UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Conseco, Inc.
(Name of Issuer)
Class A Common Stock, $0.001 par value
(Title of Class of Securities)
208464883
(CUSIP Number)
December 31, 2008
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Page 1 of 11 Pages)
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*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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes 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. 208464883 13G Page 2 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY)
Suttonbrook Capital Management LP
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
8,576,984
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
8,576,984
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
8,576,984
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.6%
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(12) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 208464883 13G Page 3 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Suttonbrook Capital Portfolio L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
8,576,984
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
8,576,984
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
8,576,984
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.6%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 208464883 13G Page 4 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
John London
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
8,576,984
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
8,576,984
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
8,576,984
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.6%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 208464883 13G Page 5 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Steven M. Weinstein
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
8,576,984
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
8,576,984
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
8,576,984
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.6%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 208464883 13G Page 6 of 11 Pages
Item 1.
(a) NAME OF ISSUER:
Conseco, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
11825 N Pennsylvania Street
Carmel, IN 46032
Item 2.
(a) NAME OF PERSON FILING:
This Statement is being filed by and on behalf of
(i) SuttonBrook Capital Portfolio L.P. (the "Master Fund") with
respect to the shares of Common Stock directly owned by it;
(ii) SuttonBrook Capital Management LP (the "Investment Manager"), as
investment manager to the Master Fund, with respect to the shares
of Common Stock directly owned by the Master Fund;
(iii) John London ("Mr. London"), as managing member of the general
partner of the Investment Manager, with respect to the shares of
Common Stock directly owned by the Master Fund; and
(iv) Steven M. Weinstein ("Mr. Weinstein"), as managing member of the
general partner of the Investment Manager, with respect to the
shares of Common Stock directly owned by the Master Fund.
The Investment Manager, the Master Fund, Mr. London and Mr. Weinstein
are sometimes hereinafter collectively referred to as the "Reporting
Persons." In addition, SuttonBrook Capital Associates LP, a Delaware
limited partnership, SuttonBrook Capital Associates LLC, a Delaware
limited liability company, SuttonBrook Holdings LLC, a Delaware
limited liability company and SuttonBrook Capital Associates Cayman,
Ltd., a Cayman Islands exempted company, may be deemed to directly or
indirectly control the Master Fund or the Investment Manager and
therefore, may be deemed to beneficially own the shares of Common
Stock directly owned by the Master Fund.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of each of the Reporting
Persons is c/o SuttonBrook Capital Management LP, 598 Madison Avenue,
6th Floor, New York, NY 10022.
(c) CITIZENSHIP:
The Investment Manager is a Delaware limited partnership. The Master
Fund is a Cayman Islands exempted limited partnership. Messrs. London
and Weinstein are citizens of the United States.
CUSIP No. 208464883 13G Page 7 of 11 Pages
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share (the "Common Stock" or
"shares").
(e) CUSIP NUMBER: 208464883
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO ss.ss.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 advisor in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations 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) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to ss.240. 13d-1(c), check this box [x].
Item 4. OWNERSHIP:
The percentages set forth in this Item 4 and in the rest of this
Schedule 13G Amendment No. 2 are calculated based upon the 184,751,551 shares of
Common Stock outstanding as of October 29, 2008 as disclosed in Conseco, Inc.'s
Form 10-Q filed on November 11, 2008 for the quarterly period ended September
30, 2008.
CUSIP No. 208464883 13G Page 8 of 11 Pages
THE INVESTMENT MANAGER
(a) AMOUNT BENEFICIALLY OWNED (As of December 31, 2008): 8,576,984
(b) PERCENT OF CLASS: 4.6%
(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: 8,576,984
(iii) sole power to dispose or to direct the disposition of: -0-
(iv) shared power to dispose or to direct the disposition of:
8,576,984
THE MASTER FUND
(a) AMOUNT BENEFICIALLY OWNED (As of December 31, 2008): 8,576,984
(b) PERCENT OF CLASS: 4.6%
(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: 8,576,984
(iii) sole power to dispose or to direct the disposition of: -0-
(iv) shared power to dispose or to direct the disposition of:
8,576,984
MR. LONDON
(a) AMOUNT BENEFICIALLY OWNED (As of December 31, 2008): 8,576,984
(b) PERCENT OF CLASS: 4.6%
(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: 8,576,984
(iii) sole power to dispose or to direct the disposition of: -0-
(iv) shared power to dispose or to direct the disposition of:
8,576,984
CUSIP No. 208464883 13G Page 9 of 11 Pages
MR. WEINSTEIN
(a) AMOUNT BENEFICIALLY OWNED (As of December 31, 2008): 8,576,984
(b) PERCENT OF CLASS: 4.6%
(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: 8,576,984
(iii) sole power to dispose or to direct the disposition of: -0-
(iv) shared power to dispose or to direct the disposition of:
8,576,984
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: [x]
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
See Item 2.
Item 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
Item 10. CERTIFICATION:
By signing below the Reporting Persons certify that, to the best of
their 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.
CUSIP No. 208464883 13G Page 10 of 11 Pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: February 12, 2009
SuttonBrook Capital Management LP
By: SuttonBrook Holdings LLC,
its General Partner
By: /s/ Steven M. Weinstein
----------------------------------
Name: Steven M. Weinstein
Title: Managing Member
SuttonBrook Capital Portfolio L.P.
By: SuttonBrook Capital Partners LP,
its General Partner
By: SuttonBrook Capital Associates LP,
its General Partner
By: SuttonBrook Capital Associates LLC,
its General Partner
By: /s/ Steven M. Weinstein
------------------------------
Name: Steven M. Weinstein
Title: Managing Member
/s/ John London
--------------------------
John London
/s/ Steven M. Weinstein
--------------------------
Steven M. Weinstein
CUSIP No. 208464883 13G Page 11 of 11 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned agree that the foregoing Statement on Schedule 13G
(including any and all amendments thereto) is being filed with the Securities
and Exchange Commission on behalf of each of the undersigned pursuant to Rule
13d-1(k) under the Act and further agree that this Joint Filing Agreement be
included as an Exhibit to such joint filings.
Dated: February 12, 2009
SuttonBrook Capital Management LP
By: SuttonBrook Holdings LLC,
its General Partner
By: /s/ Steven M. Weinstein
----------------------------------
Name: Steven M. Weinstein
Title: Managing Member
SuttonBrook Capital Portfolio L.P.
By: SuttonBrook Capital Partners LP,
its General Partner
By: SuttonBrook Capital Associates LP,
its General Partner
By: SuttonBrook Capital Associates LLC,
its General Partner
By: /s/ Steven M. Weinstein
------------------------------
Name: Steven M. Weinstein
Title: Managing Member
/s/ John London
--------------------------
John London
/s/ Steven M. Weinstein
--------------------------
Steven M. Weinstein