SC 13D/A

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D/A

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENT

FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO

FILED PURSUANT TO RULE 13d-2(a)

(AMENDMENT NO. 2)1

 

 

CAI International, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

12477X106

(CUSIP Number)

Weiss Asset Management LP

c/o Georgiy Nikitin

222 Berkeley St.

16th Floor

Boston, MA 02116

(617) 778-7725

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

January 31, 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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13(d)-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 Rule 13d-7 for other parties to whom copies are to be sent.

 

(Continued on following pages)

(Page 1 of 6 Pages)

 

  **

Please see Item 5.

 

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.  12477X106   13D/A    Page 2 of 6 Pages

 

  1      

NAMES OF REPORTING PERSONS.

 

Weiss Asset Management LP

BIP GP LLC

WAM GP LLC

Andrew M. Weiss Ph.D.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ☐

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Weiss Asset Management LP is a Delaware limited partnership.

BIP GP LLC is a Delaware limited liability company.

WAM GP LLC is a Delaware limited liability company.

Andrew M. Weiss is a United States citizen.

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7       

SOLE VOTING POWER

 

Weiss Asset Management LP — 0 shares

BIP GP LLC — 0 shares

WAM GP LLC — 0 shares

Andrew M. Weiss — 0 shares

     8   

SHARED VOTING POWER

 

Weiss Asset Management LP — 1,430,751 **

BIP GP LLC — 938,016 **

WAM GP LLC — 1,430,751 **

Andrew M. Weiss — 1,430,751 **

     9   

SOLE DISPOSITIVE POWER

 

Weiss Asset Management LP — 0 shares

BIP GP LLC — 0 shares

WAM GP LLC — 0 shares

Andrew M. Weiss — 0 shares

   10   

SHARED DISPOSITIVE POWER

 

Weiss Asset Management LP — 1,430,751 **

BIP GP LLC — 938,016**

WAM GP LLC — 1,430,751 **

Andrew M. Weiss — 1,430,751 **

 

**

Please see Item 5.


CUSIP No.  12477X106   13D/A    Page 3 of 6 Pages

 

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Weiss Asset Management LP — 1,430,751 **

BIP GP LLC — 938,016**

WAM GP LLC — 1,430,751 **

Andrew M. Weiss — 1,430,751 **

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13      

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

Weiss Asset Management LP — 8.21% **

BIP GP LLC — 5.38% **

WAM GP LLC — 8.21% **

Andrew M. Weiss — 8.21% **

14  

TYPE OF REPORTING PERSON

 

Weiss Asset Management LP – IA, PN

BIP GP LLC — HC, OO

WAM GP LLC – HC, OO

Andrew M. Weiss – HC, IN

This Amendment No. 2 (this “Amendment”) to Schedule 13D amends the Schedule 13D initially filed on August 23, 2019, (as amended prior to the date hereof, the “Prior Schedule 13D” and, as so amended by this Amendment, the “Schedule 13D”) with respect to the items set forth below. Capitalized terms used without definition in this Amendment have the meanings assigned to them in the Prior Schedule 13D.

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows:

The Shares were acquired in open market purchases for an aggregate of approximately $32.8 million cash by: (i) BIP of which BIP GP LLC is the sole General Partner and (ii) Brookdale Global Opportunity Fund, a Cayman exempted company (“BGO” and together with BIP, the “Funds”), for which Weiss Asset Management LP acts as the Investment Manager.

The source of such funds was the working capital of the Funds.

Item 5. Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

The percentages set forth in Row 13 of the cover page and in this Item 5 have been calculated based on 17,425,754 Shares of the Issuer’s Common Stock issued and outstanding as of October 31, 2019, as reported in the Issuer’s Form 10-Q filed on November 1, 2019 (the “Form 10-Q”). Each of the Reporting Persons disclaims beneficial ownership of all of the Shares, except to the extent of its or his pecuniary interest therein, and the filing of this Schedule 13D shall not be deemed an admission of beneficial ownership of any Shares for any purpose.


CUSIP No.  12477X106   13D/A    Page 4 of 6 Pages

 

(a) and (b)    938,016 Shares, representing approximately 5.38% of the outstanding shares of the Issuer, are held by BIP. BIP GP LLC is the general partner of BIP. Weiss Asset Management LP is the investment manager of BIP. Dr. Weiss is the managing member of each of BIP GP LLC and WAM GP LLC and in such capacity has the power to vote and dispose of such Shares.

492,735 Shares, representing approximately 2.83% of the outstanding shares of the Issuer, are held by BGO. Weiss Asset Management LP is the investment manager of BGO. Dr. Weiss is the managing member of WAM GP LLC and in such capacity has the power to vote and dispose of such Shares.

See Rows 7-13 of the cover page above for the aggregate number and percentage beneficially owned by each of the Reporting Persons.

(c)    The transactions in the Issuer’s Common Stock engaged in by BIP and BGO during the past 60 days are set forth on Schedule A hereto, which is hereby incorporated herein by reference. All of such transactions were open-market purchases.

(d)    Other than the Funds that directly hold the securities of the Issuer, and except as set forth in this Item 5, no other person is known to have the right to receive, or the power to direct the receipt of, dividends from or proceeds from the sale, of the Shares.

(e)    Not applicable.


CUSIP No.  12477X106   13D/A    Page 5 of 6 Pages

 

SIGNATURES

After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete, and correct.

February 03, 2020

 

WEISS ASSET MANAGEMENT LP
BY: /S/ GEORGIY NIKITIN
GEORGIY NIKITIN, CHIEF COMPLIANCE OFFICER

 

BIP GP LLC
BY: /S/ GEORGIY NIKITIN
GEORGIY NIKITIN, CHIEF COMPLIANCE OFFICER

 

WAM GP LLC
BY: /S/ GEORGIY NIKITIN
GEORGIY NIKITIN, CHIEF COMPLIANCE OFFICER

 

BY: /S/ GEORGIY NIKITIN
ATTORNEY-IN-FACT FOR ANDREW WEISS**

 

 

**

Duly authorized under Power of Attorney incorporated herein by reference to the exhibit to the Form 13G/A filed by Weiss Asset Management LP on January 25, 2017 in respect of its holding in Quinpario Acquisition Corp. 2.


CUSIP No.  12477X106   13D/A    Page 6 of 6 Pages

 

Schedule A

Transactions Effected in Last 60 Days

Transactions by BIP:

 

Date                 

  

Type of Transaction

  

Number of Shares

  

Purchase Price
Per Share ($)

  1/31/2020

   Open Market Purchase    1,645    $ 27.25

  1/31/2020

   Open Market Purchase    1,680    $ 27.20

    1/7/2020

   Open Market Purchase    180    $ 28.93

    1/6/2020

   Open Market Purchase    1511    $ 28.90

    1/3/2020

   Open Market Purchase    6865    $ 28.82

    1/2/2020

   Open Market Purchase    3980    $ 28.82

12/30/2019

   Open Market Purchase    630    $ 28.94

12/27/2019

   Open Market Purchase    120    $ 28.97

12/23/2019

   Open Market Purchase    2462    $ 28.88

12/20/2019

   Open Market Purchase    1320    $ 28.86

12/20/2019

   Open Market Purchase    6000    $ 29.00

12/19/2019

   Open Market Purchase    3650    $ 28.69

12/18/2019

   Open Market Purchase    39000    $ 29.25

  12/5/2019

   Open Market Purchase    4500    $ 24.08

  12/4/2019

   Open Market Purchase    10440    $ 24.00

  12/3/2019

   Open Market Purchase    5304    $ 23.68

Transactions by BGO:

 

Date                 

  

Type of Transaction

  

Number of Shares

  

Purchase Price
Per Share ($)

  1/31/2020

   Open Market Purchase    1,097    $ 27.25

  1/31/2020

   Open Market Purchase    1,120    $ 27.20

    1/7/2020

   Open Market Purchase    120    $ 28.93

    1/6/2020

   Open Market Purchase    1008    $ 28.90

    1/3/2020

   Open Market Purchase    4577    $ 28.82

    1/2/2020

   Open Market Purchase    2653    $ 28.82

12/30/2019

   Open Market Purchase    420    $ 28.94

12/27/2019

   Open Market Purchase    80    $ 28.97

12/23/2019

   Open Market Purchase    1641    $ 28.88

12/20/2019

   Open Market Purchase    880    $ 28.86

12/20/2019

   Open Market Purchase    4000    $ 29.00

12/19/2019

   Open Market Purchase    2433    $ 28.69

12/18/2019

   Open Market Purchase    26000    $ 29.25

  12/5/2019

   Open Market Purchase    3000    $ 24.08

  12/4/2019

   Open Market Purchase    6960    $ 24.00

  12/3/2019

   Open Market Purchase    3536    $ 23.68