-----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, Amh09M2Z3KqIVW+458KJEqhopZkzIqqEZSsa3SDp9EReNT4IXX1FK1UkWQgzP1Bz bhaI+bFdV5mwLtUWiJ0OaA== 0001104659-05-007552.txt : 20050218 0001104659-05-007552.hdr.sgml : 20050218 20050218192518 ACCESSION NUMBER: 0001104659-05-007552 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20050218 DATE AS OF CHANGE: 20050218 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CRITICAL PATH INC CENTRAL INDEX KEY: 0001060801 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 911788300 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 320 FIRST STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4158088800 MAIL ADDRESS: STREET 1: 320 FIRST STREET CITY: SAN FRNACISCO STATE: CA ZIP: 94105 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Strategic Global Asset Management PCC LTD CENTRAL INDEX KEY: 0001318366 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25331 FILM NUMBER: 05628986 BUSINESS ADDRESS: STREET 1: 80 ROBINSON ROAD 27TH FLOOR CITY: SINGAPORE STATE: U0 ZIP: 068898 BUSINESS PHONE: 44 1481 704241 MAIL ADDRESS: STREET 1: 80 ROBINSON ROAD 27TH FLOOR CITY: SINGAPORE STATE: U0 ZIP: 068898 3 1 a3.xml 3 X0202 3 2004-09-30 0 0001060801 CRITICAL PATH INC CPTH 0001318366 Strategic Global Asset Management PCC LTD 80 ROBINSON ROAD 27TH FLOOR SINGAPORE 068898 0 0 1 0 Series E Convertible Preferred Stock 1.50 2004-09-30 2008-07-09 Common Stock 6677531 I See Footnote If at any date after July 9, 2007 the average closing price per share of common stock for any 60 consecutive trading days is not less than 400% of the Series E Accreted Value (described in note (2), below) then the issuer has the option to redeem within 40 days all outstanding Series E Cumulative Redeemable Convertible Participating Preferred Stock (the "Series E Preferred") for cash at a price per share equal to the Series E Accreted Value plus all dividends accrued since the previous semi-annual compounding date. On July 9, 2008, all shares of Series E Preferred must automatically be redeemed for cash at a price per share equal to the Series E Accreted Value plus all dividends accrued since the previous semi-annual compounding date. This Form 3 is filed with respect to 6,500,000 shares of Series E Preferred purchased by Ace Paragon Holdings Limited from Great Affluent Limited on September 30, 2004. The shares of Series E Preferred are convertible into the number of common stock of the issuer equal to the product of the number of shares of Series E Preferred being converted multiplied by the quotient of (i) the Series E Accreted Value divided by (ii) $1.50 (subject to anti-dilution adjustments). Series E Accreted Value means, with respect to each share of Series E Preferred, the sum of $1.50 plus all dividends that have accrued and compounded semi-annually. As of December 31, 2004, the most recent semi-annual dividend compounding date, the 6,500,000 shares of Series E Preferred were convertible into 6,677,531 shares of common stock. Strategic Global Asset Management PCC Limited holds 100% of the outstanding share capital of Ace Paragon Holdings Limited, and for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, may be deemed to beneficially own the shares of Series E Preferred held by Ace Paragon Holdings Limited. /s/ John Charlton Loveless, Director 2005-02-15 -----END PRIVACY-ENHANCED MESSAGE-----