4//SEC Filing
MAXXAM INC 4
Accession 0000063814-09-000062
CIK 0000063814operating
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 2:14 PM ET
Size
19.4 KB
Accession
0000063814-09-000062
Insider Transaction Report
Form 4
MAXXAM INCMXM
GIDDEON HOLDINGS INC
10% OwnerOther
Transactions
- Other
Common Stock
2009-11-30−736,046→ 315,684 total - Other
Class A $.05 Non-Cumulative Partic'g Convert Preferred Stock
2009-11-30+662,441→ 662,441 total→ Common Stock (662,441 underlying)
Holdings
- 46,277(indirect: See footnote)
Common Stock
- 2,008.8(indirect: See footnote)
Common Stock
GILDA INVESTMENTS LLC
10% OwnerOther
Transactions
- Other
Class A $.05 Non-Cumulative Partic'g Convert Preferred Stock
2009-11-30+662,441→ 662,441 total→ Common Stock (662,441 underlying) - Other
Common Stock
2009-11-30−736,046→ 315,684 total
Holdings
- 2,008.8(indirect: See footnote)
Common Stock
- 46,277(indirect: See footnote)
Common Stock
HURWITZ CHARLES E
DirectorChairman of the Board & CEO10% Owner
Transactions
- Other
Class A $.05 Non-Cumulative Partic'g Convert Preferred Stock
2009-11-30+662,441→ 662,441 total→ Common Stock (662,441 underlying) - Other
Common Stock
2009-11-30−736,046→ 315,684 total
Holdings
- 2,008.8(indirect: See footnote)
Common Stock
- 46,277(indirect: See footnote)
Common Stock
Footnotes (9)
- [F1]On April 17, 2009, Mr. Hurwitz and Gilda Investments, LLC ("Gilda") agreed to exchange (the "Exchange") 736,046 shares of the Issuer's Common Stock (the "Common Stock") held by Gilda for 662,441 shares of the Issuer's Class A $.05 Non-Cumulative Participating Convertible Preferred Stock (the "Class A Preferred Stock") held by Mr. Hurwitz. The Exchange was reported on a Form 4 dated April 21, 2009. On November 30, 2009, Mr. Hurwitz and Gilda rescinded the Exchange. This Form 4 reflects such rescission.
- [F2]Reflects the shares of Common Stock held directly by Mr. Hurwitz as a result of the rescission described in footnote (1).
- [F3]Reflects the aggregate shares of Common Stock held by Gilda as a result of the rescission described in footnote (1). Gilda is a member-managed limited liability company of which Giddeon Holdings, Inc. ("Giddeon") is the sole member. Giddeon is wholly owned by Mr. Hurwitz, members of his immediate family and trusts for their benefit.
- [F4]Reflects the shares of Common Stock held directly by Mr. Hurwitz's spouse. Mr. Hurwitz disclaims beneficial ownership of these shares.
- [F5]46,500 shares of Common Stock are owned by the Hurwitz Investment Partnership L.P. ("HIP"). Mr. Hurwitz and his spouse each hold a 4.32% interest as general partners in the HIP. These shares represent the shares of Common Stock indirectly held by Mr. Hurwitz through the HIP.
- [F6]See footnote (5). These shares represent the shares of Common Stock held indirectly by Mr. Hurwitz's spouse through the HIP. Mr. Hurwitz disclaims beneficial ownership of these shares.
- [F7]Shares of Class A Preferred Stock are convertible at any time into Common Stock on a share-for-share basis.
- [F8]Reflects the shares of Class A Preferred Stock held by Mr. Hurwitz as a result of the rescission described in footnote (1).
- [F9]Reflects the shares of Class A Preferred Stock held by Gilda as a result of the rescission described in footnote (1). See footnote (3) for information regarding Gilda.
Documents
Issuer
MAXXAM INC
CIK 0000063814
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000063814
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 2:14 PM ET
- Size
- 19.4 KB