4//SEC Filing
Beltzman Daniel Gordon 4
Accession 0001062993-17-004077
CIK 0001040719other
Filed
Sep 7, 8:00 PM ET
Accepted
Sep 8, 4:57 PM ET
Size
18.7 KB
Accession
0001062993-17-004077
Insider Transaction Report
Form 4
Beltzman Daniel Gordon
10% Owner
Transactions
- Award
Restricted Stock Units
2017-09-06+90,278→ 90,278 total→ Common Stock (90,278 underlying) - Exercise/Conversion
Restricted Stock Units
2017-09-06−90,278→ 0 total→ Common Stock (90,278 underlying) - Exercise/Conversion
Common Stock
2017-09-06+90,278→ 125,960.41 total
Holdings
- 3,500,000(indirect: By Pike BRC, LP)
Common Stock
- 974,587(indirect: By Birch Run Capital Partners, LP)
Common Stock
- 3,000,000(indirect: By Walloon BRC, LP)
Common Stock
Smith Gregory Howard
10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-09-06−90,278→ 0 total→ Common Stock (90,278 underlying) - Award
Restricted Stock Units
2017-09-06+90,278→ 90,278 total→ Common Stock (90,278 underlying) - Exercise/Conversion
Common Stock
2017-09-06+90,278→ 125,960.41 total
Holdings
- 3,000,000(indirect: By Walloon BRC, LP)
Common Stock
- 974,587(indirect: By Birch Run Capital Partners, LP)
Common Stock
- 3,500,000(indirect: By Pike BRC, LP)
Common Stock
Birch Run Capital, LLC
10% Owner
Transactions
- Exercise/Conversion
Common Stock
2017-09-06+90,278→ 125,960.41 total - Exercise/Conversion
Restricted Stock Units
2017-09-06−90,278→ 0 total→ Common Stock (90,278 underlying) - Award
Restricted Stock Units
2017-09-06+90,278→ 90,278 total→ Common Stock (90,278 underlying)
Holdings
- 3,500,000(indirect: By Pike BRC, LP)
Common Stock
- 974,587(indirect: By Birch Run Capital Partners, LP)
Common Stock
- 3,000,000(indirect: By Walloon BRC, LP)
Common Stock
BRC Advisors GP, LLC
10% Owner
Transactions
- Award
Restricted Stock Units
2017-09-06+90,278→ 90,278 total→ Common Stock (90,278 underlying) - Exercise/Conversion
Restricted Stock Units
2017-09-06−90,278→ 0 total→ Common Stock (90,278 underlying) - Exercise/Conversion
Common Stock
2017-09-06+90,278→ 125,960.41 total
Holdings
- 974,587(indirect: By Birch Run Capital Partners, LP)
Common Stock
- 3,500,000(indirect: By Pike BRC, LP)
Common Stock
- 3,000,000(indirect: By Walloon BRC, LP)
Common Stock
Footnotes (5)
- [F1]The Reporting Person, Daniel Beltzman, was awarded a grant of 90,278 restricted stock units (RSUs) of Walter Investment Management Corp. (the "Issuer") pursuant to the Issuer's 2017 Omnibus Incentive Plan. The RSUs convert into Common Stock on a one-for-one basis. The RSUs vest and are settled immediately upon grant. Following the award, Mr. Beltzman directly holds 125,960.41 shares of common stock of the Issuer for which he exercises sole voting and dispositive power.
- [F2]These securities are held directly by Birch Run Capital Partners, L.P., Walloon BRC, L.P. and Pike BRC, L.P. (collectively, "the Funds"). As of the date of this filing: Birch Run Capital Partners, L.P. directly holds 974,587 shares of common stock of the Issuer; Walloon BRC, L.P. directly holds 3,000,000 shares of common stock of the Issuer; and Pike BRC, L.P. directly holds of 3,500,000 shares of common stock of the Issuer.
- [F3]Birch Run Capital GP, L.L.C. serves as the General Partner to Birch Run Capital Partners, L.P., Walloon BRC GP, L.L.C. serves as the General Partner to Walloon BRC, L.P. and Pike BRC GP, L.L.C. serves as the General Partner to Pike BRC, L.P. (collectively, "the General Partners"). Daniel Beltzman and Gregory Smith are the Co-Managing Members of the General Partners. As owners of the General Partners to the Funds, Messrs. Beltzman and Smith may share in an allocation of the profits of the Funds.
- [F4]Birch Run Capital Advisors, L.P. (the "Adviser") serves as the Investment Adviser to the Funds. Pursuant to management agreements among the Adviser, the Funds, and their respective general partners, the Adviser has complete and unlimited discretion and authority with respect to the Funds' investments and voting power over investments. In connection with the services provided by the Adviser, the Adviser receives an asset-based management fee that does not confer any pecuniary interest in the securities held by the Funds. BRC Advisors GP, L.L.C. ("Adviser GP") is the General Partner to the Adviser. Daniel Beltzman and Gregory Smith are the Limited Partners of the Adviser and the Co-Managing Members of the Adviser GP. The Adviser, the Adviser GP, Daniel Beltzman and Gregory Smith may be deemed to share voting and dispositive power over the reported securities.
- [F5]Each of the Adviser, the Adviser GP, Daniel Beltzman, and Gregory Smith disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any such reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
Issuer
WALTER INVESTMENT MANAGEMENT CORP
CIK 0001040719
Entity typeother
Related Parties
1- filerCIK 0001550099
Filing Metadata
- Form type
- 4
- Filed
- Sep 7, 8:00 PM ET
- Accepted
- Sep 8, 4:57 PM ET
- Size
- 18.7 KB