4//SEC Filing
SUN CAPITAL PARTNERS LLC 4
Accession 0001104659-05-030777
CIK 0000799097other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 4:25 PM ET
Size
14.8 KB
Accession
0001104659-05-030777
Insider Transaction Report
Form 4
SAN HOLDINGS INCSANZ.OB
LEDER MARC J
Director10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2005-06-29+1→ 5 total(indirect: See footnote)Exercise: $0.00From: 2005-06-29Exp: 2013-04-04→ Common Stock (480,969 underlying)
SUN CAPITAL PARTNERS II LP
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2005-06-29+1→ 5 total(indirect: See footnote)Exercise: $0.00From: 2005-06-29Exp: 2013-04-04→ Common Stock (480,969 underlying)
SUN SOLUNET LLC
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2005-06-29+1→ 5 total(indirect: See footnote)Exercise: $0.00From: 2005-06-29Exp: 2013-04-04→ Common Stock (480,969 underlying)
SUN CAPITAL PARTNERS LLC
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2005-06-29+1→ 5 total(indirect: See footnote)Exercise: $0.00From: 2005-06-29Exp: 2013-04-04→ Common Stock (480,969 underlying)
SUN CAPITAL ADVISORS II LP
10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2005-06-29+1→ 5 total(indirect: See footnote)Exercise: $0.00From: 2005-06-29Exp: 2013-04-04→ Common Stock (480,969 underlying)
KROUSE RODGER R
Director10% Owner
Transactions
- Purchase
Stock Purchase Warrant
2005-06-29+1→ 5 total(indirect: See footnote)Exercise: $0.00From: 2005-06-29Exp: 2013-04-04→ Common Stock (480,969 underlying)
Footnotes (2)
- [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, LLC ("Sun Partners LLC"), which in turn is the general partner of Sun Capital Advisors II, LP ("Sun Advisors II"), which in turn is the general partner of Sun Capital Partners II, LP ("Sun Partners II LP"). Sun Partners II LP owns 99% of the membership interests of Sun Solunet, LLC ("Sun Solunet"). As a result, Leder, Krouse, Sun Partners LLC, Sun Advisors II, and Sun Partners II LP may be deemed to have indirect beneficial ownership of the Stock Purchase Warrants pursuant to which Sun Solunet may purchase shares of Common Stock of the Issuer. Leder, Krouse, Sun Partners LLC, Sun Advisors II, and Sun Partners II LP each expressly disclaim beneficial ownership of any shares of Common Stock in which they do not have a pecuniary interest.
- [F2]On June 3, 2005, the Issuer increased the borrowing availability from $10 million to $11.5 million under the revolving credit facility (the "Harris Facility") that the Issuer maintains with Harris Trust and Savings Bank ("Harris Trust"). As a condition precedent to the amendment of the Harris Facility, on June 3, 2005, Sun Solunet increased the amount of the ongoing guaranty of the debt incurred by the Issuer under the Harris Facility. On June 27, 2005, in partial consideration for Sun Solunet increasing its ongoing guaranty, the Issuer authorized the issuance of a stock purchase warrant to Sun Solunet for 480,969 shares of common stock of the Issuer, at an exercise price of $0.001 per share. On June 29, 2005, the Issuer issued to Sun Solunet such stock purchase warrant (the "June 2005 Supplemental Warrant").
Documents
Issuer
SAN HOLDINGS INC
CIK 0000799097
Entity typeother
Related Parties
1- filerCIK 0001249755
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 4:25 PM ET
- Size
- 14.8 KB