-----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, Dkwd9ZI7fFXmQ/MBN4RcUgv9KvpmraZgCbpGid1wgv4UVOHiWpntJbTT/C8tuWuB PB7yL84sNuwHT4xNy6d9FQ== /in/edgar/work/0000950144-00-008743/0000950144-00-008743.txt : 20000717 0000950144-00-008743.hdr.sgml : 20000717 ACCESSION NUMBER: 0000950144-00-008743 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000714 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRICESMART INC CENTRAL INDEX KEY: 0001041803 STANDARD INDUSTRIAL CLASSIFICATION: [5900 ] IRS NUMBER: 330628530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-51523 FILM NUMBER: 672867 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: PSC SA CENTRAL INDEX KEY: 0001118503 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 000000000 STATE OF INCORPORATION: R1 FISCAL YEAR END: 0909 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: PO BOX 0832-1384 STREET 2: WORLD TRADE CENTER CITY: PANAMA REP OF PANAMA STATE: R1 ZIP: 00000 BUSINESS PHONE: 5062226633 MAIL ADDRESS: STREET 1: BURETE ZURCHER, CALLE 1 RA AUS 9 Y 11 STREET 2: NO 959 BO AMON CITY: SAN JOSE COSTA RICA STATE: G2 ZIP: 00000 SC 13G 1 sc13g.txt PRICESMART, INC 7/7/00 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------- SCHEDULE 13G Under the Securities Exchange Act of 1934 (AMENDMENT NO. ) ---- PriceSmart, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock $0.0001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 741511109 - -------------------------------------------------------------------------------- (CUSIP Number) July 7, 2000 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ X ] Rule 13d-1(c) [ ] Rule 13d-1(d) - --------------- * 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 the disclosures provided in a prior cover page. The information required in 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). 2 CUSIP NO. 741511109 13G PAGE 2 OF 11 PAGES --------------------- ----- ----- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) PSC, S.A. --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ X ] (b) [ ] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Panama --------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF 679,500 SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY None EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH 679,500 -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER None -------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 679,500 --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] DO NOT CHECK BOX --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.89% --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* CO --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 CUSIP NO. 741511109 13G PAGE 3 OF 11 PAGES --------------------- ----- ----- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Edgar Zurcher --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ X ] (b) [ ] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Costa Rica --------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF None SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 679,500 EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH None -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 679,500 -------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 679,500 --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] DO NOT CHECK BOX --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.89% --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IN --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 CUSIP NO. 741511109 13G PAGE 4 OF 11 PAGES --------------------- ----- ----- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Mario Rapaccioli --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ X ] (b) [ ] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Nicaraguaa --------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF None SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 679,500 EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH None -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 679,500 -------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 679,500 --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] DO NOT CHECK BOX --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.89% --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IN --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 CUSIP NO. 741511109 13G PAGE 5 OF 11 PAGES --------------------- ----- ----- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) John Keith --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ X ] (b) [ ] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Costa Rica --------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF None SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 679,500 EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH None -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 679,500 -------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 679,500 --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] DO NOT CHECK BOX --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.89% --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IN --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 6 CUSIP NO. 741511109 13G PAGE 6 OF 11 PAGES --------------------- ----- ----- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Alberto Bonetti --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ X ] (b) [ ] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Dominican Republic --------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF None SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 679,500 EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH None -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 679,500 -------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 679,500 --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] DO NOT CHECK BOX --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.89% --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IN --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 7 CUSIP NO. 741511109 13G PAGE 7 OF 11 PAGES --------------------- ----- ----- [ ] ITEM 1 (A) NAME OF ISSUER: PriceSmart, Inc. (the "Issuer"). [ ] ITEM 1 (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 4649 Morena Boulevard, San Diego, California 92117 ITEM 2 (A) NAME OF PERSON FILING: The names of the persons filing this statement (the "Reporting Persons") are PSC, S.A. ("PSC"), Edgar Zurcher, Mario Rapaccioli, John Keith and Alberto Bonetti. ITEM 2 (B) ADDRESS OF PRINCIPAL OFFICE: The address of the principal office of each of the Reporting Persons is P.O. Box 0832-1384 World Trade Center, Panama, Republic of Panama. ITEM 2 (C) CITIZENSHIP: PSC is a Panama corporation. Messrs. Zurcher, Rapaccioli, Keith and Bonetti are citizens of Costa Rica, Nicaragua, Costa Rica and Dominican Republic, respectively. ITEM 2 (D) TITLE OF CLASS OF SECURITIES: This statement relates to Common Stock, $0.0001 par value of the Issuer ("Common Stock"). ITEM 2 (E) CUSIP NUMBER: 741511 10 9 ITEM 3 If this statement is filed pursuant to Rule 13d-1(b), or Rule 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). 8 CUSIP NO. 741511109 13G PAGE 8 OF 11 PAGES --------------------- ----- ----- (e) [ ] An investment advisor in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). Item 4. OWNERSHIP: (a)-(b) The Reporting Persons have been advised by the Issuer that, as of July 7, 2000, there were 6,238,264 shares of Common Stock issued and outstanding. PSC beneficially owns 679,500 shares of Common Stock (the "Shares") which represents approximately 10.89% of the Common Stock issued and outstanding as of July 7, 2000. Each of Messrs. Zurcher, Rapaccioli, Keith and Bonetti, through their relationship as director-shareholders of PSC, may be deemed to beneficially own all of such 679,500 Shares, representing approximately 10.89% of the Common Stock issued and outstanding as of July 7, 2000, since Messrs. Zurcher, Rapaccioli, Keith and Bonetti have shared power to dispose or direct the disposition of and the shared power to vote or direct the vote of the Shares. (c) PSC has sole power to dispose or direct the disposition of and the sole power to vote or direct the vote of the 679,500 Shares. Messrs. Zurcher, Rapaccioli, Keith and Bonetti have the shared power to dispose or direct the disposition of and the shared power to vote or direct the vote of the 679,500 Shares. Messrs. Zurcher, Rapaccioli, Keith and Bonetti expressly declare that the filing of this statement on Schedule 13G shall not be construed as an admission that they are, for the purposes of Section 13(d) or 13(g) of the Securities and Exchange Act of 1934, the beneficial owners of any securities covered by this statement. ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. This item is not applicable. 9 CUSIP NO. 741511109 13G PAGE 9 OF 11 PAGES --------------------- ----- ----- ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. No other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares held by the Reporting Persons. ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. This item is not applicable. ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP. See Exhibit A attached hereto. ITEM 9 NOTICE OF DISSOLUTION OF GROUP. This item is not applicable. ITEM 10 CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 10 CUSIP NO. 741511109 13G PAGE 10 OF 11 PAGES --------------------- ----- ----- SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: July 7, 2000 PSC, S.A. By: /s/ Edgar Zurcher ---------------------------- Name: Edgar Zurcher Title: President and General Manager /s/ Edgar Zurcher - -------------------------------- Edgar Zurcher /s/ Mario Rapaccioli - -------------------------------- Mario Rapaccioli /s/ John Keith - -------------------------------- John Keith /s/ Alberto Bonetti - -------------------------------- Alberto Bonetti 11 CUSIP NO. 741511109 13G PAGE 11 OF 11 PAGES --------------------- ----- ----- EXHIBIT A Agreement Relating to the Filing of Joint Statements on Schedule 13G Pursuant to Rule 13d-1(k) It is agreed among the undersigned that the Schedule 13G Statement to which this document is attached as Exhibit A is filed on behalf of each of the undersigned as provided in Rule 13d-1(k) of the General Rules and Regulations of the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. Dated: July 7, 2000 PSC, S.A. By: /s/ Edgar Zurcher ---------------------------------- Name: Edgar Zurcher Title: President and General Manager /s/ Edgar Zurcher - -------------------------------------- Edgar Zurcher /s/ Mario Rapaccioli - -------------------------------------- Mario Rapaccioli /s/ John Keith - -------------------------------------- John Keith /s/ Alberto Bonetti - -------------------------------------- Alberto Bonetti -----END PRIVACY-ENHANCED MESSAGE-----