Filing Details

SCHEDULE 13D

 

1	NAMES OF REPORTING PERSONS   Friedman Fleischer & Lowe Parallel Fund III, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)          ☐ (b)          ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS   OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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   0
		9	SOLE DISPOSITIVE POWER   0
		10	SHARED DISPOSITIVE POWER   0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON   0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   0
14	TYPE OF REPORTING PERSON   PN

This Amendment No. 1 to Schedule 13D (this “Statement”) is being filed on behalf of the Reporting Persons to amend the Schedule 13D (the “Schedule 13D”), which was originally filed with the Securities and Exchange Commission on October 16, 2017. Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

This Statement amends and supplements the Schedule 13D. All of the information set forth in the Schedule 13D is incorporated herein by reference in response to Items 1 through 7 of this Amendment, except as otherwise set forth below. This Amendment should be read together with the Schedule 13D.

Items 3 and 4 are hereby amended and supplemented to include the following:

Item 3 and 4.

As announced and further described by Lapolla in the Form 8-K filed by Lapolla with the SEC on November 30, 2017, on November 30, 2017, the Merger was completed. As a result of the Merger, Lapolla ceased to be a publicly traded company. Merger Sub merged with and into Lapolla, with Lapolla continuing as the surviving corporation in the Merger and as an indirect wholly-owned subsidiary of Parent.

At the effective time of the Merger (the “Effective Time”), each issued and outstanding share of Common Stock was cancelled and converted into the right to receive US$1.03 in cash, without interest (the “Common Stock Merger Consideration”).  In addition, all outstanding and unexercised stock options were cancelled and holders thereof have the right to receive a cash payment equal to the excess of the Common Stock Merger Consideration over the exercise price for each share of such stock option, without interest, less any required withholding taxes.

The aggregate purchase price paid by Parent at the direction of Merger Sub in connection with the Merger was approximately $226,000,000. Parent funded the consideration and certain related fees and expenses through $75,000,000 of equity commitments and the remainder through debt and cash from Lapolla’s balance sheet.

Item 5 is hereby amended and restated in its entirety as follows:

Item 5.          Interest in Securities of the Issuer.

(a)-(b) As a result of the Merger, Merger Sub was merged with and into Lapolla with Lapolla continuing as the surviving corporation in the Merger as an indirect wholly-owned subsidiary of Parent. As a result of the Merger, Lapolla ceased to be a publicly traded company. Folllowing the Merger, no shares of Lapolla are registered under the Exchange Act.

(c)	Except as described in this Statement (and the schedules to the Schedule 13D), during the last sixty (60) days there were no transactions in the Common Stock effected by the Reporting Persons.

(d)

Except as set forth in this Item 5 and for persons referred to in Item 2 above, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock that may be deemed to be beneficially owned by the Reporting Persons.

(e)	Not applicable.

 

 

SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.