ODYSSEY PARTNERS LP
SC 13G, 1997-02-14
Previous: CASTLE ENERGY CORP, 8-K, 1997-02-14
Next: BENCHMARK FUNDS, 497, 1997-02-14



<PAGE>

                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                SCHEDULE 13G

                 Under the Securities Exchange Act of 1934
                          (Amendment No.       )*
                                         ------

                          CellNet Data Systems, Inc.
                     ----------------------------------
                              (Name of Issuer)

                     Common Stock, Par Value $0.001 Per Share
                     -----------------------------------------
                       (Title of Class of Securities)

                                 15115M-10-1
                     ----------------------------------
                              (CUSIP Number)

   Check the  following box if a fee is being paid with this statement / /.  (A
fee is not required only if the filing person:  (1) has a previous statement on
file reporting  beneficial  ownership of more than five percent of the class of
securities  described in Item 1;  and (2)  has  filed no  amendment  subsequent
thereto reporting  beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

   *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 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).


                        (Continued on following page(s))


                              Page 1 of  5  Pages
                                        --- 

<PAGE>

CUSIP No. 15115M-10-1                   13G                 Page 2   of 5 Pages
          -----------                                           ---    --- 

- -------------------------------------------------------------------------------
 (1) Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
     Persons

          Odyssey Partners, L.P. (E.I. No. 13-5614745)
- -------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member     (a)  / /
     of a Group*                               (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC Use Only

- -------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization
     Delaware
- -------------------------------------------------------------------------------
Number of Shares              (5) Sole Voting
 Beneficially                       Power       3,336,989
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting
 Person With                        Power         -0-
                             --------------------------------------------------
                              (7) Sole Dispositive
                                    Power      3,336,989
                             --------------------------------------------------
                              (8) Shared Dispositive
                                    Power         -0-
- -------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person
   3,336,989
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
  8.6%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
  PN
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>

CUSIP No. 15115M-10-1                                     Page  3   of 5   Pages
                                                               ---    --- 


ITEM 1(A).  NAME OF ISSUER
 Cellnet Data Systems, Inc.
- -------------------------------------------------------------------------------


ITEM 1(B).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
125 Shoreway Road 
San Carlos, CA 94070
- -------------------------------------------------------------------------------


ITEM 2(A).  NAME OF PERSON(S) FILING
Odyssey Partners, L.P.
- -------------------------------------------------------------------------------


ITEM 2(B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
31 West 52nd Street 
New York, NY 10019
- -------------------------------------------------------------------------------


ITEM 2(C).  CITIZENSHIP
 A Delaware limited partnership
- -------------------------------------------------------------------------------


ITEM 2(D).  TITLE OF CLASS OF SECURITIES
 Common Stock, $0.001 par value
- -------------------------------------------------------------------------------


ITEM 2(E).  CUSIP NUMBER
 15115M-10-1
- -------------------------------------------------------------------------------


ITEM 3. 

   Not Applicable
- -------------------------------------------------------------------------------

ITEM 4.  OWNERSHIP

    (a) Amount Beneficially Owned:
        3,336,989
    ---------------------------------------------------------------------------


<PAGE>
CUSIP No. 15115M-10-1                                     Page  4  of  5  Pages
                                                               ---    --- 
ITEM 4(b) PERCENT OF CLASS:
              8.6%
    ---------------------------------------------------------------------------

ITEM 4(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

          (i) sole power to vote or to direct the vote
                              3,336,989
              -----------------------------------------------------------------
         (ii) shared power to vote or to direct the vote
                                  -0-
              -----------------------------------------------------------------
        (iii) sole power to dispose or to direct the disposition of
                             3,336,989
              -----------------------------------------------------------------
         (iv) shared power to dispose or to direct the disposition of
                                  -0-
              -----------------------------------------------------------------


ITEM 5.  OWNERSHIP OF FIVE 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 FIVE 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
- -------------------------------------------------------------------------------

<PAGE>
CUSIP No. 15115M-10-1                                     Page  5  of  5  Pages
                                                               ---    --- 


ITEM 9.  NOTICE OF DISSOLUTION OF GROUP
 Not Applicable
- -------------------------------------------------------------------------------


ITEM 10. CERTIFICATION
 Not Applicable
- -------------------------------------------------------------------------------

                                  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.
                                        February 10, 1997
                                       ----------------------------------------
                                       (Date)

                                       /s/ Jack Nash
                                       ----------------------------------------
                                       (Signature)

                                       General Partner
                                       ----------------------------------------
                                       (Name/Title)




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission