This Amendment No. 3 (“Amendment No. 3) amends the Schedule 13D filed August 4, 2014, as amended (the “Schedule 13D”), and is filed jointly by GE Capital Equity Holdings, LLC (“GECEH”), GE Business Financial Services Inc. (“GEBFS”), AN Capital Corporation (“AN Capital”), GE Capital-US Holdings, Inc. (“GE Capital-US”), and General Electric Company (“GE”) (each of GECEH, GEBFS, AN Capital, GE Capital-US and GE, a “Reporting Person” and collectively the “Reporting Persons”), with respect to the Class A Common Stock, $0.01 par value per share (“Class A Common Stock”), of Townsquare Media, Inc. (the “Issuer”). Capitalized terms used herein but not defined shall have the meaning attributed to them in the Schedule 13D.
Item 4. Purpose of Transaction.
Item 4 is supplemented as follows:
On August 16, 2016, GECEH, GEBFS, and AN Capital sold an aggregate of 3,208,139 shares of Class C Common Stock to Madison Square Garden Investments, LLC (“MSG”) for $7.20 per share, in cash (an aggregate of $23,098,600.80) pursuant to a Stock Purchase Agreement entered into among them on the same date (the “MSG Stock Purchase Agreement”). Specifically, GECEH sold 2,946,283 shares of Class C Common Stock for $21,213,237.60; GEBFS sold 144,284 shares of Class C Common Stock for $1,038,844.80; and AN Capital sold 117,572 shares of Class C Common Stock for $846,518.40.
On August 16, 2016, GECEH sold an aggregate of 50,000 shares of Class C Common Stock to The Price 1998 Descendant’s Trust (the “Price Trust”) for $7.20 per share, in cash (an aggregate of $360,000.00) pursuant to a Stock Purchase Agreement entered into between them on the same date (the “Price Stock Purchase Agreement”).
Upon consummation, the shares of Class C Common Stock sold to MSG and the Price Trust automatically converted into an equal number of shares of Class A Common Stock pursuant to the Issuer’s Certificate of Incorporation.
Item 5. Interest in Securities of the Issuer.
| (a) | The responses of the Reporting Persons to Rows (11) through (13) of the cover pages of this Amendment No. 3, as of August 17, 2016, are incorporated herein by reference. As of August 17, 2016, none of the Reporting Persons beneficially owned any shares of Class A Common Stock or Class C Common Stock. To the Reporting Persons’ knowledge, none of the Scheduled Persons beneficially owned any shares of Class A Common Stock or Class C Common Stock as of August 17, 2016. |
| (b) | The responses of the Reporting Persons to (i) Rows (7) through (10) of the cover pages of this Amendment No. 3 and (ii) Item 5(a) hereof, in each case, as of August 17, 2016, are incorporated herein by reference. |
| (c) | Except for the transactions described in Item 4 of this Amendment No. 3 (which is incorporated herein by reference), none of the Reporting Persons, nor, to their knowledge any of the Scheduled Persons, has effected any transaction in Class A Common Stock during the past 60 days. |
| (e) | On August 16, 2016, the Reporting Persons ceased to be beneficial owners of more than five percent of the Class A Common Stock outstanding. |
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
A copy of the Joint Filing Agreement among the Reporting Persons is attached as Exhibit 14 hereto. The information set forth in Items 4 of this Amendment No. 3 is incorporated herein by reference. Copies of the MSG Stock Purchase Agreement and Price Stock Purchase Agreement are attached as Exhibits 15 and 16 respectively hereto.
Item 7. Material to be Filed as Exhibits.
Exhibit No. | Exhibit Description |
| |
14 | Joint Filing Agreement, by and among the Reporting Persons.* |
| |
15 | MSG Stock Purchase Agreement* |
| |
16 | Price Stock Purchase Agreement* |
| |
| __________________ * Filed herewith. |
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.
Dated: August 18, 2016
| GE CAPITAL EQUITY HOLDINGS, LLC |
| | |
| By: | /s/ Robert Roderick |
| | Name: Robert Roderick |
| | Title: Managing Director |
| | |
| GE BUSINESS FINANCIAL SERVICES INC. |
| | |
| By: | /s/ Robert Roderick |
| | Name: Robert Roderick |
| | Title: Vice President |
| | |
| AN CAPITAL CORPORATION |
| | |
| By: | /s/ Robert Roderick |
| | Name: Robert Roderick |
| | Title: Vice President |
| | |
| GE CAPITAL US HOLDINGS, INC. |
| | |
| By: | /s/ Robert Roderick |
| | Name: Robert Roderick |
| | Title: Attorney-in-fact* |
| | |
| GENERAL ELECTRIC COMPANY |
| | |
| By: | /s/ Robert Roderick |
| | Name: Robert Roderick |
| | Title: Attorney-in-fact* |
* Power of Attorney previously filed.
EXHIBIT INDEX
Exhibit No. | Exhibit Description |
| |
| Joint Filing Agreement, by and among the Reporting Persons.* |
| |
| MSG Stock Purchase Agreement.* |
| |
| Price Stock Purchase Agreement.* |
______________
* Filed herewith.