0000950142-20-000963.txt : 20200331 0000950142-20-000963.hdr.sgml : 20200331 20200331180249 ACCESSION NUMBER: 0000950142-20-000963 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200327 FILED AS OF DATE: 20200331 DATE AS OF CHANGE: 20200331 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wolverine Trading Partners, Inc. CENTRAL INDEX KEY: 0001642866 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05415 FILM NUMBER: 20763112 BUSINESS ADDRESS: STREET 1: 175 WEST JACKSON BLVD STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60604 BUSINESS PHONE: 312-884-3745 MAIL ADDRESS: STREET 1: 175 WEST JACKSON BLVD STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60604 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WOLVERINE ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001279891 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05415 FILM NUMBER: 20763113 BUSINESS ADDRESS: STREET 1: 175 W. JACKSON STREET 2: SUITE 340 CITY: CHICAGO STATE: IL ZIP: 60064 BUSINESS PHONE: 3128844400 MAIL ADDRESS: STREET 1: 175 WEST JACKSON STREET 2: SUITE 340 CITY: CHICAGO STATE: IL ZIP: 60604 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wolverine Holdings, L.P. CENTRAL INDEX KEY: 0001542456 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05415 FILM NUMBER: 20763114 BUSINESS ADDRESS: STREET 1: 175 W. JACKSON BLVD. STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60604 BUSINESS PHONE: 312-884-4000 MAIL ADDRESS: STREET 1: 175 W. JACKSON BLVD. STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60604 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: A. M. Castle & Co. CENTRAL INDEX KEY: 0000018172 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051] IRS NUMBER: 360879160 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1420 KENSINGTON ROAD STREET 2: SUITE 220 CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 8474557111 MAIL ADDRESS: STREET 1: 1420 KENSINGTON ROAD STREET 2: SUITE 220 CITY: OAK BROOK STATE: IL ZIP: 60523 FORMER COMPANY: FORMER CONFORMED NAME: CASTLE A M & CO DATE OF NAME CHANGE: 19920703 4 1 es2000561_4-wolverine.xml OWNERSHIP DOCUMENT X0306 4 2020-03-27 0 0000018172 A. M. Castle & Co. CTAM 0001279891 WOLVERINE ASSET MANAGEMENT LLC 175 W. JACKSON BLVD., SUITE 340 CHICAGO IL 60604 0 0 1 0 0001542456 Wolverine Holdings, L.P. 175 W. JACKSON BLVD., SUITE 340 CHICAGO IL 60604 0 0 1 0 0001642866 Wolverine Trading Partners, Inc. 175 W. JACKSON BLVD., SUITE 340 CHICAGO IL 60604 0 0 1 0 Common Stock, par value $0.01 per share ("Common Stock") 2020-03-27 4 J 0 3681985 A 3752890 I See footnote 5.0% / 7.0% Convertible Sr Secured PIK Toggle Notes due 2022 2020-03-27 4 J 0 9967379 D Common Stock, par value $0.01 per share 0 I See footnote 3.0% / 5.0% Convertible Sr Secured PIK Toggle Notes due 2024 2020-03-27 4 J 0 4985509.00 A Common Stock, par value $0.01 per share 10938022 4985509.00 I See footnote On March 27, 2020, the Issuer completed an exchange transaction (the "Exchange"), whereby it issued new 3.00%/5.00% Convertible Senior PIK Toggle Notes due 2024 (the "New Notes") and shares of its Common Stock in exchange for its existing 5.00%/7.00% Convertible Senior PIK Toggle Notes due 2022 (the "Old Notes"). In connection with the Exchange, the Reporting Persons received an aggregate of 3,681,985 shares of Common Stock and $4,985,509.00 in aggregate principal amount of New Notes in exchange for $9,967,379 in aggregate principal amount of Old Notes beneficially owned by the Reporting Persons, plus accrued and unpaid interest thereon. The New Notes are convertible at the election of the holder at any time prior to the close of business on the trading day immediately preceding August 31, 2024, the maturity date of the New Notes. The New Notes are convertible into shares of Common Stock at an initial conversion rate of 2.1939631 shares of Common Stock per $1.00 principal amount of New Notes (subject to adjustment in certain circumstances). Upon conversion of the New Notes, the settlement of the conversion right may, at the option of the Issuer, be in the form of shares of Common Stock, cash or a combination of cash and shares of Common Stock. This statement is filed by: (i) Wolverine Asset Management, LLC, an Illinois limited liability company ("WAM"), as the investment manager of Wolverine Flagship Fund Trading Limited ("Flagship"); (ii) Wolverine Holdings, L.P., an Illinois limited partnership ("WH"), as the sole member and manager of WAM; (iii) Wolverine Trading Partners, Inc., an Illinois corporation ("WTP"), as the sole general partner of WH; (iv) Christopher L. Gust, as a control shareholder of WTP; and (v) Robert R. Bellick, as a control shareholder of WTP. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of such Reporting Person's pecuniary interest therein. WOLVERINE ASSET MANAGEMENT, LLC, By: /s/ Keri L. Kelly, Title: Chief Compliance Officer 2020-03-31 WOLVERINE HOLDINGS, L.P., By: /s/ Christopher L. Gust, Title: Managing Director 2020-03-31 WOLVERINE TRADING PARTNERS, INC., By: /s/ Christopher L. Gust, Title: Authorized signatory 2020-03-31