4//SEC Filing
PALOMA INTERNATIONAL L P 4
Accession 0001013594-03-000316
CIK 0000841555other
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 5:04 PM ET
Size
49.3 KB
Accession
0001013594-03-000316
Insider Transaction Report
Form 4
PALOMA INTERNATIONAL L P
10% Owner
Transactions
- Other
Common Stock
2002-10-15$0.75/sh+31,728$23,796→ 31,723 total(indirect: See) - Other
Common Stock
2003-04-15$0.75/sh+22,663$16,997→ 160,656 total(indirect: See) - Other
Common Stock
2003-07-15$0.35/sh+24,551$8,593→ 49,672 total(indirect: See) - Sale
Common Stock
2003-04-25$1.02/sh−1,750$1,785→ 141,906 total(indirect: See) - Sale
Common Stock
2003-05-16$0.95/sh−1,500$1,425→ 132,906 total(indirect: See) - Sale
Common Stock
2003-06-05$1.00/sh−2,000$2,000→ 130,906 total(indirect: See) - Sale
Common Stock
2003-06-23$1.00/sh−43,700$43,700→ 77,206 total(indirect: See) - Sale
Common Stock
2003-06-24$1.00/sh−20,000$20,000→ 57,206 total(indirect: See) - Sale
Common Stock
2003-10-01$1.50/sh−47,446$71,169→ 0 total(indirect: See) - Conversion
10% Secured Convertible Promissory Note due 10/19/06
2003-10-14−70,175→ 107,992 total(indirect: See)Exercise: $2.86From: 2002-06-11Exp: 2006-10-19→ Common Stock (200,500 underlying) - Other
Common Stock
2002-10-15$0.35/sh+33,995$11,898→ 65,723 total(indirect: See) - Other
Common Stock
2003-07-15$0.75/sh+22,915$17,186→ 25,121 total(indirect: See) - Conversion
10% Convertible Subordinated Promissory Note due 10/19/06
2003-10-16−270,001→ 402,651 total(indirect: See)Exercise: $1.33From: 2002-06-11Exp: 2006-10-19→ Common Stock (360,001 underlying) - Sale
Common Stock
2003-04-21$1.07/sh−15,000$16,050→ 145,656 total(indirect: See) - Sale
Common Stock
2003-04-23$1.10/sh−2,000$2,200→ 143,656 total(indirect: See) - Conversion
10% Secured Convertible Promissory Note due 10/19/06
2003-10-10−149,000→ 195,667 total(indirect: See)Exercise: $2.86From: 2002-06-11Exp: 2006-10-19→ Common Stock (425,714 underlying) - Other
Common Stock
2003-04-15$0.35/sh+24,282$8,499→ 137,933 total(indirect: See) - Sale
Common Stock
2003-07-16$0.93/sh−2,206$2,052→ 47,446 total(indirect: See) - Exercise of In-Money
2002 Common Stock Warrant
2003-10-06−492,381→ 0 total(indirect: See)Exercise: $0.75From: 2002-09-06Exp: 2006-10-18→ Common Stock (492,381 underlying) - Sale
Common Stock
2003-06-09$1.00/sh−10,000$10,000→ 120,906 total(indirect: See) - Sale
Common Stock
2003-07-01$1.00/sh−30,000$30,000→ 27,206 total(indirect: See) - Sale
Common Stock
2003-05-15$0.95/sh−7,500$7,125→ 134,406 total(indirect: See) - Other
Common Stock
2003-01-15$0.35/sh+24,822$8,688→ 90,545 total(indirect: See) - Exercise of In-Money
Common Stock
2003-10-06$0.75/sh+492,381$369,286→ 492,381 total(indirect: See) - Conversion
10% Secured Convertible Promissory Note due 10/19/06
2003-10-13−17,500→ 178,162 total(indirect: See)Exercise: $2.86From: 2002-06-11Exp: 2006-10-19→ Common Stock (50,000 underlying) - Conversion
10% Secured Convertible Promissory Note due 10/19/06
2003-10-15−107,992→ 0 total(indirect: See)Exercise: $2.86From: 2002-06-11Exp: 2006-10-19→ Common Stock (308,548 underlying) - Other
Common Stock
2003-01-15$0.75/sh+23,166$17,375→ 113,711 total(indirect: See) - Sale
Common Stock
2003-07-02$1.06/sh−25,000$26,500→ 2,206 total(indirect: See) - Conversion
10% Convertible Subordinated Promissory Note due 10/19/06
2003-10-10−16,679→ 672,652 total(indirect: See)Exercise: $1.33From: 2002-06-11Exp: 2006-10-19→ Common Stock (22,238 underlying)
SUSSMAN S DONALD
10% Owner
Transactions
- Sale
Common Stock
2003-04-21$1.07/sh−15,000$16,050→ 145,656 total(indirect: See) - Sale
Common Stock
2003-07-02$1.06/sh−25,000$26,500→ 2,206 total(indirect: See) - Conversion
10% Convertible Subordinated Promissory Note due 10/19/06
2003-10-16−270,001→ 402,651 total(indirect: See)Exercise: $1.33From: 2002-06-11Exp: 2006-10-19→ Common Stock (360,001 underlying) - Conversion
10% Secured Convertible Promissory Note due 10/19/06
2003-10-15−107,992→ 0 total(indirect: See)Exercise: $2.86From: 2002-06-11Exp: 2006-10-19→ Common Stock (308,548 underlying) - Sale
Common Stock
2003-06-09$1.00/sh−10,000$10,000→ 120,906 total(indirect: See) - Sale
Common Stock
2003-06-24$1.00/sh−20,000$20,000→ 57,206 total(indirect: See) - Sale
Common Stock
2003-05-16$0.95/sh−1,500$1,425→ 132,906 total(indirect: See) - Sale
Common Stock
2003-07-01$1.00/sh−30,000$30,000→ 27,206 total(indirect: See) - Sale
Common Stock
2003-04-23$1.10/sh−2,000$2,200→ 143,656 total(indirect: See) - Conversion
10% Convertible Subordinated Promissory Note due 10/19/06
2003-10-10−16,679→ 672,652 total(indirect: See)Exercise: $1.33From: 2002-06-11Exp: 2006-10-19→ Common Stock (22,238 underlying) - Conversion
10% Secured Convertible Promissory Note due 10/19/06
2003-10-13−17,500→ 178,162 total(indirect: See)Exercise: $2.86From: 2002-06-11Exp: 2006-10-19→ Common Stock (50,000 underlying) - Conversion
10% Secured Convertible Promissory Note due 10/19/06
2003-10-14−70,175→ 107,992 total(indirect: See)Exercise: $2.86From: 2002-06-11Exp: 2006-10-19→ Common Stock (200,500 underlying) - Other
Common Stock
2003-04-15$0.35/sh+24,282$8,499→ 137,933 total(indirect: See) - Other
Common Stock
2003-04-15$0.75/sh+22,663$16,997→ 160,656 total(indirect: See) - Sale
Common Stock
2003-05-15$0.95/sh−7,500$7,125→ 134,406 total(indirect: See) - Conversion
10% Secured Convertible Promissory Note due 10/19/06
2003-10-10−149,000→ 195,667 total(indirect: See)Exercise: $2.86From: 2002-06-11Exp: 2006-10-19→ Common Stock (425,714 underlying) - Other
Common Stock
2002-10-15$0.75/sh+31,728$23,796→ 31,723 total(indirect: See) - Other
Common Stock
2002-10-15$0.35/sh+33,995$11,898→ 65,723 total(indirect: See) - Other
Common Stock
2003-07-15$0.75/sh+22,915$17,186→ 25,121 total(indirect: See) - Sale
Common Stock
2003-07-16$0.93/sh−2,206$2,052→ 47,446 total(indirect: See) - Sale
Common Stock
2003-10-01$1.50/sh−47,446$71,169→ 0 total(indirect: See) - Other
Common Stock
2003-07-15$0.35/sh+24,551$8,593→ 49,672 total(indirect: See) - Exercise of In-Money
Common Stock
2003-10-06$0.75/sh+492,381$369,286→ 492,381 total(indirect: See) - Other
Common Stock
2003-01-15$0.35/sh+24,822$8,688→ 90,545 total(indirect: See) - Other
Common Stock
2003-01-15$0.75/sh+23,166$17,375→ 113,711 total(indirect: See) - Exercise of In-Money
2002 Common Stock Warrant
2003-10-06−492,381→ 0 total(indirect: See)Exercise: $0.75From: 2002-09-06Exp: 2006-10-18→ Common Stock (492,381 underlying) - Sale
Common Stock
2003-04-25$1.02/sh−1,750$1,785→ 141,906 total(indirect: See) - Sale
Common Stock
2003-06-23$1.00/sh−43,700$43,700→ 77,206 total(indirect: See) - Sale
Common Stock
2003-06-05$1.00/sh−2,000$2,000→ 130,906 total(indirect: See)
Footnotes (5)
- [F1]Paloma International L.P. ("Paloma International"), through its wholly-owned subsidiary, Sunrise Partners Limited Partnership, a Delaware limited partnership ("Sunrise"), held 10% Convertible Subordinated Promissory Notes due October 19, 2006 ("Subordinated Notes") issued by Crown Resources Corporation ("Issuer"). Pursuant to the Subordinated Notes, the Issuer has the option, in its sole discretion, to pay any interest accrued and payable to Sunrise in shares of common stock instead of cash, at the fixed conversion price. These acquisitions of shares were as a result of the Issuer's election to pay Sunrise interest under the Subordinated Notes in shares of common stock.
- [F2]The securities are owned indirectly by Paloma International through its subsidiary, Sunrise. Paloma GP LLC is the general partner of Paloma International. S. Donald Sussman is the controlling person of Paloma GP LLC and therefore may be deemed to share beneficial ownership of the shares beneficially owned by Paloma International and Paloma GP LLC. Paloma GP LLC and Mr. Sussman each disclaims beneficial ownership of the securities with respect to which indirect beneficial ownership is reported in this Form 4, except to the extent of its or his respective pecuniary interest therein. Pursuant to Rule 16a-1(4) promulgated under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons herein states that the filing of this Form 4 and the statements made herein shall not be deemed an admission that he or it is the beneficial owner of any of the securities covered by this Form.
- [F3]Paloma International, through its subsidiary, Sunrise, held 10% Secured Convertible Promissory Notes due October 19, 2006 ("Secured Notes") issued by the Issuer. Pursuant to the Secured Notes, the Issuer has the right to pay any interest accrued and payable to Sunrise in shares of common stock, at the fixed conversion price, at the Issuer's sole discretion. The acquisition of shares by Paloma International, through Sunrise, was as a result of the Issuer's election to pay Sunrise interest under the Secured Notes in shares of common stock. Prior to June 10, 2003, Paloma International held the Secured Notes through Paloma Securities. On June 10, 2003 Paloma Securities transferred its ownership interests in the Secured Notes to Sunrise.
- [F4]Sunrise acquired the warrants from Paloma Securities (as defined below) on June 10, 2003. The warrants originally were exercisable for 984,762 shares of common stock at an exercise price of $0.75 per share. However, in lieu of paying an exercise price, Sunrise elected to exercise such warrants on a "cashless" basis and received 492,381 shares of common stock pursuant thereto.
- [F5]Prior to June 10, 2003, Paloma International held the Subordinated Notes through Paloma Securities LLC, a Delaware limited liability company ("Paloma Securities"), a wholly-owned subsidiary of Sunrise. On June 10, 2003 Paloma Securities transferred its ownership interests in the Subordinated Notes to Sunrise.
Documents
Issuer
CROWN RESOURCES CORP
CIK 0000841555
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001270603
Filing Metadata
- Form type
- 4
- Filed
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 5:04 PM ET
- Size
- 49.3 KB