UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Fog Cutter Capital Group Inc. .
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(Name of Issuer)
Common Stock, par value $.0001 per share
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(Title of Class of Securities)
971892104
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(CUSIP Number)
Clarence B. Coleman
2401 Merced Street, Suite 300
San Leandre, CA 94577
(510) 614-5555
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
November 6, 2003
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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 which 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.
(Page 1of 8 pages)
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*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).
SCHEDULE 13D
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CUSIP NO. 971892104 PAGE 2 OF 8 PAGES
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Clarence B. Coleman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
823,189
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9 SOLE DISPOSITIVE POWER
0
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10 SHARED DISPOSITIVE POWER
823,189
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
823,189
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.49%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT*
SCHEDULE 13D
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CUSIP NO. 971892104 PAGE 3 OF 8 PAGES
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joan F. Coleman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------------------
8 SHARED VOTING POWER
823,189
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
823,189
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
823,189
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.49%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT*
CUSIP NO. 971892104 PAGE 4 OF 8 PAGES
Clarence B. Coleman and Joan F. Coleman (the "Reporting Persons") hereby
file this Amendment No. 2 (this "Amendment") to amend and supplement the
statement on Amendment No. 1 to Schedule 13D dated October 30, 2002 and filed on
November 4, 2002 which amended the Schedule 13D of the Reporting Persons, dated
October 15, 1999 (together, the "Statement").
ITEM 1. SECURITY AND ISSUER
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Fog Cutter Capital Group Inc. Common Stock ($.0001 Par Value) (the "Common
Stock")
Fog Cutter Capital Group Inc.
1410 SW Jefferson
Portland, OR 97201
ITEM 2. IDENTITY AND BACKGROUND
--------------------------------
This Statement is being filed by the Reporting Persons, both citizens of
the United States. The Reporting Persons are husband and wife. The Reporting
Persons are sophisticated investors. Mr. Coleman has more than 50 years of
investing experience. Mr. Coleman is a private investor and Mrs. Coleman is a
housewife. The business and mailing address of each of the Reporting Persons is
2401 Merced Street, Suite 300, San Leandre, CA 94577.
Neither of the Reporting Persons has, during the last five years, been
convicted in any criminal proceeding (excluding traffic violations or similar
misdemeanors). Neither of the Reporting Persons has, during the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to federal or state securities laws or finding
any violations with respect to such laws.
Information with respect to each of the Reporting Persons is given solely
by such Reporting Person and neither Reporting Person has responsibility for the
accuracy or completeness of information supplied by the other Reporting Person.
CUSIP NO. 971892104 PAGE 5 OF 8 PAGES
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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Not applicable.
ITEM 4. PURPOSE THE TRANSACTION.
--------------------------------
Based on factors they deem relevant, the Reporting Persons may continue to
dispose of (or acquire) additional shares of Common Stock in public or private
transactions.
Other than as described above, neither of the Reporting Persons has any
present plans or proposals which would relate to or would result in any of the
matters referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
---------------------------------------------
(a) As of the date of this Amendment, the Reporting Persons are the
beneficial owners of an aggregate of 823,189 shares of Common Stock representing
9.49% of the total class outstanding.
(b) The Reporting Persons share voting and dispositive power with respect
to the 823,189 shares of the Common Stock owned by them as of the date of the
filing of this Amendment.
(c) Set forth below is certain information concerning all transactions in
the Common Stock in which the Reporting Persons have engaged during the 60 days
preceeding the date of event requiring the filing of this Amendment and through
the date of the filing of this Amendment:
Transaction Date Number of Shares Sold Price Per Share
---------------- --------------------- ---------------
10/16/03 2,000 $5.20
10/17/03 2,000 $5.20
10/20/03 4,000 $5.30
10/21/03 100 $5.30
10/22/03 6,000 $5.3167
10/23/03 100 $5.35
10/24/03 3,500 $5.3029
11/3/03 6,500 $5.1962
11/5/03 4,200 $5.20
11/6/03 1,800 $5.20
11/7/03 3,000 $5.20
11/10/03 1,800 $5.20
11/11/03 3,000 $5.20
11/12/03 1,100 $5.20
12/15/03 1,200 $5.50
2/27/04 14,000 $6.3036
CUSIP NO. 971892104 PAGE 6 OF 8 PAGES
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
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SECURITIES OF THE ISSUER.
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Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
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Exhibit No. 1 Joint Filing Agreement
CUSIP NO. 971892104 PAGE 7 OF 8 PAGES
Signature
The Power of Attorney appointing Clarence B. Coleman as attorney-in-fact
and agent of Joan F. Coleman is incorporated by reference from the Schedule 13D
filed by Mr. and Mrs. Coleman on November 1, 1999.
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.
March 9, 2004
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(Date)
/s/ Clarence B. Coleman
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(Signature)
Clarence B. Coleman
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(Name/Title)
March 9, 2004
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(Date)
/s/ Clarence B. Coleman
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(Signature)
Clarence B. Coleman, Attorney-in-Fact
And Agent of Joan F. Coleman
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(Name/Title)
CUSIP NO. 971892104 PAGE 8 OF 8 PAGES
SCHEDULE 13D/A
Exhibit No. 1
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JOINT FILING AGREEMENT
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Each of the undersigned hereby agrees that the Schedule 13D/A, to which
this Agreement is attached as Exhibit 1, and all amendments thereto may be filed
on behalf of each such persons.
/s/ Clarence B. Coleman
Dated: March 9, 2004 -------------------------------------
Clarence B. Coleman
/s/ Clarence B. Coleman
Dated: March 9, 2004 -------------------------------------
Clarence B. Coleman, Attorney-in-Fact and
Agent of Joan F. Coleman