SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of 1934
(Amendment No. 6 )*
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)
June 24, 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 Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-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).
<PAGE>
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: 492,808*
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Shares Beneficially 8) Shared Voting Power: 0
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Owned by
Each Reporting 9) Sole Dispositive Power: 492,808*
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Person With: 10) Shared Dispositive Power: 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
492,808*
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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):
4.9%*
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14) Type of Reporting Person (See Instructions): IA
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* 331,348 shares (3.3%) 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"). No shares (0.0%) of Primex Technologies, Inc.
common stock are owned by Madison Avenue Partners, L.P., a Delaware limited
partnership ("Madison"). No shares (0.0%) 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.
<PAGE>
Item 5. Interest in Securities of the Issuer
Based upon information set forth in Primex Technologies, Inc.'s
quarterly report as amended on May 14, 1999, as of April 30, 1999, there were
issued and outstanding 10,051,918 shares of common stock of Primex Technologies,
Inc. As of June 28, 1999, Tyndall Partners, L.P. owned 331,348 of such shares,
or 3.3% 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 none of such shares, or 0.0% of those outstanding, and Halo International,
Ltd. owned none of such shares, or 0.0% 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. As of June 24, 1999, the reporting person no longer
beneficially owned 5% of the outstanding common stock of Primex Technologies,
Inc. 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. 5 (each of which were
effected in ordinary brokers transactions):
A. Tyndall Partners, L.P.
Date Quantity Price
(Purchases)
NONE
(Sales)
June 9, 1999 2,900 $ 18.94
June 15, 1999 5,000 $ 19.00
June 15, 1999 1,200 $ 19.06
June 24, 1999 159,840 $ 18.98
B. Tyndall Institutional Partners, L.P.
Date Quantity Price
(Purchases)
NONE
(Sales)
NONE
C. Madison Avenue Partners, L.P.
Date Quantity Price
(Purchases)
NONE
(Sales)
June 24, 1999 65,440 $ 18.98
D. Halo International, Ltd.
Date Quantity Price
(Purchases)
NONE
(Sales)
June 24, 1999 84,720 $ 18.98
<PAGE>
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.
June 29, 1999
/s/ Jeffrey S. Halis
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Jeffrey S. Halis, as a member of
Jeffrey Management, L.L.C., a
general 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).
