4//SEC Filing
EVERGREEN ENERGY INC 4
Accession 0000906344-07-000066
CIK 0000912365operating
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 6:23 PM ET
Size
11.4 KB
Accession
0000906344-07-000066
Insider Transaction Report
Form 4
SPENCER RICHARD S III
Director10% Owner
Transactions
- Other
Warrants to Purchase Common Stock
2007-01-31−1,565,690→ 5,723,060 total(indirect: See footnotes)Exercise: $2.75From: 2002-07-19Exp: 2010-07-19→ Common Stock (1,565,690 underlying) - Other
Common Stock
2007-01-31−511,807→ 2,919,093 total(indirect: See footnotes)
WESTCLIFF CAPITAL MANAGEMENT LLC/CA
10% Owner
Transactions
- Other
Common Stock
2007-01-31−511,807→ 2,919,093 total(indirect: See footnotes) - Other
Warrants to Purchase Common Stock
2007-01-31−1,565,690→ 5,723,060 total(indirect: See footnotes)Exercise: $2.75From: 2002-07-19Exp: 2010-07-19→ Common Stock (1,565,690 underlying)
Footnotes (3)
- [F1]The reporting persons ("Reporting Persons") are Westcliff Capital Management, LLC, an investment adviser ("WCM") and Richard S. Spencer III ("Spencer"), a manager and the majority member of WCM. WCM acts as investment adviser and/or general partner for various accounts and investment funds that own the issuer's securities. WCM has the right to designate two persons for appointment to the Issuer's board of directors in certain circumstances. Until September 30, 2006, Spencer served as a member of that board. WCM has not nominated any replacement for Spencer or otherwise exercised its nomination right since that date, and has no representative on the issuer's board of directors. Each Reporting Person disclaims membership in a group with any non-reporting person within the meaning of Rule 13d-5(b)(i) and Rule 16a-1(a)(1) under the Exchange Act.
- [F2]Amounts shown include securities owned directly and in various accounts managed by WCM. These accounts include investment limited partnerships of which WCM is the general partner and investment adviser and other accounts in which neither WCM nor Spencer has any ownership or other economic interest other than entitlement to investment advisory compensation. Spencer and WCM disclaim beneficial ownership of any securities except to the extent of their respective pecuniary interests.
- [F3]On January 31, 2007, one of the WCM-managed investment limited partnerships (the "Liquidating Fund") made a liquidating distribution of the Issuer's securities, in which a total of 511,807 shares of the Issuer's common stock, and warrants exercisable for a total of 1,565,690 shares were distributed to limited partners of the Liquidating Fund otherwise unaffiliated with the Reporting Persons. As a result of this distribution, the Reporting Persons ceased to be the beneficial owners of more than 10% of the Issuer's outstanding stock.
Documents
Issuer
EVERGREEN ENERGY INC
CIK 0000912365
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000912365
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 6:23 PM ET
- Size
- 11.4 KB