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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
loanDepot, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
53946R106
(CUSIP Number)
December 31, 2021
(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)
* | The remainder of this cover page shall be filled out for a reporting persons 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).
1. |
Names of Reporting Persons
PCP Managers GP, LLC | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (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
0 | ||||
6. | Shared Voting Power
104,228,828 | |||||
7. | Sole Dispositive Power
0 | |||||
8. | Shared Dispositive Power
104,228,828 |
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
104,228,828 | |||||
10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11. | Percent of Class Represented By Amount in Row (9)
83.89% | |||||
12. | < td valign="top" colspan="5" style="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> |
(1) | Represents (i) 3,813,271 shares of Class A Common Stock and (ii) 100,415,557 shares of Class A Common Stock issuable in respect of (a) 3,388,886 shares of Class C Common Stock (Class C Common Stock), convertible (together with an equal number of units of LD Holdings Group LLC (Units)) into Class A Common Stock on a one-to-one basis at the election of the Reporting Person(s) and (b) 97,026,671 shares of Class D Common Stock (Class D Common Stock) which are convertible into shares of Class A Common Stock on a one-for-one basis at the election of the Reporting Person(s). |
(2) | Calculated based on (i) 20,019,448 Class A Common Stock shares outstanding as of September 30, 2021 as reported on the Issuers Form 10-Q, filed on November 12, 2021 and (ii) 100,415,557 Shares of Class A Common Stock issuable in respect of the shares of Class C Common Stock (and Units) and Class D Common Stock beneficially owned by the Reporting Persons. If such calculation were based on the assumption that all Class C shares and all of the Issuers Class D shares that are convertible (together with an equivalent number of Common Units) at any time on a one-for-one basis into shares of Class A Common Stock of the Issuer, were converted into Class A Shares, the Reporting Persons beneficial ownership would be 33.72%. |
1. |
Names of Reporting Persons
Brian P. Golson | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (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
0 | ||||
6. | Shared Voting Power
104,228,828 | |||||
7. | Sole Dispositive Power
0 | |||||
8. | Shared Dispositive Power
104,228,828 |
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
104,228,828 | |||||
10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11. | Percent of Class Represented By Amount in Row (9)
83.89% | |||||
12. | Type of Reporting Person (See Instructions)
OO |
(1) | Represents (i) 3,813,271 shares of Class A Common Stock and (ii) 100,415,557 shares of Class A Common Stock issuable in respect of the shares of Class C Common Stock (and Units) and Class D Common Stock beneficially owned by the Reporting Persons. |
(2) | Calculated based on (i) 20,019,448 Class A Common Stock shares outstanding as of September 30, 2021 as reported on the Issuers Form 10-Q, filed on November 12, 2021 and (ii) 100,415,557 Shares of Class A Common Stock issuable in respect of the shares of Class C Common Stock (and Units) and Class D Common Stock beneficially owned by the Reporting Persons. If such calc ulation were based on the assumption that all Class C shares and all of the Issuers Class D shares that are convertible (together with an equivalent number of Common Units) at any time on a one-for-one basis into shares of Class A Common Stock of the Issuer, were converted into Class A Shares, the Reporting Persons beneficial ownership would be 33.72%. |
1. |
Names of Reporting Persons
David J. Ament | |||||
2. | Check The Appropriate Box if a Member of a Group (See Instructions) (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
0 | ||||
6. | Shared Voting Power
104,228,828 | |||||
7. | Sole Dispositive Power
0 | |||||
8. | Shared Dispositive Power
104,228,828 |
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
104,228,828 | |||||
10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11. | Percent of Class Represented By Amount in Row (9)
83.89% | |||||
12. | Type of Reporting Person (See Instructions)
OO |
(1) | Represents (i) 3,813,271 shares of Class A Common Stock and (ii) 100,415,557 shares of Class A Common Stock issuable in respect of the shares of Class C Common Stock (and Units) and Class D Common Stock beneficially owned by the Reporting Persons. |
(2) | Calculated based on (i) 20,019,448 Class A Common Stock shares outstanding as of September 30, 2021 as reported on the Issuers Form 10-Q, filed on November 12, 2021 and (ii) 100,415,557 Shares of Class A Common Stock issuable in respect of the shares of Class C Common Stock (and Units) and Class D Common Stock beneficially owned by the Reporting Persons. If such calculation were based on the assumption that all Class C shares and all of the Issuers Class D shares that are convertible (together with an equivalent number of Common Units) at any time on a one-for-one basis into shares of Class A Common Stock of the Issuer, were converted into Class A Shares, the Reporting Persons beneficial ownership would be 33.72%. |
Item 1(a). | Name of Issuer |
loanDepot, Inc.
Item 1(b). | Address of the Issuers Principal Executive Offices |
26642 Towne Centre Drive
Foothill Ranch, CA 92610
Item 2(a). | Names of Persons Filing |
(i) | PCP Managers GP, LLC |
(ii) | Brian P. Golson |
(iii) | David J. Ament |
Item 2(b). | Address of the Principal Business Office, or if none, Residence: |
Four Embarcadero Center, Suite 3610
San Francisco, CA 94111
Item 2(c). | Citizenship |
See responses to Item 4 on each cover page.
Item 2(d). | Title of Class of Securities |
Class A Common Stock
Item 2(e). | CUSIP Number |
53946R106
Item 3. | If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n): |
Not Applicable.
Item 4. | Ownership |
(a) | Amount beneficially owned: 104,224,828 |
(b) | Percent of Class: 83.89% |
(c) | Number of shares as to which the Reporting Person has: |
(i) | Sole power to vote or to direct the vote: |
See responses to Item 5 on each cover page.
(ii) | Shared power to vote or to direct the vote: |
See responses to Item 6 on each cover page.
(iii) | Sole power to dispose or to direct the disposition of: |
See responses to Item 7 on each cover page.
(iv) | Shared power to dispose or to direct the disposition of: |
See responses to Item 8 on each cover page.
The reported securities are directly or indirectly held by funds and entities managed or controlled by the Reporting Persons, including: Parthenon Investors III, L.P., Parthenon Investors IV, L.P., Parthenon Capital Partners Fund, L.P., Parthenon Capital Partners Fund II, L.P., PCAP Partners III, LLC, PCP Partners IV, L.P. and PCP Managers, L.P. (together, the Parthenon Investors). PCP Managers GP, LLC directly or indirectly exercises investment control with respect to each of the Parthenon Investors. Brian P. Golson and David J. Ament are Managing Partners of, and exercise decision-making power with respect to, PCP Managers GP, LLC, and therefore have voting and investment control over the reported securities. As such, each of the Reporting Persons may be deemed to beneficially own the reported securities. Notwithstanding the foregoing, this Statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by this Statement.
Item 5. | Ownership of Five Percent or Less of a Class |
Not Applicable.
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 |
Not Applicable.
Item 8. | Identification and Classification of Members of the Group |
Not Applicable.
Item 9. | Notice of Dissolution of Group |
Not Applicable.
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 11, 2022
PCP MANAGERS GP, LLC | ||
By: | /s/ Brian P. Golson | |
Name: Brian P. Golson | ||
Title: Managing Member |
EXHIBIT LIST
Exhibit A | Joint Filing Agreement, dated as of February 11, 2022 |