SHELLS SEAFOOD RESTAURANTS INC 4
4 · SHELLS SEAFOOD RESTAURANTS INC · Filed May 31, 2006
Insider Transaction Report
Form 4
Trinad Capital Master Fund Ltd.
10% Owner
Transactions
- Purchase
Common Stock
2006-05-25+0→ 2,971,548 total(indirect: By Trinad Capital Master Fund, Ltd.) - Purchase
Common Stock
2006-05-25$88265.00/sh+100,000$8,826,500,000→ 2,971,548 total
Footnotes (2)
- [F1]These securities are owned by Trinad Capital Master Fund, Ltd. (the "Master Fund") which is a reporting person.
- [F2]These securities may be deemed to be beneficially owned by Trinad Management, LLC, the investment manager of the Master Fund; Trinad Capital LP a principal stockholder of the Master Fund; Trinad Advisors GP, LLC, the general partner of Trinad Capital LP; Robert S. Ellin, the managing member of Trinad Management, LLC and the managing member of Trinad Advisors GP, LLC; and Jay Wolf a director of the issuer and a member of Trinad Management, LLC and a member of Trinad Advisors GP, LLC. Each such reporting person 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 such Reporting Person 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.