Filing Details
- Accession Number:
- 0000921895-18-002864
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-10-26 17:03:34
- Reporting Period:
- 2018-10-24
- Accepted Time:
- 2018-10-26 17:03:34
- SEC Url:
- Form 4 Filing
Issuer
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1616882 | Alden Global Capital Llc | 885 Third Avenue, 34Th Floor New York NY 10022 | No | No | Yes | No | |
| 1688150 | Strategic Investment Opportunities Llc | 885 Third Avenue, 34Th Floor New York NY 10022 | No | No | Yes | No | |
| 1693074 | Heath Freeman | 885 Third Avenue, 34Th Floor New York NY 10022 | Yes | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2018-10-24 | 195,000 | $2.64 | 11,765,000 | No | 4 | P | Indirect | By Strategic Investment Opportunities LLC |
| Class A Common Stock | Acquisiton | 2018-10-25 | 195,000 | $2.49 | 11,960,000 | No | 4 | P | Indirect | By Strategic Investment Opportunities LLC |
| Class A Common Stock | Acquisiton | 2018-10-26 | 195,000 | $2.50 | 12,155,000 | No | 4 | P | Indirect | By Strategic Investment Opportunities LLC |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | By Strategic Investment Opportunities LLC |
| No | 4 | P | Indirect | By Strategic Investment Opportunities LLC |
| No | 4 | P | Indirect | By Strategic Investment Opportunities LLC |
Footnotes
- This Form 4 is filed jointly by Strategic Investment Opportunities LLC ("Opportunities"), Alden Global Capital LLC ("Alden") and Heath Freeman (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Class A Common Stock ("Common Stock"). Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
- Shares of Common Stock owned directly by Opportunities. Alden, as the investment manager of Opportunities, may be deemed to beneficially own the shares of Common Stock owned directly by Opportunities. Mr. Freeman, as President of Alden, may be deemed to beneficially own the shares of Common Stock owned directly by Opportunities.
Billionaire Hedge Funds
