CUSIP No. 89656D101
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13D
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Page 2 of 4 Pages
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1
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NAMES OF REPORTING PERSONS
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Third Avenue Management LLC (01-690900)
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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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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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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 ITEM 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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6,019,745
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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6,019,745
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10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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6,019,745
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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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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18.86%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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Item 3.
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Source and Amount of Funds or Other Consideration.
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Item 5.
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Interest in Securities of the Issuer.
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(x)
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Amount beneficially owned: 5,096,285 shares of Common Stock
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(y)
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Percent of class: 16.0%
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(z)
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Number of Common Shares as to which TAM has:
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(i)
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Sole power to vote or direct the vote: 5,096,285
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(ii)
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Shared power to vote or direct the vote: 0
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(iii)
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Sole power to dispose or direct the disposition: 5,096,285
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(iv)
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Shared power to dispose or direct the disposition: 0
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(x)
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Amount beneficially owned: 923,460 shares of Common Stock
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(y)
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Percent of class: 2.9%
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(z)
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Number of Common Shares as to which TAM has:
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(i)
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Sole power to vote or direct the vote: 923,460
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(ii)
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Shared power to vote or direct the vote: 0
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(iii)
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Sole power to dispose or direct the disposition: 923,460
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(iv)
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Shared power to dispose or direct the disposition: 0
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1 |
Based upon 31,911,804 shares of Common Stock reported by the Issuer in its Quarterly Report on Form 10-Q to be outstanding as of November 8, 2019.
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Fund
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Date of
Purchase/Sale
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Buy/Sell
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Number of
Shares
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Execution
Price
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/06/20
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Buy
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193
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2.9952
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/08/20
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Buy
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3,173
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3.0719
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/10/20
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Buy
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7,186
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3.0835
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/13/20
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Buy
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4,400
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3.1084
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/14/20
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Buy
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1,151
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3.1225
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/21/20
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Buy
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2,000
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3.2733
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/22/20
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Buy
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2,396
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3.2746
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/23/20
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Buy
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5,372
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3.3486
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/24/20
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Buy
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301
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3.3750
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/27/20
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Buy
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600
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3.3300
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/28/20
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Buy
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592
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3.2830
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/30/20
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Buy
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2,500
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3.2828
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/30/20
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Buy
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938
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3.2899
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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01/31/20
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Buy
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100
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3.3000
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/03/20
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Buy
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5,026
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3.2902
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/07/20
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Buy
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2,161
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3.3427
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/10/20
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Buy
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3,594
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3.3395
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/11/20
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Buy
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5,573
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3.4242
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/12/20
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Buy
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1,900
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3.5797
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/14/20
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Buy
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32
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3.5300
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/18/20
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Buy
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800
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3.5689
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/19/20
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Buy
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410
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3.5488
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/20/20
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Buy
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600
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3.5567
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/21/20
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Buy
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7,400
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3.5730
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/21/20
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Buy
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531
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3.5683
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/25/20
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Buy
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63,602
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3.4591
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/26/20
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Buy
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11,008
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3.4086
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/27/20
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Buy
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1,000
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3.3700
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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02/28/20
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Buy
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8,257
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3.2631
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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03/02/20
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Buy
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699
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3.2508
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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03/03/20
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Buy
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25,420
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3.0351
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GemCap Investment Funds plc, on behalf of Third Avenue Real Estate Value Fund
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03/05/20
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Buy
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5,018
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2.9830
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Dated: March 10, 2020
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THIRD AVENUE MANAGEMENT LLC
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By: /s/ Mark J. Aaron
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Name: Mark J. Aaron
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Title: Chief Operating Officer
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