SEC Form 4 · accession 0001140361-18-031659
Green Brick Partners, Inc. · GRBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
GREENLIGHT CAPITAL INC
10% Owner
David Einhorn
10% Owner · Other
DME Advisors, LP
10% Owner
DME Advisors GP, L.L.C.
10% Owner
DME Capital Management, LP
10% Owner
Period of report
Jul 2, 2018
Accepted (ET)
Jul 5, 2018 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001373670
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 shareF1,F2,F3,F4 | Jul 2, 2018 | J | 421,400 | $10.10 | D | 869,410 | I | See Footnote |
| Common Stock, par value $0.01 per shareF1,F2,F3,F5 | Jul 2, 2018 | J | 1,007,900 | $10.10 | D | 4,731,203 | I | See Footnote |
| Common Stock, par value $0.01 per shareF1,F2,F3,F6 | Jul 2, 2018 | J | 2,929,700 | $10.10 | D | 7,232,208 | I | See Footnote |
| Common Stock, par value $0.01 per shareF1,F2,F3,F7 | Jul 2, 2018 | J | 1,967,600 | $10.10 | A | 3,708,995 | I | See Footnote |
| Common Stock, par value $0.01 per shareF1,F2,F3,F8 | Jul 2, 2018 | J | 2,391,400 | $10.10 | A | 4,110,059 | I | See Footnote |
| Common Stock, par value $0.01 per share | holding | — | — | — | 8,922 | D | ||
| Common Stock, par value $0.01 per shareF1,F2,F3,F9 | holding | — | — | — | 3,466,793 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1David Einhorn is the president of Greenlight Capital, Inc. ("Greenlight Inc.") and the senior manager of DME Advisors GP, LLC ("DME GP"). DME GP is the general partner of DME Advisors, LP ("DME") and DME Capital Management, LP ("DME CM"). Mr. Einhorn may be deemed to beneficially own the securities reported herein by virtue of his positions with respect to Greenlight Inc. and DME GP.
- F10The transactions reported herein represent an internal reallocation of Shares among the Greenlight Parties.
- F2The foregoing entities control the disposition and voting of shares of common stock (the "Shares") of Green Brick Partners, Inc. owned by the following entities: Greenlight Capital, L.P. ("GCLP"), Greenlight Capital Qualified, L.P. ("GCQP"), Greenlight Capital Offshore Partners ("GCOP"), Greenlight Capital (Gold), LP ("GGLP"), Greenlight Capital Offshore Master (Gold), Ltd. ("GGOM"), and an account managed by DME (the "Managed Account," and, together with GCLP, GCQP, GCOP, GGLP, GGOM, Greenlight Inc., DME GP, DME, DME CM and Mr. Einhorn, the "Greenlight Parties"), in the respective capacities and quantities further described in the footnotes below.
- F3Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), the Greenlight Parties disclaim beneficial ownership of the Shares except to the extent of their respective pecuniary interests therein. The filing of this Form 4 shall not be construed as an admission that any of the Greenlight Parties is or was for the purposes of Section 16(a) of the Act, or otherwise, the beneficial owner of any of the Shares owned by GCLP, GCQP, GCOP, GGLP, GGOM or the Managed Account.
- F4Greenlight Inc. controls the voting and disposition of 869,410 Shares held for the account of GCLP, of which Greenlight Inc. acts as investment manager.
- F5Greenlight Inc. controls the voting and disposition of 4,731,203 Shares held for the account of GCQP, of which Greenlight Inc. acts as investment manager.
- F6Greenlight Inc. controls the voting and disposition of 7,232,208 Shares held for the account of GCOP, of which Greenlight Inc. acts as investment manager.
- F7DME CM controls the voting and disposition of 3,708,995 Shares held for the account of GGLP, of which DME CM acts as investment manager.
- F8DME CM controls the voting and disposition of 4,110,059 Shares held for the account of GGOM, of which DME CM acts as investment manager.
- F9DME controls the voting and disposition of 3,466,793 Shares held for the account of the Managed Account, for which DME serves as the investment manager.
Remarks
* The Power of Attorney executed by David Einhorn, authorizing the signatory to sign and file this Form 4 on David Einhorn's behalf, filed as Exhibit 99.2 to the Schedule 13G filed with the Securities and Exchange Commission on May 24, 2010 by the Reporting Persons with respect to the common stock of NCR Corporation, is hereby incorporated by reference.