Sec Form 13G Filing - Coliseum Capital Management LLC @ ID Auto Inc.

Sec Form 13G Filing - Coliseum Capital Management LLC filing for ID Auto Inc. (ID) - 2021-02-16

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
What is insider trading>>

Link

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934*

(Amendment No. 2)

PARTS iD, Inc. (f/k/a Legacy Acquisition Corp.)

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

524643103

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ 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).


CUSIP No. 524643103		13G/A		Page 2 of 9

Percent of Class Represented by Amount in Row (9)

0.8%


CUSIP No. 524643103		13G/A		Page 3 of 9


CUSIP No. 524643103		13G/A		Page 4 of 9


CUSIP No. 524643103		13G/A		Page 5 of 9


CUSIP No. 524643103		13G/A		Page 6 of 9


CUSIP No. 524643103		13G/A		Page 7 of 9

Explanatory Note: This Amendment No. 2 (this “Amendment”) to the Schedule 13G (the “Initial 13G”) filed with the Securities and Exchange Commission on December 11, 2017 by the Reporting Persons (as defined below) relating to PARTS iD, Inc. (f/k/a Legacy Acquisition Corp.), a Delaware Corporation (the “Issuer”), and as amended and supplemented by Amendment No. 1 to the Initial 13G filed on February 14, 2020, amends and supplements certain of the items set forth therein.

As used in this Amendment, the term “Reporting Persons” collectively refers to:

•

Coliseum Capital Management, LLC (“CCM”);

•

Coliseum Capital, LLC (“CC”);

•

Coliseum Capital Partners, L.P. (“CCP”);

•

Adam Gray (“Gray”); and

•

Christopher Shackelton (“Shackelton”).

Item 4.

Ownership

Item 4 is hereby amended and supplemented as follows:

The information relating to the beneficial ownership of Class A Common Stock, par value $0.0001 (“Common Stock”), by each of the Reporting Persons set forth in Rows 5 through 9 and Row 11 of the cover pages hereto is incorporated herein by reference.

The ownership percentage of each Reporting Person set forth in Row 11 of the cover pages hereto has been calculated based on an assumed total of 32,873,457 shares of Common Stock issued and outstanding as of January 25, 2021, as reported by the Issuer in its Registration Statement on Form S-1, filed with the Securities and Exchange Commission on January 29, 2021.

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 securities, check the following ☒

Item 8.

Identification and Classification of Members of the Group.

Item 8 is hereby amended and supplemented as follows:

CCM is the investment adviser to CCP, which is an investment limited partnership. CC is the General Partner of CCP. Gray and Shackelton are the managers of CC and CCM.

The Reporting Persons may be deemed to be members of a group with respect to the Common Stock owned of record by CCP and a separate account managed by CCM (the “Separate Account”). CCP is the record owner of 183,095 shares of Common Stock and the Separate Account is the record owner of 67,230 shares of Common Stock.

Item 10.

Certifications

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above 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.

SIGNATURES

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.

Dated: February 16, 2021


COLISEUM CAPITAL MANAGEMENT, LLC		COLISEUM CAPITAL, LLC

By:	/s/ Chivonne Cassar	By:	/s/ Chivonne Cassar
	Chivonne Cassar, Attorney-in-fact		Chivonne Cassar, Attorney-in-fact

COLISEUM CAPITAL PARTNERS, L.P.		ADAM GRAY

By:	Coliseum Capital, LLC, General Partner

By:	/s/ Chivonne Cassar	By:	/s/ Chivonne Cassar
	Chivonne Cassar, Attorney-in-fact		Chivonne Cassar, Attorney-in-fact

CHRISTOPHER SHACKELTON

By:	/s/ Chivonne Cassar
	Chivonne Cassar, Attorney-in-fact


CUSIP No. 524643103		13G/A		Page 9 of 9

EXHIBIT INDEX


Exhibit		Description

1.		Joint Filing Agreement, dated December 11, 2017 by and among the Reporting Persons (incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on December 11, 2017).

Names of Reporting Persons

Coliseum Capital Management, LLC

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ☐ (b) ☒

SEC Use Only

Citizenship or Place of Organization

Delaware