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
Summit Materials, Inc. [ SUM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/11/2015 | ||||||||||||||||||||||||||
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 |
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 | ||||||||
LP Units of Summit Materials Holdings L.P. | (1) | 08/11/2015 | S(2) | 13,739,945 | (1) | (1) | Class A Common Stock | 13,739,945 | (2) | 30,781,057(3) | I | See Footnotes(4)(9)(10)(11)(12)(13) | |||
LP Units of Summit Materials Holdings L.P. | (1) | 08/11/2015 | S(2) | 2,896,494 | (1) | (1) | Class A Common Stock | 2,896,494 | (2) | 6,488,901(3) | I | See Footnotes(5)(9)(10)(11)(12)(13) | |||
LP Units of Summit Materials Holdings L.P. | (1) | 08/11/2015 | S(2) | 261,315 | (1) | (1) | Class A Common Stock | 261,315 | (2) | 585,415(3) | I | See Footnotes(6)(9)(10)(11)(12)(13) | |||
LP Units of Summit Materials Holdings L.P. | (1) | 08/11/2015 | S(2) | 22,143 | (1) | (1) | Class A Common Stock | 22,143 | (2) | 49,605(3) | I | See Footnotes(7)(9)(10)(11)(12)(13) | |||
LP Units of Summit Materials Holdings L.P. | (1) | 08/11/2015 | S(2) | 12,867 | (1) | (1) | Class A Common Stock | 12,867 | (2) | 28,826(3) | I | See Footnotes(8)(9)(10)(11)(12)(13) |
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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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. Pursuant to the terms of an exchange agreement, dated as of March 11, 2015, limited partnership units of Summit Materials Holdings L.P. ("LP Units") held by the Reporting Persons are exchangeable for shares of the issuer's Class A common stock on a one-for-one basis. |
2. The Reporting Persons sold to the issuer the number of LP Units set forth above at a price per LP Unit of $24.784375, which represents the $25.75 price at which the issuer's Class A common stock was sold in a secondary offering, less the underwriters' discount of $0.965625 per share. |
3. Total holdings include LP Units previously reported as being indirectly beneficially owned by the Reporting Persons through Summit Materials Holdings GP, Ltd. ("Summit GP"). The Reporting Persons acquired direct ownership of such LP Units in connection with a dividend of LP Units by Summit GP, of which the Blackstone Funds (as defined below) are shareholders. The acquisitions were exempt under Rules 16a-9 and 16a-13. |
4. Reflects securities of the issuer held directly by Blackstone Capital Partners (Delaware) V-NQ L.P. (f/k/a Blackstone Capital Partners (Cayman) V-NQ L.P.). |
5. Reflects securities of the issuer held directly by Blackstone Capital Partners (Delaware) NQ V-AC L.P. (f/k/a Blackstone Capital Partners (Cayman) NQ V-AC L.P.). |
6. Reflects securities of the issuer held directly by Summit BCP Intermediate Holdings L.P. The general partner of Summit BCP Intermediate Holdings L.P. is Summit BCP Intermediate Holdings GP, Ltd. Summit BCP Intermediate Holdings GP, Ltd. is owned by Blackstone Capital Partners (Delaware) V-NQ L.P., Blackstone Capital Partners (Delaware) NQ V-AC L.P., Blackstone Family Investment Partnership (Delaware) V-NQ L.P. and Blackstone Participation Partnership (Delaware) V-NQ L.P. |
7. Reflects securities of the issuer held directly by Blackstone Family Investment Partnership (Delaware) V-NQ L.P. (f/k/a Blackstone Family Investment Partnership (Cayman) V-NQ L.P.). |
8. Reflects securities of the issuer held directly by Blackstone Participation Partnership (Delaware) V-NQ L.P. (f/k/a Blackstone Participation Partnership (Cayman) V-NQ L.P., and collectively with Blackstone Capital Partners (Delaware) V-NQ L.P., Blackstone Capital Partners (Delaware) NQ V-AC L.P., Summit BCP Intermediate Holdings L.P. and Blackstone Family Investment Partnership (Delaware) V-NQ L.P., the "Blackstone Funds"). |
9. The general partner of each of Blackstone Capital Partners (Delaware) V-NQ L.P. and Blackstone Capital Partners (Delaware) NQ V-AC L.P. is Blackstone Management Associates (Cayman) V-NQ L.P. The general partners of each of Blackstone Management Associates (Cayman) V-NQ L.P., Blackstone Family Investment Partnership (Delaware) V-NQ L.P. and Blackstone Participation Partnership (Delaware) V-NQ L.P. are Blackstone LR Associates (Cayman) V-NQ Ltd. and BCP V-NQ GP L.L.C. |
10. Blackstone Holdings II L.P. is the sole member of BCP V-NQ GP L.L.C. and the controlling shareholder of Blackstone LR Associates (Cayman) V-NQ Ltd. The general partner of Blackstone Holdings II L.P. is Blackstone Holdings I/II GP Inc. The sole shareholder of Blackstone Holdings I/II GP Inc. is The Blackstone Group L.P. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman. |
11. Due to the limitations of the electronic filing system Blackstone Holdings II L.P., Blackstone Holdings I/II GP Inc., The Blackstone Group L.P., Blackstone Group Management L.L.C. and Stephen A. Schwarzman are filing a separate Form 4. |
12. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. |
13. Each of the Reporting Persons (other than the Blackstone Funds to the extent they directly hold securities reported herein), disclaims beneficial ownership of the securities held by the Blackstone Funds, except to the extent of such Reporting Person's pecuniary interest therein, if any, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than the Blackstone Funds to the extent they directly hold securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. |
Remarks: |
BLACKSTONE CAPITAL PARTNERS (DELAWARE) V-NQ L.P., By: Blackstone Management Associates (Cayman) V-NQ L.P., its general partner, By: BCP V-NQ GP L.L.C., its general partner, By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer | 08/13/2015 | |
BLACKSTONE CAPITAL PARTNERS (DELAWARE) NQ V-AC L.P., By: Blackstone Management Associates (Cayman) V-NQ L.P., its general partner, By: BCP V-NQ GP L.L.C., its general partner, By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer | 08/13/2015 | |
SUMMIT BCP INTERMEDIATE HOLDINGS L.P., By: Summit BCP Intermediate Holdings GP, Ltd., its general partner, By: /s/ Neil P. Simpkins, Name: Neil P. Simpkins, Title: Director | 08/13/2015 | |
SUMMIT BCP INTERMEDIATE HOLDINGS GP, LTD., By: /s/ Neil P. Simpkins, Name: Neil P. Simpkins, Title: Director | 08/13/2015 | |
BLACKSTONE FAMILY INVESTMENT PARTNERSHIP (DELAWARE) V-NQ L.P., By: BCP V-NQ GP L.L.C., its general partner, By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer | 08/13/2015 | |
BLACKSTONE PARTICIPATION PARTNERSHIP (DELAWARE) V-NQ L.P., By: BCP V-NQ GP L.L.C., its general partner, By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer | 08/13/2015 | |
BLACKSTONE MANAGEMENT ASSOCIATES (CAYMAN) V-NQ L.P., By: BCP V-NQ GP L.L.C., its general partner, By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer | 08/13/2015 | |
BCP V-NQ GP L.L.C., By: /s/ John G. Finley, Name: John G. Finley, Title: Chief Legal Officer | 08/13/2015 | |
BLACKSTONE LR ASSOCIATES (CAYMAN) V-NQ LTD., By: /s/ John G. Finley, Name: John G. Finley, Title: CLO, Chief Administrative Officer | 08/13/2015 | |
** 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. |