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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________________
SCHEDULE
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1 (b), (c) and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)/1/
COASTCAST CORPORATION
__________________
(Name of Issuer)
Common Stock, no par value
______________________________
(Title of Class of Securities)
19057T108
_______________
(CUSIP Number)
October 6, 1999
_______________________________________________________
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
/1/* 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 the disclosures provided in a prior cover page.
The information required in 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 10
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SCHEDULE
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CUSIP NO. 19057T108 13G Page 2 of 10 Pages
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- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Formula Fund Management LLC (Tax ID: 13-3932981)
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [_]
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3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
347,889
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
347,889
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
347,889
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
(See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.42%
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12 TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE
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CUSIP NO. 19057T108 13G Page 3 of 10 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Billy D. Dobbs, Jr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
347,889
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
347,889
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
347,889
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.42%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE
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CUSIP NO. 19057T108 13G Page 4 of 10 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Formula Fund LLC
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [_]
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3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
265,715
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
265,715
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,715
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.37%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE
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CUSIP NO. 19057T108 13G Page 5 of 10 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Formula Offshore Investment Fund
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
82,274
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
82,274
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
82,274
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.04%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
Coastcast Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
345 East Victoria Street, Rancho Dominguez, CA 90221
Item 2(a) Name of Person Filing:
This statement is filed by:
(i) Formula Fund Management LLC, a Delaware limited liability
company, with respect to the shares owned directly by Formula
Fund LLC and Formula Offshore Investment Fund;
(ii) Billy D. Dobbs, Jr., as managing member of Formula Fund
Management LLC, with respect to the shares owned directly by
Formula Fund LLC and Formula Offshore Investment Fund; Mr.
Dobbs disclaims beneficial ownership of the shares indirectly
owned by Formula Fund Management LLC;
(iii) Formula Fund LLC, a Delaware limited liability company, with
respect to the shares directly owned by it; and
(iv) Formula Offshore Investment Fund, a Cayman Island limited
company, with respect to the shares directly owned by it.
The foregoing persons are hereinafter referred to as the "Reporting
Persons."
Item 2(b) Address of Principal Business Office or, if None, Residence:
The address of each of the Reporting Persons is 153 E. 53rd Street,
48th Floor, New York, NY 10022.
Item 2(c) Citizenship:
Formula Fund Management LLC and Formula Fund LLC are limited
liability companies organized under the laws of the State of
Delaware. Formula Offshore Investment Fund is a limited company
organized under the laws of the Cayman Islands. Mr. Dobbs, the
managing member of Formula Fund Management LLC, is a United States
citizen.
Item 2(d) Title of Class of Securities:
Common Stock, no par value
Page 6 of 10
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Item 2(e) CUSIP Number:
19057T108
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
Not applicable, this statement is filed pursuant to 13d-1(c).
Item 4 Ownership:
A. Formula Fund Management LLC
(a) Amount beneficially owned: 347,889
(b) Percent of class: 4.42%. The percentages
used herein and in the rest of Item 4 are calculated
based upon the 7,875,171 shares of Common Stock issued
and outstanding as of October 25, 1999 as reflected in
the Company's Form 10-Q for the period ending September
30, 1999.
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 347,889
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
347,889
B. Billy D. Dobbs, Jr.
(a) Amount beneficially owned: 347,889
(b) Percent of class: 4.42%
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 347,889
(iii) Sole power to dispose or direct the disposition:
0
(iv) Shared power to dispose or direct the disposition:
347,889
C. Formula Fund LLC
(a) Amount beneficially owned: 265,715
(b) Percent of class: 3.37%
Page 7 of 10
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(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 265,715
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
265,715
D. Formula Offshore Investment Fund
(a) Amount beneficially owned: 82,274
(b) Percent of class: 1.04%
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 82,274
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
82,274
Item 5. Ownership of Five Percent or Less of a Class.
This statement is being filed to report the fact that, as of the
date of this report, each of the Reporting Persons has ceased to be the
beneficial owner of more than five percent of the class of securities.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Formula Fund Management LLC as the managing member of each Formula
Fund LLC and Formula Offshore Investment Fund has the power to direct the
affairs of Formula Fund LLC and Formula Offshore Investment Fund, including
decisions respecting the disposition of the proceeds from the sale of the
shares. Mr. Dobbs is the managing member of Formula Fund Management LLC, and in
that capacity directs all of its operations.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Page 8 of 10
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Item 10. Certification.
Each of the Reporting Persons hereby makes the following
certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
Page 9 of 10
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SIGNATURES
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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.
Dated: November 15, 1999 FORMULA FUND MANAGEMENT
BILLY D. DOBBS, JR.
FORMULA FUND LLC
FORMULA OFFSHORE INVESTMENT FUND
By: /s/ BILLY D. DOBBS, JR.
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Billy D. Dobbs, Jr., individually, and as
managing member of Formula Fund
Management LLC, managing member of Formula
Fund LLC and Formula Offshore Investment
Fund
Page 10 of 10
