|3May 19, 5:18 PM ET

CAPCO ENERGY INC 3

3 · CAPCO ENERGY INC · Filed May 19, 2005

Insider Transaction Report

Form 3
Period: 2005-05-04
Holdings
  • $660,000 9% Convertible Notes

    Exercise: $0.16From: 2004-09-15Exp: 2007-09-15Common Stock, $0.001 par value (4,125,000 underlying)
  • $720,000 12% Convertible Notes

    Exercise: $0.20From: 2004-06-30Exp: 2007-06-30Common Stock, $0.001 par value (3,600,000 underlying)
  • Warrants to Purchase Common Stock, $0.001 par value

    Exercise: $0.18From: 2004-12-03Exp: 2009-12-03Common Stock, $0.001 par value (833,333 underlying)
Footnotes (6)
  • [F1]These Warrants are owned directly by Hoactzin Partners, L.P. ("Hoactzin").
  • [F2]These Warrants are owned indirectly by Dolphin Advisors, LLC ("Dolphin Advisors"), Dolphin Management Inc. ("Dolphin Management") and Peter E. Salas ("Mr. Salas"). Mr. Salas is the sole shareholder and president of Dolphin Management, which is the sole managing member of Dolphin Advisors, which is the sole managing general partner of Hoactzin. Each of Mr. Salas, Dolphin Management and Dolphin Advisors disclaims beneficial ownership, within the meaning of Section 16 of the Exchange Act, or otherwise of such portion of the Warrants in which such reporting person has no actual pecuniary interest therein.
  • [F3]These Convertible Notes are owned directly by Dolphin Offshore Partners, L.P. ("Dolphin Offshore").
  • [F4]These Convertible Notes are owned indirectly by Dolphin Management and Mr. Salas. Mr. Salas is the sole shareholder and president of Dolphin Management, which is the sole managing general partner of Dolphin Offshore. Each of Mr. Salas and Dolphin Management disclaims beneficial ownership, within the meaning of Section 16 of the Exchange Act, or otherwise of such portion of the Convertible Notes in which such reporting person has no actual pecuniary interest therein.
  • [F5]These Convertible Notes are owned directly by Dolphin Offshore.
  • [F6]These Convertible Notes are owned indirectly by Dolphin Management and Mr. Salas. Mr. Salas is the sole shareholder and president of Dolphin Management, which is the sole managing general partner of Dolphin Offshore. Each of Mr. Salas and Dolphin Management disclaims beneficial ownership, within the meaning of Section 16 of the Exchange Act, or otherwise of such portion of the Convertible Notes in which such reporting person has no actual pecuniary interest therein.

Documents

2 files