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OMB APPROVAL
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Symphonix Devices, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
871951 10 9
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(CUSIP Number)
J.P. Morgan Capital, L.P.
60 Wall Street
New York, New York 10260
(212) 648-4084
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 6, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].
<PAGE>
SCHEDULE 13D
CUSIP No. 871951 Page 2 of 10 Pages
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1 NAME OF REPORTING PERSONS J.P. Morgan Capital, L.P.
S.S. or I.R.S. IDENTIFICATION NO. #13-4133600
OF ABOVE PERSONS
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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 SOURCE OF FUNDS* WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7 SOLE VOTING POWER 1,845,540
NUMBER OF
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER 0
BENEFICIALLY
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 1,845,540
REPORTING
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,845,540
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.375%
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14 TYPE OF REPORTING PERSON* PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 871951 Page 3 of 10 Pages
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1 NAME OF REPORTING PERSONS J.P. Morgan Capital Corporation
S.S. or I.R.S. IDENTIFICATION NO. #13-3610583
OF ABOVE PERSONS
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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 SOURCE OF FUNDS* OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7 SOLE VOTING POWER 0
NUMBER OF
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER 1,845,540
BENEFICIALLY
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 1,845,540
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,845,540
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW(11) 9.375%
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14 TYPE OF REPORTING PERSON* CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 871951 Page 4 of 10 Pages
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1 NAME OF REPORTING PERSONS J.P. Morgan & Co., Incorporated
S.S. or I.R.S. IDENTIFICATION NO. #13-2625764
OF ABOVE PERSONS
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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 SOURCE OF FUNDS* OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7 SOLE VOTING POWER 0
NUMBER OF
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER 2,460,630
BENEFICIALLY
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 2,460,630
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,460,630
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5%
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14 TYPE OF REPORTING PERSON* HC, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 871951 Page 5 of 10 Pages
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1 NAME OF REPORTING PERSONS Sixty Wall Street Fund, L.P.
S.S. or I.R.S. IDENTIFICATION NO. #13-3926426
OF ABOVE PERSONS (ENTITIES ONLY)
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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 SOURCE OF FUNDS* WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7 SOLE VOTING POWER 615,090
NUMBER OF
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER 0
BENEFICIALLY
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 615,090
REPORTING
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 615,090
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.125%
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14 TYPE OF REPORTING PERSON* PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 871951 Page 6 of 10 Pages
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1 NAME OF REPORTING PERSONS Sixty Wall Street Corporation
S.S. or I.R.S. IDENTIFICATION NOS. #13-3804111
OF ABOVE PERSONS (ENTITIES ONLY)
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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 SOURCE OF FUNDS* OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7 SOLE VOTING POWER 0
NUMBER OF
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER 615,090
BENEFICIALLY
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 615,090
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 615,090
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.125%
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14 TYPE OF REPORTING PERSON* CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Amendment No. 1 on Schedule 13D is being filed pursuant to Rule 13D-1(a)(1)
of Regulation 13D-G of the General Rules and Regulations of the Securities and
Exchange Act of 1934, as amended, on behalf of J.P. Morgan & Co., Incorporated
("JPM"), J.P. Morgan Capital Corporation, a Delaware corporation, a wholly owned
subsidiary of JPM and the general partner of JP Morgan Capital, L.P. ("JPMCC"),
J.P. Morgan Capital, L.P., a Delaware limited partnership ("JPMCLP"), Sixty Wall
Street Corporation, a Delaware corporation, a wholly owned subsidiary of JPM and
the general partner of Sixty Wall Street Fund, L.P. ("Sixty Wall Corp.") and
Sixty Wall Street Fund, L.P., a Delaware limited partnership ("Sixty Wall," and
collectively with JPM, JPMCC, JPMCLP and Sixty Wall Corp., the "Reporting
Persons") to report the previously reported acquisition by JPMCLP and Sixty Wall
of beneficial ownership of in excess of five percent (5%) of the Common Stock of
Symphonix Devices, Inc. (the "Reportable Transactions") as a result of the
previously reported acquisition by JPMCLP of 2,460,630 shares of Common Stock of
Symphonix Devices, Inc. and the subsequent transfer to Sixty Wall of 25% of
those shares of Common Stock, totaling 615,090 shares.
Item 1. Security and Issuer
This Amendment No. 1 (the "Amendment") to the Schedule 13D (the "Schedule 13D")
previously filed with respect to the Common Stock, par value $0.001 per share
(the "Common Stock") of Symphonix Devices, Inc., a Delaware corporation
("Symphonix"). The address of the principal executive offices of Symphonix is
2331 Zanker Road, San Jose, California 95131-1107.
Item 2 of the Schedule 13D is hereby amended as follows:
Item 2. Identity and Background
Information as to each executive officer and director of Sixty Wall Corp. and
the general partner of Sixty Wall is set forth on Schedule A hereto and is
incorporated herein by this reference.
(a) Name of Person
(i) Sixty Wall Street Corporation
(ii) Sixty Wall Street Fund, L.P.
(b) Place of Organization, Principal Business and Address of Principal Business
and Principal Office:
(i) Sixty Wall Corp. is a Delaware corporation and is the general partner of
Sixty Wall. Sixty Wall Corp.'s principal business and office address is 60
Wall Street, New York, New York 10260.
(ii) Sixty Wall is a Delaware limited partnership and is owned principally by
employees of JPM and its direct and indirect subsidiaries. Sixty Wall
co-invests with JPMCC and its subsidiaries. Sixty Wall's principal business
address is 60 Wall Street, New York, New York 10260.
(c) Legal Proceedings
None of the Reporting Persons nor, to the best of each Reporting Person's
knowledge, any person named on Schedule A hereto, has during the last five years
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Item 3 of the Schedule 13D is hereby amended as follows:
Item 3.
Source and Amount of Funds or Other Consideration
On December 6, 2000, Sixty Wall acquired 615,090 shares of Common Stock for an
aggregate purchase price of $2,469,586.40. The source of funds used for Sixty
Wall's acquisition was working capital, all of which was Sixty Wall's own funds.
Item 4 of the Schedule 13D is hereby amended as follows:
Item 4.
Purpose of Transaction
The shares of Common Stock purchased by Sixty Wall were acquired for investment
purposes and not with the present intention of acquiring control of Symphonix's
business.
As a result of the subsequent transfer to Sixty Wall, JPMCLP now owns 1,845,540
shares of Common Stock and Sixty Wall owns 615,090 shares of Common Stock.
As a result of JPMCLP's transfer of shares of Common Stock to Sixty Wall, Sixty
Wall may also acquire additional shares of Common Stock pursuant to the Purchase
Agreement.
The Reporting Persons may from time to time acquire beneficial ownership of
additional Common Stock and from time to time cease to have beneficial ownership
of Common Stock, depending on price, market conditions, availability of funds,
evaluation of alternative investments and other factors. Such acquisitions or
dispositions may result from investment decisions by each of JPMCLP and Sixty
Wall.
<PAGE>
Item 5 of the Schedule 13D is hereby amended as follows:
Item 5.
Interest in Securities of the Issuer
(a) See Cover Pages, Items 11 and 13. JPMCLP may be deemed to beneficially own
1,845,540 shares of Common Stock constituting approximately 9.375% of the
issued and outstanding Common Stock of Symphonix.
As Sixty Wall Corp. is the general partner of Sixty Wall, Sixty Wall Corp. may
be deemed to be the beneficial owner of the Common Stock beneficially owned by
Sixty Wall.
As JPMCC and Sixty Wall Corp. are each wholly owned subsidiaries of JPM, JPM may
be deemed to be the beneficial owner of the Common Stock beneficially owned by
each of JPMCC and Sixty Wall Corp.
(b) See Cover Pages, Items 7 through 10. JPMCLP is the direct beneficial owner
of 1,845,540 shares of Common Stock. Sixty Wall is the direct beneficial
owner of 615,090 shares of Common Stock.
(c) Except as described in Item 4 hereof, neither JPMCLP nor Sixty Wall have
during the past 60 days, engaged in any transactions in the Common Stock.
Item 6 of the Schedule 13D is hereby amended as follows:
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
None of the Reporting Persons have any contracts, arrangements, understandings
or relationships with Symphonix or with any other person with respect
specifically to the securities of Symphonix, except as set forth below.
The description of the Purchase Agreement set forth in Item 4 hereof is hereby
incorporated by reference. As described in Item 4, JPMCLP purchased 2,460,630
shares of Common Stock pursuant to the Purchase Agreement, of which 615,090
shares of Common Stock were subsequently transferred to Sixty Wall. JPMCLP has
the right to maintain its percentage interest in the total number of outstanding
shares of Common Stock of Symphonix in the event of future sales by Symphonix of
additional shares of securities from Symphonix under the terms specified in the
Purchase Agreement. As a transferee, Sixty Wall also has the right to maintain
its percentage interest in the total number of outstanding shares of Common
Stock of Symphonix in the event of future sales by Symphonix of additional
shares of securities from Symphonix under the terms specified in the Purchase
Agreement.
In addition, in the event that the market price of Symphonix declines, Symphonix
may be required to issue additional shares of Common Stock to investors,
including JPMCLP and Sixty Wall, at no additional cost to those investors
pursuant to a purchase price adjustment. The purchase price adjustment allows
the investors, at any time until November 10, 2002, to calculate an adjusted per
share purchase price equal to the average closing market price of the common
stock as reported on the Nasdaq National Market for the thirty-three (33)
consecutive trading days immediately preceding the date of the adjustment. Those
investors who desire to participate in this purchase price adjustment will
receive additional shares of common stock equal to the difference between the
number of shares which each investor could have purchased based on the adjusted
per share purchase price at the investor's original investment amount and the
number of shares originally purchased. Each investor may participate in a
purchase price adjustment only once during the two-year period. A possible
consequence of the investors' right to adjust their purchase price is that the
investors could, in the aggregate, control a majority of the voting power of
Symphonix.
The description contained in this Item 6 of the Purchase Agreement is qualified
in its entirety by reference to the full text of the Purchase Agreement which is
incorporated by reference herein and is filed as Exhibit A hereto.
<PAGE>
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.
J.P. MORGAN & CO. INCORPORATED
By: /s/ Travis F. Epes December 13, 2000
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Name: Travis F. Epes
Title: Managing Director
J.P. MORGAN CAPITAL CORPORATION
By: /s/ James Marriott December 13, 2000
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Name: James Marriott
Title: Vice President and Secretary
J.P. MORGAN CAPITAL, L.P.
By: /s/ Martin Friedman December 13, 2000
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Name: Martin Friedman
Title: Vice President
SIXTY WALL STREET CORPORATION
By: /s/ James Marriott December 13, 2000
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Name: James Marriott
Title: Vice President and Secretary
SIXTY WALL STREET FUND, L.P.
By: Sixty Wall Street Corporation,
Its General Partner
By: /s/ James Marriott December 13, 2000
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Name: James Marriott
Title: Vice President and Secretary
<PAGE>
SCHEDULE A
I. Sixty Wall Street Corporation; 60 Wall Street, New York, NY 10260
John A. Mayer, Jr.; President; Chief Executive Officer and Director
Thomas B. Ketchum; Director
Ramon de Oliveira; Director, French citizen
Michael E. Patterson; Director
James P. Marriott; Vice President and Secretary
John Fullerton; Managing Director
Stephen Skoczylas; Managing Director
Tira Wannamethee; Managing Director
Francisco Churtichaga; Vice President
Marc D. Johnson; Vice President
J. Edmund Colloton; Vice President
Lisa M. Dreyer; Vice President and Asst. Secretary
Cheryl Eustace; Vice President and Asst. Secretary
Irena D. Kaufman; Assistant Secretary
Bee-Ann Benson; Assistant Secretary
II. Sixty Wall Street Fund, L.P.; 60 Wall Street, New York, NY 10260
Sixty Wall Street Corporation, general partner
Please note that all individuals are citizens of the United States unless noted.
