Telular Corporation
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(Name of Issuer)
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Common Stock, $0.01 par value per share
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(Title of Class of Securities)
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87970T208
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(CUSIP Number)
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May 21, 2013
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(Date of Event which Requires Filing of this Statement)
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CUSIP No. 87970T208
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Page 2 of 10
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1
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NAMES OF REPORTING PERSONS
Cheyne Capital Management (UK) LLP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [X ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
England & Wales
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
903,315
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
903,315
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
903,315
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
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[ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.21%
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12
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TYPE OF REPORTING PERSON
IA
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CUSIP No. 87970T208
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Page 3 of 10
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1
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NAMES OF REPORTING PERSONS
Cheyne General Partner Inc.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [ X ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
881,364
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
881,364
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
881,364
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
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[ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.08%
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12
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TYPE OF REPORTING PERSON
CO
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CUSIP No. 87970T208
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Page 4 of 10
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Item 1.
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(a)
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Name of Issuer: Telular Corporation
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(b)
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Address of Issuer’s Principal Executive Offices:
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311 South Wacker Drive, Suite 4300
Chicago, IL 60606
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Item 2.
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(a)
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Name of Person Filing: This Schedule 13G is being filed jointly by Cheyne Capital Management (UK) LLP and Cheyne General Partner Inc.
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(b)
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Address of Principal Business Office or, if none, Residence :
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The address of Cheyne Capital Management (UK) LLP is Stornoway House, 13 Cleveland Row, London, SW1A 1DH, England.
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The address of Cheyne General Partner Inc. is 94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman KY1-1108, Cayman Islands.
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(c)
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Citizenship:
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Cheyne Capital Management (UK) LLP is a limited liability partnership incorporated under the laws of England and Wales.
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Cheyne General Partner Inc. is a Cayman Islands corporation.
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(d)
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Title of Class of Securities: Common Stock, $0.01 per value per share.
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(e)
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CUSIP Number: 87970T208
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CUSIP No. 87970T208
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Page 5 of 10
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Item 3.
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If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ] Broker or dealer registered under Section 15 of the Act.
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(b)
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[ ] Bank as defined in Section 3(a)(6) of the Act.
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(c)
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[ ] Insurance company as defined in Section 3(a)(19) of the Act.
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(d)
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[ ] Investment company registered under Section 8 of the Investment
Company Act of 1940.
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(e)
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[X] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E).*
* Cheyne Capital Management (UK) LLP only.
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(f)
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[ ] An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F).
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(g)
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[ ] A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G).
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(h)
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[ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act.
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(i)
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[ ] 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.
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(j)
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[ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
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CUSIP No. 87970T208
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Page 6 of 10
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Item 4.
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Ownership.
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(a)
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Amount Beneficially Owned: **
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(b)
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Percent of Class: **
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(c)
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Number of Shares as to which the person has:
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(i)
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sole power to vote or to direct the vote: **
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(ii)
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shared power to vote or direct the vote: **
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(iii)
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sole power to dispose or direct the disposition of: **
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(iv)
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shared power to dispose or direct the disposition of: **
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** See Attachment A
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Item 5.
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Ownership of Five Percent or Less of a Class:
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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 [ ]
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person:
Cheyne European Event Driven Fund L.P., a Cayman Islands limited partnership and Lyxor/Cheyne European Event Driven Fund Limited, a Jersey expert fund.
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CUSIP No. 87970T208
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Page 7 of 10
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Item 7.
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Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group.
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Not applicable.
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Item 9.
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Notice of Dissolution of Group.
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Not applicable.
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Item 10.
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Certification:
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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.
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CUSIP No. 87970T208
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Page 8 of 10
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Date: May 31, 2013
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CHEYNE CAPITAL MANAGEMENT (UK) LLP
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By:
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/s/ Peter Head
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Name:
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Peter Head
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Title:
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Chief Compliance Officer
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CHEYNE GENERAL PARTNER INC.
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By:
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/s/ Daniele Hendry
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Name:
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Daniele Hendry
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Title:
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Director
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CUSIP No. 87970T208
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Page 9 of 10
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CHEYNE CAPITAL MANAGEMENT (UK) LLP
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By:
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/s/ Peter Head
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Name:
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Peter Head
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Title:
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Chief Compliance Officer
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CHEYNE GENERAL PARTNER INC.
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By:
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/s/ Daniele Hendry
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Name:
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Daniele Hendry
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Title:
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Director
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CUSIP No. 87970T208
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Page 10 of 10
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