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
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
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Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934 (Amendment No. 1)* |
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LEO HOLDINGS CORP.
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(Name of Issuer)
Class A ordinary shares, par value $0.0001
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(Title of Class of Securities)
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G5463L105
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(CUSIP Number)
December 31, 2020
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this schedule is filed:
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[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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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.
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. G5463L105
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1. .
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Westchester Capital Management, LLC
27-3790558
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2. .
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [X]
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3. .
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SEC USE ONLY
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4. .
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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 |
5.
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SOLE VOTING POWER
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0
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6.
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SHARED VOTING POWER
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None
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7.
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SOLE DISPOSITIVE POWER
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0
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8.
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SHARED DISPOSITIVE POWER
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None
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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[ ]
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0%*
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12.
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TYPE OF REPORTING PERSON
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IA
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* The shares previously reported by Westchester Capital Management, LLC (“WCM”) on Schedule 13G were sold. This percentage is calculated as of the close of
business on December 31, 2020, at which point WCM no longer held shares of Common Stock of the Issuer.
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CUSIP No. G5463L105
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Item 1(a).
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Name of Issuer
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The name of the issuer to which this filing on Schedule 13G relates is Leo Holdings Corp. (the “Company”).
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Item 1(b).
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Address of Issuer’s Principal Executive Offices
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The principal executive offices of the Company are located at 21 Grosvenor Place London, SW1X 7HF.
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Item 2(a).
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Name of Person Filing
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This statement is being filed by Westchester Capital Management, LLC ("WCM"), a Delaware limited liability company
(the “Reporting Person”).
WCM, a registered investment adviser, serves as (a) investment advisor to each of The Merger Fund (“MF”), The Merger
Fund VL ("MF VL") and (b) sub-advisor to Westchester Merger Arbitrage Strategy sleeve (“JARB”) and JNL/Westchester Capital Event Driven Fund (JNA2) ("JNL", together with MF, MF VL and JARB, the "Funds"). The Funds directly hold ordinary shares for
the benefit
of the investors in those Funds. Mr. Roy Behren and Mr. Michael T. Shannon each serve as Co-Presidents of WCM. Messrs. Behren and Shannon are indirect principal owners of WCM and may control WCM.
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Item 2(b).
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Address or Principal Business Office or, if none, Residence:
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100 Summit Drive, Valhalla, NY 10595
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Item 2(c).
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Citizenship
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WCM is organized under the laws of the State of Delaware.
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Item 2(d).
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Title of Class of Securities
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The class of equity securities of the Company to which this filing on Schedule 13G relates is Class A ordinary shares,
par value $0.0001 per share (“Ordinary Shares”).
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Item 2(e).
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CUSIP Number
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The CUSIP number for the Ordinary Shares is G5463L105.
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Item 3.
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If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c).
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(c)
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[ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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[ ] Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C. 80a-8).
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(e)
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[X] An investment adviser in accordance with §13d-1(b)(1)(ii)(E).
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(f)
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[ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
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(g)
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[ ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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(h)
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[ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(i)
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[ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3).
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(j)
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[ ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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[ ] If this statement is filed pursuant to §240.13d-1(c), check this box.
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CUSIP No. G5463L105
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Item 4.
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Ownership
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The information set forth in Rows 5 through 11 of the cover pages to this Schedule 13G is incorporated herein by
reference. WCM as (a) investment advisor to each of MF and MF VL and (b) the sub-advisor to JARB and JNL may be deemed to beneficially own shares of Ordinary Shares
held by MF, MF VL, JARB and JNL. Messrs. Behren and Shannon each serve as Co-Presidents of WCM. By virtue of these relationships, WCM and Messrs. Behren and
Shannon may be deemed to beneficially own the Ordinary Shares held by the Funds, however, each of the Reporting Person and Messrs. Behren and Shannon disclaim beneficial ownership of such shares of Ordinary Shares, except to the extent of their
pecuniary interest therein. The filing of this Statement shall not be construed as an admission that the Reporting Person and Messrs. Behren and Shannon are, for the purpose of Section 13(g) of the Act, the beneficial owner of such shares held by
the Funds.
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Item 5.
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Ownership of Five Percent or Less of a Class
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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 [X].
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not Applicable.
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Item 7.
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Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the Parent Holding Company:
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Not Applicable.
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Item 8.
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Identification and Classification of Members of the Group
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Not Applicable.
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Item 9.
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Notice of Dissolution of Group
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Not Applicable.
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Item 10.
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Certification
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under §240.14a-11.
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CUSIP No. G5463L105
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.
Dated: February 12, 2021
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WESTCHESTER CAPITAL MANAGEMENT, LLC
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By:
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/s/ Bruce Rubin
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Name:
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Bruce Rubin
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Title:
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Authorized Person
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