X0202 3 2005-09-09 0 0001327012 Coconut Palm Acquisition Corp. CNUTU 0001326150 Prentice Capital Management, LP 623 FIFTH AVENUE, 32ND FLOOR NEW YORK NY 10022 0 0 1 0 0001326156 Zimmerman Michael 623 FIFTH AVENUE, 32ND FLOOR NEW YORK NY 10022 0 0 1 0 Common Stock 1667000 I See (1) and (2) Prentice Capital Management, LP (the "Investment Manager") serves as investment manager to a number of investment funds (including Prentice Capital Partners, LP, Prentice Capital Partners QP, LP and Prentice Capital Offshore, Ltd.) and manages investments for certain entities in managed accounts with respect to which it has voting and dispositive authority over the Common Stock reported in this Form 3. Michael Zimmerman ("Mr. Zimmerman") is responsible for the supervision and conduct of all investment activities of the Investment Manager, including, without limitation, for all investment decisions with respect to the assets of such investment funds and managed accounts. Neither the Investment Manager nor Mr. Zimmerman directly owns any shares of Common Stock. The Investment Manager and Mr. Zimmerman may be deemed to beneficially own 1,667,000 shares of Common Stock, which represents approximately 13.336% of the outstanding shares of Common Stock. Each of the Investment Manager and Mr. Zimmerman disclaims any beneficial ownership of the shares of Common Stock included in this report to the extent such beneficial ownership exceeds such person's pecuniary interest therein. PRENTICE CAPITAL MANAGEMENT, LP, By: Michael Weiss as Chief Financial Officer 2005-09-16