0000904454-14-000666.txt : 20140924 0000904454-14-000666.hdr.sgml : 20140924 20140924203739 ACCESSION NUMBER: 0000904454-14-000666 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140922 FILED AS OF DATE: 20140924 DATE AS OF CHANGE: 20140924 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HC2 Holdings, Inc. CENTRAL INDEX KEY: 0001006837 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 541708481 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 460 HERNDON PARKWAY STREET 2: SUITE 150 CITY: HERNDON STATE: VA ZIP: 20170 BUSINESS PHONE: 703-456-4100 MAIL ADDRESS: STREET 1: 460 HERNDON PARKWAY STREET 2: SUITE 150 CITY: HERNDON STATE: VA ZIP: 20170 FORMER COMPANY: FORMER CONFORMED NAME: PTGi HOLDING, INC. DATE OF NAME CHANGE: 20131108 FORMER COMPANY: FORMER CONFORMED NAME: PRIMUS TELECOMMUNICATIONS GROUP INC DATE OF NAME CHANGE: 19960814 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SALEM PAUL J CENTRAL INDEX KEY: 0001084356 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35210 FILM NUMBER: 141119354 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NELSON JONATHAN M CENTRAL INDEX KEY: 0001035233 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35210 FILM NUMBER: 141119355 MAIL ADDRESS: STREET 1: C/O WESTERN WIRELESS CORP STREET 2: 3650 131ST AVE SE #400 CITY: BELLEVUE STATE: WA ZIP: 98006 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gahan Thomas CENTRAL INDEX KEY: 0001610124 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35210 FILM NUMBER: 141119356 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET, SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CREAMER GLENN M CENTRAL INDEX KEY: 0001084355 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35210 FILM NUMBER: 141119357 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Providence Equity Capital Markets L.L.C. CENTRAL INDEX KEY: 0001564222 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35210 FILM NUMBER: 141119358 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET, SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-588-6700 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET, SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Benefit Street Partners LLC CENTRAL INDEX KEY: 0001543160 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35210 FILM NUMBER: 141119359 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET, SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 401-751-1700 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET, SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10019 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2014-09-22 0001006837 HC2 Holdings, Inc. HCHC 0001543160 Benefit Street Partners LLC 9 WEST 57TH STREET SUITE 4700 NEW YORK NY 10019 0 0 1 0 0001564222 Providence Equity Capital Markets L.L.C. 9 WEST 57TH STREET SUITE 4700 NEW YORK NY 10019 0 0 1 0 0001035233 NELSON JONATHAN M 50 KENNEDY PLAZA 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001084356 SALEM PAUL J 50 KENNEDY PLAZA 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001084355 CREAMER GLENN M 50 KENNEDY PLAZA 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001610124 Gahan Thomas 9 WEST 57TH STREET SUITE 4700 NEW YORK NY 10019 0 0 1 0 Series A Convertible Participating Preferred Stock 2014-09-22 4 H 0 5611.5 D Common Stock 1320353 0 I By Providence Debt Fund L.P. Series A Convertible Participating Preferred Stock 2014-09-22 4 H 0 2988.5 D Common Stock 703176 0 I By Providence Debt Fund III Master (Non-US) L.P. Series A Convertible Participating Preferred Stock 2014-09-22 4 H 0 2937.5 D Common Stock 691176 0 I By PECM Strategic Funding L.P. Series A Convertible Participating Preferred Stock 2014-09-22 4 H 0 962.5 D Common Stock 226471 0 I By Benefit Street Partners SMA LM L.P. Series A Convertible Participating Preferred Stock 2014-09-22 4 P 0 5611.5 A Common Stock 1407863 5611.5 I By Providence Debt Fund L.P. Series A Convertible Participating Preferred Stock 2014-09-22 4 P 0 2988.5 A Common Stock 749781 2988.5 I By Providence Debt Fund III Master (Non-US) L.P. Series A Convertible Participating Preferred Stock 2014-09-22 4 P 0 2937.5 A Common Stock 736986 2937.5 I By PECM Strategic Funding L.P. Series A Convertible Participating Preferred Stock 2014-09-22 4 P 0 962.5 A Common Stock 241481 962.5 I By Benefit Street Partners SMA LM L.P. The two transactions reported in Table II above relate to an amendment to the terms of the outstanding shares of Series A Convertible Participating Preferred Stock to, among other things, reduce the initial conversion price from $4.25 per share to $4.00 per share, in each case subject to adjustment in accordance with the terms of the Series A Convertible Participating Preferred Stock. This amendment to the terms of the Series A Convertible Participating Preferred Stock is reported on this Form 4 as the cancellation of the "old" shares of Series A Convertible Participating Preferred Stock and the acquisition of "new" shares of Series A Convertible Participating Preferred Stock. The shares are held by Providence Debt Fund III L.P., Providence Debt Fund III Master (Non-US) L.P., PECM Strategic Funding L.P. and Benefit Street Partners SMA LM L.P. (collectively, the "Providence Funds"). Benefit Street Partners L.L.C. ("BSP") is the investment manager of each of Providence Debt Fund III L.P., Providence Debt Fund III Master (Non-US) L.P. and Benefit Street Partners SMA LM L.P. Providence Equity Capital Markets L.L.C. ("PECM") is the investment manager of PECM Strategic Funding L.P. Messrs. Creamer, Gahan, Nelson and Salem collectively control each of BSP and PECM through their indirect ownership of membership interests of BSP and PECM (continued in footnote 3). (continued from footnote 2) As a result, each of Messrs. Creamer, Gahan, Nelson and Salem and BSP may be deemed to share beneficial ownership of the shares held by each of Providence Debt Fund III L.P., Providence Debt Fund III Master (Non-US) L.P. and Benefit Street Partners SMA LM L.P., and each of Messrs. Creamer, Gahan, Nelson and Salem and PECM may be deemed to share beneficial ownership of the shares held by the Providence Funds, except to the extent of its or his pecuniary interest therein. The Series A Convertible Participating Preferred Stock is convertible at the option of the holder of the security and will be convertible at the option of the Company, beginning on the third anniversary of the date of issuance, in each case at the then applicable conversion rate. The conversion rate is generally determined by dividing the then applicable accrued value of a share of Series A Convertible Participating Preferred Stock by the then applicable conversion price. Represents 12,500 shares of Series A Convertible Participating Preferred Stock at the original conversion rate of approximately 235.294 Represents 12,500 shares of Series A Convertible Participating Preferred Stock at the adjusted conversion rate of approximately 250.889. This adjusted conversion rate reflects the change to the conversion price described in footnote 1 above as well as the receipt on July 15, 2014 of a quarterly accreting dividend on the shares of Series A Convertible Participating Preferred Stock that is payable by means of an increase in the accrued value of each outstanding share of Series A Convertible Participating Preferred Stock. Par value $0.001 per share. /s/ Bryan R. Martoken, Authorized Signatory, Benefit Street Partners L.L.C. 2014-09-24 /s/ Bryan R. Martoken, Authorized Signatory, Providence Equity Capital Markets L.L.C. 2014-09-24 /s/ Jonathan M. Nelson 2014-09-24 /s/ Paul J. Salem 2014-09-24 /s/ Glenn M. Creamer 2014-09-24 /s/ Thomas J. Gahan 2014-09-24