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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Call Options (Right to Buy) | $ 10 | 11/09/2018 | P | 2,802 | 11/09/2018 | 12/21/2018 | Common Stock | 280,200 | $ 0.2341 (1) | 2,802 | I | See footnotes (2) (3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Deer Park Road Management Company, LP 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
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Deer Park Road Management GP, LLC 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
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Deer Park Road Corp 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
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Craig-Scheckman Michael David 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
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AgateCreek LLC 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
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Burg Scott Edward 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
Deer Park Road Management Company, LP, By: Deer Park Road Management GP, LLC its general partner, By: Deer Park Road Corporation, its managing member, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer | 11/13/2018 | |
**Signature of Reporting Person | Date | |
Deer Park Road Management GP, LLC, By: Deer Park Road Corporation, its managing member, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer | 11/13/2018 | |
**Signature of Reporting Person | Date | |
Deer Park Road Corporation, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer | 11/13/2018 | |
**Signature of Reporting Person | Date | |
/s/ Michael David Craig-Scheckman | 11/13/2018 | |
**Signature of Reporting Person | Date | |
AgateCreek LLC, By: /s/ Scott Edward Burg, Sole Member | 11/13/2018 | |
**Signature of Reporting Person | Date | |
/s/ Scott Edward Burg | 11/13/2018 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | The price reported in Column 4 is a weighted average price. These options to acquire shares of the Issuer's common stock ("Options") were purchased in multiple transactions at prices ranging from $0.20 to $0.25, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Options purchased at each separate price within the range set forth in footnote (1). |
(2) | These Options are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP ("Deer Park") serves as investment adviser to STS Master Fund, Ltd. |
(3) | Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael David Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the sole owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Options except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Options for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |