Filing Details
- Accession Number:
- 0000905148-20-000879
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-08-11 17:13:16
- Reporting Period:
- 2020-08-07
- Accepted Time:
- 2020-08-11 17:13:16
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1555039 | Front Yard Residential Corp | RESI | Real Estate (6500) | 460633510 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1655028 | Deer Park Road Management Company, Lp | 1195 Bangtail Way Steamboat Springs CO 80487 | No | No | No | No | |
| 1702367 | Deer Park Road Management Gp, Llc | 1195 Bangtail Way Steamboat Springs CO 80487 | No | No | No | No | |
| 1702490 | Deer Park Road Corp | 1195 Bangtail Way Steamboat Springs CO 80487 | No | No | No | No | |
| 1702931 | Michael Craig-Scheckman | 1195 Bangtail Way Steamboat Springs CO 80487 | No | No | No | No | |
| 1721438 | Edward Scott Burg | 1195 Bangtail Way Steamboat Springs CO 80487 | No | No | No | No | |
| 1721440 | Agatecreek Llc | 1195 Bangtail Way Steamboat Springs CO 80487 | No | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-08-07 | 50,000 | $9.03 | 7,458,569 | No | 4 | P | Indirect | See footnotes |
| Common Stock | Acquisiton | 2020-08-07 | 73,925 | $9.01 | 7,532,494 | 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
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Call Option (Right to Buy) | Acquisiton | 2020-08-07 | 10,000 | $75.00 | 1,000,000 | $10.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,000 | 2020-08-07 | 2020-12-18 | No | 4 | P | Indirect |
Footnotes
- These shares of the Issuer's common stock ("Shares") and options to acquire Shares are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP ("Deer Park") serves as investment adviser to STS Master Fund, Ltd.
- Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- This price reflects the weighted average price for open-market purchases of Shares made by the Reporting Persons on August 7, 2020 within a $1.00 range. The actual prices for these transactions range between $8.94 to $9.03, inclusive. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price reported herein.
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