SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Novoste Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.001
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(Title of Class of Securities)
67010C100
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(CUSIP Number)
Andrew S. Paul, Esquire
c/o Tudor Investment Corporation
One Liberty Plaza, 51st Floor
New York, NY 10006
(212) 602-6700
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 11, 1999
-----------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a Statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
Schedule because of Rule 13d-1(b) (3) or (4), check the following box [ ].
Page 1
<PAGE>
CUSIP No. 67010C100
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Investment Corporation
22-2514825
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [X]
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6) Citizenship or Place of Organization Delaware
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 181,476
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 181,476
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 181,476
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 1.3%
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14) Type of Reporting Person (See Instructions) CO
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Page 2
<PAGE>
CUSIP No. 67010C100
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Paul Tudor Jones, II
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization United States of America
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 255,600
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 255,600
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 1.8%
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 1.8%
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14) Type of Reporting Person (See Instructions) IN
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Page 3
<PAGE>
CUSIP No. 67010C100
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor BVI Futures, Ltd.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization British Virgin Islands
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 77,068
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 77,068
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 0.5%
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 0.5%
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14) Type of Reporting Person (See Instructions) CO
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Page 4
<PAGE>
CUSIP No. 67010C100
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Global Trading LLC
13-3862744
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization Delaware
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 0
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 0.0%
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14) Type of Reporting Person (See Instructions) OO
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Page 5
<PAGE>
CUSIP No. 67010C100
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Proprietary Trading, L.L.C.
13-3720063
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization Delaware
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 74,124
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 74,124
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 74,124
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 0.5%
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14) Type of Reporting Person (See Instructions) OO
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Page 6
<PAGE>
CUSIP No. 67010C100
- --------------------------------------------------------------------------------
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Upper Mill Capital Appreciation Fund Ltd.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization Cayman Islands
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 104,408
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 104,408
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 104,408
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 0.7%
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14) Type of Reporting Person (See Instructions) CO
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Page 7
<PAGE>
CUSIP No. 67010C100
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Fund Ltd.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization Cayman Islands
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 0
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 0.0%
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14) Type of Reporting Person (See Instructions) CO
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Page 8
<PAGE>
CUSIP No. 67010C100
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Fund L.P.
13-3735415
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization Cayman Islands
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 0
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 0.0%
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14) Type of Reporting Person (See Instructions) CO
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Page 9
<PAGE>
CUSIP No. 67010C100
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Arbitrage Partners L.P.
13-3496979
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization Cayman Islands
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 0
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 0.0%
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14) Type of Reporting Person (See Instructions) PN
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Page 10
<PAGE>
CUSIP No. 67010C100
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Portfolio Ltd.
98-0211544
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds OO
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5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization Cayman Islands
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(7) Sole Voting Power 0
Number of Shares ----------------------------------------------------------
Beneficially (8) Shared Voting Power 0
Owned by Each ----------------------------------------------------------
Reporting Person (9) Sole Dispositive Power 0
With ----------------------------------------------------------
(10) Shared Dispositive Power 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person 0
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12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13) Percent of Class Represented by Amount in Row 11 0.0%
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14) Type of Reporting Person (See Instructions) CO
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Page 11
<PAGE>
Item 1. Security and Issuer
-------------------
This Amendment No. 2, dated November 11, 1999, amends the Schedule 13D,
dated October 22, 1997 and relates to the Common Stock, par value $.01 per share
("Common Share"), of Novoste Corp., a Florida corporation (the "Company"). This
Amendment No. 2 is filed by Tudor Investment Corporation, a Delaware corporation
("TIC"), Paul Tudor Jones, II, a natural person and a citizen of the United
States ("Mr. Jones"), The Raptor Global Fund Ltd., a company organized under the
laws of the Cayman Islands ("Raptor Ltd."), The Raptor Global Fund L.P., a
Delaware limited partnership ("Raptor L.P."), The Raptor Global Portfolio Ltd.,
a company organized under the laws of the Cayman Islands ("Raptor Portfolio"),
Tudor Arbitrage Partners L.P., a Delaware limited partnership ("TAP"), Tudor
Global Trading LLC, a Delaware limited liability company ("TGT"), Tudor BVI
Futures, Ltd., a corporation organized under the laws of the British Virgin
Islands ("Tudor BVI"), Tudor Proprietary Trading, L.L.C. ("TPT") and The Upper
Mill Capital Appreciation Fund Ltd., a company organized under the laws of the
Cayman Islands ("Upper Mill", and collectively with TIC, Mr. Jones, Raptor Ltd.,
Raptor L.P., Raptor Portfolio, TAP, TGT, TPT and Tudor BVI, the "Reporting
Persons"). * The summary of information on schedule attached hereto is qualified
in is entirety by reference to such schedule, which is incorporated by reference
herein.
The Company's principal executive offices are located at 3890 Steve
Reynolds Blvd., Norcross, GA 30093.
Item 5. Interest in Securities of the Issuer
------------------------------------
Attached hereto as Schedule I is a list of the transactions by each of
the Reporting Persons in Common Stock within the past sixty days.
Because TIC is the sole general partner of Raptor L.P. and provides
investment advisory services to Raptor Portfolio, Raptor Ltd., Raptor L.P. and
Tudor BVI, TIC may be deemed to beneficially own the shares of Common Stock
owned by each of such Reporting Persons. TGT, as the sole general partner of
TAP, may be deemed to beneficially own the shares of Common Stock owned by TAP.
In addition, because Mr. Jones owns a majority of the capital stock and voting
securities of TIC and indirectly owns a majority of the equity interests in TGT,
Mr. Jones may be deemed to beneficially own the shares of Common Stock deemed
beneficially owned by TIC and TGT.
Based on information contained in the Company's Form 10-Q for the
quarter ended September 30, 1999 that there were 14,169,851 shares of Common
Stock issued and outstanding as of October 22, 1999, each Reporting Person
beneficially owns (or, with respect to TIC, Mr. Jones and TGT, may be deemed to
beneficially own) the number and percentage of outstanding shares of Common
Stock listed in the responses to Items 11 and 13, respectively, of the cover
page filed herewith for such Reporting Person. In addition, the number of shares
of Common Stock beneficially owned (or, with respect to TIC, Mr. Jones and TGT,
which may be deemed beneficially owned) by each Reporting Person with respect to
which such Reporting Person (i) has sole voting power, (ii) shares voting power,
(iii) has sole dispositive power and (iv) shares dispositive power are listed in
the responses to Items 7, 8, 9 and 10, respectively, of the cover page filed
herewith for such Reporting Person. The voting and dispositive power is reported
as shared because each of Raptor Portfolio, Raptor Ltd., Raptor L.P. and Tudor
BVI has the power to remove TIC as its investment advisor or general partner and
because TAP has the power to remove TGT as its general partner. Each of Raptor
Portfolio, Raptor Ltd., Raptor L.P., TAP and Tudor BVI expressly disclaim
beneficial ownership of the shares of Common Stock beneficially owned by any
other such Reporting Person and each of TIC, Mr. Jones and TGT disclaim
beneficial ownership of the Common Stock beneficially owned by Raptor Portfolio,
Raptor Ltd., Raptor L.P., TAP and Tudor BVI and, in the case of Mr. Jones, TIC
and TGT.
On October 1, 1999, each of Raptor L.P. and Raptor Ltd. transferred
their entire interest in the Company to Raptor Portfolio, their wholly-owned
affiliate.
Following the sales reported on Schedule I, none of the Reporting
Persons remained the beneficial owner, pursuant to Rule 13(d)(1)(i), of more
than 5% of the Common Stock of the Company.
- ---------------------------------
* For purposes of this Amendment No. 2 to the Statement on Schedule 13D the
Reporting Persons have filed as a "group". Nevertheless, the Reporting
Persons hereby disclaim that they are members of a "group" for purposes of
Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose.
Page 12
<PAGE>
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.
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.
Dated: November 16, 1999
TUDOR INVESTMENT CORPORATION
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General Counsel
/s/ Paul Tudor Jones, II
---------------------------------------------
Paul Tudor Jones, II
TUDOR BVI FUTURES, LTD.
By: Tudor Investment Corporation,
Trading Advisor
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General Counsel
TUDOR GLOBAL TRADING LLC,
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE RAPTOR GLOBAL PORTFOLIO LTD.
By: Tudor Investment Corporation,
Investment Advisor
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General Counsel
Page 13
<PAGE>
TUDOR ARBITRAGE PARTNERS L.P.
By: TUDOR GLOBAL TRADING LLC,
General Partner
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General Counsel
TUDOR PROPRIETARY TRADING, L.L.C.
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE RAPTOR GLOBAL FUND L.P.
By: Tudor Investment Corporation,
General Partner
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE RAPTOR GLOBAL FUND LTD.
By: Tudor Investment Corporation,
Investment Advisor
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE UPPER MILL CAPITAL APPRECIATION FUND LTD.
By: Tudor Investment Corporation,
Sub-Investment Manager
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General Counsel
Page 14
<PAGE>
Schedule I
TRANSACTIONS
All shares of Common Stock were sold in connection with the Exchange.
Raptor Portfolio
- ----------------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
11/11/99 Sale 36,700 $14.8438
11/11/99 Sale 269,400 $14.352
Total Common Stock beneficially owned as of the date of this Amendment No. 2
to Schedule 13D: 0
Tudor BVI
- ---------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
11/11/99 Sale 12,900 $14.8438
11/11/99 sale 126,600 $14.352
Total Common Stock beneficially owned as of the date of this Amendment No. 2
to Schedule 13D: 77,068
TPT
- ---
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
11/11/99 Sale 2,800 $14.8438
11/11/99 sale 30,700 $14.352
Total Common Stock beneficially owned as of the date of this Amendment No. 2 to
Schedule 13D: 74,124
Upper Mill
- ----------
Date Transaction # Shares $/Share
- ---- ----------- -------- -------
11/11/99 Sale 2,700 $14.8438
11/11/99 sale 30,100 $14.352
Total Common Stock beneficially owned as of the date of this Amendment No. 2 to
Schedule 13D: 104,408
Page 15
