Sec Form 13G Filing - Schonfeld Strategic Advisors LLC filing for CLEARWATER PAPER CORP (CLW) - 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.
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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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) *

 

Clearwater Paper Corp.

(Name of Issuer)

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

18538R103

(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)

 

(Page 1 of 7 Pages) 

__________________________________________

* 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 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. 18538R103 13G Page 2 of 7 Pages

 

1.

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Schonfeld Strategic Advisors 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

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5.

SOLE VOTING POWER

 

197,629 (1)

 
6.

SHARED VOTING POWER

 

3,560 (1)

 

7.

 

SOLE DISPOSITIVE POWER

 

197,629 (1)

 

8.

 

SHARED DISPOSITIVE POWER

 

3,560 (1)

 

9.

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

201,189 (1)

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT I N ROW 9

 

1.21%

12.

TYPE OF REPORTING PERSON*

 

IA

 _________                            

(1) Comprised of an aggregate of 485,014 shares of common stock and options to purchase 350,000 shares of common stock.

   

CUSIP No. 18538R103 13G Page 3 of 7 Pages

 

Item 1(a). Name of Issuer:
   
 

Clearwater Paper Corp.

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

601 West Riverside Avenue, Suite 1100

Spokane, WA 99201

   
Item 2(a). Name of Person Filing:
   
 

Schonfeld Strategic Advisors LLC (“Schonfeld”) is an investment adviser to several private funds. Schonfeld also engages third party sub-advisers to manage assets of its private funds as separately managed accounts (the “Schonfeld SMAs”). Accordingly, Schonfeld may be deemed to indirectly beneficially own securities owned by the Schonfeld SMAs. Each Schonfeld SMA is the record and direct beneficial owner of a portion of the securities covered by this statement. Schonfeld declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or any other purpose, the beneficial owner of any securities covered by this statement.

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

460 Park Avenue, New York, New York, 10022

   
Item 2(c). Citizenship:
   
 

Delaware limited liability company

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

Common Stock, par value $0.0001 per share

   
Item 2(e). CUSIP Number:
   
 

18538R103

     
Item 3.

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

   
(a)

Broker or dealer registered under Section 15 of the Exchange Act.

     
(b) Bank as defined in Section 3(a)(6) of the Exchange Act.

 

(c)

Insurance company as defined in Section 3(a)(19) of the Exchange Act.

 

CUSIP No. 18538R103 13G Page 4 of 7 Pages

  

(d)

Investment company registered under Section 8 of the Investment Company Act.

     
(e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
     
(f)

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

     
(g)

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

     

(h)

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

     
(i)

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;

     
(j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
     
(k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: __________________________________________

 

Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)Amount beneficially owned**: 201,189 shares

 

(b)Percent of class**: 1.21%

 

(c)Number of shares as to which such person has**:

 

(i)Sole power to vote or to direct the vote

 

197,629 shares

 

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

 

3,560 shares

 

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

 

197,629 shares

 

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

 

3,560 shares

 

**See footnote on cover page hereto, which is incorporated by reference herein.

  

CUSIP No. 18538R103 13G Page 5 of 7 Pages

 

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.
   

If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.

   
 

The securities held by each of the Schonfeld SMAs as to which this statement is filed are owned of record by clients of Schonfeld. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities.

   
Item 7.

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

   

If a parent holding company or Control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.

   
  N/A
   
Item 8. Identification and Classification of Members of the Group.
   

If a group has filed this schedule pursuant to ss.240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the identity of each member of the group.

   
  N/A
   
Item 9. Notice of Dissolution of Group.
   

Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.

   
  N/A

 

 

 

CUSIP No. 18538R103 13G Page 6 of 7 Pages

 

   
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, other than activities solely in connection with a nomination under § 240.14a-11."

 

CUSIP No. 18538R103 13G Page 7 of 7 Pages

 

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.

 

SCHONFELD STRATEGIC ADVISORS LLC

 

By: /s/ Thomas Wynn 

       Name: Thomas Wynn 

       Title: Chief Compliance Officer

 

Date: February 16, 2021