XPO Logistics, Inc.
|
(Name of Issuer)
|
Common stock, par value $0.001 per share
|
(Title of Class of Securities)
|
983793100
|
(CUSIP Number)
|
December 31, 2016
|
(Date of Event Which Requires Filing of this Statement)
|
CUSIP No.
|
983793100
|
|||
1.
|
NAME OF REPORTING PERSONS
|
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
Spruce House Investment Management LLC
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|||
(a) [_]
|
||||
(b) [X]
|
||||
3.
|
SEC USE ONLY
|
|||
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
Delaware
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
||||
5.
|
SOLE VOTING POWER
|
|||
0
|
||||
6.
|
SHARED VOTING POWER
|
|||
7,750,000
|
||||
7.
|
SOLE DISPOSITIVE POWER
|
|||
0
|
||||
8.
|
SHARED DISPOSITIVE POWER
|
|||
7,750,000
|
||||
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
7,750,000
|
||||
10.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|||
[_]
|
||||
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|||
7.0%
|
||||
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO, IA
|
CUSIP No.
|
983793100
|
|||
1.
|
NAME OF REPORTING PERSONS
|
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
Spruce House Capital LLC
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|||
(a) [_]
|
||||
(b) [X]
|
||||
3.
|
SEC USE ONLY
|
|||
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
Delaware
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
||||
5.
|
SOLE VOTING POWER
|
|||
0
|
||||
6.
|
SHARED VOTING POWER
|
|||
7,750,000
|
||||
7.
|
SOLE DISPOSITIVE POWER
|
|||
0
|
||||
8.
|
SHARED DISPOSITIVE POWER
|
|||
7,750,000
|
||||
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
7,750,000
|
||||
10.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|||
[_]
|
||||
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|||
7.0%
|
||||
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
|
CUSIP No.
|
983793100
|
|||
1.
|
NAME OF REPORTING PERSONS
|
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
The Spruce House Partnership LP
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|||
(a) [_]
|
||||
(b) [X]
|
||||
3.
|
SEC USE ONLY
|
|||
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
Delaware
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
||||
5.
|
SOLE VOTING POWER
|
|||
0
|
||||
6.
|
SHARED VOTING POWER
|
|||
7,750,000
|
||||
7.
|
SOLE DISPOSITIVE POWER
|
|||
0
|
||||
8.
|
SHARED DISPOSITIVE POWER
|
|||
7,750,000
|
||||
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
7,750,000
|
||||
10.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|||
[_]
|
||||
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|||
7.0%
|
||||
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
|
CUSIP No.
|
983793100
|
|||
1.
|
NAME OF REPORTING PERSONS
|
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
Zachary Sternberg
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|||
(a) [_]
|
||||
(b) [X]
|
||||
3.
|
SEC USE ONLY
|
|||
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
United States of America
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
||||
5.
|
SOLE VOTING POWER
|
|||
45,000
|
||||
6.
|
SHARED VOTING POWER
|
|||
7,750,000
|
||||
7.
|
SOLE DISPOSITIVE POWER
|
|||
45,000
|
||||
8.
|
SHARED DISPOSITIVE POWER
|
|||
7,750,000
|
||||
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
7,795,000
|
||||
10.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|||
[_]
|
||||
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|||
7.0%
|
||||
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
|
CUSIP No.
|
983793100
|
|||
1.
|
NAME OF REPORTING PERSONS
|
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
Benjamin Stein
|
||||
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|||
(a) [_]
|
||||
(b) [X]
|
||||
3.
|
SEC USE ONLY
|
|||
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
United States of America
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
||||
5.
|
SOLE VOTING POWER
|
|||
47,055
|
||||
6.
|
SHARED VOTING POWER
|
|||
7,750,000
|
||||
7.
|
SOLE DISPOSITIVE POWER
|
|||
47,055
|
||||
8.
|
SHARED DISPOSITIVE POWER
|
|||
7,750,000
|
||||
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
7,797,055
|
||||
10.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|||
[_]
|
||||
11.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|||
7.0%
|
||||
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
|
CUSIP No.
|
983793100
|
Item 1.
|
(a).
|
Name of Issuer:
|
|
XPO Logistics, Inc.
|
(b).
|
Address of issuer's principal executive offices:
|
||
Five Greenwich Office Park
Greenwich, Connecticut 06831
|
Item 2.
|
(a).
|
Name of person filing:
|
|
Spruce House Investment Management LLC
Spruce House Capital LLC
The Spruce House Partnership LP
Zachary Sternberg
Benjamin Stein
|
(b).
|
Address or principal business office or, if none, residence:
|
||
Spruce House Investment Management LLC
Spruce House Capital LLC
435 Hudson Street, 8th Floor
New York, New York 10014
The Spruce House Partnership LP
c/o Spruce House Capital LLC
435 Hudson Street, 8th Floor
New York, New York 10014
Zachary Sternberg
Benjamin Stein
c/o Spruce House Investment Management LLC
435 Hudson Street, 8th Floor
New York, New York 10014
|
(c).
|
Citizenship:
|
||
Spruce House Investment Management LLC – Delaware limited liability company
Spruce House Capital LLC – Delaware limited liability company
The Spruce House Partnership LP – Delaware limited partnership
Zachary Sternberg – United States of America
Benjamin Stein – United States of America
|
(d).
|
Title of class of securities:
|
||
Common stock, par value $0.001 per share
|
(e).
|
CUSIP No.:
|
||
983793100
|
Item 3.
|
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
|
(a)
|
[_]
|
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
|
||
(b)
|
[_]
|
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
|
||
(c)
|
[_]
|
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
|
||
(d)
|
[_]
|
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
|
||
(e)
|
[_]
|
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
|
||
(f)
|
[_]
|
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
|
||
(g)
|
[_]
|
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
|
||
(h)
|
[_]
|
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
|
||
(i)
|
[_]
|
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);
|
||
(j)
|
[_]
|
A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
|
||
(k)
|
[_]
|
Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
|
Item 4.
|
Ownership.
|
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
|
(a)
|
Amount beneficially owned:
|
|
Spruce House Investment Management LLC – 7,750,000 shares
Spruce House Capital LLC – 7,750,000 shares
The Spruce House Partnership LP – 7,750,000 shares
Zachary Sternberg – 7,795,000 shares
Benjamin Stein – 7,797,055 shares
|
(b)
|
Percent of class:
|
|
Spruce House Investment Management LLC – 7.0%
Spruce House Capital LLC – 7.0%
The Spruce House Partnership LP – 7.0%
Zachary Sternberg – 7.0%
Benjamin Stein – 7.0%
|
(c)
|
Number of shares as to which Spruce House Investment Management LLC has:
|
||||
(i)
|
Sole power to vote or to direct the vote
|
0
|
,
|
||
(ii)
|
Shared power to vote or to direct the vote
|
7,750,000
|
,
|
||
(iii)
|
Sole power to dispose or to direct the disposition of
|
0
|
,
|
||
(iv)
|
Shared power to dispose or to direct the disposition of
|
7,750,000
|
.
|
||
Number of shares as to which Spruce House Capital LLC has:
|
|||||
(i)
|
Sole power to vote or to direct the vote
|
0
|
,
|
||
(ii)
|
Shared power to vote or to direct the vote
|
7,750,000
|
,
|
||
(iii)
|
Sole power to dispose or to direct the disposition of
|
0
|
,
|
||
(iv)
|
Shared power to dispose or to direct the disposition of
|
7,750,000
|
.
|
||
Number of shares as to which The Spruce House Partnership LP has:
|
|||||
(i)
|
Sole power to vote or to direct the vote
|
0
|
,
|
||
(ii)
|
Shared power to vote or to direct the vote
|
7,750,000
|
,
|
||
(iii)
|
Sole power to dispose or to direct the disposition of
|
0
|
,
|
||
(iv)
|
Shared power to dispose or to direct the disposition of
|
7,750,000
|
.
|
||
Number of shares as to which Zachary Sternberg has:
|
|||||
(i)
|
Sole power to vote or to direct the vote
|
45,000
|
,
|
||
(ii)
|
Shared power to vote or to direct the vote
|
7,750,000
|
,
|
||
(iii)
|
Sole power to dispose or to direct the disposition of
|
45,000
|
,
|
||
(iv)
|
Shared power to dispose or to direct the disposition of
|
7,750,000
|
.
|
||
Number of shares as to which Benjamin Stein has:
|
|||||
(i)
|
Sole power to vote or to direct the vote
|
47,055
|
,
|
||
(ii)
|
Shared power to vote or to direct the vote
|
7,750,000
|
,
|
||
(iii)
|
Sole power to dispose or to direct the disposition of
|
47,055
|
,
|
||
(iv)
|
Shared power to dispose or to direct the disposition of
|
7,750,000
|
.
|
||
Item 5.
|
Ownership of Five Percent or Less of a Class.
|
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 five percent of the class of securities, check the following [__].
|
|
N/A
|
|
Item 6.
|
Ownership of More Than Five Percent on Behalf of Another Person.
|
If any 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, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
|
|
N/A
|
|
Item 7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
|
If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
|
|
N/A
|
Item 8.
|
Identification and Classification of Members of the Group.
|
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
|
|
N/A
|
|
Item 9.
|
Notice of Dissolution of Group.
|
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
|
|
N/A
|
|
Item 10.
|
Certification.
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
|
Dated: February 14, 2017
|
Spruce House Investment Management LLC
|
||
By: /s/ Zachary Sternberg
|
|||
Name: Zachary Sternberg
|
|||
Title: Managing Member
|
Spruce House Capital LLC
|
|||
By: /s/ Zachary Sternberg
|
|||
Name: Zachary Sternberg
|
|||
Title: Managing Member
|
The Spruce House Partnership LP
|
|||
By: Spruce House Capital LLC
Its general partner
|
|||
By: /s/ Zachary Sternberg
|
|||
Name: Zachary Sternberg
|
|||
Title: Managing Member
|
/s/ Zachary Sternberg
|
|||
Zachary Sternberg
|
/s/ Benjamin Stein
|
|||
Benjamin Stein
|
Dated: February 14, 2017
|
Spruce House Investment Management LLC
|
||
By: /s/ Zachary Sternberg
|
|||
Name: Zachary Sternberg
|
|||
Title: Managing Member
|
Spruce House Capital LLC
|
|||
By: /s/ Zachary Sternberg
|
|||
Name: Zachary Sternberg
|
|||
Title: Managing Member
|
The Spruce House Partnership LP
|
|||
By: Spruce House Capital LLC
Its general partner
|
|||
By: /s/ Zachary Sternberg
|
|||
Name: Zachary Sternberg
|
|||
Title: Managing Member
|
/s/ Zachary Sternberg
|
|||
Zachary Sternberg
|
/s/ Benjamin Stein
|
|||
Benjamin Stein
|