0001193125-14-212957.txt : 20140527 0001193125-14-212957.hdr.sgml : 20140526 20140527161434 ACCESSION NUMBER: 0001193125-14-212957 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140527 DATE AS OF CHANGE: 20140527 GROUP MEMBERS: DANIEL S. OCH GROUP MEMBERS: OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC GROUP MEMBERS: OCH-ZIFF HOLDING CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: B/E AEROSPACE INC CENTRAL INDEX KEY: 0000861361 STANDARD INDUSTRIAL CLASSIFICATION: PUBLIC BUILDING AND RELATED FURNITURE [2531] IRS NUMBER: 061209796 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-41351 FILM NUMBER: 14870074 BUSINESS ADDRESS: STREET 1: 1400 CORPORATE CENTER WAY STREET 2: 1400 CORPORATE CENTER WAY CITY: WELLINGTON STATE: FL ZIP: 33414 BUSINESS PHONE: 5617915000 MAIL ADDRESS: STREET 1: 1400 CORPORATE CENTER WAY STREET 2: 1400 CORPORATE CENTER WAY CITY: WELLINGTON STATE: FL ZIP: 33414 FORMER COMPANY: FORMER CONFORMED NAME: BE AEROSPACE INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BE AVIONICS INC DATE OF NAME CHANGE: 19920608 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OZ MANAGEMENT LP CENTRAL INDEX KEY: 0001054587 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET, 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127900165 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET, 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: OZ MANAGEMENT LLC DATE OF NAME CHANGE: 19980204 SC 13G 1 d731951dsc13g.htm SCHEDULE 13G Schedule 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

 

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO 13d-2

 

 

 

B/E Aerospace, Inc.

(Name of Issuer)

 

 

 

Common Stock, $0.01 par value

(Title of Class of Securities)

 

073302101

(CUSIP Number)

 

May 16, 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 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

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 (“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).

 

 

 


Schedule 13 G    PAGE 2 of 11
CUSIP No. 073302101   

 

  (1)   

NAME OF REPORTING PERSON

 

OZ Management LP

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  (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

 

    5,652,754

   (7)   

SOLE DISPOSITIVE POWER

 

    0

   (8)   

SHARED DISPOSITIVE POWER

 

    5,652,754

  (9)

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    5,652,754

(10)

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

(11)

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    5.37%

(12)

 

TYPE OF REPORTING PERSON

 

    IA


Schedule 13 G    PAGE 3 of 11
CUSIP No. 073302101   

 

  (1)   

NAME OF REPORTING PERSON

 

Och-Ziff Holding Corporation

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  (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

 

    5,652,754

   (7)   

SOLE DISPOSITIVE POWER

 

    0

   (8)   

SHARED DISPOSITIVE POWER

 

    5,652,754

  (9)

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    5,652,754

(10)

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

(11)

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    5.37%

(12)

 

TYPE OF REPORTING PERSON

 

    CO


Schedule 13 G    PAGE 4 of 11
CUSIP No. 073302101   

 

  (1)   

NAME OF REPORTING PERSON

 

Och-Ziff Capital Management Group LLC

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  (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

 

    5,652,754

   (7)   

SOLE DISPOSITIVE POWER

 

    0

   (8)   

SHARED DISPOSITIVE POWER

 

    5,652,754

  (9)

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    5,652,754

(10)

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

(11)

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    5.37%

(12)

 

TYPE OF REPORTING PERSON

 

    OO


Schedule 13 G    PAGE 5 of 11
CUSIP No. 073302101   

 

  (1)   

NAME OF REPORTING PERSON

 

Daniel S. Och

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  (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

 

    5,652,754

   (7)   

SOLE DISPOSITIVE POWER

 

    0

   (8)   

SHARED DISPOSITIVE POWER

 

    5,652,754

  (9)

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    5,652,754

(10)

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

(11)

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    5.37%

(12)

 

TYPE OF REPORTING PERSON

 

    IN


Schedule 13 G    PAGE 6 of 11
CUSIP No. 073302101   

 

ITEM 1  

(a).

   NAME OF ISSUER:      
    

B/E Aerospace, Inc.

     
ITEM 1  

(b).

  

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

1400 Corporate Center Way

Wellington, Florida 33414-2105

     
          
ITEMS 2(a), 2(b) and 2(c). NAME OF PERSON FILING, ADDRESS OF PRINCIPAL BUSINESS OFFICE AND CITIZENSHIP:
        This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the “Reporting Persons”:
     (i)    OZ Management LP (“OZ”) and OZ Management II LP (“OZII”), Delaware limited partnerships, are the principal investment managers to a number of investment funds and discretionary accounts (the “Accounts”). OZII is a wholly-owned subsidiary of OZ and, as such, OZ may be deemed to be the beneficial owner of shares held in the Accounts managed by OZII.
     (ii)    Och-Ziff Holding Corporation (“OZHC”), a Delaware corporation, serves as the general partner of OZ. OZ is the sole member of the Och-Ziff Holding II LLC (“OZHII”), a Delaware limited liability company, which serves as the general partner of OZII. The Shares reported in this Schedule 13G are held in the Accounts managed by OZ and OZII.
     (iii)    Och-Ziff Capital Management Group LLC (“OZM”), a Delaware limited liability company, is a holding company that is the sole shareholder of OZHC.
     (iv)    Daniel S. Och is the Chief Executive Officer of OZHC and the Chief Executive Officer and Executive Managing Director of OZM.
        The citizenship of each of OZ, OZHC and OZM is set forth above. Daniel S. Och is a United States citizen.
        The address of the principal business office of each of the Reporting Persons is 9 West 57th Street, 39th Floor, New York, NY 10019.


Schedule 13 G    PAGE 7 of 11
CUSIP No. 073302101   

 

ITEM 2  

(d).

   TITLE OF CLASS OF SECURITIES:      
     Common Stock, $0.01 par value.      
ITEM 2  

(e).

   CUSIP NUMBER:      
    

073302101

     
ITEM 3.   IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b) or 240.13d-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 registered under Section 203 of the Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E);
  (f)    ¨    Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F);
  (g)    ¨    Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
  (h)    ¨    Savings Associations 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).
  IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS BOX. x   


Schedule 13 G    PAGE 8 of 11
CUSIP No. 073302101   

 

ITEM 4.    OWNERSHIP.      
  

OZ and OZII each serve as the principal investment manager to the Accounts. OZII is a wholly-owned subsidiary of OZ and, as such, OZ may be deemed to be the beneficial owner of shares held in the Accounts managed by OZII. OZ is the sole member of OZHII, the general partner of OZII. As a result, OZ has voting and dispositive authority over the shares reported in this Schedule 13G. OZHC serves as the general partner of OZ. As such, OZHC may be deemed to control OZ and therefore may be deemed to be the beneficial owner of the shares reported in this Schedule 13G. OZM is the sole shareholder of OZHC, and for purposes of this Schedule 13G may be deemed to be the beneficial owner of the Shares reported in this Schedule 13G. Mr. Daniel S. Och is the Chief Executive Officer and Executive Managing Director of OZM. As such, for purposes of this Schedule 13G, he may be deemed to control such entity and therefore be deemed to be the beneficial owner of the Shares reported in this Schedule 13G.

  

Each of the Reporting Persons hereby disclaims any beneficial ownership of any such shares.

 

The percentages used in this Item 4 are calculated based on 105,251,914 Common Stock outstanding as of April 23, 2014, as reported in the Issuer’s Form 10-Q filed on April 30, 2014. Beneficial ownership information is presented as of May 16, 2014.

 

  A. OZ

 

  (a) Amount beneficially owned:

5,652,754

 

  (b) Percent of class:

5.37%

 

  (c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote

0

 

  (ii) shared power to vote or to direct the vote

5,652,754

 

  (iii) sole power to dispose or to direct the disposition of

0

 

  (iv) shared power to dispose or to direct the disposition of

5,652,754

 

  B. OZHC

 

  (a) Amount beneficially owned:

5,652,754

 

  (b) Percent of class:

5.37%

 

  (c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote

0

 

  (ii) shared power to vote or to direct the vote

5,652,754

 

  (iii) sole power to dispose or to direct the disposition of

0

 

  (iv) shared power to dispose or to direct the disposition of

5,652,754


Schedule 13 G    PAGE 9 of 11
CUSIP No. 073302101   

 

  C. OZM

 

  (a) Amount beneficially owned:

5,652,754

 

  (b) Percent of class:

5.37%

 

  (c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote

0

 

  (ii) shared power to vote or to direct the vote

5,652,754

 

  (iii) sole power to dispose or to direct the disposition of

0

 

  (iv) shared power to dispose or to direct the disposition of

5,652,754

 

  D. Daniel S. Och

 

  (a) Amount beneficially owned:

5,652,754

 

  (b) Percent of class:

5.37%

 

  (c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote

0

 

  (ii) shared power to vote or to direct the vote

5,652,754

 

  (iii) sole power to dispose or to direct the disposition of

0

 

  (iv) shared power to dispose or to direct the disposition of

5,652,754

 

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 five percent of the class of securities, check the following ¨.

 

As of the date hereof, the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities of the Issuer.

  
ITEM 6.    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.      
   See Item 4.      
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.      
   See Item 4.      


Schedule 13 G    PAGE 10 of 11
CUSIP No. 073302101   

 

ITEM 9.    NOTICE OF DISSOLUTION OF GROUP.      
   Not applicable.      
ITEM 10.    CERTIFICATIONS. (if filing pursuant to Rule 13d-1(c))      
  

Each of the Reporting Persons hereby make the following certification:

     
  

By signing below each Reporting Person certifies that, to the best of its 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.

     

EXHIBIT 1

JOINT ACQUISITION STATEMENT

PURSUANT TO RULE 13d-1(k)

The undersigned acknowledge and agree that the foregoing statement on this 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 acquisition statements. 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 him or it contained herein or therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.


Schedule 13 G    PAGE 11 of 11
CUSIP No. 073302101   

 

SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

DATED: May 27, 2014

 

 

OZ MANAGEMENT LP
By: Och-Ziff Holding Corporation its general partner
  By:   /s/ Daniel S. Och
  Daniel S. Och
  Chief Executive Officer

 

OCH-ZIFF HOLDING CORPORATION

  By:   /s/ Daniel S. Och
  Daniel S. Och
  Chief Executive Officer

 

OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC

  By:   /s/ Daniel S. Och
  Daniel S. Och
  Chief Executive Officer

 

DANIEL S. OCH

  By:   /s/ Daniel S. Och
  Daniel S. Och