-----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, J1QgdHIs1evW4S2MP10Kz2xEVxMp49pfr6tmtaznpQjspDBx3s0ge8LKIIX2wYgM QGxseMZuPCJHtBtru7GdxQ== 0000905718-02-000227.txt : 20020607 0000905718-02-000227.hdr.sgml : 20020607 20020605154124 ACCESSION NUMBER: 0000905718-02-000227 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020531 FILED AS OF DATE: 20020605 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PHILIP SERVICES CORP/DE CENTRAL INDEX KEY: 0001095701 STANDARD INDUSTRIAL CLASSIFICATION: SANITARY SERVICES [4950] IRS NUMBER: 980131394 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30417 FILM NUMBER: 02671066 BUSINESS ADDRESS: STREET 1: 9700 HIGGINS ROAD STREET 2: SUITE 750 CITY: ROSEMONT STATE: IL ZIP: 60018 BUSINESS PHONE: 847-993-4712 MAIL ADDRESS: STREET 1: 9700 HIGGINS ROAD STREET 2: SUITE 750 CITY: ROSEMONT STATE: IL ZIP: 60018 FORMER COMPANY: FORMER CONFORMED NAME: PHILIP SERVICES DELAWARE INC DATE OF NAME CHANGE: 19990924 COMPANY DATA: COMPANY CONFORMED NAME: FEINBERG STEPHEN CENTRAL INDEX KEY: 0000947822 OWNER STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 450 PARK AVE STREET 2: 28TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128912120 MAIL ADDRESS: STREET 1: 450 PARK AVE STREET 2: 28TH FL CITY: NEW YORK STATE: NY ZIP: 10022 4 1 philipsfm40502.txt PHILIPS FM4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [ ] 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* Feinberg Stephen - -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Cerberus Partners, L.P. 450 Park Avenue - 28th Floor - -------------------------------------------------------------------------------- (Street) New York NY 10022 - -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Philip Services Corporation (PSCDE) ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an entity (voluntary) ________________________________________________________________________________ 4. Statement for Month/Year May/2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) 1,2 [ ] Director [X] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable Line) 1,2 [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 2. 3. Disposed of (D) Securities Form: 7. Transaction Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of Date Code ----------------------------- Owned at End (D) or Indirect 1. (Month/ (Instr. 8) (A) of Month Indirect Beneficial Title of Security Day/ ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) Year) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ 2 4 1,2 1,2 1,2 Common Stock, $0.01 par value 5/16/02 P 125,303 A * 4,596,344 I By partner- ships and companies - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
*If the form is filed by more than one reporting person, see Instruction 4(b)(v) Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ities In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Bene- direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned ficially Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End Owned ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of at End Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month of Month ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ 3 3 2,3 2,3 1,2 1,2 10% Secured $11.72 5/29/02 J $1,362 Immed. 3/31/05 Common 116 I By part- Convertible PIK Stock nerships Debt due 2005 and ("PIK Notes") companies - ------------------------------------------------------------------------------------------------------------------------------------ 2,3 2,3 4 2 1,2 1,2 10% Secured $11.72 5/16/02 P $699,365 Immed. 3/31/05 Common 59,672 $251,771 $21,371,408 I By part- Convertible PIK Stock nerships Debt due 2005 and ("PIK Notes") companies - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: 1 As of May 31, 2002, Cerberus Partners, L.P. ("Cerberus"), Cerberus International, Ltd. ("International"), Madeleine LLC ("Madeleine"), Styx Partners, L.P. ("Styx"), Styx International, Ltd. ("Styx International"), The Long Horizons Fund, L.P. ("Long Horizons"), The Long Horizons Overseas Fund, Ltd. ("Horizons Overseas," and, together with Cerberus, International, Madeleine, Styx, Styx International and Long Horizons, the "Feinberg Entities") and certain private investment funds (the "Funds") held or had the right to acquire an aggregate of 6,419,843 shares ("Shares") of common stock of Philip Services Corporation (the "Company"). Stephen Feinberg possesses sole power to vote and direct the disposition of all securities of the Company owned by each of the Feinberg Entities and the Funds. The Shares consist of, among other things, Shares held of record and/or beneficially by the Feinberg Entities and the Funds and Shares underlying the 10% Secured Convertible PIK Debt of the Company due 2005 (the "PIK Notes") held of record and/or beneficially by the Feinberg Entities and the Funds, which consist both of Shares underlying the original principal amount of such PIK Notes as well as Shares underlying the pay-in-kind interest which has accreted on such PIK Notes since the date of issuance. 2 The reporting person's interest is limited to the extent of his pecuniary interest in the Feinberg Entities and the Funds, if any. 3 Represents PIK Notes acquired from an unrelated third party and pay-in-kind interest accreted on such acquired PIK Notes. 4 The $251,771 purchase price includes both the PIK Notes and common stock acquired on May 16, 2002. No separate purchase price allocation was made between or among such securities. By: /s/Stephen Feinberg June 5, 2002 ------------------------------------------ ----------------------- **Signature of Reporting Person Date ** 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. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. -----END PRIVACY-ENHANCED MESSAGE-----