Filing Details

Accession Number:
0000902664-19-001684
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-03-26 17:25:36
Reporting Period:
2019-03-22
Accepted Time:
2019-03-26 17:25:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1286131 Stonemor Partners Lp STON Services-Personal Services (7200) 800103159
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1650781 L.p. Management Capital Axar 1330 Avenue Of The Americas
30Th Floor
New York NY 10019
No No Yes No
1673869 Axar Gp, Llc 1330 Avenue Of The Americas, 6Th Floor
New York NY 10019
No No Yes No
1673921 Andrew Axelrod 1330 Avenue Of The Americas, 6Th Floor
New York NY 10019
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 Units Acquisiton 2019-03-22 15,023 $3.74 7,711,334 No 4 P Indirect See footnotes
Common Units Acquisiton 2019-03-25 6,142 $3.71 7,717,476 No 4 P Indirect See footnotes
Common Units Acquisiton 2019-03-26 12,284 $3.73 7,729,760 No 4 P Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Units Representing Limited Partnership Interests Equity Swaps (obligation to buy) Acquisiton 2019-03-22 6,851 $0.00 6,851 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,532,892 Yes 4 J Indirect
Footnotes
  1. This Form 4 is filed by Axar Capital Management, LP (the "Investment Manager"), Axar GP LLC ("GP") and Mr. Andrew Axelrod, with respect to the Common Units Representing Limited Partnership Interests (the "Common Units") held by certain funds and/or managed accounts (collectively, the "Axar Vehicles"). The Investment Manager serves as the investment manager of the Axar Vehicles. GP is the general partner of the Investment Manager. Mr. Andrew Axelrod serves as the sole member of the GP.
  2. Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein to the extent of his or its pecuniary interest therein, but disclaims beneficial ownership in excess of such amount; and pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.
  3. On dates ranging from March 22, 2019 to March 26, 2019, the Reporting Person increased its equity swap position by 6,851 swaps at references prices ranging from $3.7082 to $3.7400. These cash-settled equity swaps can be settled at any time and shall continue until terminated as elected by the parties, and currently have an initial reference termination date of June 20, 2022. Upon settlement of the various swap agreements, either (i) the counterparty will pay to the Reporting Person in cash an amount determined in part by reference to any increase between the initial reference price and the market value of a notional number of Common Units on the applicable expiration date set set forth in Table II or (ii) the Reporting Person will pay to the counterparty in cash an amount determined in part by reference to any decrease between the initial reference price and the market value of the reference shares on the applicable expiration date listed in Table II.