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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Triton Group, Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.0001 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
896757101
---------------------------------
(CUSIP Number)
Edwin H. Morgens, 10 East 50th Street, New York, NY 10022, (212) 705-0500
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 27, 1996
---------------------------------
(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 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 box |_|.
Check the following box if a fee is being paid with the statement [X]. (A fee
is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* 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).
Page 1 of 24 Pages
Exhibit Index Appears on Page 24
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 2 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phoenix Partners
13-6272912
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 501,213 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 501,213 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
501,213
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 3 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Betje Partners
13-3118883
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 173,423 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 173,423 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
173,423
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 4 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgens Waterfall Vintiadis Investments N.V.
None
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 343,206 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 343,206 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
343,206
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 5 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgens Waterfall Income Partners
13-2829306
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 64,768 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 64,768 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,768
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 6 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners L.P.
13-3502415
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 400,687 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 400,687 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,687
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 7 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners II, L.P.
13-3553296
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 632,697 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 632,697 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
632,697
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 8 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners III, L.P.
13-3618702
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 441,260 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 441,260 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
441,260
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 9 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners IV, L.P.
13-3687058
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 211,830 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 211,830 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
211,830
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 10 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Common Fund for Non-Profit Organizations
23-7037968
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 12,616
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 12,616
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,616
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.06%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 11 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MWV Employee Retirement Plan Group Trust
13-3845507
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
WC
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 89,083 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 89,083 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
89,083
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
EP
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 12 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phaeton International N.V.
None
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
AF
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 0 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
343,206
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 13 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgens, Waterfall, Vintiadis & Company, Inc.
13-2674766
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
AF
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 0 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
529,245
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 14 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edwin H. Morgens
###-##-####
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
AF
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 0 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,870,783
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.4%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 896757101 Page 15 of 24 Pages
_________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bruce Waterfall
###-##-####
_________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_________________________________________________________________
3) SEC USE ONLY
_________________________________________________________________
4) SOURCE OF FUNDS*
AF
_________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
_________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF 0 - See Response to Item 5
SHARES _______________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
EACH _______________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0 - See Response to Item 5
WITH _______________________________________________
10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,781,700
_________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.0%
_________________________________________________________________
14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Triton Group, Ltd. Page 16 of 24 Pages
SCHEDULE 13D October 7, 1996
Item 1. Security and Issuer.
- ------- --------------------
This Amendment No. 3 ("Amendment") amends the Statement
on Schedule 13D (the "Statement") filed by the Reporting Persons
(as defined below), with the Commission on July 9, 1993, Amendment
No. 1 filed by the Reporting Persons with the Commission on
December 14, 1993 ("Amendment No. 1"), Amendment No. 2 filed by the
Reporting Persons with the Commission on January 6, 1994
("Amendment No. 2") and Amendment No. 3 filed by the Reporting
Persons with the Commission on April 21, 1994 ("Amendment No. 3")
with respect to shares of Common Stock, par value $.0001 per share
("Common Stock") of Triton Group, Ltd., a Delaware Corporation (the
"Company"). The principal executive offices of the Company are
located at 550 West C Street, Suite 1880, San Diego, California
92101. This Amendment supplements and, to the extent inconsistent
therewith, amends the information set forth in the Statement,
Amendment No. 1, Amendment No. 2 and Amendment No. 3.
Item 2. Identity and Background.
- ------- ------------------------
This statement is filed jointly by (a) Phoenix Partners
("Phoenix"), (b) Betje Partners ("Betje"), (c) Phaeton
International N.V. ("Phaeton"), (d) Morgens Waterfall Vintiadis
Investments N.V. ("MWV"), (e) Morgens Waterfall Income Partners
("MWIP"), (f) Morgens, Waterfall, Vintiadis & Company, Inc.
("Morgens Waterfall"), (g) Restart Partners L.P. ("Restart"),
(h) Restart Partners II, L.P. ("Restart II"), (i) Restart Partners
III, L.P. ("Restart III"), (j) Restart Partners IV, L.P. ("Restart
IV"), (k) MWV Employee Retirement Plan Group Trust ("MWV Plan"),
(l) The Common Fund for Non-Profit Organizations (the "Common
Fund"), (m) Edwin H. Morgens ("Morgens") and (n) Bruce Waterfall
("Waterfall" and together with the persons listed in paragraphs (a)
through (m), the "Reporting Persons").
MWV is a subsidiary of Phaeton. Phaeton is a controlling person
of MWV by virtue of its ownership of 100% of the outstanding shares of MWV.
Phaeton and MWV are Netherlands Antilles limited liability companies having
their principal offices at 6 John B. Gorsiraweg, Willemstad, Curacao,
Netherlands Antilles. The principal business of MWV is to invest in securities
of United States issuers. Phaeton is a holding company which invests in MWV and
companies with similar objectives.
The sole Managing Director of Phaeton and MWV is Offshore
Management Company N.V. ("Offshore"), a Netherlands Antilles
limited liability company having its principal office at 6 John B.
Gorsiraweg, Willemstad, Curacao, Netherlands Antilles. The
principal business of Offshore is to act as Managing Director of
<PAGE>
Triton Group, Ltd. Page 17 of 24 Pages
SCHEDULE 13D October 7, 1996
corporations domiciled in the Netherlands Antilles, and in that capacity to
provide local management, administrative, clerical and accounting services
similar to those which it provides to Phaeton and MWV. Phaeton and MWV do not
have any officers other than Offshore.
Phaeton and MWV have the following Board of Directors:
Name Address
Halvor Astrup Fearnley Group A/S
35-38 Portman Square
London W1HOEU, England
Dr. M. Colyer Crum Harvard Business School
Cambridge, Massachusetts
Bassam Aburdene Capital Trust Ltd.
49 Mount Street
London WIY5RE, England
Fred Arthur Rank Packard Center 45
45 London Wall
London EC2, England
Mr. Astrup, a citizen of Norway, is Vice Chairman of Fearnley
Group and Chairman of Fearnley Finance Ltd., companies principally engaged in
project development in the international shipping industry.
Dr. Crum, a U.S. citizen, is a professor at the Harvard
Business School, where he holds the James R. Williston Chair of
Investment Management.
Mr. Aburdene, a U.S. citizen, is a Managing Partner of
Capital Trust Limited, a London-based financial services company
which is jointly owned by United States and Middle Eastern
institutions and investors.
Mr. Packard, a British citizen, is a partner of Banco de
Investimentos Garantia, a leading Brazilian investment bank.
Phoenix, MWIP and Betje are New York limited partnerships having
their principal address at 10 East 50th Street, New York, New York 10022. The
principal business of Phoenix, MWIP and Betje is to invest in securities of
United States issuers. Morgens and Waterfall are (i) the general partners of
MWIP and (ii) the managing members of MW Management LLC, which is the general
partner of Phoenix. All of the information concerning Morgens and
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Triton Group, Ltd. Page 18 of 24 Pages
SCHEDULE 13D October 7, 1996
Waterfall is set forth below. Mr. Zanvyl Krieger is the general
partner of Betje. The business address of Mr. Krieger is c/o
Weinberg and Green, 100 South Charles Street, Baltimore, Maryland
21201. Mr. Krieger's principal occupation is a private investor.
Restart, Restart II, Restart III and Restart IV are Delaware
limited partnerships having their principal address at 10 East 50th Street, New
York, New York 10022. The principal business of Restart, Restart II, Restart III
and Restart IV is to invest in securities of financially troubled companies.
The general partner of Restart is Prime Group, L.P. ("Prime
Group"), a Delaware limited partnership, having its principal address at 10 East
50th Street, New York, New York 10022. The principal business of Prime Group is
to act as the general partner of Restart. The general partner of Prime Group is
Prime, Inc., a Delaware corporation ("Prime"), having its principal office at 10
East 50th Street, New York, New York 10022. The principal business of Prime is
to act as general partner of Prime Group, Prime II, Prime III and Prime IV (as
discussed below). Morgens is the Chairman of the Board of Directors and the
Secretary of Prime. Waterfall is the President of Prime and is also a Director.
All of the information concerning Morgens and Waterfall is set forth below.
The general partner of Restart II is Prime Group II, L.P. ("Prime
II"), a Delaware limited partnership, having its principal address at 10 East
50th Street, New York, New York 10022. The principal business of Prime II is to
act as the general partner of Restart II. The general partner of Prime II is
Prime. All of the information concerning Prime is set forth above.
The general partner of Restart III is Prime Group III, L.P.
("Prime III"), a Delaware limited partnership, having its principal address at
10 East 50th Street, New York, New York 10022. The principal business of Prime
III is to act as the general partner of Restart III. The general partner of
Prime III is Prime. All of the information concerning Prime is set forth above.
The general partner of Restart IV is Prime Group IV, L.P. ("Prime
IV"), a Delaware limited partnership, having its principal address at 10 East
50th Street, New York, New York 10022. The principal business of Prime IV is to
act as the general partner of Restart IV. The general partner of Prime IV is
Prime. All of the relevant information concerning Prime is set forth above.
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Triton Group, Ltd. Page 19 of 24 Pages
SCHEDULE 13D October 7, 1996
MWV Plan is a trust established in 1994 for the benefit of the
employees of Morgens Waterfall. The trustees of the MWV Plan are David Ericson,
Dan Levinson, Morgens, John Raphael and Stephan Yost, all of whom are employees
of Morgens Waterfall. MWV Plan's principal address is 10 East 50th Street, New
York, New York 10022. All of the relevant information concerning Morgens
Waterfall and Morgens is set forth below.
Morgens Waterfall is a New York corporation having its principal
address at 10 East 50th Street, New York, New York 10022. The business of
Morgens Waterfall is rendering of financial services and as such it provides
discretionary investment advisory services pursuant to contracts with MWV and
Betje. In addition, Morgens Waterfall provides discretionary investment advisory
services to the Common Fund and in that capacity has been granted investment
authority over the Common Fund to vote securities registered in the name of the
Common Fund. Under the rules promulgated by the Securities and Exchange
Commission, Morgens Waterfall and its principals may be considered "beneficial
owners" of securities acquired by MWV, Betje and the Common Fund as a result of
their advisory relationship to MWV, Betje and the Common Fund.
Morgens is the Chairman of the Board of Directors and the
Secretary of Morgens Waterfall. Waterfall is the President and Assistant
Secretary of Morgens Waterfall and is also a Director. The primary occupations
of Morgens and Waterfall are to act as the principals in the business of Morgens
Waterfall. The business address of Morgens and Waterfall, each of whom is a
United States citizen, is at the office of Morgens Waterfall at 10 East 50th
Street, New York, New York 10022. Morgens Waterfall has no other officers and
directors.
During the past five years, none of the persons described in this
Item 2 have been convicted in a criminal proceeding. None of such persons is,
and during the past five years none has been, 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
violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
- ------- --------------------------------------------------
On April 12, 1994, the following Reporting Persons purchased
Common Stock in the over-the-counter market through brokerage transactions. The
aggregate number of shares of Common Stock so purchased, as reported in this
Amendment, and the aggregate purchase price of such shares is as follows:
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Triton Group, Ltd. Page 20 of 24 Pages
SCHEDULE 13D October 7, 1996
Aggregate Aggregate
Name # of shares Purchase Price
---- ----------- --------------
MWV 69,400 $0.75
Betje 38,800 $0.75
Phoenix 113,500 $0.75
The source of the payments by MWV, Betje and Phoenix was working
capital, and no part of the purchase price was represented by funds or other
consideration specially borrowed or otherwise specifically obtained for the
purpose of acquiring, holding, trading or voting the securities.
Item 4. Purpose of Transaction.
- ------- -----------------------
The Common Stock acquired by MWV, Betje, Phoenix, and MWV Plan,
was purchased in the over-the-counter market through brokerage transactions in
the ordinary course of business, solely as an investment. The Reporting Persons
have no present plans or proposals which relate to or would result in any of the
actions enumerated in Item 4 of Schedule 13D, although they reserve the right to
buy additional securities of the Company or sell securities of the Company from
time to time.
Item 5. Interest in Securities of the Issuer.
- ------- -------------------------------------
(a) and (b) The following is the amount of Common Stock which is
beneficially owned by each Reporting Person:
Aggregate Percentage
Name # of shares of class
---- ----------- --------
MWV 343,206 1.6%
Betje 173,423 0.8
MWIP 64,768 0.3
Phoenix 501,213 2.3
Restart 400,687 1.9
Restart II 632,697 2.9
Restart III 441,260 2.1
Restart IV 211,830 1.0
Common Fund 12,616 0.06
MWV Plan 89,083 0.4
-----------------------------------------------------
Total 2,870,783 13.4%
The Reporting Persons own in the aggregate approximately 13.4% of
the outstanding shares of Common Stock.
Phaeton does not directly own any of the Common Stock. Phaeton
may be deemed to indirectly beneficially own 343,206 shares of Common Stock by
virtue of its 100% ownership of MWV.
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Triton Group, Ltd. Page 21 of 24 Pages
SCHEDULE 13D October 7, 1996
Morgens Waterfall does not directly own any of the Common Stock.
Morgens Waterfall may be deemed to indirectly beneficially own 529,245 shares of
Common Stock by virtue of contracts with MWV (343,206 shares), Common Fund
(12,616 shares) and Betje (173,423 shares) pursuant to which Morgens Waterfall
provides discretionary investment advisory services.
Waterfall does not directly own any of the Common Stock.
Waterfall may be deemed to indirectly beneficially own 2,781,700 shares of
Common Stock by virtue of his positions as general partner of Phoenix (501,213
shares) and MWIP (64,768 shares); as President, Assistant Secretary and Director
of Morgens Waterfall (529,245 shares); and as President and a Director of Prime,
as general Partner of each of Prime Group, Prime II, Prime III and Prime IV, as
general partner of Restart (400,687 shares), Restart II (632,697 shares),
Restart III (441,260 shares) and Restart IV (211,830 shares) respectively.
Morgens does not directly own any of the Common Stock. Morgens
may be deemed to indirectly beneficially own 2,870,783 shares of Common Stock by
virtue of his position as general partner of Phoenix (501,213 shares) and MWIP
(64,768 shares); as Chairman of the Board of Directors and Secretary of Prime,
as general partner of each of Prime Group, Prime II, Prime III, and Prime IV,
the respective general partners of Restart (400,687 shares), Restart II (632,697
shares), Restart III (441,260 shares) and Restart IV (211,830 shares); as
Chairman of the Board of Directors and Secretary of Morgens Waterfall (529,245
shares); and as trustee of MWV Plan (89,083 shares).
Each Reporting Person hereby disclaims that it has any beneficial
interest in the securities owned, directly or indirectly, by any other entity.
(c) The following is a list of all transactions involving the
Common Stock during the past 60 days, by any of the Reporting Persons named in
Item 2 of this Schedule 13D:
No. of shares
Name Date sold/purchased Price/Share
---- ---- -------------- -----------
MWV 9/27/96 69,400 purchased $ 0.75
Betje 9/27/96 38,800 purchased $ 0.75
Phoenix 9/27/96 113,500 purchased $ 0.75
(d) Except as set forth above, no other person is known to have
the right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of such securities.
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Triton Group, Ltd. Page 22 of 24 Pages
SCHEDULE 13D October 7, 1996
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to the Securities of the Issuer.
--------------------------------------------------------
Except to the extent described in Items 2 and 5, none of the
persons identified in Item 2 is a party to any contract, arrangement,
understanding or relationship with respect to any securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
- ------- ---------------------------------
EXHIBIT A Power of Attorney, dated December 15, 1993 granted
to Messrs. Morgens and Waterfall by the following
parties: Mr. Bruce Waterfall; Phoenix Partners;
Morgens Waterfall Income Partners; Betje Partners;
Phaeton International N.V.; Morgens, Waterfall,
Vintiadis Investments N.V.; The Common Fund for
Non-Profit Organizations; Morgens Waterfall
Vintiadis & Company, Inc.; Restart Partners, L.P.;
Restart Partners II, L.P.; Restart Partners III,
L.P.; Restart Partners IV, L.P.; Morgens Waterfall,
Vintiadis & Co., Inc. Employees' Profit Sharing
Plan; and Mr. Edwin Morgens, for the specific
purpose of executing on their behalf any Schedule
13Ds and amendments thereto for filing with the
Securities and Exchange Commission pursuant to the
requirements of Rule 13d-1(f) (incorporated by
reference to Exhibit A of Amendment No. 2 to
Schedule 13D filed on December 22, 1993 by Phoenix
Partners; Betje Partners; Phaeton International
N.V.; Morgens, Waterfall, Vintiadis Investments
N.V.; Morgens Waterfall Vintiadis & Company, Inc.;
Edwin H. Morgens; and Bruce Waterfall with respect
to the common stock, par value $.01 per share, of
Sudbury, Inc.).
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Triton Group, Ltd. Page 23 of 24 Pages
SCHEDULE 13D October 7, 1996
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of
each person or entity set forth below, each such person or entity certifies that
the information set forth in this statement is true, complete and correct and
agrees that this statement is filed on behalf of each of them.
Dated: October 7, 1996 The Reporting Persons listed herein
By: /s/ Bruce Waterfall
--------------------------------
Bruce Waterfall as attorney-in-fact
for each of the Reporting Persons
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Triton Group, Ltd. Page 24 of 24 Pages
SCHEDULE 13D October 7, 1996
EXHIBIT INDEX
Page No.
--------
Exhibit A Power of Attorney Incorporated by
Reference
<PAGE>
