SEC FORM 4

SEC Form 4

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^*

BOTTOLI MARCELLO

(Last)

(First)

(Middle)

575 WEST STREET

(Street)

MANSFIELD

02048

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SAMSONITE CORP/FL [ SAMC.OB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/24/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/24/2007		D		6,113,735	D	$1.49	0	I	See footnote⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$0.7	10/24/2007		D			6,000,000	⁽²⁾	03/03/2014	Common Stock	6,000,000	$0.79	0	I	See footnote⁽³⁾
Employee Stock Option (right to buy)	$0.665	10/24/2007		D			6,000,000	⁽²⁾	03/03/2014	Common Stock	6,000,000	$0.825	0	I	See footnote⁽³⁾
Employee Stock Option (right to buy)	$0.465	10/24/2007		D			9,000,000	⁽²⁾	03/03/2014	Common Stock	9,000,000	$1.025	0	I	See footnote⁽³⁾
Employee Stock Option (right to buy)	$0.43	10/24/2007		D			9,000,000	⁽²⁾	03/03/2014	Common Stock	9,000,000	$1.06	0	I	See footnote⁽³⁾

Explanation of Responses:

1. These shares were owned directly by Stonebridge Development Limited, a corporation under the laws of the British Virgin Islands. Securities owned by Stonebridge Development Limited may be regarded as being owned beneficially by the Reporting Person.

2. In connection with the merger by and among Cameron 1 S.a r.l., Cameron Acquisitions Corporation and Samsonite Corporation ("Samsonite"), options to purchase or acquire shares of Samsonite Common Stock ("Samsonite Stock Options"), whether or not vested, were converted into the right to receive an amount in cash equal to the product of (x) the excess, if any, of $1.49 over the per share exercise price of such Samsonite Stock Option and (y) the number of shares of Samsonite Common Stock subject to such Samsonite Stock Option, pursuant to and in accordance with the Agreement and Plan of Merger filed as Exhibit 2.1 on the Current Report on Form 8-K dated July 6, 2007 of Samsonite.

3. Options were issued to and held by Stonebridge Development Limited, a British Virgin Islands corporation formed by a trust established by the reporting person for the benefit of himself and his family.

Remarks:

	/s/ Douglas Sundby, Attorney-in-Fact	10/26/2007
	** 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).
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