SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

E D & F Man Holdings Ltd

(Last)

(First)

(Middle)

COTTONS CENTRE, HAY'S LANE

(Street)

LONDON, UK

SE1 2QE

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Shermen WSC Acquisition Corp [ SACQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/30/2009		P		500,000	A	$5.97	4,991,529	I	By trustee⁽¹⁾
Common Stock	05/01/2009		P		4,000	A	$5.98	4,995,529	I	By trustee⁽¹⁾
Common Stock	05/04/2009		P		20,771	A	$5.98	5,016,300	I	By trustee⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

E D & F Man Holdings Ltd

(Last)

(First)

(Middle)

COTTONS CENTRE, HAY'S LANE

(Street)

LONDON, UK

SE1 2QE

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Trustcorp (Jersey) Ltd as Trustee of the E D & F Man 2009 Employee Trust

(Last)

(First)

(Middle)

PO BOX 393, 7-11 BRITANNIA PLACE

BATH STREET

(Street)

ST. HELIER

JE4 8US

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. These shares are beneficially owned directly by Trustcorp (Jersey) Limited, as trustee of E D & F Man 2009 Employee Trust, a ten percent owner of the issuer, and beneficially owned, for purposes of Rule 13d-3 under the Securities Exchange Act 1934, as amended, indirectly by E D & F Man Holdings Limited, as settlor of E D & F Man 2009 Employee Trust. Trustcorp (Jersey) Limited, as trustee of E D & F Man 2009 Employee Trust, disclaims any pecuniary interest in the shares reported. The settlor, i.e. E D & F Man Holdings Limited, has no ownership of the Trust property. The trustee, Trustcorp (Jersey) Limited, holds the Trust fund (the shares reported) for the benefit of the beneficiaries of the E D & F Man 2009 Employee Trust who are the employees and former employees of E D & F Man Holdings Limited and its subsidiaries excluding UK persons. E D & F Man Holdings Limited is not a beneficiary of the E D & F 2009 Employee Trust and has no legal title to the Trust Fund.

	/s/ Philip A. Howell	05/12/2009
	/s/ Denise M. Mitchinson, for and on behalf of Trustcorp (Jersey) Limited as Trustee of E D & F Man 2009 Employee Trust /s/ James W. Howe, for and on behalf of Trustcorp (Jersey) Limited as Trustee of E D & F Man 2009 Employee Trust	05/12/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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