Filing Details

Accession Number:
0000895345-21-000057
Form Type:
13D Filing
Publication Date:
2021-02-01 19:00:00
Filed By:
Blackrock Inc.
Company:
Eurodry Ltd.
Filing Date:
2021-02-02
SEC Url:
13D 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
BlackRock, Inc. (TIN 449,647 449,647 449,647 17.2 %
Filing





 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)

 

EuroDry Ltd.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)

Y23508107
(CUSIP Number)

David Maryles
Managing Director, Legal & Compliance
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
(212) 810-5300
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 29, 2021
(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).




CUSIP No. Y23508107
Page 2 


1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
 BlackRock, Inc. (TIN: 23-0174431)
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
 
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
 OO – Funds of investment advisory clients
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 
 
 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
449,647 (1)
 
 
 
 
8
SHARED VOTING POWER
 
 
 None
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
449,647 (1)
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
 None
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
449,647 (1)
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
17.2% (1) (2)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 HC
 
 
 
 

(1)
Reflects 180,000 shares of EuroDry Ltd.’s (the “Issuer’s”) common stock, par value $0.01 per share (“Common Stock”), together with Series B Convertible Perpetual Preferred Shares (the “Series B Preferred Shares”) that are convertible, at a conversion price of $31.64 per share, into 269,643 shares of Common Stock.
   
(2)
Based on (a) 2,347,916 shares of Common Stock outstanding as of January 29, 2021, as conveyed by the Issuer to the Reporting Person, and (b) Series B Preferred Shares that are convertible into 269,643 shares of Common Stock, as computed in accordance with Rule 13d-3(d)(1).
 

ITEM 1.       SECURITY AND ISSUER

This Amendment No. 3 (this “Amendment No. 3”) to Schedule 13D amends the Schedule 13D filed by BlackRock, Inc. (“BlackRock”) with the U.S. Securities and Exchange Commission (“SEC”) on August 3, 2018 (the “Initial BlackRock Statement”), as amended by BlackRock on June 18, 2019 (“Amendment No. 1”) and June 19, 2019 (“Amendment No. 2” and, together with the Initial BlackRock Statement and Amendment Nos. 1 through No. 3 thereto, the “BlackRock Schedule 13D”) regarding the common stock, par value $0.01 per share (“Common Stock”), of EuroDry Ltd. (the “Issuer”), a corporation organized under the laws of the Republic of the Marshall Islands.  EuroDry Ltd.’s principal executive offices are located at 4 Messogiou & Evropis Street, 151 24 Maroussi, Greece.
 
As stated in the Initial BlackRock Statement, that filing adopted as BlackRock’s initial statement of beneficial ownership on Schedule 13D, in respect of the Issuer’s shares of Common Stock, the Schedule 13D in respect of the Issuer’s shares of Common Stock filed on behalf of Tennenbaum Capital Partners, LLC (“TCP”) with the SEC on June 11, 2018, as separately amended by TCP on August 3, 2018 (the “TCP Schedule 13D”).

Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported on the Initial BlackRock Statement, Amendment No. 1 or Amendment No. 2 thereto, or the TCP Schedule 13D.  Capitalized terms used but not otherwise defined in this Amendment No. 3 shall have the meanings ascribed to them in the Initial BlackRock Statement, Amendment No. 1 or Amendment No. 2 thereto, or the TCP Schedule 13D.

ITEM 2.       IDENTITY AND BACKGROUND
Item 2 of the BlackRock Schedule 13D is hereby amended and restated as follows:
(a) – (c) and (f)
Current information concerning the identity, background and citizenship of each executive officer and director of BlackRock is set forth on Annex A, attached hereto and incorporated herein by reference.

ITEM 4.       PURPOSE OF TRANSACTION

Item 4 of the Initial BlackRock Statement is supplemented with the following:

On January 29, 2021, TCP, on behalf of Tennenbaum Opportunities Fund VI, LLC (“Fund VI”), entered into a stock purchase agreement (the “Stock Purchase Agreement”) with the Issuer, dated as of January 29, 2021, pursuant to which TCP agreed to sell, transfer, assign and deliver to the Issuer, and the Issuer agreed to purchase from TCP, 3,812 Series B Convertible Perpetual Preferred Shares held by Fund VI, at a purchase price of $1,000 per share, without a brokerage fee or other commission, for an aggregate purchase price of $3,812,000.  The transaction set forth in the Stock Purchase Agreement closed on January 29, 2021.

ITEM 5.       INTEREST IN SECURITIES OF THE ISSUER

(c)Except for the transactions described in Item 4 above, there have been no transactions in the shares of the Issuer’s Common Stock or the Series B Preferred Shares beneficially owned by the Reporting Person during the past 60 days.

ITEM 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

Item 6 of the BlackRock Schedule 13D is hereby amended and supplemented as follows:

The information set forth in Item 4 of this Amendment No. 3 is incorporated by reference in its entirety into this Item 6.

ITEM 7.       MATERIAL TO BE FILED AS EXHIBITS

Item 7 of the BlackRock Schedule 13D is hereby amended and supplemented as follows:

Exhibit No.
  
Description
 
 
99.1.
  



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 2, 2021
 
 
BlackRock, Inc.
 
 
 
 
 
By:
/s/ David Maryles
 
 
 
Name:
David Maryles
 
 
 
Title:
Managing Director, Legal & Compliance
 





Annex A
The following is a list of the executive officers and directors of BlackRock, Inc. (collectively, the “Covered Persons”), setting forth the present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted and citizenship for each such person. Each Covered Person is a citizen of the United States, unless otherwise noted, and does not have any other principal occupation (outside of similar positions held with respect to other entities directly or indirectly managed or advised by BlackRock).

Executive Officers

Name
 
Position
 
Business Address
 
Citizenship
 
 
 
 
 
 
 
Laurence D. Fink
 
Chairman and Chief Executive Officer
 
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Robert S. Kapito
 
President
 
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Gary S. Shedlin
 
Senior Managing Director and Chief Financial Officer
 
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Robert L. Goldstein
 
Senior Managing Director, Chief Operating Officer & Global Head of BlackRock Solutions
 
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Geraldine Buckingham
 
Senior Managing Director and Chairman of BlackRock Asia Pacific
 
16/F Champion Tower
3 Garden Road Central,
Hong Kong
 
Australia
 
 
 
 
 
 
 
J. Richard Kushel
 
Senior Managing Director and Head of Portfolio Management Group
 
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Rachel Lord
 
Senior Managing Director and Head of Europe, Middle East and Africa
 
Drapers Gardens
12 Throgmorton Avenue
London EC2N 2DL
United Kingdom
 
U.K.
 
 
 
 
 
 
 
Mark S. McCombe
 
Senior Managing Director and Chief Client Officer
 
55 East 52nd Street
New York, NY 10055
 
U.K.
 
 
 
 
 
 
 
Christopher J. Meade
 
Senior Managing Director, Chief Legal Officer and General Counsel
 
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Manish Mehta
 
Senior Managing Director, Global Head of Human Resources
 
400 Howard Street
San Francisco, CA  94105
 
U.S.
 
 
 
 
 
 
 
Mark Wiedman
 
Senior Managing Director, Head of International and Corporate Strategy
 
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 



Directors

Name
 
Principal Occupation or Employment
 
Business Address
 
Citizenship
 
 
 
 
 
 
 
Laurence D. Fink
 
Chairman and Chief Executive Officer
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Robert S. Kapito
 
President
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Bader M. Alsaad
 
Kuwait Investment Authority- Former Managing Director
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
Kuwait
 
 
 
 
 
 
 
Mathis Cabiallavetta
 
UBS- Former Chairman
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
Switzerland
 
 
 
 
 
 
 
Pamela Daley
 
General Electric Company – Former Senior Vice President of Corporate Business Development
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 1005
 
U.S.
 
 
 
 
 
 
 
Jessica Einhorn
 
Paul H. Nitze School of Advanced International Studies at Johns Hopkins University – Former Dean
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 1005
 
U.S.
 
 
 
 
 
 
 
William E. Ford
 
General Atlantic – Chief Executive Officer
 
General Atlantic
Park Avenue Plaza
55 East 52nd Street, 33rd Floor
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Fabrizio Freda
 
The Estée Lauder Companies Inc. – President and Chief Executive Officer
 
The Estée Lauder Companies Inc.
767 Fifth Avenue, 40th Floor
New York, NY 10153
 
Italy & U.S.
 
 
 
 
 
 
 
Murry S. Gerber
 
EQT Corporation – Former Executive Chairman, Chairman,President and CEO
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Margaret L. Johnson
 
Magic Leap, Inc. – Chief Executive Officer
 
Magic Leap
7500 W. Sunrise Blvd.
Plantation, FL33322
 
U.S.
 
 
 
 
 
 
 
Cheryl D. Mills
 
BlackIvy Group – Chief Executive Officer
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Gordon M. Nixon
 
Royal Bank of Canada – Former President, CEO and Board Member
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
Canada
 
 
 
 
 
 
 
Charles H. Robbins
 
Cisco Systems, Inc. – Chief Executive Officer and Chairman
 
Cisco Systems, Inc.
170 West Tasman Drive
San Jose, CA 95134
 
U.S.
 
 
 
 
 
 
 
Marco Antonio Slim Domit
 
Grupo Financiero Inbursa, S.A.B. de C.V. – Chairman
 
Grupo Financiero Inbursa
Av. Paseo de las Palmas, #736 Floor 1
Colonia Lomas de Chapultepec
C.P. 11000, México D.F.
 
Mexico
 
 
 
 
 
 
 
Susan L. Wagner
 
BlackRock – Former Vice Chairman
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
U.S.
 
 
 
 
 
 
 
Mark Wilson
 
Aviva plc – Former CEO
 
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
 
New Zealand