Washington, D.C. 20549
(Amendment No. 6)
Item 1. Security and Issuer.
This Amendment No. 6 to the Schedule 13D ("Amendment No. 6") is being filed by the undersigned to amend the Schedule 13D filed by the Reporting Persons on September 8, 2009, as amended by Amendment No. 1 filed on October 19, 2009, Amendment No. 2 filed on February 12, 2010, Amendment No. 3 filed on March 3, 2010, Amendment No. 4 filed on April 2, 2010 and Amendment No. 5 filed on May 4, 2010 (as amended, the "Schedule 13D") with respect to the Common Stock, par value $0.01 per share (the "Shares") of Spectrum Brands, Inc. (the "Issuer"). The address of the Issuer is 601 Rayovac Drive, Madison, Wisconsin 53711.
Item 2. Identity and Background.
No material change.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows:
“As of the date hereof the Master Fund may be deemed to beneficially own 9,025,356 Shares.
As of the date hereof Harbinger LLC may be deemed to beneficially own 9,025,356 Shares.
As of the date hereof the Special Fund may be deemed to beneficially own 1,970,992 Shares.
As of the date hereof HCPSS may be deemed to beneficially own 1,970,992 Shares.
As of the date hereof the Breakaway Fund may be deemed to beneficially own 1,453,850 Shares.
As of the date hereof HCP II may be deemed to beneficially own 1,453,850 Shares.
As of the date hereof HCP II GP may be deemed to beneficially own 1,453,850 Shares.
As of the date hereof Harbinger Holdings may be deemed to beneficially own 10,996,348 Shares.
As of the date hereof Philip Falcone may be deemed to beneficially own 12,450,198 Shares.
No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business.”
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended by adding the following after the last paragraph thereof:
“In response to concerns of Spectrum stockholders regarding the liquidity of the shares of Parent Common Stock following the consummation of the Mergers, the Master Fund and the Special Fund (together, the “Purchasing Parties”) have determined that following the consummation of the Mergers they will enter into a Rule 10b5-1 Purchase Instruction (“the Instruction”), pursuant to which they will establish a trading plan instructing a broker-dealer to purchase 150,000 shares of Parent Common Stock per calendar week subject to a maximum price limitation of $31.50 per share and the limitations of Rule 10b-18 promulgated under the Securities Exchange Act of 1934, a s amended, and applicable law. It is the intention of the Purchasing Parties to purchase shares of Parent Common Stock until the Instruction is terminated, which is expected to occur upon the earlier of, among other events, the purchase of 1,200,000 shares of Parent Common Stock and eight weeks following the commencement of purchases under the Instruction.”
CUSIP No. 84762L204 | Page 11 of 14 Pages |
SCHEDULE 13D
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
“References to percentage ownerships of Shares in this Schedule 13D are based upon the 30,629,213 Shares stated to be outstanding as of May 17, 2010 by the Issuer in the Issuer's Quarterly Report on Form 10-Q for the quarter which ended April 4, 2010.
(a, b) As of the date hereof, the Master Fund may be deemed to be the beneficial owner of 9,025,356 Shares, constituting 29.47% of the Shares of the Issuer.
The Master Fund has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 9,025,356 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 9,025,356 Shares.
The Master Fund specifically disclaims beneficial ownership in the Shares reported herein except to the extent it actually exercises voting or dispositive power with respect to such Shares.
(a, b) As of the date hereof, Harbinger LLC may be deemed to be the beneficial owner of 9,025,356 Shares, constituting 29.47% of the Shares of the Issuer.
Harbinger LLC has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 9,025,356 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 9,025,356 Shares.
Harbinger LLC specifically disclaims beneficial ownership in the Shares reported herein except to the extent it actually exercises voting or dispositive power with respect to such Shares.
(a, b) As of the date hereof, the Special Fund may be deemed to be the beneficial owner of 1,970,992 Shares, constituting 6.44% of the Shares of the Issuer.
The Special Fund has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 1,970,992 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 1,970,992 Shares.
The Special Fund specifically disclaims beneficial ownership in the Shares reported herein except to the extent it actually exercises voting or dispositive power with respect to such Shares.
(a, b) As of the date hereof, HCPSS may be deemed to be the beneficial owner of 1,970,992 Shares, constituting 6.44% of the Shares of the Issuer.
HCPSS has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 1,970,992 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 1,970,992 Shares.
HCPSS specifically disclaims beneficial ownership in the Shares reported herein except to the extent it actually exercises voting or dispositive power with respect to such Shares.
(a, b) As of the date hereof, the Breakaway Fund may be deemed to be the beneficial owner of 1,453,850 Shares, constituting 4.75% of the Shares of the Issuer.
The Breakaway Fund has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 1,453,850 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 1,453,850 Shares.
The Breakaway Fund specifically disclaims beneficial ownership in the Shares reported herein except to the extent it actually exercises voting or dispositive power with respect to such Shares.
(a, b) As of the date hereof, HCP II may be deemed to be the beneficial owner of 1,453,850 Shares, constituting 4.75% of the Shares of the Issuer.
HCP II has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 1,453,850 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 1,453,850 Shares.
HCP II specifically disclaims beneficial ownership in the Shares reported herein except to the extent it actually exercises voting or dispositive power with respect to such Shares.
CUSIP No. 84762L204 | Page 12 of 14 Pages |
SCHEDULE 13D
(a, b) As of the date hereof, HCP II GP may be deemed to be the beneficial owner of 1,453,850 Shares, constituting 4.75% of the Shares of the Issuer.
HCP II GP has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 1,453,850 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 1,453,850 Shares.
HCP II GP specifically disclaims beneficial ownership in the Shares reported herein except to the extent it actually exercises voting or dispositive power with respect to such Shares.
(a, b) As of the date hereof, Harbinger Holdings may be deemed to be the beneficial owner of 10,996,348 Shares, constituting 35.90% of the Shares of the Issuer.
Harbinger Holdings has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 10,996,348 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 10,996,348 Shares.
Harbinger Holdings specifically disclaims beneficial ownership in the Shares reported herein except to the extent it actually exercises voting or dispositive power with respect to such Shares.
(a, b) As of the date hereof, Philip Falcone may be deemed to be the beneficial owner of 12,450,198 Shares, constituting 40.65% of the Shares of the Issuer.
Mr. Falcone has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 12,450,198 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 12,450,198 Shares.
Mr. Falcone specifically disclaims beneficial ownership in the Shares reported herein except to the extent he actually exercises voting or dispositive power with respect to such Shares.
(c) The trading dates, number of Shares purchased and price per share for all Shares purchased by the Reporting Persons since filing the last amendment to this Schedule 13D is set forth in Exhibit U.
(d) Not applicable.
(e) Not applicable.”
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
No material change.
Item 7. Material to be Filed as Exhibits.
| Exhibit U: | Transactions in the Shares |
| Exhibit V: | Joint Filing Agreement |
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.
Attention: Intentional misstatements or omissions of fact constitute federal violations (see 18 U.S.C. 1001).