SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of 1934
(Amendment No. 5 )*
PRIMEX TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
741597108
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(CUSIP Number)
with a copy to:
Robert G. Minion, Esq.
Jeffrey S. Halis Lowenstein Sandler PC
10 East 50th Street 65 Livingston Avenue
New York, New York 10022 Roseland, New Jersey 07068
(212) 588-9697 (973) 597-2500
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(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
May 20, 1999
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(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule l3d-7(b) 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).
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CUSIP NO. 741597108
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1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only):
Jeffrey S. Halis
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2) Check the Appropriate Box if a Member of a Group (See Instructions): N/A
(a) ___ (b) ___
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3) SEC Use Only
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4) Source of Funds (See Instructions):WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e):
Not Applicable
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6) Citizenship or Place of Organization: United States
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Number of 7) Sole Voting Power: 811,908*
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Shares Beneficially 8) Shared Voting Power: 0
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Owned by
Each Reporting 9) Sole Dispositive Power: 811,908*
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Person With: 10) Shared Dispositive Power: 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
811,908*
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): Not Applicable
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13) Percent of Class Represented by Amount in Row (11):
8.1%*
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14) Type of Reporting Person (See Instructions): IA
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* 500,288 shares (5.0%) of Primex Technologies, Inc. common stock are owned
by Tyndall Partners, L.P., a Delaware limited partnership ("Tyndall").
161,460 shares (1.6%) of Primex Technologies, Inc. common stock are owned
by Tyndall Institutional Partners, L.P., a Delaware limited partnership
("Tyndall Institutional"). 65,440 shares (0.7%) of Primex Technologies,
Inc. common stock are owned by Madison Avenue Partners, L.P., a Delaware
limited partnership ("Madison"). 84,720 shares (0.8%) of Primex
Technologies, Inc. common stock are owned by Halo International, Ltd., a
company organized under the laws of the Cayman Islands ("Halo"). Pursuant
to the Agreement of Limited Partnership of each of Tyndall, Tyndall
Institutional, and Madison and the Investment Management Agreement of Halo,
Jeffrey S. Halis possesses sole voting and investment control over all
securities owned by each of Tyndall, Tyndall Institutional, Madison, and
Halo, respectively. Jeffrey S. Halis' interest in the shares set forth
herein is limited to the extent of his pecuniary interest, if any, in
Tyndall, Tyndall Institutional, Madison and Halo, respectively. See Item 5
for further information on the computation of percentages set forth herein.
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Item 5. Interest in Securities of the Issuer
Based upon information set forth in Primex Technologies, Inc.'s
quarterly report filed May 12, 1999, as of April 30, 1999, there were issued and
outstanding 10,051,918 shares of common stock of Primex Technologies, Inc. As of
May 26, 1999, Tyndall Partners, L.P. owned 500,288 of such shares, or 5.0% of
those outstanding, Tyndall Institutional Partners, L.P. owned 161,460 of such
shares, or 1.6% of those outstanding, Madison Avenue Partners, L.P. owned 65,440
of such shares, or 0.7% of those outstanding, and Halo International, Ltd. owned
84,720 of such shares, or 0.8% of those outstanding. Jeffrey Halis possesses
sole power to vote and direct the disposition of all shares of common stock of
Primex Technologies, Inc. owned by each of Tyndall Partners, L.P., Tyndall
Institutional Partners, L.P., Madison Avenue Partners, L.P. and Halo
International, Ltd. The following table details the transactions by each of
Tyndall Partners, L.P., Tyndall Institutional Partners, L.P., Madison Avenue
Partners, L.P. and Halo International, Ltd., in shares of common stock of Primex
Technologies, Inc. since the most recent filing of Schedule 13D Amendment No. 4
(each of which were effected in ordinary brokers transactions):
A. Tyndall Partners, L.P.
Date Quantity Price
(Purchases)
NONE
(Sales)
April 20, 1999 3,800 $ 21.08
April 23, 1999 25,000 $ 20.69
April 26, 1999 100 $ 21.72
April 27, 1999 7,500 $ 21.90
April 29, 1999 600 $ 21.32
April 29, 1999 8,100 $ 21.32
May 6, 1999 60,000 $ 20.75
May 6, 1999 2,000 $ 20.75
May 18, 1999 12,000 $ 18.15
May 19, 1999 14,400 $ 18.10
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May 20, 1999 20,000 $ 18.41
May 20, 1999 25,560 $ 18.41
May 20, 199 3,040 $ 18.41
May 20, 1999 5,560 $ 18.41
May 20, 1999 4,440 $ 18.41
May 21, 1999 10,300 $ 19.00
May 24, 1999 4,200 $ 18.87
May 25, 1999 2,000 $ 19.00
May 26, 1999 10,000 $ 18.87
B. Tyndall Institutional Partners, L.P.
Date Quantity Price
(Purchases)
NONE
(Sales)
April 23, 1999 6,000 $ 20.69
April 23, 1999 4,400 $ 20.69
April 23, 1999 6,600 $ 20.69
April 23, 1999 6,000 $ 20.69
April 23, 1999 2,000 $ 20.69
April 27, 1999 2,000 $ 21.90
April 27, 1999 5,600 $ 21.90
April 28, 1999 1,100 $ 21.67
May 24, 1999 1,500 $ 18.87
May 26, 1999 3,500 $ 18.87
C. Madison Avenue Partners, L.P.
Date Quantity Price
(Purchases)
NONE
(Sales)
May 6, 1999 8,200 $ 20.75
May 19, 1999 400 $ 18.10
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May 19, 1999 2,600 $ 18.10
May 20, 1999 1,400 $ 18.41
May 20, 1999 4,400 $ 18.41
May 20, 1999 5,200 $ 18.41
May 24, 1999 1,500 $ 18.87
May 26, 1999 3,000 $ 18.87
D. Halo International, Ltd.
Date Quantity Price
(Purchases)
NONE
(Sales)
NONE
Signature
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned hereby certify that the information set forth in
this statement is true, complete and correct.
May 27, 1999
/s/ Jeffrey S. Halis
__________________
Jeffrey S. Halis, as a general partner
partner of Halo Capital Partners, L.P.,
the general partner of each of Tyndall
Partners, L.P., Tyndall Institutional
Partners, L.P., and Madison Avenue
Partners, L.P.
/s/ Jeffrey S. Halis
__________________
Jeffrey S. Halis, as a member of Jemi
Management, L.L.C., the Investment
Manager for Halo International, Ltd.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
