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
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
KAPLAN BETH J

(Last) (First) (Middle)
GNC HOLDINGS, INC.
300 SIXTH AVENUE

(Street)
PITTSBURGH PA 15222

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2011
3. Issuer Name and Ticker or Trading Symbol
GNC ACQUISITION HOLDINGS INC. [ GNC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CMMO
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)
Class A common stock, par value $0.001 ("Common Stock") 318,693(1) I By Axcel Partners III, LLC ("Axcel Partners")(1)
Series A preferred stock, par value $0.001 128,861(1) I By Axcel Partners(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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)(2) (2) 01/02/2018 Common Stock 875,000(2) $6.93 D
Stock Option (right to buy)(3) (3) 01/02/2018 Common Stock 875,000(3) $10.39 D
Explanation of Responses:
1. Ms. Kaplan is a member of Axcel Managers LLC, the managing member of Axcel Partners, and of SK Limited Partnership, a member of Axcel Partners. Ms. Kaplan disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein, and this Form 3 shall not be deemed an admission that Ms. Kaplan is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
2. Ms. Kaplan was granted an option to purchase 875,000 shares of Common Stock at the grant price of $6.93 per share on January 2, 2008, of which 612,500 shares are currently vested and exercisable, with the remaining 262,500 shares vesting on January 2, 2012.
3. Ms. Kaplan was granted an option to purchase 875,000 shares of Common Stock at the grant price of $10.39 per share on January 2, 2008, of which 612,500 shares are currently vested and exercisable, with the remaining 262,500 shares vesting on January 2, 2012.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Gerald J. Stubenhofer, Jr., by power of attorney 03/31/2011
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.