Form4insider filings, from the source

SEC Form 4 · accession 0001140361-15-027640

WCI Communities, Inc. · WCIC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners
STONEHILL CAPITAL MANAGEMENT LLC
Director · 10% Owner · Other
John Motulsky
10% Owner
Wayne Teetsel
10% Owner
Christopher E Wilson
Director · 10% Owner
Thomas Varkey
10% Owner
Stonehill General Partner, LLC
Director · 10% Owner · Other
Period of report
Jul 13, 2015
Accepted (ET)
Jul 15, 2015 · 4:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001574532

Table I — non-derivative securities

SecurityDateCodeSharesPriceA/DOwned afterD/INature of ownership
Common Stock, par value $0.01 per share ("Common Stock")F2,F3Jul 13, 2015S1,483,890$23.10D3,351,636IBy Stonehill Institutional Partners, L.P.
Common StockF2,F3Jul 13, 2015S77,442$23.10D0IBy Stonehill Master Fund Ltd.

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

Remarks

Stonehill Institutional Partners, L.P., a Delaware limited partnership ("Partners"), and Stonehill Master Fund, Ltd., a Cayman Islands exempted company ("Master"), are the direct holders of the shares reported herein. Due to the limitations on the number of reporting persons that may be included on a single Form 4, Partners is reporting the subject transaction and its beneficial ownership on a separate Form 4. The Power of Attorney given by each of Messrs. Motulsky, Wilson, Teetsel, Varkey, Sacks, Sisitsky, Thoyer and Stern was previously filed with the U.S. Securities & Exchange Commission on February 24, 2014 as an exhibit to a statement on Form 4 filed by Stonehill Capital Management LLC with respect to WCIC and is hereby incorporated by reference. Solely for purposes of Section 16 of the Exchange Act, each of Partners and, by virtue of their control of Partners, Management and GP (as defined in Exhibit 99.1), may be deemed to be directors-by-deputization by virtue of Partners' contractual right to designate a member of the board of directors of WCIC. Christopher Wilson, a managing member of GP and Management, is a member of WCIC's board of directors. Exhibit List: Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filers' Information and Signatures