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*
Labrador Mar F

(Last) (First) (Middle)
C/O HORIZON LINES, INC.
4064 COLONY ROAD, SUITE 200

(Street)
CHARLOTTE NC 28211

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/07/2006
3. Issuer Name and Ticker or Trading Symbol
Horizon Lines, Inc. [ HRZ ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP and Gen'l Mgr, Hawaii/Guam
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, par value $.01 per share 37,856 I See Footnote(1)(2)
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
Employee Stock Option (right to buy) 09/27/2008 09/27/2015 Common Stock, par value $.01 per share 5,000 $10 D(3)
Employee Stock Option (right to buy) 09/27/2006 09/27/2015 Common Stock, par value $.01 per share 1,312 $10 D(3)
Employee Stock Option (right to buy) 04/07/2009 04/07/2016 Common Stock, par value $.01 per share 24,000 $12.54 D(3)
Explanation of Responses:
1. The shares of Common Stock, par value $.01 per share (the "Issuer Common Stock"), of the Issuer reported in this table (the "Issuer Shares") are held of record by John K. Castle, as Voting Trustee pursuant to the Amended and Restated Voting Trust Agreement, dated as of October 15, 2004 (the "Voting Trust Agreement"), among the Issuer, Mr. Castle, as Voting Trustee, the Reporting Person and the other parties thereon, in trust for the Reporting Person.
2. The Issuer Shares are subject to (i) the Voting Trust Agreement, whereby the Reporting Person has agreed that Mr. Castle shall act as Voting Trustee for all of the Issuer Shares and (ii) an Amended and Restated Stockholders Agreement, dated as of September 20, 2005, among the Issuer, Castle Harlan Partners IV, L.P. ("CHP IV"), the Reporting Person and the other parties thereto (the "Stockholders Agreement"), pursuant to which CHP IV may require the disposition of the Issuer Shares under certain circumstances.
3. The shares of Issuer Common Stock acquired upon the exercise of their options will be subject to the Voting Trust Agreement and the Stockholders Agreement.
/s/ Mar Labrador 04/07/2006
** 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.
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