0000899140-15-000227.txt : 20150213 0000899140-15-000227.hdr.sgml : 20150213 20150213161311 ACCESSION NUMBER: 0000899140-15-000227 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20150213 DATE AS OF CHANGE: 20150213 GROUP MEMBERS: DANIEL S. LOEB SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ally Financial Inc. CENTRAL INDEX KEY: 0000040729 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 380572512 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88095 FILM NUMBER: 15614635 BUSINESS ADDRESS: STREET 1: MAIL CODE: 482-B09-C24 STREET 2: 200 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265 BUSINESS PHONE: 866-710-4623 MAIL ADDRESS: STREET 1: MAIL CODE: 482-B09-C24 STREET 2: 200 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265 FORMER COMPANY: FORMER CONFORMED NAME: GMAC INC. DATE OF NAME CHANGE: 20090701 FORMER COMPANY: FORMER CONFORMED NAME: GMAC LLC DATE OF NAME CHANGE: 20060720 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL MOTORS ACCEPTANCE CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Third Point LLC CENTRAL INDEX KEY: 0001040273 IRS NUMBER: 133922602 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 390 PARK AVENUE STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122247400 MAIL ADDRESS: STREET 1: 390 PARK AVENUE STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: THIRD POINT MANAGEMENT CO LLC DATE OF NAME CHANGE: 19970602 SC 13G 1 t13659027a.htm SCHEDULE 13G
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
 (Amendment No. __)*
Ally Financial Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
02005N100
(CUSIP Number)
December 31, 2014
(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 13d1(b)
  
 
☐
Rule 13d1(c)
  
 
☐
Rule 13d1(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 on 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 (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 (however, see the Notes).
 
 
 
 
 
CUSIP No.  02005N100 
 
 
13G
 
 
Page 2 of 8 Pages
 

1
NAME OF REPORTING PERSON
 
Third Point 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
 
26,000,000
 
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
26,000,000
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
26,000,000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.42%
12
TYPE OF REPORTING PERSON
 
OO

 

 
 
 
CUSIP No.  02005N100 
 
 
13G
 
 
Page 3 of 8 Pages
 

1
NAME OF REPORTING PERSON
 
Daniel S. Loeb
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ☐
 
(b)  ☐
 
3
SEC USE ONLY
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
26,000,000
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
26,000,000
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
26,000,000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
N/A
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.42%
12
TYPE OF REPORTING PERSON
 
IN
 
 
 
 
 
Item 1(a):
Name of Issuer:
   
 
Ally Financial Inc. (the "Issuer").
   
Item 1(b):
Address of Issuer's Principal Executive Offices:
   
 
 
200 Renaissance Center, P.O. Box 200, Detroit, Michigan 48265-2000.
   
Item 2(a):
Name of Person Filing:
   
 
Third Point LLC, a Delaware limited liability company (the “Management Company”), which serves as investment manager or adviser to a variety of hedge funds and managed accounts (such funds and accounts, collectively, the “Funds”), with respect to shares of Common Stock (as defined in Item 2(d)) directly owned by the Funds; and Mr. Daniel S. Loeb (“Mr. Loeb” and together with the Management Company, the “Reporting Persons”), who is the Chief Executive Officer of the Management Company and controls its business activities, with respect to shares of Common Stock indirectly beneficially owned by Mr. Loeb by virtue of such position.
   
Item 2(b):
Address of Principal Business Office or, if None, Residence:
   
 
390 Park Avenue, New York, New York 10022.
   
Item 2(c):
Citizenship:
   
 
Delaware; United States.
   
Item 2(d):
Title of Class of Securities:
   
 
Common Stock, $0.01 par value ("Common Stock").
   
Item 2(e):
CUSIP Number:
   
 
02005N100.
   
Item 3:
If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
   
 
A.
☐
Broker or dealer registered under Section 15 of the Act,
 
B.
☐
Bank as defined in Section 3(a)(6) of the Act,
 
C.
☐
Insurance Company as defined in Section 3(a)(19) of the Act,
 
D.
☐
Investment Company registered under Section 8 of the Investment Company Act of 1940,
 
E.
☒
Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E),
 
 
 
 
 
 
F.
☐
Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F),
 
G.
☒
Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G),
 
H.
☐
Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
 
I.
☐
Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,
 
J.
☐
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
       
Item 4:
Ownership:
 
 (a)
Amount beneficially owned:

 
26,000,000 shares. The Reporting Persons share voting and dispositive power over the shares held directly by the Funds, but no Fund individually holds greater than 5% of the outstanding Common Stock of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of these securities (except to the extent of any pecuniary interest therein), and this report shall not be deemed an admission that either of them is the beneficial owner of such securities for purposes of Section 13(d) or Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
   
 
(b)
Percent of class:
   
   
5.42%.
     
 
(c)
Number of shares as to which the Reporting Persons have:
       
   
(i)
Sole power to vote or direct the vote:
       
   
(ii)
Shared power to vote or direct the vote:
       
     
26,000,000
       
   
(iii)
Sole power to dispose or direct the disposition:
       
   
(iv)
Shared power to dispose or direct the disposition:
       
     
26,000,000

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 5 percent of the class of securities, check the following:  [  ]
   
Item 6:
Ownership of More than Five Percent on Behalf of Another Person:
   
 
Other than as set forth herein, no other person has the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities reported herein.
 
 
 
 

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:
   
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 

 
[Signatures on following page]
 
 
 
 
 
 
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.
Dated: February 13, 2015

 
THIRD POINT LLC
   
 
By: Daniel S. Loeb, Chief Executive Officer
   
 
By:
/s/ William Song                             
   
Name:  William Song
   
Title:    Attorney-in-Fact
   
 
DANIEL S. LOEB
   
 
By:
/s/ William Song                             
   
Name:  William Song
   
Title:    Attorney-in-Fact
 
 
 
 
 
 
EXHIBIT INDEX

Exhibit 99.1: Joint Filing Agreement, dated February 13, 2015, by and between Third Point LLC and Daniel S. Loeb.
Exhibit 99.2: Power of Attorney granted by Daniel S. Loeb in favor of James P. Gallagher, William Song and Joshua L. Targoff, dated February 9, 2011, was previously filed with the SEC on February 11, 2011 as an exhibit to Amendment No. 99.2 to Schedule 13G filed by Third Point LLC and Daniel S. Loeb with respect to Citadel Broadcasting Corporation and is incorporated herein by reference.
 
 EX-99.1 2 t13659027b.htm JOINT FILING AGREEMENT
Exhibit 99.1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that such person or entity knows or has reason to believe that such information is inaccurate. This agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument.
 
Dated: February 13, 2015

 
THIRD POINT LLC
   
 
By: Daniel S. Loeb, Chief Executive Officer
   
 
By:
/s/ William Song                             
   
Name:  William Song
   
Title:    Attorney-in-Fact
   
 
DANIEL S. LOEB
   
 
By:
/s/ William Song                             
   
Name:  William Song
   
Title:    Attorney-in-Fact