ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

WCBO West Coast Bancorp (MM)

24.28
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
West Coast Bancorp (MM) NASDAQ:WCBO 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% 24.28 0 01:00:00

- Initial Statement of Beneficial Ownership (3)

26/03/2010 1:05am

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Expires: February 28, 2011
Estimated average burden
hours per response...
0.5
                      
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
                      

1. Name and Address of Reporting Person *

Glick Simon

2. Date of Event Requiring Statement (MM/DD/YYYY)
3/19/2010 

3. Issuer Name and Ticker or Trading Symbol

WEST COAST BANCORP /NEW/OR/ [WCBO]

(Last)        (First)        (Middle)

5335 MEADOWS ROAD, SUITE 201

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            _____ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

LAKE OSWEGO, OR 97035       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   7285000   I   By GF Financial, LLC   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Mandatorily Convertible Participating Pref Stock     (2)   (3) Common Stock   439100   $2.00   (4) I   By GF Financial LLC   (1)
Class C Warrant   (5)   (2) (5) 10/23/2016   Common Stock   2750000   (5) $2.00   (4) I   By GF Financial, LLC   (1)

Explanation of Responses:
( 1)  Mr. Glick is the managing member and 55% owner of Siget, L.L.C., which is general partner of Diaco Investments, L.P. Diaco Investments, L.P. owns 90% of GF Financial, LLC.
( 2)  The Series B Mandatorily Convertible Participating Preferred Stock (the "Series B Preferred Stock") is mandatorily convertible into Common Stock, but only if sold to unaffiliated third parties in a widely dispersed offering. GF Financial, LLC's holdings of Series B Preferred Stock are not redeemable and will never be convertible in the hands of GF Financial, LLC.
( 3)  Not applicable.
( 4)  Subject to adjustment as set forth in the terms of the security.
( 5)  The Class C Warrant is exercisable for 55,000 shares of Series B Preferred Stock, which is convertible into 2,750,000 shares of Common Stock.

Remarks:
Exhibit List - Exhibit 24 - Power of Attorney

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Glick Simon
5335 MEADOWS ROAD, SUITE 201
LAKE OSWEGO, OR 97035
X



Signatures
Richard R. Rasmussen, as attorney-in-fact 3/25/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.

1 Year West Coast Bancorp (MM) Chart

1 Year West Coast Bancorp (MM) Chart

1 Month West Coast Bancorp (MM) Chart

1 Month West Coast Bancorp (MM) Chart

Your Recent History

Delayed Upgrade Clock