NETWOLVES CORP 4
4 · NETWOLVES CORP · Filed Jul 17, 2006
Insider Transaction Report
Form 4
NETWOLVES CORPWOLV
FRENKEL LEONID
10% Owner
Transactions
- Sale
Common Stock
2006-06-20$0.10/sh−240,000$24,000→ 283,176 total(indirect: Footnote)
Holdings
- 179,071
Common Stock
Footnotes (2)
- [F1]These securities are directly owned by Leonid Frenkel ("Mr. Frenkel"), who is a Reporting Person.
- [F2]Mr. Frenkel is the managing member of Triage Capital LF Group, LLC, a Delaware limited liability company (along with Mr. Frenkel, the "Reporting Persons") that acts as the general partner to the general partner of both Triage Capital Management L.P. and Triage Capital Management B, L.P., and as general partner to the investment manager of Triage Offshore Fund, Ltd., all of which are private investment funds in whose accounts portions of the reported securities are held. Mr. Frenkel also acts as the general partner of Periscope Partners L.P., a private investment fund in whose account a portion of the reported securities are held. 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.