d1486151_13d-a.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
AMENDMENT NO. 2 TO SCHEDULE 13D
 
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
DYNEGY INC.
(Name of Issuer)

Common stock, par value $0.01 per share
(Title of Class of Securities)

26817R108
(CUSIP Number)

Dimitris Hannas
c/o Seatankers Management Co. Ltd.
P.O. Box 535632
CY 3399
Limassol, Cyprus
011 357 25 858300
 
with a copy to:
Gary J. Wolfe, Esq.
Seward & Kissel LLP
One Battery Park Plaza
New York, New York 10004
(212) 574-1200
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)

June 16, 2014
(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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13D-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [_].
 

   
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.
26817R108
   

1.
NAME OF REPORTING PERSONS
 
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
     
 
Geveran Investments Limited
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
[X]
   
(b)
[_]
       
3.
SEC USE ONLY
 
     
     
     
4.
SOURCE OF FUNDS
 
     
 
WC
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Cyprus
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
67,500
 
     
9.
SOLE DISPOSITIVE POWER
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
[_]
     
 
67,500
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
67,500
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
0.07%*
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
CO
 
     
*
Based on 100,312,835 common shares outstanding as reported in the Form DEF 14A filed by the Issuer with the Securities and Exchange Commission on April 11, 2014.


 
 

 

 
CUSIP No.
26817R108
   

1.
NAME OF REPORTING PERSONS
 
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
     
 
Franklin Enterprises Inc.
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
[X]
   
(b)
[_]
       
3.
SEC USE ONLY
 
     
     
     
4.
SOURCE OF FUNDS
 
     
 
OO
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Liberia
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
4,516,682
 
     
9.
SOLE DISPOSITIVE POWER
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
[_]
     
 
4,516,682
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
4,516,682
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
4.50%*
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
CO
 
     

*
Based on 100,312,835 common shares outstanding as reported in the Form DEF 14A filed by the Issuer with the Securities and Exchange Commission on April 11, 2014.


 
 

 


CUSIP No.
26817R108
   

1.
NAME OF REPORTING PERSONS
 
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
     
 
Famatown Finance Limited
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
[X]
   
(b)
[_]
       
3.
SEC USE ONLY
 
     
     
     
4.
SOURCE OF FUNDS
 
     
 
OO
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Cyprus
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
205,384
 
     
9.
SOLE DISPOSITIVE POWER
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
[_]
     
 
205,384
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
205,384
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
0.20%*
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
CO
 
     

*
Based on 100,312,835 common shares outstanding as reported in the Form DEF 14A filed by the Issuer with the Securities and Exchange Commission on April 11, 2014.


 
 

 

 
CUSIP No.
26817R108
   

1.
NAME OF REPORTING PERSONS
 
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
     
 
Pinewood Holdings Inc.
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
[X]
   
(b)
[_]
       
3.
SEC USE ONLY
 
     
     
     
4.
SOURCE OF FUNDS
 
     
 
OO
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Liberia
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
205,384
 
     
9.
SOLE DISPOSITIVE POWER
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
[_]
     
 
205,384
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
205,384
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
0.20%*
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
CO
 
     

*
Based on 100,312,835 common shares outstanding as reported in the Form DEF 14A filed by the Issuer with the Securities and Exchange Commission on April 11, 2014.


 
 

 


CUSIP No.
26817R108
   

1.
NAME OF REPORTING PERSONS
 
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
     
 
Greenwich Holdings Limited
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
[X]
   
(b)
[_]
       
3.
SEC USE ONLY
 
     
     
     
4.
SOURCE OF FUNDS
 
     
 
WC, OO
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Cyprus
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
4,584,182
 
     
9.
SOLE DISPOSITIVE POWER
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
[_]
     
 
4,584,182
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
4,584,182
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
4.57%*
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
CO
 
     

*
Based on 100,312,835 common shares outstanding as reported in the Form DEF 14A filed by the Issuer with the Securities and Exchange Commission on April 11, 2014.


 
 

 


CUSIP No.
26817R108
   

1.
NAME OF REPORTING PERSONS
 
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
     
 
C.K. Limited
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
[X]
   
(b)
[_]
       
3.
SEC USE ONLY
 
     
     
     
4.
SOURCE OF FUNDS
 
     
 
WC, OO
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Jersey
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
4,584,182
 
     
9.
SOLE DISPOSITIVE POWER
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
[_]
     
 
4,584,182
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
4,584,182
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
4.57%*
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
OO
 
     

*
Based on 100,312,835 common shares outstanding as reported in the Form DEF 14A filed by the Issuer with the Securities and Exchange Commission on April 11, 2014.


 
 

 


CUSIP No.
26817R108
   

1.
NAME OF REPORTING PERSONS
 
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
     
 
GSA Limited.
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
[X]
   
(b)
[_]
       
3.
SEC USE ONLY
 
     
     
     
4.
SOURCE OF FUNDS
 
     
 
OO
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Jersey
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
205,384
 
     
9.
SOLE DISPOSITIVE POWER
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
[_]
     
 
205,384
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
205,384
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
0.20%*
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
OO
 
     
*
Based on 100,312,835 common shares outstanding as reported in the Form DEF 14A filed by the Issuer with the Securities and Exchange Commission on April 11, 2014.


 
 

 


CUSIP No.
26817R108
   
 
Item 1.
Security and Issuer.
   
This Amendment No. 2 to the Statement on Schedule 13D ("Schedule 13D") relates to the Common Shares, par value $0.01 (the "Common Shares"), of Dynegy Inc., a Delaware corporation (the "Issuer"), and is filed in order to report a decline below 5% in the ownership by the Reporting Persons of the Common Shares.
 
The address of the Issuer's principal executive offices is 601 Travis Street, Suite 1400, Houston, TX 77002.

 
Item 2.
Identity and Background.
   
No change from the Schedule 13D.
 
 
Item 3.
Source and Amount of Funds or Other Consideration.
   
As set forth on Annex A to this Amendment No. 2, since the date of Amendment No. 1 to Schedule 13D, the Reporting Persons have disposed of Common Shares.
 
Item 4.
Purpose of Transaction.
 
   
No change from the Schedule 13D.

Item 5.
Interest in Securities of the Issuer.
 

(a. and b.)  The aggregate number and percentage of Common Shares beneficially owned by the Reporting Persons (on the basis of a total of 100,312,835 Common Shares of the Issuer issued and outstanding as of April 11, 2014) are as follows:

Geveran

a)
Amount beneficially owned:
67,500
Percentage:  0.07%
b)
Number of Common Shares to which the Reporting person has:
 
 
i.
Sole power to vote or to direct the vote:
0
 
 
ii.
Shared power to vote or to direct the vote:
67,500
 
 
iii.
Sole power to dispose or to direct the disposition of:
0
 
 
iv.
Shared power to dispose or to direct the disposition of:
67,500
 

Franklin

a)
Amount beneficially owned:
4,516,682
Percentage:  4.50%
b)
Number of Common Shares to which the Reporting person has:
 
 
i.
Sole power to vote or to direct the vote:
0
 
 
ii.
Shared power to vote or to direct the vote:
4,516,682
 
 
iii.
Sole power to dispose or to direct the disposition of:
0
 
 
iv.
Shared power to dispose or to direct the disposition of:
4,516,682
 

Famatown

a)
Amount beneficially owned:
205,384
Percentage:  0.20%
b)
Number of Common Shares to which the Reporting person has:
 
 
i.
Sole power to vote or to direct the vote:
0
 
 
ii.
Shared power to vote or to direct the vote:
205,384
 
 
iii.
Sole power to dispose or to direct the disposition of:
0
 
 
iv.
Shared power to dispose or to direct the disposition of:
205,384
 


 
 

 


Greenwich

a)
Amount beneficially owned:
4,584,182
Percentage:  4.57%
b)
Number of Common Shares to which the Reporting person has:
 
 
i.
Sole power to vote or to direct the vote:
0
 
 
ii.
Shared power to vote or to direct the vote:
4,584,182
 
 
iii.
Sole power to dispose or to direct the disposition of:
0
 
 
iv.
Shared power to dispose or to direct the disposition of:
4,584,182
 

Pinewood

a)
Amount beneficially owned:
205,384
Percentage:  0.20%
b)
Number of Common Shares to which the Reporting person has:
 
 
i.
Sole power to vote or to direct the vote:
0
 
 
ii.
Shared power to vote or to direct the vote:
205,384
 
 
iii.
Sole power to dispose or to direct the disposition of:
0
 
 
iv.
Shared power to dispose or to direct the disposition of:
205,384
 

C.K. Limited

a)
Amount beneficially owned:
4,584,182
Percentage:  4.57%
b)
Number of Common Shares to which the Reporting person has:
 
 
i.
Sole power to vote or to direct the vote:
0
 
 
ii.
Shared power to vote or to direct the vote:
4,584,182
 
 
iii.
Sole power to dispose or to direct the disposition of:
0
 
 
iv.
Shared power to dispose or to direct the disposition of:
4,584,182
 


GSA Limited

a)
Amount beneficially owned:
205,384
Percentage:  0.20%
b)
Number of Common Shares to which the Reporting person has:
 
 
i.
Sole power to vote or to direct the vote:
0
 
 
ii.
Shared power to vote or to direct the vote:
205,384
 
 
iii.
Sole power to dispose or to direct the disposition of:
0
 
 
iv.
Shared power to dispose or to direct the disposition of:
205,384
 

(c.)  All transactions in the Common Shares effected during the past 60 days by the Reporting Persons are set forth in Annex A, attached to this Amendment No. 2 to Schedule 13D and incorporated herein by reference.
 
(d.)  No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Common Shares beneficially owned by the Reporting Persons.
 
(e.)  Not applicable.


Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

No change from the Schedule 13D.


Item 7.
Not applicable
   
Exhibit No.
Description
   
7.1
Joint Filing Agreement, dated October 15, 2012 (previously filed)


 
 

 



SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: June 20, 2014

 
   
GEVERAN INVESTMENTS LIMITED
     
   
By:
/s/ Demetrios Antoniou Hannas
 
   
Name:
Demeterios Antoniou Hannas
   
Title:
Director



   
FRANKLIN ENTERPRISES INC.
     
   
By:
/s/ Demetrios Antoniou Hannas
 
   
Name:
Demeterios Antoniou Hannas
   
Title:
Director



   
FAMATOWN FINANCE LIMITED
     
   
By:
/s/ Demetrios Antoniou Hannas
 
   
Name:
Demeterios Antoniou Hannas
   
Title:
Director



   
GREENWICH HOLDINGS LIMITED
     
   
By:
/s/ Demetrios Antoniou Hannas
 
   
Name:
Demeterios Antoniou Hannas
   
Title:
Director



   
PINEWOOD HOLDINGS INC.
     
   
By:
/s/ Demetrios Antoniou Hannas
 
   
Name:
Demeterios Antoniou Hannas
   
Title:
Director



   
C.K. LIMITED
     
   
By:
/s/ Demetrios Antoniou Hannas
 
   
Name:
Demeterios Antoniou Hannas
   
Title:
Director

   
GSA LIMITED
     
   
By:
/s/ Demetrios Antoniou Hannas
 
   
Name:
Demeterios Antoniou Hannas
   
Title:
Director


 
 

 


Annex A

 
PARTY EFFECTING TRANSACTION
 
 
DATE
 
 
BUY/SELL(1)
 
 
 
QUANTITY
 
   
 
PRICE
 
 
Geveran Investments Limited
5/7/2014
Sell
    (25,000 )     30.77  
Geveran Investments Limited
5/8/2014
Sell
    (100,000 )     32.03  
Geveran Investments Limited
5/12/2014
Sell
    (40,000 )     32.43  
Geveran Investments Limited
5/13/2014
Sell
    (5,000 )     31.93  
Geveran Investments Limited
5/16/2014
Sell
    (50,000 )     31.50  
Famatown Finance Limited
5/22/2014
Sell
    (50,000 )     31.62  
Famatown Finance Limited
5/23/2014
Sell
    (100,000 )     32.01  
Geveran Investments Limited
5/27/2014
Sell
    (50,000 )     32.38  
Famatown Finance Limited
5/28/2014
Sell
    (50,000 )     32.42  
Famatown Finance Limited
5/30/2014
Sell
    (160,300 )     33.43  
Famatown Finance Limited
6/2/2014
Sell
    (14,000 )     33.80  
Famatown Finance Limited
6/3/2014
Sell
    (92,515 )     33.88  
Famatown Finance Limited
6/4/2014
Sell
    (125,000 )     34.13  
Famatown Finance Limited
6/5/2014
Sell
    (128,900 )     34.79  
Famatown Finance Limited
6/6/2014
Sell
    (8,700 )     35.18  
Famatown Finance Limited
6/16/2014
Sell
    (213,500 )     36.08  

(1)
Ordinary brokers transactions on the New York Stock Exchange.