SEC Form 4 · accession 0000905148-19-000010
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 Craig-Scheckman
10% Owner
Scott Edward Burg
10% Owner
AgateCreek LLC
10% Owner
Period of report
Dec 31, 2018
Accepted (ET)
Jan 3, 2019 · 4:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001555039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 31, 2018 | P | 125,000 | $8.34 | A | 5,891,766 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares of the Issuer's common stock ("Shares") 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.
- F2Deer 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 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 Shares 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 Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Remarks
Exhibit 24.1 - Power of Attorney for Michael Craig-Scheckman (incorporated by reference to the Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by the reporting persons on December 7, 2018); Exhibit 24.2 - Power of Attorney for Scott Edward Burg (incorporated by reference to the Power of Attorney filed as Exhibit 24.2 to the Form 4 filed by the reporting persons on December 7, 2018)