Martha Stewart Living Omnimedia, Inc.
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(Name of Issuer)
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Class A common stock, $0.01 par value
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(Title of Class of Securities)
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573083102
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(CUSIP Number)
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Jonathan Salinas
c/o Plymouth Lane Capital Management, LLC
717 Fifth Avenue, 11th Floor
New York, New York 10022
(212) 235-2277
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
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June 26, 2015
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(Date of Event Which Requires Filing of this Statement)
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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 ss.240.13D-1(e), 240.13d‑1(f) or 240.13d-1(g), check the following box [X].
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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.
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* 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.
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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).
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CUSIP No.
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573083102
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Plymouth Lane Capital Management, LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[_]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS*
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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3,552,861
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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3,552,861
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,552,861
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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[_]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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10.9%
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14.
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TYPE OF REPORTING PERSON*
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OO, IA
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CUSIP No.
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573083102
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Plymouth Lane General Partner, LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[__]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS*
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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3,552,861
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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3,552,861
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,552,861
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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[_]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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10.9%
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14.
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TYPE OF REPORTING PERSON*
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OO
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CUSIP No.
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573083102
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Plymouth Lane Partners (Master), LP
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[__]
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(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS*
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WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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0
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8.
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SHARED VOTING POWER
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3,552,861
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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3,552,861
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
3,552,861
|
12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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[_]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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10.9%
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14.
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TYPE OF REPORTING PERSON*
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PN
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CUSIP No.
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573083102
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Jonathan Salinas
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[__]
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||
(b)
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[X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS*
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OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
|
|
0
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8.
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SHARED VOTING POWER
|
|
3,552,861
|
9.
|
SOLE DISPOSITIVE POWER
|
|
0
|
10.
|
SHARED DISPOSITIVE POWER
|
|
3,552,861
|
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
3,552,861
|
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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[_]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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10.9%
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14.
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TYPE OF REPORTING PERSON*
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IN, HC
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CUSIP No.
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573083102
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Item 1.
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Security and Issuer.
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The name of the issuer is Martha Stewart Living Omnimedia, Inc., a Delaware corporation (the "Issuer"). The address of the Issuer's offices is 601 West 26th Street, New York, New York 10001. This Schedule 13D relates to the Issuer's Class A common stock, $0.01 par value (the "Shares").
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Item 2.
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Identity and Background.
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Item 3.
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Source and Amount of Funds or Other Consideration.
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As of the date hereof, the Reporting Persons each beneficially own 3,552,861 Shares. The funds for the purchase of the Shares came from the working capital of the Master Fund. The Shares are held by the Reporting Persons in margin accounts together with other securities. Such margin accounts may from time to time have debit balances. Part of the purchase price of the Shares was obtained through margin borrowing. The total cost of the Shares is approximately $16.7 million.
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Item 4.
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Purpose of Transaction.
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Item 5.
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Interest in Securities of the Issuer.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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The Reporting Persons do not have any contract, arrangement, understanding or relationship with any person with respect to the Shares. |
Item 7.
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Material to be Filed as Exhibits.
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Exhibit A
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Joint Filing Statement
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Exhibit B
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Schedule of Transactions in the Shares of the Issuer
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Dated: June 26, 2015
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Plymouth Lane Capital Management, LLC
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By: /s/ Jonathan Salinas
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Name: Jonathan Salinas
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Title: Managing Member
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Plymouth Lane General Partner, LLC
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By: /s/ Jonathan Salinas
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Name: Jonathan Salinas
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Title: Managing Member
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Plymouth Lane Partners (Master), LP
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By: Plymouth Lane General Partner, LLC
Its general partner
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By: /s/ Jonathan Salinas
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Name: Jonathan Salinas
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Title: Managing Member
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/s/ Jonathan Salinas
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Jonathan Salinas
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Dated: June 26, 2015
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Plymouth Lane Capital Management, LLC
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By: /s/ Jonathan Salinas
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Name: Jonathan Salinas
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Title: Managing Member
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Plymouth Lane General Partner, LLC
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By: /s/ Jonathan Salinas
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Name: Jonathan Salinas
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Title: Managing Member
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Plymouth Lane Partners (Master), LP
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By: Plymouth Lane General Partner, LLC
Its general partner
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By: /s/ Jonathan Salinas
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Name: Jonathan Salinas
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Title: Managing Member
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/s/ Jonathan Salinas
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Jonathan Salinas
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Date of Transaction
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Title of Class
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Number of
Shares Purchased |
Price
Per Share |
||||||
5/5/2015
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Class A common stock, $0.01 par value
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82,000
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$
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5.34
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|||||
5/6/2015
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Class A common stock, $0.01 par value
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43,000
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$
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5.50
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|||||
5/7/2015
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Class A common stock, $0.01 par value
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60,000
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$
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5.31
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|||||
5/8/2015
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Class A common stock, $0.01 par value
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40,527
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$
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5.39
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|||||
5/11/2015
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Class A common stock, $0.01 par value
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17,481
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$
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5.42
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|||||
5/12/2015
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Class A common stock, $0.01 par value
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15,000
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$
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5.43
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|||||
5/13/2015
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Class A common stock, $0.01 par value
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30,000
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$
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5.28
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|||||
5/13/2015
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Class A common stock, $0.01 par value
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30,000
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$
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5.30
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|||||
5/14/2015
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Class A common stock, $0.01 par value
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20,000
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$
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5.29
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|||||
5/15/2015
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Class A common stock, $0.01 par value
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20,000
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$
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5.13
|
|||||
5/18/2015
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Class A common stock, $0.01 par value
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30,000
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$
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5.20
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|||||
5/26/2015
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Class A common stock, $0.01 par value
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40,000
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$
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5.11
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|||||
5/26/2015
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Class A common stock, $0.01 par value
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30,000
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$
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5.10
|
|||||
5/27/2015
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Class A common stock, $0.01 par value
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40,000
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$
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5.05
|
|||||
5/27/2015
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Class A common stock, $0.01 par value
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10,000
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$
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5.04
|
|||||
5/28/2015
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Class A common stock, $0.01 par value
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30,000
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$
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5.07
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|||||
5/29/2015
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Class A common stock, $0.01 par value
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44,000
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$
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5.16
|
|||||
6/3/2015
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Class A common stock, $0.01 par value
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40,000
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$
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4.97
|
|||||
6/4/2015
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Class A common stock, $0.01 par value
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37,000
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$
|
4.90
|
|||||
6/8/2015
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Class A common stock, $0.01 par value
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5,000
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$
|
5.18
|
|||||
6/10/2015
|
Class A common stock, $0.01 par value
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5,000
|
$
|
5.09
|
|||||
6/12/2015
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Class A common stock, $0.01 par value
|
400
|
$
|
5.04
|
|||||
6/15/2015
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Class A common stock, $0.01 par value
|
1,805
|
$
|
5.12
|
|||||
6/16/2015
|
Class A common stock, $0.01 par value
|
15,000
|
$
|
5.21
|
|||||
6/17/2015
|
Class A common stock, $0.01 par value
|
7,000
|
$
|
5.09
|
|||||
6/18/2015
|
Class A common stock, $0.01 par value
|
40,000
|
$
|
6.19
|
|||||
6/19/2015
|
Class A common stock, $0.01 par value
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5,000
|
$
|
6.97
|
|||||
6/19/2015
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Class A common stock, $0.01 par value
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20,000
|
$
|
6.60
|
|||||
6/19/2015
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Class A common stock, $0.01 par value
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30,000
|
$
|
6.86
|
|||||
6/22/2015
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Class A common stock, $0.01 par value
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5,000
|
$
|
6.02
|
|||||
6/22/2015
|
Class A common stock, $0.01 par value
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75,000
|
$
|
6.00
|
|||||
6/22/2015
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Class A common stock, $0.01 par value
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250,000
|
$
|
6.12
|
|||||
6/25/2015
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Class A common stock, $0.01 par value
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67,500
|
$
|
6.45
|