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4//SEC Filing

STOFER GORDON 4

Accession 0001250922-09-000014

CIK 0000729156other

Filed

May 21, 8:00 PM ET

Accepted

May 22, 11:52 AM ET

Size

7.5 KB

Accession

0001250922-09-000014

Insider Transaction Report

Form 4
Period: 2009-05-20
STOFER GORDON
10% Owner
Transactions
  • Sale

    Common Stock

    2009-05-20385,6621,777,941 total(indirect: see footnote)
  • Sale

    Common Stock

    2009-05-20$0.89/sh105,707$94,4491,672,234 total(indirect: see footnote)
Footnotes (3)
  • [F1]The shares beneficially owned by the reporting person after the transactions reported herein include: (a) 61,248 shares owned directly by Adam Smith Fund, LLC. These shares are indirectly owned by Adam Smith Management, LLC, as manager of Adam Smith Fund, and by Gordon Stofer as manager of Adam Smith Management. (b) 1,610,986 shares owned directly by School Power Limited Partnership. These shares are indirectly owned by Gordon Stofer, as general partner of School Power. The reporting person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest in the shares. This report shall not be deemed an admission by the reporting person that he is the beneficial owner of the shares reported herein for purposes of Section 16 or any other purpose.
  • [F2]On May 20, 2009, Adam Smith Fund disposed of partnership interests in School Power for an aggregate consideration of $407,995. The transferred interests included an indirect interest in 385,662 shares of PEDH.
  • [F3]On May 20, 2009, Adam Smith Fund disposed of 105,707 shares of PEDH.

Issuer

PEOPLES EDUCATIONAL HOLDINGS

CIK 0000729156

Entity typeother

Related Parties

1
  • filerCIK 0001139906

Filing Metadata

Form type
4
Filed
May 21, 8:00 PM ET
Accepted
May 22, 11:52 AM ET
Size
7.5 KB