Pike Electric Corporation/J. Eric Pike

0000950144-06-001178.txt : 20060214 0000950144-06-001178.hdr.sgml : 20060214 20060214160249 ACCESSION NUMBER: 0000950144-06-001178 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 GROUP MEMBERS: JOE B./ANNE A. PIKE GENERATION SKIPPING TRUST GROUP MEMBERS: TAKUAN, LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Pike J Eric CENTRAL INDEX KEY: 0001332106 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: BUSINESS PHONE: 336-789-2171 MAIL ADDRESS: STREET 1: PIKE ELECTRIC CORPORATION STREET 2: 100 PIKE WAY CITY: MOUNT AIRY STATE: NC ZIP: 27030 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Pike Electric CORP CENTRAL INDEX KEY: 0001317577 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL WORK [1731] IRS NUMBER: 203112047 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81570 FILM NUMBER: 06614906 BUSINESS ADDRESS: STREET 1: 100 PIKE WAY CITY: MOUNT AIRY STATE: NC ZIP: 27030 BUSINESS PHONE: (336) 789-2171 MAIL ADDRESS: STREET 1: 100 PIKE WAY CITY: MOUNT AIRY STATE: NC ZIP: 27030 FORMER COMPANY: FORMER CONFORMED NAME: Pike Holdings, Inc. DATE OF NAME CHANGE: 20050214 SC 13G 1 g99614sc13g.htm PIKE ELECTRIC CORPORATION/J. ERIC PIKE Pike Electric Corporation/J. Eric Pike


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. ___)*

PIKE ELECTRIC CORPORATION

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

721283109

(CUSIP Number)

December 31, 2005

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

o Rule 13d-1(c)

þ 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).

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 control number.


CUSIP No.		721283109		Page		2		of		10


1	NAMES OF REPORTING PERSONS: J. Eric Pike

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) o

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	United States

		5	SOLE VOTING POWER:

NUMBER OF			615,282

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			1,616,720

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			615,282

WITH:		8	SHARED DISPOSITIVE POWER:

			1,616,720

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	2,232,002

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	6.9%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	IN


CUSIP No.		721283109		Page		3		of		10


1	NAMES OF REPORTING PERSONS: Takuan, LLC

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) o

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	North Carolina

		5	SOLE VOTING POWER:

NUMBER OF			0

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			1,549,253

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER:

			1,549,253

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	1,549,253

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	4.8%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	OO


CUSIP No.		721283109		Page		4		of		10


1	NAMES OF REPORTING PERSONS: Joe B./Anne A. Pike Generation Skipping Trust

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) o

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	N/A

		5	SOLE VOTING POWER:

NUMBER OF			0

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			67,467

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER:

			67,467

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	67,467

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	0.2%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	OO


Item 1(a).		Name of Issuer:

		Pike Electric Corporation (“Pike Electric”)

Item 1(b).		Address of Issuer’s Principal Executive Offices:

		100 Pike Way Mount Airy, NC 27030

Item 2(a).		Name of Person Filing:

This statement on Schedule 13G is being filed jointly by (1) J. Eric Pike, a citizen of the United States of America (“Mr. Pike”), (2) Takuan, LLC, a North Carolina limited liability company (“Takuan”) and (3) Joe B./Anne A. Pike Generation Skipping Trust (“Trust”). The persons described in items (1) through (3) are referred to herein as the “Reporting Persons.”


Item 2(b).		Address of Principal Business Office or, if None, Residence:

Mr. Pike has his principal business office at 100 Pike Way, Mount Airy, NC 27030. Takuan and the Trust have their principal business offices at 4155 Winding Oaks Trail, Lewisville, NC 27023.


Item 2(c).		Citizenship:

Mr. Pike is a citizen of the United States. Takuan is a limited liability company organized under the laws of the State of North Carolina.


Item 2(d).		Title of Class of Securities:

		Common Stock

Item 2(e).		CUSIP Number:

		721283109

Item 3.		If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

	(a)		[ ] Broker or dealer registered under Section 15 of the Exchange Act.

	(b)		[ ] Bank as defined in Section 3(a)(6) of the Exchange Act.

	(c)		[ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act.

	(d)		[ ] Investment company registered under Section 8 of the Investment Company Act.

	(e)		[ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

Page 5 of 10 Pages

	(f)		[ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

	(g)		[ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).

	(h)		[ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

	(i)		[ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.

	(j)		[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If this statement is filed pursuant to Rule 13d-1(c), check this box. [ ]


Item 4		Ownership:

(a) Amount beneficially owned:

The Reporting Persons beneficially own 2,232,002 shares of Common Stock of Pike Electric.

(b) Percent of class:

Based upon 32,010,787 shares of Common Stock outstanding as reported in Pike Electric’s Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2005, Takuan beneficially owned 4.8% of the outstanding shares of Common Stock, the Trust beneficially owned 0.2% of the outstanding shares of Common Stock and Mr. Pike beneficially owned 6.9% of the outstanding shares of Common Stock, which includes the shares of Common Stock held directly by Takuan and the Trust.

	(i)		Sole power to vote or to direct the vote:

			See the responses to Item 5 on the attached cover pages.

	(ii)		Shared power to vote or to direct the vote:

			See the responses to Item 6 on the attached cover pages.

	(iii)		Sole power to dispose or to direct the disposition of:

			See the responses to Item 7 on the attached cover pages.

	(iv)		Shared power to dispose or to direct the disposition of:

			See the responses to Item 8 on the attached cover pages.

Page 6 of 10 Pages

Mr. Pike directly holds and has sole voting and dispositive power with respect to 615,282 shares of Common Stock, which includes 464,881 shares subject to currently exercisable options. Mr. Pike may also be deemed to have shared voting and dispositive power with respect to the shares of Common Stock held directly by Takuan and the Trust.

Takuan directly holds and has voting and dispositive power with respect to 1,549,253 shares of Common Stock. Mr. Pike owns all of the outstanding equity interests in Takuan and, as a result, Mr. Pike may be deemed to have shared voting and dispositive power with regard to the 1,549,253 shares of Common Stock directly held by Takuan.

The Trust directly holds and has voting and dispositive power with respect to 67,467 shares of Common Stock. Because Mr. Pike is a trustee of the Trust, he may be deemed to have shared voting and dispositive power with regard to the 67,467 shares of Common Stock directly held by the Trust.


Item 5.		Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].


Item 6.		Ownership of More than Five Percent on Behalf of Another Person:

		Not applicable.

Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

		Not applicable.

Item 8.		Identification and Classification of Members of the Group:

		Not applicable.

Item 9.		Notice of Dissolution of Group:

		Not applicable.

Item 10.		Certification:

		Not applicable.

Page 7 of 10 Pages

SIGNATURE

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.


Dated: February 14, 2006

	/s/ J. Eric Pike

	J. Eric Pike

	TAKUAN, LLC

	By:	/s/ J. Eric Pike

		Name: J. Eric Pike Title: Manager

	JOE B./ANNE A. PIKE GENERATION SKIPPING TRUST

	By:	/s/ J. Eric Pike

		Name: J. Eric Pike Title: Trustee

Page 8 of 10 Pages

Index Exhibit

SCHEDULE 13G


Exhibit Number		Exhibit Description

99.1		Joint Filing Agreement

Page 9 of 10 Pages

EX-99.1 2 g99614exv99w1.htm EX-99.1 Ex-99.1

Exhibit 99.1

EXHIBIT 99.1 — JOINT FILING AGREEMENT

The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1). Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

In accordance with Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of to such a statement on Schedule 13G with respect to the common stock of beneficially owned by each of them. This Joint Filing Agreement shall be included as an exhibit to such Schedule 13G.


Dated: February 14, 2006

	/s/ J. Eric Pike

	J. Eric Pike

	TAKUAN, LLC

	By:	/s/ J. Eric Pike

		Name: J. Eric Pike Title: Manager

	JOE B./ANNE A. PIKE GENERATION SKIPPING TRUST

	By:	/s/ J. Eric Pike

		Name: J. Eric Pike Title: Trustee

Page 10 of 10 Pages