4//SEC Filing
AG SERVICES OF AMERICA INC 4
Accession 0001209191-04-007873
CIK 0000875354operating
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 3:55 PM ET
Size
9.2 KB
Accession
0001209191-04-007873
Insider Transaction Report
Form 4
EINHORN DAVID
10% Owner
Transactions
- Disposition from Tender
Common Stock
2004-01-04$8.50/sh−362,582$3,081,947→ 0 total(indirect: See footnote 2.) - Disposition from Tender
Common Stock
2004-01-04$8.50/sh−338,100$2,873,850→ 0 total(indirect: See footnote 3)
Footnotes (3)
- [F1]The filing of this Form 4 shall not be construed as an admission that Greenlight Capital, L.L.C. ("Greenlight LLC"), Greenlight Capital, Inc. ("Greenlight Inc.") or David Einhorn, the Senior Managing Member of Greenlight LLC and President of Greenlight Inc. was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of Common Stock, no par ("Common Shares") of AG Services of America, Inc. owned by Greenlight Capital Qualified, L.P. ("Greenlight Qualified"), Greenlight Capital, L.P. ("Greenlight Fund") or Greenlight Capital Offshore, Ltd. ("Greenlight Offshore"). Greenlight LLC, Greenlight Inc. and Mr. Einhorn all disclaim such beneficial ownership.
- [F2]Greenlight LLC held indirectly 362,582 Common Shares through the accounts of Greenlight Fund and Greenlight Qualified, of which Greenlight LLC is the general partner. Pursuant to a tender offer, Greenlight sold all of their Common Shares to Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., Rabobank Nederland ("Rabobank") for $8.50 per share. Greenlight LLC receives an allocation of net profits from and owns a partnership interest in Greenlight Fund and Greenlight Qualified. Mr. Einhorn is reporting the shares held indirectly by Greenlight LLC because, as the senior managing member of Greenlight LLC at the time of sale, Mr. Einhorn controlled the disposition and voting of the securities.
- [F3]Greenlight Inc. held indirectly 338,100 Common Shares through the account of Greenlight Offshore, which is controlled by Greenlight Inc. Pursuant to a tender offer, Greenlight Inc. caused Greenlight Offshore to sell all of its Common Shares to Rabobank for $8.50 per share. Greenlight Inc. is the investment advisor of Greenlight Offshore and receives an asset-based fee and an annual fee based on the appreciation of Greenlight Offshore. Mr. Einhorn, as president and director of Greenlight Inc., had control over the voting and disposition of the securities of Greenlight Offshore at the time of the sale. Additionally, Mr. Einhorn owns shares in Greenlight Offshore.
Documents
Issuer
AG SERVICES OF AMERICA INC
CIK 0000875354
Entity typeoperating
IncorporatedIA
Related Parties
1- filerCIK 0000875354
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 3:55 PM ET
- Size
- 9.2 KB