-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ra2cXscSuY3gNLortwF0fW6YDQPM3huVSnZ4+gi2PKcMfCszd4cEcKw5QduX/9aX Rh1nyrgmF5J8zSFvcxnYig== 0000895345-08-000432.txt : 20080718 0000895345-08-000432.hdr.sgml : 20080718 20080718165130 ACCESSION NUMBER: 0000895345-08-000432 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080718 DATE AS OF CHANGE: 20080718 GROUP MEMBERS: JOHN LONDON GROUP MEMBERS: STEVEN M. WEINSTEIN GROUP MEMBERS: SUTTONBROOK CAPITAL PORTFOLIO L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED RENTALS INC /DE CENTRAL INDEX KEY: 0001067701 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 061522496 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54791 FILM NUMBER: 08959802 BUSINESS ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036223131 MAIL ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06830 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SUTTONBROOK CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001176552 IRS NUMBER: 460465072 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 598 MADISON AVE STREET 2: 6TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125886600 MAIL ADDRESS: STREET 1: 598 MADISON AVE STREET 2: 6TH FL CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: SUTTONBROOK CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20020628 SC 13D/A 1 ss13da-united_suttonbrook.htm ss13da-united_suttonbrook.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
 
(Amendment No. 1)*
 
 
 United Rentals, Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
911363109 
(CUSIP Number)

Brett Spector
SuttonBrook Capital Management LP
598 Madison Avenue
6th Floor
New York, NY  10022
(212) 588−6622
(Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications)
 
 July 17, 2008
(Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box o.

*The remainder of this cover page will 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 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 ("Act") or otherwise subject to the liabilities of that section of the Act but will be subject to all other provisions of the Act (however, see the Notes).
 

 

 
 
SCHEDULE 13D 
     
 CUSIP No. 911363109  
Page 2 of 8
     

 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
    SuttonBrook Capital Management LP
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                                                    (a) o
                                                                                                                                                                                                                                                                (b) o
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
    AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)                                                                                                                       ;                                o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
0
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
3,403,501
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
0
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
3,403,501
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    3,403,501
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                                                o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    3.94%
 
14
TYPE OF REPORTING PERSON
 
    PN
 
 
 

 
 
SCHEDULE 13D 
     
 CUSIP No. 911363109  
Page 3 of 8
     

 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
    SuttonBrook Capital Portfolio L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                                                    (a) o
                                                                                                                                                                                                                                                                (b) o
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
    WC, OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)                                                                                                                       ;                                o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Cayman Islands
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
0
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
3,403,501
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
0
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
3,403,501
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
   3,403,501
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                                                o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    3.94%
 
14
TYPE OF REPORTING PERSON
 
    PN
 
 
 
 

 
 
SCHEDULE 13D 
     
 CUSIP No. 911363109  
Page 4 of 8
     

 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
    John London
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                                                    (a) o
                                                                                                                                          0;                                                                                                                     (b) o
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
    AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)                                                                                                                       ;                                o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
0
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
3,403,501
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
0
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
3,403,501
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    3,403,501
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                                                o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    3.94%
 
14
TYPE OF REPORTING PERSON
 
    IN
 
 
 
 

 
 
SCHEDULE 13D 
     
 CUSIP No. 911363109  
Page 5 of 8
     

 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
    Steven M. Weinstein
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                                                    (a) o
                                                                                                                                          0;                                                                                                                     (b) o
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
    AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)                                                                                                                       ;                                o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    United States
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
0
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
3,403,501
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
0
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
3,403,501
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
   3,403,501
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                                                o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    3.94%
 
14
TYPE OF REPORTING PERSON
 
    IN
 
 
 

 
 
This Amendment No. 1 to Schedule 13D amends certain information contained in the Schedule 13D dated November 30, 2007 and filed on December 4, 2007 (the "Schedule 13D") by SuttonBrook Capital Management LP (the "Investment Manager"), SuttonBrook Capital Portfolio L.P. (the "Master Fund"), John London ("Mr. London") and Steven M. Weinstein ("Mr. Weinstein" and, together with the Investment Manager, the Master Fund and Mr. London, the "Filing Persons") relating to the common stock, par value $0.01 per share (the "Common Stock"), of United Rentals, Inc., a Delaware corporation (the "Company").  Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule 13D.
 
ITEM 4.                  Purpose of Transaction.
 
Item 4 is amended and supplemented as follows:

On June 17, 2008, the Company filed with the Securities and Exchange Commission a Tender Offer Statement on Schedule TO in connection with the Company's offer to purchase up to 27,160,000 shares of Common Stock, at a purchase price of not greater than $25.00 nor less than $22.00 per share.  The Company's self-tender offer expired at 5:00 p.m. (New York City time) on July 16, 2008.  The Filing Persons tendered shares of Common Stock into the Company's self-tender offer, but the actual number of shares of Common Stock held by the Filing Persons that will be accepted for purchase by the Company has not been announced.
 
ITEM 5.                  Interests in Securities of the Issuer.
 
Item 5 is amended as follows:
 
       (a)           The aggregate percentage of Common Stock reported owned by each person named herein is based upon 86,439,761 shares of Common Stock outstanding as of June 9, 2008 as disclosed in the Company's Tender Offer Statement on Schedule TO, filed with the Securities and Exchange Commission on June 17, 2008.
 
As of July 18, 2008, the Investment Manager may be deemed to beneficially own an aggregate of 3,403,501 shares of Common Stock, representing in the aggregate approximately 3.94% of the shares of Common Stock.
 
As of July 18, 2008, the Master Fund may be deemed to beneficially own an aggregate of 3,403,501 shares of Common Stock, representing in the aggregate approximately 3.94% of the shares of Common Stock.
 
As of July 18, 2008, Mr. London may be deemed to beneficially own an aggregate of 3,403,501 shares of Common Stock, representing in the aggregate approximately 3.94% of the shares of Common Stock.
 
As of July 18, 2008, Mr. Weinstein may be deemed to beneficially own an aggregate of 3,403,501 shares of Common Stock, representing in the aggregate approximately 3.94% of the shares of Common Stock.
 
(b)           Each Filing Person may be deemed to share the power to vote or direct the vote and to dispose or to direct the disposition of shares of Common Stock deemed to be beneficially owned by such Filing Person as described above.
 
(c)           Schedule I sets forth transactions in the Common Stock which were effected during the past sixty days by the Filing Persons.  All such transactions were effected on either the New York Stock Exchange or one of the principal ECN exchanges.
 
(d)           No person is known by the Filing Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock that may be deemed to be beneficially owned by any Filing Person.
 
(e)           As of July 17, 2008, the Filing Persons ceased to be beneficial owners of more than 5% of the shares of Common Stock.  Accordingly, this amendment is the final amendment to Schedule 13D.
 
ITEM 6.                 Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
 
Item 6 is amended and supplemented as follows:

On June 17, 2008, the Company filed with the Securities and Exchange Commission a Tender Offer Statement on Schedule TO in connection with the Company's offer to purchase up to 27,160,000 shares of Common Stock, at a purchase price of not greater than $25.00 nor less than $22.00 per share.  The Company's self-tender offer expired at 5:00 p.m. (New York City time) on July 16, 2008.  The Filing Persons tendered shares of Common Stock into the Company's self-tender offer, but the actual number of shares of Common Stock held by the Filing Persons that will be accepted for purchase by the Company has not been announced.
 
 
 
 

 
 
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.


July 18, 2008

                        SuttonBrook Capital Management LP

                        By:  SuttonBrook Holdings LLC,
                                Its General Partner

                                By:  /s/ John London                               
                                                        Name:  John London
                                                        Title:    Managing Member

                                                        SuttonBrook Capital Portfolio L.P.
 
                                                        By:   SuttonBrook Capital Associates (Cayman) LTD
                                                                 Its General Partner

                                                 By:  SuttonBrook Capital Associates LLC,
                                               Its General Partner

                                                 By:   /s/ John London                               
                                                          Name:  John London
                                                          Title:    Managing Member
 
 
 
         
 
   
/s/ John London
 
 
   
John London
 
 
   
 
 
 
 
         
 
   
/s/ Steven M. Weinstein
 
 
   
Steven M. Weinstein
 
 
   
 
 
 
 
 

 
SCHEDULE I

SuttonBrook Capital  Portfolio L.P.
 
Purchases/Sales
Quantity
Price ($)
Trade Date
Settlement Date
Sale 45,000 16.9945 7/18/2008 7/23/2008
Sale
891,800
17.2127
7/17/2008
7/22/2008
Sale
100,000
19.3215
7/16/2008
7/21/2008
Sale
125,000
19.2063
7/15/2008
7/18/2008
Sale
175,000
19.2729
7/15/2008
7/18/2008
Purchase
1
18.75
7/10/2008
7/15/2008
Sale
160,700
20.0293
7/9/2008
7/14/2008
Purchase
327,000
18.5
6/30/2008
7/3/2008
Purchase
200,000
19.9103
6/30/2008
7/3/2008
Sale
550,000
21.9487
6/10/2008
6/13/2008
Sale
75,000
21.82
6/10/2008
6/13/2008
Sale
125,000
22.124
6/10/2008
6/13/2008
Sale
48,000
20.77
6/4/2008
6/9/2008
Sale
60,000
20.7488
6/4/2008
6/9/2008
Sale
1,500
20.797
6/2/2008
6/5/2008
Sale
8,400
20.6437
5/29/2008
6/3/2008
 
 
 
 
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