-----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, BREV9TFipNVMuk/Ik7XIusIJ+FAz4b4X0sEdnHufLjoYoA7tWBRfxvxCIXyADRrI 1279Z9+x5LtMoEKRKU53sg== 0001116502-02-001886.txt : 20021127 0001116502-02-001886.hdr.sgml : 20021127 20021127144650 ACCESSION NUMBER: 0001116502-02-001886 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021127 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RILEY BRYANT R CENTRAL INDEX KEY: 0001207269 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: 11150 SANTA MONICA BLVD STE 750 CITY: LOS ANGELES STATE: CA ZIP: 90025 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CELERITEK INC/CA CENTRAL INDEX KEY: 0000919583 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770057484 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-49108 FILM NUMBER: 02843327 BUSINESS ADDRESS: STREET 1: 3236 SCOTT BLVD CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4089865060 MAIL ADDRESS: STREET 1: 3236 SCOTT BLVD CITY: SANTA CLARA STATE: CA ZIP: 95054 SC 13D 1 celeritek-rileysc13d.txt RILEY - SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------------------- OMB APPROVAL --------------------------------- OMB Number: 3235-0145 Expires: November 30, 2002 Estimated average burden hours per response............11 SCHEDULE 13D Under the Securities and Exchange Act of 1934 (Amendment No. _____)* CELERITEK, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common - -------------------------------------------------------------------------------- (Title of Class of Securities) 150926103 - -------------------------------------------------------------------------------- (CUSIP Number) Bryant R. Riley 11150 Santa Monica Blvd., Suite 750 Los Angeles, CA 90025 (310) 966-1444 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 18, 2002 - -------------------------------------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 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 Rule 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 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._150926103______ 13D Page 1 of 5 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SACC Partners, LP; Riley Investment Management LLC; B. Riley and Co. Inc.; B. Riley and Co. Holdings, LLC, Bryant R. Riley ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS WC, PF ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF 735,842 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 735,842 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 735,842 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.98% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON PN, IA, BD, OO, IN ________________________________________________________________________________ CUSIP No.__150926103_____ 13D Page 2 of 5 Pages ________________________________________________________________________________ Item 1. Security and Issuer. Common Stock of Celeritek, Inc. 3236 Scott Blvd. Santa Clara, CA 95054 ________________________________________________________________________________ Item 2. Identity and Background. (a) SACC Partners LP (a Delaware limited partnership) Riley Investment Management LLC (Delaware ltd. liab. co.) B. Riley and Co. Inc. (Delaware corporation) B. Riley and Co. Holdings, LLC (Delaware ltd. liab. co.) Bryant R. Riley (individual residing in California) (b) 11150 Santa Monica Boulevard, Suite 750 Los Angeles, CA 90025 (c) Mr. Riley owns all of the outstanding shares of B. Riley and Co. Inc. ("BRC"), an NASD member broker-dealer and all of the outstanding membership interests in B. Riley and Co. Holdings, LLC ("BRC Holdings"). Mr. Riley also manages and owns all of the outstanding membership interests of Riley Investment Management LLC ("RIM"), a California registered investment adviser. RIM is the investment adviser to and general partner of SACC Partners LP ("SACC"). They are all located at the address specified in (b) above. (d) None (e) None (f) United States ________________________________________________________________________________ Item 3. Source and Amount of Funds or Other Consideration. SACC's purchases were made with SACC partnership funds, BRC's purchases were made with BRC corporate funds and BRC Holdings received its shares as a contribution from Mr. Riley who made purchases of the shares with his own personal funds. ________________________________________________________________________________ Item 4. Purpose of Transaction. The Reporting Persons purchased the shares of Common Stock based on the belief that the Common Stock, at current market prices, represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities, and the availability of shares of Common Stock at desirable prices, the Reporting Persons may endeavor to increase their position in the Issuer through, among other things, the purchase of shares of Common Stock in open market or private transactions, on such terms and at such times as the Reporting Persons deem advisable. The Reporting Persons understand that Anaren Microwave Inc. has proposed to acquire/merge with the Issuer, and that the Issuer has rejected this proposal. The Reporting Persons believe that such a transaction with Anaren Microwave or another party would provide the Issuer's stockholders with an opportunity to maximize the present value of their investment and, based upon facts currently known to the Reporting Persons, would be preferable to the Issuer remaining independent. To this end, BRC delivered a letter dated November 20, 2002 to Mr. Tamer Husseini, Chairman, President, Chief Executive Officer of the Issuer requesting that the Issuer reconsider its rejection of Anaren Microwave Inc. The Reporting Persons intend to discuss these issues with the management of the Issuer. In an effort to insure that the interests of the Issuer's stockholders are adequately represented by the Issuer's Board of Directors in its consideration of any acquisition proposals, BRC's letter indicated that it may engage in discussions with other stockholders or call a special meeting to seek alternative board representation, although it has neither committed to such an action nor has it any knowledge of who would be nominated as the new directors at such special meeting. The Reporting Persons may, from time to time, evaluate various other alternatives that they might consider in order to influence the performance of the Issuer and the activities of its Board of Directors. Depending on various factors, the Reporting Persons may take such actions as they deem appropriate including, without limitation, engaging in discussions with management and the Board of Directors of the Issuer, communicating with other stockholders, seeking alternative board representation, making proposals to the Issuer concerning the capitalization and operations of the Issuer, purchasing additional shares of Common Stock or selling some or all of their shares of Common Stock or to change their intention with respect to any and all matters referred to in this Item 4. ________________________________________________________________________________ Item 5. Interest in Securities of the Issuer. (a) SACC owns 596,600 shares of Celeritek's common stock. Because RIM has sole voting and investment power over SACC's security holdings and Mr. Riley in his role as the sole manager of RIM controls RIM's voting and investment decisions, each of SACC, RIM and Mr. Riley may be deemed to have beneficial ownership of the 596,600 shares held by SACC, representing approximately 4.85% of Celeritek's common stock. BRC owns 129,242 shares of Celeritek's common stock. Because Mr. Riley has sole voting and investment power over BRC's security holdings, both BRC and Mr. Riley may be deemed to have beneficial ownership of the 129,242 shares of Celeritek's common stock, representing approximately 1.05% of Celeritek's common stock. BRC Holdings owns 10,000 shares of Celeritek's common stock. Because Mr. Riley has sole voting and investment power of BRC Holding's security holdings, both BRC Holdings and Mr. Riley may be deemed to have beneficial ownership of the 10,000 shares held by BRC Holdings, representing approximately 0.08% of Celreitek's common stock. (b) With respect to all of the shares that are held by each of SACC, BRC and BRC Holdings, Mr. Riley has sole power to vote and dispose or direct the disposition of the shares. (c) Please see Exhibit A for SACC's, BRC's and BRC Holdings' transactions in the Issuer's shares in the sixty (60) days preceding this filing. (d) None (e) Not Applicable ________________________________________________________________________________ Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The relationships between Mr. Riley, SACC, RIM, BRC and BRC Holdings are described above under Item 2(c) above. There is no written agreement among the reporting parties regarding Celeritek's shares other than the joint filing agreement attached as Exhibit B. ________________________________________________________________________________ Item 7. Material to be Filed as Exhibits. Exhibit A. List of transactions in the class of securities being reported (see Item 5(c) above). Exhibit B. Joint Filing Agreement ________________________________________________________________________________ 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: November 27, 2002 SACC PARTNERS LP By: Riley Investment Management LLC, its General Partner By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President RILEY INVESTMENT MANAGEMENT LLC By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President B. RILEY AND CO. INC. By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President B. RILEY AND CO. HOLDINGS, LLC By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President /s/ Bryant R. Riley --------------------------- Bryant R. Riley Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). EXHIBIT A LIST OF TRANSACTIONS IN LAST 60 DAYS
- -------------------------------------------------------------------------------------------------- REPORTING PARTY DATE # OF SHARES PRICE/SHARE TYPE AND MANNER - -------------------------------------------------------------------------------------------------- SACC 11/11/2002 132,700 5.2566 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 25,000 5.5023 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 200,000 5.4148 Brokered - -------------------------------------------------------------------------------------------------- 11/15/2002 55,000 5.6 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 125,000 5.773 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 58,900 6.5861 Brokered - -------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------- BRC 9/23/2002 -150 8.05 Brokered - -------------------------------------------------------------------------------------------------- 9/25/2002 150 8 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 -3,500 7.4546 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 -200 7.511 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 -200 7.5 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 -100 7.5 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 -100 7.5 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 -100 7.51 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 -100 7.45 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 100 7.25 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 100 7.48 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 200 7.35 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 400 7.44 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 500 7.25 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 700 7.5 Brokered - -------------------------------------------------------------------------------------------------- 9/26/2002 2,300 7.4 Brokered - -------------------------------------------------------------------------------------------------- 9/30/2002 2,100 7.25 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 -15,000 7.2714 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 100 7.25 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 100 7.26 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 200 7.2 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 200 7.29 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 400 7.2 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 800 7.249 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 900 7.2 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 1,200 7.25 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 1,700 7.25 Brokered - -------------------------------------------------------------------------------------------------- 10/1/2002 7,100 7.2 Brokered - -------------------------------------------------------------------------------------------------- 10/2/2002 200 7.21 Brokered - -------------------------------------------------------------------------------------------------- 10/2/2002 200 7.11 Brokered - -------------------------------------------------------------------------------------------------- 10/3/2002 -100 7 Brokered - -------------------------------------------------------------------------------------------------- 10/3/2002 -100 7.02 Brokered - -------------------------------------------------------------------------------------------------- 10/4/2002 -100 6.75 Brokered - -------------------------------------------------------------------------------------------------- 10/4/2002 100 6.63 Brokered - -------------------------------------------------------------------------------------------------- 10/10/2002 -700 6.8 Brokered - -------------------------------------------------------------------------------------------------- 10/10/2002 -100 6.811 Brokered - -------------------------------------------------------------------------------------------------- 10/10/2002 -100 6.801 Brokered - -------------------------------------------------------------------------------------------------- 10/10/2002 900 6.8013 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 -57,700 5.1569 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 -13,500 5.1759 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 -800 5.33 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 -100 5.49 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 800 5.15 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 10,000 5.1 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 12,300 5.2 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 24,000 5.01 Brokered - -------------------------------------------------------------------------------------------------- 11/11/2002 25,000 5.25 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 -25,000 5.5023 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 -20,000 5.5523 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 -16,700 5.5523 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 -16,700 5.5523 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 -16,600 5.5523 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 100 5.449 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 200 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 300 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 500 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 1,900 5.46 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 4,100 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 6,000 5.55 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 20,700 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 29,100 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/13/2002 32,100 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -200,000 5.4148 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -130,000 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -88,000 5.3515 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -30,000 5.49 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -30,000 5.47 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -10,000 5.4 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -8,400 5.45 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -8,300 5.45 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -8,300 5.45 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -4,900 5.4 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -1,400 5.37 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -1,000 5.36 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -200 5.371 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -100 5.37 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 -100 5.39 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 25 5.54 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 100 5.579 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 100 5.59 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 100 5.58 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 100 5.34 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 163 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 400 5.55 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 1,025 5.55 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 1,500 5.6 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 1,663 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 2,000 5.54 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 2,600 5.37 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 4,000 5.59 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 6,000 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 6,800 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 7,500 5.58 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 8,975 5.55 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 10,000 5.54 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 10,000 5.54 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 12,000 5.6 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 15,100 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 17,100 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 20,100 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 27,000 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 31,174 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 60,800 5.4 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 126,000 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/14/2002 181,900 5.3513 Brokered - -------------------------------------------------------------------------------------------------- 11/15/2002 -7,600 5.65 Brokered - -------------------------------------------------------------------------------------------------- 11/15/2002 -4,300 5.85 Brokered - -------------------------------------------------------------------------------------------------- 11/15/2002 -2,500 5.65 Brokered - -------------------------------------------------------------------------------------------------- 11/15/2002 -100 5.65 Brokered - -------------------------------------------------------------------------------------------------- 11/15/2002 2,600 5.5 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -125,000 5.773 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -50,000 5.773 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -16,700 5.773 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -16,700 5.773 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -16,600 5.773 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -10,000 5.773 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -10,000 5.773 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -2,000 5.8 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -2,000 5.82 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -600 5.801 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 -500 5.8 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 2,500 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 3,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 4,900 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 5,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 5,300 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 6,800 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 8,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 8,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 8,500 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 10,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 11,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 12,100 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 12,700 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 13,200 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 14,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 14,600 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 16,400 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 17,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 17,984 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 18,000 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 19,683 5.75 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 20,200 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 48,350 5.8054 Brokered - -------------------------------------------------------------------------------------------------- 11/18/2002 50,000 5.6 Brokered - -------------------------------------------------------------------------------------------------- 11/19/2002 -1,400 6.4 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 -58,900 6.5861 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 300 6.6 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 1,100 6.59 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 2,500 6.57 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 2,700 6.59 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 3,100 6.6 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 19,300 6.61 Brokered - -------------------------------------------------------------------------------------------------- 11/20/2002 29,900 6.57 Brokered - -------------------------------------------------------------------------------------------------- 11/21/2002 -25,000 6.55 Brokered - -------------------------------------------------------------------------------------------------- 11/21/2002 100 6.47 Brokered - -------------------------------------------------------------------------------------------------- 11/21/2002 25,000 6.5 Brokered - -------------------------------------------------------------------------------------------------- 11/22/2002 100 6.699 Brokered - -------------------------------------------------------------------------------------------------- 11/22/2002 2,500 6.7 Brokered - -------------------------------------------------------------------------------------------------- 11/26/2002 100 6.2 Brokered - -------------------------------------------------------------------------------------------------- 11/26/2002 800 6.2 Brokered - -------------------------------------------------------------------------------------------------- 11/26/2002 900 6.2 Brokered - -------------------------------------------------------------------------------------------------- 11/26/2002 7,400 6.2 Brokered - -------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------- BRC Holdings* 11/18/2002 10,000 5.773 Brokered - --------------------------------------------------------------------------------------------------
* These shares were originally purchased by Bryant R. Riley on November 18, 2002 and transferred to BRC Holdings on November 19, 2002. EXHIBIT B JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13D with respect to the Shares of Celeritek, Inc., dated as of November 27, 2002, is, and any amendments thereto (including amendments on Schedule 13G) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934. This agreement shall remain in effect until a party to this letter notifies the other parties in writing that it is withdrawing from the agreement to file a joint Schedule 13D, and after such written notice shall remain in effect as to all non-withdrawing parties. Date: November 27, 2002 SACC PARTNERS LP By: Riley Investment Management LLC, its General Partner By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President RILEY INVESTMENT MANAGEMENT LLC By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President B. RILEY AND CO. INC. By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President B. RILEY AND CO. HOLDINGS, LLC By: /s/ Bryant R. Riley -------------------------------- Bryant R. Riley, President /s/ Bryant R. Riley --------------------------- Bryant R. Riley -----END PRIVACY-ENHANCED MESSAGE-----