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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SC 13G/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
FORTRESS TRANSPORTATION & INTFRASTRUCTURE INVESTORS LLC
--------------------------------------------------------
(NAME OF ISSUER)
COMMON SHARES
--------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
34960P101
--------------------------------------------------------
(CUSIP NUMBER)
April 3, 2020(1)
--------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] 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 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).
SCHEDULE 13G
CUSIP No. 34960P101
1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(entities only)
THE WASHINGTON STATE INVESTMENT BOARD
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(see instructions) (b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 11,785,779
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 0
PERSON WITH 7 SOLE DISPOSITIVE POWER
11,785,779
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,785,779
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.9%
12 TYPE OF REPORTING PERSON (See Instructions)
EP
SCHEDULE 13G
This statement on Schedule 13G (this "Statement") is being filed by
The Washington State Investment Board ("WSIB") and relates to the Common Shares
(the "Common Stock") of Fortress Transportation & Infrastructure
Investors LLC (the "Issuer"). WSIB invests government pension funds and has
discretionary authority with respect to the investments of, and acts as
agent for, its beneficiary, the state of Washington. The Common Stock reported
in this Statement as beneficially owned by WSIB is held in WSIB's accounts.
The filing of this Statement, however, shall not be construed as an admission
that WSIB (or any of its principals) is, for purposes of Section 13 of the
Exchange Act, the beneficial owner of such securities.
ITEM 1(A). NAME OF ISSUER:
Fortress Transportation & Infrastructure Investors LLC
ITEM 1(B). ADDRESS OF ISSUER'S PRINICPAL OFFICES:
1345 Avenue of the Americas
New York, NY 10105
United States
ITEM 2(A). NAME OF PERSON FILING:
Washington State Investment Board
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
2100 Evergreen Park Dr SW
PO Box 40916
Olympia, WA 98504
United States
ITEM 2(C). CITIZENSHIP:
United States
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Shares
ITEM 2(E). CUSIP NUMBER:
34960P101
ITEM 3. THIS SATEMENT IS BEING FILED PURSUANT TO RULE 13(d)-1(b)
BECAUSE THE REPORTING PERSON FILING IS AS FOLLOWS:
(a) [ ] Broker or dealer registered under section 15
of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E).
(f) [X] An employee benefit plan or endowment fund in
accordance with ss.240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with ss.240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings associations as defined in Section 3(b)
of the Federal Deposit Insurance Act
(12 U.S.C. 1813).
(i) [ ] 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).
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant toss.240.13d-1(c), check this
box [ ].
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: 11,785,779
(b) Percent of class: 13.9%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
11,785,779
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct
the disposition of:
11,785,779
(iv) Shared power to dispose or to direct
the disposition of:
0
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.
ITEM 10. CERTIFICATION
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.
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 April 29, 2020
The Washington State Investment Board
BY: /s/ Elizabeth Smith
---------------------------------
Name: Elizabeth Smith
Title: Investment Compliance Officer
(1) The WSIB is voluntarily filing this amendment earlier than required.