UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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 of Derivative Security: 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 | ||||
Subscription Rights | 02/05/2016 | 03/07/2016 | Units | 1,038 | $ 10 | I | See footnotes (9) (10) |
Subscription Rights | 02/05/2016 | 03/07/2016 | Units | 4,102 | $ 10 | I | See footnotes (9) (11) (12) |
Subscription Rights | 02/05/2016 | 03/07/2016 | Units | 2,455 | $ 10 | I | See footnotes (9) (11) (13) |
Subscription Rights | 02/05/2016 | 03/07/2016 | Units | 3,619 | $ 10 | I | See footnotes (9) (14) |
Subscription Rights | 02/05/2016 | 03/07/2016 | Units | 472 | $ 10 | I | See footnotes (9) (15) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Monarch Alternative Capital LP 535 MADISON AVENUE NEW YORK, NY 10022 |
 |  |  | See Remarks |
Monarch Debt Recovery Master Fund Ltd C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL ROAD GEORGE TOWN, GRAND CAYMAN, E9 KY1-9008 |
 |  X |  |  |
MDRA GP LP C/O MONARCH ALTERNATIVE CAPITAL LP 535 MADISON AVENUE NEW YORK, NY 10022 |
 |  |  | See Remarks |
Monarch GP LLC C/O MONARCH ALTERNATIVE CAPITAL LP 535 MADISON AVENUE NEW YORK, NY 10022 |
 |  |  | See Remarks |
/s/ Michael Weinstock | 02/16/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This Form 3 is being filed on behalf of Monarch Alternative Capital LP, a Delaware limited partnership ("MAC"), MDRA GP LP, a Delaware limited partnership ("MDRA GP"), Monarch GP LLC, a Delaware limited liability company ("Monarch GP"), and Monarch Debt Recovery Master Fund Ltd ("MDRF"), a Cayman Islands exempted company (collectively, the "Reporting Persons"). MAC serves as the investment advisor to the Funds (as defined below), MDRA GP is the general partner of MAC, and Monarch GP is the general partner of MDRA GP. Each of MAC, MDRA GP and Monarch GP may be deemed to indirectly beneficially own Units held directly by the Funds and disclaim beneficial ownership of all such Units except to the extent of any indirect pecuniary interest therein. |
(2) | Monarch GP Investor LLC ("Investor LLC") serves as the managing member of Monarch Alternative Capital GP LLC, a Delaware limited liability company ("MAC GP"), Monarch Alternative Capital GP III LLC, a Delaware limited liability company ("MAC III"), and MCP Holdings GP LLC, a Delaware limited liability company ("MCP Holdings"). MAC GP serves as general partner of MCMP II (as defined below), MAC III serves as general partner of MCMP III (as defined below) and MCP Holdings serves as general partner of MCP HM (as defined below). Investor LLC may be deemed to indirectly beneficially own Units held directly by the MCMP II, MCMP III and MCP HM and disclaims beneficial ownership of all such Units except to the extent of any indirect pecuniary interest therein. |
(3) | Units held directly by Monarch Alternative Solutions Master Fund Ltd, a Cayman Islands exempted company ("MASMF"). |
(4) | Units held directly by Monarch Capital Master Partners II LP, a Cayman Islands limited partnership ("MCMP II"). |
(5) | Units held directly by Monarch Capital Master Partners III LP, a Cayman Islands limited partnership ("MCMP III"). |
(6) | Units held directly by MCP Holdings Master LP, a Cayman Islands limited partnership ("MCP HM"). |
(7) | Units held directly by MDRF. |
(8) | Units held directly by P Monarch Recovery Ltd., a British Virgin Islands corporation ("P Monarch," and together with MASMF, MCMP II, MCMP III, MCP HM and MDRF, the "Funds"). |
(9) | Each of MAC, MDRA GP and Monarch GP may be deemed to indirectly beneficially own the Subscription Rights held directly by the Funds and disclaim beneficial ownership of all such Subscription Rights except to the extent of any indirect pecuniary interest therein. As used herein, "Subscription Rights" refers to those certain subscription rights awarded to certain holders of Units of American Apparel, LLC (the "Issuer") under the Issuer's plan of reorganization under the United States Bankruptcy Code. |
(10) | Subscription Rights held directly by MASMF. |
(11) | Investor LLC may be deemed to indirectly beneficially own Subscription Rights held directly by MCMP III and MCP HM and disclaims beneficial ownership of all such Subscription Rights except to the extent of any indirect pecuniary interest therein. |
(12) | Subscription Rights held directly by MCMP III. |
(13) | Subscription Rights held directly by MCP HM. |
(14) | Subscription Rights held directly by MDRF. |
(15) | Subscription Rights held directly by P Monarch. |
 Remarks: Exhibit List: Exhibit 99.1 - Joint Filers' Information and Signatures Solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, MAC (and MDRA and Monarch GP by virtue of their control of MAC) may be deemed to be directors-by-deputization by virtue of the Funds' contractual right to designate one member of the board of directors of American Apparel, LLC.  Andrew Herenstein, a managing principal of MAC, is a member of American Apparel, LLC 's board of directors. |