Home/Filings/4/0001062993-18-000711

4//SEC Filing

Beltzman Daniel Gordon 4

Accession 0001062993-18-000711

CIK 0001040719other

View on SEC.gov Company Profile

Filed

Feb 12, 7:00 PM ET

Accepted

Feb 13, 5:41 PM ET

Size

32.9 KB

Accession

0001062993-18-000711

Insider Transaction Report

Form 4

Period: 2018-02-09

DITECH HOLDING CorpDHCP

Beltzman Daniel Gordon

10% Owner

Transactions

Award
Series B Warrants
2018-02-09+9,687→ 9,687 total
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (9,687 underlying)
Award
Series A Warrants
2018-02-09+94,462→ 94,462 total(indirect: By Birch Run Capital Partners, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (94,462 underlying)
Award
Series B Warrants
2018-02-09+74,954→ 74,954 total(indirect: By Birch Run Capital Partners, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (74,954 underlying)
Award
Series A Warrants
2018-02-09+290,778→ 290,778 total(indirect: By Walloon BRC, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (290,778 underlying)
Award
Series B Warrants
2018-02-09+230,727→ 230,727 total(indirect: By Walloon BRC, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (230,727 underlying)
Award
Series A Warrants
2018-02-09+339,241→ 339,241 total(indirect: By Pike BRC, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (339,241 underlying)
Award
Series B Warrants
2018-02-09+269,181→ 269,181 total(indirect: By Pike BRC, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (269,181 underlying)
Award
Series A Warrants
2018-02-09+12,209→ 12,209 total
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (12,209 underlying)

Holdings

Common Stock
7,166
Common Stock
(indirect: By Birch Run Capital Partners, LP)
55,446
Common Stock
(indirect: By Pike BRC, LP)
199,122
Common Stock
(indirect: By Walloon BRC, LP)
170,676

Smith Gregory Howard

10% Owner

Transactions

Award
Series A Warrants
2018-02-09+12,209→ 12,209 total
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (12,209 underlying)
Award
Series B Warrants
2018-02-09+9,687→ 9,687 total
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (9,687 underlying)
Award
Series A Warrants
2018-02-09+94,462→ 94,462 total(indirect: By Birch Run Capital Partners, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (94,462 underlying)
Award
Series B Warrants
2018-02-09+74,954→ 74,954 total(indirect: By Birch Run Capital Partners, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (74,954 underlying)
Award
Series A Warrants
2018-02-09+290,778→ 290,778 total(indirect: By Walloon BRC, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (290,778 underlying)
Award
Series B Warrants
2018-02-09+230,727→ 230,727 total(indirect: By Walloon BRC, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (230,727 underlying)
Award
Series A Warrants
2018-02-09+339,241→ 339,241 total(indirect: By Pike BRC, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (339,241 underlying)
Award
Series B Warrants
2018-02-09+269,181→ 269,181 total(indirect: By Pike BRC, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (269,181 underlying)

Holdings

Common Stock
7,166
Common Stock
(indirect: By Birch Run Capital Partners, LP)
55,446
Common Stock
(indirect: By Walloon BRC, LP)
170,676
Common Stock
(indirect: By Pike BRC, LP)
199,122

Birch Run Capital, LLC

10% Owner

Transactions

Award
Series A Warrants
2018-02-09+290,778→ 290,778 total(indirect: By Walloon BRC, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (290,778 underlying)
Award
Series B Warrants
2018-02-09+74,954→ 74,954 total(indirect: By Birch Run Capital Partners, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (74,954 underlying)
Award
Series A Warrants
2018-02-09+339,241→ 339,241 total(indirect: By Pike BRC, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (339,241 underlying)
Award
Series B Warrants
2018-02-09+269,181→ 269,181 total(indirect: By Pike BRC, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (269,181 underlying)
Award
Series A Warrants
2018-02-09+12,209→ 12,209 total
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (12,209 underlying)
Award
Series B Warrants
2018-02-09+9,687→ 9,687 total
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (9,687 underlying)
Award
Series A Warrants
2018-02-09+94,462→ 94,462 total(indirect: By Birch Run Capital Partners, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (94,462 underlying)
Award
Series B Warrants
2018-02-09+230,727→ 230,727 total(indirect: By Walloon BRC, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (230,727 underlying)

Holdings

Common Stock
7,166
Common Stock
(indirect: By Birch Run Capital Partners, LP)
55,446
Common Stock
(indirect: By Walloon BRC, LP)
170,676
Common Stock
(indirect: By Pike BRC, LP)
199,122

BRC Advisors GP, LLC

10% Owner

Transactions

Award
Series B Warrants
2018-02-09+9,687→ 9,687 total
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (9,687 underlying)
Award
Series A Warrants
2018-02-09+94,462→ 94,462 total(indirect: By Birch Run Capital Partners, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (94,462 underlying)
Award
Series B Warrants
2018-02-09+74,954→ 74,954 total(indirect: By Birch Run Capital Partners, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (74,954 underlying)
Award
Series A Warrants
2018-02-09+290,778→ 290,778 total(indirect: By Walloon BRC, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (290,778 underlying)
Award
Series B Warrants
2018-02-09+230,727→ 230,727 total(indirect: By Walloon BRC, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (230,727 underlying)
Award
Series A Warrants
2018-02-09+339,241→ 339,241 total(indirect: By Pike BRC, LP)
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (339,241 underlying)
Award
Series B Warrants
2018-02-09+269,181→ 269,181 total(indirect: By Pike BRC, LP)
Exercise: $28.25From: 2018-02-09Exp: 2028-02-09→ Common Stock (269,181 underlying)
Award
Series A Warrants
2018-02-09+12,209→ 12,209 total
Exercise: $20.63From: 2018-02-09Exp: 2028-02-09→ Common Stock (12,209 underlying)

Holdings

Common Stock
7,166
Common Stock
(indirect: By Birch Run Capital Partners, LP)
55,446
Common Stock
(indirect: By Walloon BRC, LP)
170,676
Common Stock
(indirect: By Pike BRC, LP)
199,122

Footnotes (5)

[F1]On February 9, 2018 (the "Effective Date"), the Issuer's Amended Prepackaged Plan of Reorganization (the "Plan") became effective, and the Issuer emerged from bankruptcy proceedings. On the Effective Date, all outstanding shares of the Issuer's common stock, par value $0.01 per share ("Old Common Stock") and all rights of any holder in respect thereof were cancelled and extinguished. Pursuant to the Plan, on the Effective Date, each holder of Old Common Stock (including the Reporting Persons) received, in respect of one share of Old Common Stock (i) 0.05689208 shares of new common stock, par value $0.01 per share ("Common Stock"), (ii) 0.09692659 Series A Warrants to purchase an equivalent number of shares of Common Stock, and 0.07690920 Series B Warrants to purchase an equivalent number of shares of Common Stock, in all cases, subject to rounding with no fractional shares or warrants issuable. Such transaction was involuntary and in accordance with the terms of the Plan.
[F2]These securities are held directly by Birch Run Capital Partners, L.P., Walloon BRC, L.P., and Pike BRC, L.P. (collectively, the "Funds"). As of the date of this filing: Birch Run Capital Partners, L.P. directly holds 55,446 shares of Common Stock, 94,462 Series A Warrants, and 74,954 Series B Warrants; Walloon BRC, L.P. directly holds 170,676 shares of Common Stock, 290,778 Series A Warrants, and 230,727 Series B Warrants; and Pike BRC, L.P. directly holds 199,122 shares of Common Stock, 339,241 Series A Warrants, and 269,181 Series B Warrants.
[F3]Birch Run Capital GP, L.L.C. serves as the General Partner to Birch Run Capital Partners, L.P., Walloon BRC GP, L.L.C. serves as the General Partner to Walloon BRC, L.P. and Pike BRC GP, L.L.C. serves as the General Partner to Pike BRC, L.P. (collectively, "the General Partners"). Daniel Beltzman and Gregory Smith are the Co-Managing Members of the General Partners. As owners of the General Partners to the Funds, Messrs. Beltzman and Smith may share in an allocation of the profits of the Funds.
[F4]Birch Run Capital Advisors, L.P. (the "Adviser") serves as the Investment Adviser to the Funds. Pursuant to management agreements among the Adviser, the Funds, and their respective general partners, the Adviser has complete and unlimited discretion and authority with respect to the Funds' investments and voting power over investments. In connection with the services provided by the Adviser, the Adviser receives an asset-based management fee that does not confer any pecuniary interest in the securities held by the Funds. BRC Advisors GP, L.L.C. ("Adviser GP") is the General Partner to the Adviser. Daniel Beltzman and Gregory Smith are the Limited Partners of the Adviser and the Co-Managing Members of the Adviser GP. The Adviser, the Adviser GP, Daniel Beltzman and Gregory Smith may be deemed to share voting and dispositive power over the reported securities.
[F5]Each of the Adviser, the Adviser GP, Daniel Beltzman, and Gregory Smith disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any such reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Documents

1 file

4
form4.xmlPrimary
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Issuer

DITECH HOLDING Corp

CIK 0001040719

→

Entity typeother

Related Parties

filerCIK 0001550099

Filing Metadata

Form type: 4
Filed: Feb 12, 7:00 PM ET
Accepted: Feb 13, 5:41 PM ET
Size: 32.9 KB

View on SEC.gov