MMPIQ .22 - 680K Insider buy(Mr. Stephen S. Taylor)
Explanation of Responses:
1. Mr. Stephen S. Taylor may be deemed to hold an indirect beneficial interest in these common stock shares of Meruelo Maddux Properties Inc. (the "Issuer"), which are directly beneficially owned by Taylor International Fund, Ltd. ("TIF"). Mr. Taylor is the President of Taylor Asset Management Inc., which is the Investment Manager of TIF. Mr. Taylor also owns 3,666,108 shares of the Issuer directly. The total amount of the Issuer's securities owned by Mr. Taylor, both directly and indirectly, following the June 11, 2010, transaction is 12,774,784
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
TAYLOR STEPHEN S
(Last) (First) (Middle)
714 S. DEARBORN STREET 2ND FLOOR
(Street)
CHICAGO IL 60605
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Meruelo Maddux Properties, Inc. [MMPI] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/10/2010 P 70,000 A $ 0.0784 8,808,676 I See Note (1)
Common Stock 06/11/2010 P 300,000 A $ 0.1425 9,108,676 I See Note (1)
Common Stock 06/11/2010 P 241,000 A $ 0.0991 3,595,858 D
Common Stock 06/11/2010 P 70,250 A $ 0.154 3,666,108 D