SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(a)
(Amendment No. 4)(1)
PRICE LEGACY CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.0004 PER SHARE
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(Title of Class of Securities)
74144P502
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(CUSIP Number)
MARK DAITCH
THE 520 GROUP, LLC
7979 IVANHOE AVENUE, SUITE 520
LA JOLLA, CALIFORNIA 92037
TELEPHONE (858) 551-2321
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
DECEMBER 21, 2004
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [_]
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 6 pages)
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1 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 disclosures provided in a prior cover page.
The information required on 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 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. 74144P502 SCHEDULE 13D/A PAGE 2 OF 6 PAGES
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The 520 Group, LLC
81-0632131
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
WC, OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
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SOLE VOTING POWER
NUMBER OF 7
0
SHARES ---------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY ---------------------------------------------------
SOLE DISPOSITIVE POWER
EACH REPORTING 9
0
PERSON ---------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
0
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
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TYPE OF REPORTING PERSON*
14
OO - Limited Liability Company
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* See instructions before filling out!
CUSIP NO. 74144P502 SCHEDULE 13D/A PAGE 3 OF 6 PAGES
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry McComic
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
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SOLE VOTING POWER
NUMBER OF 7
0
SHARES -----------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY -----------------------------------------------------
SOLE DISPOSITIVE POWER
EACH REPORTING 9
0
PERSON -----------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
0
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
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TYPE OF REPORTING PERSON*
14
IN
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* See instructions before filling out!
CUSIP NO. 74144P502 SCHEDULE 13D/A PAGE 4 OF 6 PAGES
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mark Daitch
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
--------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO
--------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
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SOLE VOTING POWER
NUMBER OF 7
0
SHARES -----------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY -----------------------------------------------------
SOLE DISPOSITIVE POWER
EACH REPORTING 9
0
PERSON -----------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
0
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
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TYPE OF REPORTING PERSON*
14
IN
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* See instructions before filling out!
CUSIP NO. 74144P502 SCHEDULE 13D/A PAGE 5 OF 6 PAGES
This Amendment No. 4 to Schedule 13D relates to the common stock, par
value $0.0004 per share, of Price Legacy Corporation ("Price Legacy Common
Stock"), a Maryland corporation ("Price Legacy"), and further amends the
Schedule 13D, jointly filed by The 520 Group, LLC, a California limited
liability company (the "520 Group"), Barry McComic, a natural person, and Mark
Daitch, a natural person, with the Securities and Exchange Commission (the
"SEC") on December 29, 2003 (the "Original 13D"), as amended by Amendment No. 1
thereto, filed with the SEC on January 8, 2004, Amendment No. 2 thereto, filed
with the SEC on March 19, 2004, and Amendment No. 3 thereto, filed with the SEC
on June 23, 2004 (the Original 13D, as so amended, being the "Schedule 13D").
Capitalized terms used but not otherwise defined herein shall have the meanings
ascribed to them in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Schedule 13D is hereby amended to include the following
information:
(a)-(c) On December 21, 2004, PL Acquisition Corp. merged with and into
Price Legacy (the "Merger"). Pursuant to the terms of the
Merger, each share of Price Legacy Common Stock was converted
into the right to receive $19.097 in cash.
Immediately prior to the Merger, the 520 Group beneficially
owned 9,043,296 shares of Price Legacy Common Stock. Pursuant to
the Merger, those 9,043,296 shares were converted into the right
to receive an aggregate of $172,699,823.71 in cash, and the 520
Group ceased to beneficially own any Price Legacy Common Stock.
Immediately prior to the Merger, Mr. McComic did not
beneficially own any Price Legacy Common Stock, except to the
extent that he may have been deemed to have beneficially owned,
by virtue of his position as a manager of the 520 Group, the
Price Legacy Common Stock beneficially owned by the 520 Group.
As a result of the Merger, Mr. McComic ceased to beneficially
own any Price Legacy Common Stock, including any Price Legacy
Common Stock that he may have been deemed to have beneficially
owned.
Immediately prior to the Merger, Mr. Daitch directly owned 3,405
shares of Price Legacy Common Stock over which he had sole
voting and dispositive power. Other than those 3,405 shares, Mr.
Daitch did not beneficially own any Price Legacy Common Stock
immediately prior to the Merger, except to the extent that he
may have been deemed to have beneficially owned, by virtue of
his position as a manager of the 520 Group, the Price Legacy
Common Stock beneficially owned by the 520 Group. As a result of
the Merger, those 3,405 shares were converted into the right to
receive an aggregate of $65,025.29 in cash, and Mr. Daitch
ceased to beneficially own any Price Legacy Common Stock,
including any Price Legacy Common Stock that he may have been
deemed to have beneficially owned.
(d) Not applicable.
(e) December 21, 2004.
CUSIP NO. 74144P502 SCHEDULE 13D/A PAGE 6 OF 6 PAGES
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: December 23, 2004
THE 520 GROUP, LLC
/s/ Mark Daitch
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By: Mark Daitch
Title: Manager
BARRY MCCOMIC
/s/ Barry McComic
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MARK DAITCH
/s/ Mark Daitch
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