After hours tonight, Mr. Allin filed his first Schedule 13G ownership report — at the SEC, as the ’34 Act dictates, for more than five per cent holders of public companies.
With all the shares he has the right to acquire — within 60 days of December 31, 2015 (the 13G’s measuring date), he has beneficial ownership and voting control over 2,228,551 shares of Textura common stock. He has filed Forms 4 before, as part of the management team, but those are for a slightly different purpose, under Section 16, than the so-called Williams Act Schedule 13 filings. Even so, he only showed a little under 814,000 shares, on his last Form 4 — as an insider (filed in May 2015).
And so — the central question will be, after tomorrow’s results call — will he still be a long-term, non activist holder; a seller(?), or… a buyer(?)…
I guess we will learn in due course.