Filing Details
- Accession Number:
- 0001181431-13-029344
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-05-21 14:17:35
- Reporting Period:
- 2013-05-20
- Filing Date:
- 2013-05-21
- Accepted Time:
- 2013-05-21 14:17:35
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 878560 | Standard Pacific Corp | SPF | Operative Builders (1531) | 330475989 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1178798 | Matlinpatterson Llc | C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue New York NY 10022 | No | No | Yes | No | |
| 1251956 | J David Matlin | C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue New York NY 10022 | Yes | No | Yes | No | |
| 1251957 | R Mark Patterson | C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue New York NY 10022 | No | No | Yes | No | |
| 1251960 | Matlinpatterson Pe Holdings Llc | C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue New York NY 10022 | No | No | Yes | No | |
| 1251962 | Matlinpatterson Global Advisers Llc | 520 Madison Avenue New York NY 10022 | No | No | Yes | No | |
| 1403831 | Matlinpatterson Global Opportunities Partners (Cayman) Iii Lp | C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue New York NY 10022 | No | No | Yes | No | |
| 1403833 | Matlinpatterson Global Opportunities Partners Iii Lp | C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue New York NY 10022 | No | No | Yes | No | |
| 1431799 | Matlinpatterson Global Partners Iii Llc | C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue New York NY 10022 | No | No | Yes | No | |
| 1439030 | Mp Ca Homes Llc | C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue New York NY 10022 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2013-05-20 | 23,000,000 | $9.50 | 66,400,000 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2013-05-20 | 60,000,000 | $3.05 | 126,400,000 | No | 4 | C | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | C | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Series B Junior Participating Convertible Preferred Stock | Disposition | 2013-05-20 | 183,000 | $0.00 | 60,000,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 267,829 | 2008-08-18 | No | 4 | C | Direct |
Footnotes
- MP CA Homes LLC was the direct owner of 89,400,000 shares of Common Stock and 450,829 shares of Series B Junior Participating Convertible Preferred Stock ("Junior Convertible Preferred Stock"). On May 20, 2013, MP CA Homes LLC sold 23,000,000 shares of Common Stock and also converted 183,000 shares of Junior Convertible Preferred Stock into 60,000,000 shares of Common Stock. MatlinPatterson Global Opportunities Partners III L.P. and MatlinPatterson Global Opportunities Partners (Cayman) III L.P. (together, "the Funds"), hold 100 percent of the membership interests in MP CA Homes LLC. MatlinPatterson Global Partners III LLC (the "General Partner") is the general partner of the Funds. MatlinPatterson Global Advisers LLC (the "Adviser") is the investment adviser to the Funds. MatlinPatterson PE Holdings LLC holds 100 percent of the voting interest and equity of the Adviser and the General Partner. (Continued in footnote 2)
- MatlinPatterson LLC holds 100 percent of the equity of MatlinPatterson PE Holdings LLC. Other than MP CA Homes LLC, each of the foregoing reporting persons disclaims beneficial ownership of the shares held by MP CA Homes LLC, except to the extent that such reporting person holds an indirect pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- David J. Matlin and Mark R. Patterson are employees of the Adviser and each hold 50 percent of the membership interests in MatlinPatterson LLC. David J. Matlin and Mark R. Patterson may be deemed to have shared voting and investment control over the shares of the Issuer held by MP CA Homes LLC. They also have indirect pecuniary interests in the Funds. Their exact pecuniary interests therein are not readily determinable because they are subject to several variables, including without limitation, the internal rates of return of the Funds overall with respect to their indirect investment in the Issuer. David J. Matlin and Mark R. Patterson disclaim beneficial ownership of any of the reported securities except to the extent of their pecuniary interest therein.
- Each share of Junior Convertible Preferred Stock is convertible into such number of shares of Common Stock of the Issuer equal to $1,000 divided by the applicable conversion price of the Junior Convertible Preferred Stock ($3.05 as of the date hereof, subject to anti-dilution adjustment); provided that upon such conversion the holder thereof cannot own more than 49% of the total voting power of the voting stock of the Issuer.
- The Junior Convertible Preferred Stock has no expiration date.
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