-----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, F/YyVUVBVsc3MTlvJCrqnbssADuHNEWveIsfcLH7IRwaIzB5OqAsIF0N4cgww64p FA3ebX6ovV551jAwFk9vvg== 0000895345-07-000668.txt : 20071217 0000895345-07-000668.hdr.sgml : 20071217 20071217104136 ACCESSION NUMBER: 0000895345-07-000668 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071213 FILED AS OF DATE: 20071217 DATE AS OF CHANGE: 20071217 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PENN TRAFFIC CO CENTRAL INDEX KEY: 0000077155 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 250716800 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 BUSINESS ADDRESS: STREET 1: 1200 STATE FAIR BLVD CITY: SYRACUSE STATE: NY ZIP: 13221-4737 BUSINESS PHONE: (315) 453-7284 MAIL ADDRESS: STREET 1: 1200 STATE FAIR BLVD CITY: SYRACUSE STATE: NY ZIP: 13221-4737 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BIONDI O FRANCIS JR CENTRAL INDEX KEY: 0001218198 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-08858 FILM NUMBER: 071309072 BUSINESS ADDRESS: BUSINESS PHONE: 212-812-3100 MAIL ADDRESS: STREET 1: 65 EAST 55TH STREET STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HIGGINS BRIAN J CENTRAL INDEX KEY: 0001218197 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-08858 FILM NUMBER: 071309073 BUSINESS ADDRESS: BUSINESS PHONE: 212-812-3100 MAIL ADDRESS: STREET 1: 65 EAST 55TH STREET STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KING STREET CAPITAL MGMT LLC CENTRAL INDEX KEY: 0001218199 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-08858 FILM NUMBER: 071309074 BUSINESS ADDRESS: STREET 1: 65 EAST 55TH STREET STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-812-3100 MAIL ADDRESS: STREET 1: 65 EAST 55TH STREET STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 4 1 pr4-penn_kingstreetex.xml X0202 4 2007-12-13 0 0000077155 PENN TRAFFIC CO PTFC.PK 0001218199 KING STREET CAPITAL MGMT LLC 65 EAST 55TH STREET 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001218197 HIGGINS BRIAN J 65 EAST 55TH STREET 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001218198 BIONDI O FRANCIS JR 65 EAST 55TH STREET 30TH FLOOR NEW YORK NY 10022 0 0 1 0 Series A Convertible Preferred Stock 16.12 2007-12-13 4 P 0 955.5 1000 A 2008-12-14 Common Stock 955.5 I King Street Capital, L.P. Series A Convertible Preferred Stock 16.12 2007-12-13 4 P 0 2044.5 1000 A 2008-12-14 Common Stock 2044.5 I King Street Capital Ltd. The conversion price is subject to adjustment on a weighted-average basis in the event that the Issuer issues additional shares of common stock or common stock equivalents at a purchase price less than the then applicable conversion price, subject to certain exceptions. The conversion price is also subject to adjustment under certain other circumstances set forth in the Certificate of Designations governing the Series A Convertible Preferred Stock. The Series A Convertible Preferred Stock has no expiration date. However, the Issuer may redeem the Series A Convertible Preferred Stock after December 13, 2009 if the daily closing price per share of its common stock exceeds 130% of $16.12 for 20 consecutive trading days ending on the date before the mailing of a redemption notice. The number of shares of common stock into which each share of the Series A Convertible Preferred Stock may be converted will be determined by dividing $1,000 (plus any accrued and unpaid dividends as of the date of conversion) by the applicable conversion price. The Series A Convertible Preferred Stock accrue dividends at a rate of 8% per annum. Each of the reporting persons, including the joint filers, disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that any of them is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose. The Series A Convertible Preferred Stock is owned by King Street Capital, L.P. and King Street Capital, Ltd. King Street Capital Management, L.L.C. has been delegated investment advisory responsibilities by King Street Advisors, L.L.C., the general partner of King Street Capital, L.P. and is also the investment manager of King Street Capital, Ltd. O. Francis Biondi, Jr. and Brian Higgins are the managing members of King Street Capital Management, L.L.C. Exhibit List: Exhibit 99 - Joint Filer Information /s/ Brian J. Higgins, Managing Member 2007-12-17 /s/ Brian J. Higgins 2007-12-17 /s/ O. Francis Biondi, Jr. 2007-12-17 EX-99 2 pr4ex99.txt EXHIBIT 99 FORM 4 - JOINT FILING INFORMATION - --------------------------------- Name: Brian J. Higgins Address: 65 East 55th Street, 30th Floor New York, New York 10022 Designated Filer: King Street Capital Management, L.L.C. Issuer & Ticker Symbol: The Penn Traffic Company (PTFC.PK) Date of Event Requiring Filing: December 13, 2007 Signature: /s/ Brian J. Higgins ------------------------------------ Brian J. Higgins Name: O. Francis Biondi, Jr. Address: 65 East 55th Street, 30th Floor New York, New York 10022 Designated Filer: King Street Capital Management, L.L.C. Issuer & Ticker Symbol: The Penn Traffic Company (PTFC.PK) Date of Event Requiring Filing: December 13, 2007 Signature: /s/ O. Francis Biondi, Jr. ------------------------------------ O. Francis Biondi, Jr. -----END PRIVACY-ENHANCED MESSAGE-----