Moez Kassam Form 3 SCHOOL SPECIALTY / Bruce Ross Winson ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Frigate Ventures LP

(Last) (First) (Middle)

5950 BERKSHIRE LANE

SUITE 210

(Street)

DALLAS TX 75225

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/24/2016

3. Issuer Name and Ticker or Trading Symbol
SCHOOL SPECIALTY INC [ SCOO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.001 par value	113,562(1)	I	See Footnote(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Frigate Ventures LP

(Last) (First) (Middle)

5950 BERKSHIRE LANE

SUITE 210

(Street)

DALLAS TX 75225

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

M5V Advisors Inc.

(Last) (First) (Middle)

111 PETER STREET

SUITE 904

(Street)

TORONTO A6 M5V 2H1

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Spears Adam

(Last) (First) (Middle)

111 PETER STREET

SUITE 904

(Street)

TORONTO A6 M5V 2H1

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Kassam Moez

(Last) (First) (Middle)

111 PETER STREET

SUITE 904

(Street)

TORONTO A6 M5V 2H1

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Admiralty Advisors LLC

(Last) (First) (Middle)

5950 BERKSHIRE LANE

SUITE 210

(Street)

DALLAS TX 75225

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Winson Bruce Ross

(Last) (First) (Middle)

5950 BERKSHIRE LANE

SUITE 210

(Street)

DALLAS TX 75225

(City) (State) (Zip)

Explanation of Responses:

1. The filing of this Form 3 shall not be construed as an admission that Frigate Ventures LP ("Frigate"), Admiralty Advisors LLC, the general partner of Frigate ("Admiralty"), Bruce R. Winson, the manager of Admiralty, M5V Advisors Inc. ("M5V"), Adam Spears, a director of M5V, or Moez Kassam, a director of M5V, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Common Stock, $0.001 par value (the "Common Stock"), of School Specialty, Inc. (the "Issuer") purchased by a private investment fund advised by Frigate and M5V (the "Fund"). Pursuant to Rule 16a-1, all of Frigate, Admiralty, Mr. Winson, M5V, Mr. Spears and Mr. Kassam disclaim such beneficial ownership.

2. Frigate and M5V hold indirectly 113,562 shares of Common Stock of the Issuer through the Fund, for which Frigate and M5V are the Investment Advisors. Admiralty and Bruce R. Winson report the Common Stock held indirectly by the Fund because, as the general partner of Frigate and the manager of Admiralty, respectively, at the time of purchase, they controlled the disposition and voting of the securities. Mr. Spears and Mr. Kassam report the Common Stock held indirectly by the Fund because, as the directors of M5V, at the time of purchase, they controlled the disposition and voting of the securities.

Remarks:

	/s/ Bruce R. Winson, manager of Admiralty Advisors LLC, general partner of Frigate Ventures LP	04/01/2016
	/s/ Bruce R. Winson, manager of Admiralty Advisors LLC	04/01/2016
	/s/ Bruce R. Winson	04/01/2016
	/s/ Adam Spears, director of M5V Advisors Inc.	04/01/2016
	/s/ Adam Spears	04/01/2016
	/s/ Moez Kassam	04/01/2016
	** Signature of Reporting Person	Date
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