-----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, E6klzdjBDZ9/yOwBDtQs5YZnVnaWMBfYCnjMz5iboNSJNcRnq1UpaoZlXkJjTvn1 cpMiYWJjecywZ+9irQviqQ== 0000950131-99-005397.txt : 19990921 0000950131-99-005397.hdr.sgml : 19990921 ACCESSION NUMBER: 0000950131-99-005397 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990920 GROUP MEMBERS: PPM AMERICA CBO II MANAGEMENT COMPANY GROUP MEMBERS: PPM AMERICA FUND MANAGEMENT GP, INC. GROUP MEMBERS: PPM AMERICA INC/IL GROUP MEMBERS: PPM AMERICA SPECIAL INVESTMENTS CBO, II L.P. GROUP MEMBERS: PPM AMERICA SPECIAL INVESTMENTS FUND, L.P. GROUP MEMBERS: PPM AMERICA, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ELDER BEERMAN STORES CORP CENTRAL INDEX KEY: 0000032020 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 310271980 STATE OF INCORPORATION: OH FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-53669 FILM NUMBER: 99714037 BUSINESS ADDRESS: STREET 1: 3155 ELBEE RD CITY: DAYTON STATE: OH ZIP: 45439 BUSINESS PHONE: 9372962700 MAIL ADDRESS: STREET 1: 3155 EL BEE ROAD CITY: DAYTON STATE: OH ZIP: 45439 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PPM AMERICA INC/IL CENTRAL INDEX KEY: 0000898417 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363714794 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 225 W WACKER DR STREET 2: STE 1200 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3126342500 MAIL ADDRESS: STREET 1: 225 W WACKER DR STREET 2: SUITE 1200 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. __________)* The Elder-Beerman Stores Corp. -------------------------------------------- (Name of Issuer) Common Stock, no par value -------------------------------------------- (Title of Class of Securities) 284470101 (CUSIP Number) Stuart J. Lissner Managing Director PPM America, Inc., 225 West Wacker Drive, Suite 1100A Chicago, Illinois 60606 (312) 634-2501 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 8, 1999 - ------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of (S)240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [X]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See (S)240.13d-7 for other parties to whom copies are to be sent. *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 ("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). SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 284470101 PAGE 2 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON PPM America Special Investments Fund, L.P. 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 36-4086849 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 00 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 1,216,545 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,216,545 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,216,545 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.82% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 284470101 PAGE 3 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON PPM America Fund Management GP. Inc. 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 00 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 1,216,545/1/ OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,216,545 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,216,545 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 7.82% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ____________________ /1/ All of the securities covered by this report are owned legally by PPM America Special Investments Fund, L.P., and none are owned directly or indirectly by PPM America Fund Management GP, Inc. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that PPM America Fund Management GP, Inc. is the beneficial owner of any of the securities covered by this statement. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 284470101 PAGE 4 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON PPM America Special Investments CBO II, L.P. 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0179401 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 00 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 735,624 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 735,624 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 735,624 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.73% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 284470101 PAGE 5 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON PPM America CBO II Management Company 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 00 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 735,624/2/ ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 735,624 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 735,624 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.73% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ______________ /2/ All of the securities covered by this report are owned legally by PPM America Special Investments CBO II L.P., and none are owned directly or indirectly by PPM America CBO II Management Company. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that PPM America CBO II Management Company is the beneficial owner of any of the securities covered by this statement. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 284470101 PAGE 6 OF 11 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON PPM America, Inc. 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 00 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 1,952,169/3/ ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,952,169 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,952,169 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 12.55% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IA - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ______________ /3/ All of the securities covered by this report are owned legally by PPM America, Inc.'s investment advisory clients, and none are owned directly or indirectly by PPM America, Inc. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that PPM America, Inc. is the beneficial owner of any of the securities covered by this statement. Item 1. Security and Issuer This Schedule 13D relates to the Common Stock, no par value (the "Securities"), of The Elder-Beerman Stores Corp. ("EBSC"). The address of the principal executive offices of EBSC is 3155 El-Bee Road, Dayton, Ohio 45439. Item 2. Identity and Background (1) PPM America Special Investments Fund, L.P. ("SIF I") (2) PPM America Fund Management GP, Inc. ("SIF I GP") (3) PPM America Special Investments CBO II, L.P. ("CBO II") (4) PPM America CBO II Management Company ("CBO II GP") (5) PPM America, Inc. ("PPM America") Collectively referred to hereinafter as "PPM." Each of SIF I, SIF I GP, CBO II, CBO II GP and PPM America is organized under the laws of the State of Delaware. SIF I and CBO II are investment funds. SIF I GP and CBO II GP serve as the general partner of SIF I and CBO II, respectively. The principal business of PPM America is performing investment advisory services for its clients. The address for SIF I, SIF I GP, CBO II, CBO II GP and PPM America is: 225 West Wacker Drive Suite 1100A Chicago, Illinois 60606 No disclosure under Item 2(d) or 2(e) is required with respect to PPM. Schedule I contains certain information concerning the parent companies of PPM America. Item 3. Source and Amount of Funds or Other Consideration The source of funds for PPM's purchases of EBSC shares was funds invested with PPM by PPM's clients. The aggregate purchase price for 1,374,600 EBSC shares was $10,954,988; the remaining 577,569 EBSC shares were distributed to PPM by EBSC in partial satisfaction of PPM's claims against EBSC in EBSC's federal bankruptcy reorganization proceeding. Item 4. Purpose of Transaction PPM holds the shares of EBSC for investment purposes. While PPM is currently supportive of EBSC's senior management, PPM has requested that the Board of Directors of EBSC strongly consider taking certain actions in order to improve EBSC's corporate governance structure. These actions include the addition of two shareholder nominees to the Board of Directors, the amendment of EBSC's Articles of Incorporation and Code of Regulations to eliminate "super- majority" voting requirements, and the separation of the role of the Chairman of the Board from the role of the Chief Executive Officer. PPM has communicated, and may continue to communicate, with EBSC's senior management, Board of Directors and other stockholders regarding these issues. PPM will periodically review its investment and may, from time to time, determine to buy shares of EBSC (subject to Rule 13d-1(e)) or sell shares of EBSC in the open market, in privately negotiated transactions or otherwise. Item 5. Interest in Securities of the Issuer (a)
---------------------------------- NUMBER OF ENTITY SHARES % OF CLASS ---------------------------------- SIF I 1,216,545 7.82% ---------------------------------- SIF I GP 1,216,545 7.82% ---------------------------------- CBO II 735,624 4.73% ---------------------------------- CBO II GP 735,624 4.73% ---------------------------------- PPM 1,952,169 12.55% ----------------------------------
Page 7 of 11 (b)
----------------------------------------------------------- SOLE SHARED SOLE SHARED VOTING VOTING DISPOSITIVE DISPOSITIVE ENTITY POWER POWER POWER POWER ----------------------------------------------------------- SIF I 0 1,216,545 0 1,216,545 ----------------------------------------------------------- SIF I GP 0 1,216,545 0 1,216,545 ----------------------------------------------------------- CBO II 0 735,624 0 735,624 ----------------------------------------------------------- CBO II GP 0 735,624 0 735,624 ----------------------------------------------------------- PPM 0 1,952,169 0 1,952,169 -----------------------------------------------------------
(c) Schedule II to this Schedule 13D contains a list of transactions by PPM in shares of EBSC during the past 60 days. (d) N/A (e) N/A Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. PPM is not a party to any contract, arrangement, understanding or relationship with any other entity or individual with respect to the Securities. Item 7. Material to Be Filed as Exhibits N/A Page 8 of 11 SIGNATURE 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: September 20, 1999 PPM AMERICA SPECIAL INVESTMENTS PPM AMERICA SPECIAL INVESTMENTS FUND, L.P. CBO II, L.P. By: PPM America, Inc. PPM America, Inc. As Attorney-in-Fact As Attorney-in-Fact By:/s/ Stuart Lissner By:/s/ Stuart Lissner -------------------------- -------------------------- Stuart Lissner Stuart Lissner Managing Director Managing Director PPM AMERICA FUND MANAGEMENT PPM AMERICA, INC. GP, INC. By:/s/ Stuart Lissner By:/s/ Stuart Lissner -------------------------- --------------------------- Stuart Lissner Stuart Lissner Managing Director Managing Director PPM AMERICA CBO II MANAGEMENT COMPANY By: PPM MGP (Bermuda), Ltd. Its Managing General Partner By:/s/ Stuart Lissner -------------------------- Stuart Lissner Vice President The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be riled with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) Page 9 of 11 SCHEDULE I CERTAIN INFORMATION CONCERNING THE PARENT COMPANIES OF PPM PPM America's sole stockholder is PPM Holdings, Inc., a Delaware corporation ("Holdings"). The address of the principal executive offices of Holdings is 225 West Wacker Drive, Suite 1200, Chicago, IL 60606. Holding's directors and officers are as follows: Directors: Officers: Russell W. Swansen Russell W. Swansen (President) F. John Stark, III F. John Stark, III (Secretary) Mark B. Mandich Mark B. Mandich (Treasurer) To the knowledge of PPM, no disclosure under Item 2(d) or 2(e) is required with respect to Holdings. Holding's sole stockholder is Prudential Portfolio Managers, Ltd., a UK limited company ("Portfolio"). The address of the principal executive offices of Portfolio is 142 Holborn Bars, London EC1N 2NH. Portfolio's directors and (officers) are as follows: D. A. Higgs (Chairman) A. P. Rutherford (Secretary) R. P. Baker-Bates J. C. Betteridge M. J. Denham R. J. Dennis J. C. Gell P. N. C. Johns H. M. Jones M. R. Moore J. W. Morgan N. C. W. Mustoe R. W. Swansen N. H. C. Thompson Wong Sai Hung To the knowledge of PPM, no disclosure under Item 2(d) or 2(e) is required with respect to Portfolio. Prudential Corporation plc, a UK public limited company ("Prudential"), is the sole shareholder of Portfolio and the ultimate parent of PPM. The address of the principal executive offices of Prudential is Laurence Pountney Hill, London EC4R OEU. Prudential's directors and (officers) are as follows: Sir Martin Jacomb (Chairman) M. D. Abrahams (Deputy Chairman) Sir Peter Davis (Chief Executive) J. W. Bloomer (Chief Executive Designate) P. M. Maynard (Secretary) Sir David Barnes K. L. Bedell-Pearce J. A. Burdus L. G. Cullen D. A. Higgs B. A. Macaskill R. O. Rowley A. D. Stewart M. E. Tucker To the knowledge of PPM, no disclosure under Item 2(d) or 2(e) is required with respect to Prudential. Page 10 of 11 SCHEDULE II TRANSACTIONS IN THE SECURITIES DURING THE PAST 60 DAYS
- ------------------------------------------------------------------ # OF SECURITIES PURCHASE PRICE PURCHASER DATE PURCHASED PER SHARE DESCRIPTION - ------------------------------------------------------------------ SIF I 7-15-99 29,561 $ 7.125 Note 1 - ------------------------------------------------------------------ SIF I 7-30-99 17,847 $ 6.25 Note 1 - ------------------------------------------------------------------ SIF I 8-13-99 3,555 $ 5.75 Note 2 - ------------------------------------------------------------------ SIF I 8-30-99 1,340 $7.1875 Note 2 - ------------------------------------------------------------------ CBO II 7-15-99 34,439 $ 7.125 Note 1 - ------------------------------------------------------------------ CBO II 7-30-99 20,453 $ 6.250 Note 1 - ------------------------------------------------------------------
Note 1: Securities were purchased on the open market. Note 2: Securities were distributed to SIF I in partial satisfaction of PPM's claims against EBSC in EBSC's federal bankruptcy reorganization proceeding. The purchase price per share represents the market value of the Security as of the date of distribution to PPM. Page 11 of 11 -----END PRIVACY-ENHANCED MESSAGE-----