-----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, TH/ZsE8TXEmomWsUs7OYc78BGW8O2YJEbtQGooIioQYgUWF2t8YyVwSLb7SRx/Tg Ma9y9o9Hs9kefHWpXKTLtw== 0001169232-06-000794.txt : 20060214 0001169232-06-000794.hdr.sgml : 20060214 20060214153414 ACCESSION NUMBER: 0001169232-06-000794 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 GROUP MEMBERS: JOHN BURBANK GROUP MEMBERS: PASSPORT CAPITAL, LLC GROUP MEMBERS: PASSPORT HOLDINGS, LLC GROUP MEMBERS: PASSPORT MASTER FUND II, LP GROUP MEMBERS: PASSPORT MASTER FUND, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COOLBRANDS INTERNATIONAL INC CENTRAL INDEX KEY: 0001005531 STANDARD INDUSTRIAL CLASSIFICATION: ICE CREAM & FROZEN DESSERTS [2024] IRS NUMBER: 000000000 STATE OF INCORPORATION: A5 FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53835 FILM NUMBER: 06614230 BUSINESS ADDRESS: STREET 1: 8300 WOODBINE AVE 5TH FL STREET 2: MARKHAM ONTARIO CITY: CANADA L3R 9Y7 STATE: A6 BUSINESS PHONE: 5167379700 MAIL ADDRESS: STREET 1: 8300 WOODBINE AVENUE STREET 2: MARKHAM ONTARIO CITY: CANADA L3R 9Y7 STATE: A6 ZIP: L3R 9Y7 FORMER COMPANY: FORMER CONFORMED NAME: YOGEN FRUZ WORLD WIDE INC DATE OF NAME CHANGE: 19960103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PASSPORT MANAGEMENT LLC CENTRAL INDEX KEY: 0001228958 IRS NUMBER: 412076095 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 402 JACKSON STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: (415) 321-4607 MAIL ADDRESS: STREET 1: 402 JACKSON STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER COMPANY: FORMER CONFORMED NAME: PASSPORT HOLDINGS LLC DATE OF NAME CHANGE: 20030424 SC 13G/A 1 d66868_sc13ga.txt AMENDMENT TO SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 1) Coolbrands International Inc. (Name of Issuer) Common Shares (Title of Class of Securities) 21639P208 (CUSIP Number) December 31, 2005 (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 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). CUSIP No. 21639P208 2 - -------------------------------------------------------------------------------- 1. Name of Reporting Person: Passport Master Fund, LP - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: British Virgin Islands - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: -0- shares ----------------------------------------------------------------- beneficially 6. Shared Voting Power: 0 (see Item 4) owned by ----------------------------------------------------------------- each 7. Sole Dispositive Power: -0- reporting ----------------------------------------------------------------- person 8. Shared Dispositive Power: 0 (see Item 4) with: - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 0 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0%* - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- - --------- * This percentage is based on the 49,891,068 Shares issued and outstanding (the number of Shares reported in the Company's form 40-F filed on January 18, 2005). CUSIP No. 21639P208 3 - -------------------------------------------------------------------------------- 1. Name of Reporting Person: Passport Master Fund II, LP - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: British Virgin Islands - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: -0- shares ----------------------------------------------------------------- beneficially 6. Shared Voting Power: 0 (see Item 4) owned by ----------------------------------------------------------------- each 7. Sole Dispositive Power: -0- reporting ----------------------------------------------------------------- person 8. Shared Dispositive Power: 0 (see Item 4) with: - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 0 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0%* - -------------------------------------------------------------------------------- 12. Type of Reporting Person: PN - -------------------------------------------------------------------------------- - ---------- * This percentage is based on the 49,891,068 Shares issued and outstanding (the number of Shares reported in the Company's form 40-F filed on January 18, 2005). CUSIP No. 21639P208 4 - -------------------------------------------------------------------------------- 1. Name of Reporting Person: Passport Holdings, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: British Virgin Islands - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: -0- shares ----------------------------------------------------------------- beneficially 6. Shared Voting Power: 0 (see Item 4) owned by ----------------------------------------------------------------- each 7. Sole Dispositive Power: -0- reporting ----------------------------------------------------------------- person 8. Shared Dispositive Power: 0 (see Item 4) with: - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 0 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0% * - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- - ---------- * This percentage is based on the 49,891,068 Shares issued and outstanding (the number of Shares reported in the Company's form 40-F filed on January 18, 2005). CUSIP No. 21639P208 5 - -------------------------------------------------------------------------------- 1. Name of Reporting Person: Passport Management, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: -0- shares ----------------------------------------------------------------- beneficially 6. Shared Voting Power: 0 (see Item 4) owned by ----------------------------------------------------------------- each 7. Sole Dispositive Power: -0- reporting ----------------------------------------------------------------- person 8. Shared Dispositive Power: 0 (see Item 4) with: - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 0 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0%* - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- - ---------- * This percentage is based on the 49,891,068 Shares issued and outstanding (the number of Shares reported in the Company's form 40-F filed on January 18, 2005). CUSIP No. 21639P208 6 - -------------------------------------------------------------------------------- 1. Name of Reporting Person: Passport Capital, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: California - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: -0- shares ----------------------------------------------------------------- beneficially 6. Shared Voting Power: 0 (see Item 4) owned by ----------------------------------------------------------------- each 7. Sole Dispositive Power: -0- reporting ----------------------------------------------------------------- person 8. Shared Dispositive Power: 0 (see Item 4) with: - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 0 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0%* - -------------------------------------------------------------------------------- 12. Type of Reporting Person: OO - -------------------------------------------------------------------------------- - ---------- * This percentage is based on the 49,891,068 Shares issued and outstanding (the number of Shares reported in the Company's form 40-F filed on January 18, 2005). CUSIP No. 21639P208 7 - -------------------------------------------------------------------------------- 1. Name of Reporting Person: John Burbank - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group: (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power: -0- shares ----------------------------------------------------------------- beneficially 6. Shared Voting Power: 0 (see Item 4) owned by ----------------------------------------------------------------- each 7. Sole Dispositive Power: -0- reporting ----------------------------------------------------------------- person 8. Shared Dispositive Power: 0 (see Item 4) with: - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 0 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 0%* - -------------------------------------------------------------------------------- 12. Type of Reporting Person: IN - -------------------------------------------------------------------------------- - ---------- * This percentage is based on the 49,891,068 Shares issued and outstanding (the number of Shares reported in the Company's form 40-F filed on January 18, 2005). 8 Item 1(a). Name of Issuer: Coolbrands International Inc. (the "Company"). Item 1(b). Address of Issuer's Principal Executive Offices: 8300 WOODBINE AVE 5TH FL MARKHAM ONTARIO CANADA L3R 9Y7 A6 Item 2(a). Name of Persons Filing: Passport Master Fund, LP ("Fund I"); Passport Master Fund II, LP ("Fund II"); Passport Management, LLC ("Passport Management"); Passport Holdings, LLC ("Passport Holdings") Passport Capital, LLC ("Passport Capital"); and John Burbank ("Burbank," together with Fund I, Fund II, Passport Management, Passport Holdings and Passport Capital, the "Reporting Persons"). Burbank is the sole managing member of Passport Capital; Passport Capital is the sole managing member of Passport Holdings and Passport Management. Passport Holdings is the General Partner Fund I and Fund II. Passport Management is the investment manager to Fund I and Fund II. As a result, each of Passport Management, Passport Holdings, Passport Capital and Burbank may be considered to share the power to vote or direct the vote of, and the power to dispose or direct the disposition of, the Shares owned of record by Fund I and Fund II. This statement on Schedule 13G shall not be construed as an admission that any of the Reporting Persons (other than Fund I and Fund II) is the beneficial owner of the securities covered by this statement. Item 2(b). Address of Principal Business Office: For each Reporting Person: PASSPORT CAPITAL, LLC 402 JACKSON STREET SAN FRANCISCO, CA 94111 Item 2(c). Citizenship: See row 4 of each Reporting Persons' respective cover page. Item 2(d). Title of Class of Securities: Common Shares of the Company (the "Common Shares") Item 2(e). CUSIP Number: 21639P208 9 Item 3. Not applicable. Item 4. Ownership. (a) Amount beneficially owned: See Item 9 of each Reporting Persons' respective cover page. (b) Percent of class: See Item 11 of each Reporting Persons' respective cover page. (c) Number of shares for which each Reporting Person has sole or shared voting on disposition: See Items 5-8 of each Reporting Persons' respective cover page. 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 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 a 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. 10 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: February 13, 2006 ----------------- PASSPORT MASTER FUND, LP By: PASSPORT HOLDINGS, LLC as General Partner By: PASSPORT CAPITAL, LLC, as Managing Member By: /s/ JOHN BURBANK ------------------------ John Burbank Managing Member PASSPORT MASTER FUND II, LP By: PASSPORT HOLDINGS, LLC as General Partner By: PASSPORT CAPITAL, LLC, as Managing Member By: /s/ JOHN BURBANK ------------------------ John Burbank, Managing Member PASSPORT HOLDINGS, LLC By: PASSPORT CAPITAL, LLC, as Managing Member By: /s/ JOHN BURBANK ------------------------ John Burbank, Managing Member 11 PASSPORT MANAGEMENT, LLC By: PASSPORT CAPITAL, LLC, as Managing Member By: /s/ JOHN BURBANK ------------------------ John Burbank, Managing Member PASSPORT CAPITAL, LLC By: /s/ JOHN BURBANK ------------------------ John Burbank, Managing Member /s/ JOHN BURBANK ------------------------ John Burbank EX-1 2 d66868_ex-1.txt JOINT FILING AGREEMENT 12 Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them the statement on Schedule 13G to which this agreement is attached as an exhibit. The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided, however, that no party is responsible for the completeness or accuracy of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information is inaccurate. IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement on February 13, 2006. PASSPORT MASTER FUND, LP By: PASSPORT HOLDINGS, LLC as General Partner By: PASSPORT CAPITAL, LLC, as Managing Member By: /s/ JOHN BURBANK ------------------------ John Burbank Managing Member PASSPORT MASTER FUND II, LP By: PASSPORT HOLDINGS, LLC as General Partner By: PASSPORT CAPITAL, LLC, as Managing Member By: /s/ JOHN BURBANK ------------------------ John Burbank, Managing Member 13 PASSPORT HOLDINGS, LLC By: PASSPORT CAPITAL, LLC, as Managing Member By: /s/ JOHN BURBANK ------------------------ John Burbank, Managing Member PASSPORT MANAGEMENT, LLC By: PASSPORT CAPITAL, LLC, as Managing Member By: /s/ JOHN BURBANK ------------------------ John Burbank, Managing Member PASSPORT CAPITAL, LLC By: /s/ JOHN BURBANK ------------------------ John Burbank, Managing Member /s/ JOHN BURBANK ------------------------ John Burbank -----END PRIVACY-ENHANCED MESSAGE-----