UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.01)*
Stealthgas Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
Y81669106
March 06, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| | | | | |
1 | | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| Glendon Capital Management LP 46-1394333 |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| United States |
| | | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | | SOLE VOTING POWER |
| |
| 6,403,167 |
| | |
6 | | SHARED VOTING POWER |
| |
| 0 |
| | |
7 | | SOLE DISPOSITIVE POWER |
| |
| 6,403,167 |
| | |
8 | | SHARED DISPOSITIVE POWER |
| |
| 0 |
| | |
9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 6,403,167 |
| | |
10 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 16.06% |
| | |
12 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| IA , HC |
| |
FOOTNOTES |
| |
| Glendon Capital Management LP crossed the 15% threshold of ownership of common stock on March 15, 2019. The amount listed is reflective of holdings as of the filing date of this amendment.
Percentage ownership is based on 39,860,563 shares outstanding of the issuer’s common stock as reported in the issuer’s 6K dated as of November 23, 2018. |
| | | | | |
1 | | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| Matthew Barrett |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| U.S. citizen |
| | | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | | SOLE VOTING POWER |
| |
| 6,403,167 |
| | |
6 | | SHARED VOTING POWER |
| |
| 0 |
| | |
7 | | SOLE DISPOSITIVE POWER |
| |
| 6,403,167 |
| | |
8 | | SHARED DISPOSITIVE POWER |
| |
| 0 |
| | |
9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 6,403,167 |
| | |
10 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 16.06% |
| | |
12 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| IA , HC |
| |
FOOTNOTES |
| |
| |
| | | | | |
1 | | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| Holly Kim |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| U.S. citizen |
| | | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | | SOLE VOTING POWER |
| |
| 6,403,167 |
| | |
6 | | SHARED VOTING POWER |
| |
| 0 |
| | |
7 | | SOLE DISPOSITIVE POWER |
| |
| 6,403,167 |
| | |
8 | | SHARED DISPOSITIVE POWER |
| |
| 0 |
| | |
9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 6,403,167 |
| | |
10 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 16.06% |
| | |
12 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| IA , HC |
| |
FOOTNOTES |
| |
| |
| | | | | |
1 | | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| Eitan Melamed |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| U.S. citizen |
| | | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | | SOLE VOTING POWER |
| |
| 6,403,167 |
| | |
6 | | SHARED VOTING POWER |
| |
| 0 |
| | |
7 | | SOLE DISPOSITIVE POWER |
| |
| 6,403,167 |
| | |
8 | | SHARED DISPOSITIVE POWER |
| |
| 0 |
| | |
9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 6,403,167 |
| | |
10 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 16.06% |
| | |
12 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| IA , HC |
| |
FOOTNOTES |
| |
| |
| | | | | |
1 | | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| Brian Berman |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| U.S. citizen |
| | | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | | SOLE VOTING POWER |
| |
| 6,403,167 |
| | |
6 | | SHARED VOTING POWER |
| |
| 0 |
| | |
7 | | SOLE DISPOSITIVE POWER |
| |
| 6,403,167 |
| | |
8 | | SHARED DISPOSITIVE POWER |
| |
| 0 |
| | |
9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 6,403,167 |
| | |
10 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 16.06% |
| | |
12 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| IA , HC |
| |
FOOTNOTES |
| |
| |
| | | | | |
1 | | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| Michael Keegan |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| U.S. citizen |
| | | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | | SOLE VOTING POWER |
| |
| 6,403,167 |
| | |
6 | | SHARED VOTING POWER |
| |
| 0 |
| | |
7 | | SOLE DISPOSITIVE POWER |
| |
| 6,403,167 |
| | |
8 | | SHARED DISPOSITIVE POWER |
| |
| 0 |
| | |
9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 6,403,167 |
| | |
10 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 16.06% |
| | |
12 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| IA , HC |
| |
FOOTNOTES |
| |
| |
| | | | | |
1 | | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| Christopher Sayer |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| U.S. citizen |
| | | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | | SOLE VOTING POWER |
| |
| 6,403,167 |
| | |
6 | | SHARED VOTING POWER |
| |
| 0 |
| | |
7 | | SOLE DISPOSITIVE POWER |
| |
| 6,403,167 |
| | |
8 | | SHARED DISPOSITIVE POWER |
| |
| 0 |
| | |
9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 6,403,167 |
| | |
10 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 16.06% |
| | |
12 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| IA , HC |
| |
FOOTNOTES |
| |
| |
| | | | | |
1 | | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| Glendon Opportunities Fund, LP |
| | |
2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
| (a) o |
| (b) o |
| | |
3 | | SEC USE ONLY |
| |
| |
| | |
4 | | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| Cayman Islands |
| | | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | | SOLE VOTING POWER |
| |
| 4,668,964 |
| | |
6 | | SHARED VOTING POWER |
| |
| |
| | |
7 | | SOLE DISPOSITIVE POWER |
| |
| 4,668,964 |
| | |
8 | | SHARED DISPOSITIVE POWER |
| |
| |
| | |
9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 4,668,964 |
| | |
10 | | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
| |
| o |
| | |
11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 11.71% |
| | |
12 | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
| |
| FI |
| |
FOOTNOTES |
| |
| Glendon Opportunities Fund, LP crossed the 10% threshold of ownership of common stock on March 6, 2019. The amount listed is reflective of holdings as of the filing date of this amendment.
Percentage ownership is based on 39,860,563 shares outstanding of the issuer’s common stock as reported in the issuer’s 6K dated as of November 23, 2018. |
Item 1.
| (b) | Address of Issuer’s Principal Executive Offices |
| | 331 Kifissias Avenue, Erithrea 14561, Athens, Greece |
Item 2.
| | (1) | Glendon Capital Management LP |
|
| | (8) | Glendon Opportunities Fund, LP |
|
| (b) | Address of Principal Business Office or, if none, Residence |
| | (1) | Glendon Capital Management LP 1620 26th Street, Suite 2000N Santa Monica, CA 90404
|
| | (2) | Matthew Barrett 1620 26th Street, Suite 2000N Santa Monica, CA 90404
|
| | (3) | Holly Kim 1620 26th Street, Suite 2000N Santa Monica, CA 90404
|
| | (4) | Eitan Melamed 1620 26th Street, Suite 2000N Santa Monica, CA 90404
|
| | (5) | Brian Berman 1620 26th Street, Suite 2000N Santa Monica, CA 90404
|
| | (6) | Michael Keegan 1620 26th Street, Suite 2000N Santa Monica, CA 90404
|
| | (7) | Christopher Sayer 1620 26th Street, Suite 2000N Santa Monica, CA 90404
|
| | (8) | Glendon Opportunities Fund, LP 1620 26th Street, Suite 2000N Santa Monica, CA 90404 |
| | (1) | Glendon Capital Management LP: United States |
| | (2) | Matthew Barrett: U.S. citizen |
| | (3) | Holly Kim: U.S. citizen |
| | (4) | Eitan Melamed: U.S. citizen |
| | (5) | Brian Berman: U.S. citizen |
| | (6) | Michael Keegan: U.S. citizen |
| | (7) | Christopher Sayer: U.S. citizen |
| | (8) | Glendon Opportunities Fund, LP: Cayman Islands |
| (d) | Title of Class of Securities |
Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | o | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
| (b) | o | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | o | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | o | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
| (e) | x | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | o | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | x | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
| (h) | o | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | o | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | o | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). |
| (k) | o | A group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: |
| | (1) | Glendon Capital Management LP: 6,403,167 |
| | (2) | Matthew Barrett: 6,403,167 |
| | (4) | Eitan Melamed: 6,403,167 |
| | (5) | Brian Berman: 6,403,167 |
| | (6) | Michael Keegan: 6,403,167 |
| | (7) | Christopher Sayer: 6,403,167 |
| | (8) | Glendon Opportunities Fund, LP: 4,668,964 |
| | (1) | Glendon Capital Management LP: 16.06% |
| | (2) | Matthew Barrett: 16.06% |
| | (6) | Michael Keegan: 16.06% |
| | (7) | Christopher Sayer: 16.06% |
| | (8) | Glendon Opportunities Fund, LP: 11.71% |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: |
| | | (1) | Glendon Capital Management LP: 6,403,167 |
| | | (2) | Matthew Barrett: 6,403,167 |
| | | (4) | Eitan Melamed: 6,403,167 |
| | | (5) | Brian Berman: 6,403,167 |
| | | (6) | Michael Keegan: 6,403,167 |
| | | (7) | Christopher Sayer: 6,403,167 |
| | | (8) | Glendon Opportunities Fund, LP: 4,668,964 |
| (ii) | Shared power to vote or to direct the vote: |
| | | (1) | Glendon Capital Management LP: 0 |
| | | (8) | Glendon Opportunities Fund, LP: 0 |
| (iii) | Sole power to dispose or to direct the disposition of: |
| | | (1) | Glendon Capital Management LP: 6,403,167 |
| | | (2) | Matthew Barrett: 6,403,167 |
| | | (4) | Eitan Melamed: 6,403,167 |
| | | (5) | Brian Berman: 6,403,167 |
| | | (6) | Michael Keegan: 6,403,167 |
| | | (7) | Christopher Sayer: 6,403,167 |
| | | (8) | Glendon Opportunities Fund, LP: 4,668,964 |
| (iv) | Shared power to dispose or to direct the disposition of: |
| | | (1) | Glendon Capital Management LP: 0 |
| | | (8) | Glendon Opportunities Fund, LP: 0 |
Item 5. | Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the followingo .
N/A
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
For each of Matthew S. Barrett, Holly Kim, Eitan Melamed, Brian Berman, Michael Keegan, and Christopher Sayer:
(a) Amount beneficially owned: 6,403,167
(b) Percent of class: 16.06%
(c) Number of shares to which each Reporting Person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to direct the vote: 6,403,167
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 6,403,167
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company |
Item 8. | Identification and Classification of Members of the Group |
Item 9. | Notice of Dissolution of Group |
Item 10. | Certification |
| |
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11. |
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.
| Glendon Capital Management, LP
| |
| | | |
Date: April 04, 2019 | By: | /s/ Michael Keegan | |
| | Name: Michael Keegan | |
| | Title: Chief Compliance Officer / Partner | |
| | | |
| Glendon Capital Management, L.P.
| |
| | | |
Date: April 04, 2019 | By: | /s/ Matthew S. Barrett | |
| | Name: Matthew S. Barrett | |
| | Title: Partner | |
| | | |
| Glendon Capital Management, L.P.
| |
| | | |
Date: April 04, 2019 | By: | /s/ Holly Kim | |
| | Name: Holly Kim | |
| | Title: Partner | |
| | | |
| Glendon Capital Management, L.P.
| |
| | | |
Date: April 04, 2019 | By: | /s/ Eitan Melamed | |
| | Name: Eitan Melamed | |
| | Title: Partner | |
| | | |
| Glendon Capital Management, L.P.
| |
| | | |
Date: April 04, 2019 | By: | /s/ Brian Berman | |
| | Name: Brian Berman | |
| | Title: Partner | |
| | | |
| Glendon Capital Management, L.P.
| |
| | | |
Date: April 04, 2019 | By: | /s/ Christopher Sayer | |
| | Name: Christopher Sayer | |
| | Title: Partner | |
| | | |
| Glendon Capital Management, L.P.
| |
| | | |
Date: April 04, 2019 | By: | /s/ Michael Keegan | |
| | Name: Michael Keegan | |
| | Title: Chief Compliance Officer / Partner | |
| | | |
| Glendon Opportunities Fund, L.P.
| |
| | | |
Date: April 04, 2019 | By: | /s/ Michael Keegan | |
| | Name: Michael Keegan | |
| | Title: on behalf of General Partner Glendon Capital Associates | |
| | | |
Footnotes: | EXHIBIT A Joint Filing Agreement Pursuant to Rule 13d-1
This agreement is made pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 (the “Act”) by and among the parties listed above, each referred to herein as a “Joint Filer.” The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1(k)(1) . |
Attention: | Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) |