SEC Form SC 13D/A filed by Paramount Group Inc. (Amendment)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934*
(Amendment No. 1)
Paramount Group, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
69924R108
(CUSIP Number)
Colin J. Daniels, Esq.
Monarch Alternative Capital LP
535 Madison Avenue
New York, NY 10022
Telephone: (212) 554-1700
With a copy to:
Neil Q. Whoriskey, Esq.
Scott W. Golenbock, Esq.
Milbank LLP
55 Hudson Yards
New York, New York 10001
(212) 530-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 4, 2022
(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), 13d-1(f) or 13d-1(g), check the following box. ☐
| * | 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, as amended (the “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 |
NAME OF REPORTING PERSON
Monarch Alternative Capital LP | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS
OO | |||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
| 8 | SHARED VOTING POWER
12,200,000 | |||||
| 9 | SOLE DISPOSITIVE POWER
0 | |||||
| 10 | SHARED DISPOSITIVE POWER
12,200,000 | |||||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,200,000 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.57%1 | |||||
| 14 | TYPE OF REPORTING PERSON
PN, IA | |||||
| 1 | Calculated based on 219,105,492 shares of the common stock, $0.01 par value, of Paramount Group, Inc., outstanding as of February 1, 2022, as reported in Paramount Group, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Securities and Exchange Commission on February 22, 2022. |
| 1 |
NAME OF REPORTING PERSON
MDRA GP LP | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS
OO | |||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
| 8 | SHARED VOTING POWER
12,200,000 | |||||
| 9 | SOLE DISPOSITIVE POWER
0 | |||||
| 10 | SHARED DISPOSITIVE POWER
12,200,000 | |||||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,200,000 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.57%2 | |||||
| 14 | TYPE OF REPORTING PERSON
PN, HC | |||||
| 2 | Calculated based on 219,105,492 shares of the common stock, $0.01 par value, of Paramount Group, Inc., outstanding as of February 1, 2022, as reported in Paramount Group, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Securities and Exchange Commission on February 22, 2022. |
| 1 |
NAME OF REPORTING PERSON
Monarch GP LLC | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS
OO | |||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
| 8 | SHARED VOTING POWER
12,200,000 | |||||
| 9 | SOLE DISPOSITIVE POWER
0 | |||||
| 10 | SHARED DISPOSITIVE POWER
12,200,000 | |||||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,200,000 | |||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.57%3 | |||||
| 14 | TYPE OF REPORTING PERSON
OO, HC | |||||
| 3 | Calculated based on 219,105,492 shares of the common stock, $0.01 par value, of Paramount Group, Inc., outstanding as of February 1, 2022, as reported in Paramount Group, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Securities and Exchange Commission on February 22, 2022. |
This Amendment No. 1 to Schedule 13D (this “Amendment No. 1”) is being filed with respect to the common stock, par value $0.01 per share (the “Shares”), of Paramount Group, Inc. (the “Issuer”), to amend the Schedule 13D filed on February 25, 2022 (the “Schedule 13D”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D.
ITEM 5. Interest in Securities of the Issuer.
Item 5(c) is hereby amended and restated to read as follows:
(c)
Annex A attached hereto sets forth all transactions with respect to the Shares effected by the Reporting Persons on behalf of the Monarch Funds and/or their respective subsidiaries in the 60 days prior to the filing of the Schedule 13D and is incorporated herein by reference. All transactions set forth on Annex A were effected in the open market and were sourced from the investment capital of each Monarch Fund and/or their respective subsidiaries, and the per share prices exclude any brokers’ commissions and other administrative costs.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: March 4, 2022
| Monarch Alternative Capital LP | ||
| By: | /s/ Michael Weinstock | |
| Name: Michael Weinstock | ||
| Title: Chief Executive Officer | ||
| MDRA GP LP | ||
| By: Monarch GP LLC, as general partner | ||
| By: | /s/ Michael Weinstock | |
| Name: Michael Weinstock | ||
| Title: Member | ||
| Monarch GP LLC | ||
| By: | /s/ Michael Weinstock | |
| Name: Michael Weinstock | ||
| Title: Member | ||
ANNEX A
| Reporting Person |
Trade Date |
Shares Purchased (Sold) |
Price per Share ($) | |||
| Monarch Alternative Capital LP |
12/30/2021 | 29,526.00 | 8.50 | |||
| Monarch Alternative Capital LP |
12/30/2021 | 19,211.00 | 8.50 | |||
| Monarch Alternative Capital LP |
12/30/2021 | 23,083.00 | 8.50 | |||
| Monarch Alternative Capital LP |
12/30/2021 | 86,704.00 | 8.50 | |||
| Monarch Alternative Capital LP |
12/30/2021 | 16,476.00 | 8.50 | |||
| Monarch Alternative Capital LP |
12/31/2021 | 1,577.00 | 8.41 | |||
| Monarch Alternative Capital LP |
12/31/2021 | 2,475.00 | 8.41 | |||
| Monarch Alternative Capital LP |
12/31/2021 | 2,162.00 | 8.41 | |||
| Monarch Alternative Capital LP |
12/31/2021 | 8,103.00 | 8.41 | |||
| Monarch Alternative Capital LP |
12/31/2021 | 5,683.00 | 8.41 | |||
| Monarch Alternative Capital LP |
1/3/2022 | 15,668.00 | 8.80 | |||
| Monarch Alternative Capital LP |
1/3/2022 | 82,343.00 | 8.80 | |||
| Monarch Alternative Capital LP |
1/3/2022 | 29,136.00 | 8.80 | |||
| Monarch Alternative Capital LP |
1/3/2022 | 22,415.00 | 8.80 | |||
| Monarch Alternative Capital LP |
1/3/2022 | 50,438.00 | 8.80 | |||
| Monarch Alternative Capital LP |
1/21/2022 | 68,335.00 | 8.71 | |||
| Monarch Alternative Capital LP |
1/21/2022 | 5,532.00 | 8.71 | |||
| Monarch Alternative Capital LP |
1/21/2022 | 19,395.00 | 8.71 | |||
| Monarch Alternative Capital LP |
1/21/2022 | 6,738.00 | 8.71 | |||
| Monarch Alternative Capital LP |
1/24/2022 | 74,240.00 | 8.53 | |||
| Monarch Alternative Capital LP |
1/24/2022 | 10,944.00 | 8.53 | |||
| Monarch Alternative Capital LP |
1/24/2022 | 20,166.00 | 8.53 | |||
| Monarch Alternative Capital LP |
1/24/2022 | 27,521.00 | 8.53 | |||
| Monarch Alternative Capital LP |
1/24/2022 | 102,798.00 | 8.53 | |||
| Monarch Alternative Capital LP |
1/24/2022 | 14,331.00 | 8.53 | |||
| Monarch Alternative Capital LP |
1/26/2022 | 7,775.00 | 8.56 | |||
| Monarch Alternative Capital LP |
1/26/2022 | 24,805.00 | 8.56 | |||
| Monarch Alternative Capital LP |
1/26/2022 | 13,572.00 | 8.56 | |||
| Monarch Alternative Capital LP |
1/26/2022 | 2,264.00 | 8.56 | |||
| Monarch Alternative Capital LP |
1/26/2022 | 30,187.00 | 8.56 | |||
| Monarch Alternative Capital LP |
1/26/2022 | 22,797.00 | 8.56 | |||
| Monarch Alternative Capital LP |
1/27/2022 | 54,327.00 | 8.54 | |||
| Monarch Alternative Capital LP |
1/27/2022 | 150,339.00 | 8.54 | |||
| Monarch Alternative Capital LP |
1/27/2022 | 64,291.00 | 8.54 | |||
| Monarch Alternative Capital LP |
1/27/2022 | 35,249.00 | 8.54 | |||
| Monarch Alternative Capital LP |
1/27/2022 | 5,343.00 | 8.54 | |||
| Monarch Alternative Capital LP |
1/27/2022 | 40,451.00 | 8.54 | |||
| Monarch Alternative Capital LP |
1/28/2022 | 66,574.00 | 8.36 | |||
| Monarch Alternative Capital LP |
1/28/2022 | 264,151.00 | 8.36 | |||
| Monarch Alternative Capital LP |
1/28/2022 | 35,645.00 | 8.36 |
| Reporting Person |
Trade Date |
Shares Purchased (Sold) |
Price per Share ($) | |||
| Monarch Alternative Capital LP |
1/28/2022 | 72,845.00 | 8.36 | |||
| Monarch Alternative Capital LP |
1/28/2022 | 5,641.00 | 8.36 | |||
| Monarch Alternative Capital LP |
1/28/2022 | 56,444.00 | 8.36 | |||
| Monarch Alternative Capital LP |
1/31/2022 | 15,290.00 | 8.58 | |||
| Monarch Alternative Capital LP |
1/31/2022 | 7,919.00 | 8.58 | |||
| Monarch Alternative Capital LP |
1/31/2022 | 9,565.00 | 8.58 | |||
| Monarch Alternative Capital LP |
1/31/2022 | 1,210.00 | 8.58 | |||
| Monarch Alternative Capital LP |
1/31/2022 | 38,724.00 | 8.58 | |||
| Monarch Alternative Capital LP |
1/31/2022 | 13,712.00 | 8.58 | |||
| Monarch Alternative Capital LP |
2/1/2022 | 2,518.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/1/2022 | 94,259.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/1/2022 | 33,066.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/1/2022 | 26,422.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/1/2022 | 25,521.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/1/2022 | 18,214.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/2/2022 | 40,553.00 | 9.02 | |||
| Monarch Alternative Capital LP |
2/2/2022 | 26,855.00 | 9.02 | |||
| Monarch Alternative Capital LP |
2/2/2022 | 140,421.00 | 9.02 | |||
| Monarch Alternative Capital LP |
2/2/2022 | 38,319.00 | 9.02 | |||
| Monarch Alternative Capital LP |
2/2/2022 | 3,852.00 | 9.02 | |||
| Monarch Alternative Capital LP |
2/3/2022 | 313,081.00 | 8.93 | |||
| Monarch Alternative Capital LP |
2/3/2022 | 9,066.00 | 8.93 | |||
| Monarch Alternative Capital LP |
2/3/2022 | 59,747.00 | 8.93 | |||
| Monarch Alternative Capital LP |
2/3/2022 | 91,890.00 | 8.93 | |||
| Monarch Alternative Capital LP |
2/3/2022 | 91,055.00 | 8.93 | |||
| Monarch Alternative Capital LP |
2/3/2022 | 85,161.00 | 8.93 | |||
| Monarch Alternative Capital LP |
2/4/2022 | 32,093.00 | 8.74 | |||
| Monarch Alternative Capital LP |
2/4/2022 | 39,346.00 | 8.74 | |||
| Monarch Alternative Capital LP |
2/4/2022 | 34,853.00 | 8.74 | |||
| Monarch Alternative Capital LP |
2/4/2022 | 3,407.00 | 8.74 | |||
| Monarch Alternative Capital LP |
2/4/2022 | 117,805.00 | 8.74 | |||
| Monarch Alternative Capital LP |
2/4/2022 | 22,496.00 | 8.74 | |||
| Monarch Alternative Capital LP |
2/7/2022 | 3,440.00 | 8.89 | |||
| Monarch Alternative Capital LP |
2/7/2022 | 31,108.00 | 8.89 | |||
| Monarch Alternative Capital LP |
2/7/2022 | 34,201.00 | 8.89 | |||
| Monarch Alternative Capital LP |
2/7/2022 | 22,013.00 | 8.89 | |||
| Monarch Alternative Capital LP |
2/7/2022 | 46,836.00 | 8.89 | |||
| Monarch Alternative Capital LP |
2/7/2022 | 112,402.00 | 8.89 | |||
| Monarch Alternative Capital LP |
2/11/2022 | 16,999.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/11/2022 | 45,362.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/11/2022 | 9,059.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/11/2022 | 12,486.00 | 8.97 |
| Reporting Person |
Trade Date |
Shares Purchased (Sold) |
Price per Share ($) | |||
| Monarch Alternative Capital LP |
2/11/2022 | 14,787.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/11/2022 | 1,307.00 | 8.97 | |||
| Monarch Alternative Capital LP |
2/17/2022 | 16,695.00 | 9.55 | |||
| Monarch Alternative Capital LP |
2/17/2022 | 29,066.00 | 9.55 | |||
| Monarch Alternative Capital LP |
2/17/2022 | 2,012.00 | 9.55 | |||
| Monarch Alternative Capital LP |
2/17/2022 | 81,442.00 | 9.55 | |||
| Monarch Alternative Capital LP |
2/17/2022 | 23,522.00 | 9.55 | |||
| Monarch Alternative Capital LP |
2/17/2022 | 22,263.00 | 9.55 | |||
| Monarch Alternative Capital LP |
2/18/2022 | 6,141.00 | 9.66 | |||
| Monarch Alternative Capital LP |
2/18/2022 | 67,783.00 | 9.66 | |||
| Monarch Alternative Capital LP |
2/18/2022 | 54,801.00 | 9.66 | |||
| Monarch Alternative Capital LP |
2/18/2022 | 63,410.00 | 9.66 | |||
| Monarch Alternative Capital LP |
2/18/2022 | 36,931.00 | 9.66 | |||
| Monarch Alternative Capital LP |
2/18/2022 | 200,934.00 | 9.66 | |||
| Monarch Alternative Capital LP |
2/22/2022 | 137,990.00 | 9.56 | |||
| Monarch Alternative Capital LP |
2/22/2022 | 4,317.00 | 9.56 | |||
| Monarch Alternative Capital LP |
2/22/2022 | 28,252.00 | 9.56 | |||
| Monarch Alternative Capital LP |
2/22/2022 | 37,177.00 | 9.56 | |||
| Monarch Alternative Capital LP |
2/22/2022 | 49,034.00 | 9.56 | |||
| Monarch Alternative Capital LP |
2/22/2022 | 43,230.00 | 9.56 | |||
| Monarch Alternative Capital LP |
2/23/2022 | 6,273.00 | 9.36 | |||
| Monarch Alternative Capital LP |
2/23/2022 | 56,686.00 | 9.36 | |||
| Monarch Alternative Capital LP |
2/23/2022 | 208,147.00 | 9.36 | |||
| Monarch Alternative Capital LP |
2/23/2022 | 39,765.00 | 9.36 | |||
| Monarch Alternative Capital LP |
2/23/2022 | 63,247.00 | 9.36 | |||
| Monarch Alternative Capital LP |
2/23/2022 | 70,882.00 | 9.36 | |||
| Monarch Alternative Capital LP |
2/24/2022 | 64,312.00 | 9.19 | |||
| Monarch Alternative Capital LP |
2/24/2022 | 45,249.00 | 9.19 | |||
| Monarch Alternative Capital LP |
2/24/2022 | 77,977.00 | 9.19 | |||
| Monarch Alternative Capital LP |
2/24/2022 | 69,819.00 | 9.19 | |||
| Monarch Alternative Capital LP |
2/24/2022 | 235,576.00 | 9.19 | |||
| Monarch Alternative Capital LP |
2/24/2022 | 7,067.00 | 9.19 |