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Filing Details

Accession Number:
0001405086-11-000166
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-05-02 14:34:57
Reporting Period:
2011-04-28
Filing Date:
2011-05-02
Filing Date Changed:
2011-05-02
Accepted Time:
2011-05-02 15:34:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1014669 Sterling Chemicals Inc SCHI Industrial Organic Chemicals (2860) 760502785
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1259927 Marc Lasry C/o Avenue Capital
399 Park Avenue, 6Th Fl.
New York NY 10022
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2011-04-28 684 $2.00 353,964 No 4 S Indirect SEE FOOTNOTES
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect SEE FOOTNOTES
Footnotes
  1. The shares of Common Stock, par value $0.01 per share (the "Common Stock") of Sterling Chemicals, Inc. (the "Issuer") the disposition of which is reported in this Form 4 were held directly by Avenue Special Situations Fund V, L.P., a private investment partnership ("Spec V"), Avenue Special Situations Fund IV, L.P., a private investment partnership ("Spec IV") and Avenue-CDP Global Opportunities Fund, L.P. a private investment partnership ("CDP"). Avenue Investments, L.P., a private investment partnership ("Investments"), and Avenue International Master, L.P., a private investment partnership (collectively, with Spec V, Spec IV, CDP and Investments, the "Avenue Entities") also hold shares of Common Stock of the Issuer, but did not dispose of any of such shares of Common Stock in the reported transaction. (See Footnote 2 for continuation.)
  2. The Reporting Person is (i) the Managing Member of Avenue Capital Management II GenPar, LLC, which is the general partner of Avenue Capital Management II, L.P., which is the registered investment adviser to each of the Avenue Entities and (ii) the Managing Member of each of the Managing Members of each of the general partners of the Avenue Entities.
  3. The Reporting Person is deemed to be the indirect beneficial owner of the shares of Common Stock of the Issuer the disposition of which is reported in this Form 4, as well as of the shares of Common Stock of the Issuer reported as beneficially owned following the reported transaction, by reason of his ability to direct the vote and/or disposition of such shares of Common Stock, and his pecuniary interest in such shares of Common Stock (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended) was a fractional interest in such amount. The Reporting Person disclaims beneficial ownership of any and all such amounts in excess of such actual pecuniary interest.