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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________________
SCHEDULE 13G
(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/
COASTCAST CORPORATION
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
19057T108
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(CUSIP Number)
June 30, 1999
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(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)
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/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 13G
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CUSIP NO. 19057T108 PAGE 2 OF 10 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Formula Fund Management LLC (Tax ID: 13-3932981)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
398,889
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
398,889
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
398,889
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.03%
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TYPE OF REPORTING PERSON*
12
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13G
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CUSIP NO. 19057T108 PAGE 3 OF 10 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Billy D. Dobbs, Jr.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States of America
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SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
398,889
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
398,889
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
398,889
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.03%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13G
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CUSIP NO. 19057T108 PAGE 4 OF 10 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Formula Fund LLC
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
315,315
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
315,315
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
315,315
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.98%
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TYPE OF REPORTING PERSON*
12
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13G
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CUSIP NO. 19057T108 PAGE 5 OF 10 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Formula Offshore Investment Fund
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Cayman Islands
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SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
83,574
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
83,574
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
83,574
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
1.05%
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TYPE OF REPORTING PERSON*
12
OO
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*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: 398,889
(b) Percent of class: 5.03%. The percentages used herein and in
the rest of Item 4 are calculated based upon the 7,925,704
shares of Common Stock issued and outstanding as of April 26,
1999 as reflected in the Company's Form 10-Q for the period
ending March 31, 1999.
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 398,889
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
398,889
B. Billy D. Dobbs, Jr.
(a) Amount beneficially owned: 398,889
(b) Percent of class: 5.03%
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 398,889
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
398,889
C. Formula Fund LLC
(a) Amount beneficially owned: 315,315
(b) Percent of class: 3.98%
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: 315,315
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
315,315
D. Formula Offshore Investment Fund
(a) Amount beneficially owned: 83,574
(b) Percent of class: 1.05%
(c) (i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 83,574
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
83,574
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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: July 9, 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
