Savitz Jonathan 4
4 · DDI CORP · Filed Jun 27, 2006
Insider Transaction Report
Form 4
DDI CORPDDIC
Savitz Jonathan
10% Owner
Transactions
- Sale
Common Stock, par value $0.001 per share
2006-06-23$7.50/sh−285,000$2,137,500→ 1,578,024 total(indirect: See Footnotes)
Footnotes (6)
- [F1]All 285,000 of the securities sold, as reported in column 4 of this row, were held directly by Greywolf Capital Partners II LP, a Delaware limited partnership ("Greywolf LP").
- [F2]Of the 1,578,024 securities reported in column 5 of this row, 571,393 are held directly by Greywolf LP and 1,006,631 are held directly by Greywolf Capital Overseas Fund, a Cayman Islands exempted company ("Greywolf Overseas"), in each case as of June 24, 2006. The number of securities reported in column 5 of this row reflects the issuer's one-for-seven reverse stock split effected on February 3, 2006, as reported in the Form 8-K filed by the issuer with the Securities and Exchange Commission on February 8, 2006.
- [F3]Jonathan Savitz is (i) the senior managing member of Greywolf Advisors LLC, a Delaware limited liability company (the "General Partner"), which is the general partner of Greywolf LP, and (ii) the sole managing member of Greywolf GP LLC, a Delaware limited liability company (the "Investment Manager General Partner"), which is the general partner of Greywolf Capital Management LP, a Delaware limited partnership (the "Investment Manager"), which is the investment manager for each of Greywolf LP and Greywolf Overseas.
- [F4]As a result of the relationships described in footnote (3) of this Form 4, the General Partner and the Investment Manager General Partner could be deemed to have beneficial ownership, respectively, of the 571,393 securities held directly by Greywolf LP and the aggregate of 1,578,024 securities held directly by Greywolf LP and Greywolf Overseas as reported herein. Each such entity hereby disclaims any beneficial ownership of any such securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "34 Act"), except as to securities representing its pro rata interest in, and interest in the profits of, Greywolf LP and Greywolf Overseas.
- [F5]As a result of the relationships described in footnote (3) of this Form 4, each of Jonathan Savitz and the Investment Manager could be deemed to have beneficial ownership of the aggregate of 1,578,024 securities held directly by Greywolf LP and Greywolf Overseas as reported herein. Such person and such entity hereby disclaims any beneficial ownership of any such securities for purposes of Rule 16a-1(a) under the 34 Act, except to the extent of his or its pecuniary interest, if any.
- [F6]The reporting person and the entities identified in the footnotes of this Form 4 do not affirm the existence of a group holding equity securities of the Issuer.