
 
0 shares
 
8            Shared Dispositive Power
 
1,637,470 shares
 
Refer to Item 4 below.

9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,637,470 shares
 
Refer to Item 4 below.
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11
Percent of Class Represented by Amount in Row (9)
 
 2.67%
 
Refer to Item 4 below.
12
Type of Reporting Person (See Instructions)
 
CO, HC


1
Names of Reporting Persons.
 
Robin Crispin William Odey (“Crispin Odey”)
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)            [ ]
 
(b)            [ ]
3
SEC Use Only
4
Citizenship or Place of Organization.
 
England
 

Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5            Sole Voting Power
 
0 shares
6            Shared Voting Power
 
1,637,470 shares
 
Refer to Item 4 below.
7            Sole Dispositive Power
 
0 shares
8            Shared Dispositive Power
 
1,637,470 shares
 
Refer to Item 4 below.

9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,637,470 shares
 
Refer to Item 4 below.
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11
Percent of Class Represented by Amount in Row (9)
 
2.67%
 
Refer to Item 4 below.
12
Type of Reporting Person (See Instructions)
 
IN, HC
SCHEDULE 13G
Item 1
 
 
(a)
Name of Issuer
 
   
Viasat, Inc.
 
 
(b)
Address of Issuer’s Principal Executive Offices
 
   
 
6155 El Camino Real, Carlsbad, California 92009
 

Item 2
 
 
(a)
Name of Person Filing
 
   
Odey Asset Management Group Ltd
Odey Asset Management LLP
Odey Holdings AG
Crispin Odey
 
 
 
(b)
Address of Principal Business Office or, if none, Residence
 
   
Odey Asset Management Group Ltd
Odey Asset Management LLP
Odey Holdings AG
Crispin Odey
c/o Odey Asset Management Group Ltd
12 Upper Grosvenor Street
London, United Kingdom  W1K 2ND
 
 
 
(c)
Citizenship
 
   
Odey Asset Management Group Ltd – England
Odey Asset Management LLP – England
Odey Holdings AG – Switzerland
Crispin Odey – England
 
 
 
(d)
Title of Class of Securities
 
   
Common Stock, par value $0.0001 per share
 
 
(e)
CUSIP Number
 
   
92552V100
 

Item 3
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
(a)
[ ]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
 
(b)
[ ]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
 
(c)
[ ]
Insurance Company as defined in Section 3(a)(19) of the Act;
 
 
(d)
[ ]
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
 
 
(e)
[x]
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
 
(f)
[ ]
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
 
(g)
[x]
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
 
 
(h)
[ ]
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
 
(i)
[ ]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
 
(j)
[ ]
A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
 
 
(k)
[ ]
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
 
If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
Item 4
Ownership
 
Shares reported herein for Odey Asset Management LLP (“OAM LLP”) represent shares held for the benefit of investment advisory clients of OAM LLP.  Odey Asset Management Group Ltd (“OAM Ltd”) is the managing member of OAM LLP, Odey Holdings AG (“Odey Holdings”) is the sole stockholder of OAM Ltd, and Mr. Odey is the sole stockholder of Odey Holdings.  For all purposes other than the filing of this Schedule 13G, each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

Item 4(a)
Amount Beneficially Owned
 
Odey Asset Management Group Ltd – 1,637,470 shares
Odey Asset Management LLP – 1,637,470 shares
Odey Holdings AG – 1,637,470 shares
Crispin Odey – 1,637,470 share                       s

Item 4(b)
Percent of Class
 
Odey Asset Management Group Ltd –  2.67%
Odey Asset Management LLP –  2.67%
Odey Holdings AG –  2.67%
Crispin Odey –  2.67%

Item 4(c)
Number of shares as to which each such person has voting and dispositive power:
(i)
sole power to vote or to direct the vote
 
Odey Asset Management Group Ltd – 0 shares
Odey Asset Management LLP – 0 shares
Odey Holdings AG – 0 shares
Crispin Odey – 0 shares
 
(ii)
shared power to vote or to direct the vote
 
Odey Asset Management Group Ltd – 1,637,470 shares
Odey Asset Management LLP – 1,637,470 shares
Odey Holdings AG – 1,637,470 shares
Crispin Odey – 1,637,470 shares
 
(iii)
sole power to dispose or to direct the disposition of
 
Odey Asset Management Group Ltd – 0 shares
Odey Asset Management LLP – 0 shares
Odey Holdings AG – 0 shares
Crispin Odey – 0 shares
 
(iv)
shared power to dispose or to direct the disposition of
 
Odey Asset Management Group Ltd – 1,637,470 shares
Odey Asset Management LLP – 1,637,470  shares
Odey Holdings AG – 1,637,470 shares
Crispin Odey –1,637,470 shares

Item 5
Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ X ].
Item 6
Ownership of More than Five Percent on Behalf of Another Person
 
Dividends received from, and proceeds from the sale of, the shares reported herein, if any, are allocated by Odey Asset Management LLP to the applicable accounts of its clients and are distributed or retained in accordance with its investment advisory agreements with those clients.
 
Item 7
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
 
Not applicable.
Item 8
Identification and Classification of Members of the Group
 
Not applicable.
Item 9
Notice of Dissolution of Group
 
Not applicable.
Item 10
Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
Exhibits
Exhibit
99.1
Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on February 14, 2019.
   

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.
Date: February 14, 2020

 
ODEY ASSET MANAGEMENT GROUP LTD
   
 
By: /s/ Jack Satt
 
Jack Satt, Chief Compliance Officer
   
   
 
ODEY ASSET MANAGEMENT LLP
   
 
By: /s/ Jack Satt
 
Jack Satt, Chief Compliance Officer
   
   
 
ODEY HOLDINGS AG
   
 
By: /s/ Jack Satt
 
Jack Satt, Chief Compliance Officer
   
   
 
ROBIN CRISPIN WILLIAM ODEY
   
 
By: /s/ Jack Satt
 
Jack Satt, as attorney-in-fact for Robin Crispin William Odey*
 
*The Power of Attorney executed by Mr. Odey authorizing the signatory to sign and file this Schedule 13G on Mr. Odey’s behalf, filed as Exhibit 99 to the Form 13F filed with the Securities and Exchange Commission on August 14, 2018 by Mr. Odey is incorporated herein by reference.