0001193125-17-031315.txt : 20170206 0001193125-17-031315.hdr.sgml : 20170206 20170206085632 ACCESSION NUMBER: 0001193125-17-031315 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170206 DATE AS OF CHANGE: 20170206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LANNETT CO INC CENTRAL INDEX KEY: 0000057725 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 230787699 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34227 FILM NUMBER: 17574143 BUSINESS ADDRESS: STREET 1: 9000 STATE RD CITY: PHILADELPHIA STATE: PA ZIP: 19136 BUSINESS PHONE: 2153339000 MAIL ADDRESS: STREET 1: 9000 STATE ROAD STREET 2: 9000 STATE ROAD CITY: PHLADELPHIA STATE: PA ZIP: 19136 FORMER COMPANY: FORMER CONFORMED NAME: NETHERLANDS SECURITIES INC DATE OF NAME CHANGE: 19660629 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SNOW CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001262124 IRS NUMBER: 251894430 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2000 GEORGETOWNE DRIVE STREET 2: SUITE 200 CITY: SEWICKLEY STATE: PA ZIP: 15143 BUSINESS PHONE: 7249345800 MAIL ADDRESS: STREET 1: 2000 GEORGETOWNE DRIVE STREET 2: SUITE 200 CITY: SEWICKLEY STATE: PA ZIP: 15143 SC 13G/A 1 d264522dsc13ga.htm SC 13G/A SC 13G/A

United States

Securities and Exchange Commission

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

LANNETT COMPANY (LCI)

 

(Name of Issuer)

 

Common Stock, $0.001 Par Value

(Title of Class of Securities)

 

516012101

(CUSIP Number)

December 31, 2016

 

(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)

☐ 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. 516012101   Schedule 13G

 

  1.   

Names of Reporting Persons:

 

Snow Capital Management, L.P.

   

I.R.S. Identification No. of Above Persons (Entities Only):

 

25-1894430

  2.  

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

a          b  

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

Pennsylvania

  Number of  

  Shares  

  Beneficially  

  Owned by  

  Each     Person  

  Reporting  

  With  

   5.    

Sole Voting Power:

 

2,404,017

   6.   

Shared Voting Power:

 

none

   7.   

Sole Dispositive Power:

 

2,526,240

   8.   

Shared Dispositive Power:

 

none

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,526,240

10.  

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

 

11.  

Percent of Class Represented by Amount in Row (9):

 

6.8%

12.  

Type of Reporting Person (See Instructions):

 

IA

 


CUSIP No. 516012101   Schedule 13G

 

Item 1

 

(a) Name of Issuer:

 

     Lannett Company

 

(b) Address of Issuer’s Principal Executive Offices:

 

     9000 State Road
     Philadelphia, PA 19136

 

Item 2

 

(a) Name of Person Filing:

 

     Snow Capital Management, L.P.

 

(b) Address of Principal Business Office or, if None, Residence:

 

     2000 Georgetowne Drive, Suite 200
     Sewickley, PA 15143

 

(c) Citizenship:

 

     Pennsylvania

 

(d) Title of Class of Securities:

 

     Common Stock, $0.001 Par Value

 

(e) CUSIP Number:

 

     516012101

 

Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a:

 

     (e) [x] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).


CUSIP No. 516012101   Schedule 13G

 

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: 2,526,240

 

(b) Percent of class: 6.8%

 

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

 

     (i) Sole power to vote or to direct the vote:
          2,404,017

 

     (ii) Shared power to vote or to direct the vote:
           0

 

     (iii) Sole power to dispose or to direct the disposition of:
            2,526,240

 

     (iv) Shared power to dispose or to direct the disposition of:
            0

 

Item 5 Ownership of Five Percent or Less of Class:

 

     Not Applicable

 

Item 6 Ownership of More than Five Percent on Behalf of Another Person:

 

     Not Applicable

 

Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by Parent Holding Company:

 

     Not Applicable

 

Item 8 Identification and Classification of Members of the Group:

 

     Not Applicable

 

Item 9 Notice of Dissolution of Group:

 

     Not Applicable


CUSIP No. 516012101   Schedule 13G

 

Item 10 Certification:

 

(a) 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 or 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.

 

(b) Not Applicable.

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.

February 3, 2017

 

(Date)

/Richard A. Snow/

 

(Signature)

Richard A. Snow, President of

Snow Capital Management, Inc.,

General Partner of Snow Capital Management, L.P.

 

(Name/Title)