<PAGE>1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Target Technologies, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $0.01
- ------------------------------------------------------------------------------
(Title of Class of Securities)
87612N106
- ------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
Patricia Renda WisdomTree Associates, L.P.
1633 Broadway, 38th Floor New York, New York 10019
(212) 843-2782
- ------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Roger D. Blanc Willkie Farr & Gallagher 153
East 53rd Street New York, NY 10022 (212) 821-8000
April 16, 1996
- ------------------------------------------------------------------------------
(Date of Event which Requires
Filing of this Schedule)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3)
or (4), check the following: |_|
Check the following box if a fee is being paid with this statement:
|_|
<TABLE>
<PAGE>2
SCHEDULE 13D
<S> <C>
- ---------------------------------------------------- -------------------------------------------
CUSIP No. 87612N106 Page 2 of 12 Pages
--------------------------------------- ------- -------
- ---------------------------------------------------- -------------------------------------------
- ---- ------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WisdomTree Capital Management, Inc. I.D. #13-3729429
- ---- ------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
- ---- ------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------
- ----
4 SOURCE OF FUNDS*
AF
- ---- ------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- ---- ------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------- --------- ----------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares of Common Stock
--------- ----------------------------------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 280,000 shares of Common Stock
OWNED BY
EACH
REPORTING
PERSON WITH
--------- ----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
--------- ----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
280,000 shares of Common Stock
- ---- ------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
280,000 shares of Common Stock
- ---- ------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ---- ------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
- ---- ------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---- ------------------------------------------------------------------------------------------------------------------------
*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>3
SCHEDULE 13D
- ---------------------------------------------------- -------------------------------------------
CUSIP No. 87612N106 Page 3 of 12 Pages
--------------------------------------- ------- -------
- ---------------------------------------------------- -------------------------------------------
- ---- ------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WisdomTree Associates, L.P.
- ---- ------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
- ---- ------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---- ------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---- ------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- ---- ------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------- --------- ----------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares of Common Stock
--------- ----------------------------------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 240,000 shares of Common Stock
OWNED BY
EACH
REPORTING
PERSON WITH
--------- ----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
--------- ----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
240,000 shares of Common Stock
- ---- ------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
240,000 shares of Common Stock
- ---- ------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ---- ------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.5%
- ---- ------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---- ------------------------------------------------------------------------------------------------------------------------
*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>4
SCHEDULE 13D
- ---------------------------------------------------- -------------------------------------------
CUSIP No. 87612N106 Page 4 of 12 Pages
--------------------------------------- ------- -------
- ---------------------------------------------------- -------------------------------------------
- ---- ------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WisdomTree Offshore, Ltd.
- ---- ------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
- ---- ------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---- ------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---- ------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- ---- ------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- -------------- --------- ----------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares of Common Stock
--------- ----------------------------------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 40,000 shares of Common Stock
OWNED BY
EACH
REPORTING
PERSON WITH
--------- ----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
--------- ----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
40,000 shares of Common Stock
- ---- ------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
40,000 shares of Common Stock
- ---- ------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ---- ------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- ---- ------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ---- ------------------------------------------------------------------------------------------------------------------------
*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>5
SCHEDULE 13D
- ---------------------------------------------------- -------------------------------------------
CUSIP No. 87612N106 Page 5 of 12 Pages
--------------------------------------- ------- -------
- ---------------------------------------------------- -------------------------------------------
- ---- ------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathan L. Steinberg I.D. ####-##-####
- ---- ------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
- ---- ------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------
- ----
4 SOURCE OF FUNDS*
AF
- ---- ------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- ---- ------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------- --------- ----------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0 shares of Common Stock
--------- ----------------------------------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 280,000 shares of Common Stock
OWNED BY
EACH
REPORTING
PERSON WITH
--------- ----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares of Common Stock
--------- ----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
280,000 shares of Common Stock
- ---- ------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
280,000 shares of Common Stock
- ---- ------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ---- ------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
- ---- ------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---- ------------------------------------------------------------------------------------------------------------------------
*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.
</TABLE>
<PAGE>6
This Amendment No. 1, dated April 22, 1996, to the Schedule 13D dated
March 20, 1996 (the "Schedule 13D"), filed on behalf of WisdomTree Associates,
L.P. (the "Partnership"), WisdomTree Capital Management, Inc. (the "General
Partner"), WisdomTree Offshore, Ltd. ("WisdomTree Offshore") and Jonathan L.
Steinberg ("Mr. Steinberg" and collectively, the "Reporting Entities"),
relates to the Common Stock, par value $0.01 per share (the "Common Stock") of
Target Technologies, Inc., a New York corporation (the "Company") and is being
filed pursuant to Rule 13d-2 under the Securities and Exchange Act of 1934, as
amended.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and restated as set forth below:
The 240,000 shares of Common Stock acquired by the
Partnership (the "Partnership Purchases") were acquired in brokered
transactions for an aggregate purchase price of $1,715,160.15. The 40,000
shares of Common Stock purchased by WisdomTree Offshore (the "Offshore
Purchases") were acquired in brokered transactions for an aggregate purchase
price of $272,850.
The source of funds for the Partnership Purchases was
investment capital contributed by the Partnership. The source of funds for
the Offshore Purchases was investment capital contributed by WisdomTree
Offshore.
<PAGE>7
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated as set forth below:
(a) As of April 17, 1996, the Partnership beneficially
owned a total of 240,000 shares of the Common Stock of the Company, the
General Partner beneficially owned a total of 280,000 shares of the Common
Stock of the Company, WisdomTree Offshore beneficially owned a total of 40,000
shares of the Common Stock of the Company and Mr. Steinberg beneficially
owned a total of 260,000 shares of the Common Stock of the Company,
constituting 5.5%, 6.4%, 0.9% and 6.4%, respectively, of the shares of Common
Stock then outstanding, based on 4,347,293 shares of Common Stock outstanding
as disclosed in the Company's quarterly report on Form 10-Q for the quarter
ended November 30, 1995. As of April 17, 1996, the Reporting Entities
beneficially owned a total of 280,000 shares of the Common Stock of the
Company, constituting 6.4% of the shares of Common Stock then outstanding.
To the best of the knowledge of the Reporting Entities, none of the
individuals listed on Schedule A, with the exception of Mr. Steinberg,
beneficially owns any shares of the Common Stock of the Company, except
pursuant to their interests in the Partnership, the General Partner and
WisdomTree Offshore.
(b) The Partnership, the General Partner, Mr. Steinberg and
Russell Anmuth, a Vice President of the Investment Manager,
co-manager of the Partnership and co-manager of WisdomTree Offshore, share
voting and dispositive power with respect to 240,000 shares of Common Stock.
WisdomTree Offshore,
<PAGE>8
the General Partner, Mr. Steinberg and Mr. Anmuth share voting and dispositive
power with respect to 40,000 shares of Common Stock. To the best of the
knowledge of the Reporting Entities, none of the individuals listed on Schedule
A, with the exception of Mr. Steinberg and Mr. Anmuth, has any voting or
dispositive power with respect to shares of Common Stock.
(c) Information concerning transactions in Common
Stock effected by the Reporting Entities since the filing of the Schedule 13D
on March 20, 1996 is set forth in Schedule B hereto and is incorporated by
reference. Except as set forth in Schedule B, no transactions in Common
Stock have been effected by any of the Reporting Entities or, to the best of
the knowledge of the Reporting Entities, by any of the persons identified in
Schedule A since the filing of the Schedule 13D on March 20, 1996.
(d) Not applicable.
(e) Not applicable.
<PAGE>9
SCHEDULE A
The following table sets forth the name and principal employment of
each of the officers and directors of WisdomTree Capital Management, Inc.,
Individual Investor Group, Inc. and WisdomTree Offshore, Ltd., as well as the
business address of each director of such entities not employed by such
entities.
<TABLE>
<S> <C>
WisdomTree Capital
Management, Inc. Position
Jonathan L. Steinberg Chairman, Chief Executive Officer, Treasurer and
Director
Robert Schmidt President and Director
Scot Rosenblum Vice President, Secretary and Director
Russell Anmuth Vice President
Individual Investor
Group, Inc. Position
Jonathan L. Steinberg Chairman, Chief Executive Officer and Director
Robert Schmidt President, Chief Operating Officer and Director
Scot Rosenblum Vice President, Secretary and Director
Henry Clark Controller and Assistant
Secretary
Peter M. Ziemba Assistant Secretary
Bruce Sokoloff Director; Executive Vice President, Reliance Group
Holdings, Inc., 55 East 52nd Street, New York, New York
10055
WisdomTree Offshore, Ltd. Position
Jonathan L. Steinberg Vice President
Scot Rosenblum Chairman, Vice President and Director
<PAGE>10
Christopher Wetherhill President and Director; Chief Executive Officer, The
Hemisphere Group Limited, Hemisphere House, 9 Church
Street, Hamilton, Bermuda
Charles Quin Director; Partner, Quin & Hampson, George Town, Grand
Cayman, Cayman Islands.
</TABLE>
<PAGE>11
SCHEDULE B
The Partnership
1. On April 16, 1996, the Partnership purchased 30,000 shares of
Common Stock of the Company in brokered transactions at a price of
$6.13 per share.
WisdomTree Offshore
1. On April 12, 1996, WisdomTree Offshore purchased 13,000 shares
of Common Stock of the Company in brokered transactions at a
price of $6.63 per share.
2. On April 16, 1996, WisdomTree Offshore purchased 10,000 shares
of Common Stock of the Company in brokered transactions at a
price of $6.13 per share.
<PAGE>12
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: April 22, 1996 WISDOMTREE ASSOCIATES, L.P.
By: WisdomTree Capital Management,
Inc., General Partner
By:/s/ Scot A. Rosenblum Name:
Scot A. Rosenblum Title: Vice
President
Dated: April 22, 1996 WISDOMTREE CAPITAL MANAGEMENT, INC.
By:/s/ Scot A. Rosenblum Name:
Scot A. Rosenblum Title: Vice
President
Dated: April 22, 1996 WISDOMTREE OFFSHORE, LTD.
By:/s/ Scot A. Rosenblum Name:
Scot A. Rosenblum Title: Director
Dated: April 22, 1996 By:/s/ Jonathan L. Steinberg
-------------------------
Jonathan L. Steinberg
