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 (a) ☐
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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
651,298
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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
651,298
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
651,298
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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)
4.33%
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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
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NAME OF REPORTING PERSON
MDRA GP LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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
|
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
651,298
|
||
9
|
SOLE DISPOSITIVE POWER
0
|
||
10
|
SHARED DISPOSITIVE POWER
651,298
|
||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
651,298
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
|
||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.33%
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14
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TYPE OF REPORTING PERSON
PN, HC
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CUSIP No. 039380407
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Page 4 of 6 Pages
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1
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NAME OF REPORTING PERSON
Monarch GP LLC
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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
|
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
651,298
|
||
9
|
SOLE DISPOSITIVE POWER
0
|
||
10
|
SHARED DISPOSITIVE POWER
651,298
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
651,298
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
|
||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.33%
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||
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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As of the close of business on October 23, 2019, each of MAC, MDRA GP and Monarch GP indirectly beneficially own 651,298 shares of Common Stock. Such shares represent 4.33% of the 15,041,754 shares of Common
Stock outstanding as of October 18, 2019, according to the Quarterly Report on Form 10-Q filed by the Issuer with the SEC on October 22, 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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As of the close of business on October 23, 2019, MAC, MDRA GP and Monarch GP share voting and dispositive power over 651,298 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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As of the close of business on October 23, 2019, 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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(e)
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As of the close of business on October 23, 2019, MAC, MDRA GP and Monarch GP ceased to beneficially own 5% or more of the Issuer’s Common Stock.
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Dated: October 24, 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: Member
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Dated: October 24, 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: Member
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Dated: October 24, 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: Member
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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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9/10/2019
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(44,300)
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$82.70
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9/11/2019
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(93,000)
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$82.79
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9/12/2019
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(13,250)
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$82.84
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9/13/2019
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(4,000)
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$81.05
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9/16/2019
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(22,600)
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$82.23
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10/11/2019
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(12,000)
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$80.55
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10/15/2019
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(301)
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$80.06
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10/21/2019
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(10,790)
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$80.11
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10/22/2019
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(136,627)
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$83.55
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10/23/2019
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(175,419)
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$85.67
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