This Amendment No. 7 on Schedule 13D (this “Amendment”) amends the Schedule 13D dated July 31, 2018, filed on behalf of the Reporting Persons as set forth therein with respect to beneficial ownership of shares of Genesis Healthcare, Inc. (formerly known as Skilled Healthcare Group, Inc.), as amended to date (the “Schedule 13D”). The purpose of the Amendment is to reflect certain changes in the holdings of the Reporting Persons and to disclose that this Amendment constitutes an exit filing for certain of the Reporting Persons (as described immediately below).
As a result of the termination of the Voting Agreement referred to in Item 6 of the Schedule 13D, on October 31, 2018 the Reporting Persons listed below in this paragraph may no longer be deemed by rule of the Securities and Exchange Commission to have shared voting power by virtue of the Voting Agreement with respect to the shares of the Issuer’s Class A Common Stock held by it and the other parties to the Voting Agreement or be deemed to be the beneficial owner of 5% or more of the issued and outstanding shares of the Issuer’s Class A Common Stock. Therefore this Amendment No. 7 constitutes an exit filing for the following Reporting Persons: HCCF, Inc., FC Profit, Mr. Hager, Hartman Trust, Midway Gen, Robert Hartman, Biret, Grandview, Max Moxi, GRFC Gazelle, Gazelle Riverside, Gazelle Light, Gazelle Herne Hill, L Gen, Gazelle Sing, Gazelle Costa Brazil, Dreyk, GHC Class B, Sing and Larts.
Notwithstanding the foregoing, certain Reporting Persons may continue to be deemed by rule of the Securities and Exchange Commission to be the beneficial owner of 5% or more of the issued and outstanding shares of the Issuer’s Class A Common Stock. Such Reporting Persons will be required to individually file one or more separate statements on Schedule 13G or Schedule 13D, as applicable, reporting their respective beneficial ownership of shares of the Issuer’s Class A Common Stock. Therefore this Amendment constitutes the final amendment of this Schedule 13D of the Reporting Persons.
Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D. All capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed thereto in the Schedule 13D.
Item 2. | Identity and Background |
(a)
Item 2(a) is hereby amended and supplemented to include each of the following as additional Instruction C Persons in this statement: William Fish (“Mr. Fish”) as co-trustee of both The David Reis Subchapter S Trust (the “Reis Subchapter S Trust”) and The David Reis Family Trust No. 4 (the “Reis Family Trust”).
The second paragraph of Item 2(a) is hereby amended and restated in its entirety as follows:
As a result of the termination of the Voting Agreement described in Item 6, the Reporting Persons may no longer be deemed to constitute a “group” within meaning of Rule 13d-5(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
The third sentence of the fourth paragraph of Item 2(a) is hereby amended as follows:
Mr. Whitman is an executive officer of HCCF, Inc., the managing member of HCCF XI and an executive officer of Formation, which ultimately controls FC Profit, and Mr. Whitman is the trustee of the Whitman Trust (as defined below); Mr. Fishman is the managing member of ZAC Properties; Mr. Reis is the managing member of Senior Care Development, the manager of Senior Care, and is a trustee of each of the Reis Subchapter S Trust and the Reis Family Trust; Robert Hartman is the manager of Midway Gen; and Mr. Neuberger is the manager of Biret, Grandview, Max Moxi, GRFC Gazelle, Gazelle Riverside, Gazelle Light, Gazelle Herne Hill, L Gen, Gazelle Sing, Gazelle Costa Brazil, Dreyk, GHC Class B, Sing and Larts.
(b)
Item 2(b) of the Schedule 13D is hereby amended and supplemented to include the following business address of Mr. Fish as an additional Instruction C Person:
Mr. Fish | Hinkley Allen 20 Church Street Hartford, Ct 06103 |
(c)
Item 2(c) of the Schedule 13D is hereby amended and restated as follows:
The Reporting Persons and the Instruction C Persons are primarily involved in investment activities, and the address of each Reporting Person and Instruction C Person is set forth in (b) above. Further, Mr. Fish is a partner at the Hinkley Allen law firm, 20 Church Street, Hartford, CT 06103. In addition, Messrs. Hartman, Reis and Whitman are directors of the Issuer. Mr. Hager is the Chief Executive Officer and a director of the Issuer.
Items 2(d) and 2(e) of the Schedule 13D is hereby amended and supplemented as follows:
During the last five years, Mr. Fish, an additional Instruction C Person identified in Item 2(a) above of this Amendment, (i) has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of or mandating activities subject to, federal and state securities laws or finding any violation with respect to such laws.
(f)
Item 2(f) of the Schedule 13D is hereby amended and supplemented as follows:
Mr. Fish, an Instruction C Person identified in Item 2(a) above of this Amendment is a citizen of the United States.
Item 4. | Purpose of Transaction |
The third paragraph of Item 4 of the Schedule 13D is hereby amended and restated as follows:
Although no Reporting Person currently has any specific plan or proposal to acquire or dispose of shares of Class A Common Stock or any securities exchangeable for or convertible into Class A Common Stock, each Reporting Person, consistent with its investment purpose, at any time and from time to time may, subject to the terms and conditions of the Voting Agreement described in Item 6, directly or indirectly acquire additional shares of Class A Common Stock or associated rights or securities exchangeable for or convertible into shares of Class A Common Stock or dispose of any or all of its Class A Common Stock or its associated rights or securities exchangeable for or convertible into Class A Common Stock (including, without limitation, distributing some or all of such securities to such Reporting Person’s members, partners, stockholders or beneficiaries, as applicable), depending upon an ongoing evaluation of its investment in such securities, applicable legal and/or contractual restrictions, prevailing market conditions, other investment opportunities, liquidity requirements of such Reporting Person and/or other investment considerations.
Item 5. | Interest in Securities of the Issuer |
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(c) Except as described below, the Reporting Persons have not engaged in any transactions with respect to the Issuer’s Class A Common Stock in the past 60 days:
In connection with the estate planning activities of Mr. Whitman, on October 23, 2018 HCCF XI transferred 4,000,000 shares of the Issuer’s Class A Common Stock to Mr. Whitman and Mr. Whitman then transferred such shares of the Issuer’s Class A Common Stock to the Whitman 2018 Grantor Retained Annuity Trust (the “Whitman Trust”).
In connection with the estate planning activities of Mr. Reis (i) Senior Care distributed 1,801,371 shares of the Issuer’s Class A Common Stock to Mr. Reis on June 6, 2018, (ii) Senior Care distributed 218,289 shares of the Issuer’s Class A Common Stock to the Reis Subchapter S Trust on June 14, 2018, (iii) Senior Care distributed 101,493 shares of the Issuer’s Class A Common Stock to the Reis Family Trust on June 15, 2018, and (iv) Senior Care distributed 45,960 shares of the Issuer’s Class A Common Stock to Mr. Reis on August 18, 2018. Further, Senior Care distributed to its members (1) 49,115 shares of the Issuer’s Class A Common Stock on August 15, 2018, (2) 132,501 shares of the Issuer’s Class A Common stock on August 16, 2018, and (3) 76,401 shares of the Issuer’s Class A Common Stock on October 22, 2018.
In addition, the following table sets forth the trade date, number of shares and average sales price with respect to all transactions with respect to the Issuer’s Class A Common Stock effected directly or indirectly by Mr. Reis since the filing of Amendment No. 6 to the Schedule 13D on July 31, 2018. All of such transactions were open market transactions effected by Mr. Reis, the Reis Subchapter S Trust or the Reis Family Trust.
Trade Date | Seller | No. of Shares | Average Sales Price Per Share * |
8-8-2018 | Mr. Reis | 23,073 | $1.6456 |
8-8-2018 | Reis Family Trust | 765 | $1.6456 |
8-8-2018 | Reis Subchapter S Trust | 1,657 | $1.6456 |
8-9-2018 | Mr. Reis | 68,698 | $1.7052 |
8-9-2018 | Reis Family Trust | 2,277 | $1.7052 |
8-9-2018 | Reis Subchapter S Trust | 4,934 | $1.7052 |
8-10-2018 | Mr. Reis | 29,798 | $1.6545 |
8-10-2018 | Reis Family Trust | 988 | $1.6545 |
8-10-2018 | Reis Subchapter S Trust | 2,140 | $1.6545 |
8-13-2018 | Mr. Reis | 11,032 | $1.6324 |
8-13-2018 | Reis Family Trust | 366 | $1.6324 |
8-13-2018 | Reis Subchapter S Trust | 792 | $1.6324 |
8-14-2018 | Mr. Reis | 2,039 | $1.6304 |
8-14-2018 | Reis Family Trust | 68 | $1.6304 |
8-14-2018 | Reis Subchapter S Trust | 146 | $1.6304 |
8-23-18 | Mr. Reis | 17,784 | $1.6659 |
8-23-18 | Reis Family Trust | 590 | $1.6659 |
8-23-18 | Reis Subchapter S Trust | 1,277 | $1.6659 |
8-24-18 | Mr. Reis | 46,534 | $1.7092 |
8-24-18 | Reis Family Trust | 1,543 | $1.7092 |
8-24-18 | Reis Subchapter S Trust | 3,343 | $1.7092 |
8-27-18 | Mr. Reis | 34,658 | $1.735 |
8-27-18 | Reis Family Trust | 1,149 | $1.735 |
8-27-18 | Reis Subchapter S Trust | 2,489 | $1.735 |
8-28-18 | Mr. Reis | 23,320 | $1.6953 |
8-28-18 | Reis Family Trust | 773 | $1.6953 |
8-28-18 | Reis Subchapter S Trust | 1,675 | $1.6953 |
8-29-18 | Mr. Reis | 21,770 | $1.7245 |
8-29-18 | Reis Family Trust | 722 | $1.7245 |
8-29-18 | Reis Subchapter S Trust | 1,563 | $1.7245 |
8-30-18 | Mr. Reis | 18,933 | $1.7648 |
8-30-18 | Reis Family Trust | 627 | $1.7648 |
8-30-18 | Reis Subchapter S Trust | 1,360 | $1.7648 |
8-31-18 | Mr. Reis | 21,589 | $1.7809 |
8-31-18 | Reis Family Trust | 715 | $1.7809 |
8-31-18 | Reis Subchapter S Trust | 1,551 | $1.7809 |
9-4-18 | Mr. Reis | 21,630 | $1.6919 |
9-4-18 | Reis Family Trust | 717 | $1.6919 |
9-4-18 | Reis Subchapter S Trust | 1,553 | $1.6919 |
9-5-18 | Mr. Reis | 814 | $1.6368 |
9-5-18 | Reis Family Trust | 27 | $1.6368 |
9-5-18 | Reis Subchapter S Trust | 59 | $1.6368 |
10-10-18 | Mr. Reis | 3,169 | $1.6322 |
10-10-18 | Reis Family Trust | 105 | $1.6322 |
10-10-18 | Reis Subchapter S Trust | 228 | $1.6322 |
10-29-18 | Mr. Reis | 6,711 | $1.6384 |
10-29-18 | Reis Family Trust | 222 | $1.6384 |
10-29-18 | Reis Subchapter S Trust | 482 | $1.6384 |
* Average Sales Price Per Share is reported as a weighted average price; such shares of the Issuer’s Class A Common Stock were sold and purchased in multiple open market transactions.
(d) To the knowledge of the Reporting Persons, no one other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer’s Class A Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
The section of Item 6 of the Schedule 13D entitled “Voting Agreement” is hereby amended and restated as follows:
Voting Agreement
On October 31, 2018, the Fifth Amended and Restated Voting Agreement, dated as of July 31, 2018 executed by each of the stockholders party thereto (the “Voting Agreement”) terminated in accordance with its terms.