SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. _______)*
Telular Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
87970T208
(CUSIP Number)
Stephen M. Schultz, Esq., Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue New York, New York 10176
Tel: (212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 12, 2000
(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
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).
(Continued on the following pages)
(Page 1 of 8)
<PAGE>
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Halifax Fund, L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, BWI
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
846,325
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
846,325
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
846,325
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.5%
12. TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Palladin Group, L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
846,325
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
846,325
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
846,325
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.5%
12. TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
Telular Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
647 North Lakeview Parkway
Vernon Hills, Illinois 60061
Item 2(a). Name of Person Filing:
The names of the persons filing this statement on Schedule 13G are:
Halifax Fund, L.P., a Cayman Islands exempted limited partnership
("Halifax"), and The Palladin Group, L.P., a Texas limited partnership
("Palladin"). Yarmouth Investments Ltd., a Cayman Islands exempted
company ("Yarmouth") is the sole general partner of Halifax. Palladin
Capital Management, LLC, a Delaware limited liability company ("PCM"),
is the sole general partner of Palladin. Palladin is the investment
manager for Halifax. Palladin expressly disclaims equitable ownership
of and pecuniary interest in any shares of Common Stock. Both PCM and
Yarmouth are controlled by Jeffrey Devers.
Item 2(b). Address of Principal Business Office or, if None, Residence:
HALIFAX
The business address of Halifax is c/o CITCO Fund Services (Cayman Islands)
Limited, Corporate Centre, West Bay Road, Grand Cayman, Cayman Islands, British
West Indies.
PALLADIN
The business address of Palladin is 195 Maplewood Avenue, Maplewood,
New Jersey 07040.
Item 2(c). Citizenship:
Halifax is an exempted limited partnership formed under the laws of the
Cayman Islands.
Palladin is a limited partnership formed under the laws of Texas.
Item 2(d). Title of Class of Securities:
Common Stock (the "Common Stock")
Item 2(e). CUSIP Number: 87970T208
<PAGE>
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 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)(1)(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.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Halifax and Palladin together beneficially own 846,325 shares
of Common Stock, consisting of 355,556 shares of Common Stock
held outright, warrants exercisable for an additional 308,572
shares of Common Stock ("Warrants"), and rights to purchase
(i) an additional 142,197 shares of Common Stock and (ii)
additional Warrants exercisable for 40,000 shares of Common
Stock ("Rights").
The amount of shares of Common Stock into which the Warrants
and the Rights are exercisable is limited to that amount that
would result in Halifax and Palladin together having
beneficial ownership of Common Stock not exceeding 9.9% of
all the outstanding shares of Common Stock.
Palladin is a beneficial owner only by virtue of being the
investment manager of Halifax and expressly disclaims
equitable ownership of and pecuniary interest in any shares
of Common Stock.
(b) Percent of class:
Halifax and Palladin's aggregate beneficial ownership of
846,325 shares of Common Stock constitutes 6.5% of all of the
outstanding shares of Common Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
Not applicable.
(ii) Shared power to vote or to direct the vote
Halifax and Palladin together have shared power to
vote or direct the vote of 846,325 shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of
Not applicable.
(iv) Shared power to dispose or to direct the disposition of
Halifax and Palladin together have shared power to
dispose or direct the disposition of 846,325 shares of Common
Stock.
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 Persons have ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[ ].
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(a).
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below the undersigned certifies that, to the best of its
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.
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information with respect to it set
forth in this statement is true, complete, and correct.
Dated: June 1, 2000
HALIFAX FUND, L.P.
By: Yarmouth Investments Ltd.,
General Partner
By:
Robert Chender
Authorized Person
THE PALLADIN GROUP, L.P.
By: Palladin Capital Management, LLC,
General Partner
By:
Robert Chender
Authorized Person
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Telular Corporation dated June 1, 2000 is, and
any further amendments thereto signed by each of the undersigned shall be, filed
on behalf of each of the undersigned pursuant to and in accordance with the
provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended.
Dated: June 1, 2000
HALIFAX FUND, L.P.
By: Yarmouth Investments Ltd.,
General Partner
By:/s/ Robert Chender
Robert Chender
Authorized Person
THE PALLADIN GROUP, L.P.
By: Palladin Capital Management, LLC,
General Partner
By:/s/ Robert Chender
Robert Chender
Authorized Person
