0001140361-15-028836.txt : 20150728 0001140361-15-028836.hdr.sgml : 20150728 20150728155546 ACCESSION NUMBER: 0001140361-15-028836 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150724 FILED AS OF DATE: 20150728 DATE AS OF CHANGE: 20150728 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stern Michael Lenard CENTRAL INDEX KEY: 0001600910 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009626 MAIL ADDRESS: STREET 1: C/O STONEHILL CAPITAL MANAGEMENT LLC STREET 2: 885 THIRD AVE., 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SISITSKY PETER CENTRAL INDEX KEY: 0001454846 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009628 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE, 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER NAME: FORMER CONFORMED NAME: SISITISKY PETER DATE OF NAME CHANGE: 20090127 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sacks Jonathan S CENTRAL INDEX KEY: 0001388803 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009629 MAIL ADDRESS: STREET 1: STONEHILL CAPITAL MANAGEMENT STREET 2: 885 THIRD AVENUE 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: VARKEY THOMAS CENTRAL INDEX KEY: 0001287381 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009630 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TEETSEL WAYNE CENTRAL INDEX KEY: 0001266232 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009631 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WILSON CHRISTOPHER E CENTRAL INDEX KEY: 0001266259 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009632 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stonehill General Partner, LLC CENTRAL INDEX KEY: 0001389016 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009634 BUSINESS ADDRESS: STREET 1: 885 THIRD AVENUE STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-739-7474 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STONEHILL CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001266227 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009635 BUSINESS ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 739 7474 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 FORMER NAME: FORMER CONFORMED NAME: STONEHIL CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20031006 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WCI Communities, Inc. CENTRAL INDEX KEY: 0001574532 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 270472098 STATE OF INCORPORATION: DE FISCAL YEAR END: 0609 BUSINESS ADDRESS: STREET 1: 24301 WALDEN CENTER DRIVE CITY: BONITA SPRINGS STATE: FL ZIP: 34134 BUSINESS PHONE: 239-947-2600 MAIL ADDRESS: STREET 1: 24301 WALDEN CENTER DRIVE CITY: BONITA SPRINGS STATE: FL ZIP: 34134 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: THOYER MICHAEL CENTRAL INDEX KEY: 0001582442 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009627 MAIL ADDRESS: STREET 1: C/O STONEHILL CAPITAL MANAGEMENT LLC STREET 2: 885 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MOTULSKY JOHN CENTRAL INDEX KEY: 0001266230 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 151009633 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 4 1 doc1.xml FORM 4 X0306 4 2015-07-24 0 0001574532 WCI Communities, Inc. WCIC 0001266227 STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 1 1 See Remarks 0001389016 Stonehill General Partner, LLC C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 1 1 See Remarks 0001266230 MOTULSKY JOHN C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001266259 WILSON CHRISTOPHER E C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 1 0 0001266232 TEETSEL WAYNE C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001287381 VARKEY THOMAS C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001388803 Sacks Jonathan S C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001454846 SISITSKY PETER C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001582442 THOYER MICHAEL C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001600910 Stern Michael Lenard C/O STONEHILL CAPITAL MANAGEMENT LLC 855 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 Common Stock, par value $0.01 per share ("Common Stock") 2015-07-24 4 S 0 234200 23.10 D 3117436 I By Stonehill Institutional Partners, L.P. See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 Stonehill Institutional Partners, L.P., a Delaware limited partnership ("Partners"), is the direct holder of the shares reported herein. Due to the limitations on the number of reporting persons that may be included on a single Form 4, Partners is reporting the subject transaction and its beneficial ownership on a separate Form 4. The Power of Attorney given by each of Messrs. Motulsky, Wilson, Teetsel, Varkey, Sacks, Sisitsky, Thoyer and Stern was previously filed with the U.S. Securities & Exchange Commission on February 24, 2014 as an exhibit to a statement on Form 4 filed by Stonehill Capital Management LLC with respect to WCIC and is hereby incorporated by reference. Solely for purposes of Section 16 of the Exchange Act, each of Partners and, by virtue of their control of Partners, Management and GP (as defined in Exhibit 99.1), may be deemed to be directors-by-deputization by virtue of Partners' contractual right to designate a member of the board of directors of WCIC. Christopher Wilson, a managing member of GP and Management, is a member of WCIC's board of directors. Exhibit List: Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filers' Information and Signatures STONEHILL CAPITAL MANAGEMENT LLC, By: /s/ Paul Malek, Authorized Signatory 2015-07-28 EX-99.1 2 s14916923a.htm EXPLANATION OF RESPONSES
Designated Filer:
STONEHILL CAPITAL MANAGEMENT LLC
Issuer & Ticker Symbol:
WCI Communities, Inc. [WCIC]
Date of Event Requiring Statement:
July 24, 2015
 
Explanation of Responses
 
(1)
Reflects 234,200 shares of Common Stock sold by Partners pursuant to an underwriter’s overallotment option in WCIC's underwritten secondary offering. The price of $23.10 does not reflect underwriter discount or fees.
(2)
This Form 4 is being filed on behalf of Stonehill Capital Management LLC, a Delaware limited liability company ("Management"), Stonehill General Partner, LLC, a Delaware limited liability company ("GP") and Messrs. John Motulsky, Christopher Wilson, Wayne Teetsel, Thomas Varkey, Jonathan Sacks, Peter Sisitsky, Michael Thoyer and Michael Stern.
(3)
GP is the sole general partner of Partners. Management is the investment advisor to Partners.  Messrs. Motulsky, Wilson, Teetsel, Varkey, Sacks, Sisitsky, Thoyer and Stern are managing members of GP and Management and may be deemed to control GP, Management, and Partners.  Each of Management, GP and Messrs. Motulsky, Wilson, Teetsel, Varkey, Sacks, Sisitsky, Thoyer and Stern disclaims beneficial ownership of all shares of the WCIC common stock held directly by Partners except to the extent of any indirect pecuniary interest therein. Partners is filing as a Reporting Person on a separate Form 4.
EX-99.2 3 s14916923b.htm JOINT FILER INFORMATION AND SIGNATURES
Designated Filer:
STONEHILL CAPITAL MANAGEMENT LLC
Issuer & Ticker Symbol:
WCI Communities, Inc. [WCIC]
Date of Event Requiring Statement:
July 24, 2015
 
 
Joint Filer Information and Signatures
Joint Filers:
 
 
1.
 
Name:  Stonehill Capital Management LLC
   
Address: 885 Third Avenue, 30th Floor, New York, New York, 10022
     
STONEHILL CAPITAL MANAGEMENT LLC
 
 
         
     
By: /s/ Paul Malek                                                   
July 28, 2015
     
Name: Paul Malek
Date
  Title: Authorized Signatory
         
 
2.
 
Name: Stonehill General Partner, LLC
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
STONEHILL GENERAL PARTNER, LLC
 
  
     
By: /s/ Paul Malek                                                      
July 28, 2015
     
Name: Paul Malek
Date
     
Title:   Authorized Signatory
  
         
 
3.
 
Name:  John Motulsky
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                    
July 28, 2015
     
Name: John Motulsky
Date
         
 
4.
 
Name:  Christopher Wilson
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                     
July 28, 2015
     
Name: Christopher Wilson
Date
         
 
 
 
Designated Filer:
STONEHILL CAPITAL MANAGEMENT LLC
Issuer & Ticker Symbol:
WCI Communities, Inc. [WCIC]
Date of Event Requiring Statement:
July 24, 2015
 
 
 
 
5.
 
Name:  Wayne Teetsel
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                      
July 28, 2015
     
Name: Wayne Teetsel
Date
 
 
6.
 
Name:  Thomas Varkey
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                     
July 28, 2015
     
Name: Thomas Varkey
Date
         
 
7.
 
Name:  Jonathan Sacks
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                     
July 28, 2015
     
Name: Jonathan Sacks
Date
         
 
8.
 
Name:  Peter Sisitsky
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                     
July 28, 2015
     
Name: Peter Sisitsky
Date
 
 
9.
 
Name:  Michael Thoyer
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                      
July 28, 2015
     
Name: Michael Thoyer
Date
         
 
10.
 
Name:  Michael Stern
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                       
July 28, 2015
     
Name: Michael Stern
Date