Filing Details
- Accession Number:
- 0000899140-17-000689
- Form Type:
- 13D Filing
- Publication Date:
- 2017-12-08 17:05:15
- Filed By:
- Third Point
- Company:
- Green Brick Partners Inc. (NASDAQ:GRBK)
- Filing Date:
- 2017-12-08
- 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 |
---|---|---|---|---|---|---|
Third Point | 0 | 8,083,022 | 0 | 8,083,022 | 8,083,022 | 16.0% |
Daniel S. Loeb | 128,245 | 8,083,022 | 128,245 | 8,083,022 | 8,211,267 | 16.2% |
Third Point Offshore Master Fund | 0 | 3,261,394 | 0 | 3,261,394 | 3,261,394 | 6.5% |
Third Point Advisors II | 0 | 3,261,394 | 0 | 3,261,394 | 3,261,394 | 6.5% |
Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 10)
Under the Securities Exchange Act of 1934
Green Brick Partners, Inc.
(Name of Company)
Common Stock, $0.01 per share
(Title of Class of Securities)
392709101
(CUSIP Number)
Joshua L. Targoff
Third Point LLC
390 Park Avenue, 19th Floor
New York, NY 10022
(212) 715-3880
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(with copies to)
Manuel A. Miranda, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019
(212) 728-8747
December 6, 2017
(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 240.13d-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. 392709 101 | Page 2 of 9 Pages | ||||||
1 | NAME OF REPORTING PERSON Third Point LLC | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☒ | |||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* AF | ||||||
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | |||||
8 | SHARED VOTING POWER 8,083,022 (see Item 5) | ||||||
9 | SOLE DISPOSITIVE POWER 0 | ||||||
10 | SHARED DISPOSITIVE POWER 8,083,022 (see Item 5) | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,083,022 (see Item 5) | ||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)* | ☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.0% | ||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)* OO |
CUSIP No. 392709 101 | Page 3 of 9 Pages | ||||||
1 | NAME OF REPORTING PERSON Daniel S. Loeb | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☒ | |||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* AF | ||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 128,245 | |||||
8 | SHARED VOTING POWER 8,083,022 (see Item 5) | ||||||
9 | SOLE DISPOSITIVE POWER 128,245 | ||||||
10 | SHARED DISPOSITIVE POWER 8,083,022 (see Item 5) | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,211,267 (see Item 5) | ||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)* | ☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.2% | ||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)* IN |
CUSIP No. 392709 101 | Page 4 of 9 Pages | |||||||
1 | NAME OF REPORTING PERSON Third Point Offshore Master Fund L.P. | |||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☒ | ||||||
3 | SEC USE ONLY | |||||||
4 | SOURCE OF FUNDS* WC | |||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||||||
8 | SHARED VOTING POWER 3,261,394 | |||||||
9 | SOLE DISPOSITIVE POWER 0 | |||||||
10 | SHARED DISPOSITIVE POWER 3,261,394 | |||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,261,394 (see Item 5) | |||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)* | ☐ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% | |||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)* PN |
CUSIP No. 392709 101 | Page 5 of 9 Pages | ||||||
1 | NAME OF REPORTING PERSON Third Point Advisors II L.L.C. | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☒ | |||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* WC | ||||||
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | |||||
8 | SHARED VOTING POWER 3,261,394 | ||||||
9 | SOLE DISPOSITIVE POWER 0 | ||||||
10 | SHARED DISPOSITIVE POWER 3,261,394 | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,261,394 (see Item 5) | ||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)* | ☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% | ||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)* OO |
This Amendment No. 10 to Schedule 13D (this “Amendment No. 10”) is being filed with respect to the Common Stock, par value $0.01 per share (the “Common Stock”), of Green Brick Partners, Inc. (f/k/a BioFuel Energy Corp.), a Delaware corporation (the “Issuer”), to amend the Schedule 13D filed on June 25, 2007 (as amended by Amendment No. 1 thereto filed on December 31, 2008, Amendment No. 2 thereto filed on April 3, 2009, Amendment No. 3 thereto filed on September 28, 2010, Amendment No. 4 thereto filed on December 20, 2010, Amendment No. 5 thereto filed on February 9, 2011, Amendment No. 6 thereto filed on July 18, 2014, Amendment No. 7 thereto filed on October 31, 2014, Amendment No. 8 thereto filed on July 1, 2015, Amendment No. 9 thereto filed on April 8, 2016 and this Amendment No. 10, the “Schedule 13D”).
This Amendment No. 10 is being filed on behalf of Third Point LLC, a Delaware limited liability company (the “Management Company”), Daniel S. Loeb, an individual (“Mr. Loeb”), Third Point Offshore Master Fund L.P., a Cayman Islands exempted limited partnership (“Third Point Master”), and Third Point Advisors II L.L.C., a Delaware limited liability company (“Third Point Advisors”, and together with the Management Company, Mr. Loeb and Third Point Master, the “Reporting Persons”).
The Management Company is the investment manager or adviser to a variety of hedge funds and managed accounts (such funds and accounts, collectively, including, but not limited to, Third Point Master, the “Funds”). Third Point Advisors serves as the general partner of Third Point Master. The Management Company and Mr. Loeb may be deemed to have beneficial ownership over shares of Common Stock directly beneficially owned by the Funds, by virtue of the authority granted to them by the Funds to vote and to dispose of the securities held by the Funds, including the Common Stock.
This Amendment No. 10 is being filed to amend Item 3, Item 4 and Item 5 of the Schedule 13D as follows:
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is amended to reflect the following:
The net investment costs of the shares of Common Stock subject to the Rebalancing (as defined below) was $0 other than customary commissions, the source of funds of which was the working capital of the applicable Funds.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is amended to reflect the following:
The Funds entered into ordinary course rebalancing transactions which resulted in no change in the aggregate Common Stock beneficially owned by the Funds, the Management Company and Mr. Loeb (the “Rebalancing”). In connection with the Rebalancing, the following transactions were consummated: (a) Third Point Master purchased 603,616 shares of Common Stock, (b) other Funds purchased 1,522,139 shares of Common Stock and (c) other Funds sold 2,125,755 shares of Common Stock. All of the rebalancing transactions were effected at the same time at a price of $11.10 per share of Common Stock, net of commissions.
Item 5. Interest in Securities of the Issuer.
Items 5(a), (b) and (c) of the Schedule 13D are amended to reflect the following:
(a) As of the date of this Schedule 13D, the Management Company beneficially owns 8,083,022 shares of Common Stock (the “Third Point Shares”). The Third Point Shares represent approximately 16.0% of the Common Stock, based upon the 50,584,501 shares of Common Stock outstanding as of November 1, 2017 based on information provided by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2017 (the “Outstanding Shares”).
As of the date of this Schedule 13D, Mr. Loeb beneficially owns 8,211,267 shares of Common Stock, representing approximately 16.2% of the Outstanding Shares and Third Point Master beneficially owns 3,261,394 shares of Common Stock, representing approximately 6.5% of the Outstanding Shares. None of the other individual Funds beneficially owns a number of shares of Common Stock representing more than 5% of the outstanding shares of Common Stock.
(b) The Management Company has the power to vote and dispose of 8,083,022 shares of Common Stock beneficially owned by it. Mr. Loeb has the power to vote and dispose of 8,211,267 shares of Common Stock beneficially owned by him. Third Point Master has the power to vote and dispose of 3,261,394 shares of Common Stock beneficially owned by it.
(c) Other than as described in Item 4, during the past 60 days there were no transactions in the Common Stock effected by the Reporting Persons, nor, to the best of their knowledge, any of their directors, executive officers, general partners or members.
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.
Dated: December 8, 2017 | THIRD POINT LLC | |
By: | Daniel S. Loeb, | |
Chief Executive Officer | ||
By: | /s/ William Song | |
Name: William Song | ||
Title: Attorney-in-Fact | ||
Dated: December 8, 2017 | DANIEL S. LOEB | |
By: | /s/ William Song | |
Name: William Song | ||
Title: Attorney-in-Fact | ||
Dated: December 8, 2017 | THIRD POINT OFFSHORE MASTER FUND L.P. | |
By: | Third Point Advisors II L.L.C., | |
its general partner | ||
By: | Daniel S. Loeb, | |
Managing Director | ||
/s/ William Song_________________ | ||
Name: William Song | ||
Title: Attorney-in-Fact |
| ||
Dated: December 8, 2017 | THIRD POINT ADVISORS II L.L.C. | |
By: | Daniel S. Loeb, | |
Managing Director | ||
/s/ William Song_________________ | ||
Name: William Song | ||
Title: Attorney-in-Fact |