Statement of Changes in Beneficial Ownership (4)
November 17 2016 - 9:37AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
LASRY MARC
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2. Issuer Name
and
Ticker or Trading Symbol
YRC Worldwide Inc.
[
YRCW
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
C/O AVENUE CAPITAL MANAGEMENT II, L.P.,, 399 PARK AVENUE, 6TH FLOOR
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3. Date of Earliest Transaction
(MM/DD/YYYY)
11/16/2016
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(Street)
NEW YORK, NY 10022
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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11/16/2016
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S
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1099523
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D
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(1)
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2359089
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I
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See Footnotes
(2)
(3)
(6)
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Common Stock
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11/16/2016
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S
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500477
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D
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(1)
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836678
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I
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See Footnotes
(4)
(5)
(6)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Explanation of Responses:
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(
1)
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On November 16, 2016, Avenue Special Situations Fund VI (Master), L.P., a Delaware limited partnership ("Avenue Spec VI") and Avenue Special Opportunities Fund I, L.P., a Delaware limited partnership ("Avenue Special Opportunities") (collectively, the "Selling Avenue Funds") and UBS Securities LLC ("Buyer") executed a secondary block trade. The Selling Avenue Funds sold an aggregate of 1,600,000 shares of Common Stock to Buyer at $11.31 per share, for an aggregate purchase price of $18,096,000.00.
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(
2)
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These shares of Common Stock are held directly by 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, L.P., a Delaware limited partnership ("Avenue Capital Management II") is an investment adviser to Avenue Spec VI. 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 GL VI and GenPar.
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(
3)
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(Continued from footnote 2) 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 indirect interest in such amount.
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(
4)
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These shares of Common Stock are held directly by 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.
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(
5)
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(Continued from Footnote 4) 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.
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(
6)
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The filing of this Form 4 shall not be construed as an admission that Avenue Capital Management II, GenPar 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 held by the Selling Avenue Funds. Pursuant to Rule 16a-1, the Controlling Persons disclaim such beneficial ownership except to the extent of their pecuniary interest therein.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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LASRY MARC
C/O AVENUE CAPITAL MANAGEMENT II, L.P.,
399 PARK AVENUE, 6TH FLOOR
NEW YORK, NY 10022
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X
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Avenue Capital Management II GenPar, LLC
399 PARK AVENUE, 6TH FLOOR
NEW YORK, NY 10022
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X
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Avenue Capital Management II, L.P.
399 PARK AVENUE, 6TH FLOOR
NEW YORK, NY 10022
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X
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Avenue Special Situations Fund VI (Master), L.P.
399 PARK AVENUE, 6TH FLOOR
NEW YORK, NY 10022
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X
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Avenue Capital Partners VI, LLC
399 PARK AVENUE, 6TH FLOOR
NEW YORK, NY 10022
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X
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GL Partners VI, LLC
399 PARK AVENUE, 6TH FLOOR
NEW YORK, NY 10022
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X
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Signatures
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/s/ Eric Ross as Attorney-in-Fact for Marc Lasry
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11/16/2016
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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