4//SEC Filing
SUN-TIMES MEDIA GROUP INC 4
Accession 0000902664-08-002115
CIK 0000868512operating
Filed
May 19, 8:00 PM ET
Accepted
May 20, 10:24 AM ET
Size
12.1 KB
Accession
0000902664-08-002115
Insider Transaction Report
Form 4
Sabourin John Paul
Director10% Owner
Transactions
- Purchase
Common Stock
2008-05-12$0.39/sh+503,000$198,232→ 8,718,163 total(indirect: See Footnote) - Purchase
Common Stock
2008-05-12$0.39/sh+689,213$271,619→ 8,215,163 total(indirect: See Footnote)
Polar Capital CORP
Director10% Owner
Transactions
- Purchase
Common Stock
2008-05-12$0.39/sh+689,213$271,619→ 8,215,163 total(indirect: See Footnote) - Purchase
Common Stock
2008-05-12$0.39/sh+503,000$198,232→ 8,718,163 total(indirect: See Footnote)
Polar Securities Inc.
Director10% Owner
Transactions
- Purchase
Common Stock
2008-05-12$0.39/sh+503,000$198,232→ 8,718,163 total(indirect: See Footnote) - Purchase
Common Stock
2008-05-12$0.39/sh+689,213$271,619→ 8,215,163 total(indirect: See Footnote)
Footnotes (2)
- [F1]This Form 4 is being filed to report that Polar Securities Inc., a company incorporated under the laws of Ontario, Canada ("PSI"), Polar Capital Corporation, a company incorporated under the laws of Ontario Canada ("PCC") and John Paul Sabourin ("Mr. Sabourin" and together with PSI and PCC, the "Reporting Persons") together have purchased additional shares of Sun-Times Media Group Inc. common stock (the "Securities") on behalf of South Pole Capital Master Fund and South Pole Capital LP. PSI acts as investment manager to South Pole Capital Master Fund and South Pole Capital LP. PSI is a wholly owned subsidiary of Polar Financial Corporation, a company incorporated under the laws of Ontario, Canada, which is controlled by PCC. Mr. Sabourin is the chairman of PSI.
- [F2]The Reporting Persons own directly 0 shares of the Securities. These Securities are held by South Pole Capital Master Fund and South Pole Capital LP. The Reporting Persons may be deemed to beneficially own 8,718,163 shares of common stock, which represent approximately 13.3% of the outstanding shares of common stock. Each Reporting Person disclaims beneficial ownership of the securities included in this report and this report shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of such person's pecuniary interest therein.
Issuer
SUN-TIMES MEDIA GROUP INC
CIK 0000868512
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000868512
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 10:24 AM ET
- Size
- 12.1 KB