4//SEC Filing
LIBERATION INVESTMENT GROUP LLC 4
Accession 0000902664-07-002938
CIK 0000770944other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 5:22 PM ET
Size
8.1 KB
Accession
0000902664-07-002938
Insider Transaction Report
Form 4
LIBERATION INVESTMENT GROUP LLC
10% Owner
Transactions
- Disposition to Issuer
Common Stock, $0.01 par value per share
2007-10-01−4,206,880→ 0 total(indirect: See Footnotes)
Footnotes (3)
- [F1]This is a joint filing by Liberation Investments, L.P. ("LILP"), Liberation Investments Ltd. ("LILTD"), Liberation Investment Group, LLC ("LIGLLC") and Emanuel R. Pearlman (collectively, the "Reporting Persons"). Immediately prior to the transaction reported herein, LILP directly owned 2,710,042 shares of the Issuer's common stock (the "Shares"), LILTD directly owned 1,461,838 Shares, and Mr. Pearlman directly owned 35,000 Shares. LIGLLC is the sole general partner of LILP and the sole investment advisor to LILTD, and thus may be deemed an indirect beneficial owner of the Shares that were held by LILP and LILTD. Mr. Pearlman is the General Manager, Chairman and Chief Executive Officer of LIGLLC and thus he may be deemed an indirect beneficial owner of the Shares indirectly beneficially owned by LIGLLC.
- [F2]The Reporting Persons are filing this joint Form 4 because they may be regarded as a group. However, each Reporting Person disclaims beneficial ownership of the shares owned by the other Reporting Persons and disclaims membership in a group, and this filing shall not constitute an acknowledgment that the Reporting Persons constitute a group.
- [F3]On October 1, 2007, the Issuer consummated the First Amended Joint Prepackaged Chapter 11 Plan of Reorganization of the Issuer and its Affiliate Debtors (the "Plan"), which was confirmed by order of the United States Bankruptcy Court for the Southern District of New York on September 17, 2007. Pursuant to the terms of the Plan, the Issuer's shareholders and holders of certain equity-related claims will receive an aggregate distribution of $16.5 million. A determination of the distribution cannot be made until after the October 31, 2007 deadline for submission of proofs of claim for equity-related claims and may require court approval.
Documents
Issuer
BALLY TOTAL FITNESS HOLDING CORP
CIK 0000770944
Entity typeother
Related Parties
1- filerCIK 0001259272
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 5:22 PM ET
- Size
- 8.1 KB