-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ISxGCzdKP3K+vfR8RistXKrPvZ69hv3G8q4X65ppgjKO0kyR4dVxfkNFJWiOvdOZ 44IaxgKzwRSYsQV1+ifW1A== 0000904567-05-000013.txt : 20050912 0000904567-05-000013.hdr.sgml : 20050912 20050912101535 ACCESSION NUMBER: 0000904567-05-000013 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050912 DATE AS OF CHANGE: 20050912 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PELICAN FINANCIAL INC CENTRAL INDEX KEY: 0001037652 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 582298215 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-80974 FILM NUMBER: 051079065 BUSINESS ADDRESS: STREET 1: 315 E EISENHOWER STREET 2: 800-765-5562 CITY: ANN ARBOR STATE: MI ZIP: 48108 BUSINESS PHONE: 7346629733 MAIL ADDRESS: STREET 1: 315 EAST EISENHOWER CITY: ANN ARBOR STATE: MI ZIP: 48108 FORMER COMPANY: FORMER CONFORMED NAME: PN HOLDINGS INC DATE OF NAME CHANGE: 19990324 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BERLIN THOMAS G CENTRAL INDEX KEY: 0000904567 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 23811 CHAGRIN BLVD CITY: CHAGRIN FALLS STATE: OH ZIP: 44122 BUSINESS PHONE: 4409512655 MAIL ADDRESS: STREET 1: 37500 EAGLE ROAD CITY: WILLOGHBY HILLS STATE: OH ZIP: 44094 SC 13D 1 pfi0509.txt PELICAN FINANCIAL United States Securities and Exchange Commission Washington DC 20549 Schedule 13D/A Amendment No. 1 Under the Securities and Exchange Act of 1934 Pelican Financial Inc. (Name of Issuer) Common Stock (No Par Value) Title of Class of Securities 705808103 (CUSIP Number) Thomas G. Berlin Berlin Financial,Ltd. 1325 Carnegie Ave, Cleveland,OH 44115 (216) 479.0400 Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 1,2005 (Date of Event Which Requires Filing of this Statement) If this filing person has previously filed a statement on Schedule 13G to report this acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b) (3) or (4), check the following box / /. Note: Six copies of this statement, including all exhibits should be filed with the Commission. See Rule 13d-1 (a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that Section of the Act, but shall be subject to all other provisions of the Act (however see the Notes). 1 Name of Reporting Person Thomas G. Berlin 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting 0 Beneficially Owned By Each Shared Voting 278,760 Reporting Person With 9 Sole Dispositive 0 10 Shared Dispositive 278,760 11 Aggregate Amount Beneficially owned 278,760 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 6.2% 14 Type of Reporting Person IA, IN Item 1. Security and Issuer CUSIP 705808103 Pelican Financial Inc. 3767 Ranchero Drive Ann Arbor, MI 48108 Phone: 734-662-9733 Item 2. Identity and Background. (a) The name of the reporting person is Thomas G. Berlin. (b) The Reporting person's address is Berlin Financial, Ltd., 1325 Carnegie Ave, Cleveland, OH 44115 (c) The Reporting Person's occupation is managing member;investment advisor;Berlin Financial,Ltd., 1325 Carnegie Ave, Cleveland, OH 44115. (d) None (e) None (f) United States of America Item 3. Source and Amount of Funds or Other Consideration. Capital Shares (as defined in Item 4) were purchased using funds of Berlin Capital Growth, L.P. The Reporting Person is the managing member of the General Partner of Berlin Capital Growth, L.P. The Trading Shares (as defined in Item 4) were purchased using funds of Berlin Trading, L.P. The Reporting Person is the managing member of the General Partner of Berlin Trading, L.P. The Privately Managed Shares (as defined in Item 4) were purchased using funds of each respective account holder. The Reporting Person is the managing member of the Privately Managed Accounts. Item 4. Purpose of Transaction. The Reporting Person purchased certain shares (the "Capital Shares") in his capacity as the managing member of the General Partner of Berlin Capital Growth, L.P. and for the account of Berlin Capital Growth, L.P. Capital Shares were purchased and sold solely for investment purposes. The Reporting Person purchased and sold certain shares (the " Trading Shares") in his capacity as the managing member of the General Partner of Berlin Trading, L.P. and for the account of Berlin Trading, L.P. Trading Shares were purchased and sold solely for investment purposes. The Reporting Person purchased and sold certain shares (the "Privately Managed Shares") in his capacity as the managing member of the Privately Managed Accounts. Privately Managed Shares were purchased and sold solely for investment purposes. Item 5. Interest in Securities of the Issuer (a) The aggregate amount owned by the Reporting Person is 278,760 shares or 6.2% of the outstanding shares. (b) Shares Percentage Sole Voting Power 0 0% Shared Voting Power 278,760 6.2% Sole Dispositive Power 0 0% Shared Dispositive Po 278,760 6.2% The reporting Person shares voting and dispositive power with the following clients in the following amounts: Berlin Capital Growth, L.P., 82,000 shares;Berlin Trading, L.P.,0 shares;Privately Managed Accounts, 196,760 shares. The address of Berlin Capital Growth, L.P., Berlin Trading, L.P. and the Privately Managed Accounts is c/o the Reporting Person. There is no proceedings required to be disclosed with respect to any person sharing beneficial ownership with the Reporting Person. (c) On the following dates, the Reporting Person purchased and/or sold the following numbers of shares for the prices per share set forth below. Each such purchase or sale occurred through a customary broker transaction. BERLIN CAPITAL GROWTH Date Shares Price/Share Sold or Bought 03/24/2004 3000 5.32 B 03/25/2004 10600 5.05 B 03/25/2004 36500 5.02 B 03/31/2004 -7000 5.32 S 04/01/2004 -7200 5.75 S 04/01/2004 -1000 6.03 S 04/01/2004 -1000 6.00 S 04/02/2004 -2400 6.00 S 04/06/2004 3600 5.75 B 04/07/2004 7200 5.66 B 04/16/2004 10800 5.49 B 04/19/2004 5400 5.26 B 04/20/2004 -2400 5.50 S 04/23/2004 600 5.28 B 04/26/2004 2300 5.26 B 04/27/2004 2700 5.22 B 05/03/2004 10800 5.13 B 05/06/2004 7200 5.00 B 05/07/2004 3600 4.93 B 05/10/2004 -2400 5.08 S 05/10/2004 3600 4.88 B 05/14/2004 1200 4.87 B 05/17/2004 3500 4.80 B 05/26/2004 -2400 4.99 S 05/27/2004 -500 5.04 S 06/04/2004 -2400 5.05 S 06/07/2004 -2400 5.10 S 06/08/2004 -2400 5.15 S 06/09/2004 -1200 5.20 S 06/28/2004 -2400 5.23 S 06/29/2004 -2400 5.28 S 07/13/2004 300 5.03 B 06/09/2005 1500 5.95 B 06/15/2005 1000 5.61 B 06/20/2005 -1000 5.76 S 06/21/2005 -1000 5.90 S 06/22/2005 1000 5.85 B 06/23/2005 1000 5.83 B 06/28/2005 100 5.70 B 07/08/2005 -1000 6.14 S 07/12/2005 1000 5.93 B 07/13/2005 -200 6.05 S 07/21/2005 1000 5.90 B 08/01/2005 -1000 6.18 S 08/09/2005 -1000 6.61 S 09/02/2005 1000 6.33 B 09/08/2005 1000 5.60 B BERLIN TRADING LP Date Shares Price/Share Sold or Bought 03/16/2004 3000 5.98 B 03/23/2004 1000 5.50 B 03/25/2004 1000 5.00 B 03/30/2004 -2400 5.15 S 03/31/2004 -2600 5.32 S PRIVATE Date Shares Price/Share Sold or Bought 03/16/2004 7000 5.99 B 03/23/2004 9000 5.50 B 03/25/2004 10000 5.02 B 03/25/2004 6000 5.02 B 03/25/2004 36500 5.02 B 04/29/2004 1000 5.25 B 05/07/2004 700 5.11 B 05/07/2004 300 5.11 B 05/07/2004 100 5.11 B 05/10/2004 1200 5.11 B 05/10/2004 700 5.11 B 05/12/2004 100 5.05 B 05/12/2004 1900 5.08 B 05/13/2004 800 4.89 B 05/13/2004 1200 4.89 B 06/10/2004 1200 5.05 B 06/17/2004 200 5.05 B 07/12/2004 500 5.14 B 07/12/2004 600 5.14 B 07/14/2004 600 5.05 B 07/14/2004 1800 5.05 B 07/20/2004 2000 5.00 B 07/21/2004 500 5.00 B 08/02/2004 5900 5.06 B 08/02/2004 200 4.95 B 08/05/2004 3200 5.06 B 08/06/2004 1700 5.06 B 08/09/2004 700 5.06 B 08/11/2004 500 5.06 B 08/12/2004 3600 4.93 B 08/17/2004 500 4.95 B 08/17/2004 600 4.95 B 08/17/2004 400 4.95 B 08/17/2004 400 4.95 B 08/17/2004 400 4.95 B 08/17/2004 2300 4.95 B 09/02/2004 5800 4.90 B 09/08/2004 1200 4.90 B 09/10/2004 2900 4.87 B 09/14/2004 4000 4.85 B 09/29/2004 2000 4.82 B 10/01/2004 3600 4.79 B 10/08/2004 7500 4.76 B 10/21/2004 3600 4.94 B 11/05/2004 -1000 5.50 S 11/08/2004 -2000 5.59 S 11/09/2004 -500 5.68 S 11/10/2004 -1000 5.71 S 11/12/2004 -2000 5.80 S 11/17/2004 -2000 5.92 S 01/03/2005 2500 6.03 B 01/03/2005 3500 6.03 B 01/03/2005 500 6.65 B 01/04/2005 1000 6.56 B 01/26/2005 3000 6.70 B 02/09/2005 2500 7.00 B 02/22/2005 1500 7.00 B 02/22/2005 1000 7.00 B 02/25/2005 1000 7.00 B 02/25/2005 700 6.87 B 02/25/2005 2500 7.02 B 02/25/2005 500 6.89 B 03/02/2005 1000 6.70 B 03/14/2005 3000 6.70 B 03/17/2005 1000 6.70 B 04/01/2005 13000 6.58 B 04/28/2005 1000 7.20 B 05/24/2005 20000 6.63 B 06/14/2005 1770 5.80 B 06/17/2005 100 5.62 B 08/04/2005 -800 6.40 S 09/02/2005 2000 6.20 B 09/07/2005 1000 5.88 B 09/07/2005 2000 6.00 B 12/20/2005 1000 6.18 B d) Not Applicable. e) Not Applicable Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to the Issuer. The partners of Berlin Capital Growth, L.P. have the right to receive distributions of the net assets of Berlin Capital Growth, L.P. Those net assets include any proceeds from the sale of Capital Shares. Item 7. Material to be Filed as Exhibits. Not Applicable. Signature After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: September 12, 2005 /s/ Thomas G. Berlin -----END PRIVACY-ENHANCED MESSAGE-----