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
GALAXY NUTRITIONAL FOODS INC [ GXYF ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/01/2009 | ||||||||||||||||||||||||||
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 | 05/01/2009 | P | 9,055,812 | A | $0.36 | 23,426,540 | D(1) | |||
Common Stock | 05/05/2009 | P | 111,604 | A | $0.36 | 23,538,144 | D(2) |
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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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. 559,608 of these shares are held by Mill Road Capital, L.P. (the "Fund"), 9,055,812 of these shares are held by Andromeda Acquisition Corp. ("Purchaser"), and 13,811,120 of these shares are held by Galaxy Partners L.L.C. Mill Road Capital GP LLC (the "GP") is the sole general partner of the Fund, Thomas Lynch, Charles Goldman and Scott Scharfman are the Management Committee Directors of the GP, the Fund is the sole member of MW1 LLC, which is the sole shareholder of Purchaser, and all of the foregoing persons are members of a 13(d) group owning more than 10%. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any. |
2. 559,608 of these shares are held by the Fund, 9,167,416 of these shares are held by Purchaser, and 13,811,120 of these shares are held by Galaxy Partners L.L.C. The GP is the sole general partner of the Fund, Thomas Lynch, Charles Goldman and Scott Scharfman are the Management Committee Directors of the GP, the Fund is the sole member of MW1 LLC, which is the sole shareholder of Purchaser, and all of the foregoing persons are members of a 13(d) group owning more than 10%. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any. |
Remarks: |
Each of the Reporting Persons is also a member of a 13(d) group owning more than 10%. |
/s/ Charles M. B. Goldman, Management Committee Director of sole general partner on behalf of Mill Road Capital, L.P. | 05/05/2009 | |
/s/ Charles M. B. Goldman, Management Committee Director on behalf of Mill Road Capital GP LLC | 05/05/2009 | |
/s/ Charles M. B. Goldman on behalf of Thomas E. Lynch, by power-of-attorney | 05/05/2009 | |
/s/ Charles M. B. Goldman | 05/05/2009 | |
/s/ Charles M. B. Goldman on behalf of Scott P. Scharfman, by power-of-attorney | 05/05/2009 | |
/s/ Justin Jacobs, President on behalf of Andromeda Acquisition Corp. | 05/05/2009 | |
/s/ Charles M. B. Goldman, Management Committee Director of sole general partner of sole member on behalf of MW1 LLC | 05/05/2009 | |
** 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. |