-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T7QEoSX1bw/+bM4JUVrNSM6hMrQvErikmpmF9IRn9spEE5UzMUas0Bcl2xR5F1la 0ZUV98v7GABCXoE6iJS0Kw== 0000950134-07-025216.txt : 20071211 0000950134-07-025216.hdr.sgml : 20071211 20071211155056 ACCESSION NUMBER: 0000950134-07-025216 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071211 DATE AS OF CHANGE: 20071211 GROUP MEMBERS: BEACHWOLD PARTNERS LP GROUP MEMBERS: LUCY N FRIEDMAN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FRIEDMAN WILLIAM S CENTRAL INDEX KEY: 0001039084 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2129495000 MAIL ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: EAST BUILDING CITY: NEW YORK STATE: NY ZIP: 10017 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TARRAGON CORP CENTRAL INDEX KEY: 0001038217 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 942432628 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54669 FILM NUMBER: 071299116 BUSINESS ADDRESS: STREET 1: 3100 MONTICELLO AVE STREET 2: STE 200 CITY: DALLAS STATE: TX ZIP: 75205 BUSINESS PHONE: 2145992200 MAIL ADDRESS: STREET 1: 3100 MONTICELLO AVENUE STREET 2: SUITE 200 CITY: DALLAS STATE: TX ZIP: 75205 FORMER COMPANY: FORMER CONFORMED NAME: TARRAGON REALTY INVESTORS INC DATE OF NAME CHANGE: 19970423 SC 13D/A 1 d52308sc13dza.htm AMENDMENT TO SCHEDULE 13D sc13dza
Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 13)*
TARRAGON CORPORATION
 
(Name of Issuer)
Common Stock, par value $0.01
 
(Title of Class of Securities)
876287-10-3
 
(CUSIP Number)
     
 
  William S. Friedman
 
  423 West 55th Street, 12th Floor
 
  New York, New York 10019
 
  (212) 949-5000
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 23, 2007
 
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of '' 240.1.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box 13d-1(b)(3) or (4), check the following box o.
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ' 240.13d-7(b) for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


TABLE OF CONTENTS

Item 1. Security and Issuer
Item 2. Identity and Background
Item 3. Source and Amount of Funds or Other Consideration
Item 4. Purpose of the Transaction
Item 5. Interest in Securities of the Issuer
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 7. Material to be Filed as Exhibits
SIGNATURES


Table of Contents

                     
CUSIP No.
 
876287-10-3 
 

 

           
1   Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)

William S. Friedman
     
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   o 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  PF
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  United States of America
       
  7   Sole Voting Power
     
Number of   3,335,523
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   -0-
       
Each 9   Sole Dispositive Power
Reporting    
Person   3,335,523
       
With 10   Shared Dispositive Power
     
    -0-
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  3,335,523
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  þ
     
13   Percent of Class Represented by Amount in Row (11)
   
  11.5%
     
14   Type of Reporting Person (See Instructions)
   
  IN


Table of Contents

                     
CUSIP No.
 
876287-10-3 
 

 

           
1   Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)

Lucy N. Friedman
     
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   o 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  PF
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  United States of America
       
  7   Sole Voting Power
     
Number of   3,099,801
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   -0-
       
Each 9   Sole Dispositive Power
Reporting    
Person   3,099,801
       
With 10   Shared Dispositive Power
     
    -0-
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  3,099,801
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  þ
     
13   Percent of Class Represented by Amount in Row (11)
   
  10.7%
     
14   Type of Reporting Person (See Instructions)
   
  IN


Table of Contents

                     
CUSIP No.
 
876287-10-3 
 

 

           
1   Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)

Beachwold Partners, L.P., FEI 75-2568292
     
     
2   Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)   o 
  (b)   o 
     
3   SEC Use Only
   
   
     
4   Source of Funds (See Instructions)
   
  OO
     
5   Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
   
  o
     
6   Citizenship or Place of Organization
   
  Texas
       
  7   Sole Voting Power
     
Number of   1,048,505
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   -0-
       
Each 9   Sole Dispositive Power
Reporting    
Person   1,048,505
       
With 10   Shared Dispositive Power
     
    -0-
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  1,048,505
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  þ
     
13   Percent of Class Represented by Amount in Row (11)
   
  3.6%
     
14   Type of Reporting Person (See Instructions)
   
  PN


Table of Contents

Item 1. Security and Issuer.
     This Amendment No. 13 to Statement on Schedule 13D is an amendment and restatement in its entirety of the Schedule 13D and amendments Nos. 1 through 12 thereto (collectively, the “Restated Statement”) previously filed with the Securities and Exchange Commission relating to shares of common stock, par value $0.01 per share, of Tarragon Corporation, a Nevada corporation (the “Issuer” or “Tarragon”), which has its principal executive offices at 423 West 55th Street, 12th Floor, New York, New York 10019. The CUSIP number of Tarragon common stock is 876287-10-3.
Item 2. Identity and Background.
     This Restated Statement is filed on behalf of William S. Friedman, Lucy N. Friedman and Beachwold Partners, L.P., a Texas limited partnership whose sole general partner is William S. Friedman, all of whom are sometimes collectively referred to herein as the “Reporting Persons.” William S. Friedman is a United States citizen. His present principal occupation and business address is Chief Executive Officer and Chairman of the Board of Directors of Tarragon, 423 West 55th Street, 12th Floor, New York, New York 10019. Lucy N. Friedman, his spouse, is a United States citizen. Her present principal occupation and business address is President, The After School Corporation, 1440 Broadway, 16th Floor, New York, New York 10018. The business address of Beachwold Partners, L.P. is 423 West 55th Street, 12th Floor, New York, New York 10019.
Item 3. Source and Amount of Funds or Other Consideration.
     William S. Friedman acquired 170,157 shares of Tarragon common stock at $4.70 per share as a result of his exercise, on July 25, 2007, of a stock option originally granted to him in November 1998. Mr. Friedman paid a total of $799,737.90 for these shares out of his personal funds.
Item 4. Purpose of the Transaction.
     This Restated Statement is being filed due to a decrease by more than one percent (1%) in the percentage ownership of the Reporting Persons as a result of sales of stock by parties secured by such stock in order to satisfy margin calls. Such shares were previously pledged to secure revolving margin loans.
     Between August 7, 2007 and August 23, 2007, 1,743,043 shares of Tarragon common stock beneficially owned by William S. Friedman were sold as a result of margin calls, 2,795,778 shares of Tarragon common stock beneficially owned by Lucy N. Friedman were sold as a result of margin calls, and 1,003,045 shares of Tarragon common stock beneficially owned by Beachwold Partners, L.P. were sold as a result of margin calls. All of the proceeds from the liquidation of these shares were used to repay margin debt.

 


Table of Contents

Item 5. Interest in Securities of the Issuer.
     (a) As of December 4, 2007, the Reporting Persons collectively beneficially own an aggregate of 6,435,324 shares of Tarragon common stock, which constitutes approximately 22.3% of the total number of shares of Tarragon common stock outstanding at December 4, 2007. The total shares beneficially owned by the Reporting Persons described above does not include shares of Tarragon common stock owned by the adult children of Mr. and Mrs. Friedman. The Reporting Persons disclaim beneficial ownership of any shares of Tarragon common stock owned by their adult children.
     Each of the Reporting Persons directly own the number of shares of Tarragon common stock set forth opposite their respective names below:
         
    SHARES DIRECTLY
REPORTING PERSON   OWNED AS OF 12/04/07
William S. Friedman
    2,287,017  
Lucy N. Friedman
    3,099,801  
Beachwold Partners, L.P.
    1,048,505  
 
       
 
       
TOTAL
    6,435,324  
     (b) Mr. and Mrs. Friedman each have the sole power to vote and to dispose of the shares held in their individual name. Mr. Friedman, as the general partner of Beachwold Partners, L.P., also has the sole power to vote and to dispose of the shares held by the partnership.
     (c) During the 60 days ended August 23, 2007, a total of 1,743,043 shares of Tarragon common stock beneficially owned by William S. Friedman were sold as a result of margin calls, 2,795,778 shares of Tarragon common stock beneficially owned by Lucy N. Friedman were sold as a result of margin calls, and 1,003,045 shares of Tarragon common stock beneficially owned by Beachwold Partners, L.P. were sold as a result of margin calls. These margin sale transactions are detailed on Schedules A-I through A-III attached to this Restated Statement.
     During the 60 days ended August 23, 2007, William S. Friedman also acquired 170,157 shares of Tarragon common stock at $4.70 per share as a result of his exercise, on July 25, 2007, of a stock option originally granted to him in November 1998. The Reporting Persons have not engaged in any transactions in shares of Tarragon common stock since August 23, 2007.
     (d) No person other than the Reporting Persons is known to have the right to receive or the power to direct receipt of dividends from, or the proceeds of sale of, the 6,435,324 shares of Tarragon common stock held by the Reporting Persons.
     (e) Not applicable.

 


Table of Contents

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
     Substantially all of the shares of Tarragon common stock beneficially owned by the Reporting Persons are held in margin accounts with brokerage firms. Such arrangements with brokerage firms are standard arrangements involving margin securities of up to a specified percentage of the market value of the Tarragon common stock and bear interest at varying rates and contain only standard default and similar provisions, the operation of which should not give any other person immediate voting power or investment power over such securities.
     Except as set forth in the preceding paragraphs, the Reporting Persons do not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer including, but not limited to, transfer or voting of any of the securities, finders fees, joint ventures, loan or options arrangements, puts or calls, guaranties of profits, division of profits or loss, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
     None.

 


Table of Contents

SIGNATURES
     After reasonable inquiry and to the best of their respective knowledge and belief, the undersigned certify that the information set forth in this Amendment No. 13 to Statement on Schedule 13D is true, complete and correct.
Dated: December 11, 2007
         
 
  /s/ William S. Friedman   /s/ Lucy N. Friedman
 
       
 
       
 
  William S. Friedman,   Lucy N. Friedman,
 
  Individually   Individually
 
       
 
  BEACHWOLD PARTNERS, L.P.,    
 
       
By:
  /s/ William S. Friedman    
 
 
 
William S. Friedman,
   
 
  General Partner    

 


Table of Contents

Schedule A-I
to Item 5 (c)
of Schedule 13D
William S. Friedman
                     
        Number of    
    Date   shares sold   Price
 
  8/9/2007     193,174     $ 0.90  
 
  8/9/2007     3,900     $ 2.40  
 
  8/9/2007     50,000     $ 2.10  
 
  8/9/2007     14,600     $ 1.99  
 
  8/9/2007     117,170     $ 0.87  
 
  8/10/2007     300     $ 1.12  
 
  8/10/2007     10,900     $ 1.11  
 
  8/10/2007     30,000     $ 1.10  
 
  8/10/2007     10,000     $ 1.09  
 
  8/10/2007     20,000     $ 1.08  
 
  8/10/2007     10,000     $ 1.07  
 
  8/10/2007     20,000     $ 1.06  
 
  8/10/2007     20,000     $ 1.05  
 
  8/10/2007     13,025     $ 1.04  
 
  8/10/2007     40,000     $ 1.03  
 
  8/10/2007     25,000     $ 1.02  
 
  8/10/2007     40,000     $ 1.01  
 
  8/10/2007     60,000     $ 1.00  
 
  8/10/2007     16,775     $ 0.99  
 
  8/10/2007     13,300     $ 0.98  
 
  8/10/2007     15,000     $ 0.95  
 
  8/10/2007     15,000     $ 0.94  
 
  8/10/2007     20,400     $ 0.93  
 
  8/10/2007     24,600     $ 0.92  
 
  8/10/2007     36,347     $ 0.91  
 
  8/10/2007     10,053     $ 0.90  
 
  8/10/2007     27,000     $ 0.89  
 
  8/10/2007     26,914     $ 0.88  
 
  8/10/2007     5,386     $ 0.87  
 
  8/16/2007     30,704     $ 0.60  
 
  8/16/2007     20,253     $ 0.59  
 
  8/17/2007     10,000     $ 0.71  
 
  8/17/2007     20,000     $ 0.70  
 
  8/17/2007     35,000     $ 0.67  
 
  8/17/2007     2,200     $ 0.64  
 
  8/17/2007     10,000     $ 0.63  
 
  8/17/2007     4,546     $ 0.58  
 
  8/17/2007     14,630     $ 0.57  
 
  8/17/2007     45,000     $ 0.56  
 
  8/17/2007     50,000     $ 0.55  
 
  8/17/2007     20,000     $ 0.54  
 
  8/20/2007     83,714     $ 0.66  
 
  8/21/2007     10,000     $ 0.63  
 
  8/21/2007     10,000     $ 0.62  

 


Table of Contents

Schedule A-I
to Item 5 (c)
of Schedule 13D
William S. Friedman
                     
        Number of    
    Date   shares sold   Price
 
  8/21/2007     12,000     $ 0.58  
 
  8/21/2007     55,000     $ 0.57  
 
  8/21/2007     15,000     $ 0.56  
 
  8/21/2007     10,000     $ 0.55  
 
  8/22/2007     2,100     $ 0.59  
 
  8/22/2007     35,000     $ 0.57  
 
  8/22/2007     10,633     $ 0.56  
 
  8/22/2007     15,000     $ 0.54  
 
  8/22/2007     10,000     $ 0.53  
 
  8/22/2007     25,000     $ 0.52  
 
  8/22/2007     25,000     $ 0.51  
 
  8/23/2007     519     $ 0.65  
 
  8/23/2007     20,000     $ 0.64  
 
  8/23/2007     42,900     $ 0.63  
 
  8/23/2007     100,000     $ 0.62  
 
  8/23/2007     10,000     $ 0.61  
 
  8/23/2007     10,000     $ 0.60  
 
  8/23/2007     20,000     $ 0.59  
 
  8/23/2007     60,000     $ 0.58  
 
  8/23/2007     10,000     $ 0.57  

 


Table of Contents

Schedule A-II
to Item 5 (c)
of Schedule 13D
Lucy N. Friedman
                     
        Number of    
    Date   shares sold   Price
 
  8/7/2007     5,000     $ 3.16  
 
  8/7/2007     10,000     $ 3.17  
 
  8/8/2007     1,954     $ 3.60  
 
  8/8/2007     3,200     $ 3.56  
 
  8/8/2007     17,100     $ 3.55  
 
  8/8/2007     1,000     $ 3.49  
 
  8/8/2007     2,500     $ 3.40  
 
  8/8/2007     2,800     $ 3.31  
 
  8/8/2007     3,086     $ 3.26  
 
  8/8/2007     5,000     $ 3.25  
 
  8/8/2007     12,014     $ 3.24  
 
  8/8/2007     10,000     $ 3.22  
 
  8/8/2007     9,900     $ 3.20  
 
  8/8/2007     1,000     $ 3.19  
 
  8/8/2007     10,000     $ 3.17  
 
  8/8/2007     9,600     $ 3.16  
 
  8/8/2007     10,000     $ 3.15  
 
  8/8/2007     5,000     $ 3.10  
 
  8/8/2007     5,000     $ 3.09  
 
  8/8/2007     10,046     $ 3.06  
 
  8/8/2007     25,000     $ 2.90  
 
  8/9/2007     2,933     $ 2.60  
 
  8/9/2007     10,000     $ 2.42  
 
  8/9/2007     5,000     $ 2.41  
 
  8/9/2007     10,000     $ 2.39  
 
  8/9/2007     7,500     $ 2.38  
 
  8/9/2007     2,500     $ 2.29  
 
  8/9/2007     2,500     $ 2.19  
 
  8/9/2007     3,500     $ 2.18  
 
  8/9/2007     2,500     $ 2.17  
 
  8/9/2007     2,500     $ 2.16  
 
  8/9/2007     9,000     $ 2.10  
 
  8/9/2007     15,000     $ 2.04  
 
  8/9/2007     2,500     $ 2.02  
 
  8/9/2007     15,000     $ 2.00  
 
  8/9/2007     10,000     $ 1.98  
 
  8/9/2007     22,500     $ 1.96  
 
  8/9/2007     22,000     $ 1.95  
 
  8/9/2007     5,000     $ 1.88  
 
  8/9/2007     10,000     $ 1.80  
 
  8/9/2007     5,000     $ 1.78  
 
  8/9/2007     10,000     $ 1.76  
 
  8/9/2007     5,000     $ 1.68  
 
  8/9/2007     2,500     $ 1.61  
 
  8/9/2007     17,500     $ 1.60  
 
  8/9/2007     10,000     $ 1.53  

 


Table of Contents

Schedule A-II
to Item 5 (c)
of Schedule 13D
Lucy N. Friedman
                     
        Number of    
    Date   shares sold   Price
 
  8/9/2007     5,000     $ 1.51  
 
  8/9/2007     3,000     $ 1.50  
 
  8/9/2007     22,500     $ 1.45  
 
  8/9/2007     25,000     $ 1.43  
 
  8/9/2007     5,000     $ 1.38  
 
  8/9/2007     11,500     $ 1.37  
 
  8/9/2007     16,000     $ 1.35  
 
  8/9/2007     2,500     $ 1.20  
 
  8/9/2007     7,500     $ 1.10  
 
  8/9/2007     10,000     $ 1.09  
 
  8/9/2007     70,000     $ 1.05  
 
  8/9/2007     10,000     $ 1.03  
 
  8/9/2007     40,000     $ 1.02  
 
  8/9/2007     50,000     $ 1.00  
 
  8/9/2007     15,000     $ 0.98  
 
  8/9/2007     28,400     $ 0.97  
 
  8/9/2007     50,000     $ 0.96  
 
  8/9/2007     80,000     $ 0.95  
 
  8/9/2007     95,000     $ 0.94  
 
  8/9/2007     95,000     $ 0.93  
 
  8/9/2007     220,000     $ 0.92  
 
  8/9/2007     213,295     $ 0.91  
 
  8/9/2007     357,123     $ 0.90  
 
  8/9/2007     150,100     $ 0.89  
 
  8/9/2007     110,500     $ 0.88  
 
  8/9/2007     55,000     $ 0.87  
 
  8/9/2007     144,000     $ 0.86  
 
  8/9/2007     44,000     $ 0.85  
 
  8/9/2007     55,000     $ 0.81  
 
  8/9/2007     87,677     $ 0.87  
 
  8/9/2007     144,550     $ 0.90  
 
  8/10/2007     5,400     $ 1.12  
 
  8/10/2007     12,400     $ 1.11  
 
  8/10/2007     10,000     $ 1.09  
 
  8/10/2007     10,000     $ 1.07  
 
  8/10/2007     6,975     $ 1.04  
 
  8/10/2007     5,000     $ 1.03  
 
  8/10/2007     20,000     $ 1.02  
 
  8/10/2007     5,000     $ 1.00  
 
  8/10/2007     86,700     $ 0.98  
 
  8/10/2007     8,225     $ 0.99  
 
  8/10/2007     5,000     $ 0.95  
 
  8/10/2007     5,000     $ 0.94  
 
  8/10/2007     13,600     $ 0.91  
 
  8/10/2007     5,500     $ 0.89  
 
  8/10/2007     5,200     $ 0.88  

 


Table of Contents

Schedule A-III
to Item 5 (c)
of Schedule 13D
Beachwold Partners, LP
                     
        Number of    
    Date   shares sold   Price
 
  8/9/2007     60     $ 2.72  
 
  8/9/2007     80     $ 2.71  
 
  8/9/2007     480     $ 2.70  
 
  8/9/2007     600     $ 2.69  
 
  8/9/2007     25,300     $ 2.67  
 
  8/9/2007     26,551     $ 1.99  
 
  8/9/2007     21,000     $ 1.98  
 
  8/9/2007     10,000     $ 1.97  
 
  8/9/2007     42,000     $ 1.95  
 
  8/9/2007     8,000     $ 1.94  
 
  8/9/2007     5,616     $ 1.93  
 
  8/9/2007     21,000     $ 1.89  
 
  8/9/2007     8,000     $ 1.86  
 
  8/9/2007     8,000     $ 1.85  
 
  8/9/2007     8,000     $ 1.82  
 
  8/9/2007     4,000     $ 1.81  
 
  8/9/2007     4,000     $ 1.80  
 
  8/9/2007     4,000     $ 1.78  
 
  8/9/2007     8,000     $ 1.77  
 
  8/9/2007     11,000     $ 1.74  
 
  8/9/2007     14,000     $ 1.73  
 
  8/9/2007     4,000     $ 1.72  
 
  8/9/2007     4,000     $ 1.71  
 
  8/9/2007     4,000     $ 1.70  
 
  8/9/2007     4,000     $ 1.62  
 
  8/9/2007     4,000     $ 1.61  
 
  8/9/2007     4,000     $ 1.57  
 
  8/9/2007     9,000     $ 1.56  
 
  8/9/2007     36,900     $ 1.55  
 
  8/9/2007     7,183     $ 1.54  
 
  8/9/2007     4,300     $ 1.53  
 
  8/9/2007     4,000     $ 1.52  
 
  8/9/2007     10,000     $ 1.51  
 
  8/9/2007     8,000     $ 1.50  
 
  8/9/2007     8,400     $ 1.49  
 
  8/9/2007     12,100     $ 1.48  
 
  8/9/2007     8,000     $ 1.47  
 
  8/9/2007     6,000     $ 1.46  
 
  8/9/2007     4,000     $ 1.45  
 
  8/9/2007     10,000     $ 1.44  
 
  8/9/2007     10,000     $ 1.43  
 
  8/9/2007     22,142     $ 1.42  
 
  8/9/2007     24,100     $ 1.41  
 
  8/9/2007     26,100     $ 1.40  
 
  8/9/2007     17,500     $ 1.39  

 


Table of Contents

Schedule A-III
to Item 5 (c)
of Schedule 13D
Beachwold Partners, LP
                     
        Number of    
    Date   shares sold   Price
 
  8/9/2007     26,608     $ 1.38  
 
  8/9/2007     38,000     $ 1.37  
 
  8/9/2007     4,000     $ 1.36  
 
  8/9/2007     37,025     $ 1.35  
 
  8/9/2007     16,000     $ 1.34  
 
  8/9/2007     33,700     $ 1.33  
 
  8/9/2007     8,000     $ 1.32  
 
  8/9/2007     24,000     $ 1.31  
 
  8/9/2007     13,700     $ 1.30  
 
  8/9/2007     3,000     $ 0.98  
 
  8/9/2007     1,000     $ 0.95  
 
  8/9/2007     2,000     $ 2.51  
 
  8/9/2007     10,000     $ 2.50  
 
  8/9/2007     2,000     $ 2.46  
 
  8/9/2007     600     $ 2.45  
 
  8/9/2007     3,310     $ 2.44  
 
  8/9/2007     2,200     $ 2.40  
 
  8/9/2007     15,039     $ 2.38  
 
  8/9/2007     8,200     $ 2.37  
 
  8/9/2007     9,000     $ 2.36  
 
  8/9/2007     5,300     $ 2.32  
 
  8/9/2007     300     $ 2.31  
 
  8/9/2007     26,100     $ 2.30  
 
  8/9/2007     800     $ 2.22  
 
  8/9/2007     7,000     $ 2.21  
 
  8/9/2007     21,268     $ 2.20  
 
  8/9/2007     11,500     $ 2.19  
 
  8/9/2007     100     $ 2.17  
 
  8/9/2007     3,800     $ 2.16  
 
  8/9/2007     5,400     $ 2.15  
 
  8/9/2007     600     $ 2.13  
 
  8/9/2007     2,900     $ 2.12  
 
  8/9/2007     10,000     $ 2.01  
 
  8/9/2007     169,183     $ 2.00  

 

-----END PRIVACY-ENHANCED MESSAGE-----