4//SEC Filing
Sabourin John Paul 4
Accession 0000902664-09-001529
CIK 0000868512other
Filed
Apr 9, 8:00 PM ET
Accepted
Apr 10, 1:46 PM ET
Size
10.6 KB
Accession
0000902664-09-001529
Insider Transaction Report
Form 4
Polar Securities Inc.
Director10% Owner
Transactions
- Sale
Common Stock
2009-04-03$0.02/sh−600,000$12,000→ 8,438,163 total(indirect: See Footnote)
Sabourin John Paul
Director10% Owner
Transactions
- Sale
Common Stock
2009-04-03$0.02/sh−600,000$12,000→ 8,438,163 total(indirect: See Footnote)
Polar Capital CORP
Director10% Owner
Transactions
- Sale
Common Stock
2009-04-03$0.02/sh−600,000$12,000→ 8,438,163 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 sold shares of Sun-Times Media Group Inc. common stock (the "Securities") on behalf of North Pole Capital Master Fund and South Pole Capital LP. On April 1, 2009, South Pole Capital Master Fund transferred all of its assets to North Pole Capital Master Fund. PSI acts as investment manager to North 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 North Pole Capital Master Fund and South Pole Capital LP. The Reporting Persons may be deemed to beneficially own 8,438,163 shares of common stock. Each Reporting Persons 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 typeother
Related Parties
1- filerCIK 0001435354
Filing Metadata
- Form type
- 4
- Filed
- Apr 9, 8:00 PM ET
- Accepted
- Apr 10, 1:46 PM ET
- Size
- 10.6 KB