Home > Insider Trading > Filing (0001104659-12-004715)

Filing Details

Accession Number:: 0001104659-12-004715
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-01-27 17:27:38
Reporting Period:: 2012-01-25

Filing Date:: 2012-01-27
Accepted Time:: 2012-01-27 17:27:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1498710	Spirit Airlines Inc.	SAVE	Air Transportation, Scheduled (4512)	381747023

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1403530	Oaktree Capital I, L.p.	C/O Oaktree Capital Management, L.p. 333 South Grand Ave., 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1407178	Ocm Holdings I, Llc	C/O Oaktree Capital Management, L.p. 333 South Grand Ave., 28Th Floor Los Angeles CA 90071	Yes	No	Yes	No
1407181	Oaktree Holdings, Llc	C/O Oaktree Capital Management, L.p. 333 South Grand Ave., 28Th Floor Los Angeles CA 90071	Yes	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, Par Value Of $0.0001 Per Share	Disposition	2012-01-25	9,437,966	$13.96	13,017,261	No	4	S	Indirect	See footnotes

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

Footnotes

On Jauary 25, 2012, OCM Spirit Holdings III-A, LLC ("Holdings III-A") sold 7,210,741 shares of Common Stock of the Issuer, POF Spirit Domestic Holdings, LLC ("POF Domestic Holdings") sold 2,035,764 shares of Common Stock of the Issuer, and POF Spirit Foreign Holdings, LLC ("POF Foreign Holdings" and together with Holdings III-A and POF Domestic Holdings, the "Oaktree Entities") sold 191,461 shares of Common Stock of the Issuer, pursuant to the Underwriting Agreement, dated as of January 19, 2012, among the Issuer, Barclays Capital Inc., Morgan Stanley & Co. LLC and Citigroup Global Markets, Inc. as representatives of the underwriters, and the selling stockholders named on Schedule I thereto, including the Oaktree Entities (the "Sale").
After giving effect to the Sale, (a) Holdings III-A directly owns 9,945,375 shares of Common Stock, (b) Domestic Holdings directly owns 2,807,815 shares of Common Stock and (c) Foreign Holdings directly owns 264,071 shares of Common Stock. This Form 4 is being filed by (i) Oaktree Capital Group Holdings GP, LLC ("OCGH GP") in its capacity as the general partner of Oaktree Capital Group Holdings, L.P. ("OCGH LP"), (ii) OCGH LP, in its capacity as the majority holder of the voting units of Oaktree Capital Group, LLC ("OCG"), (iii) OCG, in its capacity as sole shareholder of Oaktree Holdings, Inc. ("OHI") and managing member of Oaktree Holdings, LLC, (iv) OHI, in its capacity as general partner of Oaktree Capital Management, L.P. ("Capital Management"), (v) Capital Management, in its capacity as manager of the Oaktree Entities, (vi) OCM Principal Opportunities Fund II, L.P. ("POF II"), as a member of the Oaktree Entities,
(vii) OCM Principal Opportunities Fund III, L.P. ("POF III"), as a member of the Oaktree Entities, (viii) OCM Principal Opportunities Fund III GP, L.P. ("Fund III GP"), as general partner of POF III, (ix) Oaktree Fund GP I, L.P. ("Oaktree GP"), as general partner of Fund III GP and POF II, (x) Oaktree Capital I, L.P. ("Oaktree LP"), as general partner of Oaktree GP, (xi) OCM Holdings I, LLC ("OCM Holdings"), as general partner of Oaktree LP, and (xii) Oaktree Holdings, LLC, as managing member of OCM Holdings ("OHL" and together with OCGH GP, OCGH LP, OCG, OHI, Capital Management, POF II, POF III, Fund III GP, Oaktree GP, Oaktree LP, and OCM Holdings, collectively the "Reporting Persons").
Following the Sale, POF II has an indirect beneficial interest in 4,818,191 shares of Common Stock of the Issuer, which is less than 10% of the outstanding shares of Common Stock of the Issuer, and POF III and Fund III GP have an indirect beneficial interest in 8,199,071 shares of Common Stock of the Issuer. Each of the other Reporting Person may be deemed to have a beneficial interest in an aggregate of 13,017,261 shares of Common Stock that are directly owned by Oaktree Entities.
Information with respect to each Reporting Person is given solely by such Reporting Person, and no such Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each Reporting Person disclaims beneficial ownership of all shares reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any shares covered by this Form 4.
OCGH GP is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A. Karsh, John B. Frank, David M. Kirchheimer, Sheldon M. Stone, Larry W. Keele, Stephen A. Kaplan and Kevin L. Clayton (the "OCGH GP Members"). In such capacity, the OCGH GP Members may be deemed indirect beneficial owners of the securities reported herein. Except to the extent of their respective pecuniary interest, each OCGH GP Member disclaims beneficial ownership of the securities reported herein and the filing of this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this Form 4.