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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
40 North Latitude Fund LP

(Last) (First) (Middle)
9 WEST 57TH STREET
30TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/08/2018
3. Issuer Name and Ticker or Trading Symbol
GCP Applied Technologies Inc. [ GCP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value 2,386,285 I By 40 North Latitude Master Fund Ltd.(1)(2)(3)
Common Stock, $0.01 par value 2,727,519 I By 40 North Latitude SPV-D LLC(1)(2)(3)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
40 North Latitude Fund LP

(Last) (First) (Middle)
9 WEST 57TH STREET
30TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
40 NORTH LATITUDE MASTER FUND LTD.

(Last) (First) (Middle)
9 WEST 57TH STREET
30TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
40 North Latitude SPV-D LLC

(Last) (First) (Middle)
9 WEST 57TH STREET
30TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
40 NORTH GP III LLC

(Last) (First) (Middle)
9 WEST 57TH STREET
30TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WINTER DAVID S.

(Last) (First) (Middle)
9 WEST 57TH STREET
30TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MILLSTONE DAVID J.

(Last) (First) (Middle)
9 WEST 57TH STREET
30TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
40 North Management LLC

(Last) (First) (Middle)
9 WEST 57TH STREET
30TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. In addition to 40 North Latitude Fund LP, a Delaware limited partnership ("40 North Latitude Feeder"), this Form 3 is being filed jointly by 40 North Latitude Master Fund Ltd., a Cayman Islands exempted company incorporated with limited liability ("40 North Latitude Master"), 40 North Latitude SPV-D LLC, a Delaware limited liability company ("40 North Latitude SPV"), 40 North GP III LLC, a Delaware limited liability company ("40 North GP III"), David S. Winter, an American citizen, David J. Millstone, an American citizen, and 40 North Management LLC, a Delaware limited liability company ("40 North Management," and all of the foregoing, collectively, the "Reporting Persons"), each of whom has the same business address as 40 North Latitude Feeder.
2. The securities reported on this Form 3 (the "Subject Securities") are held directly by (a) 40 North Latitude Master, for which 40 North Latitude Feeder serves as a feeder fund (2,386,285 shares), and (b) 40 North Latitude SPV, a subsidiary of 40 North Latitude Master (2,727,519 shares). 40 North GP III is the general partner of 40 North Latitude Feeder, and Messrs. Winter and Millstone are the principals of 40 North GP III and 40 North Latitude SPV. 40 North Management is the investment adviser to 40 North Latitude Feeder and 40 North Latitude Master.
3. 40 North Latitude SPV, 40 North Latitude Master and 40 North Latitude Feeder, as pooled investment vehicles with direct and indirect holdings, respectively, in the Subject Securities; 40 North GP III, as the general partner of 40 North Latitude Feeder; and Messrs. Winter and Millstone, as the principals of 40 North GP III; in each case, may be deemed to beneficially own the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As an investment adviser eligible to receive only an asset-based fee in respect of the Subject Securities, 40 North Management does not beneficially own any Subject Securities for purposes of Rule 16a-1(a)(2) under the Exchange Act. Each of the Reporting Persons disclaims beneficial ownership of the Subject Securities except to the extent of any pecuniary interest therein.
Remarks:
Form 3 was previously filed by the Reporting Persons on 4/13/2018 for a Date of Event of 4/3/2018 ("Initial Date of Event"). As of the Initial Date of Event, the Reporting Persons, along with other members of its reporting group (collectively, "Reporting Group"), beneficially owned over 10% of Issuer's then-current total outstanding amount of the Subject Securities. Issuer's Current Report on Form 8-K filed with the SEC on 8/7/2018 updated its total number of shares outstanding as of 6/30/2018. As a result, the Reporting Group beneficially owned less than 10% of Issuer's total outstanding amount of the Subject Securities. The Reporting Group did not purchase or sell Subject Securities from the Initial Date of Event through and including 8/7/2018. This Form 3 is being filed because one or more members of the Reporting Group purchased additional Subject Securities on 8/8/2018 resulting in the Reporting Group once again becoming a 10% Owner.
40 North Latitude Fund LP, By: 40 North GP III LLC, By: /s/ David S. Winter, Principal, and /s/ David J. Millstone, Principal 08/10/2018
40 North Latitude Master Fund Ltd., By: /s/ David S. Winter, Director, and /s/ David J. Millstone, Director 08/10/2018
40 North Latitude SPV-D LLC By: /s/ David S. Winter, Principal, and /s/ David J. Millstone, Principal 08/10/2018
40 North GP III LLC, By: /s/ David S. Winter, Principal, and /s/ David J. Millstone, Principal 08/10/2018
/s/ David S. Winter 08/10/2018
/s/ David J. Millstone 08/10/2018
40 North Management LLC, By: /s/ David S. Winter, Principal, and /s/ David J. Millstone, Principal 08/10/2018
** 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 5 (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.
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