SEC Form 4 · accession 0000950142-16-004762
Cooper-Standard Holdings Inc. · CPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 8:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001320461
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F4,F5,F6 | Nov 14, 2016 | S | 11,710 | $90.25 | D | 7,624 | I | See Footnotes |
| Common Stock, par value $0.001 per shareF1,F4,F5,F6 | Nov 15, 2016 | S | 7,624 | $90.16 | D | 0 | I | See Footnotes |
| Common Stock, par value $0.001 per shareF4,F5,F6 | Nov 14, 2016 | X | 9,731 | $25.52 | A | 11,330 | I | See Footnotes |
| Common Stock, par value $0.001 per shareF2,F4,F5,F6 | holding | — | — | — | 148,597 | I | See Footnotes | |
| Common Stock, par value $0.001 per shareF3,F4,F5,F6 | holding | — | — | — | 40,821 | I | See Footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase Common StockF7,F2,F4,F5,F6 | $25.52 | Nov 14, 2016 | X | 9,731 | D | May 27, 2013 | May 27, 2020 | Common Stock | 9,731 | 0 | I |
Explanation of responses
- F1By Oak Hill Credit Opportunities Master Fund, Ltd. ("OHCOF").
- F2By OHA Strategic Credit Master Fund, L.P. ("SCF"). OHA Strategic Credit GenPar, LLC is the general partner of SCF.
- F3By OHA Strategic Credit Master Fund IB, L.P. ("SCF IB"). OHA Strategic Credit GenPar, LLC, is the general partner of SCF IB.
- F4Oak Hill Advisors GenPar, L.P. ("OHA Genpar") is the general partner of Oak Hill Advisors, L.P. ("OHA"). OHA receives, directly and indirectly, management fees or incentive fees with respect to certain accounts that it advises, including OHCOF, SCF and SCF IB. None of such fees constitute an indirect pecuniary interest for purposes of Rule 16a-1. OHA also owns 4,408 shares of time-based restricted stock which are fully vested.
- F5Glenn R. August controls (i) the managing general partner of OHA Genpar, and (ii) OHA Strategic Credit GenPar, LLC, the general partner of SCF and SCF IB, and may be deemed to have an indirect beneficial interest in the shares owned by OHCOF, SCF and SCF IB. Mr. August is a director of the Issuer.
- F6Pursuant to Rule 16a-1 under the Exchange Act of 1934, as amended (the "Act"), the reporting persons shall be deemed to be the indirect beneficial owner of the securities beneficially owned by the entities listed in footnotes 1, 2, 3 and 4 only to the extent of their respective pecuniary interest. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the reporting persons are, for purposes of Section 16 of the Act or otherwise, the beneficial owners of any securities owned by the entities listed in footnotes 1, 2, 3 and 4, in each case except to the extent of such pecuniary interest.
- F7On November 14, 2016, the reporting person exercised 9,731 options to purchase 9,731 shares of common stock for $25.52 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer witholding 2,809 of the options shares to pay the exercise price and issuing to the reporting person the remaining 6,922 shares.