Home/Filings/4/0001181431-05-042447

4//SEC Filing

AJR Financial, LLC 4

Accession 0001181431-05-042447

CIK 0000814181other

View on SEC.gov Company Profile

Filed

Jul 26, 8:00 PM ET

Accepted

Jul 27, 6:55 PM ET

Size

32.2 KB

Accession

0001181431-05-042447

Insider Transaction Report

Form 4

Period: 2005-07-25

PENN TREATY AMERICAN CORPPTA

Whitebox Convertible Arbitrage Fund, L.P.

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)

WHITEBOX ADVISORS LLC

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)

Whitebox Convertible Arbitrage Advisors, LLC

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)

Whitebox Convertible Arbitrage Fund, Ltd.

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)

Whitebox Hedged High Yield Advisors, LLC

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)

Whitebox Hedged High Yield Partners, L.P.

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)

Whitebox Concentrated Convertible Arbitrage Partners, L.P.

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)

AJR Financial, LLC

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)

Whitebox Hedged High Yield Fund, L.P.

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)

Whitebox Hedged High Yield Fund, Ltd.

10% Owner

Transactions

Sale
Common Stock
2005-07-25$10.60/sh−1,200$12,720→ 504.25 total(indirect: Refer to Footnote)
Sale
Common Stock
2005-07-25$10.60/sh−500$5,300→ 504.25 total(indirect: Refer to Footnote)

Footnotes (8)

[F1]Reporting Person is Whitebox Convertible Arbitrage Partners, L.P. ("WCAP").
[F2]Reporting Person is Whitebox Hedged High Yield Partners, L.P. ("WHHYP").
[F3]Reporting Person is Whitebox Diversified Convertible Arbitrage Partners, L.P. ("WDCAP").
[F4]Each of WCAP, WHHYP, WDCAP, PSP and Whitebox Advisors, LLC beneficially own Convertible Subordinated Notes of which the Common Stock of Penn Treaty American Corporation is the underlying security.
[F5]This amount reflects a four for one reverse stock split of shares of common stock of the Issuer, effective July 8, 2005.
[F6]The general partner of WCAP, is Whitebox Convertible Arbitrage Advisors, LLC ("WCAA"), which manages accounts for the benefit of its clients WCAP, Whitebox Convertible Arbitrage Fund, L.P. ("WCAFLP") and Whitebox Convertible Arbitrage Fund, Ltd. ("WCAFLTD"); the general partner of WHHYP is Whitebox Hedged High Yield Advisors, LLC ("WHHYA"), which manages accounts for the benefit of its clients WHHYP, Whitebox Hedged High Yield Fund, L.P. ("WHYYFLP") and Whitebox Hedged High Yield Fund, Ltd. ("WHHYFLTD"). The managing member and controlling owner of each of WCAA and WHHYA is Whitebox Advisors, LLC. (Cont. in footnote 7)
[F7]The general partner of PSP is Pandora Select Advisors, LLC ("PSA"), which manages accounts for the benefit of its clients PSP, Pandora Select Fund, L.P. ("PSFLP") and Pandora Select Fund, Ltd. ("PSFLTD"). The general partner of WDCAP is Whitebox Diversified Convertible Arbitrage Advisors, LLC ("WDCAA"), which manages accounts for the benefit of its clients WDCAP Whitebox Diversified Convertible Arbitrage Fund, L.P. ("WDCAFLP") and Whitebox Diversified Convertible Arbitrage Fund, Ltd. ("WDCAFLTD"). The managing member and controlling owner of each of PSA and WDCAA is AJR Financial, LLC. Whitebox Advisors, LLC and AJR Financial, LLC each have the same sole owner and managing member. (Cont. in footnote 8)
[F8]Based on the relationships described herein, these entities may be deemed to constitute a "group" within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934. The filing of this statement shall not be construed as an admission that Whitebox Advisors, LLC, AJR Financial, LLC, WCCA, WHHYA, PSA, WDCAA, WCAP, WHHYP, PSP, WDCAP, WCAFLP, WHHYFLP, PSFLP, WDCAFLP, WCAFLTD, WHHYFLTD, PSFLTD and WDCAFLTD are a group, or have agreed to act as a group. Whitebox Advisors, LLC, AJR Financial, LLC, WCCA, WHHYA, PSA, WDCAA, WCAP, WHHYP, PSP, WDCAP, WCAFLP, WHHYFLP, PSFLP, WDCAFLP, WCAFLTD, WHHYFLTD, PSFLTD and WDCAFLTD each disclaim beneficial ownership of such shares of common stock except to the extent of their pecuniary interest in such shares.

Documents

2 files

Issuer

PENN TREATY AMERICAN CORP

CIK 0000814181

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001307362

Filing Metadata

Form type: 4
Filed: Jul 26, 8:00 PM ET
Accepted: Jul 27, 6:55 PM ET
Size: 32.2 KB

View on SEC.gov