-----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, Fo+14kss2RTNr0p36P2HzQe5ZaLUPP8f+X2C9ZNPlKaIiqx3wNVaErBBQbeiUTgm /2qb+gurkGeEgfN5BEh5vQ== 0001116502-04-001278.txt : 20040513 0001116502-04-001278.hdr.sgml : 20040513 20040513113937 ACCESSION NUMBER: 0001116502-04-001278 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20040513 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COLEMAN CLARENCE B CENTRAL INDEX KEY: 0001097980 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2401 MERCED STREET STREET 2: SUITE 300 CITY: SAN LEANDRO STATE: CA ZIP: 94577 BUSINESS PHONE: 5106145555 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FOG CUTTER CAPITAL GROUP INC CENTRAL INDEX KEY: 0001048566 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 522081138 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54067 FILM NUMBER: 04801582 BUSINESS ADDRESS: STREET 1: 1631 SW COLUMBIA STREET CITY: PORTLAND STATE: OR ZIP: 97201 BUSINESS PHONE: 5037216500 MAIL ADDRESS: STREET 1: 1310 S W 17TH ST CITY: PORTLAND STATE: OR ZIP: 97201 FORMER COMPANY: FORMER CONFORMED NAME: WILSHIRE REAL ESTATE INVESTMENT TRUST INC DATE OF NAME CHANGE: 19971027 SC 13D/A 1 coleman-sc13da.txt AMENDED SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* Fog Cutter Capital Group Inc. ------------------------------ (Name of Issuer) Common Stock, par value $.0001 per share ------------------------------------------- (Title of Class of Securities) 971892104 ---------- (CUSIP Number) Clarence B. Coleman 2401 Merced Street, Suite 300 San Leandre, CA 94577 (510) 614-5555 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 28, 2004 . ---------------- (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(e), 13d-1(f) or 13d-1(g), check the following box [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Page 1of 8 pages) - --------------------- *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 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). SCHEDULE 13D - ------------------------------- ------------------------------ CUSIP NO. 971892104 PAGE 2 OF 8 PAGES - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Clarence B. Coleman - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - ---------- --------------------------------------------------------------------- 5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ---------- --------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY EACH ---------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 423,189 ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 423,189 - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 423,189 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT* SCHEDULE 13D - ------------------------------- ------------------------------ CUSIP NO. 971892104 PAGE 3 OF 8 PAGES - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Joan F. Coleman - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - ---------- --------------------------------------------------------------------- 5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ---------- --------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY EACH ---------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 423,189 ---------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 423,189 - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 423,189 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT* SCHEDULE 13D - ------------------------------- ------------------------------ CUSIP NO. 971892104 PAGE 4 OF 8 PAGES - ---------- --------------------------------------------------------------------- Clarence B. Coleman and Joan F. Coleman (the "Reporting Persons") hereby file this Amendment No. 3 (the "Statement") to amend and supplement the statement on Amendment No. 2 to Schedule 13D dated November 6, 2003 and filed on March 10, 2004. As of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities being reported. ITEM 1. SECURITY AND ISSUER - --------------------------- Fog Cutter Capital Group Inc. Common Stock ($.0001 Par Value) (the "Common Stock") Fog Cutter Capital Group Inc. 1410 SW Jefferson Portland, OR 97201 ITEM 2. IDENTITY AND BACKGROUND - ------------------------------- This Statement is being filed by the Reporting Persons, both citizens of the United States. The Reporting Persons are husband and wife. The Reporting Persons are sophisticated investors. Mr. Coleman has more than 50 years of investing experience. Mr. Coleman is a private investor and Mrs. Coleman is a housewife. The business and mailing address of each of the Reporting Persons is 2401 Merced Street, Suite 300, San Leandre, CA 94577. Neither of the Reporting Persons has, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). Neither of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violations with respect to such laws. Information with respect to each of the Reporting Persons is given solely by such Reporting Person and neither Reporting Person has responsibility for the accuracy or completeness of information supplied by the other Reporting Person. SCHEDULE 13D - ------------------------------- ------------------------------ CUSIP NO. 971892104 PAGE 5 OF 8 PAGES - ---------- --------------------------------------------------------------------- ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION - --------------------------------------------------------- Not applicable. ITEM 4. PURPOSE THE TRANSACTION. - -------------------------------- Based on factors they deem relevant, the Reporting Persons may continue to dispose of (or acquire) additional shares of Common Stock in public or private transactions, except with respect to 100,000 shares which are required to be retained until March, 2005 pursuant to an agreement by and between Mr. Coleman and Andrew A. Weiderhorn, a copy of which is attached hereto as Exhibit 2. Other than as described above, neither of the Reporting Persons has any present plans or proposals which would relate to or would result in any of the matters referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. - --------------------------------------------- (a) As of the date of this Amendment, the Reporting Persons are the beneficial owners of an aggregate of 423,189 shares of Common Stock representing 4.9% of the total class outstanding. (b) The Reporting Persons share voting and dispositive power with respect to the 423,189 shares of the Common Stock owned by them as of the date of the filing of this Amendment. (c) Set forth below is certain information concerning all transactions in the Common Stock in which the Reporting Persons have engaged during the 60 days preceding the date of event requiring the filing of this Amendment and through the date of the filing of this Amendment. These shares were sold to the Issuer in a private transaction: Transaction Date Number of Shares Sold Price Per Share - ---------------- --------------------- --------------- April 28, 2004 400,000 $5.40 SCHEDULE 13D - ------------------------------- ------------------------------ CUSIP NO. 971892104 PAGE 6 OF 8 PAGES - ---------- --------------------------------------------------------------------- ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO - -------------------------------------------------------------------------------- SECURITIES OF THE ISSUER. - ------------------------- On April 30, 2004, Mr. Coleman entered into an agreement with Andrew A. Weiderhorn pursuant to which Mr. Coleman agreed not to sell 100,000 shares of the common stock of the Issuer until at least March 1, 2005. A copy of the agreement is attached to this Schedule 13D Amendment No. 3 as Exhibit No. 2. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. - ----------------------------------------- Exhibit No. 1 Joint Filing Agreement Exhibit No. 2 Agreement SCHEDULE 13D - ------------------------------- ------------------------------ CUSIP NO. 971892104 PAGE 7 OF 8 PAGES - ---------- --------------------------------------------------------------------- Signature The Power of Attorney appointing Clarence B. Coleman as attorney-in-fact and agent of Joan F. Coleman is incorporated by reference from the Schedule 13D filed by Mr. and Mrs. Coleman on November 1, 1999. 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. May 5, 2004 ---------------------------- (Date) /s/ Clarence B. Coleman ---------------------------- (Signature) Clarence B. Coleman ---------------------------- (Name/Title) May 5, 2004 ---------------------------- (Date) /s/ Clarence B. Coleman ----------------------------- (Signature) Clarence B. Coleman, Attorney-in-Fact And Agent of Joan F. Coleman ---------------------------- (Name/Title) EX-1 2 jointfiling-exh1.txt JOINT FILING AGREEMENT - ------------------------------- ------------------------------ CUSIP NO. 971892104 PAGE 8 OF 8 PAGES - ---------- --------------------------------------------------------------------- SCHEDULE 13D/A Exhibit No. 1 ------------- JOINT FILING AGREEMENT ---------------------- Each of the undersigned hereby agrees that the Schedule 13D/A, to which this Agreement is attached as Exhibit 1, and all amendments thereto may be filed on behalf of each such persons. Dated: May 5, 2004 /s/ Clarence B. Coleman ----------------------------------- Clarence B. Coleman Dated: May 5, 2004 /s/ Clarence B. Coleman ------------------------------------ Clarence B. Coleman, Attorney-in-Fact and Agent of Joan F. Coleman EX-2 3 ownershipagrmnt-exh2.txt OWNERSHIP AGREEMENT EXHIBIT NO. 2 ------------- Andrew A. Weiderhorn c/o Fog Cutter Capital Group, Inc. 1410 SW Jefferson Street Portland, Oregon 97201 April 30, 2004 VIA FACSIMILE: (510) 614-5566 AND ELECTRONIC MAIL Mr. Clarence B. Coleman C/O CCKX, Inc. 2401 Merced Street San Leandro, California 94577 Re: Agreement - 100,000 Shares of FCCG ---------------------------------- Dear Bud: You hereby agree to retain ownership of 100,000 shares (the "Retained Shares") of your existing shares of the common stock of Fog Cutter Capital Group Inc. (the "Company") until at least March 1, 2005; provided, however that you may make transfers of the Retained Shares by gift to your spouse or lineal descendants, to any trust for your benefit or the benefit of your spouse and/or lineal descendants, or to your personal representative upon your death for purposes of administration of your estate; provided further that any such transferee shall, prior to such transfer, consent in writing to be bound by this agreement. Your remaining shares of the Company net of (excluding) the Retained Shares can be sold at any time by you. You may put Retained Shares to me individually on any business day in March 2005, for a sale by you and purchase by me at a price of $5.40 per share in cash. You agree to give me written notice of your intention to exercise this put option at least 30-days prior to the closing date which shall be specified in the notice (which shall not occur prior to March 1, 2005, nor later than March 31, 2005) of the put of the Retained Shares, to the address indicated on this letter and by fax to 503-553-7464 with copy to R. Scott Stevenson at Fog Cutter Capital Group at 1410 SW Jefferson Street, Portland, Oregon 97201. Upon your exercise of the put, I will be required to consummate the purchase of the number of Retained Shares set forth in your notice to me, by delivery to you of immediately available funds equal to $5.40 per share on the closing date set forth in the notice. You will continue to be the beneficial owner of the Retained Shares until such times as they are put to me or sold by you in your discretion. This agreement will expire on March 2, 2005, unless you have delivered the written notice of your intention to exercise the put on or prior to March 1, 2005. On or after March 2, 2005, you may sell the Retained Shares referred to above or keep them as you decide in your sole and absolute discretion, if you have not exercised your put option as discussed. You agree that this agreement may be assigned by me to Fog Cutter Capital Group, Inc. at any time. Very truly yours, /s/ Andrew A. Wiederhorn ------------------------ Andrew A. Wiederhorn Agreed and Accepted: /s/ C.B. Coleman - -------------------- C.B. Coleman -----END PRIVACY-ENHANCED MESSAGE-----