Pendrell Corp (PCO): Highland Capital Halves Its Stake Following Stock’s Big Run

NAME OF
REPORTING PERSONS

Strand Advisors, Inc.

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*

(a)  ¨        (b)  ¨

SEC USE ONLY

CITIZENSHIP OR PLACE OF
ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER

0

SHARED VOTING POWER

13,906,755**

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

13,906,755**

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,906,755**

CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*

¨

PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9

6.5%**

TYPE OF REPORTING PERSON*

HC, CO