<PAGE>
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._____)*
Telular Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
87970T-10-9
------------------------------
(CUSIP Number)
October 15, 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)
*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 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).
SEC 1745 (3-98)
<PAGE>
PAGE 2 OF 18
===============================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Citadel Limited Partnership
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois limited partnership
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN;HC
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 3 OF 18
================================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Citadel Investment Group, L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited liability company
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
OO;HC
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 4 OF 18
===============================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
GLB Partners, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited partnership
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN;HC
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 5 OF 18
===============================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Kenneth Griffin
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S. citizen
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 6 OF 18
===============================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
NP Partners
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda general partnership
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 7 OF 18
===============================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Olympus Securities, Ltd.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda Company
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
CO
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 8 OF 18
================================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
WCH L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited liability company
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
OO;HC
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 9 OF 18
===============================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Wellington Partners Limited Partnership
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois limited partnership
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN;HC
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 10 OF 18
================================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
WNPH, L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited liability company
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
OO;HC
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
PAGE 11 OF 18
===============================================================================
CUSIP NO. 87970T-10-9
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Kensington Global Strategies Fund, Ltd.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda Company
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,011,826 shares of Common Stock(1)(2)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,011,826 shares of Common Stock(1)(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Row 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
CERTAIN SHARES *(2) [X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.6% Based on 11,709,546 shares of Common Stock issued and outstanding as
of October 15, 1999.(1)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
CO;HC
- ------------------------------------------------------------------------------
(1) The Issuer has informed the Reporting Persons that it had 11,709,546 shares
of Common Stock issued and outstanding as of October 15, 1999.
(2) See Item 4.
<PAGE>
Page 12 of 18
Item 1(a). Name of Issuer:
Telular Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
647 North Lakeview Parkway
Vernon Hills, IL 60061
Item 2(a). Name of Person Filing:
Item 2(b). Address of Principal Business Office or, if none, Residence:
Item 2(c). Citizenship:
Citadel Limited Partnership
225 W. Washington
9th Floor
Chicago, Illinois 60604
Illinois limited partnership
Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Delaware limited liability company
GLB Partners, L.P.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Delaware limited partnership
Kenneth Griffin
225 W. Washington
9th Floor
Chicago, Illinois 60604
U.S. citizen
<PAGE>
WCH L.L.C.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Delaware limited liability company
NP Partners
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Bermuda general partnership
Olympus Securities, Ltd.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Bermuda company
Wellington Partners Limited Partnership
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Illinois limited partnership
WNPH, L.L.C.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Delaware limited liability company
Kensington Global Strategies Fund, Ltd.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Bermuda company
<PAGE>
Page 14 of 18
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
87970T-10-9
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the
Exchange Act;
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [_] Investment company registered under Section 8 of the
Investment Company Act;
(e) [_] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in
accordance with Rule 13d-1(b)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [X]
Item 4. Ownership.
CITADEL INVESTMENT GROUP, L.L.C.
GLB PARTNERS L.P.
CITADEL LIMITED PARTNERSHIP
KENNETH GRIFFIN
NP PARTNERS
OLYMPUS SECURITIES, Ltd.
WCH L.L.C.
WELLINGTON PARTNERS LIMITED PARTNERSHIP
WNPH, L.L.C.
<PAGE>
Page 15 of 18
KENSINGTON GLOBAL STRATEGIES FUND, LTD.
(a) Amount Beneficially Owned:
1,011,826 shares of Common Stock. (2)
(b) Percent of Class:
8.6%. Based on 11,709,546 shares of Common Stock issued and
outstanding as of October 15, 1999.(1)(2)
(c) Number of shares as to which persons filing statement have:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
See Item (a) above.
(iii) Sole power to dispose or to direct the disposition
of:
0
(iv) Shared power to dispose or to direct the disposition
of:
See Item (a) above.
(1) The Issuer informed the Reporting Persons that it had 11,709,546 shares of
Common Stock issued and outstanding as of October 15, 1999.
(2) Does not include approximately 1,918,268 shares of Common Stock that the
Reporting Persons believe the Issuer owed NP Partners and Olympus Securities,
Ltd. upon mandatory conversion of the Issuer's Series A Convertible Preferred
Stock on October 15, 1999, over and above the 1,011,806 shares of Common Stock,
in aggregate, that NP Partners and Olympus Securities, Ltd. did receive upon
such mandatory conversion. The Issuer has disputed the entitlement of NP
Partners and Olympus Securities, Ltd. to any additional shares of Common Stock
other than the 1,011,806 shares that those entities have already received upon
the mandatory conversion.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [_].
<PAGE>
Page 16 of 18
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
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.
See Item 2.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. 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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 25, 1999
/s/ Kenneth Griffin
- ----------------------------------
Kenneth Griffin
CITADEL INVESTMENT GROUP, L.L.C.
By: /s/ Kenneth Griffin
-------------------------------
Kenneth Griffin, President
<PAGE>
Page 17 of 18
GLB PARTNERS, L.P.
By: Citadel Investment Group, L.L.C., its general partner
By: /s/ Kenneth Griffin
-------------------------------
Kenneth Griffin, President
CITADEL LIMITED PARTNERSHIP
By: GLB Partners, L.P., its general partner
By: Citadel Investment Group, L.L.C., its general partner
By: /s/ Kenneth Griffin
-------------------------------
Kenneth Griffin, President
WCH L.L.C.
By: Citadel Limited Partnership, its sole member
By: GLB Partners, L.P., its general partner
By: Citadel Investment Group, L.L.C., its general partner
By: /s/ Kenneth Griffin
-------------------------------
Kenneth Griffin, President
NP PARTNERS
By: WCH L.L.C., its general partner
By: Citadel Limited Partnership, its sole member
By: GLB Partners, L.P., its general partner
By: Citadel Investment Group, L.L.C., its general partner
By: /s/ Kenneth Griffin
-------------------------------
Kenneth Griffin, President
OLYMPUS SECURITIES, LTD.
By: Citadel Limited Partnership, its trading manager
By: GLB Partners, L.P., its general partner
By: Citadel Investment Group, L.L.C., its general partner
By: /s/ Kenneth Griffin
-------------------------------
Kenneth Griffin, President
<PAGE>
Page 18 of 18
WELLINGTON PARTNERS LIMITED PARTNERSHIP
By: Citadel Limited Partnership, its general partner
By: GLB Partners, L.P., its general partner
By: Citadel Investment Group, L.L.C., its general partner
By: /s/ Kenneth Griffin
--------------------------------------
Kenneth Griffin, President
WNPH, L.L.C.
By: Wellington Partners Limited Partnership, its sole member
By: Citadel Limited Partnership, its general partner
By: GLB Partners, L.P., its general partner
By: Citadel Investment Group, L.L.C., its general partner
By: /s/ Kenneth Griffin
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Kenneth Griffin, President
KENSINGTON GLOBAL STRATEGIES FUND, LTD.
By: Citadel Limited Partnership, its trading manager
By: GLB Partners, L.P., its general partner
By: Citadel Investment Group, L.L.C., its general partner
By: /s/ Kenneth Griffin
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Kenneth Griffin, President
