-----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, GlfOODRUqTWBaP0bZv0YWckzDEQKYvfKYrTxnz1Tsq6O9i9wyiXwl/cwwtjmTp00 BTbeca9pO47/vbV679WmrA== 0000936392-97-001188.txt : 19970912 0000936392-97-001188.hdr.sgml : 19970912 ACCESSION NUMBER: 0000936392-97-001188 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970908 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRICESMART INC CENTRAL INDEX KEY: 0001041803 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 330628530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-51523 FILM NUMBER: 97676906 BUSINESS ADDRESS: STREET 1: 4649 MORENA BLVD CITY: SAN DIEGO STATE: CA ZIP: 92117 BUSINESS PHONE: 6195814530 MAIL ADDRESS: STREET 1: 4649 MORENA BLVD CITY: SAN DIEGO STATE: CA ZIP: 92117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PRICE FAMILY CHARITABLE FUND CENTRAL INDEX KEY: 0001030744 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 953842468 STATE OF INCORPORATION: CA FISCAL YEAR END: 0330 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 7979 IVANHOE AVE STREET 2: SUITE 520 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: 6195512345 MAIL ADDRESS: STREET 1: 7979 IVANHOE AVE STREET 2: STE 520 CITY: LA JOLLA STATE: CA ZIP: 92037 SC 13D 1 SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* PriceSmart, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 741511109 ------------------------------------------------------- (CUSIP Number) Daniel L. Brockman 4649 Morena Blvd., San Diego, CA 92117 (619) 581-4530 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 29, 1997 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the 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 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). (Continued on following pages) (Page 1 of 4 pages) 2 SCHEDULE 13D CUSIP NO. 741511109 PAGE 2 OF 4 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Price Family Charitable Fund 95 3842468 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [*] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION San Diego, California - USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 625,125 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 625,125 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 625,125 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 625,125 divided by 5,884,169 = 10.6 % - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 3 1. SECURITY AND ISSUER PriceSmart, Inc. Common Stock Daniel L. Brockman, Senior V.P. - Finance, Chief Accounting Officer 4649 Morena Blvd. San Diego, CA 92117 2. IDENTITY AND BACKGROUND a) The Price Family Charitable Fund b) 7979 Ivanhoe Avenue, Suite 520 La Jolla, CA 92037 c) Private Foundation d) None e) None f) Private Foundation in United States 3. SOURCE AND AMOUNT OF FUNDS No funds were used in connection with the acquisition of securities subject to this Schedule. See Item 4 for additional information. 4. PURPOSE OF TRANSACTION Pursuant to a Distribution Agreement, dated as of August 26, 1997 (the "Distribution Agreement"), between Price Enterprises, Inc., a Delaware corporation ("PEI"), and PriceSmart, all of the issued and outstanding shares of PriceSmart Common Stock were distributed (the "Distribution") on August 29, 1997 to the holders of common stock, $.0001 par value per share, of PEI (the "PEI Common Stock"). Pursuant to the Distribution, each PEI stockholder received one share of PriceSmart Common Stock for every four shares of PEI Common Stock held by such person on August 15, 1997. No consideration was paid by The Price Family Charitable Fund (the "Fund") in connection with its acquisition pursuant to the Distribution of the shares of the PriceSmart Common Stock subject to this Schedule. The purpose of the acquisition of PriceSmart common stock through the Distribution was for investment purposes only. 5. INTEREST IN SECURITIES OF THE ISSUER a) The aggregate number of shares beneficially owned (625,125 or 10.6%) is held as follows. - 625,125 shares by The Price Family Charitable Fund b) The power to vote and the power to dispose of such shares is as follows: Sole power to vote or direct the vote: 625,125 Sole power to dispose or direct the disposition 625,125 4 c) On August 29, 1997, the Fund acquired 625,125 shares of PriceSmart Common Stock pursuant to the Distribution. d) N/A e) N/A 6. CONTRACTS WITH RESPECT TO SECURITIES OF THE ISSUER N/A 7. EXHIBITS N/A The Price Family Charitable Fund (the "Fund") is a private foundation. Certain directors of the Fund beneficially own Common Stock of Price Enterprises, Inc; accordingly, in accordance with General Instruction C to Schedule 13D, the information relating to such persons and responsive to Items 2-6 is set forth below. The directors of the fund are Sol Price, Robert Price, Jim Cahill, Helen Price and Allison Price. The officers of the Fund are Mr. Robert Price, Vice President and Treasurer, Mr. Sol Price, Vice President, and Mr. Joseph Satz, Secretary. Each of the foregoing individuals disclaims membership in a group with the Fund. Responses to Items 2-6 for Mr. Sol Price, Mr. Robert Price, Mr. Cahill and Mr. Joseph Satz are set forth below: Mr. Sol Price and Ms. Helen Price Mr. Sol Price files a separate Schedule 13D. Ms. Helen Price is married to Mr. Sol Price. Mr. Robert Price and Ms. Allison Price Mr. Robert Price files a separate Schedule 13D. Ms. Allison Price is married to Mr. Robert Price. Mr. Cahill 2. IDENTITY AND BACKGROUND a) Jim Cahill b) 7979 Ivanhoe Avenue, Suite 520, La Jolla, CA 92037 c) Executive Vice President, Price Entities d) None e) None f) U.S. Citizen 3. SOURCE AND AMOUNT OF FUNDS: N/A 4. PURPOSE OF TRANSACTION: N/A 5. INTEREST IN SECURITIES OF THE ISSUER: Sole Voting Power: 3,875 Shared Voting Power: 58,030 (As Co-Trustee) 625,125 (As a director of the Fund) Sole Dispositive Power: 3,875 Shared Dispositive Power: 58,030 (As Co-Trustee) 625,125 (As a director of the Fund) 6. CONTRACTS WITH RESPECT TO SECURITIES OF THE ISSUER: N/A Mr. Satz 2. IDENTITY AND BACKGROUND a) Joseph Satz b) 7979 Ivanhoe Avenue, Suite 520, La Jolla, CA 92037 c) General Counsel, Price Enterprises, Inc., 4649 Morena Blvd., San Diego, CA 92117 d) None e) None f) U.S. Citizen 3. SOURCE AND AMOUNT OF FUNDS: N/A 4. PURPOSE OF TRANSACTION: N/A 5. INTEREST IN SECURITIES OF THE ISSUER: N/A 6. CONTRACTS WITH RESPECT TO SECURITIES OF THE ISSUER: N/A After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. September 5, 1997 /s/ Sol Price - ---------------------------------- ------------------------------------------- DATE Sol Price - Vice President Price Family Charitable Fund -----END PRIVACY-ENHANCED MESSAGE-----