SC 13G/A 1 a14-5689_1sc13ga.htm SC 13G/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934*
Amendment No. 5

 

Pendrell Corporation

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

44930K108

(CUSIP Number)

December 31, 2013

(Date of Event Which Requires Filing of this Statement)

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

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

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 purposes 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).

 



 

CUSIP No. 44930K108

 

 

1.

Names of Reporting Persons
CDR-SATCO, L.L.C.

I.R.S. Identification Nos. of Above Persons (entities only)

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(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
0 (1)

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0 (1)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0 (1)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  x

 

 

11.

Percent of Class Represented by Amount in Row (9)
0% (2)

 

 

12.

Type of Reporting Person (See Instructions)
OO 

 


(1)     See Item 4(c) below.

(2)     Based on 212,384,662 shares of Class A common stock outstanding as of October 25, 2013.

 

2



 

CUSIP No. 44930K108

 

 

1.

Names of Reporting Persons
Clayton, Dubilier & Rice Fund VI Limited Partnership

I.R.S. Identification Nos. of Above Persons (entities only)

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

x

 

 

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 (1)

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0 (1)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0 (1)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  x

 

 

11.

Percent of Class Represented by Amount in Row (9)
0% (2)

 

 

12.

Type of Reporting Person (See Instructions)
PN 

 


(1)     See Item 4(c) below.

(2)     Based on 212,384,662 shares of Class A common stock outstanding as of October 25, 2013.

 

3



 

CUSIP No. 44930K108

 

 

1.

Names of Reporting Persons
CD&R Associates VI Limited Partnership

I.R.S. Identification Nos. of Above Persons (entities only)

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

x

 

 

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 (1)

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0 (1)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0 (1)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  x

 

 

11.

Percent of Class Represented by Amount in Row (9)
0% (2)

 

 

12.

Type of Reporting Person (See Instructions)
PN

 


(1)     See Item 4(c) below.

(2)     Based on 212,384,662 shares of Class A common stock outstanding as of October 25, 2013.

 

4



 

CUSIP No. 44930K108

 

 

1.

Names of Reporting Persons
CD&R Investment Associates VI, Inc.

I.R.S. Identification Nos. of Above Persons (entities only)

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

x

 

 

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 (1)

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0 (1)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0 (1)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  x

 

 

11.

Percent of Class Represented by Amount in Row (9)
0% (2)

 

 

12.

Type of Reporting Person (See Instructions)
CO 

 


(1)     See Item 4(c) below.

(2)     Based on 212,384,662 shares of Class A common stock outstanding as of October 25, 2013.

 

5



 

Item 1.

Item 1(a)

Name of issuer:
Pendrell Corporation

Item 1(b)

Address of issuer's principal executive offices:
2300 Carillon Point
Kirkland, WA 98033

 

Item 2.

 

Item 2(a) Name of Person Filing:

 

Name of Person Filing

 

Address

 

Citizenship

CDR-SATCO, L.L.C.

 

1209 Orange Street, Wilmington, New Castle County, Delaware 19801

 

Delaware

 

 

 

 

 

Clayton Dubilier & Rice Fund VI Limited Partnership

 

Ugland House
113 South Church Street
George Town, Grand Cayman, Cayman Islands BWI

 

Cayman Islands

 

 

 

 

 

CD&R Associates VI Limited Partnership

 

Ugland House
113 South Church Street
George Town, Grand Cayman, Cayman Islands BWI

 

Cayman Islands

 

 

 

 

 

CD&R Investment Associates VI, Inc.

 

Ugland House
113 South Church Street
George Town, Grand Cayman, Cayman Islands BWI

 

Cayman Islands

 

CDR-SATCO, L.L.C., Clayton Dubilier & Rice Fund VI Limited Partnership, CD&R Associates VI Limited Partnership, and CD&R Investment Associates VI, Inc. have entered into a Joint Filing Agreement, dated February 14, 2014, a copy of which is filed with this Schedule 13G/A as Exhibit 1, pursuant to which such reporting persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.

 

Item 2(b)

Address or Principal Business Office or, if none, Residence:
See Item 2(a) above.

Item 2(c)

Citizenship:
See Item 2(a) above.

Item 2(d)

Title of Class of Securities:
Class A Common Stock, par value $0.01 per share

Item 2(e)

CUSIP Number:
44930K108

 

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)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);

 

(e)

o

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

 

(f)

o

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

 

(g)

o

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

 

(h)

o

A savings association defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

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)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

N/A

 

 

 

6



 

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:  See below.

 

 

(b)

Percent of class:  See below.

 

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote:  See below.

 

 

 

(ii)

Shared power to vote or to direct the vote:  See below.

 

 

 

(iii)

Sole power to dispose or to direct the disposition of:  See below.

 

 

 

(iv)

Shared power to dispose or to direct the disposition of:  See below.

 

 

As of the date of this report, each of the Reporting Persons beneficially owned the number and percentage of issued and outstanding shares of common stock of Pendrell Corporation listed opposite its name, which shares such entities have held since July 26, 2000:

 

Reporting Person

 

Amount Beneficially
Owned

 

Percent of Class(a)

 

CDR-SATCO, L.L.C.

 

0

(b)

0

%

Clayton Dubilier & Rice Fund VI Limited Partnership

 

0

(b)

0

%

CD&R Associates VI Limited Partnership

 

0

(c)

0

%

CD&R Investment Associates VI, Inc.

 

0

(c)(d)

0

%

 


(a)              Based on 212,384,662 shares of Class A common stock outstanding as of October 25, 2013.

(b)              CDR-SATCO, L.L.C. is a limited liability company whose sole member is Clayton Dubilier & Rice Fund VI Limited Partnership.

(c)               Clayton Dubilier & Rice Fund VI Limited Partnership is a partnership of which CD&R Associates VI Limited Partnership is the general partner, which is a wholly-owned subsidiary of CD&R Investment Associates VI, Inc.  Each of CD&R Associates VI Limited Partnership and CD&R Investment Associates VI, Inc. expressly disclaims beneficial ownership of the shares held by Clayton, Dubilier & Rice Fund VI Limited Partnership, as well as of the shares held by CDR-SATCO, L.L.C.

(d)              CD&R Investment Associates VI, Inc. is managed by a board of directors comprised of over fifteen individuals, and all board action relating to the voting or disposition of these shares requires approval of a majority of the board.  As a result, no member of the board of CD&R Investment Associates VI, Inc. controls the voting or disposition of CD&R Investment Associates VI, Inc. with respect to the shares shown as beneficially owned by CDR-SATCO, L.L.C.

 

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 x.

 

This Amendment No. 5 to Schedule 13G (this “Amendment No. 5”) is being filed because, as a result of sales, the reporting persons no longer hold or beneficially own any shares as of December 31, 2013.  See Item 4 above.

 

Item 6.

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

 

 

N/A

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

 

 

N/A

 

Item 8.

Identification and Classification of Members of the Group.

 

 

See Item 4 above.

 

 

Item 9.

Notice of Dissolution of Group.

 

 

N/A

 

7



 

Item 10.

Certification.

 

 

N/A

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true and correct.

 

 

CDR-SATCO, L.L.C.

 

 

 

Date: February 14, 2014

 

 

 

 

 

 

By:

/s/ David Wasserman

 

Name:

David Wasserman

 

Title:

Executive Vice President

 

 

 

 

 

 

 

CLAYTON, DUBILIER & RICE FUND VI

 

Limited Partnership

 

By: 

CD&R Associates VI Limited Partnership,

 

 

its general partner

 

 

By: CD&R Investment Associates VI,

 

 

Inc., its general partner

 

 

Date: February 14, 2014

 

 

By:

/s/ Theresa A. Gore

 

 

Name: Theresa A. Gore

 

 

Title: Vice President, Treasurer and Assistant Secretary

 

 

 

 

 

 

CD&R ASSOCIATES VI Limited Partnership

 

 

By: CD&R Investment Associates VI,

 

 

Inc., its general partner

 

 

Date: February 14, 2014

 

 

 

 

By:

/s/ Theresa A. Gore

 

Name:

Theresa A. Gore

 

Title:

Vice President, Treasurer and Assistant Secretary

 

 

 

 

 

CD&R INVESTMENT ASSOCIATES VI, INC.

 

 

 

Date: February 14, 2014

 

 

 

 

 

 

By:

/s/ Theresa A. Gore

 

Name:

Theresa A. Gore

 

Title:

Vice President, Treasurer and Assistant Secretary

 

8