-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KorakmW2ZQldj5PeqjA3g26qUCoy+oBB+olb5T4VXwFU7iadEZsSiLImrLyzky3i VPhpWpSvYx+CgFFMCdQBtQ== 0001133796-10-000342.txt : 20101124 0001133796-10-000342.hdr.sgml : 20101124 20101124160839 ACCESSION NUMBER: 0001133796-10-000342 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101123 FILED AS OF DATE: 20101124 DATE AS OF CHANGE: 20101124 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MATLIN DAVID J CENTRAL INDEX KEY: 0001251956 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10959 FILM NUMBER: 101215199 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: STANDARD PACIFIC CORP /DE/ CENTRAL INDEX KEY: 0000878560 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 330475989 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 26 TECHNOLOGY DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 9497891600 MAIL ADDRESS: STREET 1: 26 TECHNOLOGY DRIVE CITY: IRVINE STATE: CA ZIP: 92618 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MATLINPATTERSON GLOBAL ADVISERS LLC CENTRAL INDEX KEY: 0001251962 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10959 FILM NUMBER: 101215198 BUSINESS ADDRESS: STREET 1: 520 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126519500 MAIL ADDRESS: STREET 1: 520 MADISON AVENUE, 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 4 1 k203888_ex.xml X0303 4 2010-11-23 0 0000878560 STANDARD PACIFIC CORP /DE/ SPF 0001251956 MATLIN DAVID J C/O MATLINPATTERSON GLOBAL ADVISERS LLC 520 MADISON AVENUE NEW YORK NY 10022 1 0 0 0 0001251962 MATLINPATTERSON GLOBAL ADVISERS LLC 520 MADISON AVENUE NEW YORK NY 10022 0 0 1 0 Warrant (right to buy) 1344.26 2010-11-23 4 H 0 1 D 2008-06-27 2015-06-27 Junior Convertible Preferred Stock 272670 0 I See footnote Warrant (right to buy) 2010-11-23 4 P 0 1 A 2010-11-23 Common Stock 89400000 1 I See footnote The two transactions reported in Table II above arise from the amendment of an outstanding Warrant that granted MP CA Homes LLC the right to purchase 272,670 shares of Junior Convertible Preferred Stock (the "Warrant") for an exercise price of $1344.26 per share of Junior Convertible Preferred Stock. The 272,670 shares of Junior Convertible Preferred Stock that were represented by the Warrant were convertible into 89,400,000 shares of Common Stock. The exercise price of $1344.26 per share of Junior Convertible Preferred Stock represented $4.10 multiplied by the number of shares of Common Stock issuable upon conversion of each share of Junior Convertible Preferred Stock. As amended, the Warrant grants MP CA Homes LLC the right to purchase, directly, 89,400,000 shares of Common Stock for an exercise price of $2.09732 per share of Common Stock. MP CA Homes LLC is the direct owner of the Warrant. MatlinPatterson Global Opportunities Partners III L.P. and MatlinPatterson Global Opportunities Partners (Cayman) III L.P. (together, "the Funds"), hold 100 percent of the membership interests in MP CA Homes LLC. MatlinPatterson Global Partners III LLC (the "General Partner") is the general partner of the Funds. MatlinPatterson Global Advisers LLC (the "Adviser") is the investment adviser to the Funds. MatlinPatterson Asset Management LLC holds 100 percent of the voting interest and equity of the Adviser and the General Partner. MatlinPatterson LLC holds 100 percent of the equity of MatlinPatterson Asset Management LLC. Other than MP CA Homes LLC, each of the foregoing reporting persons disclaims beneficial ownership of the shares held by MP CA Homes LLC, except to the extent that such reporting person holds an indirect pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. David J. Matlin is an employee of the Adviser and a holder of 50 percent of the membership interests in MatlinPatterson LLC. David J. Matlin may be deemed to have shared voting and investment control (together with Mark R. Patterson) over the shares of the Issuer represented by the Warrant held by MP CA Homes LLC. He also has an indirect pecuniary interest in the Funds. His exact pecuniary interest therein is not readily determinable because it is subject to several variables, including without limitation, the internal rates of return of the Funds overall with respect to their indirect investment in the Issuer. David J. Matlin disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. The exercise price of the Warrant, as amended, is $2.09732 per share of Common Stock. The Warrant will expire one business day immediately following the earlier of (i) the consummation of the Issuer's cash tender offers for any and all of the Issuer's 9 1/4% senior subordinated notes due April 15, 2012, 6 1/4% senior notes due April 1, 2014 and 7 % senior notes due August 15, 2015 and (ii) the six month anniversary of the date of the amendment of the Warrant, entered into on November 23, 2010. DAVID J. MATLIN By: /s/ Robert H. Weiss, Attorney-in-Fact 2010-11-23 MATLINPATTERSON GLOBAL ADVISERS LLC By: /s/ Robert H. Weiss 2010-11-23 -----END PRIVACY-ENHANCED MESSAGE-----