4//SEC Filing
Axelrod Andrew 4
Accession 0000902664-19-004109
CIK 0001286131other
Filed
Oct 28, 8:00 PM ET
Accepted
Oct 29, 7:30 PM ET
Size
13.1 KB
Accession
0000902664-19-004109
Insider Transaction Report
Form 4
AXAR CAPITAL MANAGEMENT L.P.
10% Owner
Transactions
- Award
Series A Preferred Units
2019-10-25$1.20/sh−1,921,315$2,305,578→ 37,843,177 total(indirect: See footnotes) - Award
Series A Preferred Units
2019-10-25+37,843,177→ 37,843,177 total(indirect: See footnotes)→ Common Units (37,843,177 underlying)
Axelrod Andrew
10% Owner
Transactions
- Award
Series A Preferred Units
2019-10-25$1.20/sh−1,921,315$2,305,578→ 37,843,177 total(indirect: See footnotes) - Award
Series A Preferred Units
2019-10-25+37,843,177→ 37,843,177 total(indirect: See footnotes)→ Common Units (37,843,177 underlying)
Axar GP, LLC
10% Owner
Transactions
- Award
Series A Preferred Units
2019-10-25+37,843,177→ 37,843,177 total(indirect: See footnotes)→ Common Units (37,843,177 underlying) - Award
Series A Preferred Units
2019-10-25$1.20/sh−1,921,315$2,305,578→ 37,843,177 total(indirect: See footnotes)
Footnotes (5)
- [F1]1,921,315 Series A Preferred Units were redeemed by the Company in accordance with their terms as set forth in the Issuer's Third Amended and Restated Agreement of Limited Partnership, dated as of June 27, 2019 (the "LPA"). In addition, upon the consummation of the Rights Offering (as defined in the LPA) the remaining Series A Preferred Units became derivative securities as the Series A Preferred Units become convertible into Common Units beginning on the 10th day following the completion of the Rights Offering.
- [F2]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 Series A Preferred 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.
- [F3]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.
- [F4]Each Series A Preferred Unit is convertible into one Common Unit (i) at the option of the holder thereof beginning on the 10th day following the completion of the Rights Offering and (ii) automatically upon the consummation of the C-Corporation Conversion (as defined in the LPA).
- [F5]Upon the consummation of the Rights Offering, the Series A Preferred Units reported in Table I hereof became derivative securities as the Series A Preferred Units become convertible into Common Units beginning on the 10th day following the completion of the Rights Offering.
Documents
Issuer
STONEMOR PARTNERS LP
CIK 0001286131
Entity typeother
Related Parties
1- filerCIK 0001673921
Filing Metadata
- Form type
- 4
- Filed
- Oct 28, 8:00 PM ET
- Accepted
- Oct 29, 7:30 PM ET
- Size
- 13.1 KB