0001103285-12-000005.txt : 20120905 0001103285-12-000005.hdr.sgml : 20120905 20120904192400 ACCESSION NUMBER: 0001103285-12-000005 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120905 DATE AS OF CHANGE: 20120904 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NETWORK EQUIPMENT TECHNOLOGIES INC CENTRAL INDEX KEY: 0000752431 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942904044 STATE OF INCORPORATION: DE FISCAL YEAR END: 0330 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-39132 FILM NUMBER: 121072039 BUSINESS ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555-3660 BUSINESS PHONE: 5107137300 MAIL ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555-3660 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STAFFORD CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001103285 IRS NUMBER: 943338814 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 275 BATTERY STREET STREET 2: STE 1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4153626120 MAIL ADDRESS: STREET 1: 275 BATTERY STREET STREET 2: STE 1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G 1 NWK13G08312012I.txt NWK 13G STAFFORD CAPITAL MGMT CUSIP No. 641208103 SC 13/G ________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE SC 13G Under the Securities Exchange Act of 1934 NETWORK EQUIPMENT TECHNOLOGIES Common Stock, Par Value $0.01 per Share Cusip 641208103 STAFFORD CAPITAL MANAGEMENT LLC ROBERT M. STAFFORD 275 BATTERY STREET, SUITE 1600 SAN FRANCISCO, CA. 94111 415-362-6120 August 31, 2012 Rule pursuant to which this Schedule is filed: [ X ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. 641208103 SC 13G Page 2 of 9 ________________________________________________________________ 1. NAME OF REPORTING PERSON STAFFORD CAPITAL MANAGEMENT LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 94-3338814 ____________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] Reporting Person is affiliated with other persons. ____________________________________________________________________ 3. SEC USE ONLY ____________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA ____________________________________________________________________ Number of 5. SOLE VOTING POWER Shares 0 Beneficially ------------------------------------------------- Owned by Each 6. SHARED VOTING POWER Reporting 0 Person With ------------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 ------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 ___________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 ___________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES. [ ] ___________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) n/a ___________________________________________________________________ 12. TYPE OF REPORTING PERSON IA ___________________________________________________________________ CUSIP No. 641208103 SC 13G Page 3 of 9 ___________________________________________________________________ 1. NAME OF REPORTING PERSON CRAIG A. STEPHENS XXX-XX-XXXX ___________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP a. [ ] b. [X] Reporting Person is affiliated with other persons. ___________________________________________________________________ 3. SEC USE ONLY ___________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES ___________________________________________________________________ 5. SOLE VOTING POWER 0 ___________________________________________________________________ Number of 5. SOLE VOTING POWER Shares 0 Beneficially ------------------------------------------------- Owned by Each 6. SHARED VOTING POWER Reporting 0 Person With ------------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 ------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 ___________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 ___________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] ____________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) n/a ____________________________________________________________________ 12. TYPE OF REPORTING PERSON IN CUSIP No. 641208103 SC 13G Page 4 of 9 ___________________________________________________________________ 1. NAME OF REPORTING PERSON PACIFIC MANAGEMENT, LTD I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 94-3024744 ___________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP a. [ ] b. [X] Reporting Person is affiliated with other persons. ___________________________________________________________________ 3. SEC USE ONLY ___________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA ___________________________________________________________________ Number of 5. SOLE VOTING POWER Shares 0 Beneficially ------------------------------------------------ Owned by Each 6. SHARED VOTING POWER Reporting 0 Person With ------------------------------------------------ 7. SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 8. SHARED DISPOSITIVE POWER 0 _________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 _________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES. [ ] __________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) n/a __________________________________________________________________ 12. TYPE OF REPORTING PERSON IA, PN __________________________________________________________________ CUSIP No. 641208103 SC 13G Page 5 of 9 __________________________________________________________________ 1. NAME OF REPORTING PERSON ROBERT M. STAFFORD xxx-xx-xxxx __________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP a. [ ] b. [X] Reporting Person is affiliated with other persons. __________________________________________________________________ 3. SEC USE ONLY __________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States __________________________________________________________________ Number of 5. SOLE VOTING POWER Shares 0 Beneficially ------------------------------------------------- Owned by Each 6. SHARED VOTING POWER Reporting 0 Person With ------------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 ------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 ____________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 ____________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] __________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) n/a ____________________________________________________________________ 12. TYPE OF REPORTING PERSON IN ____________________________________________________________________ CUSIP No. 641208103 SC 13G Page 6 of 9 ITEM 1 (a) Name of Issuer: NETWORK EQUIPMENT TECHNOLOGIES ITEM 1 (b) Address of Issuers Principal Executive Offices: 6900 Paseo Padre Parkway Fremont, CA. 94555 ITEM 2 (a) Name of Person Filing: Stafford Capital Management, LLC Registered Investment Advisor acting under the Advisors Act of 1940 Robert M. Stafford, CEO, Chairman ITEM 2 (b) Address of Principal Business Office: 275 Battery Street, Suite 1600 San Francisco, CA. 94111 ITEM 2 (c) Citizenship: Stafford Capital Management, LLC California Pacific Management, Ltd California Robert M. Stafford United States Citizen Craig A. Stephens United States Citizen ITEM 2 (d) Title of Class of Securities: Common Stock, Par Value .01c/Share ITEM 2 (e) Cusip Number 641208103 CUSIP No. 641208103 SC 13G Page 7 of 9 ITEM 3 If this statement is filed pursuant to Rule 13-d-1(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) [ ] A bank as defined in section 3(a)(6) of the Act (15 U.S.C.78c). (c) [ ] An insurance company as defined in section 3(a)(19) of the Act(15 U.S.C.78c). (d) [ ] An investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C.80a-8). (e) [ X ] An investment adviser in accordance with Rule 13-d- 1(b)(1)(ii)(E)* (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (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 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box [ ] CUSIP No. 641208103 SC 13G Page 8 of 9 ITEM 4 Ownership. (a) Amount Beneficially Owned: 0 Shares (b) Percent of Class n/a (c) Number of Shares as to which the person has: (i) Sole Power to vote or to direct the vote: 0 (ii) Shared Power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the 0 (iv) Shared power to dispose or to direct the 0 disposition of: ITEM 5 Ownership of Five Percent of Less of Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ITEM 6 Ownership of More Than Five Percent on Behalf of Another Person. Not Applicable. ITEM 7 Identification and Classification of the Subsidiary 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. CUSIP No. 641208103 SC 13G Page 9 of 9 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 of any transaction having that purpose or effect. _______________________________________________ Date: August 31, 2012 SIGNATURE By: Robert M. Stafford ----------------------- Chairman, CEO Stafford Capital Management By: Craig A. Stephens ------------------------ President Stafford Capital Management By: Robert M. Stafford ------------------------ General Partner Pacific Management, Ltd.