0000899243-22-007379.txt : 20220223
0000899243-22-007379.hdr.sgml : 20220223
20220223160525
ACCESSION NUMBER: 0000899243-22-007379
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220218
FILED AS OF DATE: 20220223
DATE AS OF CHANGE: 20220223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KOCH INDUSTRIES INC
CENTRAL INDEX KEY: 0000923338
STATE OF INCORPORATION: KS
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36481
FILM NUMBER: 22663452
BUSINESS ADDRESS:
STREET 1: 4111 EAST 37TH STREET NORTH
CITY: WICHITA
STATE: KS
ZIP: 67220
BUSINESS PHONE: 3168285500
MAIL ADDRESS:
STREET 1: 4111 EAST 37TH STREET NORTH
CITY: WICHITA
STATE: KS
ZIP: 67220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SPRING CREEK CAPITAL LLC
CENTRAL INDEX KEY: 0001451531
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36481
FILM NUMBER: 22663453
BUSINESS ADDRESS:
STREET 1: 4111 EAST 37TH STREET NORTH
CITY: WICHITA
STATE: KS
ZIP: 67220
BUSINESS PHONE: 3168288310
MAIL ADDRESS:
STREET 1: 4111 EAST 37TH STREET NORTH
CITY: WICHITA
STATE: KS
ZIP: 67220
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ASPEN AEROGELS INC
CENTRAL INDEX KEY: 0001145986
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS [5030]
IRS NUMBER: 043559972
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 30 FORBES ROAD
STREET 2: BUILDING B
CITY: NORTHBOROUGH
STATE: MA
ZIP: 01532
BUSINESS PHONE: 5086911111
MAIL ADDRESS:
STREET 1: 30 FORBES ROAD
STREET 2: BUILDING B
CITY: NORTHBOROUGH
STATE: MA
ZIP: 01532
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-02-18
0
0001145986
ASPEN AEROGELS INC
ASPN
0001451531
SPRING CREEK CAPITAL LLC
4111 E. 37TH STREET NORTH
WICHITA
KS
67220
0
0
1
0
0000923338
KOCH INDUSTRIES INC
4111 E. 37TH STREET NORTH
WICHITA
KS
67220
0
0
1
0
Common Stock
3462124
D
Convertible Senior PIK Toggle Notes due 2027
34.9366
2022-02-18
4
P
0
100000000
100000000.00
A
2022-02-18
2027-02-18
Common Stock
2862325
100000000.00
I
See Footnote
Represents 3,462,124 shares of common stock ("Public Shares") of Aspen Aerogels, Inc. (the "Issuer") held by Spring Creek Capital, LLC ("Spring Creek").
Spring Creek is beneficially owned by SCC Holdings, LLC ("SCC"), SCC is beneficially owned by KIM, LLC ("KIM"), KIM is beneficially owned by Koch Investments Group, LLC ("KIG"), KIG is beneficially owned by Koch Investments Group Holdings, LLC ("KIGH"), and KIGH is beneficially owned by Koch Industries, Inc. ("Koch Industries"), in each case by means of ownership of all voting equity instruments. Koch Industries, SCC, KIM, KIG, and KIGH may be deemed to beneficially own the Public Shares held by Spring Creek by virtue of (i) Koch Industries' beneficial ownership of KIGH, (ii) KIGH's beneficial ownership of KIG, (iii) KIG's beneficial ownership of KIM, (iv) KIM's beneficial ownership of SCC and (v) SCC's beneficial ownership of Spring Creek.
On February 15, 2022, Wood River Capital, LLC ("Wood River") entered into a note purchase agreement with the Issuer relating to the issuance and sale of $100,000,000 in aggregate principal amount of the Issuer's Convertible Senior PIK Toggle Notes due 2027 (the "Notes"). The Notes were issued to Wood River on February 18, 2022 and are convertible into shares of the Issuer's common stock at Wood River's option at any time until the business day prior to the maturity date, based on an initial conversion rate of 28.623257 shares per $1,000 principal amount of the Notes, subject to customary anti-dilution and other adjustments.
Represents 2,862,325 shares of common stock ("Convertible Shares") of the Issuer issuable to Wood River upon conversion of the Notes.
Wood River is beneficially owned by SCC, SCC is beneficially owned by KIM, KIM is beneficially owned by KIG, KIG is beneficially owned by KIGH, and KIGH is beneficially owned by Koch Industries, in each case by means of ownership of all voting equity instruments. Koch Industries, SCC, KIM, KIG, and KIGH may be deemed to beneficially own the Convertible Shares beneficially owned by Wood River by virtue of (i) Koch Industries' beneficial ownership of KIGH, (ii) KIGH's beneficial ownership of KIG, (iii) KIG's beneficial ownership of KIM, (iv) KIM's beneficial ownership of SCC and (v) SCC's beneficial ownership of Wood River. Spring Creek is not a beneficial owner of the Convertible Shares.
Koch Industries may be deemed to beneficially own 6,324,449 shares of common stock of the Issuer consisting of (i) 3,462,124 Public Shares held by Spring Creek; and (ii) 2,862,325 Convertible Shares beneficially owned through Wood River's Notes holdings. These Issuer securities may be deemed to be beneficially owned by Koch Industries by virtue of its indirect beneficial ownership of each of Spring Creek and Wood River.
Spring Creek Capital, LLC /s/ Raffaele G. Fazio, Secretary
2022-02-23
Koch Industries, Inc. /s/ Raffaele G. Fazio, Assistant Secretary
2022-02-23