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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
RADCLIFFE DONALD S 19800 MACARTHUR BLVD SUITE 1200 IRVINE, CA 92612 |
X |
Gwyn White, Attorney-in-Fact | 05/18/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | When I returned to the board of Island Pacific after a 9 month absence, I reported ny positions in Island Pacific on Form 3 believing that a sale of 4,000 shares had taken place. Later I learned that the 4,000 shares had not been sold leaving me with a higher position in Island Pacific by 4,000 shares. I then sold the 4,000 share position in two separate transactions. These transactions were inadvertently missed on Form 4. |
(2) | When completing Form 3, I believed that DG Investors (a partnership in which I had a 50% interest that terminated in 2004) did not hold any remaining positions in Island Pacific. Later, when closing out the DG account, I learned that a 2,000 share position remained open and sold it. My proportionate share of this transaction was inadvertently missed on Form 4. |
(3) | I sold 38,000 shares in separate transactions of mostly 1,000 to 2,000 shares each. I believed that all of the transactions had been reported on Form 4 but later learned that I had inadvertently missed a 1,000 share transaction in the Form 4 report. |
(4) | The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest in such shares. |
Remarks: Report 5 of 5 |