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
BALLY TOTAL FITNESS HOLDING CORP [ BFT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/30/2005 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
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, par value $0.01 per share | 12/30/2005 | P | 7,900 | A | $6.07 | 4,292,350 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 1,000 | A | $6.11 | 4,293,350 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 300 | A | $6.13 | 4,293,650 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 600 | A | $6.14 | 4,294,250 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 12,000 | A | $6.15 | 4,306,250 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 500 | A | $6.18 | 4,306,750 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 4,700 | A | $6.2 | 4,311,450 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 500 | A | $6.21 | 4,311,950 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 300 | A | $6.22 | 4,312,250 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 6,000 | A | $6.24 | 4,318,250 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 700 | A | $6.27 | 4,318,950 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 3,800 | A | $6.28 | 4,322,750 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 4,200 | A | $6.29 | 4,326,950 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 42,400 | A | $6.3 | 4,369,350 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 9,900 | A | $6.31 | 4,379,250 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 20,000 | A | $6.32 | 4,399,250 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 16,700 | A | $6.33 | 4,415,950 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 1,500 | A | $6.34 | 4,417,450 | I | See footnotes(1)(2) | ||
Common Stock, par value $0.01 per share | 12/30/2005 | P | 2,000 | A | $6.35 | 4,419,450 | I | See footnotes(1)(2) |
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 |
Explanation of Responses: |
1. This is a joint filing by Liberation Investments, L.P. ("LILP"), Liberation Investments Ltd. ("LILtd"), Liberation Investment Group, LLC ("LIGLLC") and Emanuel R. Pearlman (collectively, the "Reporting Persons"). LIGLLC is the designated filer. LILP directly owns 2,848,213 shares of common stock and LILtd directly owns 1,536,237 shares of common stock. LIGLLC, as the sole general partner of LILP and the sole investment advisor to LILtd, may be deemed to beneficially own 4,384,450 shares of common stock. Mr. Pearlman directly owns 35,000 shares of common stock and, as the General Manager, Chairman and Chief Executive Officer of LIGLLC, may be deemed to beneficially own 4,419,450 shares of common stock. (continued in footnote 2) |
2. (continued from footnote 1) The Reporting Persons are filing this joint Form 4 because they may be regarded as a group. However, each Reporting Person disclaims beneficial ownership of the shares owned by the other Reporting Persons and disclaims membership in a group, and this filing shall not constitute an acknowledgement that the Reporting Persons constitute a group. |
Remarks: |
(3) Mr. Pearlman is signing in his capacity as General Manager, Chairman and Chief Executive Officer of LIGLLC, the sole general partner of LILP. (4) Mr. Pearlman is signing in his capacity as General Manager, Chairman and Chief Executive Officer of LIGLLC, the sole investment advisor to LILtd. (5) Mr. Pearlman is signing in his capacity as General Manager, Chairman and Chief Executive Officer of LIGLLC. EXHIBIT LIST ------------------ Exhibit 99.1 - Joint Filer Information |
/s/ Emanuel R. Pearlman (3) | 01/03/2006 | |
/s/ Emanuel R. Pearlman (4) | 01/03/2006 | |
/s/ Emanuel R. Pearlman (5) | 01/03/2006 | |
/s/ Emanuel R. Pearlman | 01/03/2006 | |
** 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. |