0000919574-15-002882.txt : 20150313 0000919574-15-002882.hdr.sgml : 20150313 20150313140809 ACCESSION NUMBER: 0000919574-15-002882 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150313 DATE AS OF CHANGE: 20150313 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOME LOAN SERVICING SOLUTIONS, LTD. CENTRAL INDEX KEY: 0001513161 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 980683664 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-86750 FILM NUMBER: 15698744 BUSINESS ADDRESS: STREET 1: C/O INTERTRUST CORP SERVICES CAYMAN LTD STREET 2: 190 ELGIN AVENUE CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-9005 BUSINESS PHONE: (345) 945-3727 MAIL ADDRESS: STREET 1: C/O INTERTRUST CORP SERVICES CAYMAN LTD STREET 2: 190 ELGIN AVENUE CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-9005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Litespeed Management, L.L.C. CENTRAL INDEX KEY: 0001292975 IRS NUMBER: 134144270 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 623 FIFTH AVENUE STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-808-7423 MAIL ADDRESS: STREET 1: 623 FIFTH AVENUE STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: Litespeed Management LLC DATE OF NAME CHANGE: 20040607 SC 13G 1 d1466776_13g.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G

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


Home Loan Servicing Solutions, Ltd.
 
(Name of Issuer)


Ordinary Shares, $0.01 par value
(Title of Class of Securities)


G6648D109
(CUSIP Number)


February 27, 2015
(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 the Notes).


CUSIP No
G6648D109
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Litespeed Management, L.L.C.
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(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
 
     
 
4,200,000
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
4,200,000
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
4,200,000
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
5.9%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 


CUSIP No
G6648D109
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Litespeed Master Fund, Ltd.
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(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
 
     
 
4,200,000
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
4,200,000
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
4,200,000
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
5.9%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 


CUSIP No
G6648D109
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Jamie Zimmerman
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [x]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States of America
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
4,200,000
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
4,200,000
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
4,200,000
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
5.9%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
 


CUSIP No
G6648D109
   

Item 1.
(a).
Name of Issuer:
 
       
   
Home Loan Servicing Solutions, Ltd.
 

 
(b).
Address of issuer's principal executive offices:
 
   
c/o Intertrust Corporate Services (Cayman) Limited
190 Elgin Avenue
George Town, Grand Cayman KY1-9005
Cayman Islands
 
       

Item 2.
(a).
Name of person filing:
 
   
Litespeed Management, L.L.C.
 
   
Litespeed Master Fund, Ltd.
Jamie Zimmerman
 

 
(b).
Address or principal business office or, if none, residence:
 
   
Litespeed Management, L.L.C.
623 Fifth Avenue, 26th Floor
New York, New York 10022
 
Litespeed Master Fund, Ltd.
c/o Maples Corporate Services Limited
PO Box 309, Ugland House
South Church Street
Grand Cayman KY1-1104
Cayman Islands
 
Jamie Zimmerman
623 Fifth Avenue, 26th Floor
New York, New York 10022
 
       

 
(c).
Citizenship:
 
   
Litespeed Management, L.L.C. – Delaware limited liability company
Litespeed Master Fund, Ltd. – Cayman Islands exempted company
 
   
Jamie Zimmerman – United States of America
 

 
(d).
Title of class of securities:
 
       
   
Ordinary Shares, $0.01 par value
 

 
(e).
CUSIP No.:
 
       
   
G6648D109
 



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

 
(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 association 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 §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
 
       

 
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:
   
Litespeed Management, L.L.C. – 4,200,000
Litespeed Master Fund, Ltd. – 4,200,000
   
Jamie Zimmerman – 4,200,000

 
(b)
Percent of class:
   
Litespeed Management, L.L.C. – 5.9%
Litespeed Master Fund, Ltd. – 5.9%
   
Jamie Zimmerman – 5.9%



 
(c)
Number of shares as to which the person has:

   
(i)
Sole power to vote or to direct the vote
 
Litespeed Management, L.L.C. – 0
Litespeed Master Fund, Ltd. – 0
Jamie Zimmerman – 0
   
         
   
(ii)
Shared power to vote or to direct the vote
 
Litespeed Management, L.L.C. – 4,200,000
Litespeed Master Fund, Ltd. – 4,200,000
Jamie Zimmerman – 4,200,000
   
         
   
(iii)
Sole power to dispose or to direct the disposition of
 
Litespeed Management, L.L.C. – 0
Litespeed Master Fund, Ltd. – 0
Jamie Zimmerman – 0
   
         
   
(iv)
Shared power to dispose or to direct the disposition of
 
Litespeed Management, L.L.C. – 4,200,000
Litespeed Master Fund, Ltd. – 4,200,000
Jamie Zimmerman – 4,200,000
   
         

 
Instruction:  For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

   
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 [].
 
 
N/A
   



Item 6.
Ownership of More Than Five Percent on Behalf of Another Person.

 
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified.  A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
 
 
All securities reported in this Schedule 13G are owned by advisory clients of Litespeed Management, L.L.C.
   

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 
If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary.  If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
 
 
N/A
   

Item 8.
Identification and Classification of Members of the Group.

 
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group.  If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
 
 
N/A
   

Item 9.
Notice of Dissolution of Group.

 
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.  See Item 5.
 
 
N/A
   



Item 10.
Certification.

   
The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

   
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.

 
March 13, 2015
 
(Date)
   
   
 
/s/ Jamie Zimmerman
 
Jamie Zimmerman*
   
 
Litespeed Management, L.L.C.
   
 
By:
/s/ Jamie Zimmerman 
   
Jamie Zimmerman
   
Managing Member
 
 
Litespeed Master Fund, Ltd.
   
 
By:
/s/ Jamie Zimmerman
  
   
Jamie Zimmerman
 
   
Director
 



*The Reporting Person disclaims beneficial ownership in the shares reported herein except to the extent of his pecuniary interest therein.
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.
Attention.  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).


Exhibit A


AGREEMENT


The undersigned agree that this Schedule 13G dated March 13, 2015, relating to the Ordinary Shares, $0.01 par value of Home Loan Servicing Solutions, Ltd. shall be filed on behalf of the undersigned.


   
/s/ Jamie Zimmerman
 
  Jamie Zimmerman
 
 
 
Litespeed Management, L.L.C.
   
 
By:
/s/ Jamie Zimmerman
 
   
Jamie Zimmerman
   
Managing Member
 
 
Litespeed Master Fund, Ltd.
   
 
By:
/s/ Jamie Zimmerman
 
   
Jamie Zimmerman
   
Director
   
   
March 13, 2015
 
Date








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