SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE l3D
(Amendment No. 5)
Under the Securities Exchange Act of 1934
ECHELON INTERNATIONAL CORPORATION
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
278747100
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(CUSIP Number)
with a copy to:
Jeffrey S. Halis Peter S. Friedman, Esq.
10 East 50th Street Lowenstein Sandler P.C.
New York, New York 10022 65 Livingston Avenue
(212) 588-9697 Roseland, New Jersey 07068
(973) 597-2570
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 21, 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 Rule l3d-7 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>
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1) Names of Reporting Persons (S.S. or I.R.S. Identification Nos. of Above
Persons):
Jeffrey S. Halis
________________________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See Instructions):
(a) Not
(b) Applicable
________________________________________________________________________________
3) SEC Use Only
________________________________________________________________________________
4) Source of Funds (See Instructions): WC, PF
________________________________________________________________________________
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e): Not Applicable
________________________________________________________________________________
6) Citizenship or Place of Organization:
United States
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Number of 7) Sole Voting Power: 573,532*
Shares Beneficially ----------------------------------------
Owned by 8) Shared Voting Power: 0
Each Reporting ----------------------------------------
Person With: 9) Sole Dispositive Power: 573,532*
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10) Shared Dispositive Power: 0
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________________________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting Person:
573,532*
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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): 8.6%*
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14) Type of Reporting Person (See Instructions): IA, IN
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* 392,949 shares (5.8%) of Echelon International Corporation common stock,
par value $0.01 per share (the "Common Stock") are owned by Tyndall
Partners, L.P., a Delaware limited partnership ("Tyndall"). 133,003 shares
(2.0%) of the Common Stock are owned by Tyndall Institutional Partners,
L.P., a Delaware limited partnership ("Tyndall Institutional"). 42,580
shares (0.6%) of the Common Stock are owned by Madison Avenue Partners,
L.P., a Delaware limited partnership ("Madison"). 0 shares (0%) of the
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. In addition, 5,000 shares
(0.1%) of the Common Stock are owned individually by Jeffrey S. Halis.
Jeffrey S. Halis possesses sole voting and investment control over the
shares of Common Stock owned individually by him. See Item 5 for further
information on the computation of percentages set forth herein.
<PAGE>
Item 1. Security and Issuer
This statement relates to the common stock, par value $0.01 per share
(the "Common Stock") of Echelon International Corporation, whose principal
executive offices are located at 450 Carillon Parkway, Suite 200, St.
Petersburg, Florida 33716.
Item 5. Interest in Securities of the Issuer.
Based upon information set forth in Echelon International
Corporation's quarterly report on Form 10-Q for the quarter ended September 30,
1999, as of November 10, 1999 there were 6,719,723 shares of Common Stock
outstanding. As of December 21, 1999, Tyndall Partners, L.P. ("Tyndall") owned
392,949 (5.8%) of such shares, Tyndall Institutional Partners, L.P. ("Tyndall
Institutional") owned 133,003 (2.0%) of such shares, Halo International, Ltd.
("Halo") owned 0 (0.0%) of such shares, Madison Avenue Partners, L.P.
("Madison") owned 42,580 (0.6%) of such shares, and Jeffrey S. Halis,
individually, owned 5,000 (0.1%) of such shares. Jeffrey Halis possesses sole
power to vote and direct the disposition of all shares of Common Stock owned by
each of Tyndall, Tyndall Institutional, Madison, Halo and individually by
Jeffrey S. Halis. The following table details the transactions by each of
Tyndall, Tyndall Institutional and Halo International, Ltd. in shares of common
stock of Echelon International Corp. during the sixty days preceding the date of
event which requires filing of this statement (each of which were effected in
ordinary brokers transactions):
A. Tyndall Partners, L.P.
Date Quantity Price
(Purchases)
NONE
(Sales)
December 21, 1999 7,100 $25.34
<PAGE>
B. Halo International, Ltd.
Date Quantity Price
(Purchases)
NONE
(Sales)
November 15, 1999 1,000 $21.95
November 23, 1999 8,600 $23.07
November 24, 1999 1,500 $22.82
November 26, 1999 5,500 $23.05
November 29, 1999 3,500 $22.88
December 1, 1999 700 $22.89
December 2, 1999 1,000 $22.89
December 3, 1999 20,000 $22.88
December 6, 1999 600 $22.83
December 7, 1999 4,800 $22.89
December 8, 1999 20,000 $23.11
December 9, 1999 5,000 $24.47
December 13, 1999 6,700 $23.71
December 16, 1999 2,000 $23.57
December 17, 1999 6,000 $24.32
December 20, 1999 7,900 $24.52
December 21, 1999 7,900 $25.34
C. Tyndall Institutional Partners, L.P.
Date Quantity Price
(Purchases)
October 21, 1999 3,200 $23.94
October 22, 1999 7,300 $23.93
October 25, 1999 2,000 $23.81
(Sales)
NONE
<PAGE>
Signature
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned hereby certifies that the information set
forth in this statement is true, complete and correct.
January 5, 2000
/s/ Jeffrey S. Halis
Jeffrey S. Halis, individually and as the
managing member of Jeffrey Management,
L.L.C., the general partner of Halo
Capital Partners, L.P., the general part-
ner of each of Tyndall Partners, L.P.,
Tyndall Institutional Partners, L.P., and
Madison Avenue Partners, L.P., and 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).
