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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Portec Rail Products, Inc. (MM) | NASDAQ:PRPX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.79 | 0 | 01:00:00 |
SECURITIES AND EXCHANGE COMMISSION
|
|
Washington, D.C. 20549
|
|
_______________
|
|
SCHEDULE 13D
|
|
Under the Securities Exchange Act of 1934
|
|
|
|
Portec Rail Products, Inc . | |
(Name of Issuer)
|
|
Common Stock, par value $1.00 per share | |
(Title of Class of Securities)
|
|
736212101 | |
(CUSIP Number)
|
Steven J. Pully
|
Carlson Capital, L.P. |
2100 McKinney Avenue, Suite 1800 |
Dallas, TX 75201 |
(214) 932-9600
|
with a copy to |
David E. Rosewater |
Schulte Roth & Zabel LLP |
919 Third Avenue |
New York, New York 10022 |
(212) 756-2000 |
(Name, Address and Telephone Number of Person |
Authorized to Receive Notices and Communications) |
December 14, 2010 |
(Date of Event which Requires
|
Filing of this Schedule)
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
2
of 13 Pages
|
1
|
NAME OF REPORTING PERSON
Double Black Diamond Offshore Ltd.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
¨
(b)
¨
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS*
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
390,991
|
||
8
|
SHARED VOTING POWER
0
|
|||
9
|
SOLE DISPOSITIVE POWER
390,991
|
|||
10
|
SHARED DISPOSITIVE POWER
0
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
390,991
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
4.1
%
|
|||
14
|
TYPE OF REPORTING PERSON*
CO
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
3
of 13 Pages
|
1
|
NAME OF REPORTING PERSON
Black Diamond Offshore Ltd.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
¨
(b)
¨
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS*
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
21,023
|
||
8
|
SHARED VOTING POWER
0
|
|||
9
|
SOLE DISPOSITIVE POWER
21,023
|
|||
10
|
SHARED DISPOSITIVE POWER
0
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
21,023
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
0.2
%
|
|||
14
|
TYPE OF REPORTING PERSON*
CO
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
4
of 13 Pages
|
1
|
NAME OF REPORTING PERSON
Black Diamond Arbitrage Offshore Ltd.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
¨
(b)
¨
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS*
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
9,985
|
||
8
|
SHARED VOTING POWER
0
|
|||
9
|
SOLE DISPOSITIVE POWER
9,985
|
|||
10
|
SHARED DISPOSITIVE POWER
0
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
9,985
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
0.1%
|
|||
14
|
TYPE OF REPORTING PERSON*
CO
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
5
of 13 Pages
|
1
|
NAME OF REPORTING PERSON
Carlson Capital, L.P.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
¨
(b)
¨
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS*
AF
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
503,674
|
||
8
|
SHARED VOTING POWER
0
|
|||
9
|
SOLE DISPOSITIVE POWER
503,674
|
|||
10
|
SHARED DISPOSITIVE POWER
0
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
503,674
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
5.2%
|
|||
14
|
TYPE OF REPORTING PERSON*
PN
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
6
of 13 Pages
|
1
|
NAME OF REPORTING PERSON
Asgard Investment Corp. II
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
¨
(b)
¨
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS*
AF
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
503,674
|
||
8
|
SHARED VOTING POWER
0
|
|||
9
|
SOLE DISPOSITIVE POWER
503,674
|
|||
10
|
SHARED DISPOSITIVE POWER
0
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
503,674
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
5.2%
|
|||
14
|
TYPE OF REPORTING PERSON*
CO
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
7
of 13 Pages
|
1
|
NAME OF REPORTING PERSON
Asgard Investment Corp.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
¨
(b)
¨
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS*
AF
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
503,674
|
||
8
|
SHARED VOTING POWER
0
|
|||
9
|
SOLE DISPOSITIVE POWER
503,674
|
|||
10
|
SHARED DISPOSITIVE POWER
0
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
503,674
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
5.2%
|
|||
14
|
TYPE OF REPORTING PERSON*
CO
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
8
of 13 Pages
|
1
|
NAME OF REPORTING PERSON
Clint D. Carlson
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a)
¨
(b)
¨
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS*
AF
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
503,674
|
||
8
|
SHARED VOTING POWER
0
|
|||
9
|
SOLE DISPOSITIVE POWER
503,674
|
|||
10
|
SHARED DISPOSITIVE POWER
0
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
503,674
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
5.2%
|
|||
14
|
TYPE OF REPORTING PERSON*
IN
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
9
of 13 Pages
|
Item 1.
|
Security and the Issuer
|
Item 2.
|
Identity and Background
|
Item 3.
|
Source and Amount of Funds or other Consideration
|
Item 4.
|
Purpose of Transaction
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
10
of 13 Pages
|
Item 5.
|
Interest in Securities of the Issuer
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
11
of 13 Pages
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
|
Item 7.
|
Material to Be Filed as Exhibits
|
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
12
of 13 Pages
|
BLACK DIAMOND OFFSHORE LTD. | |||
|
By:
|
Carlson Capital, L.P., | |
its investment manager |
|
By:
|
Asgard Investment Corp. II, | |
its general partner |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
DOUBLE BLACK DIAMOND OFFSHORE LTD. | |||
|
By:
|
Carlson Capital, L.P., | |
its investment manager |
|
By:
|
Asgard Investment Corp. II, | |
its general partner |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
BLACK DIAMOND ARBITRAGE OFFSHORE LTD. | |||
|
By:
|
Carlson Capital, L.P., | |
its investment manager |
|
By:
|
Asgard Investment Corp. II, | |
its general partner |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
CARLSON CAPITAL, L.P. | |||
|
By:
|
Asgard Investment Corp. II, | |
its general partner | |||
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
CUSIP No. 736212101
|
SCHEDULE 13D
|
Page
13
of 13 Pages
|
ASGARD INVESTMENT CORP. II | |||
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
ASGARD INVESTMENT CORP. | |||
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
|
/s/ Clint D. Carlson | ||
Clint D. Carlson | |||
Double Black Diamond Offshore Ltd.
|
||
Trade Date
|
Amount Purchased (Sold)
|
Price per Share ($)
|
11/5/10
11/17/10
11/19/10
11/22/10
11/23/10
11/30/10
12/1/10
12/6/10
12/14/10
12/14/10
|
185
1,550
23,200
7,735
3,870
1,935
3,870
7,735
7,778
19,445
|
$11.55
$11.55
$11.55
$11.53
$11.54
$11.55
$11.55
$11.55
$11.80
$11.80
|
Black Diamond Offshore Ltd.
|
||
Trade Date
|
Amount Purchased (Sold)
|
Price per Share ($)
|
11/5/10
11/17/10
11/19/10
11/22/10
11/23/10
11/30/10
12/1/10
12/6/10
12/14/10
12/14/10
|
5
80
1,220
405
200
100
200
405
404
1,010
|
$11.55
$11.55
$11.55
$11.53
$11.54
$11.55
$11.55
$11.55
$11.80
$11.80
|
Black Diamond Arbitrage Offshore Ltd.
|
|||
Trade Date
|
Amount Purchased (Sold)
|
Price per Share ($)
|
|
11/17/10
11/19/10
11/22/10
11/23/10
11/30/10
12/1/10
12/6/10
12/14/10
12/14/10
|
40
600
200
100
50
100
200
202
505
|
$11.55
$11.55
$11.53
$11.54
$11.55
$11.55
$11.55
$11.80
$11.80
|
Managed Accounts for which Carlson Capital, L.P. is Investment Manager
|
||
Trade Date
|
Amount Purchased (Sold)
|
Price per Share ($)
|
11/5/10
11/5/10
11/17/10
11/17/10
11/19/10
11/19/10
11/22/10
11/22/10
11/23/10
11/23/10
11/30/10
11/30/10
12/1/10
12/1/10
12/6/10
12/6/10
12/14/10
12/14/10
12/14/10
12/14/10
|
30
5
280
50
4,200
780
1,400
260
700
130
350
65
700
130
1,400
260
1,414
202
3,535
505
|
$11.55
$11.55
$11.55
$11.55
$11.55
$11.55
$11.53
$11.53
$11.54
$11.54
$11.55
$11.55
$11.55
$11.55
$11.55
$11.55
$11.80
$11.80
$11.80
$11.80
|
Asgard Investment Corp. II
|
|||
Name
|
Position
|
Principal Occupation
|
Citizenship
|
Clint Carlson
|
Director/President
|
Investment Manager
|
United States
|
Nancy Carlson
|
Secretary/Treasurer
|
Executive
|
United States
|
Asgard Investment Corp.
|
|||
Name
|
Position
|
Principal Occupation
|
Citizenship
|
Clint Carlson
|
Director/President
|
Investment Manager
|
United States
|
Nancy Carlson
|
Secretary/Treasurer
|
Executive
|
United States
|
BLACK DIAMOND OFFSHORE LTD. | |||
|
By:
|
Carlson Capital, L.P., | |
its investment manager |
|
By:
|
Asgard Investment Corp. II, | |
its general partner |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
DOUBLE BLACK DIAMOND OFFSHORE LTD. | |||
|
By:
|
Carlson Capital, L.P., | |
its investment manager |
|
By:
|
Asgard Investment Corp. II, | |
its general partner |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
BLACK DIAMOND ARBITRAGE OFFSHORE LTD. | |||
|
By:
|
Carlson Capital, L.P., | |
its investment manager |
|
By:
|
Asgard Investment Corp. II, | |
its general partner |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
CARLSON CAPITAL, L.P. | |||
|
By:
|
Asgard Investment Corp. II, | |
its general partner |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
ASGARD INVESTMENT CORP. II |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
ASGARD INVESTMENT CORP. |
|
By:
|
/s/ Clint D. Carlson | |
Name: Clint D. Carlson | |||
Title: President |
|
|
/s/ Clint D. Carlson | |
Clint D. Carlson |
1 Year Portec Rail Chart |
1 Month Portec Rail Chart |
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