Sec Form 13G Filing - KINGSTOWN CAPITAL PARTNERS LLC filing for FGL Holdings (FG) - 2020-05-15

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.
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 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

(Amendment No.   )1

 

FGL Holdings

 (Name of Issuer)

Ordinary Shares, par value $0.0001 per share

 (Title of Class of Securities)

G3402M102

 (CUSIP Number)

May 6, 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)

 

 

 

1              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).

 

CUSIP No. G3402M102

 

  1   NAME OF REPORTING PERSON  
         
        KINGSTOWN PARTNERS MASTER LTD.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        CAYMAN ISLANDS  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         3,953,033  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    8   SHARED DISPOSITIVE POWER  
           
          3,953,033  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        3,953,033  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        1.8%  
  12   TYPE OF REPORTING PERSON  
         
        CO  

  

2

CUSIP No. G3402M102

  1   NAME OF REPORTING PERSON  
         
        KINGSTOWN PARTNERS II, L.P.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         2,794,668  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          2,794,668  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        2,794,668  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        1.3%  
  12   TYPE OF REPORTING PERSON  
         
        PN  

  

3

CUSIP No. G3402M102

 

  1   NAME OF REPORTING PERSON  
         
        KTOWN, LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         1,656,545  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          1,656,545  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,656,545  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        Less than one percent  
  12   TYPE OF REPORTING PERSON  
         
        PN  

  

4

CUSIP No. G3402M102

 

  1   NAME OF REPORTING PERSON  
         
        KINGSTOWN 1740 FUND L.P.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         1,494,815  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          1,494,815  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,494,815  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        Less than one percent  
  12   TYPE OF REPORTING PERSON  
         
        PN  

  

5

CUSIP No. G3402M102

 

  1   NAME OF REPORTING PERSON  
         
        KINGFISHERS, LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         2,100,939  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          2,100,939  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        2,100,939  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        Less than one percent  
  12   TYPE OF REPORTING PERSON  
         
        PN  

  

6

CUSIP No. G3402M102

 

  1   NAME OF REPORTING PERSON  
         
        KINGSTOWN CAPITAL PARTNERS, LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         8,046,967  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          8,046,967  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        8,046,967  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        3.6%  
  12   TYPE OF REPORTING PERSON  
         
        OO  

  

7

CUSIP No. G3402M102

 

  1   NAME OF REPORTING PERSON  
         
        KINGSTOWN CAPITAL MANAGEMENT L.P.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         12,000,000  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          12,000,000  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        12,000,000  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        5.4%  
  12   TYPE OF REPORTING PERSON  
         
        PN  

  

8

CUSIP No. G3402M102

 

 
  1   NAME OF REPORTING PERSON  
         
      KINGSTOWN MANAGEMENT GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         12,000,000  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          12,000,000  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        12,000,000  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        5.4%  
  12   TYPE OF REPORTING PERSON  
         
        OO  

  

9

CUSIP No. G3402M102

 

  1   NAME OF REPORTING PERSON  
         
        MICHAEL BLITZER  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         12,000,000  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          12,000,000  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        12,000,000  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        5.4%  
  12   TYPE OF REPORTING PERSON  
         
        IN  

  

10

CUSIP No. G3402M102

 

  1   NAME OF REPORTING PERSON  
         
        GUY SHANON  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         -0-  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         12,000,000  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          -0-  
    8   SHARED DISPOSITIVE POWER  
           
          12,000,000  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        12,000,000  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        5.4%  
  12   TYPE OF REPORTING PERSON  
         
        IN  

  

11

CUSIP No. G3402M102

Item 1(a).Name of Issuer:

FGL Holdings, a Cayman Islands exempted company (the “Issuer”).

Item 1(b).Address of Issuer’s Principal Executive Offices:

4th Floor, Boundary Hall, Cricket Square,Grand Cayman, Cayman Islands, KY1-1102

Item 2(a).Name of Person Filing:

This statement is filed by Kingstown Capital Management L.P., a Delaware limited partnership (“Kingstown Capital”), Kingstown Management GP LLC, a Delaware limited liability company (“Kingstown Management”), Kingstown Capital Partners, LLC, a Delaware limited liability company (“General Partner”), Kingstown Partners Master Ltd., a Cayman Islands corporation (“Master Fund”), Kingstown Partners II, L.P., a Delaware limited partnership (“Fund II”), Ktown, LP, a Delaware limited partnership (“Ktown”), Kingstown 1740 Fund LP, a Delaware limited partnership (“Kingstown 1740”), Kingfishers LP, a Delaware limited partnership (“Kingfishers” and together with Master Fund, Fund II, Ktown and Kingstown 1740, the “Funds”), Michael Blitzer and Guy Shanon. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

General Partner is the general partner of each of Fund II, Ktown, Kingstown 1740 and Kingfishers. By virtue of this relationship, General Partner may be deemed to beneficially own the Shares (as defined below) owned in the aggregate by Fund II, Ktown, Kingstown 1740 and Kingfishers. Kingstown Capital is the investment manager of each of the Funds. Kingstown Management is the general partner of Kingstown Capital. Each of Mr. Blitzer and Mr. Shanon is a managing member of Kingstown Management. By virtue of these relationships, each of General Partner, Kingstown Capital, Kingstown Management, Mr. Blitzer and Mr. Shanon may be deemed to beneficially own the Shares (as defined below) owned by the Funds.

Item 2(b).Address of Principal Business Office or, if none, Residence:

The principal business address of each of General Partner, Kingstown Capital, Kingstown Management, Fund II, Ktown, Kingstown 1740, Kingfishers, Michael Blitzer and Guy Shanon is 34 East 51st Street, 5th Floor, New York, NY 10022. The principal business address of Master Fund is c/o Intertrust Corporate Services, 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands.

Item 2(c).Citizenship:

Kingstown Capital, Kingstown Management, General Partner, Fund II, Ktown, Kingstown 1740 and Kingfishers are organized under the laws of the State of Delaware. Master Fund is organized under the laws of the Cayman Islands. Messrs. Blitzer and Shanon are citizens of the United States of America.

12

CUSIP No. G3402M102

Item 2(d).Title of Class of Securities:

Ordinary Shares, par value $0.0001 per share (the “Shares”)

Item 2(e).CUSIP Number:

G3402M102

Item 3.If this statement is filed pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
    /_/ Not Applicable
  (a) /_/ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
  (b) /_/ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c) /_/ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d) /_/ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
  (e) /X/ Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E).
  (f) /_/ Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F).
  (g) /_/ Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G).
  (h) /_/ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
  (i) /_/ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3).
  (j) /_/ Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J).
  (k) /_/ Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).

 

13

CUSIP No. G3402M102

Item 4.Ownership.

All ownership information reported in this Item 4 is as of the close of business on May 13, 2020. All percentage ownership is based on 221,972,605 Shares outstanding, which is the total number of shares outstanding as of May 4, 2020 as reported in the Issuer’s Form 10-Q for the period ended March 31, 2020 and filed on May 6, 2020.

Master Fund

(a)Amount beneficially owned:

3,953,033 Shares

(b)Percent of class:

1.8%

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

3,953,033 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

3,953,033 Shares

14

CUSIP No. G3402M102

Fund II

(a)Amount beneficially owned:

2,794,668 Shares

(b)Percent of class:

1.3%

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

2,794,668 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

2,794,668 Shares

15

CUSIP No. G3402M102

Ktown

(a)Amount beneficially owned:

1,656,545 Shares

(b)Percent of class:

Less than one percent

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

1,656,545 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

1,656,545 Shares

16

CUSIP No. G3402M102

Kingstown 1740

(a)Amount beneficially owned:

1,494,815 Shares

(b)Percent of class:

Less than one percent

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

1,494,815 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

1,494,815 Shares

17

CUSIP No. G3402M102

Kingfishers

(a)Amount beneficially owned:

2,100,939 Shares

(b)Percent of class:

Less than one percent

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

2,100,939 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

2,100,939 Shares

18

CUSIP No. G3402M102

General Partner

(a)Amount beneficially owned:

8,046,967 Shares

(b)Percent of class:

3.6%

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

8,046,967 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

8,046,967Shares

19

CUSIP No. G3402M102

Kingstown Capital

(a)Amount beneficially owned:

12,000,000 Shares

(b)Percent of class:

5.4%

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

12,000,000 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

12,000,000 Shares

20

CUSIP No. G3402M102

Kingstown Management

(a)Amount beneficially owned:

12,000,000 Shares

(b)Percent of class:

5.4%

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

12,000,000 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

12,000,000 Shares

21

CUSIP No. G3402M102

Mr. Blitzer

(a)Amount beneficially owned:

12,000,000 Shares

(b)Percent of class:

5.4%

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

12,000,000 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

12,000,000 Shares

22

CUSIP No. G3402M102

Mr. Shanon

(a)Amount beneficially owned:

12,000,000 Shares

(b)Percent of class:

5.4 %

(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote

0 Shares

(ii)Shared power to vote or to direct the vote

12,000,000 Shares

(iii)Sole power to dispose or to direct the disposition of

0 Shares

(iv)Shared power to dispose or to direct the disposition of

12,000,000 Shares

General Partner is the general partner of each of the Fund II, Ktown, Kingstown 1740 and Kingfishers. By virtue of this relationship, General Partner may be deemed to beneficially own the Shares owned in the aggregate by Fund II, Ktown, Kingstown 1740 and Kingfishers. Kingstown Capital is the investment manager of each of the Funds. Kingstown Management is the general partner of Kingstown Capital. Each of Mr. Blitzer and Mr. Shanon is a managing member of Kingstown Management. By virtue of these relationships, each of General Partner, Kingstown Capital, Kingstown Management, Mr. Blitzer and Mr. Shanon may be deemed to beneficially own the Shares owned by the Funds.

The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not directly owned by such Reporting Person.

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CUSIP No. G3402M102

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 of securities, check the following [__].

Item 6.Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.Identification and Classification of Members of the Group.

See Exhibit 99.1

Item 9.Notice of Dissolution of Group.

Not Applicable.

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.

 

24

CUSIP No. G3402M102

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: May 15, 2020 KINGSTOWN CAPITAL MANAGEMENT L.P.
   
  By: Kingstown Management GP LLC
    its general partner
   
   
  By:

/s/ Michael Blitzer

   

Michael Blitzer

Managing Member

 

 

  KINGSTOWN PARTNERS II, L.P.
   
  By: Kingstown Capital Partners, LLC
    its general partner
   
   
  By:

/s/ Michael Blitzer

   

Michael Blitzer

Managing Member

 

 

  KTOWN, LP
   
  By: Kingstown Capital Partners, LLC
    its general partner
   
   
  By:

/s/ Michael Blitzer

   

Michael Blitzer

Managing Member

 

 

  KINGSTOWN 1740 FUND LP
   
  By: Kingstown Capital Partners, LLC
    its general partner
   
   
  By:

/s/ Michael Blitzer

   

Michael Blitzer

Managing Member

 

 

25

CUSIP No. G3402M102

  KINGFISHERS, LP
   
  By: Kingstown Capital Partners, LLC
    its general partner
   
   
  By:

/s/ Michael Blitzer

   

Michael Blitzer

Managing Member

 

 

  KINGSTOWN MANAGEMENT GP LLC
   
   
  By:

/s/ Michael Blitzer

   

Michael Blitzer

Managing Member

 

 

  KINGSTOWN CAPITAL PARTNERS, LLC
   
   
  By:

/s/ Michael Blitzer

   

Michael Blitzer

Managing Member

 

 

  KINGSTOWN PARTNERS MASTER LTD.
   
   
  By:

/s/ Michael Blitzer

   

Michael Blitzer

Director

 

 

 

/s/ Michael Blitzer

  MICHAEL BLITZER

 

 

 

/s/ Guy Shanon

  GUY SHANON

26