JL HALSEY CORP 4
4 · JL HALSEY CORP · Filed Feb 5, 2007
Insider Transaction Report
Form 4
JL HALSEY CORPJLYH.OB
COMFORT WILLIAM T III
DirectorChairman, Board of Directors10% Owner
Transactions
- Purchase
Common Stock, $.01 par value
2007-02-01$0.85/sh+12,279,130$10,437,261→ 27,496,085 total(indirect: See Footnote)
Holdings
- 4,170,000
Common Stock, $.01 par value
Footnotes (2)
- [F1]Mr. Comfort is the general partner of LDN Stuyvie Partnership, an Oklahoma partnership (the "Partnership"). On February 1, 2007, the Partnership acquired 12,279,130 shares of J.L. Halsey Corporation common stock, par value $0.01 per share (the "Common Shares"). Mr. Comfort has shared voting and dispositive power with regard to the Common Shares beneficially owned by the Partnership.
- [F2]Pursuant to the terms of a Promissory Note in the principal amount of $10,000,000 that J.L. Halsey Corporation (the "Company") issued to the Partnership on August 16, 2006 (the "Note"), the Note automatically matured on February 1, 2007, and effective as of February 1, 2007, the Company issued to the Partnership 12,279,130 shares of its common stock as payment in full of the Note, reflecting 11,764,706 shares for repayment of principal and 514,424 shares for payment of interest, each such share priced at $0.85 as set forth in the Note.