13G Filing: Governors Lane and Federal Street Acquisition Corp (FSACU)

Item 1.

(a) Name of Issuer

Federal Street Acquisition Corp.

(b) Address of Issuer’s Principal Executive Offices

100 Federal Street, 35th Floor

Boston, MA  02110

Item 2.

(a) Name of Person Filing

This statement is being filed by (i) Governors Lane LP, (ii) Governors Lane Fund General Partner LLC and (iii) Isaac Corre. Governors Lane LP serves as discretionary investment manager to Governors Lane Master Fund LP and Governors Lane SIF LP. Governors Lane Fund General Partner LLC is the general partner of Governors Lane Master Fund LP and Governors Lane SIF LP. Mr. Corre is the chief executive officer of Governors Lane LP and the managing member of Governors Lane Fund General Partner LLC.

(b) Address of Principal Business Office or, if none, Residence

The address of the principal business office of Governors Lane LP is 510 Madison Avenue, 10th Floor, New York, NY 10022. The address of the principal business office of the remaining Reporting Persons is c/o Governors Lane LP, 510 Madison Avenue, 10th Floor, New York, NY 10022.

(c) Citizenship

(i)   Governors Lane LP is a Delaware limited partnership.

(ii)  Governors Lane Fund General Partner LLC is a Delaware limited liability company.

(iii)  Isaac Corre is a United States citizen.

(d) Title of Class of Securities

Class A Common Stock, par value $0.0001 per share, referred to herein as the “Class A Common Stock.”

(e) CUSIP No.

The Class A Common  Stock has no CUSIP number. The CUSIP number for the units, which include Class A Common Stock, is 31421V206.