Martin Schwartz Takes 5% WCI Stake -- Joins Icahn and Gates

In a 13D filing on WCI Communities Inc. (WCI) this morning, Marvin C. Schwartz, a Managing Director of Neuberger Berman LLC, disclosed a 5.32% stake (2.23 million shares) in the company. The stake is personal and not as an employee of Neuberger Berman.

Mr. Schwartz does not presently have any plans or proposals that relate to or would result in any of the actions required to be described in Item 4 of Schedule 13D.

The news follows recent disclosures showing stakes in WCI owned by Carl Icahn and Bill Gates.

Related: Activist Investor Carl Ichan Shifts Things Around • WCI Communities Investor Basswood Wants Better Performance