FRENKEL LEONID 4
4 · NETWOLVES CORP · Filed May 3, 2006
Insider Transaction Report
Form 4
NETWOLVES CORPWOLV
FRENKEL LEONID
10% Owner
Transactions
- Sale
Common Stock
2006-03-09$0.39/sh−7,500$2,895→ 0 total - Sale
Common Stock
2006-04-10$0.28/sh−7,500$2,070→ 0 total - Sale
Common Stock
2006-04-10$0.28/sh−9,500$2,622→ 0 total
Holdings
- 57,738
Common Stock
- 465,438(indirect: Footnote 4)
Common Stock
- 523,176(indirect: Footnote 2 and 3)
Common Stock
- 179,071
Common Stock
- 304,749
Common Stock
- 38,970
Common Stock
- 121,719
Common Stock
Footnotes (12)
- [F1]These securities are directly owned by Leonid Frenkel ("Mr. Frenkel"), who is a Reporting Person.
- [F10]These securities were directly owned, prior to their disposition, by Alla Frenkel as Custodian of Zoe Pasternack UGMA ("Zoe Pasternack UGMA"). Zoe Pasternack UGMA disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F11]These securities were directly owned, prior to their disposition, by Alla Frenkel ("Alla Frenkel"). Alla Frenkel disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F12]These securities were owned, prior to their disposition, by Alla Frenkel as Custodian of Max Pasternack UGMA ("Max Pasternack UGMA"). Max Pasternack UGMA disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F2]Mr. Frenkel is the managing member of Triage Capital LF Group, LLC, a Delaware limited liability company ("TLF") that acts as the general partner to the general partner of Triage Capital Management L.P. ("TCML") and as investment adviser to OTA LLC ("OTA"), and as the general partner to Triage Advisors, L.P. ("TA") which serves as the investment manager of Triage Offshore Fund, Ltd. ("TOF"), all of which are private investment funds or accounts in whose accounts portions of the reported securities are held. Mr. Frenkel also acts as the general partner of Periscope Partners L.P. ("Periscope"), a private investment fund in whose account a portion of the reported securities are held. Mr. Frenkel, TLF, TCML, OTA, TA, TOF, together with Zoe Pasternack UGMA, Alla Frenkel and Max Pasternack UGA (all as defined herein) are the "Reporting Persons".
- [F3]The Reporting Persons disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein. This filing shall not be deemed an admission for Section 16 or otherwise, that the Reporting Persons are the beneficial owner of any of the securities covered by this filing. There is no agreement between the Reporting Persons and each of the Reporting Persons disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F4]These securities are indirectly beneficially owned by TLF. TLF disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F5]These securities are directly owned by TOF. TOF disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F6]These securities are indirectly beneficially owned by TA. TA disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F7]These securities are directly owned by TCML. TCML disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F8]These securities are directly owned by OTA. OTA disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.
- [F9]These securities are directly owned by Periscope. Periscope disclaims membership in a "group" for purposes of Rule 16a-1 (a)(1) of the Securities Exchange Act of 1934.