0001162893-12-000003.txt : 20120308 0001162893-12-000003.hdr.sgml : 20120308 20120308122450 ACCESSION NUMBER: 0001162893-12-000003 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120308 DATE AS OF CHANGE: 20120308 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STABOSZ TIMOTHY J CENTRAL INDEX KEY: 0001162893 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 1307 MONROE STREET CITY: LA PORTE STATE: IN ZIP: 46350 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COBRA ELECTRONICS CORP CENTRAL INDEX KEY: 0000030828 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 362479991 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-35721 FILM NUMBER: 12676495 BUSINESS ADDRESS: STREET 1: 6500 W CORTLAND ST CITY: CHICAGO STATE: IL ZIP: 60707 BUSINESS PHONE: 773-889-8870 MAIL ADDRESS: STREET 1: 6500 W CORTLAND ST CITY: CHICAGO STATE: IL ZIP: 60707 SC 13D/A 1 cobr13d6.txt SCHEDULE 13D AMENDMENT NUMBER 6 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (AMENDMENT NO. 6) Under the Securities Exchange Act of 1934 COBRA ELECTRONICS CORP. ------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK ------------------------------------------------------------------------------- (Title of class of securities) 191042100 -------------------------------------------------------- (CUSIP number) TIMOTHY J. STABOSZ, 1307 MONROE STREET, LAPORTE, IN 46350 (219) 324-5087 ------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) FEBRUARY 23, 2012 -------------------------------------------------------- (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [_] 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). CUSIP No. 191042100 -------------------------------------------------------------------------------- 1. Name of Reporting Person TIMOTHY JOHN STABOSZ -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] NOT APPLICABLE (b) [_] -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF -------------------------------------------------------------------------------- 5. Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization UNITED STATES -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 174,820 Shares ____________________________________________ Beneficially (8) Shared Voting Power 0 Owned by ____________________________________________ Each (9) Sole Dispositive Power 174,820 Reporting ____________________________________________ Person With (10) Shared Dispositive Power 0 -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned 174,820 by each Reporting Person -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes [_] Certain Shares -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 2.7% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN -------------------------------------------------------------------------------- ITEM 1. Security and Issuer Common stock of Cobra Electronics Corp., 6500 W. Cortland Street, Chicago, IL 60707. ITEM 2. Identity and Background The reporting person, Timothy J. Stabosz, 1307 Monroe Street, LaPorte, IN 46350, a natural person and United States citizen, is engaged as a private investor. He has not been convicted in a criminal proceeding (excluding traffic violations or other similar misdemeanors) in the last 5 years, and has not been a party to any proceedings, or subject to any judgements, enjoinments, decrees, et al, related to violations of state or federal securities laws, in his lifetime. ITEM 3. Source and Amount of Funds or Other Consideration Personal funds in the aggregate amount of $248,011.29 have been used to effect the purchases. No part of the purchase price represents borrowed funds. ITEM 4. Purpose of Transaction The reporting person has acquired the shares for investment purposes. The reporting person is filing this Amendment No. 6 to reflect a decrease in his ownership percentage of the company's common stock to 2.7%, from the 5.8% previously reported on Schedule 13D, Amendment No. 5, filed on February 2, 2012. On February 23, 2012, the reporting person's ownership percentage dropped below 5%. Therefore, this filing terminates the reporting person's filing requirements under Regulation 13D. ITEM 5. Interest in Securities of the Issuer As of the close of business on March 7, 2012, the reporting person has sole voting and dispositive power over 174,820 shares of Cobra Electronics Corp.'s common stock. The company's latest Form 10-Q filing, as of November 7, 2011, indicates there were 6,539,580 common shares outstanding. Accordingly, the reporting person is deemed to own 2.7% of the company's common stock. Transactions effected by the reporting person from February 3, 2012, through March 7, 2012, were performed in ordinary brokerage transactions, and are indicated as follows: 02/03/12 sold 3500 shares at $4.70 02/06/12 sold 2300 shares at $4.896 02/09/12 sold 2400 shares at $4.97 02/10/12 sold 2525 shares at $4.829 02/13/12 sold 5000 shares at $4.98 02/16/12 sold 1000 shares at $4.95 02/17/12 sold 8200 shares at $5.281 02/21/12 sold 1200 shares at $5.39 02/22/12 sold 10,041 shares at $5.385 02/23/12 sold 33,762 shares at $5.570 02/24/12 sold 114,590 shares at $4.714 02/24/12 sold 5000 shares at $0.00* 02/27/12 sold 7500 shares at $4.505 03/01/12 sold 5000 shares at $4.483 *These shares were contributed to a charitable trust, and sold for $4.44. ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Not Applicable ITEM 7. Material to be Filed as Exhibits Not Applicable 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. Date 03/08/12 Signature Timothy J. Stabosz Name/Title Timothy J. Stabosz, Private Investor