4//SEC Filing
SUN CAPITAL ADVISORS III LP 4
Accession 0001104659-03-023723
CIK 0000812446other
Filed
Oct 23, 8:00 PM ET
Accepted
Oct 24, 7:30 PM ET
Size
15.4 KB
Accession
0001104659-03-023723
Insider Transaction Report
Form 4
SUN CAPITAL PARTNERS III LLC
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2003-10-24+0→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (0 underlying)
SUN CAPITAL PARTNERS III QP LP
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2003-10-24+0→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (0 underlying)
SUN CAPITAL ADVISORS III LP
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2003-10-24+0→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (0 underlying)
LEDER MARC J
Director10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2003-10-24+0→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (0 underlying)
SUN ONE PRICE LLC
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2003-10-24+0→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (0 underlying)
KROUSE RODGER R
Director10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2003-10-24+0→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (0 underlying)
SUN CAPITAL PARTNERS III LP
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2003-10-24+0→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (0 underlying)
Footnotes (3)
- [F1]Marc J. Leder ("Leder") and Rodger R. Krouse ("Krouse") each currently serve as a director of the Issuer. In addition, Leder and Krouse each own 50% of the membership interests in Sun Capital Partners III, LLC ("Sun Partners III LLC"), which in turn is the general and managing partner of Sun Capital Advisors III, LP ("Sun Advisors III"), which in turn is the general partner of Sun Capital Partners III, LP ("Sun Partners III LP") and Sun Capital Partners III QP, LP ("Sun Partners III QP LP"). Together, Sun Partners III LP and Sun Partners III QP LP own all of the membership interests in Sun One Price, LLC ("Sun One Price"). As a result, Leder, Krouse, Sun Partners III LLC, Sun Advisors III, Sun Partners III LP and Sun Partners III QP LP may be deemed to have indirect beneficial ownership of the Stock Purchase Warrant (the "Warrant") pursuant to which Sun One Price may purchase shares of Common Stock of the Issuer.
- [F2]Leder, Krouse, Sun Partners III LLC, Sun Advisors III, Sun Partners III LP and Sun Partners III QP LP each expressly disclaims beneficial ownership of any shares of Common Stock in which they do not have a pecuniary interest.
- [F3]As partial consideration for a $5 million indirect loan (the "Loan") from Sun One Price, the Issuer granted the Warrant to Sun One Price pursuant to which Sun One Price may purchase, at a price per share of $0.01, (i) 150,000 shares of Common Stock, exercisable immediately, plus (ii) but only until such time as Sun One Price has no right to principal, interest or other payments on account of the Loan, (A) 150,000 shares on November 24, 2003, plus, 150,000 shares on the 24th of each month beginning December 24, 2003 until and including April 24, 2004, plus (B) 300,000 shares on May 20, 2004, plus 300,000 shares on the 20th of each month beginning June 20, 2004 until the expiration of the Warrant. The Warrant expires on the later of (i) October 24, 2013 and (ii) five years after such time as Sun One Price has no right to principal, interest or other payments on account of the Loan.
Documents
Issuer
ONE PRICE CLOTHING STORES INC
CIK 0000812446
Entity typeother
Related Parties
1- filerCIK 0001249709
Filing Metadata
- Form type
- 4
- Filed
- Oct 23, 8:00 PM ET
- Accepted
- Oct 24, 7:30 PM ET
- Size
- 15.4 KB