Major owner of AutoNation just disposed of 945,067 shares

Edward S Lampert, a major owner of AutoNation, recently disposed of 945,067 shares of the company. The disposals took place at $0.00 per share, on March 01, 2021. Lampert still owns 10,715,688 shares of the company. Lampert operates out of Bay Harbor Islands, FL. Some additional info was provided as follows:


Represents shares of common stock of AutoNation, Inc. (the "Issuer"), par value $0.01 per share ("Shares"), that were distributed by ESL Partners, L.P. ("Partners") on a pro rata basis to certain limited partners that elected in 2021 to redeem all of their direct or indirect interest in Partners.
This statement is jointly filed by and on behalf of each of Edward S. Lampert, Partners, RBS Partners, L.P. ("RBS"), and ESL Investments, Inc. ("ESL"). Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.
RBS is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.
The reporting persons state that neither the filing of this statement nor anything herein shall be deemed an admission that such persons are, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, the beneficial owners of any securities covered by this statement. The reporting persons disclaim beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such persons in such securities.
The reporting persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Exchange Act. The reporting persons declare that neither the filing of this statement nor anything herein shall be construed as an admission that such persons are, for the purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.
Represents Shares directly beneficially owned by Partners.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever AutoNation makes a similar move, sign up!

Auto Refresh

Feedback