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. 5)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)

May 25, 2021**

(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 7 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 7 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

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 — 861,000 **

BIP GP LLC — 560,693 **

WAM GP LLC — 861,000 **

Andrew M. Weiss — 861,000 **

     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 — 861,000 **

BIP GP LLC — 560,693 **

WAM GP LLC — 861,000 **

Andrew M. Weiss — 861,000 **

 

**

Please see Item 5.


CUSIP No.  12477X106   13D/A   Page 3 of 7 Pages

 

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Weiss Asset Management LP — 861,000 **

BIP GP LLC — 560,693 **

WAM GP LLC — 861,000 **

Andrew M. Weiss — 861,000 **

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 — 4.98% **

BIP GP LLC — 3.24% **

WAM GP LLC — 4.98% **

Andrew M. Weiss — 4.98% **

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. 5 (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 $20.28 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 17,304,111 Shares of the Issuer’s Common Stock issued and outstanding as of April 28, 2021, as reported in the 10-Q of the Issuer filed on April 30, 2021. 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 7 Pages

 

(a) and (b)     560,693 Shares, representing approximately 3.24% 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.

300,307 Shares, representing approximately 1.74% 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)     As of May 25, 2021, no Reporting Person holds more than 5% of the outstanding shares of the Issuer’s Common Stock. .


CUSIP No.  12477X106   13D/A   Page 5 of 7 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.

May 26, 2021

 

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 7 Pages

 

Schedule A

Transactions Effected in Last 60 Days

Transactions by BIP:

 

Date

  

Type of Transaction

  

Number of Shares

   Purchase Price
            Per Share ($)             
 

5/25/2021

   Open Market Sale    11526    $ 40.34  

5/25/2021

   Open Market Sale    6056    $ 40.32  

5/24/2021

   Open Market Sale    3038    $ 40.39  

5/21/2021

   Open Market Sale    3780    $ 41.47  

5/20/2021

   Open Market Sale    6512    $ 41.25  

5/19/2021

   Open Market Sale    3657    $ 41.08  

5/18/2021

   Open Market Sale    6007    $ 42.40  

5/17/2021

   Open Market Sale    6512    $ 42.69  

5/17/2021

   Open Market Sale    912    $ 42.54  

5/14/2021

   Open Market Sale    10455    $ 42.90  

5/13/2021

   Open Market Sale    6031    $ 41.57  

5/12/2021

   Open Market Sale    8248    $ 41.85  

5/11/2021

   Open Market Sale    5497    $ 42.35  

5/10/2021

   Open Market Sale    4094    $ 45.00  

  5/7/2021

   Open Market Sale    4501    $ 44.07  

  5/6/2021

   Open Market Sale    4594    $ 42.94  

  5/5/2021

   Open Market Sale    9768    $ 43.28  

  5/4/2021

   Open Market Sale    10400    $ 43.29  

  5/3/2021

   Open Market Sale    4876    $ 43.89  

4/30/2021

   Open Market Sale    10888    $ 42.78  

4/29/2021

   Open Market Sale    7964    $ 43.62  

4/28/2021

   Open Market Sale    3132    $ 45.51  

4/27/2021

   Open Market Sale    12243    $ 44.45  

4/27/2021

   Open Market Sale    10419    $ 44.64  

4/22/2021

   Open Market Sale    1197    $ 41.66  

4/22/2021

   Open Market Sale    3256    $ 41.12  

4/21/2021

   Open Market Sale    7878    $ 42.31  

4/20/2021

   Open Market Sale    130    $ 43.88  

4/19/2021

   Open Market Sale    2645    $ 44.34  

4/16/2021

   Open Market Sale    2690    $ 44.19  

4/15/2021

   Open Market Sale    5878    $ 45.26  

4/14/2021

   Open Market Sale    4194    $ 46.26  

4/13/2021

   Open Market Sale    7552    $ 44.56  

4/12/2021

   Open Market Sale    2318    $ 45.20  

  4/9/2021

   Open Market Sale    1357    $ 43.55  

  4/8/2021

   Open Market Sale    1111    $ 43.93  

  4/7/2021

   Open Market Sale    5246    $ 45.12  

  4/6/2021

   Open Market Sale    2389    $ 45.25  

  4/5/2021

   Open Market Sale    2617    $ 47.22  

  4/5/2021

   Open Market Sale    5555    $ 46.90  

  4/1/2021

   Open Market Sale    2547    $ 45.08  

3/31/2021

   Open Market Sale    725    $ 46.32  

3/31/2021

   Open Market Sale    13024    $ 45.81  

3/30/2021

   Open Market Sale    2219    $ 45.55  

3/30/2021

   Open Market Sale    26048    $ 45.30  

3/29/2021

   Open Market Sale    2182    $ 46.77  

3/26/2021

   Open Market Sale    781    $ 46.85  


CUSIP No.  12477X106   13D/A   Page 7 of 7 Pages

 

Transactions by BGO:

 

Date

  

Type of Transaction

  

Number of Shares

   Purchase Price
            Per Share ($)             
 

5/25/2021

   Open Market Sale    6174    $ 40.34  

5/25/2021

   Open Market Sale    3244    $ 40.32  

5/24/2021

   Open Market Sale    1627    $ 40.39  

5/21/2021

   Open Market Sale    2024    $ 41.47  

5/20/2021

   Open Market Sale    3488    $ 41.25  

5/19/2021

   Open Market Sale    1958    $ 41.08  

5/18/2021

   Open Market Sale    3218    $ 42.40  

5/17/2021

   Open Market Sale    3488    $ 42.69  

5/17/2021

   Open Market Sale    488    $ 42.54  

5/14/2021

   Open Market Sale    5600    $ 42.90  

5/13/2021

   Open Market Sale    3230    $ 41.57  

5/12/2021

   Open Market Sale    4417    $ 41.85  

5/11/2021

   Open Market Sale    2944    $ 42.35  

5/10/2021

   Open Market Sale    2193    $ 45.00  

  5/7/2021

   Open Market Sale    2411    $ 44.07  

  5/6/2021

   Open Market Sale    2460    $ 42.94  

  5/5/2021

   Open Market Sale    5232    $ 43.28  

  5/4/2021

   Open Market Sale    5570    $ 43.29  

  5/3/2021

   Open Market Sale    2611    $ 43.89  

4/30/2021

   Open Market Sale    5832    $ 42.78  

4/29/2021

   Open Market Sale    4265    $ 43.62  

4/28/2021

   Open Market Sale    1678    $ 45.51  

4/27/2021

   Open Market Sale    6558    $ 44.45  

4/27/2021

   Open Market Sale    5581    $ 44.64  

4/22/2021

   Open Market Sale    641    $ 41.66  

4/22/2021

   Open Market Sale    1744    $                           41.12  

4/21/2021

   Open Market Sale    4219    $ 42.31  

4/20/2021

   Open Market Sale    70    $ 43.88  

4/19/2021

   Open Market Sale    1416    $ 44.34  

4/16/2021

   Open Market Sale    1440    $ 44.19  

4/15/2021

   Open Market Sale    3148    $ 45.26  

4/14/2021

   Open Market Sale    2246    $ 46.26  

4/13/2021

   Open Market Sale    4045    $ 44.56  

4/12/2021

   Open Market Sale    1242    $ 45.20  

  4/9/2021

   Open Market Sale    731    $ 43.55  

  4/8/2021

   Open Market Sale    595    $ 43.93  

  4/7/2021

   Open Market Sale    2810    $ 45.12  

  4/6/2021

   Open Market Sale    1280    $ 45.25  

  4/5/2021

   Open Market Sale    1402    $ 47.22  

  4/5/2021

   Open Market Sale    2975    $ 46.90  

  4/1/2021

   Open Market Sale    1364    $ 45.08  

3/31/2021

   Open Market Sale    388    $ 46.32  

3/31/2021

   Open Market Sale    6976    $ 45.81  

3/30/2021

   Open Market Sale    1189    $ 45.55  

3/30/2021

   Open Market Sale    13952    $ 45.30  

3/29/2021

   Open Market Sale    1169    $ 46.77  

3/26/2021

   Open Market Sale    419    $ 46.85