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4//SEC Filing

MATLINPATTERSON LLC 4

Accession 0001181431-13-029344

CIK 0000878560other
View on SEC.govCompany Profile

Filed

May 20, 8:00 PM ET

Accepted

May 21, 2:17 PM ET

Size

23.3 KB

Accession

0001181431-13-029344

Insider Transaction Report

Form 4
Period: 2013-05-20
STANDARD PACIFIC CORP /DE/SPF
PATTERSON MARK R
10% Owner
Transactions
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
MatlinPatterson Global Opportunities Partners III LP
10% Owner
Transactions
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
MatlinPatterson Global Opportunities Partners (Cayman) III LP
10% Owner
Transactions
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
MATLINPATTERSON ASSET MANAGEMENT LLC
10% Owner
Transactions
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
MP CA Homes LLC
10% Owner
Transactions
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
MatlinPatterson Global Partners III LLC
10% Owner
Transactions
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
MATLINPATTERSON GLOBAL ADVISERS LLC
10% Owner
Transactions
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
MATLINPATTERSON LLC
10% Owner
Transactions
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
MATLIN DAVID J
Director
Transactions
  • Conversion

    Series B Junior Participating Convertible Preferred Stock

    2013-05-20−183,000→ 267,829 total
    From: 2008-08-18→ Common Stock (60,000,000 underlying)
  • Sale

    Common Stock

    2013-05-20$9.50/sh−23,000,000$218,500,000→ 66,400,000 total
  • Conversion

    Common Stock

    2013-05-20$3.05/sh+60,000,000$183,000,000→ 126,400,000 total
Footnotes (5)
  • [F1]MP CA Homes LLC was the direct owner of 89,400,000 shares of Common Stock and 450,829 shares of Series B Junior Participating Convertible Preferred Stock ("Junior Convertible Preferred Stock"). On May 20, 2013, MP CA Homes LLC sold 23,000,000 shares of Common Stock and also converted 183,000 shares of Junior Convertible Preferred Stock into 60,000,000 shares of Common Stock. MatlinPatterson Global Opportunities Partners III L.P. and MatlinPatterson Global Opportunities Partners (Cayman) III L.P. (together, "the Funds"), hold 100 percent of the membership interests in MP CA Homes LLC. MatlinPatterson Global Partners III LLC (the "General Partner") is the general partner of the Funds. MatlinPatterson Global Advisers LLC (the "Adviser") is the investment adviser to the Funds. MatlinPatterson PE Holdings LLC holds 100 percent of the voting interest and equity of the Adviser and the General Partner. (Continued in footnote 2)
  • [F2]MatlinPatterson LLC holds 100 percent of the equity of MatlinPatterson PE Holdings LLC. Other than MP CA Homes LLC, each of the foregoing reporting persons disclaims beneficial ownership of the shares held by MP CA Homes LLC, except to the extent that such reporting person holds an indirect pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
  • [F3]David J. Matlin and Mark R. Patterson are employees of the Adviser and each hold 50 percent of the membership interests in MatlinPatterson LLC. David J. Matlin and Mark R. Patterson may be deemed to have shared voting and investment control over the shares of the Issuer held by MP CA Homes LLC. They also have indirect pecuniary interests in the Funds. Their exact pecuniary interests therein are not readily determinable because they are subject to several variables, including without limitation, the internal rates of return of the Funds overall with respect to their indirect investment in the Issuer. David J. Matlin and Mark R. Patterson disclaim beneficial ownership of any of the reported securities except to the extent of their pecuniary interest therein.
  • [F4]Each share of Junior Convertible Preferred Stock is convertible into such number of shares of Common Stock of the Issuer equal to $1,000 divided by the applicable conversion price of the Junior Convertible Preferred Stock ($3.05 as of the date hereof, subject to anti-dilution adjustment); provided that upon such conversion the holder thereof cannot own more than 49% of the total voting power of the voting stock of the Issuer.
  • [F5]The Junior Convertible Preferred Stock has no expiration date.

Documents

1 file

Issuer

STANDARD PACIFIC CORP /DE/

CIK 0000878560

→
Entity typeother
IncorporatedDE

Related Parties

1
  • filerCIK 0001178798

Filing Metadata

Form type
4
Filed
May 20, 8:00 PM ET
Accepted
May 21, 2:17 PM ET
Size
23.3 KB
View on SEC.gov