(Amendment No. 3)*
St. James’s Street
(Name, address and telephone number of person authorized to receive notices and communications)
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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [X]
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).
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1.
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NAMES OF REPORTING PERSONS
Pelham Capital Ltd
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS*
OO
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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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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
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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:
3,433,512
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8.
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SHARED VOTING POWER:
0
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9.
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SOLE DISPOSITIVE POWER:
3,433,512
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10.
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SHARED DISPOSITIVE POWER:
0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
3,433,512
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0% (1)
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14.
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TYPE OF REPORTING PERSON*
CO
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(1)
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Based on 86,694,544 shares of common stock outstanding as of November 3, 2017, as reported in the Issuer’s Form 10-Q filed with the SEC on November 8, 2017.
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1.
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NAMES OF REPORTING PERSONS
Ross Turner
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS*
OO
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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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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
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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:
3,433,512
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8.
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SHARED VOTING POWER:
0
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9.
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SOLE DISPOSITIVE POWER:
3,433,512
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10.
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SHARED DISPOSITIVE POWER:
0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
3,433,512
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0% (1)
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14.
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TYPE OF REPORTING PERSON*
IN
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(1)
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Based on 86,694,544 shares of common stock outstanding as of November 3, 2017, as reported in the Issuer’s Form 10-Q filed with the SEC on November 8, 2017.
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Amendment No. 3 to Schedule 13D
This Amendment No. 3 amends and supplements the Schedule 13D (the “
Schedule 13D
”) filed on behalf of Pelham Capital Ltd and Ross Turner (collectively, the “
Reporting Persons
”) with the Securities and Exchange Commission (the “
SEC
”) on October 6, 2015, as amended by Amendment No. 1 filed on January 27, 2016, and Amendment No. 2 filed on November 28, 2017.
Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D, as amended.
ITEM 3.
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Source and Amount of Funds or Other Consideration.
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Item 3 of this Schedule 13D is hereby amended and restated in its entirety as follows:
The aggregate purchase price (excluding commissions) of the 3,433,512 shares of Common Stock directly held by Pelham Long/Short Master Fund Ltd (“
Pelham Master
”) reported herein was approximately $86,127,167.70. Such shares of Common Stock were purchased with the working capital of Pelham Master in open market transactions through brokers.
ITEM 4.
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Purpose of Transaction.
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Item 4 of this Schedule 13D is supplemented and superseded, as the case may be, as follows:
This Amendment No. 3 is being filed to report the disposition of shares of Common Stock that resulted in a disposition of beneficial ownership of Common Stock in an amount equal to one percent or more of the Issuer’s outstanding Common Stock.
The Reporting Persons may make, or cause, further dispositions of shares of Common Stock from time to time and may dispose of, or cause to be disposed, any or all of the Common Stock beneficially owned by them at any time, in each case depending on market conditions and other factors. In addition, the Reporting Persons may acquire, or cause to be acquired, additional beneficial ownership of shares of Common Stock at any time depending on market conditions and other factors.
ITEM 5.
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Interest in Securities of the Issuer.
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Item 5 of this Schedule 13D is hereby amended and restated in its entirety as follows:
(a) and (b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference. Such information is based on 86,694,544 shares of Common Stock outstanding as of November 3, 2017, as reported in the Issuer’s Form 10-Q filed with the SEC on November 8, 2017.
(c) All transactions with respect to shares of Common Stock of which the Reporting Persons may be deemed to have beneficial ownership effected in the past 60 days are set forth in
Exhibit 99.1
and such information is incorporated by reference herein.
(d) The disclosure regarding the relationship between the Reporting Persons in Item 2(c) of the Schedule 13D is incorporated by reference herein. Certain feeder funds that invest in Pelham Master may have the right to receive dividends from, and proceeds from, the sale of the Common Stock directly held by Pelham Master.
(e) On November 28, 2017, the Reporting Persons ceased to beneficially own greater than 5% of the Issuer’s outstanding Common Stock.
Item 7.
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Material to Be Filed as Exhibits.
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Exhibit
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Description
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99.1
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Transactions in Common Stock effected in the past 60 days.
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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.
January 31, 2018
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PELHAM CAPITAL LTD
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By:
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/s/ Hamant Lad
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Name:
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Hamant Lad
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Title:
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Chief Operating Officer
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/s/ Ross Turner
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ROSS TURNER
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Exhibit 99.1
TRANSACTIONS
The following table sets forth all transactions with respect to shares of Common Stock of the Issuer of which the Reporting Persons may be deemed to have beneficial ownership effected in the past 60 days, inclusive of any transactions effected through 4:00 p.m., New York City time, on January 30, 2018. All such transactions were sales of Common Stock effected in the open market, and the table excludes commissions paid in per share prices.
Fund
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Trade Date
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Buy/(Sell)
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Shares
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Per Share Cost
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Security
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Pelham Long/Short Master Fund Ltd
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12/21/2018
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Sell
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(55,838
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)
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$
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71.9095
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Common Stock
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Pelham Long/Short Master Fund Ltd
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12/22/2018
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Sell
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(50,800
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)
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$
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71.5974
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Common Stock
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Pelham Long/Short Master Fund Ltd
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12/28/2018
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Sell
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(11,857
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)
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$
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72.5644
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Common Stock
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Pelham Long/Short Master Fund Ltd
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1/3/2018
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Sell
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(10,000
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)
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$
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71.2627
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Common Stock
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Pelham Long/Short Master Fund Ltd
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1/4/2018
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Sell
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(75,000
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)
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$
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71.621
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Common Stock
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Pelham Long/Short Master Fund Ltd
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1/5/2018
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Sell
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(40,000
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)
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$
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71.7867
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Common Stock
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Pelham Long/Short Master Fund Ltd
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1/5/2018
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Sell
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(25,000
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)
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$
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72.7829
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Common Stock
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Pelham Long/Short Master Fund Ltd
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1/29/2018
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Sell
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(242,478
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)
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$
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76.3374
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Common Stock
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