SEC Form 3 · accession 0000905718-17-000790
CARVANA CO. · CVNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Melvin Capital Management LP
10% Owner
Period of report
Aug 11, 2017
Accepted (ET)
Aug 17, 2017 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001690820
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.001F1 | holding | — | — | — | 1,000,000 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F1 | $20.00 | holding | — | — | — | Aug 11, 2017 | Nov 14, 2017 | Class A Common Stock, par value $0.001 | 100,000 | — | I |
| Option (right to buy)F1 | $20.00 | holding | — | — | — | Aug 11, 2017 | Aug 18, 2017 | Class A Common Stock, par value $0.001 | 250,000 | — | I |
| Option (right to buy)F1 | $22.50 | holding | — | — | — | Aug 11, 2017 | Aug 18, 2017 | Class A Common Stock, par value $0.001 | 300,000 | — | I |
Explanation of responses
- F1Melvin Capital Management LP (the "Reporting Person") is the investment manager to Melvin Capital Master Fund Ltd., a Cayman Islands exempted company ("Melvin Master"), Melvin Capital Onshore LP, a Delaware limited partnership ("Melvin Onshore"), and one or more managed accounts (the "Managed Accounts"). On August 11, 2017, the date of the event which requires the filing of this statement, (i) Melvin Master held 609,260 shares of Class A Common Stock, par value $0.001 per share (the "Common Stock"), of Carvana Co. and options exercisable into 397,200 shares of Common Stock, (ii) Melvin Onshore held 148,367 shares of Common Stock and options exercisable into 95,800 shares of Common Stock, and (iii) the Managed Accounts held 242,373 shares of Common Stock and options exercisable into 157,000 shares of Common Stock. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's beneficial ownership is limited to its pecuniary interest, if any, in such securities.