-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EodFxTrUuLIdKbSUyax/ixrh1XH86u6UD6t8rn1UUonUEWFnEJuZm8nViAuVmjiR fRyCWtG+bKxXsUvIsOEL9g== 0001145839-02-000026.txt : 20020531 0001145839-02-000026.hdr.sgml : 20020531 20020531154303 ACCESSION NUMBER: 0001145839-02-000026 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020531 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DELTA PARTNERS LLC CENTRAL INDEX KEY: 0001145839 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER, SUITE 1600 CITY: BOSTON STATE: MA ZIP: 02111 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRIPATH TECHNOLOGY INC CENTRAL INDEX KEY: 0001045739 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770407364 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-61513 FILM NUMBER: 02667882 BUSINESS ADDRESS: STREET 1: 2041 MISSION COLLEGE BLVD CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 408-567-3000 MAIL ADDRESS: STREET 1: 2041 MISSION COLLEGE BLVD CITY: SANTA CLARA STATE: CA ZIP: 95054 SC 13G 1 trph13g.txt ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Amendment No.) Tripath Technology, Inc. - -------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK, par value $0.001 per share - -------------------------------------------------------------------------------- (Title of class of securities) 89672P104 - -------------------------------------------------------------------------------- (CUSIP number) May 31, 2002 - -------------------------------------------------------------------------------- (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) (Continued on the following pages) - -------------------------------- (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 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). ================================================================================ - ------------------------------ SCHEDULE 13G ------------------------------ CUSIP No. 89672P104 Page 2 of 13 Pages - ------------------------------ ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Prism Partners, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 1,236,000 common stock OWNED BY EACH -------------------------------------------------------- REPORTING 6 SHARED VOTING POWER PERSON WITH None -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,236,000 common stock -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,236,000 common stock - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.0% common stock - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ SCHEDULE 13G ------------------------------ CUSIP No. 89672P104 Page 3 of 13 Pages - ------------------------------ ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Delta Advisors LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH -------------------------------------------------------- REPORTING 6 SHARED VOTING POWER PERSON WITH 1,236,000 common stock -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER None -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,236,000 common stock - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,236,000 common stock - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.0% common stock ** - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * CO ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ SCHEDULE 13G ------------------------------ CUSIP No. 89672P104 Page 4 of 13 Pages - ------------------------------ ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Delta Partners LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH -------------------------------------------------------- REPORTING 6 SHARED VOTING POWER PERSON WITH 2,799,960 common stock -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER None -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,799,960 common stock - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,799,960 common stock - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.7% common stock ** - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * CO,IA ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ SCHEDULE 13G ------------------------------ CUSIP No. 89672P104 Page 5 of 13 Pages - ------------------------------ ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Prism Offshore Fund Limited - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH -------------------------------------------------------- REPORTING 6 SHARED VOTING POWER PERSON WITH 1,563,960 common stock -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER None -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,563,960 common stock - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,563,960 common stock - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.7% common stock ** - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * CO ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ SCHEDULE 13G ------------------------------ CUSIP No. 89672P104 Page 6 of 13 Pages - ------------------------------ ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Charles Jobson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH -------------------------------------------------------- REPORTING 6 SHARED VOTING POWER PERSON WITH 2,799,960 common stock -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER None -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,799,960 common stock - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,799,960 common stock - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.7% common stock ** - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ SCHEDULE 13G ------------------------------ CUSIP No. 89672P104 Page 7 of 13 Pages - ------------------------------ ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Christopher Argyrople - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY None OWNED BY EACH -------------------------------------------------------- REPORTING 6 SHARED VOTING POWER PERSON WITH 2,799,960 common stock -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER None -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,799,960 common stock - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,799,960 common stock - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.7% common stock ** - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! STATEMENT ON SCHEDULE 13G ITEM 1(a). NAME OF ISSUER: Tripath Technology, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2041 Mission College Blvd Santa Clara, CA 95054 ITEM 2(a). NAMES OF PERSON FILING: Prism Partners, L.P., a Delaware Limited Partnership Delta Advisors LLC, a Delaware Limited Liability Company Delta Partners LLC, a Delaware Limited Liability Company Prism Offshore Fund Ltd., a Cayman Islands Corporation (Mutual Fund) Charles Jobson, United States Citizen Christopher Argyrople, United States Citizen ITEM 2(b). BUSINESS MAILING ADDRESS FOR EACH PERSON FILING: Each of the reporting persons & entities has a business address of: One Financial Center, Suite 1600 Boston, MA 02111 ITEM 2(c). CITIZENSHIP: Shown in item 2(a) above ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.001 per share ITEM 2(E). CUSIP NUMBER: 89672P104 ITEM3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: Not Applicable If this statement is filed pursuant to Rule 240,13d-1(c), check this box [x]. Page 8 of 13 ITEM 4. OWNERSHIP: PRISM PARTNERS LP (a) Amount Beneficially Owned: 1,236,000 common stock ------------------------------------------- (b) Percent of Class: 3.0% common stock ** ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,236,000 common stock ----------------------- (ii) shared power to vote or to direct the vote: None --------------------- (iii)sole power to dispose or to direct the disposition of: 1,236,000 common stock ------------ (iv) shared power to dispose or to direct the disposition of: None --------- DELTA ADVISORS LLC (a) Amount Beneficially Owned: 1,236,000 common stock ------------------------------------------- (b) Percent of Class: 3.0% common stock ** ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: None ----------------------- (ii) shared power to vote or to direct the vote:1,236,000 common stock --------------------- (iii)sole power to dispose or to direct the disposition of: None ----------- (iv) shared power to dispose or to direct the disposition of: 1,236,000 common stock ---------------------- DELTA PARTNERS LLC (a) Amount Beneficially Owned: 2,799,960 common stock ------------------------------------------- (b) Percent of Class: 6.7% common stock ** ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: None ----------------------- (ii) shared power to vote or to direct the vote:2,799,960 common stock --------------------- (iii)sole power to dispose or to direct the disposition of: None ------------ (iv) shared power to dispose or to direct the disposition of:2,799,960 common stock --------- Page 9 of 13 PRISM OFFSHORE FUND LTD. (a) Amount Beneficially Owned: 1,563,960 common stock ------------------------------------------- (b) Percent of Class: 3.7% common stock ** ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: None ----------------------- (ii) shared power to vote or to direct the vote:1,563,960 common stock --------------------- (iii)sole power to dispose or to direct the disposition of: None ------------ (iv) shared power to dispose or to direct the disposition of:1,563,960 common stock --------- CHARLES JOBSON * (a) Amount Beneficially Owned: 2,799,960 common stock ------------------------------------------- (b) Percent of Class: 6.7% common stock ** ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: ----------------------- (ii) shared power to vote or to direct the vote:2,799,960 common stock --------------------- (iii)sole power to dispose or to direct the disposition of: None ------------ (iv) shared power to dispose or to direct the disposition of:2,799,960 common stock --------- CHRISTOPHER ARGYROPLE * (a) Amount Beneficially Owned: 2,799,960 common stock ------------------------------------------- (b) Percent of Class: 6.7% common stock ** ---------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: None ----------------------- (ii) shared power to vote or to direct the vote:2,799,960 common stock --------------------- (iii)sole power to dispose or to direct the disposition of: None ------------ (iv) shared power to dispose or to direct the disposition of:2,799,960 common stock --------- * Shares reported for Charles Jobson & Christopher Argyrople include shares beneficially owned by Prism Partners L.P. and Prism Offshore Fund Limited. ** Ownership was calculated based on the total outstanding shares reported in the Company's Form 10Q, dated March 31, 2002, plus the total number of shares derived from the hypothetical exercise of common warrants. Item 5. Ownership of Five Percent or Less of a Class: Not Applicable Page 10 of 13 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: Not Applicable 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. Page 11 of 13 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. Dated: May 31, 2002 PRISM PARTNERS, L.P. By: DELTA ADVISORS LLC its general partner By: DELTA PARTNERS LLC its general partner /s/ Chris Argyrople --------------------------------- Chris Argyrople, Managing Member DELTA ADVISORS LLC By: DELTA PARTNERS LLC, its general partner By: /s/ Chris Argyrople --------------------------------- Chris Argyrople, Managing Member DELTA PARTNERS LLC By: /s/ Chris Argyrople --------------------------------- Chris Argyrople, Managing Member PRISM OFFSHORE FUND LTD. By: DELTA PARTNERS LLC its investment manager /s/ Chris Argyrople --------------------------------- Chris Argyrople, Managing Member CHARLES JOBSON By: Charles Jobson --------------------------------- CHRISTOPHER ARGYROPLE By: Christopher Argyrople --------------------------------- Page 12 of 13 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock of Tripath Technology, Inc. and further agree that this agreement be included as an exhibit to such filing. Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts. In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 31st day of May, 2002. PRISM PARTNERS, L.P. By: DELTA ADVISORS LLC its general partner By: DELTA PARTNERS LLC its general partner /s/ Chris Argyrople --------------------------------- Chris Argyrople, Managing Member DELTA ADVISORS LLC By: DELTA PARTNERS LLC, its general partner By: /s/ Chris Argyrople --------------------------------- Chris Argyrople, Managing Member DELTA PARTNERS LLC By: /s/ Chris Argyrople --------------------------------- Chris Argyrople, Managing Member PRISM OFFSHORE FUND LTD. By: DELTA PARTNERS LLC its investment manager /s/ Chris Argyrople --------------------------------- Chris Argyrople, Managing Member CHARLES JOBSON By: Charles Jobson --------------------------------- CHRISTOPHER ARGYROPLE By: Christopher Argyrople --------------------------------- Page 13 of 13 -----END PRIVACY-ENHANCED MESSAGE-----