4//SEC Filing
SUN CAPITAL PARTNERS LLC 4
Accession 0001104659-08-019966
CIK 0000946815other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 4:59 PM ET
Size
23.5 KB
Accession
0001104659-08-019966
Insider Transaction Report
Form 4
SUN CAPITAL PARTNERS III LLC
10% Owner
Transactions
- Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying) - Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote)
SUN CAPITAL PARTNERS III LP
10% Owner
Transactions
- Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying) - Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote)
SUN CAPITAL ADVISORS III LP
10% Owner
Transactions
- Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote) - Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying)
LEDER MARC J
Director
Transactions
- Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote) - Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying)
SUN MACKIE LLC
10% Owner
Transactions
- Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote) - Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying)
KROUSE RODGER R
Director
Transactions
- Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote) - Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying)
SUN CAPITAL ADVISORS II LP
10% Owner
Transactions
- Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying) - Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote)
SUN CAPITAL PARTNERS II LP
10% Owner
Transactions
- Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying) - Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote)
SUN CAPITAL PARTNERS III QP LP
10% Owner
Transactions
- Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote) - Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying)
SUN CAPITAL PARTNERS LLC
10% Owner
Transactions
- Conversion
Common Stock
2008-03-25$0.01/sh+235,885$2,359→ 3,591,588 total(indirect: See Footnote) - Conversion
Common Stock Warrants
2008-03-25$2.50/sh−235,885$589,713→ 0 total(indirect: See Footnote)Exercise: $0.01From: 2003-03-31Exp: 2008-03-31→ Common Stock (235,885 underlying)
Footnotes (3)
- [F1]Includes 3,591,588 shares of common stock directly owned by Sun Mackie, LLC ("Sun Mackie"). Marc J. Leder ("Leder") and Rodger R. Krouse ("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"). Leder and Krouse also 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 LP") and Sun Capital Partners III QP, LP ("Sun Partners III QP, LLC").
- [F2]Together, Sun Partners II, LP, Sun Partners III, LP and Sun Partners III QP, LP own all of the membership interests in Sun Mackie. As a result, Leder, Krouse, Sun Partners LLC, Sun Partners III, LLC, Sun Advisors II, Sun Advisors III, Sun Partners II LP, Sun Partners III LP and Sun Partners III QP LP may be deemed to have indirect beneficial ownership of the securities owned directly by Sun Mackie. Leder, Krouse, Sun Partners LLC, Sun Partners III, LLC, Sun Advisors II, Sun Advisors III, Sun Partners II LP, Sun Partners III LP and Sun Partners III QP LP each expressly disclaims beneficial ownership of any securities in which they do not have a pecuniary interest.
- [F3]Pursuant to a Securities Purchase Agreement dated March 31, 2003, Sun Mackie acquired a Subordinated Promissory Note in a face amount of $3,931,429 and Stock Purchase Warrants ("Warrants") exercisable for 1,179,429 shares of common stock of the Issuer, for an aggregate purchase price of $3,931,429. Upon execution of the Securities Purchase Agreement, the Issuer and Sun Mackie agreed that, for tax purposes, the aggregate value of the Warrants was $589,714.50, or $0.50 per share of common stock for which the Warrants were exercisable. On November 17, 2005, the Issuer's common stock underwent a 1-for-5 reverse split, and in connection therewith, the common stock into which the Warrants became exercisable was proportionately decreased to 235, 885. Accordingly, the effective purchase price was increased to $2.50 per warrant.
Documents
Issuer
LOUD TECHNOLOGIES INC
CIK 0000946815
Entity typeother
Related Parties
1- filerCIK 0001249755
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 4:59 PM ET
- Size
- 23.5 KB