Filing Details

Accession Number:
0001104659-22-003189
Form Type:
13D Filing
Publication Date:
2022-01-10 19:00:00
Filed By:
Tannenbaum Leonard M
Company:
Oaktree Specialty Lending Corp (NASDAQ:OCSL)
Filing Date:
2022-01-11
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Leonard M. Tannenbaum 0 17,519,392 0 17,519,392 17,519,392 9.7%
Filing

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a)

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 20)*

 

Oaktree Specialty Lending Corporation

(Name of Issuer)

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

67401P 108

(CUSIP Number)

 

Leonard M. Tannenbaum

525 Okeechobee Boulevard, Suite 1770

West Palm Beach, FL 33401

(203) 930-2139

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

January 10, 2022

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 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 § 240.13d-7 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).

 

 

 

 

 

 

CUSIP No. 67401P 108 13D Page 2 of 5 Pages

 

1

Name of Reporting Persons

 

Leonard M. Tannenbaum

 

2

Check the Appropriate Box if a Member of a Group

(See Instructions)

 

(a)   ¨

(b)   x

 

3

SEC Use Only

 

4

Source of Funds (See Instructions)

 

PF, AF, OO

5

Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)         ¨

 

6

Citizenship or Place of Organization

 

United States of America

Number of Shares
Beneficially
Owned by Each
Reporting Person
With
7

Sole Voting Power

 

0

8

Shared Voting Power

 

17,519,392

9

Sole Dispositive Power

 

0

10

Shared Dispositive Power

 

17,519,392

11

Aggregate Amount Beneficially Owned by Each Reporting Person

 

17,519,392

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares)                  ¨

(See Instructions)

 

13

Percent of Class Represented by Amount in Row (11)

 

9.7%

14

Type of Reporting Person (See Instructions)

 

IN

 

 

 

 

CUSIP No. 67401P 108 13D Page 3 of 5 Pages

 

Item 1.Security and Issuer

 

This Schedule 13D/A constitutes Amendment No. 20 to the Schedule 13D filed by Leonard M. Tannenbaum on December 31, 2015, as amended on January 29, 2016, February 24, 2016, March 29, 2016, September 12, 2016, December 21, 2016, March 7, 2017, March 10, 2017, March 27, 2017, July 17, 2017, October 4, 2017, October 25, 2017, April 12, 2019, July 9, 2019, December 20, 2019, January 30, 2020, December 15, 2020, March 26, 2021, May 28, 2021 and September 23, 2021. Except as amended herein, each such prior Schedule 13D, as previously amended, remains in effect. Capitalized terms used herein but not otherwise defined in this Amendment shall have the meaning ascribed to them in the reporting persons’ Schedules 13D as previously amended.

 

 

Item 5.Interest in Securities of the Issuer

 

Item 5 is amended and restated as follows:

 

(a)-(b)    The information set forth in rows 7 through 13 of the cover page to this Schedule 13D is incorporated by reference. The percentage set forth in row 13 is based on 180,360,662 Shares outstanding as of November 12, 2021, as reported in the Issuer’s Form 10-K as filed on November 16, 2021. For purposes of Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Mr. Tannenbaum has shared voting and dispositive power with Oaktree over the following Shares: (i) 14,806,795 Shares held by Mr. Tannenbaum directly; (ii) 1,379,824 Shares held by the Leonard M. Tannenbaum Foundation, for which Mr. Tannenbaum serves as the President; and (iii) 1,332,773 Shares held directly by the Leonard M. Tannenbaum 2012 Trust for the benefit of certain members of Mr. Tannenbaum’s family for which Mr. Bernard D. Berman and Mr. Gabriel Katz are Co-Trustees.

 

(c)        Schedule A sets forth all transactions with respect to Shares effected during the past 60 days.

 

 

 

 

CUSIP No. 67401P 108 13D Page 4 of 5 Pages

 

Schedule A

 

 

Name Date of
Transaction
Description of
Transaction
Amount of
Securities
Price per Share1
Leonard M. Tannenbaum November 8, 2021 Open-Market Sale 100,000 $7.5089
Leonard M. Tannenbaum November 9, 2021 Open-Market Sale 29,732 $7.5007
Leonard M. Tannenbaum November 10, 2021 Open-Market Sale 48,173 $7.5003
Leonard M. Tannenbaum November 11, 2021 Open-Market Sale 1,500 $7.5000
Leonard M. Tannenbaum November 16, 2021 Open-Market Sale 17,330 $7.4530
Leonard M. Tannenbaum November 17, 2021 Open-Market Sale 353,485 $7.5580
Leonard M. Tannenbaum December 2, 2021 Open-Market Sale 5,000 $7.5050
Leonard M. Tannenbaum December 6, 2021 Open-Market Sale 100 $7.5000
Leonard M. Tannenbaum December 13, 2021 Open-Market Sale 34,100 $7.5510
Leonard M. Tannenbaum December 23, 2021 Open-Market Sale 200,000 $7.5070
Leonard M. Tannenbaum December 27, 2021 Open-Market Sale 200,000 $7.5400
Leonard M. Tannenbaum December 28, 2021 Open-Market Sale 200,000 $7.5470
Leonard M. Tannenbaum December 29, 2021 Open-Market Sale 200,000 $7.5216
Leonard M. Tannenbaum December 30, 2021 Open-Market Sale 84,954 $7.5037
Leonard M. Tannenbaum December 31, 2021 Open-Market Sale 68,741 $7.5016
Leonard M. Tannenbaum January 3, 2022 Open-Market Sale 500 $7.5016
Leonard M. Tannenbaum January 4, 2022 Open-Market Sale 43,427 $7.5525
Leonard M. Tannenbaum January 5, 2022 Open-Market Sale 100 $7.5500
Leonard M. Tannenbaum January 6, 2022 Open-Market Sale 3,700 $7.5500
Leonard M. Tannenbaum January 7, 2022 Open-Market Sale 165,086 $7.5738
Leonard M. Tannenbaum January 10, 2022 Open-Market Sale 218,240 $7.5892

 

1 Price per Share excludes commissions paid.

 

 

 

 

CUSIP No. 67401P 108 13D Page 5 of 5 Pages

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: January 11, 2022

 

/s/ Leonard M. Tannenbaum  
LEONARD M. TANNENBAUM