Sec Form 13D Filing - WILLIS CHARLES F IV filing for WILLIS LEASE FINANCE CORP (WLFC) - 2021-08-10

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 13D

 

Under the Securities Exchange Act of 1934
(Amendment No. 24)

 

Willis Lease Finance Corporation

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

970646 10 5

(CUSIP Number)

 

Charles F. Willis, IV

c/o Willis Lease Finance Corporation

4700 Lyons Technology Parkway

Coconut Creek, Florida 33073

(415) 408-4700

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

August 10, 2021

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 statement, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7(b) for other parties to whom copies are to be sent.

 

The share numbers listed for voting and dispositive power as of a particular date include the number of shares into which options were exercisable or would be exercisable within 60 days of such date.

 

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 (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).

 

 

 


 

August 10, 2021

CUSIP No. 970646 10 5

 

 

1

Names of Reporting Persons:
CFW Partners, L.P.
I.R.S. Identification Nos. of above persons (entities only).
68-0392529

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

 

 

4

Source of Funds (See Instructions)
OO, PF

 

 

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

 

 

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
2,134,148

 

 

9

Sole Dispositive Power
0

 

 

10

Shared Dispositive Power
2,134,148

 

 

 

 

11

Aggregate Amount Beneficially Owned
2,134,148

 

 

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

 

 

13

Percent of Class Represented by Amount in Row (11)
31.58%

 

 

 

 

14

Type of Reporting Person
PN

 

2


 

August 10, 2021

CUSIP No. 970646 10 5

 

 

1

Names of Reporting Persons:
Charles F. Willis, IV
I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

 

 

4

Source of Funds (See Instructions)
OO, PF

 

 

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

 

 

6

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
857,911

 

 

8

Shared Voting Power
2,141,550

 

 

9

Sole Dispositive Power
626,578

 

 

10

Shared Dispositive Power
1,910,217

 

 

 

 

11

Aggregate Amount Beneficially Owned
2,999,461

 

 

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

 

 

13

Percent of Class Represented by Amount in Row (11)
44.38%

 

 

 

 

14

Type of Reporting Person
IN

 

3


 

August 10, 2021

CUSIP No. 970646 10 5

 

 

1

Names of Reporting Persons:
Austin Chandler Willis
I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

 

 

4

Source of Funds (See Instructions)
OO, PF

 

 

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

 

 

6

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
114,723

 

 

8

Shared Voting Power
660,895

 

 

9

Sole Dispositive Power
78,724

 

 

10

Shared Dispositive Power
0

 

 

 

 

11

Aggregate Amount Beneficially Owned
775,618

 

 

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

 

 

13

Percent of Class Represented by Amount in Row (11)
11.48%

 

 

 

 

14

Type of Reporting Person
IN

 

4


 

The Schedule 13D filed with the Securities and Exchange Commission on December 11, 2000 (the “Initial 13D”) by CFW Partners, the Trust and Mr. Charles F. Willis, IV with respect to the Common Stock, par value $0.01 per share (the “Shares”), issued by Willis Lease Finance Corporation, a Delaware corporation (the “Issuer”), as amended on August 28, 2013, October 1, 2013, July 7, 2015, December 23, 2015, March 23, 2016, May 20, 2016, June 8, 2016, October 6, 2016, April 4, 2018, September 13, 2018, April 1, 2019, June 27, 2019, September 16, 2019, November 4, 2019, February 10, 2020, March 10, 2020, March 16, 2020, April 6, 2020, August 26, 2020, September 17, 2020, March 16, 2021, March 23, 2021 and June 25, 2021 (together with the Initial 13D, the “13D”), is hereby amended as set forth below.  Capitalized terms not defined herein have the meanings ascribed to them in the 13D.

 

Item 4.  Purpose of the Transaction

 

Item 4 of the 13D is hereby amended to add the following:

 

On August 10, 2021, Charles F. Willis, IV, on behalf of the Reporting Persons, delivered a letter (the “Letter of Withdrawal”) to the Board of Directors of the Issuer notifying the Board of Directors that the Reporting Persons and the Special Committee of the Board of Directors of the Issuer have mutually agreed to terminate discussions and abandon any further pursuit of the Reporting Persons’ non-binding proposal to acquire all of the outstanding shares of common stock of the Issuer not already owned by the Reporting Persons (the “Proposed Transaction”).  The Reporting Persons have ceased negotiating the terms of a merger agreement with the Issuer relating to the Proposed Transaction.  The foregoing description of the Letter of Withdrawal does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter of Withdrawal, which is filed as Exhibit 2 hereto.

 

Except as set forth in this Item 4, the Reporting Persons do not have any plans or proposals with respect to any of the actions specified in Item 4 of the 13D.

 

Item 7.   Materials to be Filed as Exhibits

 

Item 7 is hereby amended and supplemented by adding the following exhibits as the last exhibits of Item 7 of the 13D:

 

1.

Joint Filing Agreement

2.

Letter of Withdrawal, dated August 10, 2021

 

5


 

SIGNATURES

 

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.

 

 

CFW PARTNERS, L.P.

 

 

 

 

 

Date: August 10, 2021

By:

/s/ Charles F. Willis, IV

 

 

Charles F. Willis, IV

 

 

its General Partner

 

 

 

 

 

 

Date: August 10, 2021

By:

/s/ Charles F. Willis, IV

 

 

Charles F. Willis, IV

 

 

 

 

 

 

Date: August 10, 2021

By:

/s/ Austin Chandler Willis

 

 

Austin Chandler Willis

 

6