-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LUMKfdYqLJyK7v8Xb2w8QqZVzIE8O5Xy5sZGFzI+hFK6orF0vVVGq8wK2zub2Zz0 6g7lRk2FpR06wlTB7bZnjw== 0000950123-11-003249.txt : 20110118 0000950123-11-003249.hdr.sgml : 20110117 20110118093531 ACCESSION NUMBER: 0000950123-11-003249 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110118 DATE AS OF CHANGE: 20110118 GROUP MEMBERS: 2006 CO-INVESTMENT PORTFOLIO, L.P. GROUP MEMBERS: STEPSTONE CAPITAL PARTNERS II CAYMAN HOLDINGS, L.P. GROUP MEMBERS: STEPSTONE CAPITAL PARTNERS II ONSHORE, L.P. GROUP MEMBERS: STEPSTONE CO-INVESTMENT FUNDS GP, LLC GROUP MEMBERS: STEPSTONE GROUP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Patriot Coal CORP CENTRAL INDEX KEY: 0001376812 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE MINING [1220] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83427 FILM NUMBER: 11531947 BUSINESS ADDRESS: STREET 1: 12312 OLIVE BOULEVARD STREET 2: SUITE 400 CITY: ST. LOUIS STATE: MO ZIP: 63141 BUSINESS PHONE: 314-275-3600 MAIL ADDRESS: STREET 1: 12312 OLIVE BOULEVARD STREET 2: SUITE 400 CITY: ST. LOUIS STATE: MO ZIP: 63141 FORMER COMPANY: FORMER CONFORMED NAME: Eastern Coal Holding Company, Inc. DATE OF NAME CHANGE: 20060928 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: StepStone Group LLC CENTRAL INDEX KEY: 0001502287 IRS NUMBER: 331156466 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 410 PARK AVENUE STREET 2: SUITE 1710 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 750-0330 MAIL ADDRESS: STREET 1: 410 PARK AVENUE STREET 2: SUITE 1710 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 c11086sc13dza.htm SCHEDULE 13D/A Schedule 13D/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 11)*

Patriot Coal Corporation
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
70336T 10 4
(CUSIP Number)
John A. Tisdale, Esq.
General Counsel
ArcLight Capital Holdings, LLC
200 Clarendon Street, 55th Floor
Boston, MA 02117
Telephone: (617) 531-6300
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 11, 2011
(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. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 


 

                     
CUSIP No.
 
70336T 10 4 
 

 

           
1   NAMES OF REPORTING PERSONS

2006 Co-Investment Portfolio, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   193,376
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    193,376
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  193,376
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  þ
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.2%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

2


 

                     
CUSIP No.
 
70336T 10 4 
 

 

           
1   NAMES OF REPORTING PERSONS

StepStone Capital Partners II Onshore, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   98,066
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    98,066
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  98,066
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  þ
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.1%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

3


 

                     
CUSIP No.
 
70336T 10 4 
 

 

           
1   NAMES OF REPORTING PERSONS

StepStone Capital Partners II Cayman Holdings, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   122,873
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    122,873
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  122,873
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  þ
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.1%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

4


 

                     
CUSIP No.
 
70336T 10 4 
 

 

           
1   NAMES OF REPORTING PERSONS

StepStone Co-Investment Funds GP, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   414,315
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    414,315
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  414,315
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  þ
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN; OO (Investment Manager)

5


 

                     
CUSIP No.
 
70336T 10 4 
 

 

           
1   NAMES OF REPORTING PERSONS

StepStone Group LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   414,315
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    414,315
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  414,315
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  þ
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  0.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN; IA

6


 

Item 2. Identity and Background
This Amendment No. 11 relates to shares of Common Stock of Patriot Coal Corporation (the “Issuer”). This Amendment to the Schedule 13D filed on August 1, 2008 (File No. 005-83427), as amended on August 18, 2008, January 21, 2009, February 11, 2010, March 8, 2010, March 12, 2010, March 18, 2010, June 17, 2010, December 21, 2010 and January 10, 2011 (the “Schedule 13D”) is being filed by the following persons to amend and supplement the Items set forth below: 2006 Co-Investment Portfolio, L.P. (“StepStone Investment”), StepStone Capital Partners II Onshore, L.P. (“StepStone Onshore”), StepStone Capital Partners II Cayman Holdings, L.P. (“StepStone Cayman”, and together with StepStone Investment and StepStone Onshore, the “StepStone Funds”), StepStone Co-Investment Funds GP, LLC (“StepStone Co-Investment”) and StepStone Group LLC (together with the StepStone Funds and StepStone Co-Investment, the “StepStone Entities”). Capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the Reporting Persons’ Schedule 13D, as amended.
The principal address of each of the StepStone Entities is 505 5th Avenue, 17th Floor, New York, New York 10017. Set forth in Annex A attached hereto and incorporated herein by reference is a listing of the directors, executive officers and managers of StepStone Group LLC and each controlling person thereof (collectively, the “StepStone Covered Persons”), and the business address and present principal occupation or employment and citizenship of each of the StepStone Covered Persons.
Item 5. Interest in Securities of the Issuer
(a), (b) StepStone Co-Investment, as general partner of each of the StepStone Funds, and StepStone Group LLC, as general partner of StepStone Co-Investment and as investment advisor to each of the StepStone Funds, may be deemed to beneficially own the Common Shares held by each StepStone Fund.
2006 Co-Investment Portfolio, L.P. has the shared power to vote, direct the voting of, dispose of and direct the disposition of 193,376 Common Shares, representing approximately 0.2% of the outstanding Common Shares.
StepStone Onshore has the shared power to vote, direct the voting of, dispose of and direct the disposition of 98,066 Common Shares, representing approximately 0.1% of the outstanding Common Shares.
StepStone Cayman has the shared power to vote, direct the voting of, dispose of and direct the disposition of 122,873 Common Shares, representing approximately 0.1% of the outstanding Common Shares.
StepStone Co-Investment and StepStone Group LLC each have the shared power to vote, direct the voting of, dispose of and direct the disposition of 414,315 Common Shares, representing approximately 0.5% of the outstanding Common Shares.
Percentage of beneficial ownership as reported herein is based on 90,994,399 Common Shares outstanding as of October 29, 2010, as reported in the Issuer’s Quarterly Report on Form 10-Q filed November 5, 2010.
(c) Annex B attached hereto sets forth a summary of the transactions in the Common Shares effected by the StepStone Entities within the past 60 days.

 

7


 

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.
Date: January 18, 2011
         
2006 CO-INVESTMENT PORTFOLIO, L.P.      
By: STEPSTONE CO-INVESTMENT FUNDS GP, LLC,
its general partner  
   
By:   /s/ Jose Fernandez      
Name:   Jose Fernandez     
Title:   Managing Director     
 
STEPSTONE CAPITAL PARTNERS II ONSHORE, L.P.      
By:  STEPSTONE CO-INVESTMENT FUNDS GP, LLC,
its general partner  
   
By:   /s/ Jose Fernandez      
Name:   Jose Fernandez     
Title:   Managing Director     
 
STEPSTONE CAPITAL PARTNERS II CAYMAN HOLDINGS, L.P.      
By: STEPSTONE CO-INVESTMENT FUNDS GP, LLC,
its general partner  
   
By:   /s/ Jose Fernandez      
Name:   Jose Fernandez     
Title:   Managing Director     
 
STEPSTONE CO-INVESTMENT FUNDS GP, LLC    
By:   /s/ Jose Fernandez      
Name:   Jose Fernandez     
Title:   Managing Director     
 
STEPSTONE GROUP LLC      
By:   /s/ Jose Fernandez      
Name:   Jose Fernandez     
Title:   Managing Director     
 

 

8


 

ANNEX A
MANAGERS AND EXECUTIVE OFFICERS OF
STEPSTONE CO-INVESTMENT FUNDS GP, LLC
The following sets forth the name, principal occupation and citizenship of each of the managers and executive officers of StepStone Co-Investment Funds GP, LLC.
             
            Principal Place
Name   Principal Occupation or Employment   Citizenship   of Business
Monte Brem
  Chief Executive Officer   United States   (1)
Tom Keck
  Chief Investment Officer   United States   (2)
Jose Fernandez
  Managing Director   United States   (2)
Jay Rose
  Managing Director   United States   (2)
Jim Gamett
  Managing Director   United States   (2)
Darren Friedman
  Managing Director   United States   (3)
Blair Jacobson
  Managing Director   United States   (4)
Johnny Randel
  Chief Financial Officer, Chief Operating Officer   United States   (2)
Jason Ment
  General Counsel, Chief Compliance Officer   United States   (3)
Karen Posner
  Controller   United States   (3)
Monica McGuire
  Compliance Officer   United States   (3)
Rebecca Ajavananda
  Director, Investor Relations   United States   (3)
Phil Neidoff
  Director, Business Development and Client   United States   (3)
 
  Relations        
     
 
(1)   Beijing Kerry Centre, North Tower, 20th Floor, Suite F, 1 Guang Hua Road, Chao Yang District, Beijing, China 100020.
 
(2)   4350 La Jolla Village Drive, Suite 800, San Diego, CA 92122.
 
(3)   505 5th Avenue, 17th Floor, New York, NY 10017.
 
(4)   c/o Citibank International plc, 33 Cavendish Square, 8th Floor, London W1A 2SY, United Kingdom.
MANAGERS AND EXECUTIVE OFFICERS OF
STEPSTONE GROUP LLC
The following sets forth the name, principal occupation and citizenship of each of the managers and executive officers of StepStone Group LLC.
             
            Principal Place
Name   Principal Occupation or Employment   Citizenship   of Business
Monte Brem
  Chief Executive Officer   United States   (1)
Tom Keck
  Chief Investment Officer   United States   (2)
Jose Fernandez
  Managing Director   United States   (2)
Jay Rose
  Managing Director   United States   (2)
Jim Gamett
  Managing Director   United States   (2)
Johnny Randel
  Chief Financial Officer, Chief Operating Officer   United States   (2)
Jason Ment
  General Counsel, Chief Compliance Officer   United States   (3)
     
 
(1)   Beijing Kerry Centre, North Tower, 20th Floor, Suite F, 1 Guang Hua Road, Chao Yang District, Beijing, China 100020.
 
(2)   4350 La Jolla Village Drive, Suite 800, San Diego, CA 92122.
 
(3)   505 5th Avenue, 17th Floor, New York, NY 10017.

 

9


 

ANNEX B
Set forth below is a list of open market transactions in shares of the Issuer’s Common Stock which have been effected by the StepStone Entities in the past 60 days.
                         
Trade Date   Entity   Purchase or Sale   Quantity     Price  
1/5/11
  StepStone Investment   Sale     121,351     $ 21.0435  
1/5/11
  StepStone Onshore   Sale     61,541     $ 21.0435  
1/5/11
  StepStone Cayman   Sale     77,108     $ 21.0435  
1/11/11
  StepStone Investment   Sale     116,684     $ 25.0413  
1/11/11
  StepStone Onshore   Sale     59,173     $ 25.0413  
1/11/11
  StepStone Cayman   Sale     74,143     $ 25.0413  
1/13/11
  StepStone Investment   Sale     60,208     $ 27.2135  
1/13/11
  StepStone Onshore   Sale     30,534     $ 27.2135  
1/13/11
  StepStone Cayman   Sale     38,258     $ 27.2135  

 

10

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