4//SEC Filing
AXAR CAPITAL MANAGEMENT L.P. 4
Accession 0000902664-22-004762
CIK 0001753886other
Filed
Nov 6, 7:00 PM ET
Accepted
Nov 7, 4:00 PM ET
Size
14.7 KB
Accession
0000902664-22-004762
Insider Transaction Report
Form 4
Stonemor Inc.STON
Axar GP, LLC
Director10% OwnerOther
Transactions
- Award
Common Stock, par value $0.01 (Common Stock)
2022-11-03$3.50/sh−88,633,045$310,215,658→ 0 total(indirect: See footnote) - OtherSwap
Equity Swaps (obligation to buy)
2022-11-03−1,536,717→ 0 total(indirect: See footnote)→ Common Stock (1,536,717 underlying) - Award
Restricted Phantom Common Stock
2022-11-03$3.50/sh−9,174.31$32,110→ 0 total→ Common Stock (9,174.31 underlying)
Axelrod Andrew
Director10% Owner
Transactions
- Award
Common Stock, par value $0.01 (Common Stock)
2022-11-03$3.50/sh−88,633,045$310,215,658→ 0 total(indirect: See footnote) - OtherSwap
Equity Swaps (obligation to buy)
2022-11-03−1,536,717→ 0 total(indirect: See footnote)→ Common Stock (1,536,717 underlying) - Award
Restricted Phantom Common Stock
2022-11-03$3.50/sh−9,174.31$32,110→ 0 total→ Common Stock (9,174.31 underlying)
AXAR CAPITAL MANAGEMENT L.P.
Director10% OwnerOther
Transactions
- Award
Common Stock, par value $0.01 (Common Stock)
2022-11-03$3.50/sh−88,633,045$310,215,658→ 0 total(indirect: See footnote) - OtherSwap
Equity Swaps (obligation to buy)
2022-11-03−1,536,717→ 0 total(indirect: See footnote)→ Common Stock (1,536,717 underlying) - Award
Restricted Phantom Common Stock
2022-11-03$3.50/sh−9,174.31$32,110→ 0 total→ Common Stock (9,174.31 underlying)
Footnotes (4)
- [F1]As described in the Schedule 13D/A filed by the Reporting Persons with the Securities and Exchange Commission on the date hereof (the "Schedule 13D/A"), on November 3, 2022, the Merger was consummated and all the shares of Common Stock held by the Reporting Persons were contributed pursuant to the terms of the Contribution Agreement. At the Effective Time, shareholders of the Issuer ceased to have any rights with respect to shares of the Common Stock, except their rights under the Merger Agreement. Capitalized terms used but not defined in this Form 4 shall have the meaning set forth in the Schedule 13D/A.
- [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 securities 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]Settlement of cash settled equity swaps with reference prices ranging from $3.1227 to $7.5565. The cash settled equity swaps were settled pursuant to their terms. The swaps were exercisable at any time and had an expiration date of June 20, 2025. The notional shares settled under the swap contract were settled at a settlement price of $3.50.
- [F4]This award of restricted phantom Common Stock was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $32,110.09, representing the cash merger consideration.
Documents
Issuer
Stonemor Inc.
CIK 0001753886
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001650781
Filing Metadata
- Form type
- 4
- Filed
- Nov 6, 7:00 PM ET
- Accepted
- Nov 7, 4:00 PM ET
- Size
- 14.7 KB