13D Filing: Carl Icahn Files Update on Icahn Enterprises LP (IEP)

Billionaire investor Carl Icahn‘s investment firm Icahn Capital has filed a Form 13D on Icahn Enterprises LP (NASDAQ:IEP), his holding company which has tumbled by 37% over the past year. The filing shows that Icahn holds a position in Icahn Enterprises of 117.72 million shares accounting for 89.07% of the company’s outstanding shares.

Of further note is that Item 4 of the filing was amended to reflect the following:

On February 29, 2016, the Issuer entered into a Contribution Agreement with IRL Holding LLC (“IRL”), a company wholly owned by Carl C. Icahn (the “Agreement”), pursuant to which IRL contributed to the Issuer an approximately 25% membership interest in American Railcar Leasing LLC, a subsidiary of the Issuer. In exchange for such contribution, the Issuer issued 685,367 Depositary Units in the aggregate to IRL (which Depositary Units were subsequently transferred to Highcrest). The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed herewith as Exhibit 1 and is incorporated herein by reference.
On March 1, 2016, High Coast entered into a Stock Purchase Plan Engagement Agreement with a broker (the “Purchase Plan”), which is intended to comply with the requirements of Rule 10b5-1(c)(1) under the Exchange Act and provides for the purchase of Depositary Units on behalf of High Coast pursuant to parameters set forth in the Purchase Plan. The foregoing description of the Purchase Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Plan, a copy of which is filed herewith as Exhibit 2 and is incorporated herein by reference. The Reporting Persons intend to acquire additional Depositary Units from time to time pursuant to the Purchase Plan, in the open market, in privately negotiated transactions or otherwise.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
CCI Onshore 28,584,399 0 28,584,399 0 28,584,399 21.74%
Gascon Partners 17,368,681 0 17,368,681 0 17,368,681 13.21%
High Coast Limited Partnership 52,358,741 28,584,399 52,358,741 28,584,399 80,943,140 61.56%
Highcrest Investors 14,175,778 0 14,175,778 0 14,175,778 10.73%
Thornwood Associates Limited Partnership 5,231,586 0 5,231,586 0 5,231,586 3.98%
Barberry Corp 8 5,231,586 10 5,231,586 5,231,586 3.98%
Starfire Holding Corporation 0 14,175,778 0 14,175,778 14,175,778 10.73%
Little Meadow Corp 0 98,311,821 0 98,311,821 98,311,821 74.77%
Carl C. Icahn 0 117,719,185 0 117,719,185 117,719,185 89.07%
Carl Icahn
Carl Icahn
Icahn Capital LP

Page 1 of 13 SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 39)*
Icahn Enterprises L.P.
(Name of Issuer)
Depositary Units Representing Limited Partner Interests
(Title of Class of Securities)
029169 10 9
(CUSIP Number)
Jesse Lynn, Esq.
Icahn Associates LLC
767 Fifth Avenue, 47th Floor
New York, New York 10153
(212) 702-4300
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 29, 2016
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box / /.
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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