Filing Details

CUSIP No.

001031103

1.

NAME OF REPORTING PERSONS

KSA Capital Management, LLC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)

[_]

(b)

[X]

3.

SEC USE ONLY

4.

SOURCE OF FUNDS

AF

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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

0

8.

SHARED VOTING POWER

650,643

9.

SOLE DISPOSITIVE POWER

0

10.

SHARED DISPOSITIVE POWER

650,643

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING

PERSON

650,643

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

CERTAIN SHARES

[_]

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

12.7%

14.

TYPE OF REPORTING PERSON

IA, OO

CUSIP No.

001031103

1.

NAME OF REPORTING PERSONS

Daniel Khoshaba

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)

[_]

(b)

[X]

3.

SEC USE ONLY

4.

SOURCE OF FUNDS

AF

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7.

SOLE VOTING POWER

0

8.

SHARED VOTING POWER

650,643

9.

SOLE DISPOSITIVE POWER

0

10.

SHARED DISPOSITIVE POWER

650,643

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING

PERSON

650,643

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

CERTAIN SHARES

[_]

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

12.7%

14.

TYPE OF REPORTING PERSON

IN, HC

CUSIP No.

001031103

 

 

 

 

 

Item 1.

Security and Issuer.

 

 

The name of the issuer is AEP Industries Inc., a Delaware corporation (the "Issuer").  The address of the Issuer's principal executive offices is 95 Chestnut Ridge Road, Montvale, New Jersey 07645.  This is Amendment No. 9 to Schedule 13D relates to the Issuer's Common Stock, $0.01 par value per share (the "Shares").

 

 

 

 

 

 

 

Item 2.

Identity and Background.

 

 

(a), (f)

The persons filing this statement are KSA Capital Management, LLC, a Delaware limited liability company ("KSA Capital Management"), and Daniel Khoshaba, a citizen of the United States of America ("Mr. Khoshaba" and, together with KSA Capital Management, the "Reporting Persons").

 

 

(b)

The principal business address for KSA Capital Management and Mr. Khoshaba is 67 East Park Place, 8^th Floor, Suite 800, Morristown, New Jersey 079604.

 

 

(c)

Mr. Khoshaba is the Managing Member of KSA Capital Management, an investment adviser that serves as investment manager to certain private investment vehicles.

 

 

(d)

None of the Reporting Persons have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

 

(e)

Neither of the Reporting Persons have, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

 

 

 

Item 3.

Source and Amount of Funds or Other Consideration.

 

The funds for the purchase of the Shares beneficially owned by the Reporting Persons came from working capital of certain private investment vehicles managed by KSA Capital Management.  Those private investment vehicles are the direct owners of the Shares.  The net investment costs (including commissions, if any) of the Shares beneficially owned by the Reporting Persons is approximately $14,988,708.  No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes (including certain leverage arrangements) in the ordinary course of business.

Item 4.

Purpose of Transaction.

 

 

The Reporting Persons are filing this Schedule 13D/A to report a change in their beneficial ownership percentage of the Shares, as indicated in Item 5 below.

Except as otherwise set forth herein, the Reporting Persons do not have any present plans or proposals which would relate to, or result in, the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D.

The Reporting Persons reserve the right, at a later date, to effect one or more of such changes or transactions in the number of Shares they may be deemed to beneficially own.

 

 

 

Item 5.

Interest in Securities of the Issuer.

 

 

 

 

 

(a) - (d)

As of the date hereof, KSA Capital Management and Mr. Khoshaba may each be deemed to be the beneficial owners of 650,643 Shares, constituting 12.7% of the Shares, based upon 5,113,801 Shares outstanding as of the date hereof.

 

KSA Capital Management, as the investment manager of certain private investment vehicles that are the direct owners of the Shares reported herein, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) 650,643 Shares, and, therefore, KSA Capital Management may be deemed to be an indirect beneficial owner of the Shares reported herein.  By virtue of Mr. Khoshaba's position as the Managing Member of KSA Capital Management, Mr. Khoshaba may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the 650,643 Shares reported herein, and, therefore, Mr. Khoshaba may be deemed to be an indirect beneficial owner of those Shares.

 

The transactions in the Shares by the Reporting Persons on behalf of their investment advisory clients during the past sixty days are set forth in Exhibit B.

 

 

(e)

N/A

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

 

None

 

 

 

 

Item 7.

Material to be Filed as Exhibits.

 

 

Exhibit A:  Joint Filing Agreement

Exhibit B:  Schedule of Transactions in the Shares

 

 

 

September 26, 2016

(Date)

KSA Capital Management, LLC*

By:  /s/ Daniel Khoshaba

Name: Daniel Khoshaba

Title: Managing Member

 

 

Daniel Khoshaba*

/s/ Daniel Khoshaba

September 26, 2016

(Date)

KSA Capital Management, LLC

By:  /s/ Daniel Khoshaba

Name: Daniel Khoshaba

Title: Managing Member

 

 

Daniel Khoshaba

/s/ Daniel Khoshaba

Trade Date

Purchase/Sale

Quantity

Price

09/22/2016

Sale

30,000

$111.5568*

09/23/2016

Sale

100,000

$111.2626**