4//SEC Filing
NORTHSHORE ASSET MANAGEMENT LLC 4
Accession 0001013762-09-001729
CIK 0000875762other
Filed
Sep 24, 8:00 PM ET
Accepted
Sep 25, 2:14 PM ET
Size
13.4 KB
Accession
0001013762-09-001729
Insider Transaction Report
Form 4
NORTHSHORE ASSET MANAGEMENT LLC
10% Owner
Transactions
- Sale
Common Stock
2009-09-24$0.38/sh−8,500$3,230→ 979,000 total(indirect: See footnotes)
Holdings
- 127,272(indirect: See footnotes)
Common Stock
- 3,558,347
Common Stock
- 120,772(indirect: See footnotes)
Common Sock
Footnotes (8)
- [F1]On February 16, 2005, Mr. Arthur J. Steinberg was appointed receiver of Northshore Asset Management, LLC ("Northshore"), Saldutti Capital Management, L.P. ("SCM"), Ardent Research Partners, L.P. ("Ardent Domestic"), Ardent Research Partners, Ltd. ("Ardent Offshore") and their respective affiliates, including Astor (as defined herein). Mr. Steinberg, solely in his capacity as receiver for Northshore, SCM, Ardent Domestic, Ardent Offshore, Astor and their affiliates but not in his individual capacity, is referred to herein as the "Northshore Receiver."
- [F2]Shares are held for the account of The Astor Fund LP ("Astor"), which is managed by an affiliate of Northshore.
- [F3]Shares are held by Circle Trust Company ("Circle Trust"). On August 27, 2004, Northshore contributed 1,000,000 shares (the "Subject Securities") of Startech Environmental Corporation's (the "Issuer") common stock, no par value (the "Common Stock"), to the capital of Circle Trust. Northshore, through an affiliate, beneficially owns approximately 94% of the common stock of Circle Trust. On September 30, 2005, pursuant to the provisions of Chapter 664c of the Connecticut General Statutes, the Superior Court for the Judicial District of Hartford, Connecticut appointed Connecticut Banking Commissioner Howard F. Pitkin (successor to John P. Burke) as the receiver of Circle Trust (in such capacity, the "Circle Receiver"). (Continued in footnote 7)
- [F4]Shares are held Ardent Domestic, an investment fund that is managed by SCM. SCM is owned by Northshore. Northshore and SCM disclaim beneficial ownership of these shares except to the extent of their pecuniary interest in these shares.
- [F5]Shares are held by Ardent Offshore, an investment fund that is managed by SCM. SCM is owned by Northshore. Northshore and SCM disclaim beneficial ownership of these shares except to the extent of their pecuniary interest in these shares.
- [F6]The information contained in this Form 4 regarding the shares of Common Stock of the Issuer beneficially owned by Northshore, Ardent Domestic, Ardent Offshore and Astor is primarily based upon a review of certain brokerage account statements and account information delivered prior to the date hereof to the Northshore Receiver by certain brokers for Northshore and other entities. The Northshore Receiver expressly disclaims knowledge as to the completeness and the accuracy of the information contained in this Form 4 (including any amendments hereto). The Northshore Receiver is in the process of confirming and verifying the facts and circumstances stated in this Form 4, and therefore, all statements made herein are made based upon the Northshore Receiver's current information and belief and subject to confirmation, correction, change and future amendment. (Continued in footnote 8)
- [F7]The Northshore Receiver and the Circle Receiver each entered into the Settlement Agreement, dated as of May 25, 2006, which became effective June 30, 2006, and an Amended and Restated Settlement Agreement, dated as of April 8, 2009, relating to the Subject Securities (and the proceeds from disposition of the same). Neither Circle Trust nor the Circle Receiver is a filer of this Form 4.
- [F8]The filing of this Form 4 shall not be construed as an admission that any of the Reporting Persons (as detailed below) or the Northshore Receiver is the beneficial owner of any shares of Common Stock of the Issuer and the Northshore Receiver expressly disclaims beneficial ownership or any pecuniary interest in any shares of Common Stock of the Issuer.
Documents
Issuer
STARTECH ENVIRONMENTAL CORP
CIK 0000875762
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001256426
Filing Metadata
- Form type
- 4
- Filed
- Sep 24, 8:00 PM ET
- Accepted
- Sep 25, 2:14 PM ET
- Size
- 13.4 KB