Sec Form 13G Filing - Governors Lane LP filing for Saban Capital Acquisition Corp. (SCAC) - 2020-02-14

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Saban Capital Acquisition Corp.

 

 

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

 

 

*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).

 

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Item 1.	(a) Name of Issuer
	Saban Capital Acquisition Corp.
	(b) Address of Issuer’s Principal Executive Offices
	10100 Santa Monica Boulevard, 26th Floor Los Angeles, CA 90067
Item 2.	(a) Name of Person Filing
	This statement is being filed by (i) Governors Lane Master Fund LP, (ii) Governors Lane LP, (iii) Governors Lane Fund General Partner LLC, and (iv) Isaac Corre. Governors Lane LP serves as discretionary investment manager to Governors Lane Master Fund LP. Governors Lane Fund General Partner LLC is the general partner of Governors Lane Master Fund LP. Mr. Corre is the chief executive officer of Governors Lane LP and the managing member of Governors Lane Fund General Partner LLC.
	(b) Address of Principal Business Office or, if none, Residence
	The address of the principal business office of Governors Lane LP is 510 Madison Avenue, 11th Floor, New York, NY 10022. The address of the principal business office of the remaining Reporting Persons is c/o Governors Lane LP, 510 Madison Avenue, 11th Floor, New York, NY 10022.
	(c) Citizenship
		(i)    Governors Lane Master Fund LP is a Cayman Islands exempted limited partnership. (ii)   Governors Lane LP is a Delaware limited partnership. (iii)  Governors Lane Fund General Partner LLC is a Delaware limited liability company. (iv)  Isaac Corre is a United States citizen.
	(d) Title of Class of Securities
	Class A Ordinary Shares, par value $0.0001 per share, referred to herein as the “Class A Ordinary Shares.”
	(e) CUSIP No.
	78516C106

 

 

 

 

Item 4.	Ownership
	(a) Amount Beneficially Owned:  See Row 9 of the cover sheet for each Reporting Person.
	(b) Percent of Class:  See Row 11 of the cover sheet for each Reporting Person.
	(c) Number of shares as to which the person has:
	(i)   Sole power to vote or to direct the vote: (ii)  Shared power to vote or to direct the vote: (iii) Sole power to dispose or to direct the disposition of: (iv) Shared power to dispose or to direct the disposition of:   See Rows 5-8 of the cover sheet for each Reporting Person. The percentages used in this filing are calculated based upon 21,157,776 Class A Ordinary Shares outstanding, as reported in the Registration Statement on Form 10-K filed by the Issuer on April 1, 2019.

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 box ☒.
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
	Not applicable.
Item 9.	Notice of Dissolution of Group
	Not applicable.
Item 10.	Certification
	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.

 

 

 

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 14, 2020

 

 

 

EXHIBIT 1

 

JOINT FILING AGREEMENT

PURSUANT TO RULE 13d-1(k)

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

DATE: February 14, 2020

 

 

 

 

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