UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PETTINATO FRANCO C/O ASCENDIA BRANDS, INC. 100 AMERICAN METRO BOULEVARD, SUITE 108 HAMILTON, NJ 08619 |
 |  |  Senior V.P., Operations |  |
/s/ Frank Pettinato | 02/15/2007 | |
**Signature of Reporting Person | Date |
* | 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). |
 Remarks: On February 14, 2007, the holders of the Common Stock of the Issuer, at an annual meeting of the stockholders of the Issuer,  approved a resolution providing for the conversion of each then outstanding share of Series A Junior Participating Preferred  Stock into 10,208.9664 shares of Common Stock of the Company.  In accordance with the designations of the Series A Junior  Participating Preferred Stock, without any further action by the Issuer or the Filing Person, the 127.6837 shares of Series  A Junior Participating Preferred Stock owned by the Filing Person were immediately after the stockholder vote converted into  an aggregate of 1,303,519 shares of Common Stock of the Issuer. |