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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)(1)
HI/FN, INC.
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(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE PER SHARE
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(Title and Class of Securities)
428358105
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(CUSIP Number)
September 1, 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-1(c)
[ ] Rule 13d-1(d)
(1) 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 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).
Page 1 of 8
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CUSIP NO. 428358105 FORM 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS (entities only)
IDANTA PARTNERS LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS, UNITED STATES OF AMERICA
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NUMBER OF 5 SOLE VOTING POWER
SHARES None (1)
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY None
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING None (1)
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PERSON 8 SHARED DISPOSITIVE POWER
WITH None
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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12 TYPE OF REPORTING PERSON* PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
(1) As exercised by its general partners, The Dunn Family Trust, David J. Dunn,
Trustee, and Jonathan Huberman.
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CUSIP NO. 428358105 FORM 13G Page 3 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS (entities only)
THE DUNN FAMILY TRUST, DAVID J. DUNN, TRUSTEE
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 5 SOLE VOTING POWER
SHARES None
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY None (1)
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING None
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PERSON 8 SHARED DISPOSITIVE POWER
WITH None (1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0% (2)
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12 TYPE OF REPORTING PERSON* OO (GRANTOR TRUST FOR INDIVIDUAL)
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*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Solely in his capacity as Trustee of The Dunn Family Trust, a general
partner of Idanta Partners Ltd.
(2) By virtue of (1) and his individual ownership of -0- shares of the Stock.
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CUSIP NO. 428358105 FORM 13G Page 4 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS (entities only)
JONATHAN HUBERMAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 5 SOLE VOTING POWER
SHARES None
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY None (1)
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING None
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PERSON 8 SHARED DISPOSITIVE POWER
WITH None (1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0% (2)
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12 TYPE OF REPORTING PERSON* IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Solely in his capacity as a general partner of Idanta Partners Ltd.
(2) By virtue of (1) and his individual ownership of -0- shares of the Stock.
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CUSIP NO. 428358105 FORM 13G Page 5 of 8 Pages
Pursuant to Rule 13d-2(b) of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act"),
the undersigned hereby amend their schedule 13G Statement dated January 27, 1999
(the "Schedule 13G"), relating to the Common Stock, $.001 par value per share
(the "Stock"), of Hi/fn, Inc. (the "Issuer").
Unless otherwise indicated, all defined terms used herein shall have
the same meanings as those set forth in the Schedule 13G. As defined in the
previous filing, Idanta Partners Ltd. is referred to as "IPL", Dunn Family
Trust, David J. Dunn, Trustee, are referred to as "DFT" and "DJD," respectively,
and Jonathan Huberman is referred to as "JH".
ITEM 4. OWNERSHIP.
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Item 4 as reported in the Schedule 13G is hereby amended as follows:
(a)-(b)
1) IPL
The aggregate number of shares of the Stock that IPL owns beneficially,
pursuant to Rule 13d-3 of the Act, is -0-, which constitutes 0.0% of the
outstanding shares of the Stock.
2) DJD
Because of his position as Trustee of DFT, a general partner of IPL,
and because of DFT's ownership of -0- shares of the Stock, DJD may, pursuant to
Rule 13d-3 of the Act, be deemed to be beneficial owner of -0- shares in the
aggregate, which constitutes 0.0% of the outstanding shares of the Stock.
3) JH
Because of his position as a general partner of IPL, and because of
JH's ownership of -0- shares of the Stock, JH may, pursuant to Rule 13d-3 of the
Act, be deemed to be beneficial owner of -0- shares in the aggregate, which
constitutes 0.0% of the outstanding shares of the Stock.
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CUSIP NO. 428358105 FORM 13G Page 6 of 8 Pages
(c)
1) IPL
Acting through its general partners, IPL has the sole power to vote or
to direct the vote and to dispose or to direct the disposition of -0- shares of
the Stock.
2) DJD
In his capacity as Trustee of DFT, a general partner of IPL, DJD has
the shared power to vote or to direct the vote and to dispose or to direct the
disposition of -0- shares of the Stock. DJD shares such power with JH. DJD also
has the sole power to vote or direct the vote and to dispose or to direct the
disposition of -0- shares of the Stock owned by DFT.
3) JH
In his capacity as a general partner of IPL, JH has the shared power to
vote or to direct the vote and to dispose or to direct the disposition of -0-
shares of the Stock. JH shares such power with DJD. JH also has the sole power
to vote or direct the vote and to dispose or to direct the disposition of -0-
shares of the Stock owned by JH.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. [X]
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Item 5 is being amended to report the fact that as of December 31,
1999, the Reporting Persons have ceased to be the beneficial owner of more than
five percent of the securities.
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
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This Schedule 13G Statement is being filed on behalf of each of the
Reporting Persons pursuant to Rules 13d-1(c) and 13d-1(k)(1). The agreement
required by Rule 13d-1(k)(1) is attached hereto as Exhibit A.
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CUSIP NO. 428358105 FORM 13G Page 7 of 8 Pages
Signatures:
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: February 8, 2000
IDANTA PARTNERS LTD.
a Texas limited partnership
By: /s/ Jonathan Huberman
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Jonathan Huberman, General Partner
THE DUNN FAMILY TRUST
By: /s/ David J. Dunn
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David J. Dunn, Trustee
JONATHAN HUBERMAN
/s/ Jonathan Huberman
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Jonathan Huberman
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CUSIP NO. 428358105 FORM 13G Page 8 of 8 Pages
EXHIBIT "A"
Pursuant to Rule 13d-1(k)(1) of the General Rules and Regulations of
the Securities and Exchange Commission under the Securities Exchange Act of
1934, as amended, the undersigned agree that the statement to which this Exhibit
is attached is filed on behalf of them in the capacities set forth below.
IDANTA PARTNERS LTD.
a Texas limited partnership
By: /s/ Jonathan Huberman
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Jonathan Huberman, General Partner
THE DUNN FAMILY TRUST
By: /s/ David J. Dunn
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David J. Dunn, Trustee
JONATHAN HUBERMAN
/s/ Jonathan Huberman
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Jonathan Huberman
