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Filing Details

Accession Number:: 0000902664-19-001287
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-02-25 17:07:38
Reporting Period:: 2019-02-21

Accepted Time:: 2019-02-25 17:07:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1286131	Stonemor Partners Lp	STON	Services-Personal Services (7200)	800103159

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1650781	L.p. Management Capital Axar	1330 Avenue Of The Americas 30Th Floor New York NY 10019	No	No	Yes	No
1673869	Axar Gp, Llc	1330 Avenue Of The Americas, 6Th Floor New York NY 10019	No	No	Yes	No
1673921	Andrew Axelrod	1330 Avenue Of The Americas, 6Th Floor New York NY 10019	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units	Acquisiton	2019-02-21	9,296	$3.59	7,514,091	No	4	P	Indirect	See footnotes
Common Units	Acquisiton	2019-02-22	2,158	$3.75	7,516,249	No	4	P	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Units Representing Limited Partnership Interests	Equity Swaps (obligation to buy)	Acquisiton	2019-02-21	2,346	$0.00	2,346	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,489,160			Yes	4	J	Indirect

Footnotes

This Form 4 is filed by Axar Capital Management, LP (the "Investment Manager"), Axar GP LLC ("GP") and Mr. Andrew Axelrod, with respect to the Common Units Representing Limited Partnership Interests (the "Common Units") held by certain funds and/or managed accounts (collectively, the "Axar Vehicles"). The Investment Manager serves as the investment manager of the Axar Vehicles. GP is the general partner of Investment Manager. Mr. Andrew Axelrod serves as the sole member of the GP.
Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein to the extent of his or its pecuniary interest therein, but disclaims beneficial ownership in excess of such amount; and pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.
On dates ranging from February 21, 2019 to February 22, 2019, the Reporting Person increased its equity swap position by 2,346 swaps at references prices ranging from $3.5902 to $3.7452. These cash-settled equity swaps can be settled at any time and shall continue until terminated as elected by the parties, and currently have an initial reference termination date of June 20, 2022. Upon settlement of the various swap agreements, either (i) the counterparty will pay to the Reporting Person in cash an amount determined in part by reference to any increase between the initial reference price and the market value of a notional number of Common Units on the applicable expiration date set set forth in Table II or (ii) the Reporting Person will pay to the counterparty in cash an amount determined in part by reference to any decrease between the initial reference price and the market value of the reference shares on the applicable expiration date listed in Table II.