UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 2)1
Big Lots, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
089302103
(CUSIP Number)
|
JONATHAN DUSKIN MACELLUM CAPITAL MANAGEMENT, LLC 99 Hudson Street, 5th Floor New York, New York 10013 (212) 956-3008 |
FREDERICK DISANTO C/O ANCORA ADVISORS, LLC 6060 Parkland Boulevard, Suite 200 Cleveland, Ohio 44124 (216) 825-4000 |
STEVE WOLOSKY, ESQ.
ELIZABETH GONZALEZ-SUSSMAN, ESQ.
OLSHAN FROME WOLOSKY LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 14, 2020
(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
1 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 (“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).
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Macellum Opportunity Fund LP | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 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 | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 926,612 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 926,612 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 926,612 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 2.4% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| PN | |||||||||||||||||||
| 2 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Macellum Management, LP | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 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 | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 926,612 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 926,612 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 926,612 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 2.4% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| PN | |||||||||||||||||||
| 3 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Macellum Advisors GP, LLC | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 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 | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 926,612 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 926,612 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 926,612 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 2.4% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| OO | |||||||||||||||||||
| 4 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Jonathan Duskin | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 926,612 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 926,612 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 926,612 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 2.4% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 5 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Ancora Merlin Institutional LP | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 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 | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 863,814 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 863,814 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 863,814 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 2.2% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| PN | |||||||||||||||||||
| 6 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Ancora Merlin, LP | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 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 | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 90,054 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 90,054 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 90,054 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| Less than 1% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| PN | |||||||||||||||||||
| 7 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Ancora Catalyst Institutional, LP | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 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 | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 784,711 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 784,711 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 784,711 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 2.0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| PN | |||||||||||||||||||
| 8 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Ancora Catalyst, LP | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 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 | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 59,368 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 59,368 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 59,368 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| Less than 1% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| PN | |||||||||||||||||||
| 9 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Ancora Catalyst SPV I LP | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 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 | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 612,056 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 612,056 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 612,056 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 1.6% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| PN | |||||||||||||||||||
| 10 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Ancora Catalyst SPV I SPC Ltd | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| WC | |||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| Cayman Islands | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 512,040 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 512,040 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 512,040 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 1.3% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| OO | |||||||||||||||||||
| 11 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Ancora Advisors, LLC | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| AF | |||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| Nevada | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 2,922,043 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 2,922,043 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 2,922,043 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 7.5% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IA, OO | |||||||||||||||||||
| 12 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Frederick DiSanto | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| AF | |||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | 2,922,043 | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| 2,922,043 | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| 2,922,043 | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 7.5% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 13 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Theresa R. Backes | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | - 0 - | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 14 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Suzanne Biszantz | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | - 0 - | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 15 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Andrew C. Clarke | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | - 0 - | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 16 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Lynne Coté | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | - 0 - | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 17 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Steven S. Fishman | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | - 0 - | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 18 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Aaron Goldstein | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | - 0 - | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 19 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Jeremy I. Liebowitz | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | - 0 - | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 20 |
CUSIP No. 089302103
| 1 | NAME OF REPORTING PERSON | ||||||||||||||||||
| Cynthia S. Murray | |||||||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
| (b) ☐ | |||||||||||||||||||
| 3 | SEC USE ONLY | ||||||||||||||||||
| 4 | SOURCE OF FUNDS | ||||||||||||||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
| USA | |||||||||||||||||||
| NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
| SHARES | |||||||||||||||||||
| BENEFICIALLY | - 0 - | ||||||||||||||||||
| OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
| EACH | |||||||||||||||||||
| REPORTING | - 0 - | ||||||||||||||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
| - 0 - | |||||||||||||||||||
| 10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
| - 0 - | |||||||||||||||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
| 0% | |||||||||||||||||||
| 14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
| IN | |||||||||||||||||||
| 21 |
CUSIP No. 089302103
The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned (“Amendment No. 2”). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.
| Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 is hereby amended and restated to read as follows:
The securities of the Issuer purchased by each of Macellum Opportunity, Ancora Merlin Institutional, Ancora Merlin, Ancora Catalyst Institutional, Ancora Catalyst, Ancora SPV I and Ancora SPV I Ltd were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted in Schedule A, which is incorporated herein by reference.
The aggregate purchase price of the 926,612 Shares owned directly by Macellum Opportunity is approximately $18,990,211, including brokerage commissions.
The aggregate purchase price of the 863,814 Shares owned directly by Ancora Merlin Institutional is approximately $17,298,589, including brokerage commissions. The aggregate purchase price of the 90,054 Shares owned directly by Ancora Merlin is approximately $1,812,722, including brokerage commissions. The aggregate purchase price of the 784,711 Shares owned directly by Ancora Catalyst Institutional is approximately $15,422,658, including brokerage commissions. The aggregate purchase price of the 59,368 Shares owned directly by Ancora Catalyst is approximately $1,157,849, including brokerage commissions. The aggregate purchase price of the 612,056 Shares owned directly by Ancora SPV I is approximately $11,936,995, including brokerage commissions. The aggregate purchase price of the 512,040 Shares owned directly by Ancora SPV I Ltd is approximately $10,777,945, including brokerage commissions.
| Item 5. | Interest in Securities of the Issuer. |
Items 5(a)-(c) are hereby amended and restated to read as follows:
The aggregate percentage of Shares reported owned by each person named herein is based upon 39,166,689 Shares outstanding as of March 27, 2020 as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2020.
| 22 |
CUSIP No. 089302103
| A. | Macellum Opportunity |
| (a) | As of the close of business on April 16, 2020, Macellum Opportunity beneficially owned directly 926,612 Shares. |
Percentage: Approximately 2.4%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 926,612 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 926,612 |
| (c) | The transactions in the securities of the Issuer by Macellum Opportunity since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| B. | Macellum Management |
| (a) | As the investment manager of Macellum Opportunity, Macellum Management may be deemed the beneficial owner of the 926,612 Shares beneficially owned by Macellum Opportunity. |
Percentage: Approximately 2.4%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 926,612 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 926,612 |
| (c) | Macellum Management has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 1 to the Schedule 13D. The transactions in the securities of the Issuer by Macellum Opportunity since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| 23 |
CUSIP No. 089302103
| C. | Macellum GP |
| (a) | As the general partner of Macellum Opportunity, Macellum GP may be deemed the beneficial owner of the 926,612 Shares beneficially owned by Macellum Opportunity. |
Percentage: Approximately 2.4%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 926,612 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 926,612 |
| (c) | Macellum GP has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 1 to the Schedule 13D. The transactions in the securities of the Issuer by Macellum Opportunity since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| D. | Jonathan Duskin |
| (a) | Mr. Duskin, as the sole member of Macellum GP, may be deemed the beneficial owner of the 926,612 Shares beneficially owned by Macellum Opportunity. |
Percentage: Approximately 2.4%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 926,612 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 926,612 |
| (c) | Mr. Duskin has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 1 to the Schedule 13D. The transactions in the securities of the Issuer by Macellum Opportunity since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| 24 |
CUSIP No. 089302103
| E. | Ancora Merlin Institutional |
| (a) | As of the close of business on April 16, 2020, Ancora Merlin Institutional beneficially owned directly 863,814 Shares. |
Percentage: Approximately 2.2%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 863,814 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 863,814 |
| (c) | The transactions in the securities of the Issuer by Ancora Merlin Institutional since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| F. | Ancora Merlin |
| (a) | As of the close of business on April 16, 2020, Ancora Merlin beneficially owned directly 90,054 Shares. |
Percentage: Less than 1%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 90,054 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 90,054 |
| (c) | The transactions in the securities of the Issuer by Ancora Merlin since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| 25 |
CUSIP No. 089302103
| G. | Ancora Catalyst Institutional |
| (a) | As of the close of business on April 16, 2020, Ancora Catalyst Institutional beneficially owned directly 784,711 Shares. |
Percentage: Approximately 2.0%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 784,711 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 784,711 |
| (c) | The transactions in the securities of the Issuer by Ancora Catalyst Institutional since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| H. | Ancora Catalyst |
| (a) | As of the close of business on April 16, 2020, Ancora Catalyst beneficially owned directly 59,368 Shares. |
Percentage: Less than 1%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 59,368 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 59,368 |
| (c) | The transactions in the securities of the Issuer by Ancora Catalyst since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| I. | Ancora SPV I |
| (a) | As of the close of business on April 16, 2020, Ancora SPV I beneficially owned directly 612,056 Shares. |
Percentage: Approximately 1.6%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 612,056 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 612,056 |
| (c) | The transactions in the securities of the Issuer by Ancora SPV I since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| 26 |
CUSIP No. 089302103
| J. | Ancora SPV I Ltd |
| (a) | As of the close of business on April 16, 2020, Ancora SPV I Ltd beneficially owned directly 512,040 Shares. |
Percentage: Approximately 1.3%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 512,040 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 512,040 |
| (c) | The transactions in the securities of the Issuer by Ancora SPV I Ltd since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| K. | Ancora Advisors |
| (a) | As the investment advisor to each of Ancora Merlin Institutional, Ancora Merlin, Ancora Catalyst Institutional, Ancora Catalyst, Ancora SPV I and Ancora SPV I Ltd, Ancora Advisors may be deemed to beneficially own the (i) 863,814 Shares beneficially owned directly by Ancora Merlin Institutional, (ii) 90,054 Shares beneficially owned directly by Ancora Merlin, (iii) 784,711 Shares beneficially owned directly by Ancora Catalyst Institutional, (iv) 59,368 Shares beneficially owned directly by Ancora Catalyst, (v) 612,056 Shares beneficially owned directly by Ancora SPV I and (vi) 512,040 Shares beneficially owned directly by Ancora SPV I Ltd. |
Percentage: Approximately 7.5%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,922,043 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 2,922,043 |
| (c) | Ancora Advisors has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 1 to the Schedule 13D. The transactions in the securities of the Issuer by each of Ancora Merlin Institutional, Ancora Merlin, Ancora Catalyst Institutional, Ancora Catalyst, Ancora SPV I and Ancora SPV I Ltd since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| 27 |
CUSIP No. 089302103
| L. | Mr. DiSanto |
| (a) | Mr. DiSanto, as the Chairman and Chief Executive Officer of Ancora Advisors, may be deemed to beneficially own the (i) 863,814 Shares beneficially owned directly by Ancora Merlin Institutional, (ii) 90,054 Shares beneficially owned directly by Ancora Merlin, (iii) 784,711 Shares beneficially owned directly by Ancora Catalyst Institutional, (iv) 59,368 Shares beneficially owned directly by Ancora Catalyst, (v) 612,056 Shares beneficially owned directly by Ancora SPV I and (vi) 512,040 Shares beneficially owned directly by Ancora SPV I Ltd. |
Percentage: Approximately 7.5%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,922,043 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 2,922,043 |
| (c) | Mr. DiSanto has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 1 to the Schedule 13D. The transactions in the securities of the Issuer by each of Ancora Advisors, Ancora Merlin Institutional, Ancora Merlin, Ancora Catalyst Institutional, Ancora Catalyst, Ancora SPV I and Ancora SPV I Ltd since the filing of Amendment No. 1 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| M. | Messrs. Clarke, Fishman, Goldstein and Liebowitz and Mses. Backes, Biszantz, Coté and Murray |
| (a) | As of the close of business on April 16, 2020, Messrs. Clarke, Fishman, Goldstein and Liebowitz and Mses. Backes, Biszantz, Coté and Murray did not own any Shares. |
Percentage: 0%
| (b) | 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0 |
| (c) | Messrs. Clarke, Fishman, Goldstein and Liebowitz and Mses. Backes, Biszantz, Coté and Murray have not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 1 to the Schedule 13D. |
| 28 |
CUSIP No. 089302103
The filing of this Schedule 13D shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the securities reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that are not directly owned by such Reporting Person, except to the extent of their pecuniary interest therein.
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. |
Item 6 is hereby amended to add the following:
The transactions with respect to securities of the Issuer as reported on Schedule A to this Amendment No. 2 are incorporated herein by reference.
| 29 |
CUSIP No. 089302103
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: April 16, 2020
| Macellum Opportunity Fund LP | |||
| By: |
Macellum Advisors GP, LLC its general partner | ||
| By: |
/s/ Jonathan Duskin | ||
| Name: | Jonathan Duskin | ||
| Title: | Sole Member | ||
| Macellum Management, LP | |||
| By: |
Macellum Advisors GP, LLC its general partner | ||
| By: |
/s/ Jonathan Duskin | ||
| Name: | Jonathan Duskin | ||
| Title: | Sole Member | ||
| Macellum Advisors GP, LLC | |||
| By: |
/s/ Jonathan Duskin | ||
| Name: | Jonathan Duskin | ||
| Title: | Sole Member | ||
| /s/ Jonathan Duskin | |
|
Jonathan Duskin Individually and as attorney-in-fact for Theresa R. Backes, Suzanne Biszantz, Andrew C. Clarke, Lynne Coté, Steven S. Fishman, Aaron Goldstein, Jeremy I. Liebowitz and Cynthia S. Murray |
| 30 |
CUSIP No. 089302103
| Ancora Merlin Institutional LP | |||
| By: | Ancora Advisors, LLC, its General Partner | ||
| By: | /s/ Frederick DiSanto | ||
| Name: | Frederick DiSanto | ||
| Title: | Chairman and Chief Executive Officer | ||
| Ancora Merlin, LP | |||
| By: | Ancora Advisors, LLC, its General Partner | ||
| By: | /s/ Frederick DiSanto | ||
| Name: | Frederick DiSanto | ||
| Title: | Chairman and Chief Executive Officer | ||
| Ancora Catalyst Institutional, LP | |||
| By: | Ancora Advisors, LLC, its General Partner | ||
| By: | /s/ Frederick DiSanto | ||
| Name: | Frederick DiSanto | ||
| Title: | Chairman and Chief Executive Officer | ||
| Ancora Catalyst, LP | |||
| By: | Ancora Advisors, LLC, its General Partner | ||
| By: | /s/ Frederick DiSanto | ||
| Name: | Frederick DiSanto | ||
| Title: | Chairman and Chief Executive Officer | ||
| Ancora Catalyst SPV I LP | |||
| By: | Ancora Advisors, LLC, its General Partner | ||
| By: | /s/ Frederick DiSanto | ||
| Name: | Frederick DiSanto | ||
| Title: | Chairman and Chief Executive Officer | ||
| 31 |
CUSIP No. 089302103
| Ancora Catalyst SPV I SPC Ltd | |||
| By: | Ancora Advisors, LLC, its Investment Manager | ||
| By: | /s/ Frederick DiSanto | ||
| Name: | Frederick DiSanto | ||
| Title: | Chairman and Chief Executive Officer | ||
| Ancora Advisors, LLC | |||
| By: |
/s/ Frederick DiSanto | ||
| Name: | Frederick DiSanto | ||
| Title: | Chairman and Chief Executive Officer | ||
| /s/ Frederick DiSanto | |
| Frederick DiSanto |
| 32 |
CUSIP No. 089302103
SCHEDULE A
Transactions in the Securities of the Issuer Since the Filing of Amendment No. 1 to the Schedule 13D
| Nature of Transaction | Amount of Securities Purchased/(Sold) |
Price per Share ($) | Date of Purchase/Sale |
MACELLUM OPPORTUNITY FUND LP
| Purchase of March 20, 2020 Put Options ($25.00 Strike Price)1 | 11 | 12.8000 | 03/13/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 52 | 15.3000 | 03/13/2020 |
| Purchase of March 20, 2020 Put Options ($25.00 Strike Price)1 | 11 | 14.3000 | 03/16/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 52 | 16.8000 | 03/16/2020 |
| Purchase of March 20, 2020 Put Options ($25.00 Strike Price)1 | 11 | 14.0000 | 03/17/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 53 | 16.5000 | 03/17/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (250) | 2.8972 | 04/09/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (675) | 1.8459 | 04/13/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (840) | 1.6729 | 04/14/2020 |
| Exercise of April 17, 2020 Call Options ($17.50 Strike Price) | 735 | 17.5000 | 04/14/2020 |
CUSIP No. 089302103
ANCORA MERLIN INSTITUTIONAL LP
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 95 | 15.3000 | 03/13/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 95 | 16.8000 | 03/16/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 97 | 16.5000 | 03/17/2020 |
| Delivery of Common Stock Upon Assignment of April 17, 2020 Put Options ($25.00 Strike Price) | 2,000 | 25.0000 | 03/25/2020 |
| Delivery of Common Stock Upon Assignment of April 17, 2020 Put Options ($25.00 Strike Price) | 73,600 | 25.0000 | 04/03/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (221) | 2.8972 | 04/09/2020 |
| Purchase of April 17, 2020 Put Options ($25.00 Strike Price)1 | 369 | 5.0587 | 04/09/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (849) | 1.8169 | 04/13/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (297) | 1.8169 | 04/14/2020 |
| Exercise of April 17, 2020 Call Options ($17.50 Strike Price) | 849 | 17.5000 | 04/14/2020 |
CUSIP No. 089302103
ANCORA MERLIN, LP
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 11 | 15.3000 | 03/13/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 11 | 16.8000 | 03/16/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 11 | 16.5000 | 03/17/2020 |
| Delivery of Common Stock Upon Assignment of April 17, 2020 Put Options ($25.00 Strike Price) | 500 | 25.0000 | 03/25/2020 |
| Delivery of Common Stock Upon Assignment of April 17, 2020 Put Options ($25.00 Strike Price) | 11,400 | 25.0000 | 04/03/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (22) | 2.8972 | 04/09/2020 |
| Purchase of April 17, 2020 Put Options ($25.00 Strike Price)1 | 6 | 5.0587 | 04/09/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (84) | 1.8169 | 04/13/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (30) | 1.8169 | 04/14/2020 |
| Exercise of April 17, 2020 Call Options ($17.50 Strike Price) | 84 | 17.5000 | 04/14/2020 |
CUSIP No. 089302103
ANCORA CATALYST INSTITUTIONAL, LP
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 69 | 15.3000 | 03/13/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 69 | 16.8000 | 03/16/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 71 | 16.5000 | 03/17/2020 |
| Delivery of Common Stock Upon Assignment of April 17, 2020 Put Options ($25.00 Strike Price) | 500 | 25.0000 | 03/25/2020 |
| Delivery of Common Stock Upon Assignment of April 17, 2020 Put Options ($25.00 Strike Price) | 78,200 | 25.0000 | 04/03/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (178) | 2.8972 | 04/09/2020 |
| Purchase of April 17, 2020 Put Options ($25.00 Strike Price)1 | 375 | 5.0000 | 04/09/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (681) | 1.8169 | 04/13/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (236) | 1.8169 | 04/14/2020 |
| Exercise of April 17, 2020 Call Options ($17.50 Strike Price) | 681 | 17.5000 | 04/14/2020 |
CUSIP No. 089302103
ANCORA CATALYST, LP
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 5 | 15.3000 | 03/13/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 5 | 16.8000 | 03/16/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 6 | 16.5000 | 03/17/2020 |
| Delivery of Common Stock Upon Assignment of April 17, 2020 Put Options ($25.00 Strike Price) | 6,000 | 25.0000 | 04/03/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (13) | 2.8972 | 04/09/2020 |
| Purchase of April 17, 2020 Put Options ($25.00 Strike Price)1 | 28 | 5.0000 | 04/09/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (49) | 1.8169 | 04/13/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (17) | 1.8169 | 04/14/2020 |
| Exercise of April 17, 2020 Call Options ($17.50 Strike Price) | 49 | 17.5000 | 04/14/2020 |
ANCORA CATALYST SPV I
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (162) | 2.8972 | 04/09/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (623) | 1.8169 | 04/13/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (216) | 1.8169 | 04/14/2020 |
| Exercise of April 17, 2020 Call Options ($17.50 Strike Price) | 623 | 17.5000 | 04/14/2020 |
CUSIP No. 089302103
ANCORA CATALYST SPV I SPC LTD
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 32 | 15.3000 | 03/13/2020 |
| Purchase of March 20, 2020 Put Options ($25.00 Strike Price)1 | 9 | 12.8000 | 03/13/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 32 | 16.8000 | 03/16/2020 |
| Purchase of March 20, 2020 Put Options ($25.00 Strike Price)1 | 9 | 14.3000 | 03/16/2020 |
| Purchase of March 20, 2020 Put Options ($27.50 Strike Price)1 | 34 | 16.5000 | 03/17/2020 |
| Purchase of March 20, 2020 Put Options ($25.00 Strike Price)1 | 9 | 14.0000 | 03/17/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (154) | 2.8972 | 04/09/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (589) | 1.8169 | 04/13/2020 |
| Sale of April 17, 2020 Call Options ($17.50 Strike Price) | (204) | 1.8169 | 04/14/2020 |
| Exercise of April 17, 2020 Call Options ($17.50 Strike Price) | 589 | 17.5000 | 04/14/2020 |
1 Represents a purchase to cover a short position.