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School Specialty Inc. Message Board

  • johnlegend1970 johnlegend1970 Jan 31, 2013 6:42 AM Flag

    Positive news about the Statement of changes in beneficial ownership...

    Anybody read the Statement of changes in beneficial ownership? 3 investors bought a 10 percent ownership in shares. One of the investors is Michael Dell. Good news. If there was nothing here to earn they wouldn't invest. I'm looking forward what will hapen to the stock today after bringing out this information. Up we go!

    Sentiment: Strong Buy

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    • 10% each, or total? You know that 79% of ownership is institutional. So if you are not making this up, show some proof.

      • 1 Reply to uredaddybewho
      • Source ihub..

        Statement of Changes in Beneficial Ownership (4)

        FORM 4
        [ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
        UNITED STATES SECURITIES AND EXCHANGE COMMISSION
        Washington, D.C. 20549
        STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

        OMB APPROVAL
        OMB Number: 3235-0287
        Estimated average burden
        hours per response... 0.5

        Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

        1. Name and Address of Reporting Person *
        MSD CAPITAL L P 2. Issuer Name and Ticker or Trading Symbol
        SCHOOL SPECIALTY INC [ SCHS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
        _____ Director __ X __ 10% Owner
        _____ Officer (give title below) _____ Other (specify below)
        (Last) (First) (Middle)
        645 FIFTH AVENUE, 21ST FLOOR, 3. Date of Earliest Transaction (MM/DD/YYYY)
        1/28/2013
        (Street)
        NEW YORK, NY 10022
        (City) (State) (Zip)
        4. If Amendment, Date Original Filed (MM/DD/YYYY)

        6. Individual or Joint/Group Filing (Check Applicable Line)
        ___ Form filed by One Reporting Person
        _ X _ Form filed by More than One Reporting Person

        Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
        1.Title of Security
        (Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
        (Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
        (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
        (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
        Code V Amount (A) or (D) Price
        Common Stock, par value $0.001 per share 1/28/2013 S 2135000 D $.1318 (1) 749499 I See footnotes (3) (4) (5)
        Common Stock, par value $0.001 per share 1/29/2013 S 749499 D $.1391 (2) 0 I See footnotes (3) (4) (5)

        Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
        1. Title of Derivate Security
        (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
        (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
        (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
        (Instr. 3 and 4) 8. Price of Derivative Security
        (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
        Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
        Explanation of Responses:
        ( 1) This transaction was executed in multiple trades on January 28, 2013 at prices ranging from $0.1200 to $0.1605. The price reported reflects the weighted average sales price. The reporting persons hereby undertake to provide to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of securities sold at each separate price.
        ( 2) This transaction was executed in multiple trades on January 29, 2013 at prices ranging from $0.1120 to $0.1648. The price reported reflects the weighted average sales price. The reporting persons hereby undertake to provide to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of securities sold at each separate price.
        ( 3) This statement is jointly filed by and on behalf of each of MSD Capital, L.P. ("MSD Capital"), MSD SBI, L.P. ("MSD SBI") and Michael S. Dell. MSD Capital is the general partner of MSD SBI and may be deemed to beneficially own securities owned by MSD SBI. MSD Capital Management LLC ("MSD Capital Management") is the general partner of MSD Capital and may be deemed to beneficially own securities owned by MSD Capital. Each of Glenn R. Fuhrman, John C. Phelan and Marc R. Lisker is a manager of MSD Capital Management and may be deemed to beneficially own securities owned by MSD Capital Management. Michael S. Dell is the controlling member of MSD Capital Management and may be deemed to beneficially own securities owned by MSD Capital Management. Each of Messrs. Dell, Fuhrman, Phelan and Lisker disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein.
        ( 4) Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
        ( 5) Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for purposes of Section 13(d) or 13(g) of the Act. Each reporting person 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 Act or any other purpose, a member of a group with respect to the issuer or securities of the issuer.

        Reporting Owners
        Reporting Owner Name / Address
        Relationships
        Director 10% Owner Officer Other
        MSD CAPITAL L P
        645 FIFTH AVENUE, 21ST FLOOR
        NEW YORK, NY 10022
        X

        MSD SBI LP
        645 FIFTH AVENUE, 21ST FLOOR
        NEW YORK, NY 10022
        X

        DELL MICHAEL S
        C/O DELL INC.
        ONE DELL WAY
        ROUND ROCK, TX 78682
        X

        Signatures
        MSD Capital, L.P. By: MSD Capital Management LLC Its: General Partner By: /s/ Marc R. Lisker Name: Marc R. Lisker Title: Manager and General Counsel 1/30/2013
        ** Signature of Reporting Person Date
        MSD SBI, L.P. By: MSD Capital, L.P. Its: General Partner By: MSD Capital Management LLC Its: General Partner By: /s/ Marc R. Lisker Name: Marc R. Lisker Title: Manager and General Counsel 1/30/2013
        ** Signature of Reporting Person Date
        Michael S. Dell By: /s/ Marc R. Lisker Name: Marc R. Lisker Title: Attorney-in-Fact 1/30/2013
        ** Signature of Reporting Person Date

        Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
        * If the form is filed by more than one reporting person, see Instruction 4(b)(v).
        ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
        Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
        Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

        Sentiment: Strong Buy

    • Get a life.
      You mean he sold his stake, totally 3 million shares.

      You better sell them too, because equity here is worthless.

 
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