FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
OVERHILL FARMS INC [ OFI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/23/2005 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) 12/23/2005 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 12/23/2005 | X(2) | 100 | A | (3) | 0 | D(1) | |||
Common Stock | 12/23/2005 | J(4) | 1 | D | $2.6 | 0 | D(1) | |||
Common Stock | 12/23/2005 | X(5) | 100 | A | (3) | 0 | D(1) | |||
Common Stock | 12/23/2005 | J(6) | 1 | D | $2.6 | 0 | D(1) | |||
Common Stock | 12/23/2005 | C(7) | 283,076 | A | $0 | 5,771,661 | D(1) | |||
Common Stock | 12/23/2005 | S | 5,771,661 | D | $2.6 | 0 | D(1) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrant LL-3 (right to purchase) | (3) | 12/23/2005 | X | 100 | 12/14/2002 | 10/21/2009 | Common Stock | 100 | $0 | 0 | D(1) | ||||
Warrant LL-4 (right to purchase) | (3) | 12/23/2005 | X | 100 | 12/14/2002 | 09/11/2012 | Common Stock | 100 | $0 | 0 | D(1) | ||||
Series A Convertible Preferred Stock | (8) | 12/23/2005 | C | 23.57 | (9) | (9) | Common Stock | 283,076 | $0 | 0 | D(1) |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. - This Form 4 is being filed by more than one reporting person. Levine Leichtman Capital Partners II, L.P. (the "Partnership") is the direct beneficial owner of the securities described above. LLCP California Equity Partners II, L.P. (the "General Partner") is the sole general partner of the Partnership. Levine Leichtman Capital Partners, Inc. ("Capital Corp.") is the sole general partner of the General Partner. Arthur E. Levine is a director and shareholder of, and the President of, Capital Corp. Lauren B. Leichtman is a director and shareholder of, and the Chief Executive Officer of, Capital Corp. Each of the General Partner, Capital Corp., Mr. Levine and Ms. Leichtman may be deemed to be an indirect beneficial owner of the equity securities reported herein and disclaims beneficial ownership of such equity securities except to the extent of his, her or its indirect pecuniary interest therein. |
2. - Shares of Common Stock issued upon the exercise of Warrant LL-3. |
3. - On the date of the transactions reported on this Form 4, the adjusted exercise price per share of Common Stock issuable upon exercise of Warrant LL-3 and Warrant LL-4 was $0.0000008 per share. |
4. - Payment of exercise price incident to "cashless exercise" of Warrant LL-3. |
5. - Shares of Common Stock issued upon the exercise of Warrant LL-4. |
6. - Payment of exercise price incident to "cashless exercise" of Warrant LL-4. |
7. - Shares of Common Stock issued upon conversion of Series A Convertible Preferred Stock. |
8. - Each share of Series A Convertible Preferred Stock was convertible into 12,010 shares of Common Stock. |
9. - The Series A Convertible Preferred Stock was convertible at any time with no expiration date. |
/s/ Arthur E. Levine, President, on behalf of Levine Leichtman Capital Partners, Inc., the sole general partner of LLCP California Equity Partners II, L.P., the sole general partner of Levine Leichtman Capital Partners II, L.P. | 12/23/2005 | |
/s/ Arthur E. Levine, President, on behalf of Levine Leichtman Capital Partners, Inc., the sole general partner of LLCP California Equity Partners II, L.P. | 12/23/2005 | |
/s/ Arthur E. Levine, President, on behalf of Levine Leichtman Capital Partners, Inc. | 12/23/2005 | |
/s/ Arthur E. Levine | 12/23/2005 | |
/s/ Lauren B. Leichtman | 12/23/2005 | |
** Signature of Reporting Person | Date | |
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 4 (b)(v). | ||
** 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 is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |