-----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, P/EL4lxpdmEqQYsRwcvrycJTQVHd4ast1Yc7l3DgV1kn0eFN3plJ4StF5LtTj0Rf fwkC1seOIDzPA4zswrfZug== 0000922423-05-000206.txt : 20050210 0000922423-05-000206.hdr.sgml : 20050210 20050210171905 ACCESSION NUMBER: 0000922423-05-000206 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050210 DATE AS OF CHANGE: 20050210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TAG IT PACIFIC INC CENTRAL INDEX KEY: 0001047881 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-APPAREL, PIECE GOODS & NOTIONS [5130] IRS NUMBER: 954654481 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-54661 FILM NUMBER: 05594105 BUSINESS ADDRESS: STREET 1: 21900 BURBANK BLVD. STREET 2: SUITE 270 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8184444100 MAIL ADDRESS: STREET 1: 21900 BURBANK BLVD. STREET 2: SUITE 270 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST NEW YORK SECURITIES LLC /NY CENTRAL INDEX KEY: 0001111629 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 850 THIRD AVENUE 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 MAIL ADDRESS: STREET 1: 850 THIRD AVENUE 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 kl00245_sc13g.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------- Under the Securities Exchange Act of 1934 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Tag-It Pacific, Inc. -------------------- (Name of Issuer) Common Stock, par value $0.001 ------------------------------ (Title of Class of Securities) 873774103 --------- (CUSIP Number) January 31, 2005 ---------------- (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) -------------- SCHEDULE 13G CUSIP No. 873774103 - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON First New York Securities L.L.C. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER NUMBER 325,300 OF -------------------------------------------------- SHARES 6) SHARED VOTING POWER BENEFICIALLY OWNED BY None EACH -------------------------------------------------- REPORTING 7) SOLE DISPOSITIVE POWER PERSON WITH 325,300 -------------------------------------------------- 8) SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 325,300 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.8% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON BD - -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP No. 873774103 - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Judy Finger - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER NUMBER 38,600 OF ------------------------------------------------ SHARES 6) SHARED VOTING POWER BENEFICIALLY OWNED BY 599,300 EACH ------------------------------------------------ REPORTING 7) SOLE DISPOSITIVE POWER PERSON WITH 38,600 ------------------------------------------------ 8) SHARED DISPOSITIVE POWER 730,050 - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 768,650 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.2% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP No. 873774103 - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Douglas Topkis - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER NUMBER 50,000 OF --------------------------------------------- SHARES 6) SHARED VOTING POWER BENEFICIALLY OWNED BY 599,300 EACH --------------------------------------------- REPORTING 7) SOLE DISPOSITIVE POWER PERSON WITH 50,000 --------------------------------------------- 8) SHARED DISPOSITIVE POWER 730,050 - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 780,050 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.3% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP No. 873774103 - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Haystack Capital 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 Delaware - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER NUMBER 419,300 OF ---------------------------------------------- SHARES 6) SHARED VOTING POWER BENEFICIALLY OWNED BY None EACH ---------------------------------------------- REPORTING 7) SOLE DISPOSITIVE POWER PERSON WITH 419,300 ---------------------------------------------- 8) SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 419,300 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.3% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Schedule 13G Item 1(a). Name of Issuer: Tag-It Pacific, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 21900 Burbank Boulevard, Suite 270 Woodland Hills, California 91367 Item 2(a). Name of Person Filing: (1) First New York Securities L.L.C. ("FNYS") (2) Judy Finger. Ms. Finger is employed by and trades securities of the issuer for the proprietary account of FNYS. Ms. Finger and Mr. Topkis are the managing members of Haystack Capital L.L.C., which is the general partner of Haystack Capital L.P., a hedge fund. (3) Douglas Topkis. Mr. Topkis is employed by and trades securities of the issuer for the proprietary account of FNYS. Ms. Finger and Mr. Topkis are the managing members of Haystack Capital L.L.C., which is the general partner of Haystack Capital L.P., a hedge fund. (4) Haystack Capital L.P. Haystack Capital L.P. is a hedge fund of which Haystack Capital L.L.C. is the sole general partner. Ms. Finger and Mr. Topkis are the managing members of Haystack Capital L.L.C. Item 2(b). Address of Principal Business Office or, if None, Residence: (1) First New York Securities L.L.C.: 850 Third Avenue, 17th Floor New York, NY 10022 (2) Judy Finger: c/o First New York Securities L.L.C. 850 Third Avenue, 8th Floor New York, NY 10022 (3) Douglas Topkis: c/o First New York Securities L.L.C. 850 Third Avenue, 8th Floor New York, NY 10022 (4) Haystack Capital L.P. c/o First New York Securities L.L.C. 850 Third Avenue, 17th Floor New York, NY 10022 Item 2(c). Citizenship: (1) First New York Securities L.L.C.: New York (2) Judy Finger: United States (3) Douglas Topkis: United States (4) Haystack Capital L.P. Delaware Item 2(d). Title of Class of Securities: Common Stock, par value $0.001 Item 2(e). CUSIP Number: 873774103 Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) |_| Broker or Dealer Registered Under Section 15 of the Act (15 U.S.C. 78o) (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c) (c) |_| Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c) (d) |_| Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) (e) |_| Investment Adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E) (f) |_| Employee benefit plan or endowment fund in accordance with ss. 240.13d-1(b)(1)(ii)(F) (g) |_| Parent Holding Company or control person in accordance with ss.240.13d-1(b)(ii)(G) (h) |_| Savings Association as defined in ss.3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) (i) |_| Church plan that is excluded from the definition of an investment company under ss.3(c)(15) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) (j) |_| Group, in accordance with ss.240.13d-1(b)(ii)(J) Item 4. Ownership. (a) Amount beneficially owned:(1) (1) First New York Securities L.L.C.: 325,300 (2) Judy Finger: 768,650 (3) Douglas Topkis: 780,050 (4) Haystack Capital L.P.: 419,300 - ------------------------ (1) Percentages based on 18,144,351 shares of Common Stock outstanding as reported in the Issuer's Form 10-Q for the quarter ended September 30, 2004. (b) Percent of class: (1) First New York Securities L.L.C.: 1.8% (2) Judy Finger: 4.2% (3) Douglas Topkis: 4.3% (4) Haystack Capital L.P.: 2.3% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: (1) First New York Securities L.L.C.: 325,300 (2) Judy Finger: 38,600 (3) Douglas Topkis: 50,000 (4) Haystack Capital L.P.: 419,300 (ii) Shared power to vote or to direct the vote: (1) First New York Securities L.L.C.: 0 (2) Judy Finger: 599,300 (2) (3) Douglas Topkis: 599,300 (2) (4) Haystack Capital L.P.: 0 (iii) Sole power to dispose or to direct the disposition of: (1) First New York Securities L.L.C.: 325,300 (2) Judy Finger: 38,600 (3) Douglas Topkis: 50,000 (4) Haystack Capital L.P.: 419,300 (iv) Shared power to dispose or to direct the disposition of: (1) First New York Securities L.L.C.: 0 (2) Judy Finger: 730,050 (2)(3) (3) Douglas Topkis: 730,050 (2)(3) (4) Haystack Capital L.P.: 0 - --------------------- (2) Includes shares that are held in a managed account over which Ms. Finger and Mr. Topkis have discretionary investment authority. (3) Includes shares owned by First New York Securities L.L.C. as to which the reporting person may be deemed to share dispositive power. Item 5. Ownership of Five Percent or Less of a Class. Not Applicable. 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) above. 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. SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Date: February 10, 2005 FIRST NEW YORK SECURITIES L.L.C. BY: /s/ Mario Maugeri ------------------------------------ Name: Mario Maugeri Title: Director of Operations /s/ Judy Finger --------------------------------------- Judy Finger /s/ Douglas Topkis --------------------------------------- Douglas Topkis HAYSTACK CAPITAL L.P. BY: Haystack Capital L.L.C., its General Partner BY: /s/ Judy Finger ------------------------------------ Name: Judy Finger Title: Managing Member Exhibit 1 AGREEMENT OF JOINT FILING Pursuant to rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission the Statement on Schedule 13G (the "Statement") to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed is on the behalf of each of them. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 10, 2005. FIRST NEW YORK SECURITIES L.L.C. BY: /s/ Mario Maugeri ------------------------------------- Name: Mario Maugeri Title: Director of Operations /s/ Judy Finger --------------------------------------- Judy Finger /s/ Douglas Topkis --------------------------------------- Douglas Topkis HAYSTACK CAPITAL L.P. BY: Haystack Capital L.L.C., its General Partner BY: /s/ Judy Finger ------------------------------------ Name: Judy Finger Title: Managing Member -----END PRIVACY-ENHANCED MESSAGE-----