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
KAISER GROUP HOLDINGS INC [ KGHI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/30/2005 | ||||||||||||||||||||||||||
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, par value $0.01 per share | 12/30/2005 | G | V | 400,000 | D | (1) | 352,899 | I(2) | See Footnotes(3)(4)(5)(6) |
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 |
Explanation of Responses: |
1. Not applicable to this transaction. |
2. Beneficially owned as follows: (a) 77,924 shares by Tennenbaum & Co., LLC; and (b) 274,975 shares by Michael E. Tennenbaum and Suzanne S. Tennenbaum, trustees of the Tennenbaum Living Trust. |
3. Statement for December 30, 2005 JOINT FILER INFORMATION: NAME OF JOINT FILER: Suzanne E. Tennenbaum, as a trustee of the Tennenbaum Living Trust ADDRESS: c/o Tennenbaum & Co., LLC 2951 28th Street, #1000, Santa Monica, California 90405 DESIGNATED FILER: TENNENBAUM & CO., LLC ISSUER & TICKER SYMBOL: KAISER GROUP HOLDINGS, INC. (KGHI) STATEMENT FOR December 30, 2005 MONTH/DAY/YEAR: SIGNATURE: /s/ David A. Hollander, by power of attorney ---------------------------------------- by Michael E. Tennenbaum on behalf of Suzanne S. Tennenbaum (1) (1) See Confirming Statement of Suzanne S. Tennenbaum attached hereto. |
4. Statement for December 30, 2005 By reason of Michael E. Tennenbaum?s position as managing member of Tennenbaum & Co., LLC ("TCO") and as a trustee of the Tennenbaum Living Trust (the "Living Trust"), Mr. Tennenbaum may be deemed to share the powers of voting and disposition of the securities described herein. TCO may be deemed to share the powers of voting and disposition of the securities owned of record by TCO described herein. By reason of Suzanne S. Tennenbaum?s position as a trustee of the Living Trust, Suzanne S. Tennenbaum may be deemed to share the powers of voting and disposition of the securities owned of record by the Living Trust described herein. The reporting persons disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest therein. See Joint Filer Information below. |
5. JOINT FILER INFORMATION: NAME OF JOINT FILER: Michael E. Tennenbaum ADDRESS: 2951 28th Street, #1000, Santa Monica, California 90405 DESIGNATED FILER: TENNENBAUM & CO., LLC ISSUER & TICKER SYMBOL: KAISER GROUP HOLDINGS, INC. (KGHI) STATEMENT FOR December 30, 2005 MONTH/DAY/YEAR: SIGNATURE: /s/ David A. Hollander, by power of attorney ---------------------------------------- Michael E. Tennenbaum |
6. This Statement confirms that the undersigned, Suzanne S. Tennenbaum, has authorized and designated Michael E. Tennenbaum to execute and file on the undersigned's behalf all Forms 3, 4 and 5 (including any amendments thereto) that the undersigned may be required to file with the U.S. Securities and Exchange Commission as a result of the undersigned's ownership of or transactions in securities of Kaiser Group Holdings, Inc. The authority of Michael E. Tennenbaum under this Statement shall continue until the undersigned is no longer required to file Forms 3, 4 or 5 with regard to her ownership of or transactions in securities of Kaiser Group Holdings, Inc., unless earlier revoked in writing. The undersigned acknowledges that Michael E. Tennenbaum is not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended. Dated: January 29, 2003 /s/ Suzanne S. Tennenbaum Suzanne S. Tennenbaum |
Remarks: |
/s/ David A. Hollander, by power of attorney Michael E. Tennenbaum, as Managing Member of Tennenbaum & Co., LLC | 01/03/2006 | |
** 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. |