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Darwent Robert 4

Accession 0001140361-11-034192

CIK 0001336545other
View on SEC.govCompany Profile

Filed

Jun 23, 8:00 PM ET

Accepted

Jun 24, 4:22 PM ET

Size

54.0 KB

Accession

0001140361-11-034192

Insider Transaction Report

Form 4
Period: 2011-06-21
AMERICAN APPAREL, INCAPP
Lion Capital General Partner II LLP
10% Owner
Transactions
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
Lea Lyndon
10% Owner
Transactions
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
Darwent Robert
10% Owner
Transactions
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
Lion/Hollywood L.L.C.
10% Owner
Transactions
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
LION CAPITAL FUND II L P
10% Owner
Transactions
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
LION CAPITAL FUND II SBS LP
10% Owner
Transactions
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
Lion Capital LLP
10% Owner
Transactions
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
LION CAPITAL FUND II B L P
10% Owner
Transactions
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
Richardson Neil
10% Owner
Transactions
  • Expiration (Short)

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21−16,000,000→ 16,000,000 total
    Exercise: $2.00→ Common Stock (16,000,000 underlying)
  • Other

    Warrant to purchase shares of Common Stock (right to buy)

    2011-06-21+16,000,000→ 16,000,000 total
    Exercise: $1.00Exp: 2018-02-18→ Common Stock (16,000,000 underlying)
Footnotes (10)
  • [F1]This Form 4 is filed on behalf of Lion/Hollywood L.L.C. ("Lion/Hollywood"), Lion Capital Fund II, L.P. ("LCFII"), Lion Capital Fund II B, L.P. ("LCFIIB"), Lion Capital Fund II SBS, L.P. ("LCFIISBS"), Lion Capital General Partner II LLP ("Lion Capital GPII"), Lion Capital LLP ("Lion Capital"), Mr. Lyndon Lea, Mr. Neil Richardson and Mr. Robert Darwent. LCFII, LCFIIB and LCFIISBS are the sole members of Lion/Hollywood. Lion Capital GPII is the sole general partner of LCFII, LCFIIB and LCFIISBS. Lion Capital is the manager of each of Lion Capital GPII, LCFII, LCFIIB and LCFIISBS. Messrs. Lea, Richardson and Darwent are founding and designated members of Lion Capital.
  • [F10]This Form 4 shall not be deemed an admission that any Reporting Person or any other person referred to herein is a beneficial owner of any shares of Common Stock for purposes of Section 16 of the Exchange Act or for any other purpose or that any Reporting Person or other person (other than Lion/Hollywood) has an obligation to file this Form 4.
  • [F2]As the sole members of Lion/Hollywood, LCFII, LCFIIB and LCFIISBS may be deemed to be the indirect beneficial owners of any securities beneficially owned or deemed to be beneficially owned by Lion/Hollywood. However, pursuant to Rule 16a-1(a)(4) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of LCFII, LCFIIB and LCFIISBS disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.
  • [F3]As the sole general partner of each of LCFII, LCFIIB and LCFIISBS, Lion Capital GPII may be deemed to be the indirect beneficial owner of any securities deemed to be beneficially owned by LCFII, LCFIIB and LCFIISBS. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Lion Capital GPII disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.
  • [F4]As the manager of each of Lion Capital GPII, LCFII, LCFIIB and LCFIISBS, Lion Capital may be deemed to be the indirect beneficial owner of any securities deemed to be beneficially owned by Lion Capital GPII, LCFII, LCFIIB and LCFIISBS. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Lion Capital disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.
  • [F5]As the founding and designated members of Lion Capital, Messrs. Lea, Richardson and Darwent, may be deemed to beneficially own any securities deemed to be beneficially owned by Lion Capital. However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, each of Messrs. Lea, Richardson and Darwent disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
  • [F6]On March 13, 2009, the Issuer issued and granted to Lion/Hollywood a warrant (the "Original Warrant") to purchase at an initial exercise price of $2.00, subject to anti-dilution adjustment pursuant to the terms of the Original Warrant and certain other adjustments as described therein, 16,000,000 shares of Common Stock. On June 21, 2011, upon shareholder approval of certain proposals, Amendment No. 1 and Amendment No. 2 to the Original Warrant, dated March 24, 2011 and April 26, 2011, respectively, became effective and amended the Original Warrant by reducing the exercise price to $1.00 and extending the expiration date to February 18, 2018, which is deemed to be a cancellation of the Original Warrant and grant of a new warrant (the "New Warrant") at an initial exercise price of $1.00.
  • [F7]Immediately exercisable.
  • [F8]Number of shares of Common Stock of the Issuer, issuable upon exercise of the New Warrant as of the date of this filing. The number of shares of Common Stock issuable upon exercise of the New Warrant is subject to anti-dilution adjustment pursuant to the terms of the New Warrant and certain other adjustments as described therein.
  • [F9]The Warrant is directly owned by Lion/Hollywood. LCFII, LCFIIB and LCFIISBS are the sole members of Lion/Hollywood. Lion Capital GPII is the sole general partner of LCFII, LCFIIB and LCFIISBS. Lion Capital is the manager of each of Lion Capital GPII, LCFII, LCFIIB and LCFIISBS. Messrs. Lea, Richardson and Darwent are founding and designated members of Lion Capital. As noted in footnotes (1) through (5), LCFII, LCFIIB, LCFIISBS, Lion Capital GPII, Lion Capital and Messrs. Lea, Richardson and Darwent may each be deemed to have indirect beneficial ownership of any securities beneficially owned or deemed to be beneficially owned by Lion/Hollywood.

Documents

2 files

Issuer

AMERICAN APPAREL, INC

CIK 0001336545

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Entity typeother

Related Parties

1
  • filerCIK 0001459117

Filing Metadata

Form type
4
Filed
Jun 23, 8:00 PM ET
Accepted
Jun 24, 4:22 PM ET
Size
54.0 KB
View on SEC.gov