CUSIP No. | Y81669106 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
Glendon Capital Management LP 46-1394333 | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
(a) o | |||||
(b) o | |||||
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 | |||
6,403,167 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
6,403,167 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
6,403,167 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
16.06% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IA , HC | |||||
FOOTNOTES | |||||
Glendon Capital Management LP crossed the 15% threshold of ownership of common stock on March 15, 2019. The amount listed is reflective of holdings as of the filing date of this amendment.
Percentage ownership is based on 39,860,563 shares outstanding of the issuer’s common stock as reported in the issuer’s 6K dated as of November 23, 2018. |
CUSIP No. | Y81669106 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
Matthew Barrett | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
U.S. citizen | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
6,403,167 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
6,403,167 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
6,403,167 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
16.06% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IA , HC | |||||
FOOTNOTES | |||||
CUSIP No. | Y81669106 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
Holly Kim | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
U.S. citizen | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
6,403,167 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
6,403,167 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
6,403,167 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
16.06% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IA , HC | |||||
FOOTNOTES | |||||
CUSIP No. | Y81669106 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
Eitan Melamed | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
U.S. citizen | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
6,403,167 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
6,403,167 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
6,403,167 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
16.06% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IA , HC | |||||
FOOTNOTES | |||||
CUSIP No. | Y81669106 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
Brian Berman | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
U.S. citizen | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
6,403,167 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
6,403,167 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
6,403,167 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
16.06% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IA , HC | |||||
FOOTNOTES | |||||
CUSIP No. | Y81669106 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
Michael Keegan | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
U.S. citizen | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
6,403,167 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
6,403,167 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
6,403,167 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
16.06% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IA , HC | |||||
FOOTNOTES | |||||
CUSIP No. | Y81669106 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
Christopher Sayer | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
U.S. citizen | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
6,403,167 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
6,403,167 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
6,403,167 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
16.06% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IA , HC | |||||
FOOTNOTES | |||||
CUSIP No. | Y81669106 |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
Glendon Opportunities Fund, LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
(a) o | |||||
(b) o | |||||
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 | |||
4,668,964 | |||||
6 | SHARED VOTING POWER | ||||
7 | SOLE DISPOSITIVE POWER | ||||
4,668,964 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
4,668,964 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
11.71% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
FI | |||||
FOOTNOTES | |||||
Glendon Opportunities Fund, LP crossed the 10% threshold of ownership of common stock on March 6, 2019. The amount listed is reflective of holdings as of the filing date of this amendment.
Percentage ownership is based on 39,860,563 shares outstanding of the issuer’s common stock as reported in the issuer’s 6K dated as of November 23, 2018. |
(a) | Name
of Issuer |
Stealthgas Inc. |
(b) | Address
of Issuer’s Principal Executive Offices |
331 Kifissias Avenue, Erithrea 14561, Athens, Greece |
(a) | Name
of Person Filing |
(1) | Glendon Capital Management LP | ||
(2) | Matthew Barrett | ||
(3) | Holly Kim | ||
(4) | Eitan Melamed | ||
(5) | Brian Berman | ||
(6) | Michael Keegan | ||
(7) | Christopher Sayer | ||
(8) | Glendon Opportunities Fund, LP | ||
(b) | Address
of Principal Business Office or, if none, Residence |
(1) | Glendon Capital Management LP 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
(2) | Matthew Barrett 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
(3) | Holly Kim 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
(4) | Eitan Melamed 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
(5) | Brian Berman 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
(6) | Michael Keegan 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
(7) | Christopher Sayer 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
(8) | Glendon Opportunities Fund, LP 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
(c) | Citizenship |
(1) | Glendon Capital Management LP: United States |
(2) | Matthew Barrett: U.S. citizen |
(3) | Holly Kim: U.S. citizen |
(4) | Eitan Melamed: U.S. citizen |
(5) | Brian Berman: U.S. citizen |
(6) | Michael Keegan: U.S. citizen |
(7) | Christopher Sayer: U.S. citizen |
(8) | Glendon Opportunities Fund, LP: Cayman Islands |
(d) | Title
of Class of Securities |
Common Stock |
(e) | CUSIP
Number |
Y81669106 |
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) | x | 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) | x | A
parent holding company or control person in accordance with §
240.13d-1(b)(1)(ii)(G); |
(h) | o | A
savings associations as 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 | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). |
(k) | o |
A 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. |
(a) |
Amount beneficially owned:
|
(1) | Glendon Capital Management LP: 6,403,167 |
(2) | Matthew Barrett: 6,403,167 |
(3) | Holly Kim: 6,403,167 |
(4) | Eitan Melamed: 6,403,167 |
(5) | Brian Berman: 6,403,167 |
(6) | Michael Keegan: 6,403,167 |
(7) | Christopher Sayer: 6,403,167 |
(8) | Glendon Opportunities Fund, LP: 4,668,964 |
(b) |
Percent of class: |
(1) | Glendon Capital Management LP: 16.06% |
(2) | Matthew Barrett: 16.06% |
(3) | Holly Kim: 16.06% |
(4) | Eitan Melamed: 16.06% |
(5) | Brian Berman: 16.06% |
(6) | Michael Keegan: 16.06% |
(7) | Christopher Sayer: 16.06% |
(8) | Glendon Opportunities Fund, LP: 11.71% |
(c) | Number
of shares as to which the person has: |
(i) |
Sole power to vote or to direct the vote:
|
(1) | Glendon Capital Management LP: 6,403,167 |
(2) | Matthew Barrett: 6,403,167 |
(3) | Holly Kim: 6,403,167 |
(4) | Eitan Melamed: 6,403,167 |
(5) | Brian Berman: 6,403,167 |
(6) | Michael Keegan: 6,403,167 |
(7) | Christopher Sayer: 6,403,167 |
(8) | Glendon Opportunities Fund, LP: 4,668,964 |
(ii) |
Shared power to vote or to direct the vote:
|
(1) | Glendon Capital Management LP: 0 |
(2) | Matthew Barrett: 0 |
(3) | Holly Kim: 0 |
(4) | Eitan Melamed: 0 |
(5) | Brian Berman: 0 |
(6) | Michael Keegan: 0 |
(7) | Christopher Sayer: 0 |
(8) | Glendon Opportunities Fund, LP: 0 |
(iii) |
Sole power to dispose or to direct the disposition of:
|
(1) | Glendon Capital Management LP: 6,403,167 |
(2) | Matthew Barrett: 6,403,167 |
(3) | Holly Kim: 6,403,167 |
(4) | Eitan Melamed: 6,403,167 |
(5) | Brian Berman: 6,403,167 |
(6) | Michael Keegan: 6,403,167 |
(7) | Christopher Sayer: 6,403,167 |
(8) | Glendon Opportunities Fund, LP: 4,668,964 |
(iv) |
Shared power to dispose or to direct the disposition of:
|
(1) | Glendon Capital Management LP: 0 |
(2) | Matthew Barrett: 0 |
(3) | Holly Kim: 0 |
(4) | Eitan Melamed: 0 |
(5) | Brian Berman: 0 |
(6) | Michael Keegan: 0 |
(7) | Christopher Sayer: 0 |
(8) | Glendon Opportunities Fund, LP: 0 |
Item
5. | Ownership
of Five Percent or Less of a Class |
Item
6. | Ownership
of More than Five Percent on Behalf of Another Person. |
Item
7. | Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported
on By the Parent Holding Company |
Item
8. | Identification
and Classification of Members of the Group |
Item
9. | Notice
of Dissolution of Group |
Item
10. | Certification |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under §240.14a-11. |
Glendon Capital Management, LP | |||
Date:
April 04, 2019 | By:
| /s/ Michael Keegan | |
Name: Michael Keegan | |||
Title: Chief Compliance Officer / Partner | |||
Glendon Capital Management, L.P. | |||
Date:
April 04, 2019 | By:
| /s/ Matthew S. Barrett | |
Name: Matthew S. Barrett | |||
Title: Partner | |||
Glendon Capital Management, L.P. | |||
Date:
April 04, 2019 | By:
| /s/ Holly Kim | |
Name: Holly Kim | |||
Title: Partner | |||
Glendon Capital Management, L.P. | |||
Date:
April 04, 2019 | By:
| /s/ Eitan Melamed | |
Name: Eitan Melamed | |||
Title: Partner | |||
Glendon Capital Management, L.P. | |||
Date:
April 04, 2019 | By:
| /s/ Brian Berman | |
Name: Brian Berman | |||
Title: Partner | |||
Glendon Capital Management, L.P. | |||
Date:
April 04, 2019 | By:
| /s/ Christopher Sayer | |
Name: Christopher Sayer | |||
Title: Partner | |||
Glendon Capital Management, L.P. | |||
Date:
April 04, 2019 | By:
| /s/ Michael Keegan | |
Name: Michael Keegan | |||
Title: Chief Compliance Officer / Partner | |||
Glendon Opportunities Fund, L.P. | |||
Date:
April 04, 2019 | By:
| /s/ Michael Keegan | |
Name: Michael Keegan | |||
Title: on behalf of General Partner Glendon Capital Associates | |||
Footnotes: | EXHIBIT A
Joint Filing Agreement Pursuant to Rule 13d-1 This agreement is made pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 (the “Act”) by and among the parties listed above, each referred to herein as a “Joint Filer.” The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1(k)(1) . |
Attention: | Intentional
misstatements or omissions of fact constitute Federal criminal violations (See
18 U.S.C. 1001) |