Stonehill Institutional Partners LP's Form 4/A amendment
AmendedVeradigm Inc. (MDRX) · filed Mar 15, 2024
- Accession no.
- 0001062993-24-006528
- Filed
- Mar 15, 2024, 5:16 PM ET
- Trade date
- Feb 28-Mar 1, 2024
- Filing delay
- 16 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Mar 4, 2024
This filing lists 6 non-derivative transactions. Open-market purchases total $66.0M. It was filed 16 days after the trade.
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 |
|---|---|
| Stonehill Institutional Partners LPCIK 0001052161 | 10% Owner |
| Stonehill Capital Management LLCCIK 0001266227 | 10% Owner |
| Motulsky JohnCIK 0001266230 | 10% Owner |
| Sacks Jonathan SCIK 0001388803 | 10% Owner |
| Sisitsky PeterCIK 0001454846 | 10% Owner |
| Stonehill Master Fund Ltd.CIK 0001454870 | 10% Owner |
| Thoyer MichaelCIK 0001582442 | 10% Owner |
| Stern Michael LenardCIK 0001600910 | 10% Owner |
| Zwahlen GarrettCIK 0002014853 | 10% Owner |
| Arora SamirCIK 0002015106 | 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 |
|---|---|---|---|---|---|---|---|---|
| Feb 28, 2024 | Common Stock, par value $0.01 per share | PPurchaseAcquired | +2,679,000 | $6.81 | +$18,243,990 | 7,766,686 | Indirect | Duplicate filing |
| Feb 28, 2024 | Common Stock, par value $0.01 per share | PPurchaseAcquired | +3,021,000 | $6.81 | +$20,573,010 | 8,758,176 | Indirect | Duplicate filing |
| Feb 29, 2024 | Common Stock, par value $0.01 per share | PPurchaseAcquired | +246,750 | $6.09F4 | +$1,502,707.5 | 8,013,436 | Indirect | Duplicate filing |
| Feb 29, 2024 | Common Stock, par value $0.01 per share | PPurchaseAcquired | +278,250 | $6.09F4 | +$1,694,542.5 | 9,036,426 | Indirect | Duplicate filing |
| Mar 1, 2024 | Common Stock, par value $0.01 per share | PPurchaseAcquired | +1,599,150 | $6.00F5 | +$9,594,900 | 9,612,586 | Indirect | Duplicate filing |
| Mar 1, 2024 | Common Stock, par value $0.01 per share | PPurchaseAcquired | +2,398,725 | $6.00F5 | +$14,392,350 | 11,435,151 | Indirect | Duplicate filing |
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
Held directly by Stonehill Master Fund Ltd (the "Master Fund").
- F2
Stonehill Capital Management LLC ("Management") is the manager of Stonehill Institutional Partners, L.P. (the "Fund") and the Master Fund. John Motulsky, Jonathan Sacks, Peter Sisitsky, Michael Thoyer, Michael Stern, Samir Arora and Garrett Zwahlen are the managing members of Management. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interests therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F3
Held directly by the Fund.
- F4
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.00 to $6.1474, inclusive. The reporting person undertakes 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 shares purchased at each separate price within the ranges set forth in footnotes 1 and 5 to this Form 4.
Referenced by the price of 2 transactions in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.9310 to $6.0947, inclusive.
Referenced by the price of 2 transactions in Table I.
Remarks
This amendment to the Form 4 filed on March 4, 2024 (the "Original Form 4") is being filed to add Stonehill Master Fund Ltd. (the "Master Fund"), Samir Arora and Garrett Zwahlen as additional reporting persons. The Master Fund, Mr. Arora and Mr. Zwahlen were named in the explanation of responses in the Original Form 4 and signed the Joint Filer Information and Signatures filed with the Original Form 4 as Exhibit 99.1, but were not included as reporting persons as they did not have codes to make filings on the EDGAR system.