Mr. Cagle now owns
307,714 shares personally, and shares in control of the 1,191,104 shares
owned by the LLC, for a total beneficial ownership of 1,498,818 shares, which
equals 32.5 % of the class of stock identified in Item 1. Mr. Cagle has the sole power to vote
and dispose of his own Shares, and, as a manager of the LLC, shares the power
to vote and dispose of the Shares held by the LLC with his father, J. Douglas
Cagle, and his brother, G. Douglas
Cagle, the other two managers of the LLC.
No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of such securities.
J. Douglas Cagle is a
U.S. citizen whose business address is 1385 Collier Road, N.W., Atlanta,
Georgia 30318. His primary occupation is Chief Executive
Officer of the issuer, Cagles, Inc.
In addition to the Shares owned by the LLC, he is the beneficial owner
of 1,144,480 shares which he owns personally and over which he has the sole
power of voting and disposition.
Furthermore, he is the trustee of the trust which transferred shares
to the LLC and units in the LLC to the trust beneficiaries. The trust no longer beneficially owns any
Shares. During the past five years, he
has not been convicted in any criminal proceeding, and has not become subject
to any judgment, decree or final order enjoining the future violations of, or
prohibiting or mandating activity subject to, federal or state securities law
or finding any violation with respect to such laws.
G. Douglas Cagle is a
U.S. citizen whose business address is 1385 Collier Road, N.W., Atlanta,
Georgia 30318. His primary occupation is Vice President of
the issuer, Cagles, Inc. 177,876
units of the LLC transferred by the trust as described in Item 3 were
transferred to G. Douglas Cagle as
custodian for his minor child. No
consideration was involved. On the
same date as the transfers set out in Item 3, 60,249 units in the LLC which
Mr. Cagle held as custodian for his adult child were transferred into
the name of the child, who had reached the age of majority. No consideration was involved. In addition to the Shares owned by the LLC,
he is the beneficial owner of 336,116 shares which he owns personally and
over which he has the sole power of voting and disposition. During the past five years, he has not been
convicted in any criminal proceeding, and has not become subject to any
judgment, decree or final order enjoining the future violations of, or
prohibiting or mandating activity subject to, federal or state securities law
or finding any violation with respect to such laws.
No other transactions
in the Common Stock of Cagles, Inc.
have been effected by any person named in this Item during the past 60
days or since the most recent filing of Schedule 13D, whichever is less.
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