Filing Details

Accession Number:
0000921895-20-001580
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-05-22 17:10:19
Reporting Period:
2020-05-19
Accepted Time:
2020-05-22 17:10:19
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
351834 Sunopta Inc. STKL Wholesale-Farm Product Raw Materials (5150) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1559771 Engaged Capital Llc 610 Newport Center Drive
Suite 250
Newport Beach CA 92660
No No Yes No
1559850 Engaged Capital Flagship Fund, L.p. 610 Newport Center Drive
Suite 250
Newport Beach CA 92660
No No Yes Yes
1580761 Engaged Capital Flagship Master Fund, Lp Cricket Square, Hutchins Drive
P.o. Box 2681
Grand Cayman E9 KY1-1111
No No Yes No
1580769 Engaged Capital Holdings, Llc 610 Newport Center Drive
Suite 250
Newport Beach CA 92660
No No Yes No
1580771 W. Glenn Welling C/o Engaged Capital, Llc
610 Newport Center Drive, Suite 250
Newport Beach CA 92660
No No Yes No
1619827 Engaged Capital Flagship Fund, Ltd. 610 Newport Center Drive
Suite 250
Newport Beach CA 92660
No No Yes Yes
1680308 Engaged Capital Co-Invest Iv, Lp 610 Newport Center Drive, Suite 250
Newport Beach CA 92660
No No No Yes
1810615 Engaged Capital Co-Invest Iv-A, Lp 610 Newport Center Drive, Suite 250
Newport Beach CA 92660
No No No Yes
1813061 Engaged Capital Special Situation Fund, Lp 610 Newport Center Drive, Suite 250
Newport Beach CA 92660
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Acquisiton 2020-05-19 57,185 $3.72 57,185 No 4 P Indirect By: Engaged Capital Special Situation, LP
Common Shares Acquisiton 2020-05-19 25,309 $3.66 82,494 No 4 P Indirect By: Engaged Capital Special Situation, LP
Common Shares Acquisiton 2020-05-19 26,178 $3.60 108,672 No 4 P Indirect By: Engaged Capital Special Situation, LP
Common Shares Acquisiton 2020-05-20 3,500 $3.76 112,172 No 4 P Indirect By: Engaged Capital Special Situation, LP
Common Shares Acquisiton 2020-05-20 187,696 $3.80 299,868 No 4 P Indirect By: Engaged Capital Special Situation, LP
Common Shares Acquisiton 2020-05-21 73,694 $3.87 373,562 No 4 P Indirect By: Engaged Capital Special Situation, LP
Common Shares Acquisiton 2020-05-21 482,500 $3.86 856,062 No 4 P Indirect By: Engaged Capital Special Situation, LP
Common Shares Acquisiton 2020-05-22 10,100 $3.85 866,162 No 4 P Indirect By: Engaged Capital Special Situation, LP
Common Shares Acquisiton 2020-05-22 133,838 $3.80 1,000,000 No 4 P Indirect By: Engaged Capital Special Situation, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By: Engaged Capital Special Situation, LP
No 4 P Indirect By: Engaged Capital Special Situation, LP
No 4 P Indirect By: Engaged Capital Special Situation, LP
No 4 P Indirect By: Engaged Capital Special Situation, LP
No 4 P Indirect By: Engaged Capital Special Situation, LP
No 4 P Indirect By: Engaged Capital Special Situation, LP
No 4 P Indirect By: Engaged Capital Special Situation, LP
No 4 P Indirect By: Engaged Capital Special Situation, LP
No 4 P Indirect By: Engaged Capital Special Situation, LP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Shares 5,137,331 Indirect By: Engaged Capital Flagship Master Fund, LP
Common Shares 3,166,639 Indirect By: Engaged Capital Co-Invest IV, LP
Common Shares 427,937 Indirect By: Managed Account of Engaged Capital, LLC
Footnotes
  1. This Form 4 is filed jointly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"), Engaged Capital Co-Invest IV, LP ("Engaged Capital Co-Invest IV"), Engaged Capital Co-Invest IV-A, LP ("Engaged Capital Co-Invest IV-A"), Engaged Capital Special Situation Fund, LP ("Engaged Capital Special Situation"), Engaged Capital Flagship Fund, LP ("Engaged Capital Fund"), Engaged Capital Flagship Fund, Ltd. ("Engaged Capital Offshore"), Engaged Capital, LLC ("Engaged Capital"), Engaged Capital Holdings, LLC ("Engaged Holdings") and Glenn W. Welling (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of SunOpta Inc.'s (the "Issuer") outstanding Common Shares. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
  2. Securities owned directly by Engaged Capital Flagship Master. As feeder funds of Engaged Capital Flagship Master, each of Engaged Capital Fund and Engaged Capital Offshore may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. As the general partner and investment adviser of Engaged Capital Flagship Master, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, and as the sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master.
  3. Securities owned directly by Engaged Capital Co-Invest IV. As the general partner and investment adviser of Engaged Capital Co-Invest IV, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest IV.
  4. Securities held in an account separately managed by Engaged Capital (the "Engaged Capital Account"). Engaged Capital, as the investment adviser of the Engaged Capital Account, may be deemed to beneficially own the securities held in the Engaged Capital Account. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities held in the Engaged Capital Account. Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, and as the sole member of Engaged Holdings, may be deemed to beneficially own the securities held in the Engaged Capital Account.
  5. Securities owned directly by Engaged Capital Special Situation. As the general partner and investment adviser of Engaged Capital Special Situation, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Special Situation. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Special Situation. Mr. Welling, as the Founder and Chief Investment Officer of Engaged Capital and sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Special Situation.