-----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, U8lAkalq7F2FYEHwWZ2/4sPo5dQqNGqzeK8ghRGoPd7iKeHz9wB6C8mVrv3TVGkO VTvJrTqtYqepN4iNIf+k6A== 0001209191-08-065411.txt : 20081211 0001209191-08-065411.hdr.sgml : 20081211 20081211180517 ACCESSION NUMBER: 0001209191-08-065411 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070912 FILED AS OF DATE: 20081211 DATE AS OF CHANGE: 20081211 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE PROGRESSIVE RETURN FUND CENTRAL INDEX KEY: 0001399186 IRS NUMBER: 208998485 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: C/O BEAR STEARNS FUND MANAGEMENT STREET 2: 383 MADISON AVENUE, 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 212-272-3550 MAIL ADDRESS: STREET 1: C/O BEAR STEARNS FUND MANAGEMENT STREET 2: 383 MADISON AVENUE, 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10179 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OLIN RONALD G CENTRAL INDEX KEY: 0001109742 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 811-22066 FILM NUMBER: 081244445 BUSINESS ADDRESS: BUSINESS PHONE: 828-274-1863 MAIL ADDRESS: STREET 1: 24 BROWNTOWN RD CITY: ASHEVILLE STATE: NC ZIP: 28803 4 1 c78204_4x0.xml MAIN DOCUMENT DESCRIPTION X0303 4 2007-09-12 1 0001399186 CORNERSTONE PROGRESSIVE RETURN FUND CFP 0001109742 OLIN RONALD G 24 BROWNTOWN ROAD ASHEVILLE NC 28803 0 0 1 0 Common Shares of Beneficial Interest 2007-09-12 4 S 0 2900 16.3264 D 6905900 I See Footnote Common Shares of Beneficial Interest 2007-09-13 4 S 0 4000 16.4470 D 6901900 I See Footnote Common Shares of Beneficial Interest 2007-09-14 4 S 0 2900 16.5722 D 6899000 I See Footnote Common Shares of Beneficial Interest 2007-09-18 4 S 0 2200 16.6804 D 6896800 I See Footnote Common Shares of Beneficial Interest 2007-09-19 4 S 0 2900 16.7764 D 6893900 I See Footnote Common Shares of Beneficial Interest 2007-09-20 4 S 0 1600 16.8500 D 6892300 I See Footnote Common Shares of Beneficial Interest 2007-09-21 4 S 0 2200 16.9285 D 6890100 I See Footnote Common Shares of Beneficial Interest 2007-09-24 4 S 0 900 17.0200 D 6889200 I See Footnote Common Shares of Beneficial Interest 2007-09-25 4 S 0 900 17.0700 D 6888300 I See Footnote Common Shares of Beneficial Interest 2007-09-27 4 S 0 3500 17.1984 D 6884800 I See Footnote Common Shares of Beneficial Interest 2007-09-28 4 S 0 5300 17.4903 D 6879500 I See Footnote Common Shares of Beneficial Interest 2007-10-01 4 S 0 2500 17.7281 D 6877000 I See Footnote Common Shares of Beneficial Interest 2007-10-03 4 S 0 2400 17.8813 D 6874600 I See Footnote Common Shares of Beneficial Interest 2007-10-04 4 S 0 1700 18.0710 D 6872900 I See Footnote Common Shares of Beneficial Interest 2007-10-05 4 S 0 4700 18.2242 D 6868200 I See Footnote Common Shares of Beneficial Interest 2007-10-08 4 S 0 6800 18.7869 D 6861400 I See Footnote Common Shares of Beneficial Interest 2007-10-09 4 S 0 900 19.2300 D 6860500 I See Footnote Common Shares of Beneficial Interest 2007-10-12 4 S 0 400 19.2900 D 6860100 I See Footnote Common Shares of Beneficial Interest 2007-10-15 4 S 0 5700 19.4017 D 6854400 I See Footnote Common Shares of Beneficial Interest 2007-10-16 4 S 0 3600 19.5413 D 6850800 I See Footnote Common Shares of Beneficial Interest 146800 D Common Shares of Beneficial Interest 4100 I By 401(k) Plan Common Shares of Beneficial Interest 300 I By wife Common Shares of Beneficial Interest 770800 I See Footnote Represents shares (the "Client Shares") held in brokerage accounts of, and owned by, clients of Doliver Capital Advisors, LP, a registered investment adviser ("Doliver"), as to which Doliver provides investment advisory services pursuant to a performance-related fee arrangement. The Reporting Person is a portfolio manager of Doliver. As such, the Reporting Person may be deemed to have an indirect pecuniary interest in the Client Shares as a result of a performance-related fee arrangement between Doliver and its clients. The filing of this Form 4 is not, and shall not be construed as, an admission that the Reporting Person has an indirect pecuniary interest in the Client Shares. The Reporting Person disclaims beneficial ownership in the Client Shares except to the extent of his actual indirect pecuniary interest therein, if any. Represents shares owned by Olin Family Limited Partnership. The Reporting Person disclaims beneficial ownership in the shares owned by Olin Family Limited Partnership except to the extent of his pecuniary interest in the partnership. On October 22, 2007, the Issuer issued additional shares upon the exercise of the underwriter's option to purchase additional shares in the Issuer's initial public offering. The Reporting Person did not purchase any of such shares. As a result of such transaction, the Issuer's total outstanding shares increased thereby causing the Reporting Person's beneficial ownership of shares to fall below 10%. Accordingly, the Reporting Person has not been a 10% owner since October 22, 2007, and has not been subject to Section 16 since that date. /s/ Ronald G. Olin 2008-12-11 -----END PRIVACY-ENHANCED MESSAGE-----