Introduction
This Amendment No. 2 (“Amendment No. 2”) amends Items 3 and 5 of the Schedule 13D originally filed by (i) FVP Master Fund, L.P., a Cayman Islands exempted limited partnership (“FVP Master Fund”), (ii) FVP US-Q, LP, a Delaware limited partnership (“FVP Fund” and, together with the FVP Master Fund, “Funds”), (iii) Firefly Value Partners, LP, a Delaware limited partnership (“Firefly Partners”), which serves as the investment manager of the Funds pursuant to investment management agreements, (iv) FVP GP, LLC, a Delaware limited liability company (“FVP GP”), which serves as the general partner of the Funds, (v) Firefly Management Company GP, LLC, a Delaware limited liability company (“Firefly Management”), which serves as the general partner of Firefly Partners, and (vi) Messrs. Ryan Heslop and Ariel Warszawski, the managing members of FVP GP and Firefly Management (all of the foregoing, collectively, “Reporting Persons”) on April 23, 2010 (the “Original Statement”) and Amendment No. 1 to the Original Statement filed on May 5, 2010 (“Amendment No. 1”). This Amendment No. 2 relates to Trust Preferred Securities (“Shares”) of Temecula Valley Bancorp, Inc. Unless specifically amended hereby, the disclosure set forth in the Original Statement, as amended by Amendment No. 1, shall remain unchanged.
Item 3 Source and Amount of Funds or Other Consideration
The gross investment costs (including commissions, if any) of the Shares purchased by the Reporting Persons is approximately $189,196.97, at purchase prices ranging from $0.05 to $0.6155 per Share. The source of these funds was the working capital of the Funds, for which Firefly Partners act as investment manager.
Item 5. Interest in Securities of the Issuer
a.
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The responses of the Reporting Persons to Items (11) and (13) on the cover pages of this Amendment No. 1 are incorporated herein by reference. The total number of Shares outstanding is 2,213,750.
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b.
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The responses of the Reporting Persons to Items (7) through (10) on the cover pages of this Amendment No. 1 are incorporated herein by reference.
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c.
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See Item 3, above, and Item 4 in the Original Statement. The transactions in the Issuer’s securities by each of FVP Master Fund and FVP Fund in the last sixty days are listed as ANNEX A attached hereto and made a part hereof.
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d.
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None.
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e.
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Not applicable.
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ANNEX A
Account
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Date
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Buy/Sell
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Number of
Shares
1
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Price per
Share ($)
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FVP Master Fund
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March 18, 2010
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Buy
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4,844
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0.0500
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FVP Fund
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March 18, 2010
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Buy
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6,056
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0.0500
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FVP Master Fund
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March 19, 2010
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Buy
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26,313
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0.0837
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FVP Fund
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March 19, 2010
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Buy
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32,897
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0.0837
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FVP Master Fund
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March 22, 2010
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Buy
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7,022
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0.1000
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FVP Fund
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March 22, 2010
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Buy
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8,778
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0.1000
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FVP Master Fund
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March 23, 2010
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Buy
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889
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0.1000
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FVP Fund
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March 23, 2010
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Buy
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1,111
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0.1000
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FVP Master Fund
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March 30, 2010
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Buy
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85,991
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0.1300
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FVP Fund
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March 30, 2010
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Buy
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107,509
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0.1300
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FVP Master Fund
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March 31, 2010
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Buy
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5,624
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0.1500
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FVP Fund
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March 31, 2010
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Buy
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7,031
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0.1500
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FVP Master Fund
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April 1, 2010
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Buy
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1,292
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0.1500
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FVP Fund
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April 1, 2010
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Buy
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1,658
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0.1500
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FVP Master Fund
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April 6, 2010
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Buy
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897
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0.1500
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FVP Fund
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April 6, 2010
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Buy
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1,153
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0.1500
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FVP Master Fund
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April 21, 2010
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Buy
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54,336
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0.4455
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FVP Fund
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April 21, 2010
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Buy
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69,775
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0.4455
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FVP Master Fund
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April 22, 2010
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Buy
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32,135
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0.6115
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FVP Fund
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April 22, 2010
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Buy
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41,265
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0.6115
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FVP Master Fund
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May 4, 2010
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Buy
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12,581
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0.4767
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FVP Fund
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May 4, 2010
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Buy
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18,919
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0.4767
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FVP Master Fund
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May 4, 2010
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Buy
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20,196
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0.4800
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FVP Fund
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May 4, 2010
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Buy
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30,369
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0.4800
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FVP Master Fund
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May 5, 2010
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Buy
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1,997
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0.5000
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FVP Fund
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May 5, 2010
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Buy
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3,003
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0.5000
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FVP Master Fund
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May 5, 2010
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Buy
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2,698
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0.4912
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FVP Fund
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May 5, 2010
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Buy
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4,057
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0.4912
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FVP Master Fund
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May 6, 2010
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Buy
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1,997
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0.4800
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FVP Fund
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May 6, 2010
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Buy
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3,003
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0.4800
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FVP Master Fund
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May 7, 2010
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Buy
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3,994
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0.4800
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FVP Fund
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May 7, 2010
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Buy
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6,006
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0.4800
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FVP Master Fund
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May 7, 2010
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Buy
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1,358
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0.4800
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FVP Fund
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May 7, 2010
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Buy
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2,042
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0.4800
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1
All transactions relate to Trust Preferred shares, as described in Item 1 on the Original Statement.
Signature
After reasonable inquiry, and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: May 11, 2010
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/s/
Ryan Heslop
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Ryan Heslop
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Ariel Warszawski
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Firefly Value Partners, LP
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FVP GP, LLC
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Firefly Management Company GP, LLC
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FVP Master Fund, L.P.
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FVP US-Q, LP
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/s/ Ariel Warszawski
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Ariel Warszawski, for himself and as Managing Member of FVP GP (for itself and as general partner of each of the Funds) and Firefly Management (for itself and as general partner of Firefly Partners)
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