UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
| American Dental Partners, Inc. |
(Name of issuer)
| Common Stock, $0.01 par value |
(Title of class of securities)
| 025353103 |
(CUSIP number)
| December 31, 2011 |
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)
| * | 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 the disclosures provided in a prior cover page. |
The information required in 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).
SCHEDULE 13G/A
| CUSIP No. 025353103 | Page 2 of 10 Pages |
| (1) | Names of reporting persons
Teton Capital Partners, L.P. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
| |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
Texas | |||||
| Number of shares beneficially owned by each reporting person with: |
(5) |
Sole voting power
0 | ||||
| (6) |
Shared voting power
0 | |||||
| (7) |
Sole dispositive power
0 | |||||
| (8) |
Shared dispositive power
0 | |||||
| (9) |
Aggregate amount beneficially owned by each reporting person
0 | |||||
| (10) |
Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
| |||||
| (11) |
Percent of class represented by amount in Row (9)
0.0%** | |||||
| (12) |
Type of reporting person (see instructions)
PN | |||||
| *SEE | INSTRUCTIONS BEFORE FILLING OUT |
| **SEE | ITEM 4(b). |
SCHEDULE 13G/A
| CUSIP No. 025353103 | Page 3 of 10 Pages |
| (1) | Names of reporting persons
Ancient Art, L.P. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
| |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
Texas | |||||
| Number of shares beneficially owned by each reporting person with: |
(5) |
Sole voting power
0 | ||||
| (6) |
Shared voting power
0 | |||||
| (7) |
Sole dispositive power
0 | |||||
| (8) |
Shared dispositive power
0 | |||||
| (9) |
Aggregate amount beneficially owned by each reporting person
0 | |||||
| (10) |
Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
| |||||
| (11) |
Percent of class represented by amount in Row (9)
0.0%** | |||||
| (12) |
Type of reporting person (see instructions)
PN, IA | |||||
| *SEE | INSTRUCTIONS BEFORE FILLING OUT |
| **SEE | ITEM 4(b). |
SCHEDULE 13G/A
| CUSIP No. 025353103 | Page 4 of 10 Pages |
| (1) | Names of reporting persons
Whitney, L.P. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
| |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
Texas | |||||
| Number of shares beneficially owned by each reporting person with: |
(5) |
Sole voting power
0 | ||||
| (6) |
Shared voting power
0 | |||||
| (7) |
Sole dispositive power
0 | |||||
| (8) |
Shared dispositive power
0 | |||||
| (9) |
Aggregate amount beneficially owned by each reporting person
0 | |||||
| (10) |
Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
| |||||
| (11) |
Percent of class represented by amount in Row (9)
0.0% ** | |||||
| (12) |
Type of reporting person (see instructions)
PN | |||||
| *SEE | INSTRUCTIONS BEFORE FILLING OUT |
| **SEE | ITEM 4(b). |
SCHEDULE 13G/A
| CUSIP No. 025353103 | Page 5 of 10 Pages |
| (1) | Names of reporting persons
Trango II, L.L.C. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
| |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
Texas | |||||
| Number of shares beneficially owned by each reporting person with: |
(5) |
Sole voting power
0 | ||||
| (6) |
Shared voting power
0 | |||||
| (7) |
Sole dispositive power
0 | |||||
| (8) |
Shared dispositive power
0 | |||||
| (9) |
Aggregate amount beneficially owned by each reporting person
0 | |||||
| (10) |
Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
| |||||
| (11) |
Percent of class represented by amount in Row (9)
0.0% ** | |||||
| (12) |
Type of reporting person (see instructions)
OO | |||||
| *SEE | INSTRUCTIONS BEFORE FILLING OUT |
| **SEE | ITEM 4(b). |
SCHEDULE 13G/A
| CUSIP No. 025353103 | Page 6 of 10 Pages |
| (1) | Names of reporting persons
Quincy J. Lee | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
| |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
United States | |||||
| Number of shares beneficially owned by each reporting person with: |
(5) |
Sole voting power
96,582 | ||||
| (6) |
Shared voting power
0 | |||||
| (7) |
Sole dispositive power
96,582 | |||||
| (8) |
Shared dispositive power
0 | |||||
| (9) |
Aggregate amount beneficially owned by each reporting person
96,582 | |||||
| (10) |
Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
| |||||
| (11) |
Percent of class represented by amount in Row (9)
0.6% ** | |||||
| (12) |
Type of reporting person (see instructions)
IN | |||||
| *SEE | INSTRUCTIONS BEFORE FILLING OUT |
| **SEE | ITEM 4(b). |
| Page 7 of 10 Pages |
SCHEDULE 13G/A
This Amendment No. 3 to Schedule 13G (this “Amendment”) relates to shares of Common Stock, $0.01 par value (“Common Stock”), of American Dental Partners, Inc., a Delaware corporation (the “Issuer”), and is being filed on behalf of (i) Teton Capital Partners, L.P. (the “Fund”), a Texas limited partnership, (ii) Ancient Art, L.P. (“Ancient Art”), a Texas limited partnership, as the investment manager to the Fund, (iii) Whitney, L.P. (“Whitney”), a Texas limited partnership, as the general partner of the Fund, (iv) Trango II, L.L.C. (“Trango”), a Texas limited liability company, as the general partner of both Ancient Art and Whitney, and (v) Quincy J. Lee, the principal of Trango (the persons mentioned in (i), (ii), (iii), (iv) and (v) above are referred to herein as the “Reporting Persons”). All shares of Common Stock are held by Mr. Lee directly.
| Item 1(a) | Name of Issuer. |
American Dental Partners, Inc.
| Item 1(b) | Address of Issuer’s Principal Executive Offices. |
401 Edgewater Place, Suite 430
Wakefield, Massachusetts 01880
| Item 2(a) | Name of Person Filing. |
(i) Teton Capital Partners, L.P. (the “Fund”), (ii) Ancient Art, L.P. (“Ancient Art”), (iii) Whitney, L.P. (“Whitney”), (iv) Trango II, L.L.C. (“Trango”) and (v) Quincy J. Lee.
| Item 2(b) | Address of Principal Business Office, or, if none, Residence. |
610 West 5th Street, Suite 600
Austin, Texas 78701
| Item 2(c) | Citizenship or Place of Organization. |
The Fund is a Texas limited partnership. Ancient Art is a Texas limited partnership. Whitney is a Texas limited partnership. Trango is a Texas limited liability company. Mr. Lee is a United States citizen.
| Item 2(d) | Title of Class of Securities. |
Common Stock, $0.01 par value (the “Common Stock”).
| Item 2(e) | CUSIP Number. |
025353103
| Page 8 of 10 Pages |
| Item 3 | If this statement is filed pursuant to §§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) x | An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E). |
| (f) ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). |
| (g) ¨ | A parent holding company or control person in accordance with §240.13d-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 §240.13d-1(b)(1)(ii)(J). |
| Item 4 | Ownership. |
| (a) | The Fund may be deemed the beneficial owner of 0 shares of Common Stock it holds. Ancient Art, Whitney and Trango may be deemed the beneficial owner of 0 shares of Common Stock held by the Fund. Mr. Lee may be deemed the beneficial owner of 96,582 shares of Common Stock held by Mr. Lee directly. |
| (b) | The Fund, Ancient Art, Whitney and Trango may be deemed the beneficial owner of 0.0% of the Issuer’s outstanding shares of Common Stock. This percentage was calculated by dividing (i) 0, the number of shares of Common Stock held by the Fund, by (ii) 15,527,681, the number shares of Common Stock issued and outstanding as of November 7, 2011, as reported in the Issuer’s most recent Form 10-Q filed with the Securities and Exchange Commission on November 9, 2011. |
Mr. Lee may be deemed the beneficial owner of 0.6% of the Issuer’s outstanding shares of Common Stock. This percentage was calculated by dividing (i) 96,582, the number of shares of Common Stock held by Mr. Lee directly, by (ii) 15,527,681, the number shares of Common Stock issued and outstanding as of November 7, 2011, as reported in the Issuer’s most recent Form 10-Q filed with the Securities and Exchange Commission on November 9, 2011.
| Page 9 of 10 Pages |
| (c) | The Fund has the sole power to vote and dispose of 0 shares of Common Stock it holds. Ancient Art, Whitney and Trango have the shared power to vote and dispose of 0 shares of Common Stock held by Fund. Mr. Lee has the sole power to vote and dispose of the 96,582 shares of Common Stock held by Mr. Lee directly. |
| Item 5 | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following x.
| Item 6 | Ownership of More Than Five Percent on Behalf of Another Person. |
Inapplicable.
| Item 7 | Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company. |
Inapplicable.
| Item 8 | Identification and Classification of Members of the Group. |
Inapplicable.
| Item 9 | Notice of Dissolution of Group. |
Inapplicable.
| Item 10 | Certification. |
By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and were 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.
| Exhibits | Exhibit 1 |
Joint Filing Agreement by and among the Reporting Persons.
| Page 10 of 10 Pages |
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.
Date: February 14, 2012
| Teton Capital Partners, L.P. | ||||
| By: |
Whitney, L.P., its general partner | |||
| By: Trango II, L.L.C., its general partner | ||||
| By: |
/s/ Quincy J. Lee | |||
| Name: Quincy J. Lee | ||||
| Title: Manager | ||||
| Ancient Art, L.P. | ||||
| By: Trango II, L.L.C., its general partner | ||||
| By: |
/s/ Quincy J. Lee | |||
| Name: Quincy J. Lee | ||||
| Title: Manager | ||||
| Whitney, L.P. | ||||
| By: Trango II, L.L.C., its general partner | ||||
| By: |
/s/ Quincy J. Lee | |||
| Name: Quincy J. Lee | ||||
| Title: Manager | ||||
| Trango II, L.L.C. | ||||
| By: |
/s/ Quincy J. Lee | |||
| Name: Quincy J. Lee | ||||
| Title: Manager | ||||
| /s/ Quincy J. Lee | ||||
| Quincy J. Lee | ||||
EXHIBIT 1
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 any and all amendments thereto) with respect to the Common Stock, $0.01 par value, of American Dental Partners, Inc., a Delaware corporation, and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.
The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 14, 2012.
| Teton Capital Partners, L.P. | ||||
| By: Whitney, L.P., its general partner | ||||
| By: Trango II, L.L.C., its general partner | ||||
| By: |
/s/ Quincy J. Lee | |||
| Name: Quincy J. Lee | ||||
| Title: Manager | ||||
| Ancient Art, L.P. | ||||
| By: Trango II, L.L.C., its general partner | ||||
| By: |
/s/ Quincy J. Lee | |||
| Name: Quincy J. Lee | ||||
| Title: Manager | ||||
| Whitney, L.P. | ||
| By: Trango II, L.L.C., its general partner | ||
| By: |
/s/ Quincy J. Lee | |
| Name: Quincy J. Lee | ||
| Title: Manager | ||
| Trango II, L.L.C. | ||
| By: |
/s/ Quincy J. Lee | |
| Name: Quincy J. Lee | ||
| Title: Manager | ||
| /s/ Quincy J. Lee | ||
| Quincy J. Lee | ||