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
SPORT SUPPLY GROUP, INC. [ RBI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/20/2007 | ||||||||||||||||||||||||||
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 | 12/20/2007 | P | 42,000 | A | $9.2446 | 1,395,071(1) | I | See Footnote(2) | ||
Common Stock | 12/21/2007 | P | 709,310 | A | $7 | 2,104,381(1) | I | See Footnote(2) | ||
Common Stock | 12/21/2007 | P | 40,690 | A | $7 | 184,719(1) | I | See Footnote(3) | ||
Common Stock | 12/21/2007 | P | 148,790 | A | $8.7008 | 2,253,171(1) | I | See Footnote(2) | ||
Common Stock | 12/21/2007 | P | 14,210 | A | $8.7008 | 198,929(1) | I | See Footnote(3) | ||
Common Stock | 12/24/2007 | P | 460 | A | $7.5 | 2,253,631(1) | I | See Footnote(2) | ||
Common Stock | 12/24/2007 | P | 40 | A | $7.5 | 198,969(1) | I | See Footnote(3) |
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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Explanation of Responses: |
1. The filing of this Form 4 shall not be construed as an admission that Double Black Diamond Offshore LDC, Carlson Capital, L.P., Asgard Investment Corp, or Clint D. Carlson (the "Reporting Persons") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of common stock, $.01 par value per share (the "Common Stock"), of Sport Supply Group, Inc. (the "Issuer") owned by Double Black Diamond Offshore LDC, a Cayman Islands exempted company, and Black Diamond Offshore Ltd., a Cayman Islands exempted company, or their affiliates. Pursuant to Rule 16a-1, the Reporting Persons disclaim such beneficial ownership except to the extent of their respective pecuniary interests. |
2. Carlson Capital, L.P. holds indirectly 2,253,631 shares of Common Stock on behalf of Double Black Diamond Offshore LDC, of which Carlson Capital, L.P. is the investment manager and receives an asset based fee and an annual fee based on the appreciation of Double Black Diamond Offshore LDC. Asgard Investment Corp. reports the shares indirectly held by Carlson Capital, L.P. because, as the general partner of Carlson Capital, L.P. at the time of purchase, it controlled the voting and disposition of the securities. Clint D. Carlson reports the shares indirectly held by Asgard Investment Corp. because, as the president of Asgard Investment Corp. at the time of purchase, he controlled the voting and disposition of the securities. |
3. Carlson Capital, L.P. holds indirectly 198,969 shares of Common Stock on behalf of Black Diamond Offshore Ltd., of which Carlson Capital, L.P. is the investment manager and receives an asset based fee and an annual fee based on the appreciation of Black Diamond Offshore Ltd. Asgard Investment Corp. reports the shares indirectly held by Carlson Capital, L.P. because, as the general partner of Carlson Capital, L.P. at the time of purchase, it controlled the voting and disposition of the securities. Clint D. Carlson reports the shares indirectly held by Asgard Investment Corp. because, as the president of Asgard Investment Corp. at the time of purchase, he controlled the voting and disposition of the securities. |
/s/ Clint D. Carlson, president of Asgard Investment Corp., general partner of Carlson Capital, L.P. | 12/26/2007 | |
/s/ Clint D. Carlson, president of Asgard Investment Corp. | 12/26/2007 | |
/s/ Clint D. Carlson | 12/26/2007 | |
/s/ Clint D. Carlson, president of Asgard Investment Corp., general partner of Carlson Capital, L.P., the investment manager of Double Black Diamond Offshore LDC | 12/26/2007 | |
** 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. |