0001383838-18-000010.txt : 20180606
0001383838-18-000010.hdr.sgml : 20180606
20180606125911
ACCESSION NUMBER: 0001383838-18-000010
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 3
FILED AS OF DATE: 20180606
DATE AS OF CHANGE: 20180606
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: AEGEAN MARINE PETROLEUM NETWORK INC.
CENTRAL INDEX KEY: 0001344376
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172]
IRS NUMBER: 000000000
STATE OF INCORPORATION: 1T
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-82591
FILM NUMBER: 18883437
BUSINESS ADDRESS:
STREET 1: 10, AKTI KONDILI
STREET 2: PIRAEUS
CITY: ATHENS
STATE: J3
ZIP: 185 45
BUSINESS PHONE: 011 30 210 4586 000
MAIL ADDRESS:
STREET 1: 10, AKTI KONDILI
STREET 2: PIRAEUS
CITY: ATHENS
STATE: J3
ZIP: 185 45
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SHAH CAPITAL MANAGEMENT
CENTRAL INDEX KEY: 0001383838
IRS NUMBER: 201804775
STATE OF INCORPORATION: NC
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: 8601 SIX FORKS ROAD
STREET 2: SUITE 630
CITY: RALEIGH
STATE: NC
ZIP: 27615
BUSINESS PHONE: 919 719 6360
MAIL ADDRESS:
STREET 1: 8601 SIX FORKS ROAD
STREET 2: SUITE 630
CITY: RALEIGH
STATE: NC
ZIP: 27615
SC 13D
1
schedule13d.txt
13D FILING
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
SCHEDULE 13D
AEGEAN MARINE PETROLEUM NETWORK INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
Y0017S102
(CUSIP Number)
Shah Capital Management
8601 Six Forks Road, Suite 630
Raleigh, NC 27615
Tel. No.: (919) 719-6360
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 5, 2018
(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.
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).
(1) Names of reporting persons:
Shah Capital Management
(2) Check the appropriate box if a member of a group:
(a)
(b)
(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) of Schedule 13D
N/A
(6) Citizenship or place of organization
NORTH CAROLINA
Number of shares beneficially owned by each reporting person with:
(7) Sole voting power
0
(8) Shared voting power
5,548,607 (including options to purchase 44,300 shares)
(9) Sole dispositive power
0
(10) Shared dispositive power
5,548,607
(11) Aggregate amount beneficially owned by each reporting person
5,548,607
(12) Check if the aggregate amount in Row (11) excludes certain shares
(see instructions)
N/A
(13) Percent of class represented by amount in Row (11)
14.15%
(14) Type of reporting person (see instructions)
IA
(1) Names of reporting persons:
Shah Capital Opportunity Fund LP
(2) Check the appropriate box if a member of a group:
(a)
(b)
(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) of Schedule 13D
N/A
(6) Citizenship or place of organization
DELAWARE
Number of shares beneficially owned by each reporting person with:
(7) Sole voting power
0
(8) Shared voting power
5,000,000
(9) Sole dispositive power
0
(10) Shared dispositive power
5,000,000
(11) Aggregate amount beneficially owned by each reporting person
5,000,000
(12) Check if the aggregate amount in Row (11) excludes certain shares
(see instructions)
N/A
(13) Percent of class represented by amount in Row (11)
12.76%
(14) Type of reporting person (see instructions)
PN
(1) Names of reporting persons:
Himanshu H. Shah
(2) Check the appropriate box if a member of a group:
(a)
(b)
(3) SEC use only
(4) Source of funds (see instructions)
PF
(5) Check if disclosure of legal proceedings is required pursuant
to Items 2(d) or 2(e) of Schedule 13D
N/A
(6) Citizenship or place of organization
UNITED STATES
Number of shares beneficially owned by each reporting person with:
(7) Sole voting power
35,594
(8) Shared voting power
5,548,607
(9) Sole dispositive power
35,594
(10) Shared dispositive power
5,548,607
(11) Aggregate amount beneficially owned by each reporting person
5,584,201
(12) Check if the aggregate amount in Row (11) excludes certain shares
(see instructions)
N/A
(13) Percent of class represented by amount in Row (11)
14.24%
(14) Type of reporting person (see instructions)
IN
SCHEDULE 13D
Item 1. Security and Issuer
Common Stock of AEGEAN MARINE PETROLEUM NETWORK INC.
AEGEAN MARINE PETROLEUM NETWORK INC. (ANW)
10, Akti Kondili
Piraeus 185 38 Athens, Greece
Item 2. Identity and Background
(a). Name: SHAH CAPITAL MANAGEMENT.
(b). Business Address: 8601 Six Forks Road, Suite 630, Raleigh, NC 27615
(c). Principal business: The principal business of each of Shah Capital
and Shah Opportunity is investing in securities.
The principal occupation of Mr. Shah is serving as the President
and Chief Investment Officer of Shah Capital.
(d). During the last five years, the reporting person has not been convicted
in a criminal proceeding.
(e). During the last five years, the reporting person has not been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction.
(f). Citizenship
Mr. Shah is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration
Except for the 35,594 shares of Common stock owned directly
by Mr. Shah, the reporting person uses assets under management.
Item 4. Purpose of the Transaction
The Reporting Person acquired the Shares because it believes the Shares
represent an attractive investment opportunity. The reporting person
intends to review its investment in the Issuer on a continuing basis
and in connection therewith, has and will engage to discuss
with the Board of Directors, members of management, and/or other
shareholders which may include proposing or considering one or more
of the actions described in subsections (a) through (j) of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a) Aggregate number of shares owned:
(b) Percentage of class of securities owned:
(c) Number of Shares to which reporting person has:
(i) Sole Voting Power
(ii) Shared Voting Power
(iii) Sole Dispositive Power
(iv) Shared Dispositive Power
SCM Shah Capital Opportunity Himanshu
Fund LP
(a) 5,548,607 5,000,000 5,584,201
(b) 14.15% 12.76% 14.24%
(i) N/A N/A 35,594
(ii) 5,548,607 5,000,000 5,584,201
(iii) N/A N/A 35,594
(iv) 5,548,607 5,000,000 5,584,201
(c) See the trading data set forth in Exhibit 99.1 hereto, which is
hereby incorporated by reference into this Item 5(c) as if restated
here in full
(d) No other person is known to the Reporting Persons to have the right
to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares of Common Stock covered by this
Statement
(e) Not Applicable
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
Other than as described in this Statement, to the knowledge of the
Reporting Persons, there are no contracts, arrangements, understandings
or relationships (legal or otherwise) among the Reporting Persons or
between the Reporting Persons and any other persons with respect to
any securities of the Issuer, including but not limited to transfer or
voting of any of the securities, finders fees, joint ventures, loan or
option arrangements, puts or calls, guarantees of profits, division
of profits or loss, or the giving or withholding of proxies
Item 7. Material to be Filed as Exhibits
Exhibit 1 Joint Filing Agreement dated June 6, 2018 by and among
Shah Capital Management, Inc, Shah Capital Opportunity Fund LP
and Himanshu H. Shah
Exhibit 99.1 Trading data of the transactions in the Common Stock
that were effected since past 60 days
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: June 6, 2018
Signature: Himanshu H. Shah/Sd.
Name/Title: Himanshu H. Shah, President and CIO
EX-1
2
jointfiling060618.txt
JOINT FILING AGREEMENT
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, the undersigned agree to the joint filing on behalf of each of
them of a Statement on Schedule 13D (including any and all amendments thereto)
with respect to the Common Stock, par value U.S. $0.01 per share,
of Aegean Marine Petroleum Network Inc, and further agree that this Joint
Filing Agreement shall be included as an Exhibit to such joint filings.
The undersigned further agree that each party hereto is responsible
for the timely filing of such Statement on Schedule 13D and any
amendments thereto, and for the accuracy and completeness of the
information concerning such party contained therein; provided,
however, that no party is responsible for the accuracy or completeness
of the information concerning any other party, unless such party knows
or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be signed in counterparts with the same
effect as if the signature on each counterpart were upon the same
instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement
as of June 6, 2018.
SHAH CAPITAL OPPORTUNITY FUND, L.P.
By: /s/ Himanshu H. Shah____________
Name: Himanshu H. Shah
Title: Managing Member
SHAH CAPITAL MANAGEMENT, INC.
By: /s/ Himanshu H. Shah_________________
Name: Himanshu H. Shah
Title: President & Chief Investment Officer
/s/ Himanshu H. Shah_____________________
Himanshu H. Shah
EX-99
3
transactions60day060618.txt
60-DAY TRANSACTIONS
Exhibit 99.1
Name Buy/Sell Security Trade Date Quantity Trade Amount
Shah Capital Opportunity Fund LP Buy Common Stock 6/5/2018 1500000 $0.92
Shah Capital Opportunity Fund LP Buy Common Stock 6/5/2018 930000 $0.80
Shah Capital Opportunity Fund LP Buy Common Stock 6/5/2018 200000 $0.80
Shah Capital Opportunity Fund LP Buy Common Stock 6/5/2018 700500 $0.83
Shah Capital Management Inc Buy Common Stock 6/5/2018 265000 $0.90
Shah Capital Management Inc Buy Common Stock 5/30/2018 4400 $3.08
Shah Capital Opportunity Fund LP Buy Common Stock 5/17/2018 19500 $2.89
Shah Capital Management Inc Buy Common Stock 5/15/2018 88500 $2.94
Shah Capital Opportunity Fund LP Buy Common Stock 5/14/2018 80000 $2.90
Shah Capital Opportunity Fund LP Buy Common Stock 5/11/2018 70000 $2.94
Shah Capital Opportunity Fund LP Buy Common Stock 5/10/2018 226123 $2.99
Shah Capital Opportunity Fund LP Buy Common Stock 5/2/2018 3877 $2.91