X0203 3/A 2010-03-01 2010-03-10 0 0000831327 IMPERIAL SUGAR CO /NEW/ IPSU 0001228958 PASSPORT MANAGEMENT LLC 30 HOTALING PLACE, STE. 300 SAN FRANCISCO CA 94111 0 0 1 0 0001352425 Burbank John Howard III C/O PASSPORT MANAGEMENT, LLC 30 HOTALING PLACE, STE. 300 SAN FRANCISCO CA 94111 0 0 1 0 0001352428 Passport Capital, LLC C/O PASSPORT MANAGEMENT, LLC 30 HOTALING PLACE, STE. 300 SAN FRANCISCO CA 94111 0 0 1 0 0001426672 BLACKWELL PARTNERS LLC 406 BLACKWELL STREET SUITE 300 DURHAM NC 27701 0 0 1 0 0001486970 PASSPORT AGRICULTURE MASTER FUND SPC LTD FOBO PORTFOLIO A C/O PASSPORT MANAGEMENT LLC 30 HOTALING PLACE, SUITE 300 SAN FRANCISCO CA 94111 0 0 1 0 0001486971 PASSPORT PLUS LLC C/O PASSPORT MANAGEMENT LLC 30 HOTALING PLACE, SUITE 300 SAN FRANCISCO CA 94111 0 0 1 0 0001486972 PASSPORT SPECIAL OPPORTUNITIES MASTER FUND LP C/O PASSPORT MANAGEMENT LLC 30 HOTALING PLACE, SUITE 300 SAN FRANCISCO CA 94111 0 0 1 0 Common Stock 1186015 I See Footnotes CALL - IPSU 100 @ 20 EXP 4/17/2010 20.00 2010-03-01 2010-04-17 Common Shares 24000 I See Footnotes CALL - IPSU 100 @ 22.50 EXP 4/17/2010 22.50 2010-03-01 2010-04-17 Common Shares 4400 I See Footnotes CALL - IPSU 100 @ 25 EXP 4/17/2010 25.00 2010-03-01 2010-04-17 Common Shares 15100 I See Footnotes The securities beneficially owned following the reported transactions are held for the accounts of Passport Agriculture Master Fund SPC Ltd for and on behalf of portfolio A (525,600 shares), Passport Special Opportunities Master Fund, LP (484,915 shares), both British Virgin Islands segregated portfolio companies and Blackwell LLC, a Georgia limited liability company ("Fund I", "Fund II" and "Fund III" respectively, and together the "Funds"). Passport Management, LLC, a Delaware limited liability company ("Passport Management") is the investment manager to the Fund I and Fund II. Passport Plus, LLC, a Delaware limited liability company is the general partner to Fund II. Passport Capital, LLC, a Delaware limited liability company ("Passport Capital") is the managing member of Passport Management, investment manager to Blackwell LLC and managing member to Fund I. John Burbank, a natural person ("Burbank"), is the sole managing member of Passport Capital. As a result, each of Passport Management, Passport Plus, Passport Capital, Blackwell LLC and Burbank may be considered to indirectly beneficially own the securities directly beneficially owned by the Fund. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), Mr. Burbank is deemed to be a beneficial owner of the shares beneficially owned by the Fund only to the extent of the greater of his respective direct or indirect interest in the profits or capital account of such Fund. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that Mr. Burbank is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities owned by the Funds in excess of such amount. This amendment is being filed to include four additional indirect beneficial owners. No other changes have been made. /s/ Passport Agriculture Master Fund SPC Ltd for and on behalf of Portfolio A by John H. Burbank III as director 2010-03-11 /s/ Passport Special Opportunities Master Fund LP by Passport Plus LLC as managing member by Passport Capital LLC as managing member by John H. Burbank III as managing member 2010-03-11 /s/ Blackwell Partners LLC by Passport Capital LLC by John H. Burbank III as managing member 2010-03-11 /s/ Passport Plus LLC by Passport Capital LLC as managing member by John H. Burbank III as managing member 2010-03-11 /s/ Passport Management LLC by Passport Capital LLC as managing member by John H. Burbank III as managing member 2010-03-11 /s/ Passport Capital LLC by John H. Burbank III as managing member 2010-03-11 /s/ John H. Burbank III 2010-03-11