Air Products & Chemicals Inc (APD): Bill Ackman Loads Up on Call Options

SCHEDULE 13D

NAME OF
REPORTING PERSON

Pershing Square Capital Management, L.P.

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP

(a)  ¨        (b)  x

SEC USE ONLY

SOURCE OF FUNDS (SEE INSTRUCTIONS)

OO

CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

¨

CITIZENSHIP OR PLACE OF
ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER

0

SHARED VOTING POWER

20,549,076

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

20,549,076

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

20,549,076

CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES

¨

PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)

9.5%(1)

TYPE OF REPORTING PERSON

IA