Amendment No. 16 to Schedule 13D

0001193125-16-469496.txt : 20160219 0001193125-16-469496.hdr.sgml : 20160219 20160219122734 ACCESSION NUMBER: 0001193125-16-469496 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20160219 DATE AS OF CHANGE: 20160219 GROUP MEMBERS: MARUBENI AVIATION CORP GROUP MEMBERS: MARUBENI AVIATION HOLDING COOPERATIEF U.A. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Aircastle LTD CENTRAL INDEX KEY: 0001362988 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 980444035 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82658 FILM NUMBER: 161441041 BUSINESS ADDRESS: STREET 1: C/O AIRCASTLE ADVISOR LLC STREET 2: 300 FIRST STAMFORD PLACE, 5TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: (203) 504-1020 MAIL ADDRESS: STREET 1: C/O AIRCASTLE ADVISOR LLC STREET 2: 300 FIRST STAMFORD PLACE, 5TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MARUBENI CORP /FI CENTRAL INDEX KEY: 0000801645 IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: CPO BOX 595 CITY: TOKYO JAPAN STATE: M0 SC 13D/A 1 d146830dsc13da.htm AMENDMENT NO. 16 TO SCHEDULE 13D Amendment No. 16 to Schedule 13D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 16)

AIRCASTLE LIMITED

(Name of Issuer)

Common Shares, par value $0.01 per share

(Title of Class of Securities)

G0129K104

(CUSIP Number)

Marubeni Corporation

4-2 Ohtemachi 1-Chome

Chiyoda-Ku, Tokyo, 100-8088 Japan

Attention: General Manager

Telephone: 81 3 3282 7398

(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing persons)

February 17, 2016

(Date of event which requires filing of this statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

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CUSIP No. G0129K104


1.	NAME OF REPORTING PERSONS Marubeni Corporation
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
3.	SEC USE ONLY
4.	SOURCE OF FUNDS WC
5.	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION Japan
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		7.	SOLE VOTING POWER 0
		8.	SHARED VOTING POWER 21,230,584
		9.	SOLE DISPOSITIVE POWER 0
		10.	SHARED DISPOSITIVE POWER 21,230,584
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,230,584
12.	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.02%*
14.	TYPE OF REPORTING PERSON CO

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CUSIP No. G0129K104


1.	NAME OF REPORTING PERSONS Marubeni Aviation Corporation
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
3.	SEC USE ONLY
4.	SOURCE OF FUNDS AF
5.	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION Japan
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		7.	SOLE VOTING POWER 0
		8.	SHARED VOTING POWER 21,230,584
		9.	SOLE DISPOSITIVE POWER 0
		10.	SHARED DISPOSITIVE POWER 21,230,584
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,230,584
12.	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.02%*
14.	TYPE OF REPORTING PERSON CO

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CUSIP No. G0129K104


1.	NAME OF REPORTING PERSONS Marubeni Aviation Holding Coöperatief U.A.
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨
3.	SEC USE ONLY
4.	SOURCE OF FUNDS AF
5.	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		7.	SOLE VOTING POWER 0
		8.	SHARED VOTING POWER 21,230,584
		9.	SOLE DISPOSITIVE POWER 0
		10.	SHARED DISPOSITIVE POWER 21,230,584
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,230,584
12.	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.02%*
14.	TYPE OF REPORTING PERSON CO

*	Based on the 78,564,901 Common Shares that the Issuer reported as issued and outstanding as of February 5, 2016 in the Issuer’s Annual Report on Form 10-K filed February 11, 2016.

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Explanatory Statement

This Amendment No. 16 (“Amendment No. 16”) amends and supplements the statement on Schedule 13D filed by Marubeni Corporation (“Marubeni”) on June 17, 2013, as amended by Amendments Nos. 1 through 15 filed jointly by Marubeni, Marubeni Aviation Corporation (“MAC”) and Marubeni Aviation Holding Coöperatief U.A. (“MHC” and together with Marubeni and MAC, the “Reporting Persons”). The Schedule 13D, as so amended (the “Schedule 13D”), relates to the common shares, par value $0.01 per share (the “Common Shares”), of Aircastle Limited, a Bermuda exempted company (the “Issuer”). Unless otherwise indicated, each capitalized term used but not defined herein has the meaning assigned to such term in the Schedule 13D.

This Amendment No. 16 is being filed jointly by the Reporting Persons.

Item 4. Purpose of Transaction

Item 4 is hereby supplemented by the addition of the following:

On February 17, 2016, MHC and Citigroup Global Markets Inc. (“CGMI”) entered into a Stock Purchase Plan (the “2016 Purchase Plan”). The 2016 Purchase Plan provides for the purchase of up to 374,763 Common Shares. The Reporting Persons expect that purchases of Common Shares will be made for MHC’s account pursuant to the Purchase Plan. The limitation on the number of Common Shares that can be purchased under the 2016 Purchase Plan corresponds to the ownership limitation imposed on Marubeni and MHC under the Amended and Restated Shareholder Agreement, dated February 18, 2015, between Marubeni, MHC and the Issuer.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 is hereby supplemented by the addition of the following:

As described in Item 4, on February 17, 2016, MHC and CGMI entered into the 2016 Purchase Plan. The 2016 Purchase Plan is filed herewith as Exhibit 7.19 and incorporated herein by reference. On the date MHC entered into the 2016 Purchase Plan, none of the Reporting Persons were in possession of any material nonpublic information regarding the Issuer. MHC requested and was granted approval by the Issuer to enter into the Purchase Plan in accordance with the Issuer’s Amended and Restated Insider Trading Compliance Program.

Item 7. Material To Be Filed as Exhibits.

Item 7 is hereby amended to add the following:


Exhibit Number		Description of Exhibit

Exhibit 7.19		Stock Purchase Plan between Marubeni Aviation Holding Coöperatief U.A. and Citigroup Global Markets Inc., dated February 17, 2016.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Dated:		February 19, 2016

MARUBENI CORPORATION

By:		/s/ Akira Kotaki

Name:		Akira Kotaki
Title:		General Manager, Aerospace & Defense Systems Dept.

MARUBENI AVIATION CORPORATION

By:		/s/ Akira Kotaki

Name:		Akira Kotaki
Title:		Director

MARUBENI AVIATION HOLDING COÖPERATIEF U.A.

By:		/s/ Akira Kotaki

Name:		Akira Kotaki
Title:		Managing Director

EX-7.19 2 d146830dex719.htm EX-7.19 EX-7.19

Exhibit 7.19

STOCK PURCHASE PLAN

(ATTACHED)

STOCK PURCHASE PLAN

This Stock Purchase Plan (the “Purchase Plan”) is entered into on February 17, 2016, by and between Citigroup Global Markets Inc. (“CGMI”) and Marubeni Aviation Holding Coöperatief U.A. (“Marubeni”) for the purchase of shares of common stock (the “Stock”) issued by the Aircastle Limited (the “Issuer”) complying with the provisions of Rule 10b5-1 (“Rule 10b5-1”) and Rule 10b-18 (“Rule 10b-18”) under the Securities Exchange Act of 1934 on a “not held” basis.

A)	Purchase Plan Requirements

On any day on which the New York Stock Exchange is open for business and CGMI is instructed to engage in stock purchasing efforts, pursuant to the written instructions set forth in Appendix A, attached hereto, of this Purchase Plan, CGMI will act as Marubeni’s exclusive agent to repurchase shares of Stock.

Purchases made by CGMI pursuant to this Purchase Plan shall be made in accordance with Marubeni’s written instructions set forth in Appendix A, and shall be made at the prevailing market prices, pursuant to the limitations stated in Appendix A, in open-market transactions. CGMI will use its best efforts to effect all open-market purchases pursuant to this Purchase Plan in accordance with the provisions of Rule 10b-18.

The instructions set forth in Appendix A shall be adjusted automatically on a proportionate basis to take into account any stock split, reverse stock split or stock dividend with respect to the Stock, or any change in capitalization with respect to the Issuer, that occurs during the term of this Purchase Plan.

CGMI shall be entitled to a commission of $0.02 per share purchased.

B)	Marubeni’s Representations and Warranties

Marubeni makes the following representations and warranties, each of which shall continue while this Purchase Plan is in effect and will survive the termination of this Purchase Plan:

At the time of Marubeni’s execution of this Purchase Plan, Marubeni is not aware of any material, non-public information with respect to the Issuer or the Stock. Marubeni is entering into this Purchase Plan in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1, Rule 10b-18 or other applicable securities laws.

Purchases of Stock under this Purchase Plan have been duly authorized by Marubeni and are not prohibited by any legal, regulatory or contractual restriction or undertaking binding on Marubeni. Marubeni will inform CGMI as soon as possible of any subsequent legal or contractual restrictions affecting the execution of the Purchase Plan by CGMI or Marubeni and of the occurrence of any event that would cause the Purchase Plan to be suspended or to end as contemplated in Section C and Section E.

Marubeni agrees not to enter into or alter any corresponding or hedging transaction with respect to the Stock while this Purchase Plan remains in effect.

If applicable, Marubeni agrees to provide CGMI with all necessary information regarding Marubeni’s previous purchases of Stock and/or the Issuer’s previous purchases of Stock, as may be required for CGMI to calculate the applicable volume limitations under Rule 10b-18.

Marubeni agrees that it will not take any action that would cause any purchase of Stock under this Purchase Plan not to comply with Rule 10b-18 or any other applicable law.

Marubeni agrees that it does not have authority, influence or control over any purchase of Stock effected by CGMI pursuant to this Purchase Plan and will not attempt to exercise any such authority, influence or control. Marubeni agrees that it will not communicate any material non-public information relating to the Stock or the Issuer to any employee of CGMI or its affiliates who is responsible for purchasing Stock, in accordance with this Purchase Plan and during the time this Purchase Plan is in effect.

Marubeni acknowledges and agrees that the Purchase Plan is a “securities contract,” as such term is defined in Section 741(7) of Title 11 of the United States Code, as it may be amended (the “Bankruptcy Code”), entitled to all of the protections given such contracts under the Bankruptcy Code.

This Purchase Plan constitutes Marubeni’s legal, valid and binding obligation enforceable against Marubeni in accordance with its terms. There is no litigation, arbitration or other proceeding pending, or to Marubeni’s knowledge threatened, that would prevent or interfere with Marubeni’s purchase of Stock under this Purchase Plan.

C)	Suspension of Purchases

Marubeni acknowledges and agrees that CGMI may suspend purchases under this Purchase Plan in the event that:

CGMI determines that it is prohibited from purchasing Stock by a legal, contractual or regulatory restriction applicable to it or its affiliates or to Marubeni and its affiliates (other than any such restriction relating to Marubeni’s possession or alleged possession of material nonpublic information about the Issuer or the Stock); or

CGMI determines, in its sole discretion that a market disruption has occurred, beyond the control of CGMI that would materially interfere with CGMI’s ability to carry out the terms of this Purchase Plan; or

Trading in the Stock is halted or suspended

If any purchases cannot be executed as required by this Purchase Plan due to any of the events specified in Paragraphs (1), (2) or (3) above, CGMI shall effect such purchases as promptly as practicable after the cessation or termination of such disruption, applicable restriction or other event.

D)	Modification of this Purchase Plan

Any modification of this Purchase Plan by Marubeni will be made in good faith and not as part of a scheme to evade the prohibitions of Rule 10b5-1, and only with CGMI’s written consent. In particular, Marubeni agrees that it will not modify or propose to modify this Purchase Plan at any time that it is aware of any material non-public information about the Issuer and/or the Stock and that it will be deemed to repeat its representations in Section B at the time of such modification. Termination of this Purchase Plan by Marubeni pursuant to Section E (1) (ii) shall not be deemed a modification of this Purchase Plan.

E)	Termination of this Purchase Plan

This Purchase Plan will terminate upon the earliest of any of the following events:

The satisfaction of the purchasing instructions specified in Appendix A, including without limitation the expiration of any applicable purchase period or the completion of any applicable maximum purchase amount;

ii.

Marubeni or its designee notifies CGMI in writing, that this Purchase Plan is to be terminated;

iii.

CGMI determines, in its sole discretion, that it is prohibited for any reason from engaging in purchasing activity as Marubeni’s agent under this Purchase Plan;

iv.

CGMI becomes aware of the commencement of any voluntary or involuntary case or other proceeding seeking liquidation, reorganization or other relief under any bankruptcy, insolvency or similar law or seeking the appointment of a trustee, receiver or other similar official, in each case with respect to Marubeni or the taking of any corporate action by Marubeni to authorize or commence any of the foregoing;

Marubeni or any other person publicly announces a tender or exchange offer with respect to the Stock or a merger, acquisition, reorganization, recapitalization or other similar business combination or transaction as a result of the consummation of which the Stock would be exchanged or converted into cash, securities or other property.

Any transaction pending at the time CGMI receives a notice referred to in Section D or E (1) (ii) shall be completed and CGMI shall receive the commission set forth in Section A (3).

F)	Indemnification and Limitation on Liability

Marubeni agrees to indemnify and hold harmless CGMI (and its directors, officers, employees and affiliates) from and against all claims, liabilities, losses, damages and expenses (including reasonable attorney’s fees and costs) arising out of or attributable to: (a) any material breach by Marubeni of this Purchase Plan (including Marubeni’s representations and warranties), and (b) any violation by Marubeni of applicable laws or regulations. Marubeni will have no indemnification obligations in the case of gross negligence or willful misconduct of CGMI or any other indemnified person. This indemnification will survive the termination of this Purchase Plan.

Notwithstanding any other provision herein, neither CGMI nor Marubeni will be liable for:

Special, indirect, punitive, exemplary, or consequential damages, or incidental losses or damages of any kind, even if advised of the possibility of such losses or damages or if such losses or damages could have been reasonably foreseen.

ii.

Any failure to perform or for any delay in performance that results from a cause or circumstance that is beyond its reasonable control, including but not limited to failure of electronic or mechanical equipment, strikes, failure of common carrier or utility systems, severe weather, market disruptions or other causes commonly known as “acts of God”.

Marubeni acknowledges and agrees that CGMI has not provided Marubeni with any tax, accounting or legal advice with respect to this Purchase Plan, including whether Marubeni would be entitled to any of the affirmative defenses under Rule 10b5-1.

G)	Governing Law

This Purchase Plan will be governed by, and construed in accordance with, the laws of the State of New York, without regard to such State’s conflict of laws rules.

H)	Entire Agreement

This Purchase Plan (including any annexes, exhibits, or appendices) constitutes the entire agreement between the parties hereto with respect to the subject matter hereof, and supersedes any previous or contemporaneous agreements, understandings, proposals or promises with respect thereto, whether written or oral.

I)	Assignment

This Purchase Plan and each party’s rights and obligations hereunder may not be assigned or delegated without the written permission of the other party and shall inure to the benefit of each party’s successors and permitted assigns, whether by merger, consolidation or otherwise.

Notices

All required notifications to CGMI under this Purchase Plan shall be made in writing, sent via facsimile and confirmed by telephone to the Special Equity Transactions Group, fax number (646) 291-3270, telephone number (877) 531-8365.

All required notifications to Marubeni under this Purchase Plan shall be made in writing, sent (i) via facsimile, and confirmed by telephone to Marubeni Aviation Holding Coöperatief U.A., ATTN: Akira Kotaki, Managing Director, fax number 31-20-673-00-16, telephone number 31-20-406-45-13.

K)	Counterparts

This Purchase Plan may be executed in two or more counterparts and by facsimile signature.

IN WITNESS WHEREOF, the undersigned have executed this Purchase Plan as of the date first written above.


MARUBENI AVIATION HOLDING COÖPERATIEF U.A.		CITIGROUP GLOBAL MARKETS INC.

By:		By:


Name:	Akira Kotaki	Name:	Matthew T. Morris

Title:	Managing Director	Title:	Director

APPENDIX A

Purchase Period:

February 18, 2016 through and including December 31, 2016

Plan Share Cap:

The total purchases under this plan shall not exceed 374,763 shares of the Stock.

Daily Share Cap:

The maximum number of shares of the stock permitted under the “25% of ADTV” limitation of Rule 10b-18

Once per week, as permitted and defined under Rule 10b-18. a “block” purchase may be executed in lieu of purchasing under the 25% limitation

Maximum Purchase Price:

$20.50 per share for any share purchased

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