-----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, IJcb94Cptuu6SSgbyc8H4uJUEySp3xlmKmoCEWWN9F5EwKhanYDJbR7jfAAlXmX+ a91B9s6642wWFdmSy/AnwA== 0001193125-07-266630.txt : 20071218 0001193125-07-266630.hdr.sgml : 20071218 20071217180722 ACCESSION NUMBER: 0001193125-07-266630 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071218 DATE AS OF CHANGE: 20071217 GROUP MEMBERS: QVT FINANCIAL GP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST REGIONAL BANCORP CENTRAL INDEX KEY: 0000356708 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 953582843 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-34069 FILM NUMBER: 071311057 BUSINESS ADDRESS: STREET 1: 1801 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3105521776 MAIL ADDRESS: STREET 1: 1801 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN BANCORP DATE OF NAME CHANGE: 19880309 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: QVT Financial LP CENTRAL INDEX KEY: 0001290162 IRS NUMBER: 113694008 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1177 AVENUE OF THE AMERICAS STREET 2: 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-705-8800 MAIL ADDRESS: STREET 1: 1177 AVENUE OF THE AMERICAS STREET 2: 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

First Regional Bancorp

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

 

 

33615C101

                                (CUSIP Number)                                

December 13, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

*   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 the disclosures provided in a prior cover page.

The information required in 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).

 

Page 1 of 7

CUSIP No. 33615C101    

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

    
   

            QVT Financial LP

            11-3694008

    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions)  
  (a)  ¨  
    (b)  x    
  3.   SEC Use Only  
         
  4.   Citizenship or Place of Organization  
                Delaware    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

     5.    Sole Voting Power
 
                  0
    6.    Shared Voting Power
 
                  636,187
    7.    Sole Dispositive Power
 
                  0
    8.    Shared Dispositive Power
 
                  636,187
  9.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                636,187    
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ¨
         
11.   Percent of Class Represented by Amount in Row (9)  
                5.32%    
12.   Type of Reporting Person (See Instructions)  
                PN    

 

Page 2 of 7

CUSIP No. 33615C101    

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

    
   

            QVT Financial GP LLC

            11-3694007

    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions)  
  (a)  ¨  
    (b)  x    
  3.   SEC Use Only  
         
  4.   Citizenship or Place of Organization  
                Delaware    

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With:

     5.    Sole Voting Power
 
                  0
    6.    Shared Voting Power
 
                  636,187
    7.    Sole Dispositive Power
 
                  0
    8.    Shared Dispositive Power
 
                  636,187
  9.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                636,187    
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   ¨
         
11.   Percent of Class Represented by Amount in Row (9)  
                5.32%    
12.   Type of Reporting Person (See Instructions)  
                OO    

 

Page 3 of 7

Item 1  

(a).

    Name of Issuer      
     First Regional Bancorp (the “Issuer”)      
Item 1  

(b).

    Address of Issuer’s Principal Executive Offices      
    

The address of the Issuer’s principal executive offices is:

 

1801 Century Park East, Suite 800, Los Angeles, California 90067, United States

      
Item 2  

(a).

    Name of Person Filing      
Item 2  

(b).

    Address of Principal Business Office or, if none, Residence      
Item 2  

(c).

    Citizenship      
    

QVT Financial LP

1177 Avenue of the Americas, 9th Floor

New York, New York 10036

Delaware Limited Partnership

 

QVT Financial GP LLC

1177 Avenue of the Americas, 9th Floor

New York, New York 10036

Delaware Limited Liability Company

      
Item 2  

(d).

    Title of Class of Securities      
     Common stock, no par value (the “Common Stock”).      
Item 2  

(e).

    CUSIP Number      
     The CUSIP number of the Common Stock is 33615C101.      
Item 3.   If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:   
  (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
  (e)    ¨    An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
  (f)    ¨    An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
  (g)    ¨    A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
  (h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j)    ¨    Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

 

Page 4 of 7

Item 4.    Ownership.      
   (a)   

Amount beneficially owned:

 

QVT Financial LP (“QVT Financial”) is the investment manager for QVT Fund LP (the “Fund”), which beneficially owns 520,627 shares of Common Stock, and for Quintessence Fund L.P. (“Quintessence), which beneficially owns 56,235 shares of Common Stock. QVT Financial is also the investment manager for a separate discretionary account managed for Deutsche Bank AG (the “Separate Account”), which holds 59,325 shares of Common Stock. QVT Financial has the power to direct the vote and disposition of the Common Stock held by the Fund, Quintessence and the Separate Account. Accordingly, QVT Financial may be deemed to be the beneficial owner of an aggregate amount of 636,187 shares of Common Stock, consisting of the shares owned by the Fund and Quintessence and the shares held in the Separate Account.

 

QVT Financial GP LLC, as General Partner of QVT Financial, may be deemed to beneficially own the same number of shares of Common Stock reported by QVT Financial.

 

Each of QVT Financial and QVT Financial GP LLC disclaims beneficial ownership of the shares of Common Stock owned by the Fund and Quintessence and held in the Separate Account.

 

Each of QVT Financial and QVT Financial GP LLC acquired beneficial ownership of more than 5% of the class of equity securities as of December 13, 2007. The reported share amounts reflect amounts beneficially owned by the reporting persons as of that date, as adjusted for subsequent transactions through the date hereof.

 

The percentage disclosed in Item 11 of the Cover Pages for each reporting person is calculated based upon 11,954,004 shares of Common Stock outstanding, which is the total number of shares issued and outstanding reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007.

      
   (b)   

Percent of class:

 

See Item 11 of the Cover Pages to this Schedule 13G.

      
   (c)    Number of shares as to which the person has:      
      (i)   

Sole power to vote or to direct the vote

 

0

      
      (ii)   

Shared power to vote or to direct the vote

 

See item (a) above.

      
      (iii)   

Sole power to dispose or to direct the disposition of

 

0

      
      (iv)   

Shared power to dispose or to direct the disposition of

 

See item (a) above.

      
Item 5.   

Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following…..¨

   
Item 6.   

Ownership of More than Five Percent on Behalf of Another Person.

 

Not Applicable

      
Item 7.   

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

 

Not Applicable

Item 8.   

Identification and Classification of Members of the Group

 

Not Applicable

      
Item 9.   

Notice of Dissolution of Group

 

Not Applicable

      
Item 10.   

Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

      

 

Page 5 of 7

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.

Dated: December 14, 2007

 

QVT FINANCIAL LP

By QVT Financial GP LLC,

its General Partner

By:  

/s/ Daniel Gold

Name:   Daniel Gold
Title:   Managing Member
By:  

/s/ Lars Bader

Name:   Lars Bader
Title:   Managing Member
QVT FINANCIAL GP LLC
By:  

/s/ Daniel Gold

Name:   Daniel Gold
Title:   Managing Member
By:  

/s/ Lars Bader

Name:   Lars Bader
Title:   Managing Member

 

Page 6 of 7

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G signed by each of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

Dated: December 14, 2007

 

QVT FINANCIAL LP

By QVT Financial GP LLC,

its General Partner

By:  

/s/ Daniel Gold

Name:   Daniel Gold
Title:   Managing Member
By:  

/s/ Lars Bader

Name:   Lars Bader
Title:   Managing Member
QVT FINANCIAL GP LLC
By:  

/s/ Daniel Gold

Name:   Daniel Gold
Title:   Managing Member
By:  

/s/ Lars Bader

Name:   Lars Bader
Title:   Managing Member

 

Page 7 of 7

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