SEC Form 4 · accession 0000902664-15-003963
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Hudson Bay Capital Management LP
10% Owner
Sander Gerber
10% Owner
Hudson Bay Credit Management LLC
10% Owner
Period of report
Oct 15, 2015
Accepted (ET)
Oct 19, 2015 · 6:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001006837
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001F1 | Oct 15, 2015 | S | 522,000 | $7.50 | D | 254,372 | I | By Hudson Bay Absolute Return Credit Opportunities Master Fund, Ltd. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares are held by Hudson Bay Absolute Return Credit Opportunities Master Fund, Ltd. (the "Fund"). Hudson Bay Credit Management LLC (the "Investment Manager") is the investment manager of the Fund. The sole member of the Investment Manager is Hudson Bay Capital Management L.P. As such, each of the Investment Manager and Hudson Bay Capital Management L.P. may be deemed to share beneficial ownership of the shares held by the Fund. As the managing member of the general partner of Hudson Bay Capital Management L.P., Mr. Sander Gerber may be deemed to share beneficial ownership of the shares held by the Fund. Each Reporting Person disclaims beneficial ownership of the shares held by the Fund, except to the extent of its or his pecuniary interest therein.