SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Thrustmaster, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
88602710
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(CUSIP Number)
Arthur O. Poltrack, c/o Simms Capital Management, Inc.,
55 Railroad Avenue, Plaza Suite, Greenwich, Connecticut 06930, (203) 861-8528
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 3, 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: |_|
Check the following box if a fee is being paid with the statement |_|. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or loss of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
* 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).
Page 1 of 6 Pages
<PAGE>
SCHEDULE 13D
CUSIP No. 886027101 Page 2 of 6 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert A. Simms, Sr.
###-##-####
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3) SEC USE ONLY
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4) SOURCE OF FUNDS*
WC
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 205,900
SHARES -------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 36,950
EACH -------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 205,900
WITH -------------------------------------------------------
10) SHARED DISPOSITIVE POWER
36,950
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
242,850
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.99%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT:
Page 2 of 6 Pages
<PAGE>
SCHEDULE 13D
CUSIP No. 886027101 Page 3 of 6 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Simms Capital Management, Inc.
13-3582869
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 36,950
EACH -------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------------
10) SHARED DISPOSITIVE POWER
36,950
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,950
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*|_|
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.76%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT:
Page 3 of 6 Pages
<PAGE>
Thrustmaster, Inc. Page 4 of 6 Pages
SCHEDULE 13D May 17, 1999
Item 1. Security and Issuer.
- ------- --------------------
This Amendment No. 4 ("Amendment") amends the Statement on Schedule 13D
and Amendments No. 1, 2, and 3 to Schedule 13D (collectively, the "Statement")
filed by Mr. Robert A. Simms, Sr. and Simms Capital Management, Inc. ("Simms
Capital" and, together with Mr. Simms, the "Reporting Persons") with the
Commission on September 13, 1996, July 14, 1997, and December 22, 1997, and
April 3,1999 respectively, with respect to shares of Common Stock, no par value
("Shares"), of Thrustmaster, Inc. This Amendment supplements and amends, to the
extent set forth below, the information set forth in the Statement.
Item 3. Source and Amount of Funds or Other Consideration.
- ------- --------------------------------------------------
As of the date hereof, Mr. Simms is deemed to be the beneficial owner of
242,850 Shares and Simms Capital is deemed to be the beneficial owner of 36,950
Shares. The Shares beneficially owned by Simms Capital are held by certain
managed accounts over which Simms Capital has investment discretion. Mr. Simms
is deemed to be the beneficial owner of such Shares by reason of his position
with Simms Capital. All Shares owned by the Reporting Persons were purchased on
the open market at an aggregate cost of $1,338,798. The funds for the purchase
of the Shares came from each managed account's own funds or, in the case of the
207,900 Shares owned directly by Mr. Simms, from his own funds. No leverage was
used to purchase the Shares.
Item 4. Purpose of Transaction.
- ------- -----------------------
The Shares of which the Reporting Persons are deemed to be the
beneficial owners were acquired for, and are being held for, investment
purposes. The Reporting Persons may acquire additional Shares, dispose of all or
some of their Shares from time to time, in each case in open market
transactions, block sales or purchases or otherwise, or may continue to hold the
Shares.
The Reporting Persons do not have any plan or proposal which relates to,
or would result in, any of the actions enumerated in Item 4 of the instructions
to Schedule 13D. However, the Reporting Persons reserve the right to discuss
company business with management, make proposals to management and/or take other
actions to influence the management of the Company should they deem such actions
appropriate.
Item 5. Interest in Securities of the Issuer.
- ------- -------------------------------------
(a) and (b) Mr. Simms is the direct beneficial owner of 242,850 Shares
(approximately 4.99% of all outstanding Shares), and Simms Capital and Mr. Simms
are deemed to be the indirect beneficial owners of 36,900 Shares (approximately
0.76% of all outstanding Shares) held for certain accounts managed by Simms
Capital. Mr. Simms has sole power to vote, direct the vote, dispose of or direct
the disposition of the 242,850 Shares of which he is the direct beneficial
owner, and Mr. Simms and Simms Capital share the power to vote, direct the vote,
dispose of or direct the disposition of the 36,950 Shares of which they are
deemed to be the beneficial owners.
The Reporting Persons own in the aggregate 242,850 Shares (approximately
4.99% of the outstanding Shares).
The Reporting Persons hereby disclaim that they have any beneficial
interest in the securities owned, directly or indirectly, by any other entity.
(c) Set forth below is a list of all transactions involving Shares
during the past 60 days by any of the Reporting Persons named in Item 2 of this
Schedule 13D. All of these transactions were executed in the open market.
Page 4 of 6 Pages
<PAGE>
Thrustmaster, Inc. Page 5 of 6 Pages
SCHEDULE 13D May 17, 1999
<TABLE>
<CAPTION>
Date No. of Shares Sold Price/Share Date No. of Shares Sold Price/Share
- ---- ------------------ ----------- ---- ------------------ -----------
<S> <C> <C> <C> <C> <C>
4/19/99 1,500 18.9375 5/12/99 2,000 22.25
4/8/99 5,000 20.125 5/11/99 2,000 22.00
4/7/99 5,000 17.875 5/6/99 2,500 21.875
4/6/99 5,000 17.875 5/5/99 3,000 21.500
4/5/99 5,000 17.00 4/22/99 4,000 22.00
3/31/99 2,500 15.0625 4/21/99 2,000 21.095
3/30/99 5,000 11.25 5/3/99 33,000 20.1818
3/25/99 3,000 13.00 4/30/99 18,500 20.8699
3/24/99 5,000 11.25 4/29/99 1,500 19.875
3/10/99 6,200 11.5 4/28/99 1,500 21.0417
2/10/99 15,000 10.3417 4/27/99 5,000 20.2875
2/5/99 10,000 10.625 4/26/99 2,000 20.625
------
77,000
======
</TABLE>
Date No. of Shares Purchased Price/Share
- ---- ----------------------- -----------
4/19/99 1,000 22.535
4/1/99 4,000 15.1563
5/31/99 2,500 15.0625
3/19/99 2,000 10.9375
3/18/99 500 10.625
3/17/99 500 11.00
3/12/99 1,500 11.875
2/19/99 2,500 11.95
2/2/99 7,200 11.67
Page 5 of 6 Pages
<PAGE>
Thrustmaster, Inc. Page 6 of 6 Pages
SCHEDULE 13D May 17, 1999
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of each
person or entity set forth below, each such person or entity certifies that the
information set forth in this statement is true, complete and correct and agrees
that this statement is filed on behalf of each of them.
Dated: May 17, 1999
/s/ Robert A. Simms
----------------------------------
Robert A. Simms, Sr.
Simms Capital Management, Inc.
By: /s/ Robert A. Simms
----------------------------------
Robert A. Simms, Sr., President
Page 6 of 6 Pages
