|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: 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 | ||||||||
9.00% Convertible Senior Notes due 2012 (the ?Senior Notes?) | (3) | 12/18/2009 | S | $ 30,000,000 (1) | 02/01/2012(4) | (5) | Common Stock, $0.01 par value | (3) | (1) | $ 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 95 WELLINGTON STREET WEST SUITE 800 TORONTO, ONTARIO, CANADA, A6 M5J 2N7 |
X | |||
WATSA V PREM ET AL 95 WELLINGTON STREET WEST SUITE 800 TORONTO, ONTARIO, CANADA, A6 M5J 2N7 |
X | |||
1109519 ONTARIO LTD 95 WELLINGTON STREET WEST SUITE 800 TORONTO, ONTARIO, CANADA, A6 M5J 2N7 |
X | |||
SIXTY TWO INVESTMENT CO LTD 1600 CATHEDRAL PLACE 925 WEST GEORGIA ST VANCOUVER, BC, CANADA, A1 V6C 3L3 |
X | |||
810679 ONTARIO LTD 95 WELLINGTON STREET WEST SUITE 800 TORONTO, ONTARIO, CANADA, A6 M5J 2N7 |
X | |||
TIG INSURANCE CO 250 COMMERCIAL STREET SUITE 5000 MANCHESTER, NH 03101 |
X | |||
ODYSSEY AMERICA REINSURANCE CORP 300 FIRST STAMFORD PLACE STAMFORD, CT 06902 |
X |
/s/ Paul Rivett, Vice President | 12/22/2009 | |
**Signature of Reporting Person | Date | |
/s/ V. Prem Watsa | 12/22/2009 | |
**Signature of Reporting Person | Date | |
/s/ V. Prem Watsa, President | 12/22/2009 | |
**Signature of Reporting Person | Date | |
/s/ V. Prem Watsa, President | 12/22/2009 | |
**Signature of Reporting Person | Date | |
/s/ V. Prem Watsa, President | 12/22/2009 | |
**Signature of Reporting Person | Date | |
/s/ John J. Bator, Chief Financial Officer | 12/22/2009 | |
**Signature of Reporting Person | Date | |
/s/ Peter H. Lovell, Senior Vice President | 12/22/2009 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | $15 million aggregate principal amount of Senior Notes were exchanged for 4,308,094 Shares by Fairfax Financial Holdings Limited ("Fairfax"), $7.5 million aggregate principal amount of Senior Notes were exchanged for 2,154,047 Shares by Odyssey America Reinsurance Corporation and $7.5 million aggregate principal amount of Senior Notes were exchanged for 2,154,047 Shares by TIG Insurance Company. |
(2) | The Shares are held directly by Fairfax and held by subsidiaries of Fairfax, including, following the transactions reported herein, 7,224,694 Shares held directly by Fairfax, 9,003,782 Shares held by TIG Insurance Company and 15,917,140 Shares held by Odyssey America Reinsurance Corporation. |
(3) | The Senior Notes are convertible into cash and, if applicable, Shares based on an initial conversion rate, subject to adjustment, of 163.8136 Shares per $1,000 principal amount of Senior Notes. Upon conversion, in lieu of Shares, for each $1,000 principal amount of Senior Notes a holder will receive an amount in cash equal to the lesser of (i) $1,000 and (ii) the conversion value, determined in the manner set forth in the indenture governing the Senior Notes. If the conversion value exceeds $1,000, ICO will also deliver, at its election, cash or Shares or a combination of cash and Shares for the conversion value in excess of $1,000. |
(4) | The Senior Notes may become convertible earlier than February 1, 2012 upon the occurrence of certain trigger events, as set forth in the indenture governing the Senior Notes. |
(5) | The Senior Notes are convertible until the close of business on the business day immediately preceding August 1, 2012. |