Introductory Note for Schedule 13G
This Amendment No. 6 to the Schedule 13G (this Amendment No. 6) 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), 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), the information set forth in Amendment No. 2 to the Original Schedule 13G filed with the Securities and Exchange
Commission on February 5, 2016 (the Amendment No. 2), and the information set forth in Amendment No. 3 to the Original Schedule 13G filed with the Securities and Exchange Commission on February 9,
2017 (the Amendment No. 3), the information set forth in Amendment No. 4 to the Original Schedule 13G filed with the Securities and Exchange Commission on February 13, 2018 (the Amendment
No. 4), and the information set forth in Amendment No. 5 to the Original Schedule 13G filed with the Securities and Exchange Commission on February 10, 2020 (the Amendment
No. 5 and collectively with the Original Schedule 13G and the Amendment No. 1, the Amendment No. 2, the Amendment No. 3 and the Amendment No. 4, the Schedule 13G). This Amendment
No. 6 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, as amended by Amendment No. 6, 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, certain trusts for the
benefit of his family members, 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, as amended by Amendment No. 6, 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 the trusts for the benefit of family members and, as a result, has sole power to direct the vote and disposition of
those shares of Common Stock held by the GRAT and the family trusts. 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 2,663,881 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 2,275,787 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 208,248 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 97,250 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.
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).