Sec Form 13D Filing - Monarch Alternative Capital LP filing for Paramount Group Inc. (PGRE) - 2022-03-04

Insider filing report for Changes in Beneficial Ownership

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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. 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  &#x A0; 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