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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This filing constitutes an exit filing as the reporting person has ceased to be the beneficial owner of more than 5 percent of the referenced class of securities.
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CUSIP
No. G68707101
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SCHEDULE 13G/A
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Page 4
of 8 Pages
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| Item 1. | (a) Name of Issuer |
PagSeguro Digital Ltd.
| Item 1. | (b) Address of Issuer’s Principal Executive Offices |
Av. Brigadeiro Faria Lima, 1384, 4º andar, parte A
São Paulo, SP, 01451-001, Brazil
| Item 2. | (a, b, c) Names of Person Filing, Address of Principal Business Office, Citizenship: |
Melvin Capital Management LP, a Delaware limited partnership, 535 Madison Avenue, 22nd Floor, New York, NY 10022.
Melvin Capital Master Fund Ltd, a Cayman Islands exempted company, 535 Madison Avenue, 22nd Floor, New York, NY 10022.
| Item 2. | (d) Title of Class of Securities |
Class A Common Stock, par value $0.000025 per share
| Item 2. | (e) CUSIP No.: |
G68707101
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CUSIP No. G68707101
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SCHEDULE 13G/A
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Page 5
of 8 Pages
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Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | o | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) | ¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | |
| (h) | ¨ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | ¨ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); | |
| (k) | ¨ | A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
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CUSIP
No. G68707101
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SCHEDULE 13G/A
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Page
6 of 8 Pages
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Item 4. Ownership
This filing constitutes an exit filing as reporting persons have ceased to be the beneficial owners of more than 5 percent of the referenced class of securities.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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CUSIP No. G68707101
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SCHEDULE 13G/A
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Page
7 of 8 Pages
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SIGNATURE
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.
Dated: November 22, 2019
Melvin Capital Management LP | |||
| By: | /s/ Evan Cohen | ||
Evan Cohen, Chief Compliance Officer
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Melvin Capital Master Fund Ltd By: Melvin Capital Management LP | |||
| By: | /s/ Evan Cohen | ||
| Evan Cohen, Chief Compliance Officer | |||
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CUSIP No. G68707101
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SCHEDULE 13G/A
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Page 8
of 8 Pages
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Exhibit I
JOINT FILING STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G/A, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G/A, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
Dated: November 22, 2019
Melvin Capital Management LP | |||
| By: | /s/ Evan Cohen | ||
| Evan Cohen, Chief Compliance Officer | |||
Melvin Capital Master Fund Ltd By: Melvin Capital Management LP | |||
| By: | /s/ Evan Cohen | ||
| Evan Cohen, Chief Compliance Officer | |||