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RTK Rentech, Inc.

0.20
0.00 (0.00%)
23 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Rentech, Inc. NASDAQ:RTK NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.20 0.195 0.205 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

25/02/2015 9:33pm

Edgar (US Regulatory)


FORM 4
[ ] 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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GSO Palmetto Opportunistic Associates LLC
2. Issuer Name and Ticker or Trading Symbol

RENTECH, INC. [ RTK ]
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)

C/O GSO CAPITAL PARTNERS LP,, 345 PARK AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

2/12/2015
(Street)

NEW YORK, NY 10154
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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 Right (Obligation to Sell)     (1) (2) 2/12/2015     J   (1) (2)       9885.3043    2/12/2015     (1) (2) Common Stock   (2) (3) 4452839.77     (1) (2) 9885.3043   I   See Footnotes   (5) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Buy)     (1) (2) 2/12/2015     J   (1) (2)    4452839.77       2/12/2015     (1) (2) Common Stock   (2) (4) 4452839.77     (1) (2) 4452839.77   I   See Footnotes   (5) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Sell)     (1) (2) 2/12/2015     J   (1) (2)       3840.2958    2/12/2015     (1) (2) Common Stock   (2) (3) 1729862.97     (1) (2) 3840.2958   I   See Footnotes   (6) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Buy)     (1) (2) 2/12/2015     J   (1) (2)    1729862.97       2/12/2015     (1) (2) Common Stock   (2) (4) 1729862.97     (1) (2) 1729862.97   I   See Footnotes   (6) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Sell)     (1) (2) 2/12/2015     J   (1) (2)       3843.1304    2/12/2015     (1) (2) Common Stock   (2) (3) 1731139.82     (1) (2) 3843.1304   I   See Footnotes   (7) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Buy)     (1) (2) 2/12/2015     J   (1) (2)    1731139.82       2/12/2015     (1) (2) Common Stock   (2) (4) 1731139.82     (1) (2) 1731139.82   I   See Footnotes   (7) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Sell)     (1) (2) 2/12/2015     J   (1) (2)       12991.4871    2/12/2015     (1) (2) Common Stock   (2) (3) 5852021.22     (1) (2) 12991.4871   I   See Footnotes   (8) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Buy)     (1) (2) 2/12/2015     J   (1) (2)    5852021.22       2/12/2015     (1) (2) Common Stock   (2) (4) 5852021.22     (1) (2) 5852021.22   I   See Footnotes   (8) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Sell)     (1) (2) 2/12/2015     J   (1) (2)       6666.6667    2/12/2015     (1) (2) Common Stock   (2) (3) 3003003.02     (1) (2) 6666.6667   I   See Footnotes   (9) (13) (15) (16) (17) (18) (19)
Call Right (Obligation to Buy)     (1) (2) 2/12/2015     J   (1) (2)    3003003.02       2/12/2015     (1) (2) Common Stock   (2) (4) 3003003.02     (1) (2) 3003003.02   I   See Footnotes   (9) (13) (15) (16) (17) (18) (19)
Call Right (Obligation to Sell)     (1) (2) 2/12/2015     J   (1) (2)       16121.7415    2/12/2015     (1) (2) Common Stock   (2) (3) 7262045.72     (1) (2) 16121.7415   I   See Footnotes   (10) (13) (15) (16) (17) (18) (19)
Call Right (Obligation to Buy)     (1) (2) 2/12/2015     J   (1) (2)    7262045.72       2/12/2015     (1) (2) Common Stock   (2) (4) 7262045.72     (1) (2) 7262045.72   I   See Footnotes   (10) (13) (15) (16) (17) (18) (19)
Call Right (Obligation to Sell)     (1) (2) 2/12/2015     J   (1) (2)       28751.3742    2/12/2015     (1) (2) Common Stock   (2) (3) 12951069.46     (1) (2) 28751.3742   I   See Footnotes   (11) (14) (15) (16) (17) (18) (19)
Put Right (Obligation to Buy)     (1) (2) 2/12/2015     J   (1) (2)    12951069.46       2/12/2015     (1) (2) Common Stock   (2) (4) 12951069.46     (1) (2) 12951069.46   I   See Footnotes   (11) (14) (15) (16) (17) (18) (19)
Call Right (Obligation to Sell)     (1) (2) 2/12/2015     J   (1) (2)       17900    2/12/2015     (1) (2) Common Stock   (2) (3) 8063063.06     (1) (2) 17900   I   See Footnotes   (12) (14) (15) (16) (17) (18) (19)
Put Right (Obligation to Buy)     (1) (2) 2/12/2015     J   (1) (2)    8063063.06       2/12/2015     (1) (2) Common Stock   (2) (4) 8063063.06     (1) (2) 8063063.06   I   See Footnotes   (12) (14) (15) (16) (17) (18) (19)

Explanation of Responses:
( 1)  On April 9, 2014, the Issuer, GSO Capital Partners LP and the GSO Funds (as defined below) entered into a Subscription Agreement (the "Subscription Agreement") to purchase Series E Convertible Preferred Stock of the Issuer (the "Purchased Shares"). On February 12, 2015, in connection with the amendment of other transaction documents related to the Subscription Agreement, the above mentioned parties entered into Amendment No. 1 to the Subscription Agreement (the Subscription Agreement, as so amended, the "Amended Subscription Agreement"). Pursuant to Amendment No. 1, the Amended Subscription Agreement provides that, subject to certain conditions, at any time after February 12, 2015, in the Issuer's sole discretion, the Issuer has the right to purchase all, but not less than all, of the Purchased Shares from the purchasers.
( 2)  Upon exercise of its call right described in Footnote 1 above, the Issuer shall purchase the Purchased Shares in exchange for (a) $1,000 in cash per Purchased Share (as adjusted for any stock splits, stock dividends, recapitalizations or the like), plus any accrued and unpaid dividends thereon and (b) warrants exercisable for the number of shares of the Issuer's common stock ("Common Stock") equal to the number of shares of Common Stock into which such purchaser's Purchased Shares are then convertible ("Repurchase Warrants"). If issued, the Repurchase Warrants will have an exercise price equal to the conversion price of the Purchased Shares (the "Conversion Price"), which is $2.22 per share (subject to appropriate adjustment for stock splits, dividends, combinations, recapitalizations and the like).
( 3)  Reflects the shares of Common Stock underlying the Series E Convertible Preferred Stock relating to the call right.
( 4)  Reflects the shares of Common Stock underlying the Repurchase Warrants relating to the call right.
( 5)  GSO Cactus Credit Opportunities Fund LP directly holds these securities.
( 6)  Steamboat Credit Opportunities Master Fund LP directly holds these securities.
( 7)  GSO Coastline Credit Partners LP directly holds these securities.
( 8)  GSO Aiguille des Grands Montets Fund II LP directly holds these securities.
( 9)  GSO Palmetto Opportunistic Investment Partners LP directly holds these securities. GSO Palmetto Opportunistic Associates LLC is the general partner of GSO Palmetto Opportunistic Investment Partners LP.
( 10)  GSO Credit-A Partners LP directly holds these securities. GSO Credit-A Associates LLC is the general partner of GSO Credit-A Partners LP.
( 11)  GSO Special Situations Fund LP directly holds these securities.
( 12)  GSO Special Situations Overseas Master Fund Ltd directly holds these securities (GSO Special Situations Overseas Master Fund Ltd, together with GSO Cactus Credit Opportunities Fund LP, Steamboat Credit Opportunities Master Fund LP, GSO Coastline Credit Partners LP, GSO Aiguille des Grands Montets Fund II LP, GSO Palmetto Opportunistic Investment Partners LP, GSO Credit-A Partners LP and GSO Special Situations Fund LP, the "GSO Funds").
( 13)  GSO Holdings I L.L.C. is the managing member of each of GSO Palmetto Opportunistic Associates LLC and GSO Credit-A Associates LLC.
( 14)  GSO Capital Partners LP serves as the investment manager of each of GSO Cactus Credit Opportunities Fund LP, Steamboat Credit Opportunities Master Fund LP, GSO Coastline Credit Partners LP, GSO Aiguille des Grands Montets Fund II LP, GSO Special Situations Fund LP and GSO Special Situations Overseas Master Fund Ltd. GSO Advisor Holdings L.L.C. is the general partner of GSO Capital Partners LP.
( 15)  Blackstone Holdings I L.P. is a managing member of each of GSO Holdings I L.L.C. and the sole member of GSO Advisor Holdings L.L.C. Blackstone Holdings I/II GP Inc. is the general partner of Blackstone Holdings I L.P. The Blackstone Group L.P. is the controlling shareholder of Blackstone Holdings I/II GP Inc. Blackstone Group Management L.L.C. is the general partner of The Blackstone Group L.P. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
( 16)  In addition, each of Bennett J. Goodman, J. Albert Smith III and Douglas I. Ostrover may be deemed to have shared voting power and/or investment power with respect to the securities held by the GSO Funds. Mr. Ostrover is a member of the board of directors of the Issuer (3) GSO Cactus Credit Opportunities Fund LP directly holds these securities.
( 17)  Due to the limitations of the electronic filing system, GSO Holdings I L.L.C., GSO Capital Partners LP, GSO Advisor Holdings L.L.C., Blackstone Holdings I L.P., Blackstone Holdings I/II GP Inc., The Blackstone Group L.P., Blackstone Group Management L.L.C., Stephen A. Schwarzman, Bennett J. Goodman, J. Albert Smith III and Douglas I. Ostrover are filing separate Forms 4.
( 18)  Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
( 19)  Each of the Reporting Persons (other than each of GSO Funds to the extent they directly hold securities reported herein), disclaims beneficial ownership of the securities held by each of the GSO Funds, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than each of the GSO Funds to the extent they directly hold securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GSO Palmetto Opportunistic Associates LLC
C/O GSO CAPITAL PARTNERS LP,
345 PARK AVENUE
NEW YORK, NY 10154

X

GSO Cactus Credit Opportunities Fund LP
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X

Steamboat Credit Opportunities Master Fund LP
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X

GSO Coastline Credit Partners LP
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X

GSO Aiguille des Grands Montets Fund II LP
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X

GSO Palmetto Opportunistic Investment Partners LP
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X

GSO Credit-A Partners LP
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X

GSO Credit-A Associates LLC
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X

GSO Special Situations Fund LP
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X

GSO Special Situations Overseas Master Fund Ltd.
C/O GSO CAPITAL PARTNERS LP
345 PARK AVENUE
NEW YORK, NY 10154

X


Signatures
GSO Cactus Credit Opportunities Fund LP, By: GSO Capital Partners LP, its investment advisor, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

Steamboat Credit Opportunities Master Fund LP, By: GSO Capital Partners LP, its investment advisor, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

GSO Coastline Credit Partners LP, By: GSO Capital Partners LP, its investment advisor, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

GSO Aiguille des Grands Montets Fund II LP, By: GSO Capital Partners LP, its investment manager, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

GSO Palmetto Opportunistic Investment Partners LP, By: GSO Palmetto Opportunistic Associates LLC, its general partner, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

GSO Credit A-Partners LP, By: GSO Credit-A Associates LLC, its general partner, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

GSO Palmetto Opportunistic Associates LLC, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

GSO Credit-A Associates LLC, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

GSO Special Situations Fund LP, By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date

GSO Special Situations Overseas Master Fund Ltd., By: /s/ Marisa Beeney, Name: Marisa Beeney, Title: Authorized Signatory 2/25/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.

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