SEC Form 3 · accession 0000950142-15-001026
EXIDE TECHNOLOGIES · XIDEQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
MACKAY SHIELDS LLC
10% Owner · Other
MAINSTAY FUNDS
10% Owner · Other
MAINSTAY VP FUNDS TRUST
10% Owner · Other
Period of report
Apr 30, 2015
Accepted (ET)
May 12, 2015 · 3:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000813781
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F1,F2,F3 | holding | — | — | — | 2,531,535 | I | See footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7% Second Lien Senior Secured Convertible PIK Notes due 2025F1,F2,F3,F4 | — | holding | — | — | — | Apr 30, 2015 | Apr 30, 2025 | Common Stock, par value $0.01 | 14,125,120 | — | D |
Explanation of responses
- F1There is no trading symbol for the Common Stock, par value $0.01 (the "Shares"), or the 7% Second Lien Senior Secured Convertible PIK Notes due 2025 (the "Second Lien Notes" and, together with the Shares, the "Securities").
- F2MacKay Shields LLC ("MacKay"), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, may be deemed to be the beneficial owner of 2,531,535 Shares and $123,590,168 aggregate principal of Second Lien Notes, which are currently convertible into 14,125,120 Shares, as a result of acting as investment adviser to various clients. The MainStay Funds - MainStay High Yield Corporate Bond Fund ("MainStay"), an investment company registered under the Investment Company Act of 1940 and a client of MacKay, beneficially owns 1,416,537 Shares and $69,215,341 Second Lien Notes, which are currently convertible into 7,910,621 Shares. MainStay VP Funds Trust - MainStay VP High Yield Corporate Bond Portfolio ("VP"), an investment company registered under the Investment Company Act of 1940 and a client of MacKay, beneficially owns 447,050 Shares and $22,176,352 Second Lien Notes, which are currently convertible into 2,534,535 Shares.
- F3In accordance with instruction 5(b)(iv), the entire number of Securities of the Issuer that may be deemed to be beneficially owned by MacKay is reported herein. MacKay disclaims any beneficial ownership of any security listed in this Form 3, except to the extent of any pecuniary interest therein.
- F4The initial conversion price shall be $1 of principal amount divided by the conversion rate of 0.11429. The conversion rate shall be subject to adjustment.