Filing Details

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FEDERAL STREET ACQUISITION CORP.

(Name of Issuer)

CLASS A COMMON STOCK, PAR VALUE $0.0001 PER SHARE

(Title of Class of Securities)

31421V107

(CUSIP Number)

DECEMBER 31, 2017

(Date of Event Which Requires Filing of this Statement)

 

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1	NAMES OF REPORTING PERSONS
	FS Sponsor LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a)☒
	(b)☐
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
			11,400,000(1)
		6	SHARED VOTING POWER
			0
		7	SOLE DISPOSITIVE POWER
			11,400,000(1)
		8	SHARED DISPOSITIVE POWER
			0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	11,400,000(1)
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)
	19.8%(2)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	OO

 

Item 1(a).

Name of Issuer

Federal Street Acquisition Corp. (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Offices

100 Federal Street, 35th Floor,

Boston, Massachusetts 02110

Item 2(a).

Name of Person Filing

FS Sponsor LLC (“FS Sponsor”)

Item 2(b).

Address of Principal Business Office or, if none, Residence

c/o Federal Street Acquisition Corp.,

100 Federal Street, 35th Floor,

Boston, Massachusetts 02110

Item 2(c).

Citizenship

Delaware.

Item 2(d).

Title of Class of Securities

Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”)

Item 2(e).

CUSIP Number

31421V107.

Item 3.

Not applicable

Item 4.

Ownership

Item 4(a).

Amount Beneficially Owned:

As of December 31, 2017, FS Sponsor may be deemed to beneficially own 11,400,000 shares of the Class F Common Stock which is automatically convertible into the Issuer’s Common Stock at the time of the Issuer’s initial business combination on a one-for-one basis, subject to adjustment, as more fully described under the heading “Description of Securities-Founder Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-21858). FS Sponsor’s shares of Class F Common Stock represent in the aggregate 19.8% of the Issuer’s total number of shares of Common Stock outstanding. The percentage of Common Stock held by FS Sponsor is calculated based on 11,500,000 shares of Class F Common Stock plus 46,000,000 shares of Class A Common Stock issuable upon conversion of shares of Class F Common Stock, in each case, outstanding as of November 8, 2017 and as disclosed in the Issuer’s Form 10-Q filed with the SEC on November 9, 2017.

Item 4(b).

Percent of Class

 

See Item 4(a) hereof

Item 4(c).

Number of Shares as to which Such Person has:

 

(i)

Sole power to vote or to direct the vote:

See Item 5 of the cover page

 

 

(iii)

Sole power to dispose or to direct the disposition of:

See Item 8 of the cover page

 

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 5 percent of the class of securities, check the following ☐.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

Not applicable.

Item 8.

Identification and Classification of Members of the Group

Not applicable.

Item 9.

Notice of Dissolution of Group

Not Applicable.

Item 10.

Certifications

Not Applicable.

 

SIGNATURE

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

Date: February 14, 2018

	FS SPONSOR LLC
	By:	/s/ Charles P. Holden
		Charles P. Holden, Attorney-in-Fact for FS Sponsor LLC

 

 

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