Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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Bristow Group Inc.
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
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11040G103
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(CUSIP Number)
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Michael Treisman
Bain Capital Credit Member, LLC
200 Clarendon Street
Boston, MA 02116
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
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December 17, 2020
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(Date of Event which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because
of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐
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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.
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*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.
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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 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).
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CUSIP No. 11040G103
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SCHEDULE 13D
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1
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NAME OF REPORTING PERSON
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Bain Capital Credit Member, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SE
E INSTRUCTIONS)
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OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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2,879,490
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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2,879,490
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,879,490
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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9.7%*
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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* Percentage based on 29,710,809 shares of Common Stock (as defined below) issued and outstanding as of November 2, 2020, as reflected in
the Form 10Q filed by the Issuer with the U.S. Securities and Exchange Commission (“SEC”) on November 5, 2020.
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CUSIP No. 11040G103
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SCHEDULE 13D
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1
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NAME OF REPORTING PERSON
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BCC Helicopter Holdings LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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2,879,490
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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2,879,490
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,879,490
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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9.7%*
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[
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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* Percentage based on 29,710,809 shares of Common Stock (as defined below) issued and outstanding as of November 2, 2020, as reflected
in the Form 10Q filed by the Issuer with the SEC on November 5, 2020.
Item 1. Security and Issuer.
This Amendment No. 1 to the Statement on Schedule 13D (this “Amendment No. 1”) amends the Schedule 13D originally filed by the undersigned (the “Reporting Persons”) on July 1,
2020 (the “Original Schedule 13D”) regarding the shares of common stock, par value $0.01 per share (“Common Stock”), of Bristow Group Inc. (formerly known as Era Group Inc.), a Delaware corporation (the “Issuer”). The address of the principal
executive offices of the Issuer is 3151 Briarpark Dr., Suite 700, Houston, Texas 77042.
Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported on the Original Schedule 13D. Capitalized terms used
but not otherwise defined in this Amendment No. 1 shall have the meanings ascribed to them in the Original Schedule 13D.
Item 4. Purpose of Transaction.
The disclosure in Item 4 of the Original 13D is amended and restated with the following:
On December 17, 2020, the Reporting Persons sold 3,866
shares of the Common Stock held of record by BCC Helicopter LLC in open market transactions. The Reporting Persons intend to seek to opportunistically sell all or any portion of the remaining shares of Common Stock held of record by BCC
Helicopter LLC (the “Shares”) in the open market or in privately negotiated transactions. The timing of any such sales is dependent on the Reporting Person’s ongoing evaluation of the Issuer’s business, financial condition, operations and
prospects; the price levels of the Shares; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments. The Reporting Persons may at any
time determine to cease seeking to sell any of the Shares.
Other than as described above, the Reporting Persons do not currently have any plans or proposals that relate to, or would result in, any of the matters
listed in Items 4(a)–(j) of Schedule 13D, although, depending on the factors discussed herein, the Reporting Persons may change their purpose or formulate different plans or proposals with respect thereto at any time.
Item 5. Interest in Securities of the Issuer.
(a), (b)
BCC Helicopter Holdings LLC is the record owner of the shares of Common Stock shown on Item 9 of its respective cover page.
Bain Capital Credit Member LLC serves as the general partner to the general partners of investment funds that hold economic interests in BCC Helicopter Holdings LLC, and may be deemed to
share beneficial ownership of the shares of Common Stock of which BCC Helicopter Holdings LLC is the record owner. Jeffrey Hawkins and Michael Treisman serve as the Directors of BCC Helicopter Holdings LLC and, as a result of their control
of BCC Helicopter Holdings, LLC, may be deemed to share beneficial ownership of the shares of Common Stock of which BCC Helicopter Holdings LLC is the record owner.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: December 17, 2020
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BAIN CAPITAL CREDIT MEMBER, LLC
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By:
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/s/ Andrew Viens
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Name:
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Andrew Viens
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Title:
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Managing Director
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BCC HELICOPTER HOLDINGS LLC
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By:
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/s/ Michael Treisman
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Name:
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Michael Treisman
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Title:
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Director
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SCHEDULE I
Shares of Common Stock beneficially owned by the Reporting Persons acquired or sold during the past sixty (60). The transactions described below were effected in the open market
through brokers by BCC Helicopter Holdings LLC. Bain Capital Credit Member LLC serves as the general partner to the general partners of investment funds that hold economic interests in BCC Helicopter Holdings LLC, and may be deemed to share
beneficial ownership of the shares of Common Stock of which BCC Helicopter Holdings LLC is the record owner. Jeffrey Hawkins and Michael Treisman serve as the Directors of BCC Helicopter Holdings LLC and, as a result of their control of BCC
Helicopter Holdings LLC, may be deemed to share beneficial ownership of the shares of Common Stock of which BCC Helicopter Holdings LLC is the record owner.
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Trade Date
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Shares Purchased/(Sold)
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Price Per Share (1)
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Total Price (1)
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3,866 |
$29,4066 |
$113,685.92 |
(1) Not including any brokerage commissions or service charges.