PHILIP SERVICES CORP/DE 4
4 · PHILIP SERVICES CORP/DE · Filed Nov 4, 2003
Insider Transaction Report
Form 4
ICAHN CARL C
10% Owner
Transactions
- Purchase
PIK Debt
2003-10-28$4302569.00/sh+33,096,692$142,400,801,001,748(indirect: See Explanation)Exercise: $11.72From: 2000-04-07Exp: 2005-03-31→ Common Stock (2,823,949 underlying)
Footnotes (1)
- [F1]On October 28, 2003, in a privately negotiated transaction, High River may be deemed to have acquired from Cerberus Partners, L.P. ("Cerberus") beneficial ownership of approximately $33,096,692 principal amount of the PIK Debt (convertible into 2,823,949 Shares). In that transaction, the price for the approximately $33,096,692 face amount of the PIK Debt was 13% of the principal amount of the PIK Debt and the term debt. The closing of the foregoing transaction is subject to a number of conditions.