-----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, P9s4t6/8E8cIKK+mt++M6FQJtwvmuq0cSxar2OzEs5Hqemr3CJKOdAwDAVD/1oMT RL5m/oKjObUF+c2Va0D8/Q== 0000910643-00-000016.txt : 20000210 0000910643-00-000016.hdr.sgml : 20000210 ACCESSION NUMBER: 0000910643-00-000016 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000209 GROUP MEMBERS: PERFORMANCE CAPITAL II, L.P. GROUP MEMBERS: PERFORMANCE CAPITAL LP GROUP MEMBERS: PERFORMANCE OFFSHORE, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRICESMART INC CENTRAL INDEX KEY: 0001041803 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 330628530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-51523 FILM NUMBER: 528940 BUSINESS ADDRESS: STREET 1: 4649 MORENA BLVD CITY: SAN DIEGO STATE: CA ZIP: 92117 BUSINESS PHONE: 6195814530 MAIL ADDRESS: STREET 1: 4649 MORENA BLVD CITY: SAN DIEGO STATE: CA ZIP: 92117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PERFORMANCE CAPITAL LP CENTRAL INDEX KEY: 0000918316 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 767 THIRD AVE 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125934538 MAIL ADDRESS: STREET 1: 767 THIRD AVE 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G 1 Page 1 of 7 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1)* PRICESMART, INC. - ----------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value per share - ----------------------------------------------------------------------------- (Title of Class of Securities) 741511 10 9 -------------------- (CUSIP Number) December 31, 1999 - ----------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *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 the disclosures provided in a prior cover page. The information required in 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). SCHEDULE 13G CUSIP No. 741511 10 9 Page 2 of 7 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Performance Capital, L.P. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Instructions) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 367,950 SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING 367,950 ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 367,950 _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.2% (based on 5,097,619 shares outstanding at 12/29/99) _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (See Instructions) PN _____________________________________________________________________________ SCHEDULE 13G CUSIP No. 741511 10 9 Page 3 of 7 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Performance Capital II, L.P. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Instructions) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 70,300 SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING 70,300 ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 70,300 _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.4% (based on 5,097,619 shares outstanding at 12/29/99) _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (See Instructions) PN _____________________________________________________________________________ SCHEDULE 13G CUSIP No. 741511 10 9 Page 4 of 7 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Performance Offshore, Ltd. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Instructions) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 57,300 SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING 57,300 ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,300 _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.1% (based on 5,097,619 shares outstanding at 12/29/99) _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (See Instructions) CO _____________________________________________________________________________ SCHEDULE 13G CUSIP No. 741511 10 9 Page 5 of 7 Item 1. Name of Issuer and Address (a) The name of the issuer is Pricesmart, Inc., a Delaware corporation ("PI"). (b) The principal executive offices of PI are located at 4649 Morena Boulevard, San Diego, CA 92117. Item 2. Identity, Address, Citizenship, Title of Class of Securities and CUSIP Number Items 2(a), (b), (c) This statement on Schedule 13G ("Statement") is filed by Performance Capital, L.P., a New York limited partnership ("PCI"), Performance Capital II, L.P., a New York limited partnership ("PCII") and Performance Offshore, Ltd, a Cayman Islands corporation ("POL"; PCI, PCII and POL shall be referred to collectively as the "Group"; each member of the Group being hereinafter referred to individually as a "Member" and collectively as "Members"). Performance Capital, LLC, a New York limited liability company ("PCLLC"), is the sole general partner of PCI and Brian Warner is the sole manager of PCLLC. Performance Management, LLC, a New York limited liability company ("PMLLC"), is the sole general partner of PCII and Brian Warner is the sole manager of PMLLC. Performance Management Holding Corp., a Delaware corporation ("PMHC"), is the sole investment manager of POL and Brian Warner is the President and sole director of PMHC. The address of principal business office of PCI, PCII, PCLLC, PMLLC, PMHC and Brian Warner is 767 Third Avenue, 16th Floor, New York, NY 10017. The address of principal business office of POL is Corporate Centre, West Bay Road, P.O. Box 31106 SMB, Grand Cayman, Cayman Islands, B.W.I. Item 2(d), (e) This Statement relates to the Common Stock, $.0001 per value per share (the "PI Common Stock") of PI. The CUSIP number for the PI Common Stock is 741511 10 9. Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a : Not Applicable Item 4. Ownership Item 4(a), (b) PCI owns 367,950 shares of PI Common Stock, representing 7.2% of PI's issued and outstanding shares (based on 5,097,619 shares outstanding at December 29, 1999). PCII owns 70,300 shares of PI Common Stock, representing 1.4% of PI's issued and outstanding shares (based on 5,097,619 shares outstanding at December 29, 1999). POL owns 57,300 shares of PI Common Stock, representing 1.1% of PI's issued and outstanding shares (based on 5,097,619 shares outstanding at December 29, 1999). SCHEDULE 13G CUSIP No. 741511 10 9 Page 6 of 7 Item 4(c) Each Member is the sole beneficial owner of the securities identified in subsection (a) above. PCLLC, as the sole general partner of PCI, has sole voting and dispositive power over the PI Common Stock owned by PCI. PMLLC, as the sole general partner of PCII, has sole voting and dispositive power over the shares of PI Common Stock owned by PCII. PMHC, as the sole investment manager of POL, has sole voting and dispositive power over the PI Common Stock owned by POL. Item 5. Ownership of Five Percent or Less of a Class Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SCHEDULE 13G CUSIP No. 741511 10 9 Page 7 of 7 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. Dated: February 9, 2000 PERFORMANCE CAPITAL, L.P. By: Performance Capital, LLC, General Partner By: S/ BRIAN WARNER ----------------------------------------- Brian Warner, Manager PERFORMANCE CAPITAL II, L.P. By: Performance Management, LLC General Partner By: S/ BRIAN WARNER ----------------------------------------- Brian Warner, Manager PERFORMANCE OFFSHORE, LTD. By: S/ CFS COMPANY LTD. ----------------------------------------- Name: CFS Company Ltd. Title: Director -----END PRIVACY-ENHANCED MESSAGE-----