WASHINGTON, D.C. 20549
(Amendment No. 1)*
Christopher D. Moore
Angelo, Gordon & Co, L.P.
Tel. No.: (212) 692-2009
2300 N. Field Street
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D/A, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check
the following box ◻
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, as amended (the “Act”), or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other provisions of the Act.
AMENDMENT NO. 1 TO SCHEDULE 13D
This Amendment No. 1 to Schedule 13D amends and supplements the Schedule 13D filed by (i) Angelo, Gordon & Co., L.P., a Delaware limited partnership (“Angelo Gordon”), (ii) AG Partners, L.P., a Delaware limited
partnership (“AG Partners), (iii) JAMG LLC, a Delaware limited liability company (“JAMG”) and (iv) Michael L. Gordon (collectively with Angelo Gordon, AG Partners and JAMG, the “Reporting Persons”) with the Securities and Exchange Commission (the
“SEC”) on September 9, 2019 (the “Schedule 13D”).
This Amendment No. 1 amends and supplements the Schedule 13D as specifically set forth herein.
All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in
all other items, as applicable.
Item 3 of the Schedule 13D is hereby amended and restated to read as follows:
The Reporting Persons purchased 4,899,998 shares of Common Stock on behalf of the Accounts in open market transactions through a broker using the working capital of the Accounts. The aggregate purchase
price of such shares of Common Stock purchased in the open market and directly held by the Accounts was approximately $14,586,230.
Purchases of some securities for certain Accounts were effected through margin accounts maintained with brokers, which may extend margin credit as and when required to open or carry positions in the
margin accounts, subject to applicable federal margin regulations, stock exchange rules and the brokers’ credit policies. In such instances, the positions held in the margin accounts may be pledged as collateral security for the repayment of debit
balances in the accounts of the Accounts.
One of the Accounts has borrowed pursuant to a subscription line maintained with a bank.
Item 5 of the Schedule 13D is hereby amended and restated to read as follows:
(a) - (b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference. Such information is based on 59,815,198 shares of Common Stock outstanding as of
May 4, 2020, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 8, 2020.
Angelo Gordon, in its capacity as investment manager to the Accounts, has sole power to vote 4,899,998 shares of Common Stock and the power to dispose of 4,899,998 shares of Common Stock held in the
Accounts. As the sole general partner of Angelo Gordon, AG Partners may be deemed to have the sole power to vote 4,899,998 shares of Common Stock and the power to dispose of 4,899,998 shares of Common Stock held in the Accounts. As the general
partner of AG Partners, JAMG may be deemed to have the sole power to vote 4,899,998 shares of Common Stock and the power to dispose of 4,899,998 shares of Common Stock held in the Accounts. As the managing member of JAMG and the chief executive
officer of Angelo Gordon, Michael L. Gordon may be deemed to have sole power to vote 4,899,998 shares of Common Stock and the power to dispose of 4,899,998 shares of Common Stock held in the Accounts.
(c) Transactions in the shares of Common Stock by the Reporting Persons during the last sixty days are listed in Annex A attached hereto, which is incorporated herein by reference.
(d) Not Applicable.
(e) Not Applicable.
|
ANGELO, GORDON & CO., L.P.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annex A
The following table sets forth all transactions by the Reporting Persons (on behalf of the Accounts) with respect to shares of Common Stock effected in the last 60 days, inclusive of any transactions
effected through 4:00 p.m., New York City time, on May 12, 2020. Except as otherwise noted below, all such transactions were purchases of Common Stock effected in the open market, and the table excludes commissions paid in per share prices.
(1) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.89 to $1.95, inclusive. The reporting persons undertake to provide to the staff of the Securities
and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2), (3), (4), (5), (6), (7) and (8).
(2) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.855 to $1.90, inclusive.
(3) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.85 to $1.90, inclusive.
(4) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.82 to $1.82, inclusive.
(5) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.892 to $1.90, inclusive.
(6) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.41 to $1.50, inclusive.
(7) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.325 to $1.45, inclusive.
(8) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.32 to $1.37, inclusive.