-----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, Oq4mnfSa5Lv0qxwls56jRHPPm1SoI2BfF/D5TMYbis0H9Nmlc5NtC11XGJbwc/en VSI8N8iW4yvnE7y6Nq1nTg== 0000895345-09-000040.txt : 20090202 0000895345-09-000040.hdr.sgml : 20090202 20090202173050 ACCESSION NUMBER: 0000895345-09-000040 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090202 DATE AS OF CHANGE: 20090202 GROUP MEMBERS: PHILIP B. KORSANT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PALM INC CENTRAL INDEX KEY: 0001100389 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER TERMINALS [3575] IRS NUMBER: 943150688 STATE OF INCORPORATION: DE FISCAL YEAR END: 0602 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-61107 FILM NUMBER: 09562359 BUSINESS ADDRESS: STREET 1: 950 W. MAUDE AVENUE CITY: SUNNYVALE STATE: CA ZIP: 94085 BUSINESS PHONE: 4086177000 MAIL ADDRESS: STREET 1: 950 W. MAUDE AVENUE CITY: SUNNYVALE STATE: CA ZIP: 94085 FORMER COMPANY: FORMER CONFORMED NAME: PALMONE INC DATE OF NAME CHANGE: 20031029 FORMER COMPANY: FORMER CONFORMED NAME: PALM INC DATE OF NAME CHANGE: 19991203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PBK HOLDINGS INC CENTRAL INDEX KEY: 0001059932 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133791747 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 283 GREENWICH AVE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036227112 MAIL ADDRESS: STREET 1: 283 GREENWICH AVE CITY: GREENWICH STATE: CT ZIP: 06830 SC 13G 1 jf13g-palm_morton.htm jf13g-palm_morton.htm
 
 
 
 
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
SCHEDULE 13G

 
 
Under the Securities Exchange Act of 1934
 

Palm, Inc.
(Name of Issuer)
 
Common Stock, Par Value $.001 Per Share
(Title of Class of Securities)
 
696643105
(CUSIP Number)
 

January 21, 2009
(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)
 
ý 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 in 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. 696643105
13G
Page 2 of 8 Pages


1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
        Morton Holdings, Inc.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)                                                                                                      (a) o
                                                                                                           (b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
        Delaware
 
NUMBER OF
 
SHARES
5
SOLE VOTING POWER
 
    0
 
BENEFICIALLY
 
OWNED BY
6
SHARED VOTING POWER
 
    5,905,883
 
EACH
 
REPORTING
7
SOLE DISPOSITIVE POWER
 
    0
 
PERSON
 
WITH
8
SHARED DISPOSITIVE POWER
 
    5,905,883
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    5.3%
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)                                                                 o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
    5.3%
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
    CO
 
 
 
 
 
 
 
CUSIP No. 696643105
13G
Page 3 of 8 Pages

 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
        Philip B. Korsant
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)                                                                                                      (a) o
                                                                                                           (b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
        Delaware
 
NUMBER OF
 
SHARES
5
SOLE VOTING POWER
 
    0
 
BENEFICIALLY
 
OWNED BY
6
SHARED VOTING POWER
 
    5,905,883
 
EACH
 
REPORTING
7
SOLE DISPOSITIVE POWER
 
    0
 
PERSON
 
WITH
8
SHARED DISPOSITIVE POWER
 
    5,905,883
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    
    5,905,883
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)                                                                 o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
    5.3%
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
    IN
 
 
 
 
 
Item 1. (a)               Name of Issuer

Palm, Inc.

Item 1. (b)               Address of Issuer’s Principal Executive Offices

950 West Maude
Sunnyvale, CA 94085

Item 2.(a)                Name of Person Filing

This Schedule 13G is being filed on behalf of the following persons (the “Reporting Persons”)*:

(i)        Morton Holdings, Inc. (“MH”); and
(ii)       Philip B. Korsant; and

*Attached as Exhibit A is a copy of an agreement among the Reporting Persons that this Schedule 13G is being filed on behalf of each of them.

 
Item 2.(b)                Address of Principal Business Office or, if None, Residence

Morton Holdings, Inc.
283 Greenwich Avenue
Greenwich, CT  06830

Philip B. Korsant
283 Greenwich Avenue
Greenwich, CT  06830

Item 2.(c)                Citizenship

See Item 4 of the attached cover pages.

Item 2.(d)                Title of Class of Securities

Common stock, par value $.001 per share (the “Common Shares”)

Item 2.(e)                CUSIP Number

696643105

Item 3.

Not applicable as this Schedule 13G is filed pursuant to Rule 13d-1(c).

Item 4.                    Ownership
 
(a)
Amount beneficially owned:
 
See Item 9 of the attached cover pages.
 
(b)
Percent of class:
 
See Item 11 of the attached cover pages.
 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote:
 
See Item 5 of the attached cover pages.
     
 
(ii)
Shared power to vote or to direct the vote:
 
See Item 6 of the attached cover pages.
     
 
(iii)
Sole power to dispose or to direct the disposition:
 
See Item 7 of the attached cover pages.
     
 
(iv)
Shared power to dispose or to direct the disposition:
 
See Item 8 of the attached cover pages.
 
Partnerships of which MH is the general partner, are the owners of record of the Common Stock reported herein.  Each of MH and Philip B. Korsant may be deemed to beneficially own the Common Shares reported herein as a result of the direct or indirect power to vote or dispose of such stock.
 
Item 5.                  Ownership of Five Percent or Less of a Class

Not Applicable.

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 on 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 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.
 

 
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 2, 2009
 
 
MORTON HOLDINGS, INC.
 
 
 
By:
/s/ DAVID GRAY
 
Name:
/s/ David Gray
 
Title:
Vice President
 
 
 
/s/ PHILIP B. KORSANT  
  Philip B. Korsant
 
 
 
EXHIBIT A


The undersigned, Morton Holdings, Inc., a Delaware corporation, and Philip B. Korsant, hereby agree and acknowledge that the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of each of them.  The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.

Dated:  February 2, 2009
 
 
MORTON HOLDINGS, INC.
 
 
 
By:
/s/ DAVID GRAY
 
Name:
/s/ David Gray
 
Title:
Vice President
 
 
 
/s/ PHILIP B. KORSANT  
  Philip B. Korsant
 
 
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