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
SELECT COMFORT CORP [ scss ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/07/2003 | ||||||||||||||||||||||||||
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 | 08/07/2003 | S | 947,193 | D | $18 | 1,415,976 | D(5) | |||
Common Stock | 08/11/2003 | X | 65,043 | A | $3.21 | 1,481,019 | D(5) | |||
Common Stock | 08/11/2003 | S | 9,985 | D | $20.911 | 1,471,034 | D(5) | |||
Common Stock | 08/07/2003 | S | 64,350 | D | $18 | 85,048 | I | see footnote(1)(5) | ||
Common Stock | 08/07/2003 | S | 352,966 | D | $18 | 390,081 | I | see footnote(2)(5) | ||
Common Stock | 08/07/2003 | S | 1,093,355 | D | $18 | 96,199 | I | see footnote(3)(5) | ||
Common Stock | 37,900 | I | see footnote(4) |
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 | ||||||||
Warrant (Right to Buy) | $3.21 | 08/11/2003 | X | 65,043 | 11/04/1996 | 10/31/2006 | Common Stock | 65,043 | $0 | 0 | D(5) |
Explanation of Responses: |
1. Owned directly by St. Paul Venture Capital IV, LLC ("SPVC IV"). The reporting person owns 99% of the membership interests of SPVC IV and has appointed a majority of the members of the board of directors of SPVC IV, and may therefore be deemed to be the beneficial owner of such shares. |
2. Owned directly by St. Paul Venture Capital V, LLC ("SPVC V"). The reporting person owns 99% of the membership interests of SPVC V and has appointed a majority of the members of the board of directors of SPVC V, and may therefore be deemed to be the beneficial owner of the shares. |
3. Owned directly by St. Paul Venture Capital VI, LLC ("SPVC VI"). The reporting person owns 99% of the membership interests of SPVC VI and has appointed a majority of the members of the board of directors of SPVC VI, and may therefore be deemed to be the beneficial owner of the shares. |
4. Owned directly by Symmetry Growth Capital, LLC ("Symmetry"). The reporting person owns 99% of the membership interests of Symmetry, and may therefore be deemed to be the beneficial owner of the shares. |
5. St. Paul Venture Capital, Inc. is affiliated with and the manager of SPVC IV, SPVC V and SPVC VI. In addition, St. Paul Venture Capital, Inc. has been delegated as manager of the shares held directly by the reporting person. The reporting person has appointed a majority of the members of the board of directors of St. Paul Venture Capital, Inc. |
/s/ Steven L.P. Schwen | 08/11/2003 | |
** 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. |