0001085146-13-000507.txt : 20130214 0001085146-13-000507.hdr.sgml : 20130214 20130214071246 ACCESSION NUMBER: 0001085146-13-000507 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 GROUP MEMBERS: HAWKEYE CAPITAL MANAGEMENT, LLC GROUP MEMBERS: HAWKEYE CAPITAL MASTER GROUP MEMBERS: RICHARD A. RUBIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KAPSTONE PAPER & PACKAGING CORP CENTRAL INDEX KEY: 0001325281 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 202699372 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80945 FILM NUMBER: 13606193 BUSINESS ADDRESS: STREET 1: 1101 SKOKIE BLVD., SUITE 300 CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 847-239-8800 MAIL ADDRESS: STREET 1: 1101 SKOKIE BLVD., SUITE 300 CITY: NORTHBROOK STATE: IL ZIP: 60062 FORMER COMPANY: FORMER CONFORMED NAME: KapStone Paper & Packaging CORP DATE OF NAME CHANGE: 20070104 FORMER COMPANY: FORMER CONFORMED NAME: Stone Arcade Acquisition CORP DATE OF NAME CHANGE: 20050428 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Hawkeye Capital Master CENTRAL INDEX KEY: 0001342024 IRS NUMBER: 980466159 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE CAPITAL PLACE STREET 2: P.O. BOX 897GT CITY: GEORGETOWN, GRAND CAYMAN STATE: E9 ZIP: 475 BUSINESS PHONE: 212-265-0565 MAIL ADDRESS: STREET 1: ONE CAPITAL PLACE STREET 2: P.O. BOX 897GT CITY: GEORGETOWN, GRAND CAYMAN STATE: E9 ZIP: 475 SC 13G/A 1 ksa6_21413.htm HAWKEYE CAPITAL MASTER

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 6)*

KAPSTONE PAPER AND PACKAGING CORPORATION

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

48562P103

(CUSIP Number)

December 31, 2012

(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 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 Instructions).

CUSIP No.: 48562P103
1 NAME OF REPORTING PERSON
Hawkeye Capital Master

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
98-0466159
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  [X]
(b)  [   ]
3 SEC USE ONLY
 
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,113,520
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES []

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.65%
12 TYPE OF REPORTING PERSON
OO

CUSIP No.: 48562P103
1 NAME OF REPORTING PERSON
Richard A. Rubin

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  [X]
(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
3,113,520
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
3,113,520
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,113,520
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES []

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.65%
12 TYPE OF REPORTING PERSON
IN

CUSIP No.: 48562P103
1 NAME OF REPORTING PERSON
Hawkeye Capital Management, LLC

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
13-4092634
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  [X]
(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
0
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,113,520
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES []

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.65%
12 TYPE OF REPORTING PERSON
OO

CUSIP No.: 48562P103
ITEM 1(a). NAME OF ISSUER:
KAPSTONE PAPER AND PACKAGING CORPORATION
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1101 Skokie Boulevard, Suite 300
Northbrook, IL 60062
ITEM 2(a). NAME OF PERSON FILING:
Hawkeye Capital Master
Richard A. Rubin
Hawkeye Capital Management, LLC
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal place of business for Richard A. Rubin and Hawkeye Capital Management, LLC is 800 Third Avenue, 9th Floor, New York, New York 10022.

The principal place of business for Hawkeye Capital Master is P.O. Box 897GT, Windward 1 Regatta Office Park, West Bay Road, Georgetown, Grand Cayman, Cayman Islands.
ITEM 2(c). CITIZENSHIP:
Hawkeye Capital Master - Cayman Islands
Richard A. Rubin - United States
Hawkeye Capital Management, LLC - United States
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.0001 par value per share
ITEM 2(e). CUSIP NUMBER:
48562P103
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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 (15 U.S.C. 78c);
(b) [   ]  Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) [   ]  Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
(d) [   ]  Investment company registered under Section 8 of the Investment Company Act of 1940
(15 U.S.C 80a-8);
(e) [   ]  An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
(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 associations as defined in Section 3(b) of the Federal Deposit Insurance Act
(12 U.S.C. 1813);
(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 (15 U.S.C. 80a-3);
(j) [   ]  A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);
(k) [   ]  Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution
in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution:
Not Applicable
ITEM 4. OWNERSHIP:
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
3,113,520
(b) Percent of class:
6.65%
(c) Number of shares as to which the person has:
(i)   Sole power to vote or to direct the vote:
Hawkeye Capital Master - 0
Richard A. Rubin - 3,113,520
Hawkeye Capital Management, LLC - 0
(ii)  Shared power to vote or to direct the vote:
Hawkeye Capital Master - 0
Richard A. Rubin - 0
Hawkeye Capital Management, LLC - 0
(iii) Sole power to dispose or to direct the disposition of:
Hawkeye Capital Master - 0
Richard A. Rubin - 3,113,520
Hawkeye Capital Management, LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
Hawkeye Capital Master - 0
Richard A. Rubin - 0
Hawkeye Capital Management, LLC - 0
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 [   ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable. 
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.

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.
February 14, 2013
Date
Hawkeye Capital Master
/s/
Signature
Richard A. Rubin, Managing Member of Hawkeye Capital Management, LLC
Manager of Hawkeye Capital Master
Name/Title



February 14, 2013
Date
Richard A. Rubin
/s/
Signature
Richard A. Rubin,
Name/Title



February 14, 2013
Date
Hawkeye Capital Management, LLC
/s/
Signature
Richard A. Rubin, Managing Member
Name/Title



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