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Greenlight Capital Inc, et al. – ‘SC 13D/A’ on 7/1/15 re: Green Brick Partners, Inc.

On:  Wednesday, 7/1/15, at 4:54pm ET   ·   Accession #:  929638-15-620   ·   File #:  5-82940

Previous ‘SC 13D’:  ‘SC 13D/A’ on 5/15/15   ·   Next:  ‘SC 13D’ on 7/7/15   ·   Latest:  ‘SC 13D/A’ on 12/12/23

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 7/01/15  Greenlight Capital Inc            SC 13D/A               3:189K Green Brick Partners, Inc.        Bingham McCutchen LLP/FA
          David Einhorn
          Dme Advisors GP LLC
          Dme Advisors LP
          Dme Capital Management LP

Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment to General Statement of Beneficial        HTML     55K 
                          Ownership                                              
 2: EX-99.1     Form of Lock-Up Agreement                           HTML     22K 
 3: EX-99.2     Letter Agreement                                    HTML     32K 


SC 13D/A   —   Amendment to General Statement of Beneficial Ownership


This is an HTML Document rendered as filed.  [ Alternative Formats ]




 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
OMB Number:3235-0145
Estimated average burden
hours per response… 10.4
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 12)*
 
Green Brick Partners, Inc. (f/k/a Biofuel Energy Corp.)
(Name of Issuer)
 
Shares of Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
(CUSIP Number)
 
Greenlight Capital, Inc.
140 East 45th Street, Floor 24
Tel. No.: (212) 973-1900
Attention: Chief Operating Officer
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
 
- with copies to -
 
Barry N. Hurwitz
Morgan, Lewis & Bockius LLP
One Federal Street
(617) 951-8000
 
 
(Date of Event Which Requires Filing of this Statement)
 
 
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
 
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
 
 
* 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 disclosures provided in a prior cover page.
 
 
The information required on 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.
Greenlight Capital, Inc.
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)           [ ]
 
(b)           [ ]
 
3
SEC Use Only
 
4
Source of Funds (See Instructions):
AF, WC, OO
 
5
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
 
6
Citizenship or Place of Organization.
Delaware
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
7           Sole Voting Power
0
8           Shared Voting Power
17,191,821
9            Sole Dispositive Power
0
10           Shared Dispositive Power
17,191,821
11
Aggregate Amount Beneficially Owned by Each Reporting Person
17,191,821
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [ ]
13
Percent of Class Represented by Amount in Row (11)
35.6%
 
14
Type of Reporting Person (See Instructions)
CO



 
 

 


 
1
Names of Reporting Persons.
DME Advisors GP, LLC
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)           [ ]
 
(b)           [ ]
 
3
SEC Use Only
 
4
Source of Funds (See Instructions):
AF, WC, OO
 
5
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
 
6
Citizenship or Place of Organization.
Delaware
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
7           Sole Voting Power
0
8           Shared Voting Power
6,926,847
9            Sole Dispositive Power
0
10           Shared Dispositive Power
6,926,847
11
Aggregate Amount Beneficially Owned by Each Reporting Person
6,926,847
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [ ]
13
Percent of Class Represented by Amount in Row (11)
14.3%
 
14
Type of Reporting Person (See Instructions)
OO

 

 
 

 


 
1
Names of Reporting Persons.
DME Advisors, L.P.
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)           [ ]
 
(b)           [ ]
 
3
SEC Use Only
 
4
Source of Funds (See Instructions):
AF, WC, OO
 
5
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
 
6
Citizenship or Place of Organization.
Delaware
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
7           Sole Voting Power
0
8           Shared Voting Power
3,466,793
9            Sole Dispositive Power
0
10           Shared Dispositive Power
3,466,793
11
Aggregate Amount Beneficially Owned by Each Reporting Person
3,466,793
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [ ]
13
Percent of Class Represented by Amount in Row (11)
7.2%
 
14
Type of Reporting Person (See Instructions)
PN

 

 
 

 


 
1
Names of Reporting Persons.
DME Capital Management, LP
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)           [ ]
 
(b)           [ ]
 
3
SEC Use Only
 
4
Source of Funds (See Instructions):
AF, WC, OO
 
5
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
 
6
Citizenship or Place of Organization.
Delaware
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
7           Sole Voting Power
0
8           Shared Voting Power
3,460,054
9            Sole Dispositive Power
0
10           Shared Dispositive Power
3,460,054
11
Aggregate Amount Beneficially Owned by Each Reporting Person
3,460,054
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [ ]
13
Percent of Class Represented by Amount in Row (11)
7.2%
 
14
Type of Reporting Person (See Instructions)
PN

 
 

 


1
Names of Reporting Persons.
David Einhorn
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)           [ ]
 
(b)           [ ]
 
3
SEC Use Only
 
4
Source of Funds (See Instructions):
AF, WC, OO
 
5
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
 
6
Citizenship or Place of Organization.
USA
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
7           Sole Voting Power
0
8           Shared Voting Power
24,127,590
9            Sole Dispositive Power
0
10           Shared Dispositive Power
24,127,590
11
Aggregate Amount Beneficially Owned by Each Reporting Person
24,127,590
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [ ]
13
Percent of Class Represented by Amount in Row (11)
49.9%
 
14
Type of Reporting Person (See Instructions)
IN

 
 

 
 
AMENDMENT NO. 12 TO SCHEDULE 13D
 
This Amendment No. 12 to Schedule 13D (the “Amendment”), relating to shares of common stock, par value $0.01 per share (“Common Stock”), of Green Brick Partners, Inc. (f/k/a BioFuel Energy Corp.), a Delaware corporation (the “Issuer” or the “Company”), 1600 Broadway, Suite 2200, Denver, CO 80202, amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission (the “Commission”) on June 26, 2007, as amended by Amendment No. 1 filed with the Commission on May 4, 2010, Amendment No. 2 filed with the Commission on September 27, 2010, Amendment No. 3 filed with the Commission on September 27, 2010, Amendment No. 4 filed with the Commission on December 17, 2010, Amendment No. 5 filed with the Commission on February 8, 2011, Amendment No. 6 filed with the Commission on April 8, 2011, Amendment No. 7 filed with the Commission on September 6, 2012, Amendment No. 8 filed with the Commission on March 28, 2014, Amendment No. 9 filed with the Commission on June 13, 2014, Amendment No. 10 filed with the Commission on July 16, 2014, and Amendment No. 11 filed with the Commission on October 29, 2014.

This Amendment is being filed on behalf of Greenlight Capital, Inc., a Delaware corporation (“Greenlight Inc.”), DME Advisors GP, LLC, a Delaware limited liability company (“Advisors GP”), DME Advisors, L.P., a Delaware limited partnership of which Advisors GP is the general partner (“Advisors”), DME Capital Management, LP, a Delaware limited partnership of which Advisors GP is the general partner (“DME CM”), and Mr. David Einhorn (the “Principal” and, together with Greenlight Inc., Advisors GP, Advisors and DME CM, the “Reporting Persons”). Mr. Einhorn is the principal of each of Greenlight Inc., Advisors GP, Advisors and DME CM.  Mr. Einhorn is also a Director of the Issuer.

Greenlight Inc. acts as investment manager for Greenlight Capital, L.P., a Delaware limited partnership (“GCLP”), Greenlight Capital Qualified, L.P., a Delaware limited partnership (“GCQP”), and Greenlight Capital Offshore Partners (“GCO”), a British Virgin Islands partnership.  Advisors acts as the investment manager for a managed account (“Managed Account”).  DME CM acts as the investment manager for Greenlight Capital Offshore Master (Gold), Ltd., a British Virgin Islands company (“GGOM”), and for Greenlight Capital (Gold), LP, a Delaware limited partnership (“GGLP”).  GCLP, GCQP, GCO, Managed Account, GGOM, GGLP and the Reporting Persons are referred to herein collectively as “Greenlight.”

Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in this Schedule 13D, as previously amended.

This Amendment is being filed to amend Items 3, 4, 5 and 6 as follows:

Item 3. Source and Amount of Funds or Other Consideration

Item 3 is hereby amended to include the information contained in Item 4 below.
 

Item 4. Purpose of Transaction

 
Item 4 is hereby amended to add the following information:

On July 1, 2015, Greenlight purchased an aggregate of 8,476,863 shares of the Company’s Common Stock in a registered public offering of shares by the Company (the “Public Offering”), as described in more detail in Item 5 below.  Greenlight’s purchase of Common Stock in the Public Offering was funded through working capital.

In connection with the Public Offering, Greenlight entered into lock-up agreements with the Company and the underwriters of the Public Offering which provides, among other things, that Greenlight will not, directly or indirectly, sell or otherwise dispose of any securities of the Company or enter into other transactions that would have the same economic effect, subject to customary exceptions, for a period of at least 90 days.  Greenlight also entered into a letter agreement with the Company and the other parties thereto, pursuant to which Greenlight agreed, among other things, to waive their registration rights under the Registration Rights Agreement dated as of October 24, 2014 among Greenlight and the Company, until the expiration of the lock-up period referred to above.
 

Item 5. Interest in Securities of the Issuer

 
Item 5 is hereby amended to add the following information:

(a) and (b)  See Items 7-11 of the cover pages.
 
(c)  The following table lists the transactions in the Common Stock that were effected by Greenlight during the sixty day period prior to the filing of this Amendment.  All shares of Common Stock listed below were purchased on July 1, 2015 at a price of $10.00 per share in connection with the Public Offering.

Greenlight Purchaser
No. Shares
GCLP
453,674
GCQP
2,017,093
GCO
3,571,553
GGOM
604,048
GGLP
612,039
Managed Account
1,218,456
 

Item 6. Contracts, Agreements, Understandings or Relationships with Respect to Securities of the Issuer

 
Item 6 is hereby amended to add the following exhibits:

 
Exhibit 99.1     Form of Lock-Up Agreement entered into by Greenlight, the Company and the underwriters of the Public Offering

 
Exhibit 99.2     Letter agreement among Greenlight, the Company and the other parties thereto


 
 

 


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.
 
Date:    July 1, 2015
 
 
Greenlight Capital, Inc.
 
By: /s/DANIEL ROITMAN                                                           
Chief Operating Officer

 
DME Advisors GP, L.L.C.
 
By: /s/DANIEL ROITMAN                                                           
Chief Operating Officer

 
DME Advisors, L.P.
 
By: /s/DANIEL ROITMAN                                                           
Chief Operating Officer

 
DME Capital Management, LP
 
By: /s/DANIEL ROITMAN                                                           
Chief Operating Officer

/s/DANIEL ROITMAN**                                                           
Daniel Roitman, on behalf of David Einhorn

 
** The Power of Attorney, executed by David Einhorn authorizing Harry Brandler and Daniel Roitman to sign and file this Schedule 13G on David Einhorn’s behalf, which was filed with a Schedule 13G filed with the Securities and Exchange Commission on July 18, 2005 by the Reporting Persons with respect to the Ordinary Shares of Flamel Technologies S.A., is hereby incorporated by reference.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13D/A’ Filing    Date    Other Filings
Filed on:7/1/158-K,  SC 13G/A
10/29/143,  4,  SC 13D/A
10/24/144
7/16/14PREM14A,  S-1,  SC 13D/A
6/13/148-K,  DEFA14A,  SC 13D/A
3/28/148-A12B,  8-K,  SC 13D/A
9/6/12SC 13D/A
4/8/11SC 13D/A
2/8/114,  8-K,  SC 13D/A
12/17/108-K,  DEF 14A,  SC 13D/A
9/27/108-K,  SC 13D/A
5/4/104,  SC 13D/A
6/26/07SC 13D
7/18/05
 List all Filings 
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Filing Submission 0000929638-15-000620   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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