SEC Form 4 · accession 0001106191-18-000040
WILLIAM LYON HOMES · WLH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
BAY RESOURCE PARTNERS LP
10% Owner
Thomas E Claugus
10% Owner
GMT CAPITAL CORP
10% Owner
BAY II RESOURCE PARTNERS LP
10% Owner
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 3:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001095996
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common - Class AF1,F2,F3,F4 | Nov 12, 2018 | S | 52,585 | $12.16 | D | 3,432,042 | D | |
| Common - Class AF1,F2,F5,F6 | Nov 13, 2018 | S | 114,015 | $12.18 | D | 3,318,027 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is being jointly filed by Bay Resource Partners, L.P., a Delaware limited partnership (Bay), Bay II Resource Partners, L.P., a Delaware limited partnership (Bay II), Bay Resource Partners Offshore Master Fund, L.P., an exempted limited partnership organized under the laws of the Cayman Islands (Offshore Fund), GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus, a United States citizen (Claugus). The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.
- F2GMT Capital, the general partner of Bay and Bay II has the power to direct the affairs of Bay and Bay II, including the voting and disposition of shares. As the discretionary investment manager of the Offshore Fund and certain other accounts, GMT Capital has power to direct the voting and disposition of shares held by the Offshore Fund and such accounts. Mr. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and the voting and disposition of shares held by the Offshore Fund and separate client accounts managed by GMT Capital. GMT Capital and Mr. Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Mr. Claugus disclaims such beneficial ownership except to the extent ultimately realized.
- F3The aggregate number of shares of common stock sold on November 12, 2018, was 52,585 shares and such shares were sold by the Reporting Persons in the following amounts: Bay = 14,400 shares; Bay II = 11,100 shares; Offshore Fund = 24,285 shares; GMT Capital = 700 shares; Claugus = 2,100 shares.
- F43,432,042 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons as of November 12, 2018, and is owned as follows: Bay = 940,610 shares directly owned by it; Bay II = 723,580 shares directly owned by it; Offshore Fund = 1,587,942 shares directly owned by it; GMT Capital = 44,610 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 135,300 shares directly owned by him.
- F5The aggregate number of shares of common stock sold on November 13, 2018, was 114,015 shares and such shares were sold by the Reporting Persons in the following amounts: Bay = 31,200 shares; Bay II = 24,100 shares; Offshore Fund = 52,715 shares; GMT Capital = 1,500 shares; Claugus = 4,500 shares.
- F63,318,027 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons as of November 13, 2018, and is owned as follows: Bay = 909,410 shares directly owned by it; Bay II = 699,480 shares directly owned by it; Offshore Fund = 1,535,227 shares directly owned by it; GMT Capital = 43,110 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 130,800 shares directly owned by him.