-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WtwYiOit7MYyp3YdAV+ycHKGnRwtzK008Faei3CIONQyWe/JQwugZRVfvxreipOs SkDQssdoJ1rThnguW/fu/Q== 0001005477-00-008315.txt : 20001207 0001005477-00-008315.hdr.sgml : 20001207 ACCESSION NUMBER: 0001005477-00-008315 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SALTON INC CENTRAL INDEX KEY: 0000878280 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] IRS NUMBER: 363777824 STATE OF INCORPORATION: DE FISCAL YEAR END: 0626 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-42085 FILM NUMBER: 783895 BUSINESS ADDRESS: STREET 1: 550 BUSINESS CENTER DR STREET 2: C/O KENSINGTON CENTER CITY: MOUNT PROSPECT STATE: IL ZIP: 60056 BUSINESS PHONE: 7088034600 MAIL ADDRESS: STREET 1: 550 BUSINESS CENTER DRIVE CITY: MT PROSPECT STATE: IL ZIP: 60056 FORMER COMPANY: FORMER CONFORMED NAME: SALTON MAXIM HOUSEWARES INC DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JC INVESTMENTS LP CENTRAL INDEX KEY: 0001129472 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 621835334 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 137 BRUCE ST STREET 2: STE 1 CITY: SEVIERVILLE STATE: TN ZIP: 37862 BUSINESS PHONE: 8654291000 MAIL ADDRESS: STREET 1: 137 BRUCE ST STREET 2: STE 1 CITY: SEVIERVILLE STATE: TN ZIP: 37862 SC 13D 1 0001.txt SCHEDULE 13D OMB APPROVAL OMB Number: 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response...14.9 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ________)* Salton, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Calls, Covered Calls, Puts, Other Options - -------------------------------------------------------------------------------- (Title of Class of Securities) 795757103 - -------------------------------------------------------------------------------- (CUSIP Number) William Koplovitz, 145 Central Park West, 24C, NYC, NY 10023, (212) 874-0466 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 27, 2000 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. |_| Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 795757103 SCHEDULE 13D Page 2 - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) J C Investments, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF/AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| n/a - none - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Tennessee - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 20,000 common/ 27,000 calls -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY (with affiliates) 606,000 common/ 36,200 calls OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 20,000 common/ 27,000 calls WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON (with affiliates) 626,100 common/ 63,200 calls - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .0511 common shares/ .0051 calls - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN (Limited) - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1. Security and Issuer Class of Equity Securities: common stock calls covered calls puts options Name of Issuer: Salton, Inc. (SFP, NYSE) Principal Executive Office: 550 Business Center Drive Mount Prospect, IL 60056 Item 2. Identity and Background Name of Entity: J C Investments, L.P. State of Organization: Tennessee Principal Business: Owning, selling and managing equity investments in various publicly traded companies Principal Office Address: 137 Bruce Street, Suite 1, Sevierville, TN 37862 (d) no (e) no Name of General Partner of Entity: Jenco Capital Corporation State of Organization: Tennessee Principal Business: Investments Principal Office Address: 137 Bruce Street, Suite 1, Sevierville, TN 37862 (d) no (e) no Item 3. Source and Amount of Funds or Other Consideration Source and Amount of Funds used in making the purchases: Personal Funds of the Entity: $340,000.00 Affiliate Funds: $13,774,420.00 No part of the purchase price is represented by funds or other consideration borrowed or otherwise obtained. Item 4. Purpose of Transaction On November 27, 2000, J C Investments, L.P. (hereinafter "JCI") announced that its investor group had acquired more than five percent (5%) of Salton, Inc. (SFP, NYSE) and would soon file proper documentation with the Securities and Exchange Commission. As set forth in said press release on that date, the purchases of these shares plus any future purchases would be for investment purposes. No additional public statements have been made by JCI. On November 27, 2000, and in the following three (3) days, representatives of JCI participated in various telephone conversations, a summary of which follows: (1) Representatives of JCI received three (3) phone calls from fund managers and one (1) additional phone call from an individual shareholder, all of whom hold a significant amount of shares of Salton, Inc. stock (although being less than five percent (5%) of the company). The context of these phone calls centered around Salton's undervaluation as a stock and also the exploration of the callers' suggestions that JCI take aggressive action in trying to maximize shareholder value (including the possibility of developing a specific financial plan to purchase the company). These discussions included the possibility of offering mutual support and/or the possibility of working in the future with JCI to accomplish the same. No absolute plans and no written or oral agreements were conclusively established or entered into. (2) After these conversations, JCI spoke with two (2) individuals known to JCI to own significant shares of Salton, Inc. stock (although being less than five percent (5%) of the company). These conversations covered subject matters similar to that described above and, together with the two (2) conversations described below, did nothing to dissuade JCI from considering to take a more aggressive approach toward the purchase of Salton, Inc. stock and/or exploring the feasibility of making a bid for the entire company. (3) Two (2) further conversations (referred to above) took place with public retail companies who expressed a possible interest in Salton, Inc. or creating some type of strategic alliance. No agreements, written or oral, and no definite plans were made or entered into. As a result of all of the matters described hereinabove, JCI is currently evaluating its alternatives to determine whether it should increase its position in Salton, Inc., whether it should communicate with the Board of Directors either prior to or at its December 13, 2000 shareholder meeting, or whether JCI can effectively implement a strategic plan to maximize shareholder value. None of these plans have been finalized or agreed upon, and there is no assurance that any will be implemented. Item 5. Interest in Securities of the Issuer (a) Aggregate Number and Percentage of Class of Securities (all as of 11/27/00): (1) J C Investments, L.P. Aggregate Number: 20,000 common shares 5,000 December 20, 2000 calls 22,000 December 25, 2000 calls Percentage of Class: .0016 common shares .0022 calls (2) Jenco Capital Corporation (General Partner of J C Investments, L.P.) Aggregate Number: 0 (all classes) Percentage of Class: 0% (3) William and Kay Koplovitz Aggregate Number: 522,050 common shares 25,200 December 20, 2000 and December 25, 2000 calls Percentage of Class: .042798 common shares .002066 calls (4) Stephen T. Frost Living Trust Aggregate Number: 20,000 common shares Percentage of Class: .0016 common shares (5) Suzanne L. Frost Living Trust Aggregate Number: 22,000 common shares 1,000 December, 2000 calls Percentage of Class: .0018 common shares .00008 calls (6) Suzanne L. Frost Aggregate Number: 3,000 common shares Percentage of Class: .0002 common shares (7) Laurie S. Frost Aggregate Number: 10,250 common shares Percentage of Class: .0008 common shares (8) Julie Frost Stangl Aggregate Number: 10,000 common shares Percentage of Class: .0008 common shares (9) David A. Schutz Aggregate Number: 18,800 common shares 5,000 December 20, 2000 calls 5,000 December 25, 2000 calls Percentage of Class: .0015 common shares .0008 calls (b) Number of Shares with Sole or Shared Power to Vote/Direct Vote, Number of Shares with Sole or Shared Power to Dispose/Direct Disposition (1) J C Investments, L.P. Number of Shares with Sole Power to Vote/Direct Vote: 20,000 common 27,000 calls Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 20,000 common, 27,000 calls Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (2) Jenco Capital Corporation (General Partner of J C Investments, L.P.) Number of Shares with Sole Power to Vote/Direct Vote: 0 Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 0 Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (3) William and Kay Koplovitz Number of Shares with Sole Power to Vote/Direct Vote: 522,050 common 25,200 calls Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 522,050 common, 25,200 calls Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (4) Stephen T. Frost Living Trust Number of Shares with Sole Power to Vote/Direct Vote: 20,000 common Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 20,000 common Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (5) Suzanne L. Frost Living Trust Number of Shares with Sole Power to Vote/Direct Vote: 22,000 common, 1,000 calls Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 22,000 common, 1,000 calls Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (6) Suzanne L. Frost Number of Shares with Sole Power to Vote/Direct Vote: 3,000 common Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 3,000 common Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (7) Laurie S. Frost Number of Shares with Sole Power to Vote/Direct Vote: 10,250 common Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 10,250 common Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (8) Julie Frost Stangl Number of Shares with Sole Power to Vote/Direct Vote: 10,000 common Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 10,000 common Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (9) David A. Schutz Number of Shares with Sole Power to Vote/Direct Vote: 18,800 common, 10,000 calls Number of Shares with Shared Power to Vote/Direct Vote: 0 Number of Shares with Sole Power to Dispose/Direct Disposition: 18,800 common, 10,000 calls Number of Shares with Shared Power to Dispose/Direct Disposition: 0 (c) Transactions in Securities Effected in Past Sixty (60) Days (No Prior Filing) (1) J C Investments, L.P. Effected by: Harmonic Research Date: See attached Exhibit A, incorporated herein by reference Amount of Securities Involved: See attached Exhibit A, incorporated herein by reference Price Per Share: See attached Exhibit A, incorporated herein by reference Where and How Transaction Effected: Broker execution (Harmonic Research) (2) Jenco Capital Corporation (General Partner of J C Investments, L.P.) Effected by: n/a Date: n/a Amount of Securities Involved: n/a Price Per Share: n/a Where and How Transaction Effected: n/a (3) William and Kay Koplovitz Effected by: See attached collective Exhibit B, incorporated herein by reference Date: See attached collective Exhibit B, incorporated herein by reference Amount of Securities Involved: See attached collective Exhibit B, incorporated herein by reference Price Per Share: See attached collective Exhibit B, incorporated herein by reference Where and How Transaction Effected: See attached collective Exhibit B, incorporated herein by reference (4) Stephen T. Frost Living Trust Effected by: Fidelity Date: 9/26/00 Amount of Securities Involved: Sold 1,000 common shares Price Per Share: $32 5/16 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 9/27/00 Amount of Securities Involved: Sold 10 SFPJF (Oct 30 calls) Price Per Share: 2 1/16 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 9/28/00 Amount of Securities Involved: Sold 1,000 common shares Price Per Share: $30 9/16 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 10/11/00 Amount of Securities Involved: Bought 10 SFPJF (Oct 30 calls) Price Per Share: 9/16 Where and How Transaction Effected: Broker execution (Fidelity) (5) Suzanne L. Frost Living Trust Effected by: Fidelity Date: 9/25/00 Amount of Securities Involved: Sold 500 common shares Price Per Share: $32 5/16 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 9/25/00 Amount of Securities Involved: Sold 500 common shares Price Per Share: $32 1/2 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 9/26/00 Amount of Securities Involved: Sold 1,000 common shares Price Per Share: $33 5/8 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 11/21/00 Amount of Securities Involved: Bought 10 SFPED (May 20 calls) Price Per Share: $5 3/8 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 11/22/00 Amount of Securities Involved: Bought 10SFPLW (Dec 17.5 calls) Price Per Share: $2 7/8 Where and How Transaction Effected: Broker execution (Fidelity) (6) Suzanne L. Frost Effected by: Charles Schwab & Co, Inc. Date: approximately 11/99 Amount of Securities Involved: Bought 3,000 common shares Price Per Share: $11.29 average cost estimate Where and How Transaction Effected: Broker Execution (Schwab) (7) Laurie S. Frost Effected by: Fidelity Date: 11/8/00 Amount of Securities Involved: Bought 500 common shares Price Per Share: $24 1/2 Where and How Transaction Effected: Broker execution (Fidelity) (8) Julie Frost Stangl Effected by: Fidelity Date: 9/27/00 Amount of Securities Involved: Sold 750 common shares Price Per Share: $30 5/16 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 9/28/00 Amount of Securities Involved: Sold 750 common shares Price Per Share: $30 9/16 Where and How Transaction Effected: Broker Execution (Fidelity) Effected by: Fidelity Date: 9/28/00 Amount of Securities Involved: Sold 750 common shares Price Per Share: $30 9/16 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 9/28/00 Amount of Securities Involved: Sold 750 common shares Price Per Share: $30 3/4 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 11/8/00 Amount of Securities Involved: Bought 500 common shares Price Per Share: $22 3/4 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 11/17/00 Amount of Securities Involved: Bought 1000 common shares Price Per Share: $21 1/4 Where and How Transaction Effected: Broker execution (Fidelity) Effected by: Fidelity Date: 11/17/00 Amount of Securities Involved: Bought 250 common shares Price Per Share: $21 3/16 Where and How Transaction Effected: Broker execution (Fidelity) (9) David A. Schutz Effected by: Harmonic Research Date: See attached Exhibit C, incorporated herein by reference Amount of Securities Involved: See attached Exhibit C, incorporated herein by reference Price Per Share: See attached Exhibit C, incorporated herein by reference Where and How Transaction Effected: Broker execution (Harmonic Research) (d) n/a (e) n/a Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Jenco Capital Corporation, a Tennessee corporation, is the general partner of J C Investments, L.P., a Tennessee limited partnership. The limited partners include William Koplovitz and Stephen Frost. Jenco Capital Corporation, as the general partner of J C Investments, L.P., as provided in the Limited Partnership Agreement, has the power to transfer and vote the securities held in Salton, Inc. Under the Limited Partnership Agreement of J C Investments, L.P., each limited partner owns 49.5% of the profits and equally shares in 49.5% of the losses. The general partner owns 1% of the profits, and shares in 1% of the losses. Stephen Frost, as Trustee of the Suzanne L. Frost Living Trust, on behalf of the Suzanne L. Frost Living Trust, has the power to transfer and vote the securities held in Salton, Inc. Stephen Frost, as Trustee of the Stephen T. Frost Living Trust, on behalf of the Stephen T. Frost Living Trust, has the power to transfer and vote the securities held in Salton, Inc. Stephen Frost, under a power of attorney, has the power to transfer and vote the securities held in Salton, Inc. on behalf of Suzanne L. Frost. Stephen Frost, as the custodian of Laurie S. Frost, has the power to transfer and vote the securities held in Salton, Inc. on behalf of Laurie S. Frost. William and Kay Koplovitz, individually and jointly, the Stephen T. Frost Living Trust, the Suzanne L. Frost Living Trust, Suzanne L. Frost, Laurie S. Frost, Julie Frost Stangl, and David A. Schutz have joined J C Investments, L.P. as affiliates thereof in order to explore the alternatives listed in Item 4, above. Each party hereto shall share in the profits and losses according to the pro rata share of funds/securities contributed to the cause. Item 7. Material to Be Filed as Exhibits. See attached collective Exhibits A through C which are specifically incorporated herein by this reference. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: Dec. 5, 2000 -------------- J C Investments, L.P. By: Jenco Capital Corporation, General Partner By: /s/ Jon E. Nix ---------------------------------- Jon E. Nix, President COVER SHEET FOR "EXHIBIT A" - Includes J C Investment, L.P. sixty day run of activity of Salton, Inc. trades from 9/27/00 through 11/27/00 EXHIBIT A: J C INVESTMENTS, L.P. SIXTY DAY RUN
Date: Effected By: Amount Involved: Price per Share: When & How Effected: - -------------------------------------------------------------------------------------------------------------- 11/02/00 Harmonic Research Bought 1,300 common shares 26.56 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/02/00 Harmonic Research Bought 700 common shares 26.63 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/03/00 Harmonic Research Bought 1,500 common shares 27.00 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/03/00 Harmonic Research Bought 500 common shares 27.00 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/06/00 Harmonic Research Sold 1,300 common shares 30.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/06/00 Harmonic Research Sold 700 common shares 30.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/06/00 Harmonic Research Sold 1,500 common shares 30.06 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/06/00 Harmonic Research Sold 500 common shares 30.13 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/07/00 Harmonic Research Bought 2,500 common shares 27.63 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 2,500 common shares 24.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 1,500 common shares 24.99 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 500 common shares 22.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 3,000 common shares 23.38 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 2,500 common shares 24.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 900 common shares 22.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 700 common shares 23.38 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 900 common shares 22.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 1,300 common shares 23.38 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 2,700 common shares 22.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Sold 2,500 common shares 23.63 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Sold 2,500 common shares 23.63 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/09/00 Harmonic Research Sold 1,500 common shares 24.00 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/09/00 Harmonic Research Sold 500 common shares 24.00 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/09/00 Harmonic Research Sold 3,000 common shares 24.00 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/10/00 Harmonic Research Bought 3,000 common shares 22.44 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/10/00 Harmonic Research Bought 2,000 common shares 22.50 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/13/00 Harmonic Research Sold 2,500 common shares 21.56 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/13/00 Harmonic Research Sold 900 common shares 21.56 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/13/00 Harmonic Research Sold 700 common shares 21.69 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/13/00 Harmonic Research Sold 900 common shares 21.63 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/14/00 Harmonic Research Bought 5,000 common shares 23.38 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/14/00 Harmonic Research Bought 1,000 common shares 22.06 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/21/00 Harmonic Research Bought 5,000 common shares 19.75 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/02/00 Harmonic Research Bought 20 Dec 25 calls 4.88 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/03/00 Harmonic Research Bought 20 Dec 25 calls 5.00 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/13/00 Harmonic Research Bought 50 Dec calls 4.63 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/14/00 Harmonic Research Bought 80 Dec 25 calls 1.94 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/14/00 Harmonic Research Sold 50 Dec calls 2.56 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 50 Dec 25 calls 1.44 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 50 Dec 25 calls 1.88 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 20 Dec 20 calls 4.38 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 30 Dec 20 calls 4.63 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/02/00 Harmonic Research Bought 20 Dec 25 puts 3.13 Broker Execution - -------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Sold 20 Dec 25 puts 3.75 Broker Execution - --------------------------------------------------------------------------------------------------------------
COVER SHEET FOR "COLLECTIVE EXHIBIT B" - Includes William and Kay Koplovitz stock ownership in Salton, Inc. [common stock and calls (exercisable over the next sixty days as "beneficial ownership")] -Also includes sixty day run of activity of Salton, Inc. trades from 9/27/00 through 11/27/00 EXHIBIT B TOTAL SALTON, INC. OWNERSHIP BY WILLIAM & KAY KOPLOVITZ As of close on 11/27/00 (1) Stifel Nicolaus and Co, Inc. Brokerage Firm Common Shares Long Calls Covered Calls ------------- ---------- ------------- 294,700 common 37 Dec. 25 calls 130 Feb. 35 calls 25 Dec. 20 calls 70 May 35 calls ---------------- 70 Feb. 50 calls 6,200 calls (L) ---------------- 27,000 covered calls (S) (2) Gruntal Brokerage Firm Common Shares Long Calls Covered Calls ------------- ---------- ------------- 16,500 common 140 Dec. 25 calls 40 Feb. 35 calls ----------------- 20 May 25 calls 40 May 221/2calls 14,000 (L) ----------------- 10,000 covered calls (S) (3) Harmonic Research Brokerage Firm Common Shares Long Calls Covered Calls ------------- ---------- ------------- 8,000 common 0 15 Feb. 35 calls 35 Feb. 40 calls ---------------- 5,000 covered calls (S) (4) Paine Webber Brokerage Firm Common Shares Long Calls Covered Calls ------------- ---------- ------------- 202,850 common 50 Dec. 25 calls 50 Feb. 35 calls 60 May 35 calls 60 May 40 calls 80 Feb. 40 calls ---------------- 25,000 covered calls (S) EXHIBIT B: WILLIAM & KAY KOPLOVITZ SIXTY DAY RUN SHEET
Date: Effected By: Amount Involved: Price per Share: When & How Effected: - ------------------------------------------------------------------------------------------------------------------ 11/07/00 Paine Webber Bought 2,500 common 27.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/14/00 Paine Webber Bought 8,000 common 22.06 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/15/00 Paine Webber Bought 2,200 common 20.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/07/00 Harmonic Research Bought 1,000 common 27.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/10/00 Harmonic Research Sold 15 Feb 35 calls 3.00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Harmonic Research Sold 35 Feb 40 calls 2.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/03/00 Paine Webber Bought 2,000 common 30.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Paine Webber Bought 700 common 30.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Paine Webber Bought 2,000 common 31.00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/24/00 Paine Webber Bought 1,400 common 17.88 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/24/00 Paine Webber Bought 1,000 common 19.06 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/24/00 Paine Webber Bought 2,200 common 19.13 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/27/00 Paine Webber Bought 1,500 common 18.88 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/27/00 Paine Webber Bought 1,100 common 19.63 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Paine Webber Sold 50.00 QSFPBG 3.50 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Paine Webber Sold 50.00 calls Salton 1.56 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Paine Webber Sold 50.00 QSFPBG 4.00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/18/00 Paine Webber Sold 60.00 QSFPEG 3.08 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/18/00 Paine Webber Sold 60.00 QSFPEH 2.25 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Paine Webber Bought 50.00 QSFPLE 2.00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Gruntal & Co. Bought 140 Dec 25 calls 1 7/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Gruntal & Co. Bought 20 Feb 35 calls 7/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Gruntal & Co. Bought 20 May 22 1/2 calls 5 1/4 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/13/00 Gruntal & Co. Bought 33 Feb 35 calls 7/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/13/00 Gruntal & Co. Bought 60 Feb 40 calls 5/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/13/00 Gruntal & Co. Sold 20 May 25 calls 3 5/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/13/00 Gruntal & Co. Sold 60 May 22 1/2 calls 4 1/4 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/07/00 Gruntal & Co. Bought 1200 common 27 11/16 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/20/00 Gruntal & Co. Sold 1,900 common 27 15/16 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/16/00 Gruntal & Co. Sold 1,100 common 26 3/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/16/00 Gruntal & Co. Sold 28 Feb 35 calls 2 5/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/11/00 Gruntal & Co. Sold 20 Feb 35 calls 2 13/16 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/11/00 Gruntal & Co. Sold 20 Feb 40 calls 2.00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/10/00 Gruntal & Co. Sold 15 Feb 35 calls 3 1/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/09/00 Gruntal & Co. Sold 30 Feb 35 calls 3 3/4 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/09/00 Gruntal & Co. Sold 40 Feb 40 calls 2 3/16 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Gruntal & Co. Sold 500 common 31 5/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Gruntal & Co. Sold 600 common 30 7/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Gruntal & Co. Sold 300 common 30 5/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Gruntal & Co. Sold 200 common 30 5/8 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 09/29/00 Gruntal & Co. Sold 1,000 common 33 3/4 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/07/00 Paine Webber Bought 1,500 common 27.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Paine Webber Sold 30.00 QSFPBG 4.00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Paine Webber Sold 30.00 Call Salton 1.56 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Paine Webber Sold 20.00 QSFPBG 4.00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Paine Webber Sold 20.00 Call Salton 0.63 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Paine Webber Bought 20.00 QSFPBG 1.56 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Paine Webber Sold 50.00 QSFPBH 2.38 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/11/00 Paine Webber Sold 30.00 QSFPBH 1.75 Broker Execution - ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------ 11/13/00 Paine Webber Sold 26.00 QSFPEE 3.88 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Paine Webber Sold 26.00 Call Salton 3.25 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Paine Webber Bought 20.00 QSFPEE 4.50 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/13/00 Stifel Nicolaus Sold 20 Nov 25 puts 2.75 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/12/00 Stifel Nicolaus Sold 20 Feb 50 calls 0.75 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/12/00 Stifel Nicolaus Sold 30 Feb 35 calls 2.75 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/12/00 Stifel Nicolaus Sold 50 Feb 35 calls 2.75 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/12/00 Stifel Nicolaus Sold 50 Feb 35 calls 3.00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/09/00 Stifel Nicolaus Sold 50 Feb 35 calls 3.50 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Stifel Nicolaus Sold 50 Feb 50 calls 1.25 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/05/00 Stifel Nicolaus Sold 30 Feb 35 calls 3.50 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Sold 70 Feb 35 calls 3.07 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Sold 50 Nov 35 calls 1.15 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Bought 20 Nov 25 puts 0.81 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Sold 2,000 common 31.25 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Sold 3,000 common 30.59 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Sold 4,000 common 31.88 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Sold 5,000 common 30.58 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Sold 5,000 common 30.50 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/04/00 Stifel Nicolaus Sold 6,000 common 30.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/08/00 Stifel Nicolaus Bought 3,000 common 24.88 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/07/00 Stifel Nicolaus Bought 8,000 common 27.69 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 10/18/00 Stifel Nicolaus Sold 70 May 35 calls 3.13 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/24/00 Stifel Nicolaus Bought 1,000 common 19.25 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/21/00 Stifel Nicolaus Bought 25 Dec 25 calls 1.56 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/20/00 Stifel Nicolaus Bought 50 Nov 35 calls EXP 11/18/00 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/20/00 Stifel Nicolaus Bought 25 Dec 20 calls 4.25 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/20/00 Stifel Nicolaus Bought 12 Dec 25 calls 2.06 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/17/00 Stifel Nicolaus Bought 5,000 common 21.44 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Stifel Nicolaus Bought 150 Feb 35 calls 1.29 Broker Execution - ------------------------------------------------------------------------------------------------------------------ 11/16/00 Stifel Nicolaus Bought 50 Feb 20 calls 4.88 Broker Execution - ------------------------------------------------------------------------------------------------------------------
COVER SHEET FOR "EXHIBIT C" - Includes David A. Schutz sixty day run of activity of Salton, Inc. trades from 9/27/00 through 11/27/00 EXHIBIT C: DAVID A. SCHUTZ SIXTY DAY RUN SHEET
Date: Effected By: Amount Involved: Price per Share: When & How Effected: - -------------------------------------------------------------------------------------------------------------------------- 09/06/00 Harmonic Research Bought 600 common shares Transfer from Separate Acct. Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/06/00 Harmonic Research Bought 1,900 common shares Transfer from Separate Acct. Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/06/00 Harmonic Research Bought 1,000 common shares Transfer from Separate Acct. Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/06/00 Harmonic Research Bought 200 common shares Transfer from Separate Acct. Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/06/00 Harmonic Research Bought 1,000 common shares Transfer from Separate Acct. Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/06/00 Harmonic Research Bought 1,800 common shares Transfer from Separate Acct. Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/18/00 Harmonic Research Sold 600 common shares 35.75 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/18/00 Harmonic Research Sold 1,900 common shares 35.50 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/25/00 Harmonic Research Sold 1,000 common shares 33.25 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/25/00 Harmonic Research Sold 200 common shares 33.38 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 09/25/00 Harmonic Research Sold 1,000 common shares 33.00 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 1,200 common shares 24.50 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/08/00 Harmonic Research Bought 3,800 common shares 24.50 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 2,100 common shares 21.19 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 600 common shares 21.19 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 1,900 common shares 21.00 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 400 common shares 21.13 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/20/00 Harmonic Research Sold 1,800 common shares 19.75 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/20/00 Harmonic Research Sold 1,200 common shares 19.75 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/27/00 Harmonic Research Bought 10,000 common shares 17.00 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 50 May 17 1/2 calls 7.13 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 20 Dec 20 calls 4.00 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 30 Dec 20 calls 4.38 Broker Execution - -------------------------------------------------------------------------------------------------------------------------- 11/16/00 Harmonic Research Bought 50 Dec 25 calls 1.56 Broker Execution - --------------------------------------------------------------------------------------------------------------------------
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