Filing Details
- Accession Number:
- 0000919574-18-001806
- Form Type:
- 13G Filing
- Publication Date:
- 2018-02-14 14:55:51
- Filed By:
- TIG Advisors
- Company:
- Straight Path Communications Inc. (NYSEMKT:STRP)
- Filing Date:
- 2018-02-14
- SEC Url:
- 13G Filing
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 |
|---|---|---|---|---|---|---|
| TIG Advisors | 0 | 0 | 0 | 0 | 0 | 0% |
| Michael Tiedemann | 0 | 0 | 0 | 0 | 0 | 0% |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No.1)*
| Straight Path Communications Inc. |
| (Name of Issuer) |
| Class B Common Stock, $.01 Par Value |
| (Title of Class of Securities) |
| 862578101 |
| (CUSIP Number) |
| February 9, 2017 |
| (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 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 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. | 862578101 |
| 1. | NAME OF REPORTING PERSONS | |
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
| TIG Advisors, LLC | ||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [_] |
| (b) [X] | ||
| 3. | SEC USE ONLY | |
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Delaware | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||
| 5. | SOLE VOTING POWER | |
| 0 | ||
| 6. | SHARED VOTING POWER | |
| 0 | ||
| 7. | SOLE DISPOSITIVE POWER | |
| 0 | ||
| 8. | SHARED DISPOSITIVE POWER | |
| 0 | ||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 0 | ||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] |
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 0% | ||
| 12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | |
| IA | ||
| CUSIP No. | 862578101 |
| 1. | NAME OF REPORTING PERSONS | |
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
| Michael Tiedemann | ||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [_] |
| (b) [X] | ||
| 3. | SEC USE ONLY | |
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| United States | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||
| 5. | SOLE VOTING POWER | |
| 0 | ||
| 6. | SHARED VOTING POWER | |
| 0 | ||
| 7. | SOLE DISPOSITIVE POWER | |
| 0 | ||
| 8. | SHARED DISPOSITIVE POWER | |
| 0 | ||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 0 | ||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] |
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 0% | ||
| 12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | |
| IN | ||
| CUSIP No. | 862578101 |
| Item 1. | (a). | Name of Issuer: |
| Straight Path Communications Inc. | ||
| (b). | Address of issuer's principal executive offices: | |
| 5300 Hickory Park Drive, Suite 218 Glen Allen, Virginia 23059 | ||
| Item 2. | (a)-(c). | Name Principal Business Address, and Citizenship of Person Filing: |
| TIG Advisors, LLC 520 Madison Avenue New York, New York 10022
| ||
| Michael Tiedemann 520 Madison Avenue New York, New York 10022
| ||
| Item 2. | (d) | Title of class of securities: |
| Class B Common Stock, $.01 Par Value | ||
| Item 2. | (e). | CUSIP No.: |
| 862578101 | ||
| Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
| (a) | [_] | Broker or dealer registered under Section 15 of the Exchange Act. | |
| (b) | [_] | Bank as defined in Section 3(a)(6) of the Exchange Act. | |
| (c) | [_] | Insurance company as defined in Section 3(a)(19) of the Exchange Act. | |
| (d) | [_] | Investment company registered under Section 8 of the Investment Company Act. | |
| (e) | [X] | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
| (f) | [_] | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
| (g) | [X] | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
| (h) | [_] | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
| (i) | [_] | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | |
| (j) | [_] | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
| Item 4. | Ownership. |
| (a) | Amount beneficially owned: | ||
| As of the date of this filing, TIG Advisors, LLC and Michael Tiedemann are deemed to be the beneficial owner of 0 shares of Class B Common Stock, $0.01 par value (“Common Stock”). | |||
| (b) | Percent of class: | ||
| As of the date of this filing, TIG Advisors, LLC and Michael Tiedemann are deemed to be the beneficial owner of 0% of the Issuer’s outstanding Class B Common Stock, $0.01 par value (“Common Stock”). | |||
| (c) | Number of shares as to which the person has: | ||
| (i) | Sole power to vote or to direct the vote | ||
| TIG Advisors, LLC has sole voting power with respect to 0 shares of the Issuer’s Common Stock.
Michael Tiedemann has sole voting power with respect to 0 shares of the Issuer’s Common Stock. | |||
| (ii) | Shared power to vote or to direct the vote | ||
| TIG Advisors, LLC has shared voting power with respect to 0 shares of the Issuer’s Common Stock.
Michael Tiedemann has shared voting power with respect to 0 shares of the Issuer’s Common Stock. | |||
| (iii) | Sole power to dispose or to direct the disposition of | ||
| TIG Advisors, LLC has sole power to dispose with respect to 0 shares of the Issuer’s Common Stock.
Michael Tiedemann has sole power to dispose with respect to 0 shares of the Issuer’s Common Stock. | |||
| (iv) | Shared power to dispose or to direct the disposition of | ||
| TIG Advisors, LLC has shared power to dispose with respect to 0 shares of the Issuer’s Common Stock.
Michael Tiedemann has shared power to dispose with respect to 0 shares of the Issuer’s Common Stock. | |||
| Instruction: For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1). | |
| 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]. | |
|
This final amendment reflects that each Reporting Person has ceased to be the beneficial owner of more than five percent of the Common Stock of the issuer. | |
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
| If any other 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, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. | |
| N/A | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| If a parent holding company or Control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. | |
| See Exhibit B attached hereto. | |
| Item 8. | Identification and Classification of Members of the Group. |
| If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. | |
| N/A | |
| Item 9. | Notice of Dissolution of Group. |
| Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. | |
| N/A | |
| Item 10. | Certifications. |
| 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. | |
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.
| February 14, 2018 | ||
| (Date) | ||
| TIG Advisers, LLC (1) | ||
| By: | /s/ Michael Tiedemann | |
| Michael Tiedemann, Managing Member | ||
| /s/ Michael Tiedemann (1) | ||
| Michael Tiedemann | ||
(1) The Reporting Persons disclaim beneficial ownership except to the extent of their pecuniary interest therein.
EXHIBIT A
AGREEMENT
The undersigned agree that this Schedule 13G, dated February 14, 2018 relating to the Class B Common Stock, par value $.01 of Straight Path Communications, Inc. shall be filed on behalf of the undersigned.
| February 14, 2018 | ||
| (Date) | ||
| TIG Advisers, LLC | ||
| By: | /s/ Michael Tiedemann | |
| Michael Tiedemann, Managing Member | ||
| /s/ Michael Tiedemann | ||
| Michael Tiedemann | ||
EXHIBIT B
TIG Advisors, LLC is the relevant entity for which Michael Tiedemann may be considered a control person.