SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/

(Last)

(First)

(Middle)

COMMERCE CT WEST

199 BAY STREET

(Street)

TORONTO ONTARIO

M5L 1A2

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/31/2003

3. Issuer Name and Ticker or Trading Symbol
SAMSONITE CORP/FL [ SAMC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	63,888,430	I	Held by Subsidiary⁽¹⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
2003 Convertible Preferred Stock	08/08/1988⁽²⁾	08/08/1988⁽²⁾	Common Stock	59,450,000⁽³⁾⁽⁴⁾	$0.42	I	Held by Subsidiary⁽¹⁾

Explanation of Responses:

1. These shares are owned directly by Canadian Imperial Holdings Inc. ("CIHI"), an indirect wholly owned subsidiary of Canadian Imperial Bank of Commerce. Accordingly, securities owned by CIHI may be regarded as being owned beneficially by the Canadian Imperial Bank of Commerce.

2. Shares of 2003 Convertible Preferred Stock are convertible into shares of common stock from the date of issuance, July 31, 2003, and any time thereafter.

3. CIHI is the beneficial owner of 24,969 shares of 2003 Convertible Preferred Stock. The number of shares of Common Stock issuable upon conversion of the 2003 Convertible Preferred Stock will be equal to the quotient obtained by dividing (i) the sum of the Liquidation Value plus all accrued but unpaid dividends thereon by (y) the Conversion Price then in effect. "Liquidation Value" and "Conversion Price" have the meanings set forth in the Certificate of Designation of the Powers, Preferences and Relative, Participating, Optional and Other Special Rights of 2003 Convertible Preferred Stock and Qualifications, Limitations and Restrictions Thereof (the "Certificate of Designation").

4. On July 31, 2003, the issue date, the Liquidation Value of each share of 2003 Convertible Preferred Stock was $1,000 and the Conversion Price was $0.42 and the amount of Common Stock underlying the securities reported in Table II above was 59,450,000 shares. The Conversion Price and the number of shares issuable upon conversion of the Preferred Stock will be subject to adjustment upon the occurrence of certain events as set forth in the Certificate of Designation.

	/s/ Ken Kilgour, Executive Vice President of CIBC	08/19/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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