SEC Form 4 · accession 0000905718-17-000916
MCCLATCHY CO · MNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chatham Asset Management, LLC
10% Owner
Period of report
Oct 24, 2017
Accepted (ET)
Oct 26, 2017 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001056087
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, $0.01 par value per shareF1,F2 | Oct 24, 2017 | P | 11,813 | $8.7692 | A | 817,189 | I | See Footnote |
| Class A Common Stock, $0.01 par value per shareF3,F2 | Oct 25, 2017 | P | 59,027 | $9.146 | A | 876,216 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.60 to $8.80 per share, inclusive. Chatham Asset Management, LLC (the "Reporting Person") undertakes to provide to McClatchy Co. ("McClatchy"), any security holder of McClatchy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
- F2Reporting Person is the investment manager to Chatham Asset High Yield Master Fund, Ltd., a Cayman Islands exempted company ("Chatham Master Fund"), and other affiliated funds (collectively with Chatham Master Fund, the "Chatham Funds"). Anthony Melchiorre ("Mr. Melchiorre") is the managing member of the Reporting Person. As of October 25, 2017, Chatham Master Fund held 511,033 shares of Class A Common Stock, $0.01 par value per share (the "Common Stock"), of the McClatchy Company (the "Company"), and certain other affiliated funds held an aggregate of 365,183 shares of Common Stock of the Company. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's and Mr. Melchiorre's beneficial ownership is limited to their pecuniary interest, if any, in such securities.
- F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.00 to $9.30 per share, inclusive. Reporting Person undertakes to provide to McClatchy, any security holder of McClatchy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.