| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
AMERICAN VANTAGE COMPANIES [ AVCS.OB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/01/2007 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 06/01/2007 | S(1)(2) | 586,385 | D | $1.8 | 0 | D(1)(2) | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. On June 1, 2007, Entec Associates, Goldsprings Partners, Mulberry Associates, Knowledge Industries, LLC, Whitewell Partners LP, Greenstone Financial, Larch LLC, ET Holdings, L.L.C., ET Consolidated, L.L.C., Hampstead Associates, L.L.C., Ridgeview Associates, L.L.C., EJ Associates and Michael R. Milken contributed to Round Ridge LLC, a Delaware limited liability company ("Roung Ridge"), an aggregate of 586,385 shares and 17,342 warrants to purchase shares directly or indirectly held by them in exchange for a pro rata interest in Round Ridge. Each of such entities disclaims beneficial ownership of the shares beneficially held by Round Ridge, except to the extent of its pecuniary interest therein. Michael R. Milken and Lowell J. Milken are the managers of Round Ridge LLC and in such capacities may be deemed to have the power to direct the voting and disposition of, and to share beneficial ownership of, (continued on footnote 2) |
| 2. any shares of common stock beneficially owned or deemed to be owned by Round Ridge. The Reporting Persons may be deemed to be a group with other entities which are controlled, directly or indirectly, by Michael R. Milken and/or Lowell J. Milken. The Reporting Persons disclaim such group membership. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, or otherwise, a Reporting Person is the beneficial owner of equity securities covered by this statement that are beneficially owned, directly or indirectly, by any other person. |
| ET Holdings, L.L.C. /s/ Stanley E. Maron By: Stanley E. Maron, Secretary | 06/04/2007 | |
| ET Consolidated, L.L.C. /s/ Stanley E. Maron By: Stanley E. Maron, Secretary | 06/04/2007 | |
| Hampstead Associates, L.L.C. /s/ Stanley E. Maron By: Stanley E. Maron, Secretary | 06/04/2007 | |
| Ridgeview Associates, L.L.C. /s/ Stanley E. Maron By: Stanley E. Maron, Secretary | 06/07/2007 | |
| EJ Associates /s/ Stanley E. Maron By: Stanley E. Maron, Secretary | 06/04/2007 | |
| ** 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). | ||
| 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. | ||