Benefit Street Partners LLC's Form 4/A amendment
AmendedJakks Pacific Inc (JAKK) · filed Dec 30, 2021
- Accession no.
- 0000905718-21-001653
- Filed
- Dec 30, 2021, 1:57 PM ET
- Trade date
- Dec 15, 2021
- Filing delay
- 15 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Dec 20, 2021
This filing lists 2 non-derivative transactions. Open-market purchases total $4.89M. It was filed 15 days after the trade.
This amendment replaces 0000905718-21-001628 (filed Dec 20, 2021).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Benefit Street Partners LLCCIK 0001543160 | 10% Owner |
| Gahan ThomasCIK 0001610124 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 15, 2021 | Common Stock | PPurchaseAcquired | +119,884 | $10.70 | +$1,282,758.8 | 1,476,523 | Indirect | |
| Dec 15, 2021 | Series A Senior Preferred Stock | PPurchaseAcquired | +40,965 | $87.98 | +$3,604,199.02 | 145,788 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The reported securities are held by one or more private funds and accounts (the "BSP Funds"). Benefit Street Partners L.L.C. ("BSP") is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended. BSP, either directly or through one or more affiliated entities, serves as the investment adviser to each of the BSP Funds. Mr. Gahan controls BSP in his role as Chief Executive Officer of BSP's sole managing member. As a result, each of BSP and Mr. Gahan may be deemed to beneficially own the securities held by the BSP Funds. Each reporting person disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F2
The BSP Funds collectively own a majority of the issued and outstanding shares of the Series A Senior Preferred Stock (the "Preferred Stock") of JAKKS Pacific, Inc. (the "Issuer"). Pursuant to the certificate of designations, as amended, governing the Preferred Stock, holders of the Preferred Stock have the right to vote on certain matters, including election of two directors to the Issuer's board of directors, as a separate class from the Issuer's common stock (the "Common Stock"); however, the Preferred Stock is not convertible into Common Stock. Matthew Winkler, a managing director at BSP, and Lori MacPherson currently serve as BSP's designees to the Issuer's board of directors.
Remarks
This Form 4 is being filed to amend an inadvertent error in the reported prices for the Common Stock and Series A Preferred Stock in Column 4 of Table I reported in the original Form 4 filed on December 20, 2021.