Statement of Changes in Beneficial Ownership (4)
January 29 2021 - 4:05PM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Deer Park Road Management Company, LP |
2. Issuer Name and Ticker or Trading Symbol
Front Yard Residential Corp
[
RESI
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
|
(Last)
(First)
(Middle)
1195 BANGTAIL WAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/11/2021 |
(Street)
STEAMBOAT SPRINGS, CO 80487
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. 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
|
Common Stock | 1/11/2021 | | J(1) | | 8682494 | D | (1) | 0 | I | See footnotes (2)(3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Explanation of Responses: |
(1) | Reflects disposition in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of October 19, 2020 (the "Original Agreement"), as amended by the First Amendment to Agreement and Plan of Merger, dated as of November 20, 2020 (the "Amendment" and, together with the Original Agreement, the "Merger Agreement"), by and among the Issuer, Pretium Midway Holdco, LP ("Parent") and Midway AcquisitionCo REIT ("Merger Sub"), pursuant to which the Issuer merged with and into Merger Sub (the "Merger"), with Merger Sub surviving the Merger as a wholly owned subsidiary of Parent, and each Share issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive $16.25 per Share in cash without interest and subject to deduction for any required withholding taxes. |
(2) | These shares of the Issuer's common stock ("Shares") 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 Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority 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 Shares 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 Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Deer Park Road Management Company, LP 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
| X |
|
|
Deer Park Road Management GP, LLC 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
| X |
|
|
Deer Park Road Corp 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
| X |
|
|
Craig-Scheckman Michael 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
| X |
|
|
AgateCreek LLC 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
| X |
|
|
Burg Scott Edward 1195 BANGTAIL WAY STEAMBOAT SPRINGS, CO 80487 |
| X |
|
|
Signatures
|
Deer Park Road Management Company, LP, By: /s/ Bradley W. Craig, Chief Operating Officer | | 1/29/2021 |
**Signature of Reporting Person | Date |
Deer Park Road Management GP, LLC, By: /s/ Deer Park Road Corporation, its managing member, By: /s/ Bradley W. Craig, attorney-in fact for Michael Craig Scheckman, Chief Executive Officer of Deer Park Corporation | | 1/29/2021 |
**Signature of Reporting Person | Date |
Deer Park Road Corporation, By: /s/Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman, Chief Executive Officer of Deer Park Corporation | | 1/29/2021 |
**Signature of Reporting Person | Date |
Deer Park Road Corporation, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman | | 1/29/2021 |
**Signature of Reporting Person | Date |
AgateCreek LLC, By: /s/ Bradley W. Craig, attorney-in-fact for Scott Edward Burg, Sole Member of AgateCreek LLC | | 1/29/2021 |
**Signature of Reporting Person | Date |
Scott Edward Burg, /s/ Bradley W. Craig, attorney-in-fact for Scott Edward Burg | | 1/29/2021 |
**Signature of Reporting Person | Date |
Kelly Strategic (NYSE:RESI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kelly Strategic (NYSE:RESI)
Historical Stock Chart
From Jul 2023 to Jul 2024