sc13g
 
 
UNITED STATES
SECURITIES EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-
1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2
(Amendment No. _____)*
PM LIQUIDATING CORP.
(Name of Issuer)
Common Stock, par value $0.001 per share 
(Title of Class of Securities)
744290305
(CUSIP Number)
December 31, 2008       
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
þ     Rule 13d-1(b)
o     Rule 13d-1(c)
o     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).
 
 

 

                     
CUSIP No.:
  
744290305 
   Page  
2 
   of   
6 

 

           
1   NAMES OF REPORTING PERSONS.

Jefferies & Company, Inc.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   3,381,802
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    3,381,802
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,381,802
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.5%
     
12   TYPE OF REPORTING PERSON:
   
  BD

 

                     
CUSIP No.:
  
92923C104 
   Page  
3 
   of   
6 

 

           
1   NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only)

Jefferies Group, Inc.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   3,381,802
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    3,381,802
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,381,802
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  24.5%
     
12   TYPE OF REPORTING PERSON:
   
  HC

 

                     
CUSIP No.:
  
92923C104 
   Page  
4 
   of   
6 
Item 1
(a) Name of Issuer
PM Liquidating Corp.
(b) Address of Issuer’s Principal Executive Offices
1854 Shackleford Court, Suite 200
Norcross, Georgia 30093
Item 2
(a) Name of Person Filing
Jefferies & Company, Inc.
Jefferies Group, Inc.
(b) Address of Principal Business Office or, if None, Residence
520 Madison Ave., 12th Floor
New York, New York 10022
(c) Citizenship
Delaware
(d) Title of Class of Securities
Common Stock, par value $0.001 per share
(e) CUSIP Number
744290305
Item 3     If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
         
(a)
  þ   Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
 
        
(b)
  o   Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
 
        
(c)
  o   Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
 
        
(d)
  o   Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
 
        
(e)
  o   An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

 

                     
CUSIP No.:
  
92923C104 
   Page  
5 
   of   
6 
         
(f)
  o   An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
 
        
(g)
  o   A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G);
 
        
(h)
  o   A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
        
(i)
  o   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
        
(j)
  o   Group, in accordance with Rule13d-1(b)(1)(ii)(J).
Item 4 Ownership
The following sets forth beneficial ownership information:
             
(a)
  Amount beneficially owned:     3,381,802  
 
            
(b)
  Percent of class:     24.5%  
 
            
(c)
  Number of shares as to which the person has:        
                 
 
  (i)   Sole power to vote or to direct the vote:     0  
 
                
 
  (ii)   Shared power to vote or direct the vote:     3,381,802  
 
                
 
  (iii)   Sole power to dispose or direct the disposition of:     0  
 
                
 
  (iv)   Shared power to dispose or direct the disposition of:     3,381,802  
Jefferies Group, Inc. is the parent company of Jefferies & Company, Inc. Jefferies Group, Inc. disclaims beneficial ownership over shares held by Jefferies & Company, Inc.
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

 

 

                     
CUSIP No.:
  
92923C104 
   Page  
6 
   of   
6 
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.
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: January 7, 2009
      Jefferies & Company, Inc.    
 
            
 
      /s/ Roland T. Kelly
 
Roland T. Kelly 		   
 
      Managing Director and    
 
      Associate General Counsel    
 
            
Dated: January 7, 2009
      Jefferies Group, Inc.    
 
            
 
      /s/ Roland T. Kelly
 
Roland T. Kelly 		   
 
      Assistant Secretary    
Jefferies & Company, Inc. and Jefferies Group, Inc. have agreed to jointly file this Schedule.