4//SEC Filing
Oaktree Organics, L.P. 4
Accession 0000899243-20-011445
CIK 0000351834other
Filed
Apr 27, 8:00 PM ET
Accepted
Apr 28, 5:15 PM ET
Size
27.2 KB
Accession
0000899243-20-011445
Insider Transaction Report
Form 4
SunOpta Inc.STKL
Oaktree Fund GP, LLC
10% Owner
Transactions
- Other
Special Shares, Series 2
2020-04-24+0→ 0 total - Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying)
Oaktree Capital I, L.P.
10% Owner
Transactions
- Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying) - Other
Special Shares, Series 2
2020-04-24+0→ 0 total
OCM HOLDINGS I, LLC
10% Owner
Transactions
- Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying) - Other
Special Shares, Series 2
2020-04-24+0→ 0 total
OAKTREE HOLDINGS, LLC
10% Owner
Transactions
- Other
Special Shares, Series 2
2020-04-24+0→ 0 total - Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying)
Partners Ltd
10% Owner
Transactions
- Other
Special Shares, Series 2
2020-04-24+0→ 0 total - Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying)
OAKTREE FUND GP I, L.P.
10% Owner
Transactions
- Other
Special Shares, Series 2
2020-04-24+0→ 0 total - Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying)
Oaktree Capital Group, LLC
10% Owner
Transactions
- Other
Special Shares, Series 2
2020-04-24+0→ 0 total - Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying)
Oaktree Organics, L.P.
10% Owner
Transactions
- Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying) - Other
Special Shares, Series 2
2020-04-24+0→ 0 total
Transactions
- Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying) - Other
Special Shares, Series 2
2020-04-24+0→ 0 total
BROOKFIELD Corp /ON/
10% Owner
Transactions
- Other
Special Shares, Series 2
2020-04-24+0→ 0 total - Purchase
Series B-1 Preferred Stock
2020-04-24$1000.00/sh+12,538.52$12,538,520→ 12,538.52 total→ Common Shares (5,015,408 underlying)
Footnotes (6)
- [F1]Represents up to 6,000,0000 Special Shares, Series 2 (the "Special Voting Shares") that, subject to certain caps (the "Voting Trust Caps") as provided in the Voting Trust Agreement (as defined below), may be issued and deposited with OCM SunOpta Trustee LLC, an affiliate of the Reporting Persons (as defined below), as trustee (the "Trustee") for and on behalf of Oaktree Organics, LP. ("Organics") and other holders of Preferred Shares (as defined below) of SunOpta Foods Inc. (the "Subsidiary") from time to time pursuant to a voting trust agreement dated April 24, 2020 (the "Voting Trust Agreement"), among SunOpta Inc. (the "Company"), the Subsidiary, Organics, Oaktree Huntington Investment Fund II, L.P. and the Trustee. The Special Shares serve as the mechanism for attaching exchanged voting to the Preferred Shares. As a result of the Voting Trust Caps, no Special Voting Shares have been issued to the Reporting Persons (as defined below).
- [F2]Organics directly owns the securities reported herein. This Form 4 is also being filed by (i) Oaktree Fund GP, LLC ("Fund GP") in its capacity as general partner of Organics (ii) Oaktree Fund GP I, L.P. ("GP I") in its capacity as managing member of Fund GP; (iii) Oaktree Capital I, L.P. ("Capital I") in its capacity as the general partner of GP I; (iv) OCM Holdings I, LLC ("Holdings I") in its capacity as the general partner of Capital I; (v) Oaktree Holdings, LLC ("Holdings LLC") in its capacity as the managing member of Holdings I;. (vi) Oaktree Capital Group, LLC ("OCG") in its capacity as the managing member of Holdings LLC; (vii) Oaktree Capital Group Holdings GP, LLC ("OCGH GP") in its capacity as the duly appointed manager of OCG;
- [F3](Continued from footnote 2) (viii) Brookfield Asset Management, Inc. ("BAM") in its capacity as the indirect owner of the class A units of OCG and (ix) Partners Limited, in its capacity as the sole owner of Class B Limited Voting Shares of BAM (each a "Reporting Person" and, collectively, the "Reporting Persons").
- [F4]Each Reporting Person disclaims beneficial ownership of all equity securities reported herein except to the extent of its respective pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.
- [F5]Shares of the Series B-1 Preferred Stock of the Subsidiary (the "Preferred Shares") may be exchanged at any time into the number of Common Shares of the Company, subject to certain restrictions including those set forth in Note (6) below, equal to, per Preferred Share, the quotient of the liquidation preference of the Preferred Share divided by $2.50 (the "Exchange Price"), subject to customary anti-dilution adjustments, provided that the Exchange Price may not be lower than $2.00 (subject to adjustment in certain circumstances). The Preferred Shares have no expiration date.
- [F6]The number of Common Shares reported herein represents the number of Common Shares that would be issuable upon the exchange of all of the 12,538.52 Preferred Shares held by Organics without giving effect to the Exchange Caps and the Rights Plan Exchange Cap (each as defined in the Subsidiary's Second Amended and Restated Certificate of Incorporation). The Exchange Caps and the Rights Plan Exchange Cap limit the number Common Shares that are exchangeable by the Reporting Persons for the Preferred Shares.
Documents
Issuer
SunOpta Inc.
CIK 0000351834
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001687182
Filing Metadata
- Form type
- 4
- Filed
- Apr 27, 8:00 PM ET
- Accepted
- Apr 28, 5:15 PM ET
- Size
- 27.2 KB