4//SEC Filing
Wolverine Trading Partners, Inc. 4
Accession 0000950142-20-000963
CIK 0000018172other
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 6:02 PM ET
Size
15.5 KB
Accession
0000950142-20-000963
Insider Transaction Report
Form 4
WOLVERINE ASSET MANAGEMENT LLC
10% Owner
Transactions
- Other
5.0% / 7.0% Convertible Sr Secured PIK Toggle Notes due 2022
2020-03-27(indirect: See footnote)→ Common Stock, par value $0.01 per share - Other
Common Stock, par value $0.01 per share ("Common Stock")
2020-03-27+3,681,985→ 3,752,890 total(indirect: See footnote) - Other
3.0% / 5.0% Convertible Sr Secured PIK Toggle Notes due 2024
2020-03-27(indirect: See footnote)→ Common Stock, par value $0.01 per share (10,938,022 underlying)
Wolverine Holdings, L.P.
10% Owner
Transactions
- Other
5.0% / 7.0% Convertible Sr Secured PIK Toggle Notes due 2022
2020-03-27(indirect: See footnote)→ Common Stock, par value $0.01 per share - Other
3.0% / 5.0% Convertible Sr Secured PIK Toggle Notes due 2024
2020-03-27(indirect: See footnote)→ Common Stock, par value $0.01 per share (10,938,022 underlying) - Other
Common Stock, par value $0.01 per share ("Common Stock")
2020-03-27+3,681,985→ 3,752,890 total(indirect: See footnote)
Wolverine Trading Partners, Inc.
10% Owner
Transactions
- Other
5.0% / 7.0% Convertible Sr Secured PIK Toggle Notes due 2022
2020-03-27(indirect: See footnote)→ Common Stock, par value $0.01 per share - Other
Common Stock, par value $0.01 per share ("Common Stock")
2020-03-27+3,681,985→ 3,752,890 total(indirect: See footnote) - Other
3.0% / 5.0% Convertible Sr Secured PIK Toggle Notes due 2024
2020-03-27(indirect: See footnote)→ Common Stock, par value $0.01 per share (10,938,022 underlying)
Footnotes (4)
- [F1]On March 27, 2020, the Issuer completed an exchange transaction (the "Exchange"), whereby it issued new 3.00%/5.00% Convertible Senior PIK Toggle Notes due 2024 (the "New Notes") and shares of its Common Stock in exchange for its existing 5.00%/7.00% Convertible Senior PIK Toggle Notes due 2022 (the "Old Notes"). In connection with the Exchange, the Reporting Persons received an aggregate of 3,681,985 shares of Common Stock and $4,985,509.00 in aggregate principal amount of New Notes in exchange for $9,967,379 in aggregate principal amount of Old Notes beneficially owned by the Reporting Persons, plus accrued and unpaid interest thereon.
- [F2]The New Notes are convertible at the election of the holder at any time prior to the close of business on the trading day immediately preceding August 31, 2024, the maturity date of the New Notes. The New Notes are convertible into shares of Common Stock at an initial conversion rate of 2.1939631 shares of Common Stock per $1.00 principal amount of New Notes (subject to adjustment in certain circumstances).
- [F3]Upon conversion of the New Notes, the settlement of the conversion right may, at the option of the Issuer, be in the form of shares of Common Stock, cash or a combination of cash and shares of Common Stock.
- [F4]This statement is filed by: (i) Wolverine Asset Management, LLC, an Illinois limited liability company ("WAM"), as the investment manager of Wolverine Flagship Fund Trading Limited ("Flagship"); (ii) Wolverine Holdings, L.P., an Illinois limited partnership ("WH"), as the sole member and manager of WAM; (iii) Wolverine Trading Partners, Inc., an Illinois corporation ("WTP"), as the sole general partner of WH; (iv) Christopher L. Gust, as a control shareholder of WTP; and (v) Robert R. Bellick, as a control shareholder of WTP. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of such Reporting Person's pecuniary interest therein.
Documents
Issuer
A. M. Castle & Co.
CIK 0000018172
Entity typeother
IncorporatedIL
Related Parties
1- filerCIK 0001642866
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 6:02 PM ET
- Size
- 15.5 KB