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"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
GameStop Corp.
(Name of Issuer)
Class A Common Stock, $0.001 par value per share
(Title of Class of Securities)
36467W109
(CUSIP Number)
Michael J. Burry
c/o Scion Asset Management, LLC
20665 4th Street, Suite 201
Saratoga, CA 95070
Telephone: (408) 441 8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 4, 2020
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule
13d-1(f) or Rule 13d-1(g), check the following box. □
______________________________
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.
* 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).
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CUSIP No. 36467W109
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SCHEDULE 13D |
Page 2 of 8 Pages |
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1
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NAMES OF REPORTING PERSONS
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SCION ASSET MANAGEMENT, LLC
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|||
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||||
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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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||
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(b)
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☐
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||||
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||||
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3
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SEC USE ONLY
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||
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|||
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||||
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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|||
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||||
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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||
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||||
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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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|||
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||||
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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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|||
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||||
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8
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SHARED VOTING POWER
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||
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2,801,929
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|||
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||||
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9
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SOLE DISPOSITIVE POWER
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0
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|||
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||||
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10
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SHARED DISPOSITIVE POWER
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2,801,929
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|||
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||||
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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||
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2,801,929
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|||
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||||
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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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||||
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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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4.3% (1)
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|||
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||||
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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||||
(1) This percentage is based on 64,582,006 Shares outstanding as of April 20, 2020, as reported in the Company’s definitive proxy statement on Schedule 14A filed with the SEC (defined herein) on
April 27, 2020.
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CUSIP No. 36467W109
|
SCHEDULE 13D |
Page 3 of 8 Pages |
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1
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NAMES OF REPORTING PERSONS
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SCION ASSET PARTNERS, LP
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||||
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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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||
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(b)
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☐
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||||
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||||
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3
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SEC USE ONLY
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|||
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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|||
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||||
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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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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|||
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
|
SOLE VOTING POWER
|
|
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|
0
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|
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|||
|
|
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||||
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8
|
SHARED VOTING POWER
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|
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||
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2,801,929
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|
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|||
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||||
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9
|
SOLE DISPOSITIVE POWER
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0
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|||
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|
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||||
|
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
2,801,929
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|
|
|||
|
|
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
2,801,929
|
|
|
|||
|
|
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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|
☐
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||
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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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4.3% (1)
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|||
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||||
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN, HC
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|||
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||||
(1) This percentage is based on 64,582,006 Shares outstanding as of April 20, 2020, as reported in the Company’s definitive proxy statement on Schedule 14A filed with the SEC (defined herein) on
April 27, 2020.
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CUSIP No. 36467W109
|
SCHEDULE 13D |
Page 4 of 8 Pages |
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1
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NAMES OF REPORTING PERSONS
|
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SCION CAPITAL GROUP, LLC
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|||
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|
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||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
|
(b)
|
☐
|
||||
|
|
|
||||
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3
|
SEC USE ONLY
|
|
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||
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|||
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|
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||||
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4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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|||
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||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
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||||
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||||
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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California
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|||
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
|
0
|
|
|
|||
|
|
|
||||
|
8
|
SHARED VOTING POWER
|
|
|
||
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2,801,929
|
|
|
|||
|
|
|
||||
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9
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
2,801,929
|
|
|
|||
|
|
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
2,801,929
|
|
|
|||
|
|
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
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|
||||
|
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
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4.3% (1)
|
|
|
|||
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|
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||||
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14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
|
OO, HC
|
|
|
|||
|
|
|
||||
(1) This percentage is based on 64,582,006 Shares outstanding as of April 20, 2020, as reported in the Company’s definitive proxy statement on Schedule 14A filed with the SEC (defined herein) on
April 27, 2020.
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CUSIP No. 36467W109
|
SCHEDULE 13D |
Page 5 of 8 Pages |
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
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MICHAEL J. BURRY
|
|
|
|||
|
|
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
|
(b)
|
☐
|
||||
|
|
|
||||
|
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|
|||
|
|
|
||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
|
AF
|
|
|
|||
|
|
|
||||
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
|
||||
|
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|
||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
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United States of America
|
|
|
|||
|
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|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
|
0
|
|
|
|||
|
|
|
||||
|
8
|
SHARED VOTING POWER
|
|
|
||
|
2,801,929
|
|
|
|||
|
|
|
||||
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
2,801,929
|
|
|
|||
|
|
|
||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
2,801,929
|
|
|
|||
|
|
|
||||
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
|
||||
|
|
|
||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
|
4.3% (1)
|
|
|
|||
|
|
|
||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
|
IN, HC
|
|
|
|||
|
|
|
||||
(1) This percentage is based on 64,582,006 Shares outstanding as of April 20, 2020, as reported in the Company’s definitive proxy statement on Schedule 14A filed with the SEC (defined herein) on
April 27, 2020.
|
CUSIP No. 36467W109
|
SCHEDULE 13D |
Page 6 of 8 Pages |
|
Item 1.
|
SECURITY AND ISSUER
|
|
Item 1 of the Schedule 13D is hereby amended and supplemented as follows:
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|
|
This Amendment No. 1 to Schedule 13D (“Amendment No. 1”) relates to shares of Class A Common Stock, $0.001 par value per share (the
“Shares”), of GameStop Corp., a Delaware corporation (the “Company” or the “Issuer”), and amends and supplements the initial statement on Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on
April 10, 2020 (collectively, the “Schedule 13D”). All capitalized terms not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D. Except as specifically provided herein, this Amendment No. 1 does not
modify any of the previous information reported in the Schedule 13D.
|
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Item 5.
|
INTEREST IN THE SECURITIES OF THE ISSUER
|
|
Item 5(a), (b), (c), and (e) of the Schedule 13D is hereby amended and supplemented as follows:
|
|
|
(a) Each of SAM, SAP, SCG, and Mr. Burry may be deemed to beneficially own 2,801,929 Shares, which equates to approximately 4.3% of the total number of Shares outstanding. This amount consists of (a) 1,753,546
Shares held for the account of Master, (b) 559,547 Shares held for the account of Value, and (c) 488,836 Shares held for the account of the SMA. The beneficial ownership percentages reported herein are based on 64,582,006 Shares outstanding
as of April 20, 2020, as reported in the Company’s definitive proxy statement on Schedule 14A filed with the SEC (defined herein) on April 27, 2020.
(b) Each of the Reporting Persons may be deemed to share voting and dispositive power over 2,801,929 Shares.
(c) Except for the transactions listed in Exhibit F hereto, all of which were effected in the open market through a broker, there have been no
transactions in the Shares by the Reporting Persons during the past 60 days.
(e) As of May 4, 2020, the Reporting Persons ceased to be the beneficial owner of more than 5% percent of the Shares.
|
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Item 7.
|
MATERIAL TO BE FILED AS EXHIBITS
|
|
Item 7 of the Schedule 13D is hereby amended and supplemented as follows:
|
|
|
Exhibit F
|
Schedule of Transactions, in response to Item 5(c)
|
|
CUSIP No. 36467W109
|
SCHEDULE 13D |
Page 7 of 8 Pages |
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and
correct.
Date: May 6, 2020
SCION ASSET MANAGEMENT, LLC
By: /s/ Michael J. Burry
Name: Michael J. Burry
Title: Chief Executive Officer
SCION ASSET PARTNERS, L.P.
By: SCION CAPITAL GROUP, LLC, its general partner
By: /s/ Michael J. Burry
Name: Michael J. Burry
Title: Managing Member
SCION CAPITAL GROUP, LLC
By: /s/ Michael J. Burry
Name: Michael J. Burry
Title: Managing Member
MICHAEL J. BURRY
/s/ Michael J. Burry
|
CUSIP No. 36467W109
|
SCHEDULE 13D |
Page 8 of 8 Pages |
EXHIBIT F
SCHEDULE OF TRANSACTIONS
|
Entity Name
|
Transaction
Date
|
Transaction
Type
|
Quantity
|
Price Per Share (excluding
commissions)
|
|
SMA
|
5/04/2020
|
Sell
|
50,050
|
$5.7504
|
|
Master
|
5/04/2020
|
Sell
|
192,814
|
$5.7504
|
|
Value
|
5/04/2020
|
Sell
|
55,056
|
$5.7504
|
|
SMA
|
5/05/2020
|
Sell
|
49,729
|
$5.4964
|
|
Master
|
5/05/2020
|
Sell
|
191,576
|
$5.4964
|
|
Value
|
5/05/2020
|
Sell
|
54,702
|
$5.4964
|
|
SMA
|
5/06/2020
|
Sell
|
696
|
$5.3038
|
|
Master
|
5/06/2020
|
Sell
|
2,682
|
$5.3038
|
|
Value
|
5/06/2020
|
Sell
|
766
|
$5.3038
|