Filing Details

Accession Number:
0001179110-11-009599
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-06-14 17:39:12
Reporting Period:
2011-06-13
Filing Date:
2011-06-14
Accepted Time:
2011-06-14 17:39:12
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
893813 Penn Octane Corp POCC Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172) 521790357
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1326580 J Nicholas Singer 650 Madison Avenue
23Rd Floor
New York NY 10022
Yes No No No
1409888 L.p. General Standard 650 Madison Avenue
23Rd Floor
New York NY 10022
No No No Yes
1418202 Soohyung Kim 650 Madison Avenue
23Rd Floor
New York NY 10022
No No No Yes
1418203 L.p. Fund Master General Standard Walkers Spv Limited
Walker House Marty Street
Georgetown E9 ky1-1002
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2011-06-13 2,100,000 $0.07 7,812,195 No 4 P Indirect See Footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnotes
Footnotes
  1. The shares of Common Stock, par value $0.01 per share, of the Issuer reported herein (the "Shares") are held directly by Standard General Master Fund L.P., a Cayman Islands exempted limited partnership ("Standard General Master Fund"). Standard General L.P., a Delaware limited partnership ("Standard General"), serves as the investment manager of Standard General Master Fund and pursuant to an investment management agreement has all investment and voting power with respect to the securities held by Standard General Master Fund. Mr. Soohyung Kim ("Mr. Kim") and Mr. Nicholas J. Singer ("Mr. Singer") have controlling interests in Standard General S Corp., a Delaware corporation, which is the general partner of Standard General Holdings, L.P., a Delaware limited partnership, which is in turn the general partner of Standard General. (continued on next footnote)
  2. (continued from prior footnote) In addition, Mr. Kim and Mr. Singer serve as co-managing members of Standard General Management LLC, a Delaware limited liability company, which is the managing member of Standard General GP LLC, a Delaware limited liability company, which is in turn the general partner of Standard General Master Fund. Standard General, Mr. Kim and Mr. Singer (Standard General, Mr. Kim and Mr. Singer, together with Standard General Master Fund, the "Reporting Persons") may be deemed to beneficially own the Shares by virtue of the foregoing relationships. In accordance with instruction 4(b)(iv), the entire number of the securities that may be deemed to be beneficially owned by the Reporting Persons is reported herein. Each of the Reporting Persons hereby disclaims beneficial ownership of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934 except to the extent of his or its pecuniary interest therein.