Amended Statement of Ownership (sc 13g/a)
February 05 2016 - 5:10PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE
13G/A
Amendment No. 2
(Rule 13d-102)
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Solar Capital Ltd.
(Name of Issuer)
Common
Stock, par value $0.01 per share
(Title of Class of Securities)
83413U100
(CUSIP Number)
Not Applicable
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
|
|
|
|
|
CUSIP No. 83413U100 |
|
13G/A |
|
|
|
|
|
|
|
|
|
1 |
|
NAME OF
REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michael S. Gross |
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ¨ (b) ¨ |
3 |
|
SEC USE ONLY
|
4 |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION United States of America |
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
5 |
|
SOLE VOTING POWER
225,394 |
|
6 |
|
SHARED VOTING POWER
2,131,238 |
|
7 |
|
SOLE DISPOSITIVE POWER
225,394 |
|
8 |
|
SHARED DISPOSITIVE POWER
2,131,238 |
9 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,356,632 |
10 |
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
¨ |
11 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 5.5%** |
12 |
|
TYPE OF REPORTING PERSON*
IN |
* |
SEE INSTRUCTIONS BEFORE FILLING OUT. |
2
|
|
|
|
|
CUSIP No. 83413U100 |
|
13G/A |
|
|
|
|
|
|
|
|
|
1 |
|
NAME OF
REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Bruce J. Spohler |
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ¨ (b) ¨ |
3 |
|
SEC USE ONLY
|
4 |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION United States of America |
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
5 |
|
SOLE VOTING POWER
14,000 |
|
6 |
|
SHARED VOTING POWER
2,131,238 |
|
7 |
|
SOLE DISPOSITIVE POWER
14,000 |
|
8 |
|
SHARED DISPOSITIVE POWER
2,131,238 |
9 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,145,238 |
10 |
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
¨ |
11 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 5.1%** |
12 |
|
TYPE OF REPORTING PERSON*
IN |
* |
SEE INSTRUCTIONS BEFORE FILLING OUT. |
3
|
|
|
|
|
CUSIP No. 83413U100 |
|
13G/A |
|
|
|
|
|
|
|
|
|
1 |
|
NAME OF
REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Solar Capital Investors, LLC |
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ¨ (b) ¨ |
3 |
|
SEC USE ONLY
|
4 |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION Delaware |
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
5 |
|
SOLE VOTING POWER
1,285,013 |
|
6 |
|
SHARED VOTING POWER
0 |
|
7 |
|
SOLE DISPOSITIVE POWER
1,285,013 |
|
8 |
|
SHARED DISPOSITIVE POWER
0 |
9 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,285,013 |
10 |
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
¨ |
11 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 3.0%** |
12 |
|
TYPE OF REPORTING PERSON*
OO |
* |
SEE INSTRUCTIONS BEFORE FILLING OUT. |
4
|
|
|
|
|
CUSIP No. 83413U100 |
|
13G/A |
|
|
|
|
|
|
|
|
|
1 |
|
NAME OF
REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Solar Capital Investors II, LLC |
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ¨ (b) ¨ |
3 |
|
SEC USE ONLY
|
4 |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION Delaware |
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
5 |
|
SOLE VOTING POWER
715,000 |
|
6 |
|
SHARED VOTING POWER
0 |
|
7 |
|
SOLE DISPOSITIVE POWER
715,000 |
|
8 |
|
SHARED DISPOSITIVE POWER
0 |
9 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
715,000 |
10 |
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
¨ |
11 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 1.7%** |
12 |
|
TYPE OF REPORTING PERSON*
OO |
* |
SEE INSTRUCTIONS BEFORE FILLING OUT. |
5
|
|
|
|
|
CUSIP No. 83413U100 |
|
13G/A |
|
|
|
|
|
|
|
|
|
1 |
|
NAME OF
REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
2013 Grantor Retained Annuity Trust |
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ¨ (b) ¨ |
3 |
|
SEC USE ONLY
|
4 |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION New York |
NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
5 |
|
SOLE VOTING POWER
20,000 |
|
6 |
|
SHARED VOTING POWER
0 |
|
7 |
|
SOLE DISPOSITIVE POWER
20,000 |
|
8 |
|
SHARED DISPOSITIVE POWER
0 |
9 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000 |
10 |
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
¨ |
11 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9 Less Than 0.1%** |
12 |
|
TYPE OF REPORTING PERSON*
OO |
* |
SEE INSTRUCTIONS BEFORE FILLING OUT. |
6
Introductory Note for Schedule 13G
This Amendment No. 2 to the Schedule 13G (this Amendment No. 2) is being filed to update the information set
forth in the initial Schedule 13G filed with the Securities and Exchange Commission on February 17, 2015 (the Original Schedule 13G) and the information set forth in Amendment No. 1 to the Original Schedule 13G filed
with the Securities and Exchange Commission on November 16, 2015 (the Amendment No. 1 and, together with the Original Schedule 13G, the Schedule 13G). This Amendment No. 2 is filed on behalf of
Mr. Michael S. Gross; Mr. Bruce J. Spohler; Solar Capital Investors, LLC, a Delaware limited liability company (Solar I); Solar Capital Investors II, LLC, a Delaware limited liability company (Solar
II); and the 2013 Grantor Retained Annuity Trust setup by and for Mr. Gross and for which he acts as sole trustee (the GRAT) to report their beneficial ownership of common stock, par value $0.01 per share (the
Common Stock) of Solar Capital Ltd., a Maryland corporation (the Issuer).
This Schedule 13G relates
to Common Stock of the Issuer purchased by Mr. Gross directly in his personal accounts and by Mr. Gross indirectly through Solar I, Solar II, the GRAT, a profit sharing plan in which Mr. Gross is the sole participant (the
Profit Sharing Plan) and Solar Capital Partners Employee Stock Plan, LLC (the SCP Plan), which is controlled by Solar Capital Partners, LLC (Solar Partners). This Schedule 13G also relates to
the Common Stock of the Issuer purchased by Mr. Spohler directly in his personal accounts and indirectly through Solar I, Solar II and the SCP Plan. Mr. Gross and Mr. Spohler are controlling members of Solar I, Solar II and Solar
Partners. Solar Partners is the controlling member of the SCP Plan, and thus, Mr. Gross and Mr. Spohler direct the control of the SCP Plan through Solar Partners. Mr. Gross serves as the sole trustee of the GRAT and, as a result, has
sole power to direct the vote and disposition of those shares of Common Stock held by the GRAT. Mr. Gross is the sole participant in the Profit Sharing Plan, and thus, has sole power to direct the vote and disposition of those shares of Common
Stock held by the Profit Sharing Plan. Mr. Gross, as beneficial owner of the shares held directly in his personal accounts and indirectly by Solar I, Solar II, the GRAT, the Profit Sharing Plan and the SCP Plan, may direct the vote and
disposition of 2,356,632 shares of Common Stock. Mr. Spohler, as the beneficial owner of shares held directly in his personal accounts and indirectly by Solar I, Solar II and the SCP Plan, may direct the vote and disposition of 2,145,238 shares
of Common Stock. Of the above shares, Solar I holds 1,285,013 shares of Common Stock and may direct the vote and disposition of those shares. Solar II holds 715,000 shares of Common Stock and may direct the vote and disposition of those shares. The
GRAT holds 20,000 shares of Common Stock and may direct the vote and disposition of those shares. Messrs. Gross and Spohler, as the controlling members of Solar Partners, are deemed to indirectly beneficially own the 131,225 shares of Common Stock
held by the SCP Plan. Mr. Gross, as the sole participant in the Profit Sharing Plan, is deemed to directly beneficially own the 39,500 shares of Common Stock held by the Profit Sharing Plan. The Schedule 13G is hereby amended and restated to
read as follows:
Item 1(a) |
Name of Issuer. |
Solar Capital Ltd.
7
Item 1(b) |
Address of Issuers Principal Executive Offices. |
500 Park Avenue
New York, NY 10022
Item 2(a) |
Name of Person Filing. |
Mr. Michael S. Gross, Mr. Bruce J. Spohler,
Solar Capital Investors, LLC (Solar I), Solar Capital Investors II, LLC (Solar II) and the 2013 Grantor Retained Annuity Trust (GRAT).
Item 2(b) |
Address of Principal Business Office for All Reporting Persons. |
500 Park Avenue
New York, NY 10022
Item 2(c) |
Citizenship or Place of Organization. |
Each of Mr. Gross and Mr. Spohler is a
United States citizen. Each of Solar I and Solar II is a limited liability company organized under the laws of the State of Delaware. The GRAT is a trust organized under the laws of the State of New York.
Item 2(d) |
Title of Class of Securities. |
Common Stock, par value $0.01 per share (the
Common Stock).
83413U100.
Not Applicable.
|
(a) |
Mr. Gross is the beneficial owner of 2,356,632 shares of Common Stock. Mr. Spohler is the beneficial owner of 2,145,238 shares of Common Stock. Solar I is the beneficial owner of 1,285,013 shares of Common
Stock. Solar II is the beneficial owner of 715,000 shares of Common Stock. The GRAT is the beneficial owner of 20,000 shares of Common Stock. |
|
(b) |
Mr. Gross is the beneficial owner of 5.5% of the outstanding Common Stock, and Mr. Spohler is the beneficial owner of 5.1% of the outstanding Common Stock. Solar I is the beneficial owner of 3.0% of the
outstanding Common Stock, and Solar II is the beneficial owner of 1.7% of the outstanding Common Stock. The GRAT is the beneficial owner of less than 0.1% of the outstanding Common Stock. |
8
|
(c) |
(i) Mr. Gross has sole voting and dispositive power with respect to 225,394 shares of Common Stock through his personal accounts, as the sole trustee of the GRAT and the sole participant in the Profit Sharing Plan.
Mr. Gross, as a controlling member of Solar I, Solar II and Solar Partners (and thus controlling the SCP Plan), has shared voting and dispositive power with respect to 2,131,238 shares of Common Stock, which are held by Solar I, Solar II and
the SCP Plan. |
|
|
(ii) Mr. Spohler has sole voting and dispositive power with respect to 14,000 shares of Common Stock through his personal accounts. As a controlling member of Solar I, Solar II and Solar Partners (and thus
controlling the SCP Plan), Mr. Spohler has shared voting and dispositive power with respect to 2,131,238 shares of Common Stock, which are held by Solar I, Solar II and the SCP Plan. |
|
|
(iii) As holder of the shares, Solar I has sole voting and dispositive power with respect to 1,285,013 shares of Common Stock. |
|
|
(iv) As holder of the shares, Solar II has sole voting and dispositive power with respect to 715,000 shares of Common Stock. |
|
|
(v) As holder of the shares, the GRAT has sole voting and dispositive power with respect to 20,000 shares of Common Stock. |
Item 5 |
Ownership of Five Percent or Less of a Class. |
Not Applicable.
Item 6 |
Ownership of More Than Five Percent on Behalf of Another Person. |
Not Applicable.
Item 7 |
Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company. |
Not Applicable.
Item 8 |
Identification and Classification of Members of the Group. |
Not Applicable.
Item 9 |
Notice of Dissolution of Group. |
Not Applicable.
9
Not Applicable.
10
SIGNATURE
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: February 5, 2016
|
|
|
/s/ Michael S. Gross |
Michael S. Gross |
|
/s/ Bruce J. Spohler |
Bruce J. Spohler |
|
SOLAR CAPITAL INVESTORS, LLC |
|
|
By: |
|
/s/ Michael S. Gross |
|
|
Michael S. Gross |
|
|
Managing Member |
|
SOLAR CAPITAL INVESTORS II, LLC |
|
|
By: |
|
/s/ Michael S. Gross |
|
|
Michael S. Gross |
|
|
Managing Member |
|
2013 GRANTOR RETAINED ANNUITY TRUST |
|
|
By: |
|
/s/ Michael S. Gross |
|
|
Michael S. Gross |
|
|
Trustee |
11
SLR Investment (NASDAQ:SLRC)
Historical Stock Chart
From Jun 2024 to Jul 2024
SLR Investment (NASDAQ:SLRC)
Historical Stock Chart
From Jul 2023 to Jul 2024