Jonathan Bilzin - 02 Jun 2024 Form 3 Insider Report for J.Jill, Inc. (JILL)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
03 Jun 2024, 17:30:09 UTC
Next SEC filing
03 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jonathan Bilzin

Key filing fact

Jonathan Bilzin filed Form 3 for J.Jill, Inc. (JILL) on 03 Jun 2024.

Key facts

  • This page summarizes Jonathan Bilzin's Form 3 filing for J.Jill, Inc. (JILL).
  • 0 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 03 Jun 2024, 17:30.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

JILL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,321,444
Date
02 Jun 2024
Ownership
See Footnotes
Footnotes
F1, F2, F3, F4, F5, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

JILL holding Derivative

Common Stock Warrants (right to purchase)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
02 Jun 2024
Ownership
See Footnotes
Underlying class
Common Stock
Underlying amount
3,311,315
Exercise price
Footnotes
F1, F2, F3, F4, F5, F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

This Initial Statement of Beneficial Ownership reflects the addition of Messrs. Jonathan Bilzin and Karim Saddi as reporting persons and the withdrawal of Mr. Ramez Sousou as a reporting person.

Footnote F2

JJill Topco Holdings, LP ("Topco") directly holds 5,321,444 shares of common stock, par value $0.01 per share, of the Issuer ("Common Stock") and 3,311,315 Warrants to purchase Common Stock ("Warrants"). Such holdings reflect a 5-for-1 reverse stock split that became effective November 9, 2020. The general partner of Topco is JJ Holdings GP, LLC, the sole member of which is TI IV JJill Holdings, LP ("TI IV"). The general partner of TI IV is TI IV JJ GP, LLC, the sole member of which is TowerBrook Investors IV (Onshore), L.P ("Investors IV"). The general partner of Investors IV is TowerBrook Investors GP IV, L.P. ("GP IV"). The general partner of GP IV is TowerBrook Investors, Ltd. ("TowerBrook Investors"). (cont'd in FN 3)

Footnote F3

(cont'd from FN 2) As a result of certain investment-related approval rights, Neal Moszkowski, Jonathan Bilzin and Karim Saddi may each be deemed to have investment control over the securities beneficially owned by TowerBrook Investors. Topco, TI IV, Investors IV, GP IV, TowerBrook Investors and Mr. Moszkowski have separately previously filed statements of beneficial ownership regarding the Common Stock and Warrants with the Commission.

Footnote F4

Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.

Footnote F5

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of such Reporting Person's pecuniary interest therein.

Footnote F6

The Reporting Persons are jointly filing this Form 3 pursuant to Rule 16a-1(a)(3) and Rule 16a-3(j) under the Exchange Act.

Footnote F7

Each Warrant is exercisable for one share of Common Stock, subject to adjustment as provided in the warrant agreement.

SEC remarks

For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons may be deemed to be directors by deputization by virtue of TI IV's contractual right to appoint directors to the board of directors of the Issuer. As a result, the "Director" box is marked in Item 4 of this Form 3. Mr. Sousou has ceased to be a beneficial owner of the shares of Common Stock and Warrants and is no longer subject to Section 16 with respect to such securities.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .