|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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 |
|
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) |
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 Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| LASRY MARC C/O AVENUE CAPITAL 399 PARK AVENUE, 6TH FL. NEW YORK, NY 10022 |
X | |||
| /s/ Eric Ross as Attorney-in-Fact for Marc Lasry | 03/30/2011 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | The shares of Common Stock, par value $0.01 per share (the "Common Stock") of Sterling Chemicals, Inc. (the "Issuer") the disposition of which is reported in this Form 4 were held directly by Avenue Special Situations Fund V, L.P., a private investment partnership ("Spec V"), Avenue Special Situations Fund IV, L.P., a private investment partnership ("Spec IV") and Avenue-CDP Global Opportunities Fund, L.P. a private investment partnership ("CDP"). Avenue Investments, L.P., a private investment partnership ("Investments"), and Avenue International Master, L.P., a private investment partnership (collectively, with Spec V, Spec IV, CDP and Investments, the "Avenue Entities") also hold shares of Common Stock of the Issuer, but did not dispose of any of such shares of Common Stock in the reported transaction. (See Footnote 2 for continuation.) |
| (2) | The Reporting Person is (i) the Managing Member of Avenue Capital Management II GenPar, LLC, which is the general partner of Avenue Capital Management II, L.P., which is the registered investment adviser to each of the Avenue Entities and (ii) the Managing Member of each of the Managing Members of each of the general partners of the Avenue Entities. |
| (3) | The Reporting Person is deemed to be the indirect beneficial owner of the shares of Common Stock of the Issuer the disposition of which is reported in this Form 4, as well as of the shares of Common Stock of the Issuer reported as beneficially owned following the reported transaction, by reason of his ability to direct the vote and/or disposition of such shares of Common Stock, and his pecuniary interest in such shares of Common Stock (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended) was a fractional interest in such amount. The Reporting Person disclaims beneficial ownership of any and all such amounts in excess of such actual pecuniary interest. |