0001012975-01-500115.txt : 20011128 0001012975-01-500115.hdr.sgml : 20011128 ACCESSION NUMBER: 0001012975-01-500115 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011107 FILED AS OF DATE: 20011107 COMPANY DATA: COMPANY CONFORMED NAME: MENDELSOHN LAWRENCE CENTRAL INDEX KEY: 0001033026 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: C/O WILSHIRE FINANCIAL SERVICES GROUP IN STREET 2: 1776 SW MADISON STREET CITY: PORTLAND STATE: OR ZIP: 97205 BUSINESS PHONE: 5032235600 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FOG CUTTER CAPITAL GROUP INC CENTRAL INDEX KEY: 0001048566 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 522081138 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23911 FILM NUMBER: 1777383 BUSINESS ADDRESS: STREET 1: 1631 SW COLUMBIA STREET CITY: PORTLAND STATE: OR ZIP: 97201 BUSINESS PHONE: 5037216500 MAIL ADDRESS: STREET 1: 1310 S W 17TH ST CITY: PORTLAND STATE: OR ZIP: 97201 FORMER COMPANY: FORMER CONFORMED NAME: WILSHIRE REAL ESTATE INVESTMENT TRUST INC DATE OF NAME CHANGE: 19971027 4 1 form-4.txt ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [_] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Mendelsohn, Lawrence A. -------------------------------------------------------------------------------- (Last) (First) (Middle) 1631 SW Columbia Street -------------------------------------------------------------------------------- (Street) Portland Oregon 97201 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol Fog Cutter Capital Group Inc. -------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Year October 2001 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) [X] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) President ------------------------- -------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [_] Form filed by More than One Reporting Person ================================================================================ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
4. 6. Securities Acquired (A) or 5. Owner- 3. Disposed of (D) Amount of ship Transaction (Instr. 3, 4 and 5) Securities Form: 7. 2. Code ------------------------------- Beneficially Direct Nature of 1. Transaction (Instr. 8) (A) Owned at End (D) or Indirect Title of Security Date ------------ or or Month Indirect Beneficial (Instr. 3) (Month/ (Instr. 3 (I) Ownership Day/Year) Code V Amount (D) Price and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 10/16/01 J 2,118,035 A See (1) 525,260 See (2) Below Below ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the Form is filed by more than one reporting person, see Instruction 5(b)(v). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number (Over) SEC 1474 (3-99) 1 of 2 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Stock Options $4.53 9/30/99 A A (3) Common 350,000 $4.53 350,000 D Stock ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1) On October 16, 2001, the Reporting Person entered into a Stock Option and Voting Agreement (the "Voting Agreement") with Andrew A. Wiederhorn, Tiffany Wiederhorn, Joyce Mendelsohn, MFLP, L.P. ("MFLP"), AIM Capital, LLC ("AIM"), RPM Capital, LLC ("RPM") and S&S Investors, LLC. As a result of the Voting Agreement, the Reporting Person may be deemed to be the beneficial owner of 2,118,035 shares of Common Stock held by Mr. Wiederhorn and his affiliates or to which Mr. Wiederhorn and his affiliates may be deemed to beneficially own as a result of agreements between Mr. Wiederhorn and his affiliates with third parties. The Reporting Person disclaims beneficial ownership of the 2,118,035 shares of Common Stock held by Mr. Wiederhorn and his affiliates or to which Mr. Wiederhorn and his affiliates may be deemed to beneficially own as a result of agreements between Mr. Wiederhorn and his affiliates with third parties. (2) Of the 525,260 shares of Common Stock reported in Item 5, 25,000 shares of Common Stock are held by the Reporting Person, 17,158 shares of Common Stock are held by Joyce Mendelsohn, 80,000 shares of Common Stock are held by MFLP, 150,801 shares of Common Stock are held by AIM and 252,301 shares of Common Stock are held by RPM. The Reporting Person disclaims beneficial ownership of the 17,158 shares of Common Stock held by Joyce Mendelsohn, the 150,801 shares of Common Stock held by AIM and the 252,301 shares of Common Stock held by RPM. The Reporting Person also disclaims beneficial ownership of the 80,000 shares of Common Stock held by MFLP, except to the extent of his pecuniary interest therein. (3) Vest 1/4 per year. /s/ Lawrence A. Mendelsohn 11/6/01 ============================================= ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number 2 of 2