Sec Form 3 Filing - GLENVIEW CAPITAL MANAGEMENT, LLC @ Brookdale Senior Living Inc. - 2019-09-25

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
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1. Name and Address of Reporting Person
GLENVIEW CAPITAL MANAGEMENT, LLC
2. Issuer Name and Ticker or Trading Symbol
Brookdale Senior Living Inc. [ BKD]
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)
767 FIFTH AVENUE, 44TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
09/25/2019
(Street)
NEW YORK, NY10153
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 17,633,572 I ( 1 ) ( 2 ) See Footnotes ( 1 ) ( 2 )
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
Call Option (right to buy) ( 3 ) ( 4 ) $ 0 02/11/2022 02/11/2022 Common Stock 4,088,400 I ( 1 ) ( 2 ) See Footnotes ( 1 ) ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GLENVIEW CAPITAL MANAGEMENT, LLC
767 FIFTH AVENUE
44TH FLOOR
NEW YORK, NY10153
X
ROBBINS LARRY
767 FIFTH AVENUE
44TH FLOOR
NEW YORK, NY10153
X
Signatures
/s/ Mark J. Horowitz, Co-President of Glenview Capital Management, LLC 09/27/2019
Signature of Reporting Person Date
/s/ Mark J. Horowitz, attorney-in-fact for Larry Robbins 09/27/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares of the Issuer's Common Stock (the "Shares") and call options ("Options") are held for the accounts of Glenview Capital Partners, L.P., Glenview Capital Master Fund, Ltd., Glenview Institutional Partners, L.P., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Capital Opportunity Fund, L.P. Glenview Capital Management, LLC serves as investment manager to each of Glenview Capital Partners, L.P., Glenview Capital Master Fund, Ltd., Glenview Institutional Partners, L.P., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Capital Opportunity Fund, L.P. Mr. Robbins is the Chief Executive Officer of Glenview Capital Management, LLC.
( 2 )Each Reporting Person disclaims beneficial ownership of the Shares and Options except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
( 3 )The Reporting Persons do not have the right to exercise the Options within 60 days, do not have direct or indirect voting power or investment power over the Shares underlying the Options, and do not have the right to acquire such power over such Shares within 60 days. Further, the Reporting Persons do not believe they have acquired the Shares or Options with the purpose or effect of changing or influencing the control of the Issuer or in connection with or as a participant in any transaction having such purpose or effect.
( 4 )Notwithstanding, based on Rule 13d-3(d) under the Exchange Act, the Reporting Persons began including the Shares underlying the Options in their beneficial ownership calculation as of the date of their Schedule 13D, and accordingly are filing this Form 3. Excluding the Options, the Reporting Persons are not over-10% beneficial owners, and are not otherwise subject to section 16 the Exchange Act, with respect to the Shares, and the filing of this Form 3 should not be construed as an admissions that the Reporting Persons are, for purposes of section 13 or section 16 of the Act, the beneficial owners of any Shares underlying the Options.

Remarks:
Exhibit List: The Power of Attorney filed as Exhibit B to the Schedule 13D filed by the Reporting Persons on September 27, 2019 is incorporated herein by reference.

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