-----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, R4Gr8hUfck7/bj/RZw3siZJ9bAUwFsFlFSSd7bLDqb1wTKTyq8Wd1lTxPxSHaHjM oT30zXz3tFSiXvtcfdq5yg== 0000905718-04-000366.txt : 20041230 0000905718-04-000366.hdr.sgml : 20041230 20041230164543 ACCESSION NUMBER: 0000905718-04-000366 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041230 DATE AS OF CHANGE: 20041230 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALPENA BANCSHARES INC CENTRAL INDEX KEY: 0001128227 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 383567362 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-62467 FILM NUMBER: 041234513 BUSINESS ADDRESS: STREET 1: 100 SOUTH SECOND AVENUE CITY: ALPNEA STATE: MI ZIP: 49707 BUSINESS PHONE: 5173569041 MAIL ADDRESS: STREET 1: 100 SOUTH SECOND AVENUE CITY: ALPENA STATE: MI ZIP: 49707 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TYNDALL CAPITAL PARTNERS L P CENTRAL INDEX KEY: 0001219314 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 153 EAST 53RD STREET 55TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124462460 MAIL ADDRESS: STREET 1: 153 EAST 53RD STREET 55TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 alpena13dam1.txt SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE l3D Under the Securities Exchange Act of 1934 (Amendment No. 1)* ALPENA BANCSHARES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 020584108 - -------------------------------------------------------------------------------- (CUSIP Number) Tyndall Capital Partners, L.P. Allen B. Levithan, Esq. 153 East 53rd Street Lowenstein Sandler PC 55th Floor 65 Livingston Avenue New York, New York 10022 Roseland, New Jersey 07068 (212) 446-2460 (973) 597-2500 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) December 21, 2004 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule l3G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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). Cusip No. 020584108 - -------------------------------------------------------------------------------- 1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (entities only): Tyndall Capital Partners, L.P.* - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions): (a) Not (b) Applicable - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions): WC - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): Not Applicable - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 77,208** ----------------------------------- Shares Beneficially 8) Shared Voting Power: 0 ----------------------------------- Owned by Each Reporting 9) Sole Dispositive Power: 77,208** ----------------------------------- Person With: 10) Shared Dispositive Power: 0 ----------------------------------- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 77,208** - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 4.65%** - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): IA - -------------------------------------------------------------------------------- * The original 13D filing amended by this filing was made on January 22, 2002 under the name Jeffrey S. Halis. ** 55,071 shares (3.32%) of Alpena Bancshares, Inc. common stock, par value $1.00 per share (the "Common Stock"), are owned by Tyndall Partners, L.P., a Delaware limited partnership ("Tyndall Partners"). 2,193 shares (0.13%) of the Common Stock are owned by Madison Avenue Partners, L.P., a Delaware limited partnership ("Madison"). 19,944 shares (1.2%) of the Common Stock are owned by Tyndall Institutional Partners, L.P., a Delaware limited partnership ("Tyndall Institutional"). Tyndall Capital Partners, L.P. ("Tyndall Capital") possesses investment control over all securities owned by Tyndall Partners, Tyndall Institutional, and Madison. Tyndall Capital's interest in the Common Stock is limited to the extent of its pecuniary interest, if any, in Tyndall Partners, Tyndall Institutional, and Madison respectively. See Item 5 for further information on the computation of percentages set forth herein. Item 2. Identity and Background. ----------------------- The entity filing this statement is Tyndall Capital Partners, L.P.("Tyndall Capital"), a Delaware limited partnership. Tyndall Capital is the general partner of Tyndall Partners, L.P. ("Tyndall Partners"), Tyndall Institutional Partners, L.P. ("Tyndall Institutional") and Madison Avenue Partners, L.P. ("Madison"), each of which is a Delaware limited partnership. Tyndall Partners, Tyndall Institutional, and Madison invest in personal property of all kinds, including, but not limited to, capital stock, depository receipts, investment companies, mutual funds, subscriptions, warrants, bonds, notes, debentures, options, and other securities of whatever kind and nature. Each of Tyndall Capital, Tyndall Partners, Tyndall Institutional, and Madison has its business and principal executive office located at 153 East 53rd Street, 55th Floor, New York, New York 10022. During the past five years, Tyndall Capital has not been convicted in any criminal proceeding, nor been a party to any civil proceeding commenced before a judicial or administrative body of competent jurisdiction as a result of which either was or is now subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- All funds used to purchase shares of common stock of Alpena Bancshares, Inc. (the "Issuer") on behalf of Tyndall Partners come directly from the net assets of Tyndall Partners. All funds used to purchase shares of common stock of the Issuer on behalf of Tyndall Institutional come directly from the net assets of Tyndall Institutional. All funds used to purchase shares of common stock of the Issuer on behalf of Madison come directly from the net assets of Madison. Item 4. Purpose of Transaction. ---------------------- The acquisition of the shares of common stock referred to in Item 5 was effected for investment purposes on behalf of Tyndall Partners, Tyndall Institutional, and Madison, respectively. Tyndall Capital has no present plans or intentions that relate to or would result in any of the transactions required to be described in Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. ------------------------------------ Based upon the September 30, 2004 Quarterly Report of Alpena Bancshares,Inc., filed on November 12, 2004, there were issued and outstanding 1,659,180 shares of common stock of the Issuer as of October 31, 2004. As of December 21, 2004, Tyndall Partners owned 55,071 shares of the Issuer's common stock, or 3.32% of those outstanding; Tyndall Institutional owned 19,944 shares of the Issuer's common stock, or 1.2% of those outstanding; and Madison owned 2,193 shares of the Issuer's common stock, or .13% of those outstanding. Tyndall Capital possesses sole power to vote and direct the disposition of all shares of common stock owned by each of Tyndall Partners, Tyndall Institutional, and Madison. Tyndall's interest in the common stock of the Issuer held by Tyndall Partners, Tyndall Institutional, and Madison is limited to the extent of its pecuniary interest, if any, in Tyndall Partners, Tyndall Institutional and Madison, respectively. The following table details the transactions by Tyndall Partners, Tyndall Institutional, and Madison in shares of the Issuer's common stock during the sixty days preceding the date of the event that requires the filing of this statement (each of which were effected in ordinary brokers transactions): A. Tyndall Partners, L.P. (Sales) Date Quantity Price Per Share ---- -------- --------------- 11/15/2004 4,000 $25.80 11/15/2004 4,000 $25.80 11/22/2004 3,000 $25.20 11/22/2004 2,000 $25.20 12/03/2004 8,000 $25.95 12/21/2004 500 $26.18 (Purchases) NONE B. Tyndall Institutional Partners, L.P. (Sales) NONE (Purchases) NONE C. Madison Avenue Partners, L.P. (Sales) NONE (Purchases) NONE 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. December 30, 2004 TYNDALL CAPITAL PARTNERS, L.P. By: Jeffrey Management, LLC, General Partner /s/ Jeffrey S.Hallis ------------------------------------ Jeffrey S. Hallis, Sole Member Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----