SEC Form 3 · accession 0000943663-16-000497
CHEMICAL & MINING CO OF CHILE INC · SQM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
SailingStone Capital Partners LLC
10% Owner
SailingStone Holdings LLC
10% Owner
MacKenzie B Davis
10% Owner
Kenneth L Settles Jr.
10% Owner
Period of report
Mar 28, 2016
Accepted (ET)
Nov 3, 2016 · 9:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000909037
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series B SharesF1,F2,F3 | holding | — | — | — | 32,529 | I | By: SAILINGSTONE GLOBAL NATURAL RESOURCES FUND, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 28, 2016, the Reporting Persons determined to submit Edward J. Waitzer for re-election to the Board of Chemical & Mining Co of Chile Inc. (the "Company") at the April 26, 2016 shareholder meeting and to encourage other Series B shareholders to vote for him. Prior to this, for Section 16 of the Securities Exchange Act of 1934, as amended (the "1934 Act"), purposes, the Reporting Persons did not beneficially own more than 10% of any class of the Company's equity securities due to beneficial ownership exemptions under Rules 16a-1(a)(1)(v) and (vii) under the 1934 Act, as applicable, for shares of the Company held in accounts for which SailingStone Capital Partners LLC serves as investment adviser. On May 26, 2016 the Reporting Persons no longer sought to influence control of the Company and, accordingly, no longer beneficially owned more than 10% of any class of the Company's equity securities due to exemptions from beneficial ownership under Rules 16a-1(a)(1)(v) and (vii).
- F2Kenneth Settles holds approximately 0.89% of the limited partnership interests of SailingStone Global Natural Resources Fund, L.P. a Delaware limited partnership ("GNR Fund"), and may be considered to have a pecuniary interest in the proportionate amount of the common stock of the Company held by GNR Fund, or 14,403 shares. MacKenzie Davis holds approximately 1.12% of the limited partnership interests of GNR Fund and may be considered to have a pecuniary interest in the proportionate amount of the common stock of the Company held by GNR Fund, or 18,126 shares.
- F3Each of the Reporting Persons (other than Kenneth Settles and MacKenzie Davis to the extent set forth above), hereby disclaims beneficial ownership of the shares held by GNR Fund pursuant to Rule 16a-1(a)(4) under the 1934 and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of any of the reported shares for purposes of Section 16 or for any other purpose.