SEC Form 4 · accession 0000905148-18-000865
Front Yard Residential Corp · RESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Deer Park Road Management GP, LLC
10% Owner
Deer Park Road Corp
10% Owner
Michael David Craig-Scheckman
10% Owner
Scott Edward Burg
10% Owner
AgateCreek LLC
10% Owner
Period of report
Nov 9, 2018
Accepted (ET)
Nov 13, 2018 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001555039
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Call Options (Right to Buy)F1,F2,F3 | $10.00 | Nov 9, 2018 | P | 2,802 | A | Nov 9, 2018 | Dec 21, 2018 | Common Stock | 280,200 | 2,802 | I |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These options to acquire shares of the Issuer's common stock ("Options") were purchased in multiple transactions at prices ranging from $0.20 to $0.25, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Options purchased at each separate price within the range set forth in footnote (1).
- F2These Options are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP ("Deer Park") serves as investment adviser to STS Master Fund, Ltd.
- F3Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael David Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the sole owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Options except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Options for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.