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.
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(Name of issuer)
COMMON STOCK
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(Title of class of securities)
191042100
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(CUSIP number)
TIMOTHY J. STABOSZ, 1307 MONROE STREET, LAPORTE, IN 46350 (219) 324-5087
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(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
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1. Name of Reporting Person
TIMOTHY JOHN STABOSZ
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2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_]
NOT APPLICABLE (b) [_]
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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) [_]
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6. Citizenship or Place of Organization UNITED STATES
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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
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11. Aggregate Amount Beneficially Owned 174,820
by each Reporting Person
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes [_]
Certain Shares
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13. Percent of Class Represented by Amount in Row (11) 2.7%
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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