Asbury Automotive Group, Inc.
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Common Stock, par value $0.01 per share
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043436104
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December 31, 2018
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(Date of Event which Requires Filing of this Statement)
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[ ]
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Rule 13d-1(b)
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[X]
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Rule 13d-1(c)
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[ ]
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Rule 13d-1(d)
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1
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Names of Reporting Persons.
Abrams Capital Partners II, L.P.
Abrams Capital, LLC
Abrams Capital Management, LLC
Abrams Capital Management, L.P.
David Abrams
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Abrams Capital Partners II, L.P. – Delaware
Abrams Capital, LLC – Delaware
Abrams Capital Management, LLC – DelawareAbrams Capital Management, L.P. – Delaware
David Abrams – United States
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
Abrams Capital Partners II, L.P. – 0 shares
Abrams Capital, LLC – 0 shares
Abrams Capital Management, LLC – 0 sharesAbrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
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6 Shared Voting Power
Abrams Capital Partners II, L.P. – 1,541,792 shares
Abrams Capital, LLC – 1,819,132 shares
Abrams Capital Management, LLC – 1,902,528 sharesAbrams Capital Management, L.P. – 1,902,528 shares
David Abrams – 1,902,528 shares
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7 Sole Dispositive Power
Abrams Capital Partners II, L.P. – 0 shares
Abrams Capital, LLC – 0 shares
Abrams Capital Management, LLC – 0 sharesAbrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
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8 Shared Dispositive Power
Abrams Capital Partners II, L.P. – 1,541,792 shares
Abrams Capital, LLC – 1,819,132 shares
Abrams Capital Management, LLC – 1,902,528 sharesAbrams Capital Management, L.P. – 1,902,528 shares
David Abrams – 1,902,528 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
Abrams Capital Partners II, L.P. – 1,541,792 shares
Abrams Capital, LLC – 1,819,132 shares
Abrams Capital Management, LLC – 1,902,528 sharesAbrams Capital Management, L.P. – 1,902,528 shares
David Abrams – 1,902,528 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
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11
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Percent of Class Represented by Amount in Row (9)
Abrams Capital Partners II, L.P. – 7.87%
Abrams Capital, LLC – 9.28%
Abrams Capital Management, LLC – 9.71%Abrams Capital Management, L.P. – 9.71%
David Abrams – 9.71%
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12
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Type of Reporting Person (See Instructions)
Abrams Capital Partners II, L.P. – OO (Limited Partnership)
Abrams Capital, LLC – OO (Limited Liability Company)
Abrams Capital Management, LLC – OO (Limited Liability Company)Abrams Capital Management, L.P. – OO (Limited Partnership)
David Abrams – IN
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Item 1
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(a)
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Name of Issuer
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Asbury Automotive Group, Inc.
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(b)
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Address of Issuer's Principal Executive Offices
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2905 Premiere Parkway NW, Suite 300, Duluth, Georgia 30097
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Item 2
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(a)
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Name of Person Filing
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Abrams Capital Partners II, L.P.
Abrams Capital, LLC
Abrams Capital Management, LLCAbrams Capital Management, L.P.
David Abrams
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(b)
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Address of Principal Business Office or, if none, Residence
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Abrams Capital Partners II, L.P.
Abrams Capital, LLC
Abrams Capital Management, LLCAbrams Capital Management, L.P.
David Abrams
c/o Abrams Capital Management, L.P.
222 Berkeley Street, 21st Floor
Boston, MA 02116
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(c)
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Citizenship
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Abrams Capital Partners II, L.P. – Delaware
Abrams Capital, LLC – Delaware
Abrams Capital Management, LLC - DelawareAbrams Capital Management, L.P. - Delaware
David Abrams - United States
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(d)
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Title of Class of Securities
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Common Stock, par value $0.01 per share
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(e)
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CUSIP Number
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043436104
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Item 3
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ]
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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(b)
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[ ]
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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[ ]
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Insurance Company as defined in Section 3(a)(19) of the Act;
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(d)
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[ ]
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
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(e)
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[ ]
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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[ ]
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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[ ]
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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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[ ]
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[ ]
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3);
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(j)
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[ ]
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A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
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(k)
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[ ]
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Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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Item 4
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Ownership
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Item 4(a)
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Amount Beneficially Owned**
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Abrams Capital Partners II, L.P. – 1,541,792 shares
Abrams Capital, LLC – 1,819,132 shares
Abrams Capital Management, LLC – 1,902,528 shares
Abrams Capital Management, L.P. – 1,902,528 shares
David Abrams – 1,902,528 shares
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Item 4(b)
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Percent of Class
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Abrams Capital Partners II, L.P. – 7.87%
Abrams Capital, LLC – 9.28%
Abrams Capital Management, LLC – 9.71%Abrams Capital Management, L.P. – 9.71%
David Abrams – 9.71%
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Item 4(c)
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Number of shares as to which each such person has voting and dispositive power:
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(i)
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sole power to vote or to direct the vote
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Abrams Capital Partners II, L.P. – 0 shares
Abrams Capital, LLC – 0 shares
Abrams Capital Management, LLC – 0 sharesAbrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
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(ii)
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shared power to vote or to direct the vote
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Abrams Capital Partners II, L.P. – 1,541,792 shares
Abrams Capital, LLC – 1,819,132 shares
Abrams Capital Management, LLC – 1,902,528 shares
Abrams Capital Management, L.P. – 1,902,528 shares
David Abrams – 1,902,528 shares
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(iii)
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sole power to dispose or to direct the disposition of
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Abrams Capital Partners II, L.P. – 0 shares
Abrams Capital, LLC – 0 shares
Abrams Capital Management, LLC – 0 sharesAbrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
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(iv)
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shared power to dispose or to direct the disposition of
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Abrams Capital Partners II, L.P. – 1,541,792 shares
Abrams Capital, LLC – 1,819,132 shares
Abrams Capital Management, LLC – 1,902,528 shares
Abrams Capital Management, L.P. – 1,902,528 shares
David Abrams – 1,902,528 shares
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Item 5
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Ownership of Five Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more
than 5 percent of the class of securities, check the following [ ].
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Item 6
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Ownership of More than Five Percent on Behalf of Another Person
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Not applicable.
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Item 7
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
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Not applicable.
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Item 8
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Identification and Classification of Members of the Group
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Not applicable.
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Item 9
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Notice of Dissolution of Group
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Not applicable.
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Item 10
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Certification
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Exhibits
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Exhibit
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99.1
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Joint Filing Agreement by and among the Reporting Persons.
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ABRAMS CAPITAL PARTNERS II, L.P. | |
By: Abrams Capital, LLC, | |
its General Partner
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By: /s/ David Abrams
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David Abrams, Managing Member
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ABRAMS CAPITAL, LLC | |
By: /s/ David Abrams | |
David Abrams, Managing Member | |
ABRAMS CAPITAL MANAGEMENT, LLC
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By: /s/ David Abrams
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David Abrams, Managing Member
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ABRAMS CAPITAL MANAGEMENT, L.P.
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By: Abrams Capital Management, LLC,
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its General Partner
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By: /s/ David Abrams
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David Abrams, Managing Member
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DAVID ABRAMS
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By: /s/ David Abrams
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David Abrams, individually
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