Breeze-eastern (BZC) Form 4 BREEZE-EASTERN / James Thomas Vanasek ownership change

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

VN CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)

1133 BROADWAY

SUITE 1609

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BREEZE-EASTERN CORP [ BZC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2015

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/05/2015		P		1,000	A	$12	1,229,658	I	See Footnotes(1)(2)
Common Stock	08/07/2015		P		10,000	A	$11.88	1,239,658	I	See Footnotes(1)(2)
Common Stock	09/08/2015		P		1,000	A	$13.78	1,240,658	I	See Footnotes(1)(2)
Common Stock	09/21/2015		P		1,000	A	$13.93	1,241,658	I	See Footnotes(1)(2)
Common Stock	09/28/2015		P		353	A	$13.75	1,242,011	I	See Footnotes(1)(2)
Common Stock	09/29/2015		P		7,700	A	$13.73	1,249,711	I	See Footnotes(1)(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

VN CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)

1133 BROADWAY

SUITE 1609

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

JOINVILLE CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)

C/O VN CAPITAL MANAGEMENT, LLC

1133 BROADWAY, SUITE 1609

(Street)

NEW YORK 10010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

NOONE PATRICK DONNELL

(Last) (First) (Middle)

C/O VN CAPITAL MANAGEMENT, LLC

1133 BROADWAY, SUITE 1609

(Street)

NEW YORK 10010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Vanasek James Thomas

(Last) (First) (Middle)

C/O VN CAPITAL MANAGEMENT, LLC

1133 BROADWAY, SUITE 1609

(Street)

NEW YORK 10010

(City) (State) (Zip)

Explanation of Responses:

1. This Form 4 is being filed by VN Capital Management, LLC, Joinville Capital Management, LLC (together with VN Capital Management, LLC the "General Partners"), VN Capital Fund I, LP (the "Fund"), Patrick Donnell Noone ("Noone") and James Thomas Vanasek ("Vanasek" and collectively with the General Partners, the Fund and Noone, the "Reporting Persons"). Mr. Noone and Mr. Vanasek are the principals and managing members of VN Capital Management, LLC

2. This amount reflects the amount of securities held by the Fund immediately following the transaction requiring the filing of this statement. In accordance with Instruction 5(b)(iv) of Form 4, the entire amount of the Issuer's securities held by Fund is reported herein. Each of the Reporting Persons disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.

Remarks:

The undersigned, VN Capital Management, LLC, Joinville Capital Management, LLC, VN Capital Fund I, L.P., Patrick Donnell Noone and James Thomas Vanasek, are jointly filing the attached Statement of Changes in Beneficial Ownership of Securities on Form 4 with VN Capital Management LLC with respect to the beneficial ownership of securities of Breeze Eastern Corp.

	/s/ James T. Vanasek, managing member of VN Capital Management, LLC	11/30/2015
	/s/ James T. Vanasek, managing member	11/30/2015
	/s/ Patrick Donnell Noone	11/30/2015
	/s/ James T. Vanasek	11/30/2015
	** Signature of Reporting Person	Date
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