- Statement of Changes in Beneficial Ownership (4)
November 12 2009 - 3:07PM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Malibu Partner LLC
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2. Issuer Name
and
Ticker or Trading Symbol
Prospect Acquisition Corp
[
PAX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
15332 ANTIOCH STREET, #528
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3. Date of Earliest Transaction
(MM/DD/YYYY)
11/11/2009
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(Street)
PACIFIC PALISADES, CA 90272
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Option (right to buy)
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(1)
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10/14/2009
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J
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1051000
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10/14/2009
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(3)
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Common Stock
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1051000
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(6)
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3954328
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I
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See FN
(4)
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Option (right to buy)
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(1)
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10/16/2009
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J
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1000000
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10/16/2009
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(3)
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Common Stock
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1000000
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(6)
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2954328
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I
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See FN
(4)
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Option (right to buy)
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(2)
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10/21/2009
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J
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200000
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10/21/2009
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(3)
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Common Stock
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200000
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(6)
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2754328
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I
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See FN
(4)
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Option (right to buy)
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(1)
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10/30/2009
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J
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1386338
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10/30/2009
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(3)
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Common Stock
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1386338
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(6)
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1367990
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I
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See FN
(4)
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Option (right to buy)
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(1)
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11/6/2009
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J
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1367990
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11/6/2009
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(3)
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Common Stock
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1367990
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(6)
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0
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I
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See FN
(5)
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Explanation of Responses:
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(
1)
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The pro rata portion of the Issuer's trust account due its public stockholders as set forth in the Company's final definitive
proxy statement filed with the U.S. Securities and Exchange Commission in connection with its Business Combination.
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(
2)
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The pro rata portion of the Issuer's trust account due its public stockholders as set forth in the Company's final definitive
proxy statement filed with the U.S. Securities and Exchange Commission in connection with its Business Combination plus
$0.025.
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(
3)
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The earlier of (i) the day on which the Company liquidates its trust account or (ii) termination by the Reporting Person.
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(
4)
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The shares of common stock that is the subject of this footnote is owned by The Malibu Companies LLC, which is under the
control of Kenneth J. Abdalla, managing member of the Reporting Person.
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(
5)
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The shares of common stock that are the subject of this footnote are owned by Broad Beach Partners, LLC, which is under the
control of Kenneth J. Abdalla, managing member of the Reporting Person.
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(
6)
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The securities were terminated without any consideration paid to the Reporting Person.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Malibu Partner LLC
15332 ANTIOCH STREET
#528
PACIFIC PALISADES, CA 90272
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X
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Signatures
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/s/Kenneth J. Abdalla, Managing Member
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11/12/2009
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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