0001140361-16-050660.txt : 20160208 0001140361-16-050660.hdr.sgml : 20160208 20160208175940 ACCESSION NUMBER: 0001140361-16-050660 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160208 DATE AS OF CHANGE: 20160208 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WCI Communities, Inc. CENTRAL INDEX KEY: 0001574532 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 270472098 STATE OF INCORPORATION: DE FISCAL YEAR END: 0609 BUSINESS ADDRESS: STREET 1: 24301 WALDEN CENTER DRIVE CITY: BONITA SPRINGS STATE: FL ZIP: 34134 BUSINESS PHONE: 239-947-2600 MAIL ADDRESS: STREET 1: 24301 WALDEN CENTER DRIVE CITY: BONITA SPRINGS STATE: FL ZIP: 34134 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: THOYER MICHAEL CENTRAL INDEX KEY: 0001582442 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396645 MAIL ADDRESS: STREET 1: C/O STONEHILL CAPITAL MANAGEMENT LLC STREET 2: 885 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SISITSKY PETER CENTRAL INDEX KEY: 0001454846 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396646 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE, 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER NAME: FORMER CONFORMED NAME: SISITISKY PETER DATE OF NAME CHANGE: 20090127 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sacks Jonathan S CENTRAL INDEX KEY: 0001388803 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396647 MAIL ADDRESS: STREET 1: STONEHILL CAPITAL MANAGEMENT STREET 2: 885 THIRD AVENUE 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: VARKEY THOMAS CENTRAL INDEX KEY: 0001287381 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396648 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MOTULSKY JOHN CENTRAL INDEX KEY: 0001266230 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396650 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STONEHILL CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001266227 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396653 BUSINESS ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 739 7474 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 FORMER NAME: FORMER CONFORMED NAME: STONEHIL CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20031006 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STONEHILL INSTITUTIONAL PARTNERS LP CENTRAL INDEX KEY: 0001052161 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396651 BUSINESS ADDRESS: STREET 1: 110 EAST 59TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123555200 MAIL ADDRESS: STREET 1: 126 EAST 56TH STREET STREET 2: 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stern Michael Lenard CENTRAL INDEX KEY: 0001600910 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396644 MAIL ADDRESS: STREET 1: C/O STONEHILL CAPITAL MANAGEMENT LLC STREET 2: 885 THIRD AVE., 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WILSON CHRISTOPHER E CENTRAL INDEX KEY: 0001266259 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396649 MAIL ADDRESS: STREET 1: 885 THIRD AVE STREET 2: 30TH FL CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stonehill General Partner, LLC CENTRAL INDEX KEY: 0001389016 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36023 FILM NUMBER: 161396652 BUSINESS ADDRESS: STREET 1: 885 THIRD AVENUE STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-739-7474 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 5 1 doc1.xml FORM 5 X0306 5 2015-12-31 0 0 0 0001574532 WCI Communities, Inc. WCIC 0001266227 STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 0 1 See Remarks 0001389016 Stonehill General Partner, LLC C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 0 0 0001052161 STONEHILL INSTITUTIONAL PARTNERS LP C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 0 0 0001266230 MOTULSKY JOHN C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 0 1 See Remarks 0001266259 WILSON CHRISTOPHER E C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 0 0 0001287381 VARKEY THOMAS C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 0 1 See Remarks 0001388803 Sacks Jonathan S C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 0 1 See Remarks 0001454846 SISITSKY PETER C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 0 1 See Remarks 0001582442 THOYER MICHAEL C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 0 1 See Remarks 0001600910 Stern Michael Lenard C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 0 1 See Remarks Common Stock, par value $0.01 per share 2015-12-21 5 J 0 310 0 A 1967746 I By Stonehill Institutional Partners, L.P. Common Stock, par value $0.01 per share 2015-12-21 5 J 0 684 0 A 684 I By Stonehill Master Fund Ltd. See Exhibit 99.1. See Exhibit 99.1. See Exhibit 99.1. Stonehill Institutional Partners, L.P., a Delaware limited partnership ("Partners"), and Stonehill Master Fund Ltd., a Cayman Islands exempted company ("Master"), are the direct holders of the shares reported herein. The Power of Attorney given by each of Messrs. Motulsky, Wilson, Varkey, Sacks, Sisitsky, Thoyer and Stern was previously filed with the U.S. Securities & Exchange Commission on February 24, 2014 as an exhibit to a statement on Form 4 filed by Stonehill Capital Management LLC with respect to WCIC and is hereby incorporated by reference. Solely for purposes of Section 16 of the Exchange Act, each of Partners and, by virtue of their control of Partners, Management and GP (as defined in Exhibit 99.1), may be deemed to be directors-by-deputization by virtue of Partners' contractual right to designate one member of the board of directors of WCIC. Christopher Wilson, a managing member of GP and Management, is a member of WCIC's board of directors. Messrs. Motulsky, Wilson, Varkey, Sacks, Sisitsky, Thoyer and Stern are managing members of GP and Management and may be deemed to control GP, Management, Partners and Master. List of Exhibits: Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filer Information and Signatures /s/ Paul Malek, Authorized Signatory 2016-02-08 EX-99.1 2 s16232835a.htm EXPLANATION OF RESPONSES
Explanation of Responses
(1)
 
Distribution of shares from creditors trust established in 2009 pursuant to plan of reorganization in WCIC’s chapter 11 proceedings.  Acquisition is exempt from Section 16(b) as having been acquired in good faith in connection with a debt previously contracted.
 
(2)
 
This Form 5 is being filed on behalf of Stonehill Capital Management LLC, a Delaware limited liability company (“Management”), Stonehill General Partner, LLC, a Delaware limited liability company (“GP”), Stonehill Institutional Partners, L.P., a Delaware limited partnership (“Partners”) and Messrs. John Motulsky, Christopher Wilson, Thomas Varkey, Jonathan Sacks, Peter Sisitsky, Michael Thoyer and Michael Stern.
 
(3)
 
GP is the sole general partner of Partners.  Management is the investment advisor to Partners and Master.  Messrs. Motulsky, Wilson, Varkey, Sacks, Sisitsky, Thoyer and Stern are managing members of GP and Management and may be deemed to control GP, Management, Partners and Master.  Each of Management, GP and Messrs. Motulsky, Wilson, Varkey, Sacks, Sisitsky, Thoyer and Stern disclaims beneficial ownership of all shares of WCIC’s common stock held directly by Partners and Master except to the extent of any indirect pecuniary interest therein.
 
EX-99.2 3 s16232835b.htm JOINT FILER INFORMATION AND SIGNATURES
Joint Filer Information and Signatures
Joint Filers:


 
1.
 
Name: Stonehill Capital Management LLC
 
   
Address: 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
STONEHILL CAPITAL MANAGEMENT LLC
 
  
     
By: /s/ Paul Malek                                                    
February 8, 2016
     
Name: Paul Malek
Date
     
Title:   Authorized Signatory
  
         
 
2.
 
Name: Stonehill General Partner, LLC
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
STONEHILL GENERAL PARTNER, LLC
 
  
     
By: /s/ Paul Malek                                                      
February 8, 2016
     
Name: Paul Malek
Date
     
Title:   Authorized Signatory
  
         
 
3.
 
Name:  Stonehill Institutional Partners, L.P.
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
STONEHILL INSTITUTIONAL PARTNERS, L.P.
 
  
     
By: /s/ Paul Malek                                                     
February 8, 2016
     
Name: Paul Malek
Date
      Title:  Authorized Signatory   
         
 
4.
 
Name:  John Motulsky
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                     
February 8, 2016
     
Name: John Motulsky
Date
         
 
5.
 
Name:  Christopher Wilson
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                      
February 8, 2016
     
Name: Christopher Wilson
Date
 
 
6.
 
Name:  Thomas Varkey
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                     
February 8, 2016
     
Name: Thomas Varkey
Date
         
 
7.
 
Name:  Jonathan Sacks
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                     
February 8, 2016
     
Name: Jonathan Sacks
Date
         
 
8.
 
Name:  Peter Sisitsky
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                     
February 8, 2016
     
Name: Peter Sisitsky
Date
         
 
 
 
 
 
9.
 
Name:  Michael Thoyer
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                      
February 8, 2016
     
Name: Michael Thoyer
Date
         
 
10.
 
Name:  Michael Stern
 
   
Address: c/o Stonehill Capital Management LLC, 885 Third Avenue, 30th Floor, New York, New York 10022
 
     
By: /s/ Paul Malek, as attorney-in-fact                       
February 8, 2016
     
Name: Michael Stern
Date