FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/30/2010 |
3. Issuer Name and Ticker or Trading Symbol
Greektown Superholdings, Inc. [ NONE ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Series A-1 Common Stock | 12,876 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Warrants(1) | 06/30/2010 | 06/30/2020 | Series A-2 Participating Convertible Preferred Stock | 273,930 | $0.01 | D | |
Series A-1 Convertible Preferred Stock | 12/30/2010 | (2) | Series A-1 Common Stock | 94,999 | (3) | D | |
Series A-2 Participating Convertible Preferred Stock | 12/30/2010 | (2) | Series A-2 Common Stock | 121,676 | (4) | D |
Explanation of Responses: |
1. Warrants to Purchase Series A-2 Participating Convertible Preferred Stock |
2. These securities are preferred stock of the Issuer and do not have an expiration date. |
3. Subject to and in accordance with the terms of the Issuer's Certificate of Incorporation, each share of Series A-1 Convertible Preferred Stock may be converted into the lesser of (i) such number of fully paid and nonassessable shares of Series A-1 Common Stock as is determined by dividing (A) the sum of $100 per share of Series A Convertible Preferred Stock plus an amount equal to the aggregate amount of accrued but unpaid dividends per share of Series A Convertible Preferred Stock whether or not declared and subject to certain adjustments (the "Series A Reference Price") by (B) the Series A conversion price in effect at the time of conversion, and (ii) the maximum number of shares of Series A-1 Common Stock that can be issued to such holder in accordance with the Issuer's Certificate of Incorporation and in compliance with the requirements of the Michigan Gaming Control Board. |
4. Subject to and in accordance with the terms of the Issuer's Certificate of Incorporation, each share of Series A-2 Participating Convertible Preferred Stock may be converted into the lesser of (i) such number of fully paid and nonassessable shares of Series A-2 Common Stock as is determined by dividing the Series A Reference Price by the Series A conversion price in effect at the time of conversion and (ii) the maximum number of shares of Series A-2 Common Stock that can be issued to such holder in accordance with the Certificate of Incorporation and in compliance with the requirements of the Michigan Gaming Control Board. |
Brigade Leveraged Capital Structures Fund Ltd., By: /s/ Donald E. Morgan, III, Director | 07/09/2010 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |