Sec Form 4 Filing - VN CAPITAL MANAGEMENT, LLC @ BREEZE-EASTERN CORP - 2014-09-30

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
VN CAPITAL MANAGEMENT, LLC
2. Issuer Name and Ticker or Trading Symbol
BREEZE-EASTERN CORP [ BZC]
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)
1133 BROADWAY, SUITE 1609
3. Date of Earliest Transaction (MM/DD/YY)
09/30/2014
(Street)
NEW YORK, NY10010
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 09/30/2014 09/30/2014 S 331,445 D $ 10.4 872,753 I See Footnote ( 1 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
VN CAPITAL MANAGEMENT, LLC
1133 BROADWAY
SUITE 1609
NEW YORK, NY10010
X
JOINVILLE CAPITAL MANAGEMENT, LLC
1133 BROADWAY
SUITE 1609
NEW YORK, NY10010
X
NOONE PATRICK DONNELL
1133 BROADWAY
SUITE 1609
NEW YORK, NY10010
X
Vanasek James Thomas
1133 BROADWAY
SUITE 1609
NEW YORK, NY10010
X
Signatures
/s/ James T. Vanasek for VN Capital Management LLC 10/01/2014
Signature of Reporting Person Date
/s/ James T. Vanasek for Joinville Capital Management 10/01/2014
Signature of Reporting Person Date
/s/ Patrick Donnell Noone 10/01/2014
Signature of Reporting Person Date
/s/ James T. Vanasek 10/01/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )VN Capital Management, LLC and Joinville Capital Management, LLC are the General Partners for the VN Capital Fund I, LP (the "Fund") which holds 874,533 shares of Common Stock. In addition, pursuant to a management agreement, VN Capital Management, LLC acted as the investment manager for PVF-JD, a Delaware limited partnership, (the "PVF Partnership"). On September 30th, this management contracted ended and as a result VN Capital Management, LLC is no longer deemed to beneficially own the 331,445 shares of Common Stock held by the PVF Partnership. . Mr Noone and Mr. Vanasek are the Principals and General Partners of VN Capital Management, LLC.

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 Number.