Amendment No. 4 to the Schedule 13D
The following constitutes Amendment No. 4 to the Schedule 13D filed with the Securities and Exchange Commission by William F. Thomas, Robert D. Thomas and Gemini Properties (collectively, the “Reporting Persons”) on December 2, 2015, as amended by Amendment No. 1 filed on December 15, 2015, Amendment No. 2 filed on March 1, 2016 and Amendment No. 3 filed on July 25, 2016. This Amendment No. 4 amends and supplements the Schedule 13D as specifically set forth herein.
Item 4. | Purpose of Transaction. |
Item 4 of the Schedule 13D is hereby supplemented as follows:
The Reporting Persons have closely monitored the recent events at the Issuer relating to the $3.00 per share tender offer launched by ABP Acquisition LLC, a wholly owned subsidiary of ABP Trust, an entity owned by Barry M. Portnoy and Adam D. Portnoy (the “Portnoy Tender Offer”), for up to 10,000,000 shares of the Issuer’s Common Stock. The Reporting Persons were encouraged by the precedent set by the Issuer’s independent Board members and the Board of Trustees of Senior Housing Properties Trust (“SNH”) in waiving certain ownership restrictions and granting certain approvals to clear the way for the Portnoy Tender Offer.
On October 13, 2016, the Reporting Persons announced their intention to commence, through an affiliated entity, a tender offer to purchase up to 10,000,000 shares of the Issuer’s Common Stock for $3.45 per share. The Reporting Persons are requesting similar waivers and approvals from the Issuer’s independent Board members and the Board of Trustees of SNH as those granted in connection with the Portnoy Tender Offer, and expect these parties to work in good faith with the Reporting Persons to take whatever steps may be necessary to ensure a level playing field for their competing tender offer to proceed.
On October 14, 2016, the Reporting Persons, through their legal advisor, delivered a written request to the Secretary of the Issuer to provide certain nomination documents that are purported to be required under Section 2.14.1(d) of the Issuer’s Bylaws for the nomination of director candidates at the Issuer’s 2017 annual meeting of shareholders, including a form of questionnaire and representation and agreement.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
| GEMINI PROPERTIES |
| |
| By: | |
| | Name: | William F. Thomas |
| | Title: | Partner |
| By: | |
| | Name: | Robert D. Thomas |
| | Title: | Partner |