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CUSIP
No. 001547108
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13G
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1)
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NAMES
OF REPORTING PERSONS
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JGD
Management Corp.
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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)
x
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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
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Delaware
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NUMBER
OF
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5)
SOLE VOTING POWER
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7,551,990
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SHARES
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BENEFICIALLY
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6)
SHARED VOTING POWER
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-0-
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OWNED
BY
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EACH
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7)
SOLE DISPOSITIVE POWER
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7,551,990
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REPORTING
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PERSON
WITH
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8)
SHARED DISPOSITIVE POWER
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-0-
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9)
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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7,551,990
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10)
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
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¨
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11)
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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Approximately
6.7%
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12)
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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Item
1(a).
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Name
of Issuer:
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AK
Steel Holding
Corporation
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Item
1(b).
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Address
of Issuer’s Principal Executive Offices:
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9227
Centre Pointe Drive
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West
Chester,
Ohio 45069
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Item
2(a).
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Name
of Person Filing:
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This
Schedule is being filed by JGD Management Corp. (“JGD”), a Delaware
corporation, with respect to 1,073,160 shares of Common Stock directly
owned by York Capital Management, L.P. (“York Capital”), a Delaware
limited partnership; 2,165,133 shares of Common Stock directly owned by
York Investment Limited (“York Investment”), a corporation organized under
the laws of the Commonwealth of The Bahamas; 1,182,009 shares of Common
Stock directly owned by York Select, L.P. (“York Select”), a Delaware
limited partnership; 98,229 shares of Common Stock directly owned by York
Credit Opportunities Fund, L.P. (“York Credit Opportunities”), a Delaware
limited partnership; 1,147,091 shares of Common Stock directly owned by
York Select Unit Trust (“York Select Trust”), a trust organized under the
laws of the Cayman Islands; 379,402 shares of Common Stock directly owned
by York Global Value Partners, L.P. (“York Global Value”), a Delaware
limited partnership; 975,638 shares of Common Stock directly owned by York
European Opportunities Master Fund, L.P. (“York European Opportunities”),
a Cayman Islands exempted limited partnership; 11,456 shares of Common
Stock directly owned by York Long Enhanced Fund, L.P. (“York Long
Enhanced”), a Delaware limited partnership; 212,425 shares of Common Stock
directly owned by York Credit Opportunities Unit Trust (“York Unit
Trust”), a trust organized under the laws of the Cayman Islands; and
307,447 shares of Common Stock directly owned by certain other accounts
(the “Managed Accounts”).
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The
general partners of York Capital, York Select, York Credit Opportunities,
York Global Value, York European Opportunities and York Long Enhanced and
the managers of York Investment, York Select Trust and York Unit Trust
have delegated certain management and administrative duties of such funds
to JGD. JGD also manages the Managed
Accounts. Accordingly, JGD may be deemed to have beneficial
ownership over the shares of Common Stock reported in this
Schedule.
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Item
2(b).
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Address
of Principal Business Office or, if None, Residence:
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The
principal business office address of JGD is:
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c/o
York Capital Management
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767
Fifth Avenue, 17th
Floor
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New
York, New York 10153
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Item
2(c).
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Citizenship:
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The
place of organization of JGD is
Delaware.
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Item
2(d).
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Title of Class of Securities: |
Common
Stock, par value $0.01 per
share
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Item
2(e).
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CUSIP
Number:
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001547108
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Item
3.
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If
this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c),
check whether the person filing is
a:
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(a)
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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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¨
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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¨
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
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(d)
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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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x
An investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E);
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(f)
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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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¨
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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¨
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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¨
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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¨
A non-U.S. institution in accordance with
§240.13d-1(b)(1)(ii)(J);
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(k)
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¨
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:
____________.
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Item
4.
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Ownership.
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Provide
the following information regarding the aggregate number and percentage of
the class of securities of the issuer identified in Item
1.
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(a)
Amount beneficially owned:
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7,551,990
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(b)
Percent of class:
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6.7%
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(c)
Number of shares as to which the person has:
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(i)
Sole power to vote or to direct the vote
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7,551,990
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(ii)
Shared power to vote or to direct the vote
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-0-
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(iii)
Sole power to dispose or to direct the disposition of
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7,551,990
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(iv)
Shared power to dispose or to direct the disposition of
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-0- |
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The
number of shares beneficially owned and the percentage of outstanding
shares represented thereby for JGD have been computed in accordance with
Rule 13d-3 under the Securities Exchange Act of 1934, as
amended. The percentage of ownership described above is based
on 112,016,138 shares of Common Stock outstanding as of October 31, 2008,
as reported in the issuer’s Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on November 4,
2008.
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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 five 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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The
right to receive dividends from, or the proceeds from the sale of, all
shares of Common Stock reported in this statement as beneficially owned by
JGD is held by York Capital, York Investment, York Select, York Credit
Opportunities, York Select Trust, York Global Value, York European
Opportunities, York Long Enhanced, York Unit Trust or the Managed
Accounts, as the case may be, all of which are the advisory clients of
JGD. JGD itself disclaims beneficial ownership of all shares of
Common Stock reported in this statement pursuant to Rule 13d-4 under the
Securities Exchange Act of 1934, as amended.
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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 or Control
Person.
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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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By
signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary
course of business and 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.
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Dated:
February 17, 2009
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JGD
MANAGEMENT CORP.
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By:
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/s/ Adam J. Semler
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Adam
J. Semler
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Chief
Financial Officer
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