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UNITED STATES OMB Number: 3235-0145
SECURITIES AND EXCHANGE COMMISSION Expires: October 31, 1994
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
OPTi, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
683960108
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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)
February 5, 1998
- -------------------------------------------------------------------------------
(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 [ ]. (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>
SCHEDULE 13D
CUSIP NO. 76655L101 Page 2 of 7 Pages
--------- --- ---
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Caxton International Limited
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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
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
British Virgin Islands
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 814,500
------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 814,500
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
814,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.27%
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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>
SCHEDULE 13D
CUSIP NO. 76655L101 Page 3 of 7 Pages
--------- --- ---
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bruce S. Kovner
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 814,500
------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 814,500
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
814,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.27%
- --------------------------------------------------------------------------------
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.
<PAGE>
This Amendment 1 to Schedule 13D relates to the Common Stock, par value
$.01 per share (the "Common Stock"), of OPTi, Inc., a California corporation
(the "Company"), 888 Tasman Drive, Milpitas, CA 95035. This Amendment 1
supplements and amends the initial Statement on Schedule 13D (the "Schedule
13D") filed with the Securities and Exchange Commission on January 9, 1998 (with
respect to transactions occurring through and including December 31, 1997) by
the persons filing this Amendment 1.
Item 3: Source and Amount of Funds or Other Consideration.
- ------- --------------------------------------------------
The information set forth in Item 3 ("Source and Amount of Funds or Other
Consideration") of the Schedule 13D is hereby amended and supplemented by
inserting the following paragraph at the end thereof:
"An aggregate of $943,308 (excluding commissions, if any) was paid in a
series of transactions pursuant to which Caxton International acquired the
Shares (as defined in Item 5 below) since December 31, 1997. All of the
foregoing amounts were paid out of Caxton International's working capital."
Item 5: Interest in Securities of the Issuer.
- ------- -------------------------------------
The information set forth in Item 5 ("Interest in Securities of the
Issuer"), subparagraph (a) of the Schedule 13D is hereby amended by replacing
the first two sentences thereof with the following two sentences:
"(a) Caxton International beneficially owns 814,500 shares of Common Stock
(the "Shares"). The Shares represent approximately 6.27% of the total shares of
Common Stock issued and outstanding."
The information set forth in Item 5 ("Interest in the Securities of the
Issuer"), subparagraph (c) of the Schedule 13D is hereby amended and
supplemented by adding the following paragraph at the end thereof:
"Caxton International acquired additional Shares 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 January
1, 1998 and February 5, 1998. See Exhibit B for disclosure of (1) the date, (2)
the price and (3) the amount of Stock purchased or sold by Caxton International
and subsidiaries since December 31, 1997."
Page 4 of 7 Pages
<PAGE>
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
February __, 1998 CAXTON INTERNATIONAL LIMITED
By:______________________________
Name:
Title:
By:______________________________
Name:
Title:
---------------------------------
Bruce S. Kovner
Page 5 of 7 Pages
<PAGE>
EXHIBIT B PRICE PER
CAXTON INTERNATIONAL LIMITED SHARE
NO. OF SHARES (Excluding
TRADE DATE PURCHASED (SOLD) Commission)
---------- ---------------------------- ---------------
2-Jan-98 20,000 $6.3125
6-Jan-98 5,000 6.0625
6-Jan-98 5,000 6.125
7-Jan-98 3,500 6
7-Jan-98 5,000 6.125
8-Jan-98 12,900 6.2083
8-Jan-98 7,000 6.2232
8-Jan-98 5,000 6.3125
9-Jan-98 48,000 6.4674
9-Jan-98 17,000 6.5955
5-Feb-98 14,600 6.625
Page 6 of 7 Pages
<PAGE>
Exhibit 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(f)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
Dated: February , 1998 CAXTON INTERNATIONAL LIMITED
By:______________________________
Name:
Title:
By:______________________________
Name:
Title:
---------------------------------
Bruce S. Kovner
Page 7 of 7 Pages
