FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
AMERICAN CAPITAL, LTD [ ACAS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/27/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 09/27/2011 | S | 900,000 | D | $7.74 | 13,600,000 | D(1)(7)(8)(9) | |||
Common Stock | 09/28/2011 | S | 982,200 | D | $7.27 | 12,617,800 | D(1)(7)(8)(9) | |||
Common Stock | 09/29/2011 | S | 617,800 | D | $7.09 | 12,000,000 | D(1)(7)(8)(9) | |||
Common Stock | 09/30/2011 | S | 83,158 | D | $6.96 | 1,885,016 | D(2)(7)(8)(9) | |||
Common Stock | 09/30/2011 | S | 342,971 | D | $6.96 | 6,753,694 | D(3)(7)(8)(9) | |||
Common Stock | 09/30/2011 | S | 78,313 | D | $6.96 | 1,893,279 | I | See(4)(7)(8)(9) | ||
Common Stock | 10/04/2011 | S | 197,879 | D | $6.11 | 1,687,137 | D(2)(7)(8)(9) | |||
Common Stock | 10/04/2011 | S | 580,991 | D | $6.11 | 6,172,703 | D(3)(7)(8)(9) | |||
Common Stock | 10/04/2011 | S | 286,306 | D | $6.11 | 1,606,973 | I | See(4)(7)(8)(9) | ||
Common Stock | 10/04/2011 | S | 44,475 | D | $6.11 | 648,154 | D(5)(7)(8)(9) | |||
Common Stock | 10/04/2011 | S | 236,249 | D | $6.11 | 2,144,749 | D(6)(7)(8)(9) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. Reflects the securities of the issuer owned directly by Paulson Recovery Master Fund Ltd. ("Recovery Master"). |
2. Reflects the securities of the issuer owned directly by Paulson Partners Enhanced, L.P. ("Enhanced LP"). |
3. Reflects the securities of the issuer owned directly by Paulson Enhanced Ltd. ("Enhanced Ltd."). |
4. Reflects the securities of the issuer held in accounts managed separately ("Separately Managed Accounts") by Paulson & Co. Inc. ("Paulson"). |
5. Reflects the securities of the issuer owned directly by Paulson Partners L.P. ("Paulson Partners"). |
6. Reflects the securities of the issuer owned directly by Paulson International Ltd. ("Paulson International"). |
7. Paulson is an investment advisor registered under the Investment Advisors Act of 1940. Paulson is the investment manager of Recovery Master, Enhanced LP, Enhanced Ltd., Paulson Partners, Paulson International, Paulson Advantage Master Ltd. ("Advantage Master"), Paulson Advantage Select Master Fund Ltd. ("Select Master") and Paulson Advantage Plus Master Ltd. ("Advantage Plus Master," and collectively, the "Funds") and the Separately Managed Accounts. Paulson is also the controlling person of Paulson Advisers LLC, the managing general partner of each of Paulson Partners and Enhanced L.P. John Paulson is the controlling person of Paulson. |
8. Additionally, Advantage Master directly owns 4,985,893 shares, Select Master directly owns 75,108 shares, and Advantage Plus Master directly owns 8,144,242 shares. |
9. Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds and the Separately Managed Accounts. For purposes of this Form 4, Paulson and John Paulson disclaim beneficial ownership of the shares of common stock owned by the Funds and accounts reporting on this Form 4 except to the extent of their pecuniary interest therein. |
Remarks: |
Stuart L. Merzer, General Counsel and Chief Compliance Officer of Paulson & Co. Inc. | 10/04/2011 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |