-----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, QKVscBx5dSaJsrwGnvGzWweFq4zT4+kje6tz6qACSOmTHA4EkSE7lz6VOgBjXk2M saL5HzIPyK+DQKHuDM5BvA== 0001181431-06-009997.txt : 20060209 0001181431-06-009997.hdr.sgml : 20060209 20060209174419 ACCESSION NUMBER: 0001181431-06-009997 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060201 FILED AS OF DATE: 20060209 DATE AS OF CHANGE: 20060209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MCGRORY JACK CENTRAL INDEX KEY: 0001241721 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22793 FILM NUMBER: 06594503 BUSINESS ADDRESS: STREET 1: PRICE ENTITIES STREET 2: 7979 IVANHE AVENUE #520 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: 8585512318 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PRICESMART INC CENTRAL INDEX KEY: 0001041803 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 330628530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 BUSINESS ADDRESS: STREET 1: 9740 SCRANTON ROAD CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 8584048800 MAIL ADDRESS: STREET 1: 9740 SCRANTON ROAD CITY: SAN DIEGO STATE: CA ZIP: 92121 4 1 rrd107090.xml PSMT FORM 4 - JACK MCGRORY X0202 4 2006-02-01 0 0001041803 PRICESMART INC PSMT 0001241721 MCGRORY JACK 7979 IVANHOE AVENUE SUITE 520 LA JOLLA CA 92037 1 0 0 0 Common Stock 2006-02-01 4 X 0 300000 12.00 A 7388369 I As co-manager of The Price Group LLC Common Stock Option 35.63 2010-11-07 Common Stock 3000 3000 D Common Stock Option 32.13 2011-01-24 Common Stock 1000 1000 D Common Stock Option 35 2008-01-17 Common Stock 1000 1000 D Common Stock Option 18.29 2009-01-22 Common Stock 1000 1000 D Common Stock Option 6.24 2010-01-08 Common Stock 1000 1000 D Common Stock Option 7.63 2011-02-25 Common Stock 1000 1000 D Common Stock Options 8.18 2012-01-24 Common Stock 1000 1000 D Put Option (Obligation to Buy) 12.00 2004-09-20 4 S 0 300000 D 2005-11-30 2006-11-30 Common Stock 300000 300000 I As co-manager of The Price Group LLC Put Option (Obligation to Buy) 12.00 2006-02-01 4 X 0 300000 0 D 2005-11-30 2006-11-30 Common Stock 300000 0 I As co-manager of The Price Group LLC The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest (if any) therein. These options vest 25% annually beginning on the first anniversary (11/07/2001) of the date of grant (11/07/2000). These options vest 25% annually beginning on the first anniversary (01/24/2002) of the date of grant (01/24/2001). These options vest 25% annually beginning on the first anniversary (01/17/2003) of the date of grant (01/17/2002). These options vest 25% annually beginning on the first anniversary (01/22/2004) of the date of grant (01/22/2003). These options vest 20% annually beginning on the first anniversary (01/08/2005) of the date of grant (01/08/2004). 34% of these options vest on the first anniversary (02/25/2006) of the date of grant (02/25/2005). An additional 33% of these options vest on the second anniversary (02/25/2007) of the date of grant. The final 33% of these options vest on the third anniversary (02/25/2008) of the date of grant. These options vest 20% annually beginning on the first anniversary (01/24/2007) of the date of grant (01/24/2006). See General Remarks Section below. On September 20, 2004, in connection with a restructuring of International Finance Corporation's ("IFC") investments in PriceSmart, Inc. ("PriceSmart"), The Price Group LLC ("Price Group") and IFC executed a Put Option Agreement, dated as of September 20, 2004, which was amended and restated as of January 7, 2005 (the "Option Agreement"), pursuant to which Price Group granted to IFC the option (the "Put Option"), exercisable in whole or in part between November 30, 2005 and November 30, 2006, to require Price Group to purchase up to 300,000 shares of PriceSmart common stock from IFC at the price of $12 per share. On or around February 1, 2006, IFC delivered notice to Price Group, exercising the Put Option in its entirety. However, the settlement of such exercise will not occur until March 15, 2006, at which time, pursuant to the terms and conditions of the Put Option, IFC will transfer 300,000 shares of PriceSmart common stock to Price Group, and Price Group will transfer $3,600,000 to IFC. /s/ Jack McGrory 2006-02-09 -----END PRIVACY-ENHANCED MESSAGE-----