CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 2 of 13
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gato Investments LP
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
3
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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)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
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7
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SOLE VOTING POWER
-0-
|
8
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SHARED VOTING POWER
15,744,913(1) (See Items 3, 4 and 5)
|
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9
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SOLE DISPOSITIVE POWER
-0-
|
|
10
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SHARED DISPOSITIVE POWER
15,744,913(1) (See Items 3, 4 and 5)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,744,913(1) (See Items 3, 4 and 5)
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12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.4%(2)
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14
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TYPE OF REPORTING PERSON
PN
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(1)
|
Represents 15,744,913 shares of the Issuer’s Class B common stock, convertible at any time at the option of the holder thereof into an equal number of fully paid and non-assessable shares of the Issuer’s Class A common stock.
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(2)
|
Based on 19,739,523 shares of the Issuer’s Class A common stock issued and outstanding as of April 4, 2018 following the forfeiture of certain shares of the Issuer’s Class A common stock pursuant to the Equity Restructuring and Warrant Purchase Agreement (as defined herein) and including the Class B common stock described in note 1.
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 3 of 13
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gemini Latin Holdings, LLC
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
3
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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)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
-0-
|
8
|
SHARED VOTING POWER
15,744,913(1) (See Items 3, 4 and 5)
|
|
9
|
SOLE DISPOSITIVE POWER
-0-
|
|
10
|
SHARED DISPOSITIVE POWER
15,744,913(1) (See Items 3, 4 and 5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,744,913(1) (See Items 3, 4 and 5)
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.4%(2)
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14
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TYPE OF REPORTING PERSON
CO
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(1)
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Represents 15,744,913 shares of the Issuer’s Class B common stock, convertible at any time at the option of the holder thereof into an equal number of fully paid and non-assessable shares of the Issuer’s Class A common stock.
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(2)
|
Based on 19,739,523 shares of the Issuer’s Class A common stock issued and outstanding as of April 4, 2018 following the forfeiture of certain shares of the Issuer’s Class A common stock pursuant to the Equity Restructuring and Warrant Purchase Agreement (as defined herein) and including the Class B common stock described in note 1.
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 4 of 13
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
InterMedia Partners VII, L.P.
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|
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
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)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
-0-
|
8
|
SHARED VOTING POWER
-0-
|
|
9
|
SOLE DISPOSITIVE POWER
-0-
|
|
10
|
SHARED DISPOSITIVE POWER
-0-
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
|
|
14
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 5 of 13
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
InterMedia Partners, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
3
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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)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
-0-
|
8
|
SHARED VOTING POWER
-0-
|
|
9
|
SOLE DISPOSITIVE POWER
-0-
|
|
10
|
SHARED DISPOSITIVE POWER
-0-
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
|
|
14
|
TYPE OF REPORTING PERSON
PN
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 6 of 13
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leo Hindery, Jr.
|
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
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)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
41,525(1)
|
8
|
SHARED VOTING POWER
-0- (See Items 3, 4 and 5)
|
|
9
|
SOLE DISPOSITIVE POWER
32,516
|
|
10
|
SHARED DISPOSITIVE POWER
-0-
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,525(1) (See Items 3, 4 and 5)
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%(2)
|
|
14
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TYPE OF REPORTING PERSON
IN
|
(1)
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Includes restricted shares of the Issuer’s Class A common stock granted to Mr. Hindery in connection with his service on the Issuer’s Board of Directors pursuant to the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. The number of restricted shares was calculated by dividing $100,000 by the closing share price of the Class A common stock on May 17, 2017, the date of grant. The restricted stock will vest on the day preceding the Issuer’s 2018 annual meeting, subject to the reporting person's continued service as a director on such vesting date.
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(2)
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Based on 19,739,523 shares of the Issuer’s Class A common stock issued and outstanding as of April 4, 2018 following the forfeiture of certain shares of the Issuer’s Class A common stock pursuant to the Equity Restructuring and Warrant Purchase Agreement (as defined herein).
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 7 of 13
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter M. Kern
|
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) x
|
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)
|
o |
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
774,570(1)(2)
|
8
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SHARED VOTING POWER
15,744,913(3) (See Items 3, 4 and 5)
|
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9
|
SOLE DISPOSITIVE POWER
747,543
|
|
10
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SHARED DISPOSITIVE POWER
15,744,913(3) (See Items 3, 4 and 5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,519,483(1)(2) (See Items 3, 4 and 5)
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o |
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45.7%(3)
|
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14
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TYPE OF REPORTING PERSON
IN
|
(1)
|
Includes 27,027 restricted shares of the Issuer’s Class A common stock granted to Mr. Kern in connection with his service on the Issuer’s Board of Directors pursuant to the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. The number of restricted shares was calculated by dividing $300,000 by the closing share price of the Common Stock on May 17, 2017, the date of grant. The restricted stock will vest on the day preceding the Issuer’s 2018 annual meeting, subject to the reporting person's continued service as a director on such vesting date.
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(2)
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Includes 650,000 shares of the Issuer’s Class B common stock, convertible at any time at the option of the holder thereof into an equal number of fully paid and non-assessable shares of the Issuer’s Class A common stock.
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(3)
|
Represents 15,744,913 shares of the Issuer’s Class B common stock, convertible at any time at the option of the holder thereof into an equal number of fully paid and non-assessable shares of the Issuer’s Class A common stock.
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(4)
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Based on 19,739,523 shares of the Issuer’s Class A common stock issued and outstanding as of April 4, 2018 following the forfeiture of certain shares of the Issuer’s Class A common stock pursuant to the Equity Restructuring and Warrant Purchase Agreement (as defined herein) and including the shares held by Mr. Kern described in notes 2 and 3.
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 8 of 13
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Item 2.
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Identity and Background.
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 9 of 13
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Item 4.
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Purpose of Transaction.
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Item 5.
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Interest in Securities of the Issuer.
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(a)
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(i) As of the date hereof, the Investor may be deemed to be the beneficial owner of 15,744,913 shares of Class A common stock, constituting 44.4% of the Class A common stock of the Issuer.
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(ii) As of the date hereof, the General Partner may be deemed to be the beneficial owner of 15,744,913 shares of Class A common stock, constituting 44.4% of the Class A common stock of the Issuer. | ||
(iii) As of the date hereof, IMP may be deemed to be the beneficial owner of 0 shares of Class A common stock, constituting 0% of the Class A common stock of the Issuer. | ||
(iv) As of the date hereof, IM Partners may be deemed to be the beneficial owner of 0 shares of Class A common stock, constituting 0% of the Class A common stock of the Issuer. |
CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 10 of 13
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(v) As of the date hereof, Leo Hindery, Jr. may be deemed to be the beneficial owner of 41,525 shares of Class A common stock, constituting 0.2% of the Class A common stock of the Issuer. | ||
(vi) As of the date hereof, Peter M. Kern may be deemed to be the beneficial owner of 16,519,483 shares of Class A common stock, constituting 45.7% of the Class A common stock of the Issuer. | ||
(b)
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(i) The Investor may be deemed to have sole power to vote or direct the vote of no shares of Class A common stock; have the shared power to vote or direct the vote of 15,744,913 shares of Class A common stock; have the sole power to dispose or direct the disposition of no shares of Class A common stock; and have shared power to dispose or direct the disposition of 15,744,913 shares of Class A common stock.
(ii) The General Partner may be deemed to have sole power to vote or direct the vote of no shares of Class A common stock; have the shared power to vote or direct the vote of 15,744,913 shares of Class A common stock; have the sole power to dispose or direct the disposition of no shares of Class A common stock; and have shared power to dispose or direct the disposition of 15,744,913 shares of Class A common stock.
(iii) Each of IMP and IM Partners may be deemed to have sole power to vote or direct the vote of no shares of Class A common stock; have the shared power to vote or direct the vote of no shares of Class A common stock; have the sole power to dispose or direct the disposition of no shares of Class A common stock; and have shared power to dispose or direct the disposition of no shares of Class A common stock.
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(iv) Leo Hindery, Jr. may be deemed to have sole power to vote or direct the vote of 41,525 shares of Class A common stock; have the shared power to vote or direct the vote of no shares of Class A common stock; have the sole power to dispose or direct the disposition of 32,516 shares of Class A common stock; and have shared power to dispose or direct the disposition of no shares of Class A common stock.
(v) Peter M. Kern may be deemed to have sole power to vote or direct the vote of 774,570 shares of Class A common stock; have the shared power to vote or direct the vote of 15,744,913 shares of Class A common stock; have the sole power to dispose or direct the disposition of 747,543 shares of Class A common stock; and have shared power to dispose or direct the disposition of 15,744,913 shares of Class A common stock.
By virtue of the relationships between and among the Investor, the General Partner and Mr. Kern described in Item 2 of this Schedule 13D, each of the General Partner and Mr. Kern may be deemed to share the power to direct the voting and disposition of the 15,744,913 shares of Class A common stock beneficially owned by the Investor. Each of the General Partner and Peter M. Kern disclaims beneficial ownership of the shares of Class A common stock beneficially owned by such persons, except to the extent of its or his pecuniary interest therein.
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||
(c)
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The information set forth in Items 3 and 4 above is hereby incorporated by reference into this Item 5(c), as applicable.
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(d)
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Certain limited partners of the Investor have the right to participate in the receipt of dividends from, or proceeds from the sale of, the shares of Class A common stock beneficially held for the account of the Investor in accordance with their ownership interests in the Investor. Searchlight has rights associated with more than five percent of the Issuer’s Class A common stock based upon their ownership interest in the Investor.
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(e)
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Not applicable.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 11 of 13
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Item 7.
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Material to be Filed as Exhibits.
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Exhibit 1:
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Joint Filing Agreement, dated as of April 6, 2018, as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. |
CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 12 of 13
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GATO INVESTMENTS LP
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By: Gemini Latin Holdings, LLC
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its General Partner
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By:
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/s/ PETER M. KERN
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Name:
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Peter M. Kern
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Title:
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Managing Member
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GEMINI LATIN HOLDINGS, LLC
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By:
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/s/ PETER M. KERN
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Name:
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Peter M. Kern
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Title:
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Managing Member
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INTERMEDIA PARTNERS VII, L.P.
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By: InterMedia Partners, L.P.
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its General Partner
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By: HK Capital Partners, LLC
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its General Partner
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By:
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/s/ PETER M. KERN
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Name:
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Peter M. Kern
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Title:
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Managing Partner
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CUSIP No. 42365Q103
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SCHEDULE 13D |
Page 13 of 13
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INTERMEDIA PARTNERS, L.P.
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By: HK Capital Partners, LLC
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its General Partner
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By:
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/s/ PETER M. KERN
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Name:
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Peter M. Kern
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Title:
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Managing Partner
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LEO HINDERY, JR.
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By:
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/s/ LEO HINDERY, JR.
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Name:
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Leo Hindery, Jr.
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PETER M. KERN
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By:
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/s/ PETER M. KERN
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Name:
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Peter M. Kern
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