SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 4 )(1)
GP Strategies Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
36225V104
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(CUSIP Number)
Scott B. Bernstein, Esq.,
Caxton Corporation,
315 Enterprise Drive
Plainsboro, New Jersey 08536
(609) 936-2580
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
December 29, 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 |_|.
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
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(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 disclosures provided in a prior cover page.
The information required on 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).
(Continued on following pages)
(Page 1 of 14 Pages)
<PAGE>
CUSIP No. 36225V104 SCHEDULE 13D Page 2 of 11 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Caxton International Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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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 ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 955,687
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
955,687
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
955,687
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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)
7.9%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 36225V104 SCHEDULE 13D Page 3 of 11 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Caxton Equity Growth (BVI) Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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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 ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 125,156
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
125,156
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
125,156
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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)
1.0%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 36225V104 SCHEDULE 13D Page 4 of 11 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Caxton Equity Growth LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 47,357
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
47,357
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
47,357
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.4%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 36225V104 SCHEDULE 13D Page 5 of 11 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bruce S. Kovner
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,128,200
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,128,200
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,128,200
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 36225V104 SCHEDULE 13D Page 6 of 11 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Caxton Associates, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,128,200
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,128,200
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,128,200
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment 4 to Schedule 13D relates to the Common Stock, par value
$.01 per share (the "Common Stock"), of GP Strategies Corporation (the
"Company"), 9 West 57th Street, New York, NY 10019.
Item 3: Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended and supplemented by inserting
the following paragraphs at the end thereof:
"A net aggregate of $269,995.69 (excluding commissions, if any) was paid
in a series of transactions pursuant to which Caxton International Limited
acquired and sold shares (of Common Stock) since November 3, 2000. The purchase
price for such acquired shares was paid out of Caxton International Limited's
working capital.
"A net aggregate of $62,136 (excluding commissions, if any) was paid in a
series of transactions pursuant to which Caxton Equity Growth LLC acquired
shares (of Common Stock) since November 3, 2000. The purchase price for such
acquired shares was paid out of Caxton Equity Growth LLC's working capital.
"A net aggregate of $233,389 (excluding commissions, if any) was paid in a
series of transactions pursuant to which Caxton Equity Growth (BVI) Ltd.
acquired Shares (of Common Stock) since November 3, 2000. The purchase price for
such acquired shares was paid out of Caxton Equity Growth (BVI) Ltd.'s working
capital.
Item 5: Interest in Securities of the Issuer.
Subparagraph (a) of Item 5 of the Schedule 13D is hereby amended and
replaced by the following:
(i) Caxton International Limited beneficially owns 995,687 shares of
Common Stock (the "Shares"), representing approximately 7.9% of the total shares
of Common Stock issued and outstanding. This percentage reflects the acquisition
of the additional Shares being reported hereunder.
(ii) Caxton Equity Growth (BVI) Ltd. beneficially owns 125,156 shares of
Common Stock (the "Shares"), representing approximately 1.0% of the total shares
of Common Stock issued and outstanding. This percentage reflects the acquisition
of the additional Shares being reported hereunder.
(iii) Caxton Equity Growth LLC beneficially owns 47,357 shares of Common
Stock (the "Shares"), representing approximately .4% of the total shares of
Common Stock issued and outstanding. This percentage reflects the acquisition of
the additional Shares being reported hereunder.
Subparagraph (c) of Item 5 of the Schedule 13D is hereby amended and
supplemented by adding the following paragraph at the end thereof:
(c) Caxton International Limited, Caxton Equity Growth (BVI) Ltd. and
Caxton Equity Growth LLC acquired additional shares and/or sold shares of Common
<PAGE>
Stock in a series of open market transactions effected primarily with
independent brokers and, to a lesser extent, directly with market makers
utilizing the NASDAQ System, between November 3, 2000 and December 29, 2000. See
Schedule A for disclosure of (1) the date, (2) the price and (3) the amount of
shares purchased and/or sold by Caxton International Limited, Caxton Equity
Growth (BVI) Ltd. and Caxton Equity Growth LLC since November 3, 2000.
After reasonable inquiry and to the best of the undersigneds' knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
January 4, 2001 CAXTON INTERNATIONAL LIMITED
By: /s/ Joseph Kelly
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Name: Joseph Kelly
Title: Vice President and Treasurer
By: /s/ Maxwell Quin
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Name: Maxwell Quin
Title: Vice President and Secretary
CAXTON EQUITY GROWTH LLC
By: /s/ Scott B. Bernstein
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Name: Scott B. Bernstein
Title: Secretary, Caxton Associates, L.L.C.,
Manager
CAXTON EQUITY GROWTH (BVI) LTD.
By: /s/ Joseph Kelly
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Name: Joseph Kelly
Title: Vice President
By: /s/ Maxwell Quin
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Name: Maxwell Quin
Title: Secretary
CAXTON ASSOCIATES, L.L.C.
By: /s/ Scott B. Bernstein
--------------------------------------------------
Name: Scott B. Bernstein
Title: Secretary
/s/ Bruce Kovner
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Bruce S. Kovner, by Scott B. Bernstein, as
Attorney-in-Fact
<PAGE>
SCHEDULE A
Caxton International Limited
No of Shares Price Per Share
Trade Date Purchased (Sold) (Excluding Commission)
30-Nov 2,000 $4.931300
4-Dec (32,700) 5.000000
15-Dec 5,600 5.000000
20-Dec 7,000 4.187500
21-Dec 27,000 3.936500
21-Dec 2,000 4.062500
21-Dec 8,788 3.936500
22-Dec 6,500 3.855800
26-Dec 6,500 4.076900
26-Dec 2,116 4.076900
27-Dec 2,500 3.925000
27-Dec 814 3.925000
28-Dec 10,000 3.918800
29-Dec 13,350 3.980300
29-Dec 8,000 4.312500
29-Dec 4,345 3.980299
Caxton Equity Growth LLC
No of Shares Price Per Share
Trade Date Purchased (Excluding Commission)
4-Dec 5000 $5.00000
21-Dec 5123 3.93650
26-Dec 1233 4.07690
27-Dec 474 3.92500
29-Dec 2533 3.98030
Caxton Equity Growth (BVI) Ltd.
No of Shares Price Per Share
Trade Date Purchased (Excluding Commission)
4-Dec 27700 $5.00000
21-Dec 13089 3.93650
26-Dec 3151 4.07690
27-Dec 1212 3.92500
29-Dec 6472 3.98030
<PAGE>
Exhibit Index
Exhibit 1 - Joint Acquisition Statement Pursuant To Rule 13d-1(k)(1).
