SEC Form 4 · accession 0000950142-18-002304
Eagle Bulk Shipping Inc. · EGLE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
OAKTREE CAPITAL MANAGEMENT LP
10% Owner
Oaktree Holdings, Inc.
10% Owner
Oaktree Capital Group, LLC
10% Owner
OCM Opps EB Holdings Ltd.
10% Owner
Period of report
Nov 13, 2018
Accepted (ET)
Nov 23, 2018 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001322439
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per share ("Common Stock")F1,F2,F3,F4,F5,F6 | Nov 13, 2018 | P | 82,639 | $4.64 | A | 23,100,567 | I | See Footnote |
| Common StockF1,F2,F3,F4,F5,F6 | Nov 14, 2018 | P | 271,291 | $4.59 | A | 23,371,858 | I | See Footnote |
| Common StockF1,F2,F3,F4,F5,F6 | Nov 15, 2018 | P | 186,418 | $4.74 | A | 23,558,276 | I | See Footnote |
| Common StockF1,F2,F3,F4,F5,F6 | Nov 16, 2018 | P | 119,652 | $4.69 | A | 23,677,928 | I | See Footnote |
| Common StockF1,F2,F3,F4,F5,F6 | Nov 20, 2018 | P | 408,521 | $4.41 | A | 24,086,449 | I | See Footnote |
| Common StockF1,F2,F3,F4,F5,F6 | Nov 21, 2018 | P | 151,479 | $4.6115 | A | 24,237,928 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price in column 4 is a weighted average price. On November 13, 2018, 82,639 shares were purchased in multiple transactions, at prices ranging from $4.5450 to $4.72, inclusive. On November 14, 2018, 271,291 shares were purchased in multiple transactions, at prices ranging from $4.4650 to $4.6350, inclusive. On November 15, 2018, 186,418 shares were purchased in multiple transactions, at prices ranging from $4.5750 to $4.7250, inclusive. On November 16, 2018, 119,652 shares were purchased in multiple transactions, at prices ranging from $4.5750 to $4.73, inclusive. (cont'd in FN 2)
- F2(cont'd from FN 1) On November 20, 2018, 408,521 shares were purchased in multiple transactions, at prices ranging from $4.28 to $4.51, inclusive. On November 21, 2018, 151,479 shares were purchased in multiple transactions, at prices ranging from $4.4650 to $4.72, inclusive. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
- F3This Form 4 is being filed by OCM Opps EB Holdings, Ltd ("EB Holdings") with respect to (i) the 24,086,449 shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"), that may be deemed to be beneficially owned by the Reporting Persons (as defined below) and (ii) the 364 warrants exercisable for shares of Common Stock (the "Warrants"), all of which are directly owned by EB Holdings. This Form 4 is also being filed by each of (i) Oaktree Capital Management, L.P. ("Management") as the sole director of EB Holdings; (ii) Oaktree Holdings, Inc. ("Holdings, Inc.") as the general partner of Management; (iii) Oaktree Capital Group, LLC ("OCG") as the sole shareholder of Holdings, Inc.; and (iv) Oaktree Capital Group Holdings GP, LLC ("OCGH GP", and, together with EB Holdings, Management, Holdings, Inc. and OCG, the "Reporting Persons" and each a "Reporting Person") as the duly elected manager of OCG.
- F4Each Reporting Person disclaims beneficial ownership of the Common Stock reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any Common Stock covered by this Form 4.
- F5The members of OCGH GP are Howard S. Marks, Bruce A. Karsh, Jay S. Wintrob, John B. Frank, Sheldon M. Stone, Stephen A. Kaplan, and David M. Kirchheimer, who, by virtue of their membership interests in OCGH GP, may be deemed to share voting and dispositive power with respect to the shares of Common Stock held by EB Holdings. Each of the general partners, managing members, directors and managers described above disclaims beneficial ownership of any shares of common stock beneficially or of record owned by the Reporting Persons, except to the extent of any pecuniary interest therein.
- F6Common Stock held directly by EB Holdings.