3//SEC Filing
NES RENTALS HOLDINGS INC 3
Accession 0001104659-05-006475
CIK 0001280191operating
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 5:15 PM ET
Size
6.2 KB
Accession
0001104659-05-006475
Insider Transaction Report
Form 3
NES RENTALS HOLDINGS INCNLEQ.PK
Holdings
- 1,992,806
Common Stock
Footnotes (2)
- [F1]The Reporting Person held notes issued by the Issuer that were automatically converted into shares of the Issuer's Common Stock at the time the Issuer emerged from bankruptcy on February 11, 2004. The Reporting Person has not acquired or disposed of any shares of the Issuer's Common Stock since that time. At the time the Issuer emerged from bankruptcy, the Issuer's representatives informed the Reporting Person that the Issuer would be issuing 20 million shares upon the Issuer's emergence from bankruptcy, which was the number the Issuer would be issuing under the plan of reorganization. Based on this figure, the Reporting Person would own less than 10% of the Issuer's outstanding Common Stock. The Reporting Person was not informed by or on behalf of the Issuer at the time of emergence that any shares of Common Stock would not be issued and would instead be held in reserve to satisfy pending claims.
- [F2]The Reporting Person has recently been informed that some of the shares the Issuer expected to issue were held in reserve to satisfy certain pending claims arising during the bankruptcy process and in fact the Issuer did not issue the full 20 million shares upon the Issuer's emergence from bankruptcy, as had been previously reported to the Reporting Person. Based on the number of shares of Common Stock outstanding as reported in the Issuer's Form 10-Q for the quarter ended September 30, 2004, the Reporting Person owns greater than 10% of the Issuer's outstanding Common Stock and as a result is making this filing. The Reporting Person has also been informed by representatives of the Issuer that the shares held in reserve will ultimately be issued once all of the pending claims are resolved.
Documents
Issuer
NES RENTALS HOLDINGS INC
CIK 0001280191
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001280191
Filing Metadata
- Form type
- 3
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 5:15 PM ET
- Size
- 6.2 KB