-----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, LjSIVQ2TfzulpLUeLP0Kfy1z5nhoV7e7N9MqYdzmiqYCl3SfTkTcYk8lGzhWQPkK 13jMSLmSc6z3dWwJVUhkoA== 0000950138-03-000515.txt : 20030918 0000950138-03-000515.hdr.sgml : 20030918 20030918161909 ACCESSION NUMBER: 0000950138-03-000515 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030918 GROUP MEMBERS: BRETT FIALKOFF GROUP MEMBERS: BRIAN WARNER GROUP MEMBERS: PERFORMANCE CAPITAL II, L.P. GROUP MEMBERS: PERFORMANCE CAPITAL, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRICESMART INC CENTRAL INDEX KEY: 0001041803 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 330628530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51523 FILM NUMBER: 03901396 BUSINESS ADDRESS: STREET 1: 4649 MORENA BLVD CITY: SAN DIEGO STATE: CA ZIP: 92117 BUSINESS PHONE: 6195814530 MAIL ADDRESS: STREET 1: 4649 MORENA BLVD CITY: SAN DIEGO STATE: CA ZIP: 92117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PERFORMANCE CAPITAL LP CENTRAL INDEX KEY: 0000918316 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 THIRD AVE 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125934538 MAIL ADDRESS: STREET 1: 767 THIRD AVE 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 sept13da_pricesmartperfcap.txt MISC\2003\SEPT 13DA-PRICESMART-PERFCAP SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 1)* PRICESMART, INC. ---------------- (Name of Issuer) Common Stock, $.0001 par value ------------------------------ (Title of Class of Securities) 741511 10 9 ----------- (CUSIP Number) Brian Warner Performance Capital, L.P. 767 Third Avenue, 16th Floor New York, New York 10017 (212) 593-4538 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) with a copy to: Robert G. Leonard, Esq. Bryan Cave LLP 1290 Avenue of the Americas New York, NY 10104 September 16, 2003 ------------------ (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X]. * 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 (the "Exchange Act") or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes). SCHEDULE 13D CUSIP NO. 741511 10 9 Page 2 of 9 _____________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Performance Capital, L.P. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 SOURCE OF FUNDS WC _____________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] _____________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York _____________________________________________________________________________ NUMBER OF 7 SOLE VOTING POWER SHARES 148,650 Common Stock ______________________________________________________________ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ______________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 148,650 Common Stock ______________________________________________________________ PERSON 10 SHARED DISPOSITIVE POWER WITH 0 _____________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 148,650 Common Stock _____________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% (based on 6,871,913 common shares outstanding at 6/30/03) _____________________________________________________________________________ 14 TYPE OF REPORTING PERSON PN _____________________________________________________________________________ SCHEDULE 13D CUSIP NO. 741511 10 9 Page 3 of 9 _____________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Performance Capital II, L.P. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 SOURCE OF FUNDS WC _____________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] _____________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York _____________________________________________________________________________ NUMBER OF 7 SOLE VOTING POWER SHARES 48,900 Common Stock ______________________________________________________________ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ______________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 48,900 Common Stock ______________________________________________________________ PERSON 10 SHARED DISPOSITIVE POWER WITH 0 _____________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 48,900 Common Stock _____________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% (based on 6,885,246 common shares outstanding at 6/30/03 (including 13,333 to be issued upon exercise of preferred stock)) _____________________________________________________________________________ 14 TYPE OF REPORTING PERSON PN _____________________________________________________________________________ SCHEDULE 13D CUSIP NO. 741511 10 9 Page 4 of 9 _____________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Brett Fialkoff _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 SOURCE OF FUNDS PF _____________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] _____________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. _____________________________________________________________________________ NUMBER OF 7 SOLE VOTING POWER SHARES 230 Common Stock ______________________________________________________________ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ______________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 230 Common Stock ______________________________________________________________ PERSON 10 SHARED DISPOSITIVE POWER WITH 0 _____________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 230 Common Stock _____________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 0.1% (based on 6,871,913 common shares outstanding at 6/30/03) _____________________________________________________________________________ 14 TYPE OF REPORTING PERSON IN _____________________________________________________________________________ SCHEDULE 13D CUSIP NO. 741511 10 9 Page 5 of 9 _____________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Brian Warner _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 SOURCE OF FUNDS PF _____________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] _____________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. _____________________________________________________________________________ NUMBER OF 7 SOLE VOTING POWER SHARES 3,900 Common Stock ______________________________________________________________ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 ______________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 3,900 Common Stock ______________________________________________________________ PERSON 10 SHARED DISPOSITIVE POWER WITH 0 _____________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 3,900 Common Stock _____________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 0.1% (based on 6,871,913 common shares outstanding at 6/30/03) _____________________________________________________________________________ 14 TYPE OF REPORTING PERSON IN _____________________________________________________________________________ SCHEDULE 13D CUSIP NO. 741511 10 9 Page 6 of 9 Item 1 Security and Issuer. Item 1 of the Statement is hereby amended and supplemented by adding the following: This Amendment No. 1 to Schedule 13D ("Amendment No. 1") amends the Schedule 13D filed on September 6, 2002 (the "Statement") by (i) Performance Capital, L.P., a New York limited partnership ("PCI"), (ii) Performance Capital II, L.P., a New York limited partnership ("PCII"), (iii) Brett Fialkoff, a United States citizen ("BF") and (iv) Brian Warner, a United States citizen ("BW"; PCI, PCII, BF and BW shall be referred to collectively as the "Group"; each member of the Group being hereinafter referred to individually as a "Member" and collectively as "Members"), in connection with the ownership of common stock, $0.0001 per share (the "PriceSmart Common Stock") of PriceSmart, Inc., a Delaware corporation ("PriceSmart"). The principal executive offices of PriceSmart are located at 4649 Morena Boulevard, San Diego, California 92117. Other than as set forth below, to the best knowledge of the Members, there has been no material change in the information set forth in the responses to Items 2, 3, 5(b), 5(d) and 6. Accordingly, those Items are omitted from this Amendment No. 1. Unless otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Statement. This Amendment No. 1 is hereby filed to report a reduction in the percentage of the beneficial ownership of the Group in the PriceSmart Common Stock, and accordingly, as of the close of business on September 16, 2003, the Group has ceased to be the beneficial owner of more than five percent of the PriceSmart Common Stock. Item 4. Purpose of Transaction. Item 4 of the Statement is hereby amended and supplemented by adding the following: Between September 12, 2003 and September 16, 2003, the Group engaged in the following transactions with respect to PriceSmart Common Stock held by the Group: Date Buy/Sell Quantity Price ---- -------- -------- ----- 09/12/03 Sell 94,400 $9.2097 09/15/03 Sell 93,500 $8.4731 09/16/03 Sell 72,200 $8.0629 All of the above transactions were made through sales in the open market. Item 5. Interest in Securities of the Issuer. Items 5 (a), (c) and (e) of the Statement are hereby amended and supplemented by adding the following: SCHEDULE 13D CUSIP NO. 741511 10 9 Page 7 of 9 Item 5(a) As of the close of business on September 16, 2003, PCI beneficially owns 148,650 shares of PriceSmart Common Stock, representing 2.2% of PriceSmart's issued and outstanding common shares (based on 6,871,913 common shares outstanding at June 30, 2003). As of the close of business on September 16, 2003, PCII beneficially owns 48,900 shares of PriceSmart Common Stock, representing 0.7% of PriceSmart's issued and outstanding common shares (based on 6,885,246 common shares outstanding at June 30, 2003 (including 13,333 common shares to be issued upon exercise of preferred stock)). PCII's ownership is as follows: (i) 48,400 shares of PriceSmart Common Stock; and (ii) 500 shares of Series A Preferred Stock of PriceSmart which are currently convertible at $37.50 per share into an aggregate of 13,333 shares of PriceSmart Common Stock. As of the close of business on September 16, 2003, BF beneficially owns 230 shares of PriceSmart Common Stock, representing less than 0.1% of PriceSmart's issued and outstanding common shares (based on 6,871,913 common shares outstanding at June 30, 2003). BF's ownership is as follows: (i) 100 shares of PriceSmart Common Stock owned directly; and (ii) 130 shares of PriceSmart Common Stock owned through an individual retirement account. As of the close of business on September 16, 2003, BW beneficially owns 3,900 shares of PriceSmart's Common Stock, representing less than 0.1% of PriceSmart's issued and outstanding common shares (based on 6,871,913 common shares outstanding at June 30, 2003). BW's ownership is as follows: (i) BW has an individual retirement account which owns 1,000 shares of PriceSmart Common Stock; (ii) BW has a SEP individual retirement account which owns 1,900 shares of Common Stock; and (iii) BW serves as a custodian under the Uniform Gift to Minors Act for two minor children, each of whom owns 500 shares of PriceSmart Common Stock. Item (c) None of the Members has effected any transactions in the PriceSmart Common Stock during the past sixty (60) days, other than those as set forth in Item 4 of this Amendment No. 1. Item 5(e) As of the close of business on September 16, 2003, Group has ceased to be the beneficial owner of more than five percent of the PriceSmart Common Stock. Item 7. Material to be Filed as Exhibits. Item 7 of the Statement is hereby amended and supplemented by adding the following: The Members have entered into a Joint Filing Agreement dated September 6, 2002 (the "Joint Filing Agreement"), a copy of which was previously filed as an exhibit to the Statement filed on September 6, 2002, pursuant to which the Members agreed to SCHEDULE 13D CUSIP NO. 741511 10 9 Page 8 of 9 file the Statement and any amendments thereto jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended. The Joint Filing Agreement is hereby incorporated by reference. SCHEDULE 13D CUSIP NO. 741511 10 9 Page 9 of 9 Signatures After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 18, 2003 PERFORMANCE CAPITAL, L.P. By: Performance Capital, LLC, General Partner By: /s/BRIAN WARNER ------------------------------------------ Brian Warner, Manager PERFORMANCE CAPITAL II, L.P. By: Performance Management, LLC, General Partner By: /s/BRIAN WARNER ------------------------------------------ Brian Warner, Manager /s/ BRIAN WARNER ------------------------------------------ Brian Warner /s/ BRETT FIALKOFF ------------------------------------------ Brett Fialkoff -----END PRIVACY-ENHANCED MESSAGE-----