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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock Warrants (right to buy) | $ 1 | 03/07/2005 | 03/07/2005 | X | 7,125 | 08/29/2003 | 08/28/2008 | Common Stock | 7,125 | $ 1 | 49,875 | I (1) | By Triage Capital Management L.P. | ||
Common Stock Warrants (right to buy) | $ 1 | 03/07/2005 | 03/07/2005 | X | 14,100 | 08/29/2003 | 08/28/2008 | Common Stock | 14,100 | $ 1 | 98,900 | I (1) | By Triage Capital Management B, L.P. | ||
Common Stock Warrants (right to buy) | $ 1 | 03/07/2005 | 03/07/2005 | X | 53,775 | 08/29/2003 | 08/28/2008 | Common Stock | 53,775 | $ 1 | 376,225 | I (1) | By Triage Offshore Fund, Ltd. |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
FRENKEL LEONID 401 CITY AVENUE, SUITE 800 BALA CYNWYD, PA 19004 |
No longer 10% owner |
/s/ Leonid Frenkel | 03/09/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Leonid Frenkel ("Mr. Frenkel") is the manager of a limited liability company that acts as general partner to a general partner of both Triage Capital Management L.P. and Triage Capital Management B, L.P. Mr. Frenkel acts as the manager of a limited liability company that acts as general partner to an investment manager of Triage Offshore Fund, Ltd. The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission, for Section 16 or otherwise, that the reporting person is the beneficial owner of any of the securities covered by this filing. |