United States

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)*

 

 

TPI Composites, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

87266J104

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

CUSIP No. 87266J104   Schedule 13G   Page  2  of 8

 

  1    

Names of Reporting Persons

 

Angeleno Investors II, L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐         (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of   Shares   Beneficially   Owned by   Each   Reporting   Person  

With  

       5     

Sole Voting Power

 

0

       6   

Shared Voting Power

 

1,398,243

       7   

Sole Dispositive Power

 

0

       8   

Shared Dispositive Power

 

1,398,243

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,398,243

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

4.0%

12  

Type of Reporting Person

 

    PN              

CUSIP No. 87266J104   Schedule 13G   Page  3  of 8

 

  1     

Names of Reporting Persons

 

Angeleno Group Management II, LLC

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of   Shares   Beneficially   Owned by   Each   Reporting   Person  

With  

       5     

Sole Voting Power

 

0

       6   

Shared Voting Power

 

1,398,243

       7   

Sole Dispositive Power

 

0

       8   

Shared Dispositive Power

 

1,398,243

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,398,243

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

    4.0%          
12  

Type of Reporting Person

 

OO (Limited Liability Company)

CUSIP No. 87266J104   Schedule 13G   Page  4  of 8

 

  1     

Names of Reporting Persons

 

Angeleno Group, LLC

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of  

Shares   Beneficially   Owned by   Each  

Reporting  

Person  

With  

       5     

Sole Voting Power

 

0

       6   

Shared Voting Power

 

1,398,243

       7   

Sole Dispositive Power

 

0

       8   

Shared Dispositive Power

 

1,398,243

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,398,243

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

    4.0%          
12  

Type of Reporting Person

 

OO (Limited Liability Company)

CUSIP No. 87266J104   Schedule 13G   Page  5  of 8

 

ITEM 1.       (a)

Name of Issuer:

TPI Composites, Inc. (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

8501 N. Scottsdale Rd. Gainey Center II, Suite 100, Scottsdale, Arizona 85253

 

ITEM 2.       (a)

Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

Angeleno Investors II, L.P.

Angeleno Group Management II, LLC

Angeleno Group, LLC

 

  (b)

Address or Principal Business Office:

The business address of the Reporting Persons is 2029 Century Park East, Suite 2980, Los Angeles, California 90067.

 

  (c)

Citizenship of each Reporting Person is:

Each of the Reporting Persons is organized in the state of Delaware.

 

  (d)

Title of Class of Securities:

Common stock, par value $0.01 per share, (“Common Stock”).

 

  (e)

CUSIP Number:

87266J104

 

ITEM 3.

Not applicable.

CUSIP No. 87266J104   Schedule 13G   Page  6  of 8

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of December 31, 2019, based upon 35,180,706 shares of Common Stock outstanding as of October 31, 2019.

 

Reporting Person

   Amount
beneficially
owned 		   Percent
of class: 		   Sole power
to vote or
to direct
the vote: 		   Shared
power to
vote or
to direct
the vote: 		   Sole power to
dispose or to
direct the
disposition of: 		   Shared
power to
dispose or
to direct the
disposition of:

Angeleno Investors II, L.P.

   1,398,243    4.0%    0    1,398,243    0    1,398,243

Angeleno Group Management II, LLC

   1,398,243    4.0%    0    1,398,243    0    1,398,243

Angeleno Group, LLC

   1,398,243    4.0%    0    1,398,243    0    1,398,243

Angeleno Investors II, L.P. is the record holder of the shares of Common Stock reflected in the table above. Angeleno Group Management II, LLC is the general partner of Angeleno Investors II, L.P. Angeleno Group, LLC is the managing member of Angeleno Group Management II, LLC.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  ☒

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.

CUSIP No. 87266J104   Schedule 13G   Page  7  of 8

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:    February 10, 2020

 

ANGELENO INVESTORS II, L.P.
By: Angeleno Group Management II, LLC, its general partner
By: Angeleno Group, LLC, its managing member
By:   /s/ Yaniv Tepper
Name:   Yaniv Tepper
Title:   Member
ANGELENO GROUP MANAGEMENT II, LLC
By: Angeleno Group, LLC, its managing member
By:   /s/ Yaniv Tepper
Name:   Yaniv Tepper
Title:   Member
ANGELENO GROUP, LLC
By:   /s/ Yaniv Tepper
Name:   Yaniv Tepper
Title:   Member

CUSIP No. 87266J104   Schedule 13G   Page  8  of 8

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

99

   Joint Filing Agreement (incorporated by reference to Exhibit 99 to the Schedule 13G filed by the Reporting Persons on February 13, 2017).
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