ADVENT SOFTWARE INC /DE/ 4
4 · ADVENT SOFTWARE INC /DE/ · Filed Jul 3, 2013
Insider Transaction Report
Form 4
WEINBERG ELI J
10% Owner
Transactions
- Purchase
Common Stock
2013-07-01+0→ 8,198,921 total(indirect: See footnotes)
Footnotes (3)
- [F1]This form is being filed as part of an internal restructuring that occurred on July 1, 2013 in which Eli J. Weinberg ("EJW") became, for purposes of Section 13D of the Securities and Exchange Act of 1934, an additional controlling person of SPO Advisory Corp. ("SPO Corp."), which also involved the John H. Scully Living Trust ("JHS Trust") and the Edward & Elizabeth McDermott Trust ("EHM Trust"). As a result of his becoming an additional controlling person, EJW may be deemed to form a "group" together with (i) SPO Partners II, L.P. ("SPO Partners") and San Francisco Partners, L.P. ("SF Partners"), (ii) SPO Advisory Partners, L.P. ("SPO Advisory"), the sole general partner of SPO Partners, (iii) SF Advisory Partners, L.P. ("SF Advisory"), the sole general partner of SF Partners, (iv) SPO Corp., the sole general partner of SPO Advisory and SF Advisory, (v) John H. Scully ("JHS"), Edward H. McDermott ("EHM"), and EJW, the three controlling persons of SPO Corp.
- [F2]Additionally, following the transaction which caused this filing, 7,526,521 shares of the Issuer's common stock are owned directly by SPO Partners and may be deemed to be indirectly beneficially owned by (i) SPO Advisory, (ii) SPO Corp. and (iii) JHS, EHM and EJW. Additionally, 672,400 shares of the Issuer's common stock are owned directly by SF Partners, and may be deemed to be indirectly beneficially owned by (i) SF Advisory, (ii) SPO Corp. and (iii) JHS, EHM and EJW.
- [F3]Additionally, following the transaction which caused this filing, JHS beneficially owns 400 shares of the Issuer's common stock held in the JHS individual retirement accounts, which are self directed. Additionally, Phoebe Snow Foundation ("PSF") owns 31,800 shares of the Issuer's common stock. These shares may be deemed to be beneficially owned by JHS solely in his capacity as a controlling person, director and executive officer of PSF. Additionally, JHS owns 120,000 stock options of the Issuer's common stock. These stock options were granted to JHS as a director of the company. Pursuant to the partnership agreement governing SPO Partners, total stock options owned by JHS may be deemed to be indirectly beneficially owned by SPO Partners, along with any profits arising from the exercise of the aforementioned stock options. Additionally, EJW owns 340 shares of the Issuer's common stock in his individual account, which is self directed.