CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 2 OF 12
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NAME OF REPORTING PERSONS
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|||||
1
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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The Price Group LLC
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52-2255962
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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2
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(a)
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o
|
|||
(b)
|
x
|
||||
SEC USE ONLY
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|||||
3
|
|||||
SOURCE OF FUNDS
|
|||||
4
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|||||
WC, OO
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|||||
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
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|||||
5
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PURSUANT TO ITEMS 2(d) or 2(e)
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o
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CITIZENSHIP OR PLACE OF ORGANIZATION
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|||||
6
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|||||
California
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON
WITH
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SOLE VOTING POWER
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||||
7
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|||||
0 (See Item 5)
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|||||
SHARED VOTING POWER
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|||||
8
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|||||
2,832,945 (See Item 5)
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|||||
SOLE DISPOSITIVE POWER
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|||||
9
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|||||
0 (See Item 5)
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|||||
SHARED DISPOSITIVE POWER
|
|||||
10
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|||||
2,832,945 (See Item 5)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||||
11
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|||||
2,832,945 (See Item 5)
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|||||
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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|||||
12
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|||||
o
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|||||
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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|||||
13
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|||||
9.5%
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|||||
TYPE OF REPORTING PERSON*
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|||||
14
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|||||
OO – Limited Liability Company
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 3 OF 12
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NAME OF REPORTING PERSONS
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|||||
1
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Price Charities (formerly known as San Diego Revitalization Corp.)
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|||||
33-0898712
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|||||
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
|||||
2
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(a)
|
o
|
|||
(b)
|
x
|
||||
SEC USE ONLY
|
|||||
3
|
|||||
SOURCE OF FUNDS
|
|||||
4
|
|||||
WC, OO
|
|||||
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
|
|||||
5
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PURSUANT TO ITEMS 2(d) or 2(e)
|
o
|
|||
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||||
6
|
|||||
California
|
|||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON
WITH
|
SOLE VOTING POWER
|
||||
7
|
|||||
0 (See Item 5)
|
|||||
SHARED VOTING POWER
|
|||||
8
|
|||||
3,889,335 (See Item 5)
|
|||||
SOLE DISPOSITIVE POWER
|
|||||
9
|
|||||
0 (See Item 5)
|
|||||
SHARED DISPOSITIVE POWER
|
|||||
10
|
|||||
3,889,335 (See Item 5)
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||||
11
|
|||||
3,889,335 (See Item 5)
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|||||
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
|||||
12
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|||||
o
|
|||||
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||||
13
|
|||||
13.0%
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|||||
TYPE OF REPORTING PERSON*
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|||||
14
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|||||
OO – Nonprofit Corporation
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 4 OF 12
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NAME OF REPORTING PERSONS
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|||||
1
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
Robert E. Price
|
|||||
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
|||||
2
|
(a)
|
o
|
|||
(b)
|
x
|
||||
SEC USE ONLY
|
|||||
3
|
|||||
SOURCE OF FUNDS
|
|||||
4
|
|||||
PF, WC, AF, OO
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|||||
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
|
|||||
5
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PURSUANT TO ITEMS 2(d) or 2(e)
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o
|
|||
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||||
6
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|||||
United States of America
|
|||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON
WITH
|
SOLE VOTING POWER
|
||||
7
|
|||||
1,354,572 (See Item 5)
|
|||||
SHARED VOTING POWER
|
|||||
8
|
|||||
10,146,031 (See Item 5)
|
|||||
SOLE DISPOSITIVE POWER
|
|||||
9
|
|||||
1,354,572 (See Item 5)
|
|||||
SHARED DISPOSITIVE POWER
|
|||||
10
|
|||||
10,146,031 (See Item 5)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||||
11
|
|||||
11,500,603 (See Item 5)
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|||||
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
|||||
12
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|||||
o
|
|||||
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||||
13
|
|||||
38.5%
|
|||||
TYPE OF REPORTING PERSON*
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14
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IN
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 5 OF 12
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ITEM 2.
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IDENTITY AND BACKGROUND.
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(a), (f)
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This statement on Schedule 13D is being jointly filed by (i) The Price Group LLC, a California limited liability company (“Price Group”), (ii) Price Charities (formerly known as San Diego Revitalization Corp.), a California nonprofit public benefit corporation (“Price Charities”), and (iii) Robert E. Price, a natural person and citizen of the United States of America (collectively, the “Reporting Persons”).
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The managers of Price Group (the “Price Group Managers”), each of whom is a citizen of the United States of America, are as follows:
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Robert E. Price
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Manager
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Sherry Bahrambeygui
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Manager
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The directors and executive officers of Price Charities (collectively, the “Price Charities Directors and Officers”), each of whom is a citizen of the United States of America, are as follows:
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Robert E. Price
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Director and President
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Allison Price
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Director
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William Gorham
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Director
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Dede Alpert
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Director
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John Eckstein
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Director
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Sue Reynolds
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Director
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Sherry Bahrambeygui
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Vice President and Secretary
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Jeff Fisher
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Chief Financial Officer
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Tad Parzen
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Executive Vice President
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Each Reporting Person, each Price Group Manager, and each Price Charities Director and Officer disclaims membership in a group with any person with respect to any Common Stock.
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 6 OF 12
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(b)-(c)
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The principal executive office of Price Group and Price Charities, and the principal business address of each of Mr. R. Price, the Price Group Managers and the Price Charities Directors and Officers, is 7979 Ivanhoe Avenue, Suite 520, La Jolla, California 92037.
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The principal business of Price Group is real estate and investment. The principal business of Price Charities is to function as a public charity. The principal occupation of Mr. R. Price is president of Price Charities and Price Family Charitable Fund. Mr. R. Price also is Chairman of the Board of Directors of PriceSmart, a manager of Price Group and the sole trustee of the Sol and Helen Price Trust. The principal occupation of Ms. Bahrambeygui is manager of Price Group. The principal occupation of each of Mr. Gorham and Ms. Alpert is self-employed investor. The principal occupation of Mr. Eckstein is physician. The principal occupation of Mr. Fisher is employee of Price Group. Ms. A. Price is not presently employed. The principal occupation of Ms. Reynolds is community developer. The principal occupation of Mr. Parzen is Executive Vice President of Price Charities.
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(d)-(e)
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During the last five years, none of the Reporting Persons, nor any of the Price Group Managers, nor any of the Price Charities Directors and Officers has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation of such laws.
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ITEM 4.
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PURPOSE OF TRANSACTION.
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 7 OF 12
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ITEM 5.
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INTEREST IN SECURITIES OF THE ISSUER.
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(a)-(b)
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After giving effect to the Redemption Distribution, the Reporting Persons presently may be deemed to beneficially own, in the aggregate and as a group, 11,500,603 shares of Common Stock, which represent approximately 38.5% of the outstanding Common Stock.(3) The Reporting Persons, the Price Group Managers and the Price Charities Directors and Officers presently may be deemed to beneficially own, in the aggregate, 11,787,216 shares of Common Stock, which represent approximately 39.5% of the outstanding Common Stock. The beneficial ownership of shares of Common Stock (or equivalents thereof) by each of the Reporting Persons, the Price Group Managers and the Price Charities Directors and Officers is as follows:(4)
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 8 OF 12
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 9 OF 12
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 10 OF 12
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(c)
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The information set forth above in Item 4 is hereby incorporated by reference in response to this Item 5(c).
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 11 OF 12
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THE PRICE GROUP LLC
|
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/s/ Sherry Bahrambeygui
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By:
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Sherry Bahrambeygui
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Title:
|
Manager
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PRICE CHARITIES
|
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/s/ Sherry Bahrambeygui
|
||
By:
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Sherry Bahrambeygui
|
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Title:
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Secretary
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ROBERT E. PRICE
|
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/s/ Robert E. Price
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CUSIP NO. 741511109
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SCHEDULE 13D/A
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PAGE 12 OF 12
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Exhibit No.
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Description of Exhibit
|
||||
1
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Joint Filing Agreement, dated as of October 29, 2004, by and among The Price Group LLC, San Diego Revitalization Corp., Sol Price and Robert E. Price (incorporated by reference to Exhibit 1 to the Schedule 13D filed by The Price Group LLC, San Diego Revitalization Corp., Sol Price and Robert E. Price with the SEC on October 29, 2004).
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2
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Stock Purchase Agreement, dated as of April 19, 2005, by and among PriceSmart, Inc., The Price Group LLC, the Sol and Helen Price Trust and the Robert and Allison Price Trust (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed by PriceSmart, Inc. with the SEC on April 22, 2005).
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3
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Grant Agreement, dated as of December 22, 2005, by and among Sol Price, the Sol and Helen Price Trust and San Diego Revitalization Corp. (incorporated by reference to Exhibit 3 to Amendment No. 4 to Schedule 13D filed by The Price Group LLC, San Diego Revitalization Corp., Sol Price and Robert E. Price with the SEC on January 9, 2006).
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4
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Put Option Agreement, dated as of September 20, 2004, and amended and restated as of January 7, 2005, by and between The Price Group LLC and International Finance Corporation (incorporated by reference to Exhibit 4 to Amendment No. 5 to Schedule 13D filed by The Price Group LLC, San Diego Revitalization Corp., Sol Price and Robert E. Price with the SEC on February 14, 2006).
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5
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Joint Filing Agreement, dated as of May 22, 2007, by and among The Price Group LLC, Price Charities, Sol Price, Robert E. Price, Jack McGrory, Murray Galinson and Keene Wolcott (incorporated by reference to Exhibit 5 to Amendment No. 8 to Schedule 13D filed by The Price Group LLC, Price Charities, Sol Price, Robert E. Price, Jack McGrory, Murray Galinson and Keene Wolcott with the SEC on May 22, 2007).
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6
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Joint Filing Agreement, dated as of October 31, 2007, by and among The Price Group LLC, Price Charities, Sol Price, Robert E. Price, Jack McGrory, Murray Galinson, Keene Wolcott and Jose Luis Laparte (incorporated by reference to Exhibit 6 to Amendment No. 9 to Schedule 13D filed by The Price Group LLC, Price Charities, Sol Price, Robert E. Price, Jack McGrory, Murray Galinson, Keene Wolcott and Jose Luis Laparte with the SEC on October 31, 2007).
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7
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Voting Agreement, dated as of November 13, 2007, by and among The Price Group LLC, Price Charities, Sol Price, Robert E. Price, Jack McGrory, Murray Galinson, Keene Wolcott and Jose Luis Laparte (incorporated by reference to Exhibit 7 to Amendment No. 10 to Schedule 13D filed by The Price Group LLC, Price Charities, Sol Price, Robert E. Price, Jack McGrory, Murray Galinson, Keene Wolcott and Jose Luis Laparte with the SEC on November 15, 2007).
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