Home/Filings/4/0001284815-05-000001
4//SEC Filing

EYE OF THE ROUND LLC 4

Accession 0001284815-05-000001

CIK 0001017156other

Filed

Feb 1, 7:00 PM ET

Accepted

Feb 2, 3:21 PM ET

Size

15.8 KB

Accession

0001284815-05-000001

Insider Transaction Report

Form 4
Period: 2005-01-31
Transactions
  • Other

    Warrant

    2005-01-31$1.11/sh+150,000$166,500150,000 total(indirect: See Notes)
    Exercise: $1.11Common Stock (150,000 underlying)
Transactions
  • Other

    Warrant

    2005-01-31$1.11/sh+150,000$166,500150,000 total(indirect: See Notes)
    Exercise: $1.11Common Stock (150,000 underlying)
Transactions
  • Other

    Warrant

    2005-01-31$1.11/sh+150,000$166,500150,000 total(indirect: See Notes)
    Exercise: $1.11Common Stock (150,000 underlying)
Footnotes (5)
  • [F1]The warrant to purchase common stock (the "Warrant") was acquired by Critical Capital Growth Fund, L.P. ("Critical Capital") in connection with the confirmation of the First Amended Joint Plan of Reorganization of the issuer by the United States Bankruptcy Court - Central District of California on December 31, 2003. The Warrant becomes exercisable on April 1, 2005. As a result the Reporting Persons are making this filing to add Critical Capital as a member of the "group," subject however to footnotes (3), (4) and (5) hereof.
  • [F2]No expiration date.
  • [F3]The reported securities are owned directly by Critical Capital and indirectly by Steven B. Sands, as the chairman of the general partner of the general partner of Critical Capital. Mr. Sands disclaims beneficial ownership of the reported securities, and this report shall not be deemed an admission by Mr. Sands that he is the beneficial owner of the securities for purposes of Section 16.
  • [F4]The reported securities are owned solely by Critical Capital. Mr. Sands, Eye of the Round, LLC and Critical Capital each disclaim group and beneficial ownership of shares not owned of record.
  • [F5]Does not include warrants to purchase an aggregate of 63,000 shares of common stock acquired by a registered broker-dealer with which Mr. Sands is registered (the "Broker-Dealer"). Mr. Sands disclaims beneficial ownership of the warrants issued to the Broker Dealer.