SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
TTR TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, par value $0.001 per share
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(Title of Class of Securities)
87305 U102
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(CUSIP Number)
February 24, 2000
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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 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>
CUSIP No. 87305U102 SCHEDULE 13G Page 2 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Dimensional Partners, L.P.
I.R.S. #13-5514352
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
None
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 320,000
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
320,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
320,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.18% but 10.92% if considered together with Dimensional Partners, Ltd.
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 87305U102 SCHEDULE 13G Page 3 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
JDS Asset Management, LLC
I.R.S. #13-4053441
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
None
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 320,000
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
320,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
320,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.18% but 10.92% if considered together with Dimensional Partners, Ltd.
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 87305U102 SCHEDULE 13G Page 4 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Dimensional Partners, Ltd
- --------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5 SOLE VOTING POWER
None
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,280,000
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,280,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.74% but 10.92% if considered together with Dimensional Partners, L.P.
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 87305U102 SCHEDULE 13G Page 5 of 16 Pages
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1. NAMES OF REPORTING PERSONS.
S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
JDS Capital Management, Inc.
I.R.S #13-3918633
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
None
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,280,000
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,280,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.74% but 10.92% if considered together with Dimensional Partners, L.P.
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 87305U102 SCHEDULE 13G Page 6 of 16 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph D. Samberg
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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
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
None
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,600,000
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,600,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,600,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.92%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
INTRODUCTORY NOTE: This Statement on Schedule 13G is the initial filing on
Schedule 13G by the Reporting Persons (as defined below) pursuant to Rule 13d-
1(c) (the "Schedule 13G"). The Schedule 13G is filed by (i) Dimensional
Partners, L.P., a Delaware limited partnership ("Dimensional I"), (ii) the
general partner of Dimensional I, JDS Asset Management, LLC, a Delaware limited
liability company ("JDSAM"), (iii) Dimensional Partners, Ltd., a Cayman Islands
company ("Dimensional II"), (iv) the investment manager and subadvisor of
Dimensional II, JDS Capital Management, Inc., a Delaware corporation ("JDSCM"),
and (v) Joseph D. Samberg, the Managing Member of JDSAM and the President of
JDSCM ("Samberg") (collectively, the "Reporting Persons").
Item 1(a) Name of Issuer
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TTR Technologies, Inc.
Item 1(b) Address of Issuer's Principal Executive Office
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67 Wall Street, Suite 2401, New York, N.Y. 10005
Item 2(a) Name of Person Filing
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Dimensional Partners, L.P.
JDS Asset Management, LLC
Dimensional Partners, Ltd.
JDS Capital Management, Inc.
Joseph D. Samberg
Item 2(b) Address of Principal Business Office
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Address of principal business office of each of Dimensional I,
JDSAM, JDSCM and Samberg is: 780 Third Avenue, 45th Floor,
New York, NY 10017.
Address of principal business office of Dimensional II is:
Corporate Center, West Bay Road, P.O. Box 31106 SMB,
Grand Cayman, Cayman Islands.
Item 2(c) Citizenship
- -------------------------------
Dimensional I is a Delaware limited partnership; JDSAM is a
Delaware limited liability company, Dimensional II is a Cayman
Islands company, JDSCM is a Delaware corporation, and Samberg
is a citizen of the United States.
Item 2(d) Title of Class of Securities
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Common Stock, par value $0.001 per share
Page 7 of 16
<PAGE>
Item 2(e) CUSIP Number
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87305U102
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or
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13-2(b) or (c), check whether the person filing is a:
----------------------------------------------------
(a) |_| Broker of Dealer registered under Section 15 of the
Act
(b) |_| Bank as defined in Section 3(a)(6) of the Act
(c) |_| Insurance company as defined in Section 3(a)(19) of
the Act
(d) |_| Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) |_| An Investment Adviser in accordance with
13-1(b)(1)(ii)(E)
(f) |_| An Employee Benefit Plan or Endowment Fund in
accordance with 13d-1(b)(1)(ii)(F)
(g) |_| A Parent Holding Company or Control Person in
accordance with 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 of 1940
(j) |_| Group, in accordance with 13d-1(b)(1)(ii)(J)
Item 4 Ownership
- -----------------------------
As of February 24, 2000, Dimensional II beneficially owns
920,000 shares of Common Stock and warrants exercisable at any
time at the option of Dimensional II for 360,000 shares of
Common Stock of the Issuer, representing, in aggregate, 8.74%
of the total outstanding shares of Common Stock, and
Dimensional I beneficially owns 230,000 shares of Common Stock
and warrants exercisable at any time at the option of
Dimensional I for 90,000 shares of Common Stock of the Issuer,
representing, in aggregate, 2.18% of the total outstanding
shares of Common Stock. In aggregate, Dimensional I and
Dimensional II beneficially own 1,150,000 shares of Common
Stock and warrants
Page 8 of 16
<PAGE>
exercisable for 450,000 shares of Common Stock of the Issuer,
such shares and warrants representing 10.92% of the total
outstanding shares of Common Stock. JDSAM, as the general
partner of Dimensional I, and Samberg, as the Managing Member
of JDSAM, have shared voting power and dispositive
power over the shares and warrants held by Dimensional I and
may be deemed to be the beneficial owners of these shares and
warrants. JDSCM, as the investment manager and subadvisor of
Dimensional II, and Samberg, as the President of JDSCM,
have shared voting and dispositive power over the shares and
warrants held by Dimensional II and may be deemed to be the
beneficial owners of these shares and warrants.
Item 5 Ownership of Five Percent or Less of a Class
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Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
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Person
------
Not applicable
Item 7 Identification and Classification of the Subsidiary Which
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Acquired the Security Being Reported on by the Parent Holding
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Not applicable
Item 8 Identification and Classification of Members of the Group
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Not applicable
Item 9 Notice of Dissolution of Group
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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.
Page 9 of 16
<PAGE>
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: March 2, 2000
DIMENSIONAL PARTNERS, LTD.
By: JDS Capital Management, Inc.,
its investment manager and subadvisor
By: /s/ Joseph D. Samberg
-----------------------------
Name: Joseph D. Samberg
Title: President
Page 10 of 16
<PAGE>
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: March 2, 2000
DIMENSIONAL PARTNERS, L.P.
By: JDS Asset Management, LLC,
its general partner
By: /s/ Joseph D. Samberg
------------------------------
Name: Joseph D. Samberg
Title: Managing Member
Page 11 of 16
<PAGE>
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: March 2, 2000
JDS ASSET MANAGEMENT, LLC
By: /s/ Joseph D. Samberg
---------------------------------
Name: Joseph D. Samberg
Title: Managing Member
Page 12 of 16
<PAGE>
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: March 2, 2000
JDS CAPITAL MANAGEMENT, INC.
By: /s/ Joseph D. Samberg
-------------------------------
Name: Joseph D. Samberg
Title: President
Page 13 of 16
<PAGE>
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: March 2, 2000
/s/ Joseph D. Samberg
-------------------------------
Joseph D. Samberg
Page 14 of 16
<PAGE>
JOINT FILING AGREEMENT
The undersigned parties hereby agree that the Schedule 13G filed
herewith relating to the Common Stock of TTR Technologies, Inc. is being filed
jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(f) on
behalf of each such person.
Date: March 2, 2000
