SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Covol Technologies, Inc.
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
223575-10-1
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(CUSIP Number)
August 6, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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CUSIP No. 223575-10-1
1 NAME OF REPORTING PERSON
I.R.S. Identification No. of above person (entities only).
OZ Management, L.L.C.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER
0 Shares
6 SHARED VOTING POWER
1,814,953 Shares (includes 1,243,523 shares of Common Stock
issuable upon conversion of 48,000 shares of Series D Convertible
Preferred Stock, 228,572 shares of Common Stock issuable upon
exercise of Series C Warrants (at $5.25 per share) and 342,858
shares of Common Stock issuable upon exercise of Series D Warrants
(at $6.56 per share))
7 SOLE DISPOSITIVE POWER
0 Shares
8 SHARED DISPOSITIVE POWER
1,814,953 Shares (includes 1,243,523 shares of Common Stock
issuable upon conversion of 48,000 shares of Series D Convertible
Preferred Stock, 228,572 shares of Common Stock issuable upon
exercise of Series C Warrants (at $5.25 per share) and 342,858
shares of Common Stock issuable upon exercise of Series D Warrants
(at $6.56 per share))
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,814,953 Shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.5%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO/IA
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CUSIP No. 223575-10-1
1 NAME OF REPORTING PERSON
I.R.S. Identification No. of above person (entities only).
OZ Master Fund, Ltd.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER
0 Shares
6 SHARED VOTING POWER
1,814,953 Shares (includes 1,243,523 shares of Common Stock
issuable upon conversion of 48,000 shares of Series D Convertible
Preferred Stock, 228,572 shares of Common Stock issuable upon
exercise of Series C Warrants (at $5.25 per share) and 342,858
shares of Common Stock issuable upon exercise of Series D Warrants
(at $6.56 per share))
7 SOLE DISPOSITIVE POWER
0 Shares
8 SHARED DISPOSITIVE POWER
1,814,953 Shares (includes 1,243,523 shares of Common Stock
issuable upon conversion of 48,000 shares of Series D Convertible
Preferred Stock, 228,572 shares of Common Stock issuable upon
exercise of Series C Warrants (at $5.25 per share) and 342,858
shares of Common Stock issuable upon exercise of Series D Warrants
(at $6.56 per share))
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,814,953 Shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.5%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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This Statement on Schedule 13G relates to shares of Common Stock of the
Company ("Shares") held for the accounts of OZ Master Fund. OZ Management
serves as principal investment manager to OZ Master Fund, and as such, has
been granted investment discretion over portfolio investments, including the
Shares, held for the account of OZ Master Fund. Mr. Daniel S. Och is the
managing member of OZ Management. As such, he may be deemed to control such
entity and therefore, indirectly, the Shares reported hereby.
Item 1(a) Name of issuer: Covol Technologies, Inc., a Delaware
corporation (the "Company").
Item 1(b) Address of issuer's principal executive offices: 3280 North
Frontage Road, Lehi, Utah 84043.
Item 2(a) Name of person filing:
This statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) OZ Management, L.L.C., a Delaware limited liability company ("OZ
Management").
ii) OZ Master Fund, Ltd., a Cayman Islands exempted limited company ("OZ
Master Fund").
2(b) Address or principal business office or, if none, residence:
The address of the principal business office of OZ Management is 153 East
53rd Street, 44th Floor, New York, New York 10022.
The address of the principal business office of OZ Master Fund is c/o
Goldman Sachs (Cayman) Trust, Limited, P.O. Box 896, Harbour Centre, Second
Floor, North Church Street, George Town, Grand Cayman, Cayman Islands, B.W.I.
2(c) Citizenship:
i) OZ Management, L.L.C. is a Delaware limited liability company.
ii) OZ Master Fund, Ltd. is a Cayman Islands exempted limited company.
2(d) Title of class of securities: Common Stock
2(e) CUSIP No.: 223575-10-1
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or Rule
13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in section 3(a)(19) of the Exchange
Act.
(d) [ ] Investment company registered under section 8 of the Investment
Company Act.
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G).
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [x]
Item 4. Ownership
See cover page for each Reporting Person.
OZ Master Fund is the record owner, through the exercise or conversion of
derivative securities, of 1,814,953 Shares as of the close of business on the
reporting date. Such 1,814,953 Shares are comprised of 1,243,523 Shares
issuable upon conversion of 48,000 shares of Series D Convertible Preferred
Stock, 228,572 Shares issuable upon exercise of Series C Warrants at $5.25 per
Share and 342,858 Shares issuable upon exercise of Series D Warrants at $6.56
per Share. OZ Management acts as investment manager to OZ Master Fund and has
shared voting and dispositive authority over the Shares owned of record by
OZ Master Fund.
Item 5. Ownership of 5 Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [ ]
Item 6. Ownership of More than 5 Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: August 16, 1999.
OZ MANAGEMENT, L.L.C.
By: /s/ Daniel S. Och
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Name: Daniel S. Och
Title: Managing Member
OZ MASTER FUND, LTD.
By: OZ MANAGEMENT, L.L.C.
as Investment Manager
By: /s/ Daniel S. Och
- ----------------------------------
Name: Daniel S. Och
Title: Managing Member
EXHIBIT A
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of
1934, the undersigned agree to the joint filing of a Statement on Schedule 13G
(including any and all amendments thereto, and any filing on Schedule 13D
relating to the same investment) with respect to the shares of common stock, par
value $.001 per share, of Covol Technologies, Inc., and further agree that this
Joint Filing Agreement be included as an Exhibit thereto. In addition, each
party to this Agreement expressly authorizes each other party to this Agreement
to file on its behalf any and all amendments to such Statement.
Dated: August 16, 1999.
OZ MANAGEMENT, L.L.C.
By: /s/ Daniel S. Och
- --------------------------------
Name: Daniel S. Och
Title: Managing Member
OZ MASTER FUND, LTD.
By: OZ MANAGEMENT, L.L.C.
as Investment Manager
By: /s/ Daniel S. Och
- ----------------------------------
Name: Daniel S. Och
Title: Managing Member
