OGLEBAY NORTON CO /NEW/ 4
4 · OGLEBAY NORTON CO /NEW/ · Filed Mar 17, 2006
Insider Transaction Report
Form 4
OGLEBAY NORTON CO /NEW/OGBYP.OB
Schultze Master Fund, Ltd.
10% Owner
Transactions
- Sale
Series A Convertible Preferred Stock, $0.01 par value
2006-03-15$15.25/sh−10,400$158,600→ 1,136,265 total→ Common Stock, $0.01 par value (10,400 underlying)
Footnotes (4)
- [F1]The reporting persons disclaim beneficial ownership of these shares except to the extent of the reporting persons' pecuniary interest in the shares.
- [F2]Schultze Master Fund, Ltd., directly beneficially owns these shares; Schultze Asset Management, LLC indirectly beneficially owns these shares by its ownership of a percentage of Schultze Partners, LP and in its role as General Partner of Schultze Partners, LP. George J. Schultze controls Schultze Asset Management, LLC.
- [F3]Pursuant to their terms, the shares of Series A Convertible Preferred Stock of the Issuer are convertible at the option of the reporting peron into shares of Common Stock at an initial ratio of one share of Preferred Stock into share of Common Stock.
- [F4]The sale price per share is equal to the price per share paid by the Reporting Persons for the only purchase of the Issuer's shares within six months prior to the sale reported herein.