Otto Alexander Amends SITE Centers Corp. 13D Filing
Ticker: SITC · Form: SC 13D/A · Filed: Jul 1, 2024 · CIK: 894315
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: SITC
TL;DR
Otto Alexander just updated his stake in SITE Centers Corp. (SITC) - check the 13D filing.
AI Summary
On June 27, 2024, Otto Alexander filed an amendment (No. 25) to Schedule 13D for SITE Centers Corp. This filing relates to the common shares of the company, with a par value of $0.10 per share. The filing was made under the Securities Exchange Act of 1934.
Why It Matters
This amendment indicates a change in the beneficial ownership or control of SITE Centers Corp. by a significant shareholder, which could influence the company's strategic direction or stock performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal significant changes in a company's ownership structure, which can lead to increased volatility and strategic shifts.
Key Numbers
- 25 — Amendment Number (This is the 25th amendment to the Schedule 13D filing.)
Key Players & Entities
- SITE Centers Corp. (company) — Subject Company
- Otto Alexander (person) — Filing Person
- Julie A. Mediamolle (person) — Authorized Person to Receive Notices
- Alston & Bird LLP (company) — Legal Counsel
- 251591103 (other) — CUSIP Number
FAQ
What is the purpose of this Schedule 13D/A filing?
This filing is an amendment (No. 25) to a Schedule 13D, indicating a change in the beneficial ownership of SITE Centers Corp. by Otto Alexander.
Who is the subject company?
The subject company is SITE Centers Corp.
Who is the primary filer or reporting person?
The primary filing person is Otto Alexander.
What class of securities is being reported?
The filing reports on Common Shares, par value $0.10 per share.
When was the event requiring this filing?
The date of the event which requires filing of this statement is June 27, 2024.
Filing Stats: 1,357 words · 5 min read · ~5 pages · Grade level 5.8 · Accepted 2024-07-01 16:45:50
Key Financial Figures
- $0.10 — e of Issuer) Common Shares, par value $0.10 per share (Title of Class of Securiti
- $14.53 — prices for such transaction is between $14.53 and $14.62. (3) Reflects the weighte
- $14.62 — such transaction is between $14.53 and $14.62. (3) Reflects the weighted average s
- $14.26 — prices for such transaction is between $14.26 and $14.49. (4) Reflects the weighte
- $14.49 — such transaction is between $14.26 and $14.49. (4) Reflects the weighted average s
- $14.58 — prices for such transaction is between $14.58 and $14.88. (5) Reflects the weighte
- $14.88 — such transaction is between $14.58 and $14.88. (5) Reflects the weighted average s
- $14.45 — prices for such transaction is between $14.45 and $14.73. (6) Reflects the weighte
- $14.73 — such transaction is between $14.45 and $14.73. (6) Reflects the weighted average s
- $14.63 — such transaction is between $14.49 and $14.63. (7) Reflects the weighted average s
- $14.445 — prices for such transaction is between $14.445 and $14.57. (8) Reflects the weighte
- $14.57 — such transaction is between $14.445 and $14.57. (8) Reflects the weighted average s
- $14.345 — prices for such transaction is between $14.345 and $14.47. (9) Reflects the weighte
- $14.47 — such transaction is between $14.345 and $14.47. (9) Reflects the weighted average s
- $14.25 — prices for such transaction is between $14.25 and $14.48. (10) Reflects the weight
Filing Documents
- d786967dsc13da.htm (SC 13D/A) — 51KB
- 0001193125-24-173377.txt ( ) — 53KB
is hereby amended to add the following
Item 5 is hereby amended to add the following: (a) Alexander Otto may be deemed to beneficially own 16,582,983 Common Shares, representing 7.9% of the Issuers outstanding Common Shares (based on 209,543,106 Common Shares outstanding as of May 8, 2024 as reported by the Issuer in the Registration on Form S-3 filed with the Securities and Exchange Commission on May 29, 2024). (b) With respect to any rights or powers to vote, or to direct the vote of, or to dispose of, or direct the disposition of, the Common Shares referenced in paragraph 5(a), Mr. Otto has sole voting power and sole dispositive power with regard to 16,582,983 Common Shares. (c) Other than as set forth below, the Reporting Person has not effected any transactions in the Common Shares in the last sixty days. Date Transaction Amount Price 5/15/2024 Grant 2,007 $ 0.00 (1) 6/10/2024 Sale 91,778 $ 14.56 (2) 6/11/2024 Sale 209,076 $ 14.36 (3) 6/12/2024 Sale 242,573 $ 14.71 (4) 6/13/2024 Sale 182,383 $ 14.62 (5) 6/14/2024 Sale 149,835 $ 14.555 (6) 6/17/2024 Sale 111,811 $ 14.509 (7) 6/18/2024 Sale 82,984 $ 14.396 (8) 6/20/2024 Sale 191,167 $ 14.36 (9) 6/21/2024 Sale 240,958 $ 14.36 (10) 6/24/2024 Sale 384,663 $ 14.50 (11) 6/25/2024 Sale 231,198 $ 14.17 (12) 6/26/2024 Sale 228,042 $ 14.11 (13) 6/27/2024 Sale 327,735 $ 14.253 (14) 6/28/2024 Sale 357,568 $ 14.395 (15) CUSIP No. 251591103 SCHEDULE 13D Page 4 of 6 Pages (1) Reflects the Issuers grant to the Reporting Person of fully-vested shares of the Issuers Common Shares in accordance with the Issuers director compensation program. (2) Reflects the weighted average sale price. The range of prices for such transaction is between $14.53 and $14.62. (3) Reflects the weighted average sale price. The range of prices for such transaction is between $14.26 and $14.49. (4) Reflects the weighted average sale price. The