CUSIP No. 039380407
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Page 2 of 6 Pages
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1
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NAME OF REPORTING PERSON
Monarch Alternative Capital LP
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2
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CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
(b) ☒ |
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
N/A
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5
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CHECK BOX IF
DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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☐ | ||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
1,305,352
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
1,305,352
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,305,352 |
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12
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CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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☐ | ||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.38%
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14
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TYPE OF REPORTING PERSON
PN, IA
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CUSIP No. 039380407
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Page 3 of 6 Pages
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1
|
NAME OF REPORTING PERSON
MDRA GP LP
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|||
2
|
CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
(b) ☒ |
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
N/A
|
|||
5
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CHECK BOX IF
DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | ||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
||
8
|
SHARED VOTING POWER
1,305,352
|
|||
9
|
SOLE DISPOSITIVE POWER
0
|
|||
10
|
SHARED DISPOSITIVE POWER
1,305,352
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,305,352 |
|||
12
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ | ||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.38%
|
|||
14
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TYPE OF REPORTING PERSON
PN, HC
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CUSIP No. 039380407
|
Page 4 of 6 Pages
|
1
|
NAME OF REPORTING PERSON
Monarch GP LLC
|
||
2
|
CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
(b) ☒ |
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
N/A
|
||
5
|
CHECK BOX IF
DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
1,305,352
|
||
9
|
SOLE DISPOSITIVE POWER
0
|
||
10
|
SHARED DISPOSITIVE POWER
1,305,352
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,305,352 |
||
12
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ | |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.38%
|
||
14
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TYPE OF REPORTING PERSON
OO, HC
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Item. 4. |
Purpose of Transaction.
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Item 5. |
Interests in Securities of the Issuer.
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(a)
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Each of MAC, MDRA GP and Monarch GP indirectly beneficially own 1,305,352 shares of Common Stock as of the close of business on March 15, 2019. Such shares represent
7.38% of the 17,688,875 shares of Common Stock outstanding as of February 1, 2019, according to the Annual Report on Form 10-K filed by the Issuer with the SEC on February 14, 2019. None of the individual Monarch Funds own a number of
shares of Common Stock representing more than 5% of the outstanding shares of Common Stock.
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(b)
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MAC, MDRA GP and Monarch GP share voting and dispositive power over 1,305,352 shares of Common Stock held directly by the Monarch Funds with each applicable Monarch Fund
directly holding such shares.
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(c)
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Schedule I hereto sets forth all transactions with respect to the Common Stock effected by the Monarch Funds
during the past sixty (60) days. All such transactions were effected in the open market, and per share prices include any commissions paid in connection with such transactions.
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Dated: March 18, 2019
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MONARCH ALTERNATIVE CAPITAL LP
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By: MDRA GP LP, its General Partner
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By: Monarch GP LLC, its General Partner
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By:
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/s/ Michael Weinstock |
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Name: Michael Weinstock
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Title: Chief Executive Officer
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Dated: March 18, 2019
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MDRA GP LP
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By: Monarch GP LLC, its General Partner
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By:
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/s/ Michael Weinstock | |
Name: Michael Weinstock
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Title: Chief Executive Officer
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Dated: March 18, 2019
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MONARCH GP LLC
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By:
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/s/ Michael Weinstock | |
Name: Michael Weinstock
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Title: Chief Executive Officer
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Date
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Number of Shares of
Common Stock Purchased
(Sold)
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Price per Share ($)
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3/1/2019
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(8,980)
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$93.50
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3/1/2019
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(20,000)
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$93.63
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3/4/2019
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(100)
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$93.57
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3/13/2019
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(20,000)
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$92.65
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3/13/2019
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(106,000)
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$92.57
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3/14/2019
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(66,300)
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$92.61
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3/15/2019
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(32,000) | $92.62 |