-----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, FmhZZRssIpeRcwWhOalZo9j/VV4IPrcm4s9f6evDFiZVMzshO5EgHbiw+loUeXIv p//bslzDXou2mSZsgwjogw== 0001181431-06-027609.txt : 20060503 0001181431-06-027609.hdr.sgml : 20060503 20060503201616 ACCESSION NUMBER: 0001181431-06-027609 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060501 FILED AS OF DATE: 20060503 DATE AS OF CHANGE: 20060503 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 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: 06805701 BUSINESS ADDRESS: STREET 1: PRICE ENTITIES STREET 2: 7979 IVANHE AVENUE #520 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: 8585512318 4 1 rrd116317.xml PSMT FORM 4 - JACK MCGRORY X0202 4 2006-05-01 0 0001041803 PRICESMART INC PSMT 0001241721 MCGRORY JACK 7979 IVANHOE AVENUE SUITE 520 LA JOLLA CA 92037 1 0 0 0 Common Stock 2006-05-01 4 J 0 110087 9.26 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 The reporting person disclaims beneficial ownership of these securities for purposes of Sections 13 and 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). In the alternative, if the reporting person were to be deemed to beneficially own these securities for purposes of Section 13 of the Exchange Act, then the reporting person would disclaim beneficial ownership of these securities for purposes of Section 16 of the Exchange Act, 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. The reporting person is a member and manager of The Price Group, LLC, a California limited liaiblity company ("Price Group"). On May 1, 2006, the reporting person purchased an additional 1.49% membership interest in Price Group. Such purchase could be deemed to be an indirect acquisition by the reporting person of an additional 1.49% (or approximately 110,087 shares) of the 7,388,369 shares of PriceSmart, Inc. common stock ("PriceSmart Common Stock") presently held by Price Group. Price Group presently holds other assets besides PriceSmart Common Stock. The reporting person paid a single, unitary purchase price for such additional membership interest in Price Group and has not attempted to apportion such purchase price among the assets held by Price Group. As a result, the reporting person does not know the exact price at which he could be deemed to have acquired such 110,087 shares of PriceSmart Common Stock. For purposes of this Form 4, the reporting person has used $ 9.26, which is the closing price quoted by NASDAQ for PriceSmart Common Stock as of the close of trading on May 1, 2006, as an estimate of the price at which he could be deemed to have acquired such 110,087 shares of PriceSmart Common Stock. Such estimate is an estimate only and is not intended to be dispositive. /s/ Jack McGrory 2006-05-03 -----END PRIVACY-ENHANCED MESSAGE-----