4//SEC Filing
MDP VENTURES II LLC 4
Accession 0001116679-05-000049
CIK 0000924373other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:08 PM ET
Size
6.6 KB
Accession
0001116679-05-000049
Insider Transaction Report
Form 4
MDP VENTURES II LLC
10% Owner
Transactions
- Other
Common Stock, par value $.01
2005-01-03+1,000,000→ 10,186,469 total
Footnotes (3)
- [F1]The 1,000,000 shares of common stock (the "New Shares"), par value $.01 ("Common Stock"), of The Sports Club Company, Inc. (the "Issuer") represent shares of Common Stock accepted by MDP Ventures II LLC ("Ventures II") from David Michael Talla ("Talla") in full satisfaction of the obligations owed to Ventures II under (i) the Amended and Restated Promissory Note, dated as of December 30, 1997, executed and delivered by Talla, as maker, to Ventures II, as payee, as amended by the Note Modification Agreement, dated as of March 1, 2001, by and between Talla and Ventures II and (ii) the Amended and Restated Loan and Stock Pledge Agreement, dated as of December 30, 1997, by and between Talla and Ventures II, as amended by the First Amendment to the Amended and Restated Loan and Stock Pledge Agreement, dated as of March 1, 2001, by and between Talla and Ventures II.
- [F2]Ventures II has direct ownership over the New Shares and holds direct ownership of an aggregate of 6,227,606 shares of Common Stock of the Issuer. Millennium Development Partners II LLC ("MDP II") has an indirect beneficial interest in these securities in its capacity as managing member of Ventures II. Christopher M. Jeffries has an indirect beneficial interest in these securities in his capacity as majority and controlling member of MDP II.
- [F3]The reporting person disclaims beneficial ownership in the securities of the Issuer except to the extent of its pecuniary interest, if any, therein.
Documents
Issuer
SPORTS CLUB CO INC
CIK 0000924373
Entity typeother
Related Parties
1- filerCIK 0001106628
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:08 PM ET
- Size
- 6.6 KB