Home > Insider Trading > Filing (0001405086-14-000035)

Filing Details

Accession Number:: 0001405086-14-000035
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-02-04 17:36:13
Reporting Period:: 2014-01-31

Filing Date:: 2014-02-04
Accepted Time:: 2014-02-04 17:36:13
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
716006	Yrc Worldwide Inc.	YRCW	Trucking (No Local) (4213)	480948788

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1259927	Marc Lasry	C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1317338	Avenue Capital Management Ii, L.p.	399 Park Avenue 6Th Fl New York NY 10022	No	No	Yes	No
1389850	Avenue Capital Management Ii Genpar, Llc	C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-01-31	191,325	$0.00	191,325	No	4	C	Indirect	SEE FOOTNOTE
Common Stock	Acquisiton	2014-01-31	83,709	$0.00	83,709	No	4	C	Indirect	SEE FOOTNOTE
Common Stock	Acquisiton	2014-01-31	520,944	$0.00	520,944	No	4	C	Indirect	SEE FOOTNOTE
Common Stock	Acquisiton	2014-01-31	10,478	$0.00	10,478	No	4	C	Indirect	SEE FOOTNOTE
Common Stock	Acquisiton	2014-01-31	949,303	$15.00	1,140,628	No	4	P	Indirect	SEE FOOTNOTE
Common Stock	Acquisiton	2014-01-31	399,586	$15.00	483,295	No	4	P	Indirect	SEE FOOTNOTE
Common Stock	Acquisiton	2014-01-31	1,877,683	$15.00	2,398,627	No	4	P	Indirect	SEE FOOTNOTE
Common Stock	Acquisiton	2014-01-31	52,086	$15.00	62,564	No	4	P	Indirect	SEE FOOTNOTE
Common Stock	Acquisiton	2014-01-31	854,675	$15.00	854,675	No	4	P	Indirect	SEE FOOTNOTE

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	SEE FOOTNOTE
No	4	C	Indirect	SEE FOOTNOTE
No	4	C	Indirect	SEE FOOTNOTE
No	4	C	Indirect	SEE FOOTNOTE
No	4	P	Indirect	SEE FOOTNOTE
No	4	P	Indirect	SEE FOOTNOTE
No	4	P	Indirect	SEE FOOTNOTE
No	4	P	Indirect	SEE FOOTNOTE
No	4	P	Indirect	SEE FOOTNOTE

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	10% Series B Convertible Senior Secured Notes due in 2015	Disposition	2014-01-31	0	$0.00	191,325	$0.00
Common Stock	10% Series B Convertible Senior Secured Notes due in 2015	Disposition	2014-01-31	0	$0.00	83,709	$0.00
Common Stock	10% Series B Convertible Senior Secured Notes due in 2015	Disposition	2014-01-31	0	$0.00	520,944	$0.00
Common Stock	10% Series B Convertible Senior Secured Notes due in 2015	Disposition	2014-01-31	0	$0.00	10,478	$0.00
Common Stock	Class A Convertible Preferred Stock	Acquisiton	2014-01-31	133,974	$0.00	535,896	$0.00
Common Stock	Class A Convertible Preferred Stock	Acquisiton	2014-01-31	56,393	$0.00	225,572	$0.00
Common Stock	Class A Convertible Preferred Stock	Acquisiton	2014-01-31	264,996	$0.00	1,059,984	$0.00
Common Stock	Class A Convertible Preferred Stock	Acquisiton	2014-01-31	7,351	$0.00	29,404	$0.00
Common Stock	Class A Convertible Preferred Stock	Acquisiton	2014-01-31	120,620	$0.00	482,480	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2011-09-16	2015-03-31	No	4	C	Indirect
0	2011-09-16	2015-03-31	No	4	C	Indirect
0	2011-09-16	2015-03-31	No	4	C	Indirect
0	2011-09-16	2015-03-31	No	4	C	Indirect
133,974			No	4	P	Indirect
56,393			No	4	P	Indirect
263,996			No	4	P	Indirect
7,351			No	4	P	Indirect
120,620			No	4	P	Indirect

Footnotes

These shares of common stock, par value $0.01 per share (the "Common Stock"), of YRC Worldwide Inc. (the "Issuer") are held directly by Avenue International Master, L.P., a Cayman Islands exempted limited partnership ("Avenue International"). Avenue International Master GenPar, Ltd., a Cayman Islands exempted company ("Avenue International GenPar"), is the general partner of Avenue International. Avenue Partners, LLC, a New York limited liability company ("Avenue Partners"), is a shareholder of Avenue International GenPar. Avenue Capital Management II, L.P., a Delaware limited partnership ("Avenue Capital Management II"), is an investment adviser to Avenue International. Avenue Capital Management II GenPar, LLC, a Delaware limited liability company ("Genpar"), is the general partner of Avenue Capital Management II. Marc Lasry ("Lasry") is the managing member of Avenue Partners and GenPar.(See footnote #2 for continuation.)
Continuation of Footnote #1 - In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
These shares of Common Stock are held directly by Avenue Investments, L.P., a Delaware limited partnership ("Avenue Investments"). Avenue Partners is the general partner of Avenue Investments. Avenue Capital Management II is an investment adviser to Avenue Investments. Genpar is the general partner of Avenue Capital Management II. Lasry is the managing member of Avenue Partners and GenPar. In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
These shares of Common Stock of are held directly by Avenue Special Situations Fund VI (Master), L.P., a Delaware limited partnership ("Avenue Spec VI"). Avenue Capital Partners VI, LLC, a Delaware limited liability company ("Avenue Capital VI"), is the general partner of Avenue Spec VI. GL Partners VI, LLC, a Delaware limited liability company ("GL VI"), is the managing member of Avenue Capital VI. Avenue Capital Management II is an investment adviser to Avenue Spec VI. Genpar is the general partner of Avenue Capital Management II. Lasry is the managing member of GL VI and GenPar. In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
These shares of Common Stock are held directly by Managed Accounts Master Fund Services - MAP 10 ("MAP 10"). Avenue Capital Management II is an investment adviser to MAP 10. Genpar is the general partner of Avenue Capital Management II. Lasry is the managing member of GenPar. In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
These shares of Common Stock are held directly by Avenue Special Opportunities Fund I, L.P., a Delaware limited partnership ("Avenue Special Opportunities"). Avenue SO Capital Partners I, LLC, a Delaware limited liability company ("Avenue SO Capital Partners") is the general partner of Avenue Special Opportunities. GL SO Partners I, LLC, a Delaware limited liability company ("GL SO Partners I") is the managing member of Avenue SO Capital Partners. Avenue Capital Management II is an investment adviser to Avenue Special Opportunities. Genpar is the general partner of Avenue Capital Management II. Lasry is the managing member of GL SO Partners I and GenPar. (See Footnote #7 for continuation.)
Continuation of Footnote #6 - In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
The 10% Series B Convertible Senior Secured Notes due 2015 (the "Series B Notes") were converted into shares of Common Stock in accordance with their terms at a conversion price of $16.01.
The Series A Convertible Preferred Stock (the "Convertible Preferred") was purchased pursuant to that certain Stock Purchase Agreement, by and between Avenue International, Avenue Investments, Avenue Spec VI, MAP 10 and Avenue Special Opportunities Fund I, L.P. (collectively, the "Avenue Purchasers") and the Issuer, dated December 22, 2013 (as amended, the "Stock Purchase Agreement") at a purchase price of $60 per share. Each share of Convertible Preferred is initially convertible (subject to the limitations set forth in the Certificate of Designations of the Series A Preferred Stock and as described in that certain Schedule 13D/A filed by the Reporting Persons on the date hereof) into four (4) shares of Common Stock. The Convertible Preferred does not expire and is not redeemable by the Issuer.
The filing of this Form 4 shall not be construed as an admission that Avenue Capital Management II or Lasry (together, the "Controlling Persons") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Common Stock or Series B Notes of the Company held by Avenue International, Avenue Investments, Avenue Spec VI, MAP 10 or Avenue Special Opportunities. Pursuant to Rule 16a-1, the Controlling Persons disclaim such beneficial ownership except to the extent of their pecuniary interest therein.