SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
EHL Holdings LLC

(Last) (First) (Middle)
220 S. MORRIS STREET
BOX 8

(Street)
OXFORD MD 21654

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
57th Street General Acquisition Corp [ CRMB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2011
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 06/22/2011 M 641,394 A (1)(2)(3) 641,394 D
Series A Voting Preferred Stock, par value $.0001 06/22/2011 D 64,139.4 D (1)(2)(3) 190,124.9 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
New Crumbs Class B Exchangeable Units (4) 06/22/2011 M 641,394 (5) (6) Common Stock 641,394 (1)(2)(3) 1,901,249 D
Explanation of Responses:
1. 57th Street General Acquisition Corp. (the "Issuer") and Crumbs Holdings LLC ("Crumbs") consummated a merger transaction on May 5, 2011, pursuant to a Business Combination Agreement between the Issuer, 57th Street Merger Sub LLC, a subsidiary of the Issuer, and Crumbs dated January 9, 2011, as amended. As consideration for consummating the merger transaction, the Issuer issued to EHL Holdings LLC ("EHL") 254,264.3 shares of Series A Voting Preferred Stock (the "Preferred Stock") and a subsidiary of the Issuer issued to EHL 2,542,643 New Crumbs Class B Exchangeable Units (the "Class B Units"), each of which is exchangeable for one share of the Issuer's common stock. (cont'd onto next Footnote)
2. (cont'd from previous Footnote) Subsequently, on June 22, 2011, 64,139.4 shares of Preferred Stock were automatically redeemed by the Issuer in connection with the exchange of 641,394 Class B Units for 641,394 shares of the Issuer's common stock by EHL, pursuant to the Exchange and Support Agreement ("Exchange and Support Agreement") among the Issuer, Crumbs and the Members of Crumbs dated May 5, 2011, entered into in connection with the merger transaction. Furthermore, upon the occurrence of certain contingent events outside the control of EHL, the Issuer will issue to EHL additional consideration up to an additional 214,499.7 shares of Preferred Stock and up to an additional 2,144,997 Class B Units. Edwin Lewis is the Chairman and sole member of EHL. By virtue of the foregoing, Edwin Lewis may be deemed to share the voting power and the power to direct the disposition of the 190,124.9 shares of Preferred Stock and the 1,901,249 Class B Units held by EHL. (cont'd onto next Footnote)
3. Edwin Lewis is filing a Form 4 separately.
4. Each of the Class B Units are initially exchangeable for one share of common stock of the Issuer without additional consideration, subject to the Exchange and Support Agreement.
5. The Class B Units are immediately exchangeable for one share of Issuer common stock for each Class B Unit.
6. The Class B Units do not expire.
Remarks:
Edwin Lewis serves on the Board of Directors of the Issuer. As a result of its relationship with a director of the Issuer, EHL has been recognized by the Board of Directors of the Issuer as a director by deputization of the Issuer and the Board of Directors of the Issuer specifically approved the issuance of the securities to which this report relates before such securities were issued.
/s/ Edwin Lewis 07/12/2011
** 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 4 (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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