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Filing Details

Accession Number:
0001405086-14-000035
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-02-04 17:36:13
Reporting Period:
2014-01-31
Filing Date:
2014-02-04
Accepted Time:
2014-02-04 17:36:13
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
716006 Yrc Worldwide Inc. YRCW Trucking (No Local) (4213) 480948788
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1259927 Marc Lasry C/o Avenue Capital Management Ii, L.p.
399 Park Avenue, 6Th Floor
New York NY 10022
No No Yes No
1317338 Avenue Capital Management Ii, L.p. 399 Park Avenue
6Th Fl
New York NY 10022
No No Yes No
1389850 Avenue Capital Management Ii Genpar, Llc C/o Avenue Capital Management Ii, L.p.
399 Park Avenue, 6Th Floor
New York NY 10022
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-01-31 191,325 $0.00 191,325 No 4 C Indirect SEE FOOTNOTE
Common Stock Acquisiton 2014-01-31 83,709 $0.00 83,709 No 4 C Indirect SEE FOOTNOTE
Common Stock Acquisiton 2014-01-31 520,944 $0.00 520,944 No 4 C Indirect SEE FOOTNOTE
Common Stock Acquisiton 2014-01-31 10,478 $0.00 10,478 No 4 C Indirect SEE FOOTNOTE
Common Stock Acquisiton 2014-01-31 949,303 $15.00 1,140,628 No 4 P Indirect SEE FOOTNOTE
Common Stock Acquisiton 2014-01-31 399,586 $15.00 483,295 No 4 P Indirect SEE FOOTNOTE
Common Stock Acquisiton 2014-01-31 1,877,683 $15.00 2,398,627 No 4 P Indirect SEE FOOTNOTE
Common Stock Acquisiton 2014-01-31 52,086 $15.00 62,564 No 4 P Indirect SEE FOOTNOTE
Common Stock Acquisiton 2014-01-31 854,675 $15.00 854,675 No 4 P Indirect SEE FOOTNOTE
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect SEE FOOTNOTE
No 4 C Indirect SEE FOOTNOTE
No 4 C Indirect SEE FOOTNOTE
No 4 C Indirect SEE FOOTNOTE
No 4 P Indirect SEE FOOTNOTE
No 4 P Indirect SEE FOOTNOTE
No 4 P Indirect SEE FOOTNOTE
No 4 P Indirect SEE FOOTNOTE
No 4 P Indirect SEE FOOTNOTE
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock 10% Series B Convertible Senior Secured Notes due in 2015 Disposition 2014-01-31 0 $0.00 191,325 $0.00
Common Stock 10% Series B Convertible Senior Secured Notes due in 2015 Disposition 2014-01-31 0 $0.00 83,709 $0.00
Common Stock 10% Series B Convertible Senior Secured Notes due in 2015 Disposition 2014-01-31 0 $0.00 520,944 $0.00
Common Stock 10% Series B Convertible Senior Secured Notes due in 2015 Disposition 2014-01-31 0 $0.00 10,478 $0.00
Common Stock Class A Convertible Preferred Stock Acquisiton 2014-01-31 133,974 $0.00 535,896 $0.00
Common Stock Class A Convertible Preferred Stock Acquisiton 2014-01-31 56,393 $0.00 225,572 $0.00
Common Stock Class A Convertible Preferred Stock Acquisiton 2014-01-31 264,996 $0.00 1,059,984 $0.00
Common Stock Class A Convertible Preferred Stock Acquisiton 2014-01-31 7,351 $0.00 29,404 $0.00
Common Stock Class A Convertible Preferred Stock Acquisiton 2014-01-31 120,620 $0.00 482,480 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2011-09-16 2015-03-31 No 4 C Indirect
0 2011-09-16 2015-03-31 No 4 C Indirect
0 2011-09-16 2015-03-31 No 4 C Indirect
0 2011-09-16 2015-03-31 No 4 C Indirect
133,974 No 4 P Indirect
56,393 No 4 P Indirect
263,996 No 4 P Indirect
7,351 No 4 P Indirect
120,620 No 4 P Indirect
Footnotes
  1. These shares of common stock, par value $0.01 per share (the "Common Stock"), of YRC Worldwide Inc. (the "Issuer") are held directly by Avenue International Master, L.P., a Cayman Islands exempted limited partnership ("Avenue International"). Avenue International Master GenPar, Ltd., a Cayman Islands exempted company ("Avenue International GenPar"), is the general partner of Avenue International. Avenue Partners, LLC, a New York limited liability company ("Avenue Partners"), is a shareholder of Avenue International GenPar. Avenue Capital Management II, L.P., a Delaware limited partnership ("Avenue Capital Management II"), is an investment adviser to Avenue International. Avenue Capital Management II GenPar, LLC, a Delaware limited liability company ("Genpar"), is the general partner of Avenue Capital Management II. Marc Lasry ("Lasry") is the managing member of Avenue Partners and GenPar.(See footnote #2 for continuation.)
  2. Continuation of Footnote #1 - In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
  3. These shares of Common Stock are held directly by Avenue Investments, L.P., a Delaware limited partnership ("Avenue Investments"). Avenue Partners is the general partner of Avenue Investments. Avenue Capital Management II is an investment adviser to Avenue Investments. Genpar is the general partner of Avenue Capital Management II. Lasry is the managing member of Avenue Partners and GenPar. In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
  4. These shares of Common Stock of are held directly by Avenue Special Situations Fund VI (Master), L.P., a Delaware limited partnership ("Avenue Spec VI"). Avenue Capital Partners VI, LLC, a Delaware limited liability company ("Avenue Capital VI"), is the general partner of Avenue Spec VI. GL Partners VI, LLC, a Delaware limited liability company ("GL VI"), is the managing member of Avenue Capital VI. Avenue Capital Management II is an investment adviser to Avenue Spec VI. Genpar is the general partner of Avenue Capital Management II. Lasry is the managing member of GL VI and GenPar. In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
  5. These shares of Common Stock are held directly by Managed Accounts Master Fund Services - MAP 10 ("MAP 10"). Avenue Capital Management II is an investment adviser to MAP 10. Genpar is the general partner of Avenue Capital Management II. Lasry is the managing member of GenPar. In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
  6. These shares of Common Stock are held directly by Avenue Special Opportunities Fund I, L.P., a Delaware limited partnership ("Avenue Special Opportunities"). Avenue SO Capital Partners I, LLC, a Delaware limited liability company ("Avenue SO Capital Partners") is the general partner of Avenue Special Opportunities. GL SO Partners I, LLC, a Delaware limited liability company ("GL SO Partners I") is the managing member of Avenue SO Capital Partners. Avenue Capital Management II is an investment adviser to Avenue Special Opportunities. Genpar is the general partner of Avenue Capital Management II. Lasry is the managing member of GL SO Partners I and GenPar. (See Footnote #7 for continuation.)
  7. Continuation of Footnote #6 - In such capacity, Lasry is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ) is a fractional interest in such amount.
  8. The 10% Series B Convertible Senior Secured Notes due 2015 (the "Series B Notes") were converted into shares of Common Stock in accordance with their terms at a conversion price of $16.01.
  9. The Series A Convertible Preferred Stock (the "Convertible Preferred") was purchased pursuant to that certain Stock Purchase Agreement, by and between Avenue International, Avenue Investments, Avenue Spec VI, MAP 10 and Avenue Special Opportunities Fund I, L.P. (collectively, the "Avenue Purchasers") and the Issuer, dated December 22, 2013 (as amended, the "Stock Purchase Agreement") at a purchase price of $60 per share. Each share of Convertible Preferred is initially convertible (subject to the limitations set forth in the Certificate of Designations of the Series A Preferred Stock and as described in that certain Schedule 13D/A filed by the Reporting Persons on the date hereof) into four (4) shares of Common Stock. The Convertible Preferred does not expire and is not redeemable by the Issuer.
  10. The filing of this Form 4 shall not be construed as an admission that Avenue Capital Management II or Lasry (together, the "Controlling Persons") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Common Stock or Series B Notes of the Company held by Avenue International, Avenue Investments, Avenue Spec VI, MAP 10 or Avenue Special Opportunities. Pursuant to Rule 16a-1, the Controlling Persons disclaim such beneficial ownership except to the extent of their pecuniary interest therein.