-----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, TZSYTpcMJYtH8Udv+Vg+DGATX41/peqTCirpTuUyujwY3331VqUhduAKq4fZWUUs jcnyPpp7Hju2ATauKMWaVA== 0001209191-07-029463.txt : 20070510 0001209191-07-029463.hdr.sgml : 20070510 20070510180117 ACCESSION NUMBER: 0001209191-07-029463 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070508 FILED AS OF DATE: 20070510 DATE AS OF CHANGE: 20070510 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PAXAR CORP CENTRAL INDEX KEY: 0000075681 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL PRINTING [2750] IRS NUMBER: 135670050 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 105 CORPORATE PARK DRIVE CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 9146976800 FORMER COMPANY: FORMER CONFORMED NAME: PACKAGING SYSTEMS CORP DATE OF NAME CHANGE: 19870401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HERSHAFT ARTHUR CENTRAL INDEX KEY: 0000898489 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09493 FILM NUMBER: 07839395 BUSINESS ADDRESS: STREET 1: 105 CORPORATE PARK DR CITY: WHITE PLAINS STATE: NY ZIP: 10604 4 1 doc4.xml FORM 4 SUBMISSION X0202 4 2007-05-08 0 0000075681 PAXAR CORP PXR 0000898489 HERSHAFT ARTHUR 105 CORPORATE PARK DRIVE WHITE PLAINS NY 10604 1 1 0 0 Chairman Common Stock 2007-05-08 4 J 0 398074 D 1413647 D Prepaid Forward Contract (Right/Obligation to Sell) 2007-05-08 4 J 0 450000 D Common Stock 450000 0 D On November 3, 2005, the reporting person entered into a prepaid forward contract (the "2005 Prepiad Forward Contract") with an unaffiliated third party buyer in which the reporting person agreed to deliver (i) shares of common stock (the "Common Shares"), of the issuer or (ii) an equivalent amount of cash (if elected by him) on or before May 3, 2007 (the "Termination Date"). In exchange for assuming this obligation, the reporting person recieved a cash payment of $6,943,500 as of the date of entering into the contract. The reporting person pledged 450,000 Common Shares to secure his obligations under the 2005 Prepaid Forward Contract were disclosed in an exhibit to the Form 4 dated January 3, 2005. On May 8, 2007, the reporting person delivered 398,074 Common Shares in settlement of the 2005 Prepaid Forward Contract and retained ownership of the remaining 51,926 pledged shares. /s/ Arthur Hershaft 2007-05-10 -----END PRIVACY-ENHANCED MESSAGE-----