0001193125-12-060987.txt : 20120214 0001193125-12-060987.hdr.sgml : 20120214 20120214163443 ACCESSION NUMBER: 0001193125-12-060987 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 GROUP MEMBERS: WHITEBOX CONCENTRATED CONVERTIBLE ARBITRAGE ADVISORS, LLC GROUP MEMBERS: WHITEBOX CONCENTRATED CONVERTIBLE ARBITRAGE FUND, L.P. GROUP MEMBERS: WHITEBOX CONCENTRATED CONVERTIBLE ARBITRAGE FUND, LTD. GROUP MEMBERS: WHITEBOX CONCENTRATED CONVERTIBLE ARBITRAGE PARTNERS, L.P. GROUP MEMBERS: WHITEBOX L/S EQUITY ADVISORS, LLC GROUP MEMBERS: WHITEBOX L/S EQUITY FUND LP GROUP MEMBERS: WHITEBOX L/S EQUITY FUND LTD. GROUP MEMBERS: WHITEBOX L/S EQUITY PARTNERS LP GROUP MEMBERS: WHITEBOX MULTI-STRATEGY ADVISORS, LLC GROUP MEMBERS: WHITEBOX MULTI-STRATEGY FUND, L.P. GROUP MEMBERS: WHITEBOX MULTI-STRATEGY FUND, LTD. GROUP MEMBERS: WHITEBOX MULTI-STRATEGY PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STEWART INFORMATION SERVICES CORP CENTRAL INDEX KEY: 0000094344 STANDARD INDUSTRIAL CLASSIFICATION: TITLE INSURANCE [6361] IRS NUMBER: 741677330 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-03837 FILM NUMBER: 12610664 BUSINESS ADDRESS: STREET 1: 1980 POST OAK BLVD CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7136258100 MAIL ADDRESS: STREET 1: 1980 POST OAK BLVD CITY: HOUSTON STATE: TX ZIP: 77056 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHITEBOX ADVISORS LLC CENTRAL INDEX KEY: 0001257391 IRS NUMBER: 411957584 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3033 EXCELSIOR BLVD. CITY: MINNEAPOLIS STATE: MN ZIP: 55416 BUSINESS PHONE: 612-253-6001 MAIL ADDRESS: STREET 1: 3033 EXCELSIOR BLVD. CITY: MINNEAPOLIS STATE: MN ZIP: 55416 SC 13G 1 d299135dsc13g.htm SCHEDULE 13G Schedule 13G

 

OMB APPROVAL

 

 

 

OMB Number:

     3235-0145   
Expires:     
Estimated average burden     
hours per response.........     

 

10.4

 

  

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

 

Stewart Information Services

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

860372101

(CUSIP Number)

12/31/11

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(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 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).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

 


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Advisors, 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

 

1,285,556 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

1,285,556 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

1,285,556 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

6.6% (See item 4)

(12)

 

Type of reporting person*

 

IA

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 2 of 20


 

CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Multi-Strategy Advisors, 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

 

711,276 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

711,276 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

711,276 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

3.7% (See item 4)

(12)

 

Type of reporting person*

 

IA

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 3 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Multi-Strategy Partners, L.P.

  (2)  

Check the appropriate box if a member of a group*

 

(a)  ¨

 

(b)  x

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization

 

British Virgin Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

   (5)    

Sole voting power

 

0

   (6)   

Shared voting power

 

711,276 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

711,276 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

711,276 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

3.7% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 4 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Multi-Strategy Fund, L.P.

  (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

 

711,276 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

711,276 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

711,276 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

3.7% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 5 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Multi-Strategy Fund, Ltd.

  (2)  

Check the appropriate box if a member of a group*

 

(a)  ¨

 

(b)  x

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization

 

British Virgin Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

   (5)    

Sole voting power

 

0

   (6)   

Shared voting power

 

711,276 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

711,276 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

711,276 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

3.7% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 6 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Concentrated Convertible Arbitrage Advisors, 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

 

440,761 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

440,761 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

440,761 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

2.3% (See item 4)

(12)

 

Type of reporting person*

 

IA

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 7 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Concentrated Convertible Arbitrage Partners, L.P.

  (2)  

Check the appropriate box if a member of a group*

 

(a)  ¨

 

(b)  x

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization

 

British Virgin Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

   (5)    

Sole voting power

 

0

   (6)   

Shared voting power

 

440,761 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

440,761 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

440,761 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

2.3% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 8 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Concentrated Convertible Arbitrage Fund, L.P.

  (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

 

440,761 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

440,761 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

440,761 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

2.3% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 9 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Concentrated Convertible Arbitrage Fund, Ltd.

  (2)  

Check the appropriate box if a member of a group*

 

(a)  ¨

 

(b)  x

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization

 

British Virgin Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

   (5)    

Sole voting power

 

0

   (6)   

Shared voting power

 

440,761 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

440,761 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

440,761 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

2.3% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 10 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox L/S Equity Advisors, 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

 

15,754 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

15,754 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

15,754 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

0.1% (See item 4)

(12)

 

Type of reporting person*

 

IA

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 11 of 20


 

CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox L/S Equity Partners 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

 

British Virgin Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

   (5)    

Sole voting power

 

0

   (6)   

Shared voting power

 

15,754 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

15,754 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

15,754 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

0.1% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 12 of 20


CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox L/S Equity Fund 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

 

15,754 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

15,754 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

15,754 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

0.1% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 13 of 20


 

CUSIP No. 860372101   13G

 

  (1)   

Names of reporting persons

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox L/S Equity Fund Ltd.

  (2)  

Check the appropriate box if a member of a group*

 

(a)  ¨

 

(b)  x

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization

 

British Virgin Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

   (5)    

Sole voting power

 

0

   (6)   

Shared voting power

 

15,754 (See item 4)

   (7)   

Sole dispositive power

 

0

   (8)   

Shared dispositive power

 

15,754 (See item 4)

  (9)

 

Aggregate amount beneficially owned by each reporting person

 

15,754 (See item 4)

(10)

 

Check if the aggregate amount in Row (9) excludes certain shares*

 

(11)

 

Percent of class represented by amount in Row (9)

 

0.1% (See item 4)

(12)

 

Type of reporting person*

 

PN

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 14 of 20


CUSIP No. 860372101    13G   

 

Item 1.

  (a) Name of Issuer

 

       Stewart Information Serivces

 

  (b) Address of Issuer’s Principal Executive Offices

 

       1980 Post Oak Boulevard, Suite 800
       Houston, TX 77056

Item 2.

  (a) Name of Person Filing

 

       This statement is filed by:

 

  (i) Whitebox Advisors, LLC, a Delaware limited liability company (“WA”);

 

  (ii) Whitebox Multi-Strategy Advisors, LLC, a Delaware limited liability company (“WMSA”);

 

  (iii) Whitebox Multi-Strategy Partners, L.P., a British Virgin Islands limited partnership (“WMSP”);

 

  (iv) Whitebox Multi-Strategy Fund, L.P., a Delaware limited partnership (“WMSFLP”);

 

  (v) Whitebox Multi-Strategy Fund, Ltd., a British Virgin Islands international business company (“WMSFLTD”);

 

  (vi) Whitebox Concentrated Convertible Arbitrage Advisors, LLC, a Delaware limited liability company (“WCCAA”);

 

  (vii) Whitebox Concentrated Convertible Arbitrage Partners, L.P., a British Virgin Islands limited partnership (“WCCAP”);

 

  (viii) Whitebox Concentrated Convertible Arbitrage Fund , L.P., a Delaware limited partnership (“WCCAFLP”);

 

  (ix) Whitebox Concentrated Convertible Arbitrage Fund, Ltd., a British Virgin Islands international business company (“WCCAFLTD”);

 

  (x) Whitebox L/S Equity Advisors, LLC, a Delaware limited liability company (“WLSEA”);

 

  (xi) Whitebox L/S Equity Partners, L.P., a British Virgin Islands limited partnership (“WLSEP”);

 

  (xii) Whitebox L/S Equity Fund, L.P., a Delaware limited partnership (“WLSEFLP”);

 

  (xiii) Whitebox L/S Equity Fund, Ltd., a British Virgin Islands international business company (“WLSEFLTD”);

 

  (xix) HFR RVA Combined Master Trust, a Bermuda limited partnership (“HFR”);

 

  (xx) IAM Mini-Fund 14 Limited, a Cayman Islands Corporation (“IAM”);

 

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 15 of 20


CUSIP No. 860372101    13G   

 

  (b) Address of Principal Business Office or, if none, Residence

 

       The address of the business office of WA, WMSA, WMSFLP, WCCAA, WCCAFLP, WLSEA, and WLSEFLP, is:

 

       3033 Excelsior Boulevard
       Suite 300
       Minneapolis, MN 55416

 

       The address of the business office of WMSP, WMSFLTD, WCCAP, WCCAFLTD,
       WLSEP, and WLSEFLTD is:

 

       Trident Chambers, P.O. Box 146
       Waterfront Drive, Wickhams Cay
       Road Town, Tortola, British Virgin Islands
       The address of the business office of HFR is:

 

       HFR RVA Combined Master Trust
       65 Front Street
       Hamilton, HM 11, Bermuda

 

       The address of the business office of IAM is:

 

       IAM Mini-Fund 14 Limited
       Boundary Hall, Cricket Square
       George Town, Grand Cayman, KY1-1102 Cayman Islands

 

  (c) Citizenship

WA, WMSA, WMSFLP, WCCAA, WCCAFLP, WLSEA, and WLSEFLP are organized under the laws of the State of Delaware; WMSP, WMSFLTD, WCCAP, WCCAFLTD, WLSEP, and WLSEFLTD are organized under the laws of the British Virgin Islands; and IAM are organized under the laws of the Cayman Islands; HFR is organized under the laws of Bermuda.

 

  (d) Title of Class of Securities

 

       Common Stock

 

  (e) CUSIP Number

 

       860372101

 

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) x An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 16 of 20


CUSIP No. 860372101    13G   

 

  (f) ¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).

 

  (g) ¨ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).

 

  (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

 

  (i) ¨ A 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 § 240.13d-1(b)(1)(ii)(J).

 

Item 4. Ownership

 

  (a) Amount Beneficially Owned

WA, acting as an investment adviser to its client, is deemed to be the beneficial owner of 1,285,556 shares of Common Stock of the Company.

WMSA, is deemed to beneficially own 711,276 Shares of Common Stock of the company.

WMSP is deemed to beneficially own 711,276 shares of Common Stock as a result of its ownership of Convertible Bonds and Common Stock of the company

WMSFLP is deemed to beneficially own 711,276 shares of Common Stock as a result of its indirect ownership of Convertible Bonds and Common Stock of the company

WMSFLTD is deemed to beneficially own 711,276 shares of Common Stock as a result of its indirect ownership Of Convertible Bonds and Common Stock of the company

WCCAA, is deemed to beneficially own 440,761 Shares of Common Stock of the company.

WCCAP is deemed to beneficially own 440,761 shares of Common Stock as a result of its ownership of Convertible Bonds of the company

WCCAFLP is deemed to beneficially own 440,761 shares of Common Stock as a result of its indirect ownership of Convertible Bonds of the company

WCCAFLTD is deemed to beneficially own 440,761 shares of Common Stock as a result of its indirect ownership Of Convertible Bonds of the company

WLSEA is deemed to beneficially own 15,754 shares of Common Stock of the company.

WLSEP is deemed to beneficially own 15,754 shares of Common Stock as a result of its ownership of Common Stock of the company

WLSEFLP is deemed to beneficially own 15,754 shares of Common Stock as a result of its indirect ownership of Common Stock of the company

WLSEFLTD is deemed to beneficially own 15,754 shares of Common Stock as a result of its indirect ownership Of Common Stock of the company

HFR, is deemed to beneficially own 63,961 Shares of Common Stock as a result of its ownership of Convertible Bonds and Common Stock of the company

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

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CUSIP No. 860372101    13G   

 

IAM, is deemed to beneficially own 53,804 Shares of Common Stock as a result of its ownership of Convertible Bonds of the company

As a result of the relationship described in this statement, each of WA, WMSA, WMSFLP, WMSFLTD, WCCAA, WCCAFLP, WCCAFLTD, WLSEA, WLSEFLP,and WLSEFLTD may be deemed to possess indirect beneficial ownership of the shares of Common Stock beneficially owned by each of WMSP, WCCAP, WLSEP, IAM, and HFR.

WA, WMSA, WMSFLP, WMSFLTD, WCCAA, WCCAFLP, WCCAFLTD, WLSEA, WLSEFLP, and WLSEFLTD each disclaim indirect beneficial ownership of the shares of Common Stock except to the extent of their pecuniary interest in such shares.*

Based on the relationships described herein, these entities may be deemed to constitute a “group” within the meaning Of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934. The filing of this statement shall not be construed as An admission that WA, WMSA,WMSP, WMSFLP, WMSFLTD, WCCAA, WCCAP, WCCAFLP, WCCAFLTD, WLSEA, WLSEP, WLSEFLP,WLSEFLTD, IAM, AND HFR are a group, Or have agreed to act as a group.*

 

  (b) Percent of Class

WA beneficially owns 6.6 % of the company’s Common Stock.*

WMSA is deemed to beneficially own 3.7 % of the company’s Common Stock

WMSP is deemed to beneficially own 3.7 % of the company’s Common Stock

WMSFLP is deemed to beneficially own 3.7 % of the company’s Common Stock

WMSFLTD is deemed to beneficially own 3.7 % of the company’s Common Stock

WCCAA is deemed to beneficially own 2.3 % of the company’s Common Stock

WCCAP is deemed to beneficially own 2.3 % of the company’s Common Stock

WCCAFLP is deemed to beneficially own 2.3 % of the company’s Common Stock

WCCAFLTD is deemed to beneficially own 2.3 % of the company’s Common Stock

WLSEA is deemed to beneficially own 0.1 % of the company’s Common Stock

WLSEP is deemed to beneficially own 0.1 % of the company’s Common Stock

WLSEFLP is deemed to beneficially own 0.1 % of the company’s Common Stock

WLSEFLTD is deemed to beneficially own 0.1 % of the company’s Common Stock

HFR beneficially owns 0.3 % of the company’s Common Stock.*

IAM beneficially owns 0.3 % of the company’s Common Stock.*

The percentage of Common Stock reportedly owned by each entity herein is based on 18,248,000 shares of outstanding Common Stock of the Company, which is the total number of shares issued and outstanding On October 28, 2011.

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

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CUSIP No. 860372101    13G   

 

 

  (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

WA has shared voting power with respect to 1,285,556 shares of the Issuer’s Common Stock.

WMSA, WMSP, WMSFLP, and WMSFLTD, have shared voting power with respect to 711,276 Shares of the Company’s Common Stock.

WCCAA, WCCAP, WCCAFLP, and WCCAFLTD have shared voting power with respect to 440,761 Shares of the Company’s Common Stock.

WLSEA, WLSEP, WLSEFLP, and WLSEFLTD have shared voting power with respect to 15,754 Shares of the Company’s Common Stock.

 

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

 

       0

 

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

WA has shared voting power with respect to 1,285,556 shares of the Issuer’s Common Stock.

WMSA, WMSP, WMSFLP, and WMSFLTD have shared voting power with respect to 711,276 Shares of the Company’s Common Stock.

WCCAA, WCCAP, WCCAFLP, and WCCAFLTD have shared voting power with respect to 440,761 Shares of the Company’s Common Stock.

WLSEA, WLSEP, WLSEFLP, and WLSEFLTD have shared voting power with respect to 15,754 Shares of the Company’s Common Stock.

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d3(d)(1).

 

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 ¨ *.

Instruction. Dissolution of a group requires a response to this item.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

Page 19 of 20


CUSIP No. 860372101    13G   

 

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not Applicable

 

Item 8. Identification and Classification of Members of the Group

See Item 2

 

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 acquired and are held in the ordinary course of business and 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.

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.

 

02/13/12

Date    

/s/  Clint B. Semm         

Signature

Clint B. Semm as Chief Financial Officer of Whitebox Advisors, LLC.

Name/Title

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

fb.us.1260302.03

 

** SEE INSTRUCTION BEFORE FILLING OUT **

SEC 1745 (2-02)

 

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