sc13g

0000950123-10-023123.txt : 20100310 0000950123-10-023123.hdr.sgml : 20100310 20100310165840 ACCESSION NUMBER: 0000950123-10-023123 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100310 DATE AS OF CHANGE: 20100310 GROUP MEMBERS: PICTET OVERSEAS TRUST CORPORATION LIMITED GROUP MEMBERS: THE TANGO TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IXIA CENTRAL INDEX KEY: 0001120295 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 954635982 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-60547 FILM NUMBER: 10671196 BUSINESS ADDRESS: STREET 1: 26601 W AGOURA RD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8188711800 MAIL ADDRESS: STREET 1: 26601 W. AGOURA RD CITY: CALABASAS STATE: CA ZIP: 91302 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Addington Hills Ltd. CENTRAL INDEX KEY: 0001486320 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: BAYSIDE EXECUTIVE PARK, BUILDING NO. 1 STREET 2: WEST BAY STREET, P.O. BOX N-4837 CITY: NASSAU STATE: C5 ZIP: 00000 BUSINESS PHONE: 011.41.58.450.70.00 MAIL ADDRESS: STREET 1: BAYSIDE EXECUTIVE PARK, BUILDING NO. 1 STREET 2: WEST BAY STREET, P.O. BOX N-4837 CITY: NASSAU STATE: C5 ZIP: 00000 SC 13G 1 v55454sc13g.htm SC 13G sc13g

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. _____)*

Ixia

(Name of Issuer)

Common Stock

(Title of Class of Securities)

45071R109

(CUSIP Number)

March 2, 2010

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

o Rule 13d-1(c)

þ 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 disclosure 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).


CUSIP No.		45071R109	13G	Page		2		of		11


1	NAME OF REPORTING PERSONS (I.R.S. Identification Nos. of above persons (entities only) Addington Hills Ltd.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Bahamas

		5	SOLE VOTING POWER

NUMBER OF			0 shares

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			11,983,500 shares, the voting power of which is shared with (i) The Tango Trust and (ii) Pictet Overseas Trust Corporation Limited, as Trustees of The Tango Trust.

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0 shares

WITH		8	SHARED DISPOSITIVE POWER

			11,983,500 shares, the dispositive power of which is shared with (i) The Tango Trust and (ii) Pictet Overseas Trust Corporation Limited, as Trustees of The Tango Trust.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	11,983,500 shares

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	19.0%

12	TYPE OF REPORTING PERSON

	CO


CUSIP No.		45071R109	13G	Page		3		of		11


1	NAME OF REPORTING PERSONS (I.R.S. Identification Nos. of above persons (entities only) The Tango Trust


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Bahamas

		5	SOLE VOTING POWER

NUMBER OF			0 shares

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			11,983,500 shares, the voting power of which is shared with (i) Addington Hills Ltd. and (ii) Pictet Overseas Trust Corporation Limited, as Trustees of The Tango Trust.

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0 shares

WITH		8	SHARED DISPOSITIVE POWER

			11,983,500 shares, the dispositive power of which is shared with (i) Addington Hills Ltd. and (ii) Pictet Overseas Trust Corporation Limited, as Trustees of The Tango Trust.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	11,983,500 shares

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	19.0%

12	TYPE OF REPORTING PERSON

	OO


CUSIP No.		45071R109	13G	Page		4		of		11


1	NAME OF REPORTING PERSONS (I.R.S. Identification Nos. of above persons (entities only) Pictet Overseas Trust Corporation Limited


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Bahamas

		5	SOLE VOTING POWER

NUMBER OF			0 shares

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			(1) 11,983,500 shares, the voting power of which is shared with (i) Addington Hills Ltd. and (ii) The Tango Trust and (2) 67,860 shares.

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0 shares

WITH		8	SHARED DISPOSITIVE POWER

			(1) 11,983,500 shares, the dispositive power of which is shared with (i) Addington Hills Ltd. and (ii) The Tango Trust and (2) 67,860 shares.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	12,051,360 shares

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	19.2%

12	TYPE OF REPORTING PERSON

	CO


CUSIP No.		45071R109	13G	Page		5		of		11


ITEM 1(a)		Name of Issuer:

		Ixia

ITEM 1(b)		Address of Issuer’s Principal Executive Offices:

		26601 W. Agoura Road, Calabasas, CA 91032

ITEM 2(a)		Name of Person Filing:

		This Statement is being filed by Addington Hills Ltd. (“Addington”), by The Tango Trust (the “Trust”) and by Pictet Overseas Trust Corporation Limited (the “Trustee”), as trustees of The Tango Trust. The persons filing this Statement are sometimes together referred to as the “Reporting Persons.” Addington is the record owner of the shares. The Trust is the beneficial owner of the equity interest in Addington. The Trustee is the trustee of the Trust.

ITEM 2(b)		Address of Principal Business Office or, if none, Residence:

		The address of the principal business office of Addington is Bayside Executive Park, Building No. 1 West Bay Street, P.O. Box N-4837, Nassau, Bahamas. The address of the principal business office of the Trust and of the Trustee is Bayside Executive Park, Building No. 1 West Bay Street, P. O. Box N-4837, Nassau, Bahamas.

ITEM 2(c)		Citizenship:

		Addington is a company organized under the laws of the Bahamas. The Trust is a trust organized under the laws of the Bahamas. The Trustee is a company organized under the laws of the Bahamas.

ITEM 2(d)		Title of Class of Securities:

		Common Stock

ITEM 2(e)		CUSIP Number:

		45071R109

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)	o	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)	o	Bank as defined in section 3(a)(6) of the of the Act (15 U.S.C. 78c).

(c)	o	Insurance company as defined in section 3(a)(19) of the of the Act (15 U.S.C. 78c).

(d)	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)	o	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)	o	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);


CUSIP No.		45071R109	13G	Page		6		of		11


(g)	o	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

(h)	o	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)	o	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)	o	A non-US institution in accordance with §240.13d-1(b)(1)(ii)(J).

(k)	o	Group, in accordance with §240.13d-1(b)(1)(ii)(K).

Not applicable

ITEM 4. OWNERSHIP

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Addington and the Trust


(a)	Amount beneficially owned:	11,983,500	shares
(b)	Percent of class:	19.0	%
(c)	Number of shares as to which such person has:
	(i) Sole power to vote or to direct the vote	0	shares
	(ii) Shared power to vote or to direct the vote	11,983,500	shares
	(iii) Sole power to dispose or to direct the disposition of	0	shares
	(iv) Shared power to dispose or to direct the disposition of	11,983,500	shares

The Trustee


(a)	Amount beneficially owned:	12,051,360	shares
(b)	Percent of class:	19.2	%
(c)	Number of shares as to which such person has:
	(i) Sole power to vote or to direct the vote	0	shares
	(ii) Shared power to vote or to direct the vote	12,051,360	shares
	(iii) Sole power to dispose or to direct the disposition of	0	shares
	(iv) Shared power to dispose or to direct the disposition of	12,051,360	shares


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 person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: o

		Instruction: Dissolution of a group requires a response to this item.


CUSIP No.		45071R109	13G	Page		7		of		11


ITEM 6.		OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

		To the best knowledge of each of the Reporting Persons, no person other than each of the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the 11,983,500 shares of Ixia Common Stock beneficially owned by all of the Reporting Persons. With regard to the additional 67,860 shares beneficially owned by the Trustee, certain third parties have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such shares.

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

		Not applicable

ITEM 9.		NOTICE OF DISSOLUTION OF GROUP

		Not applicable

ITEM 10.		CERTIFICATION

		Not applicable


CUSIP No.		45071R109	13G	Page		8		of		11

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: March 2, 2010 ADDINGTON HILLS LTD.
By:	Nassnom Investments Corp, a Director


By:	/s/ Roland Aebischer
	Print Name:	Roland Aebischer
	Title:	Duly Authorized


By:	/s/ E. Cretton Akbari
	Print Name:	Emmanuelle Cretton Akbari
	Title:	Duly Authorized


By:	Nomnass Investments Corp, a Director


By:	/s/ Roland Aebischer
	Print Name:	Roland Aebischer
	Title:	Duly Authorized


By:	/s/ E. Cretton Akbari
	Print Name:	Emmanuelle Cretton Akbari
	Title:	Duly Authorized

PICTET OVERSEAS TRUST CORPORATION LIMITED, on behalf of itself and as Trustees of The Tango Trust
By:	/s/ Roland Aebischer
	Print Name:	Roland Aebischer
	Title:	Duly Authorized


By:	/s/ E. Cretton Akbari
	Print Name:	Emmanuelle Cretton Akbari
	Title:	Duly Authorized

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)


CUSIP No.		45071R109	13G	Page		9		of		11

EXHIBIT INDEX


Exhibit
Number	Exhibit	Page
1	Agreement to File Joint Statements on Schedule 13G	Page 10 of 11 pages

EX-99.1 2 v55454exv99w1.htm EX-99.1 exv99w1


CUSIP No.		45071R109	13G	Page		10		of		11

EXHIBIT 1
AGREEMENT TO FILE JOINT
STATEMENTS ON SCHEDULE 13G

THIS AGREEMENT is entered into as of the 2nd day of March, 2010 by and between Addington Hills Ltd., a company organized under the laws of the Bahamas (“Addington”), The Tango Trust, a trust organized under the laws of the Bahamas (the “Trust”) and Pictet Overseas Trust Corporation Limited, a company organized under the laws of the Bahamas (the “Trustee”).

WITNESSETH

WHEREAS, Addington, the Trust and the Trustee may each be deemed to hold beneficial ownership of more than five percent of the shares of the Common Stock of Ixia, a California corporation (the “Common Stock”);

WHEREAS, the Common Stock has been registered by Ixia under Section 12(g) of the Securities Exchange Act of 1934 (the “Act”);

WHEREAS, pursuant to Rule 13d-1 under the Act, any person who holds more than five percent of such a class of registered equity securities is, under certain circumstances, permitted and/or required to file with the Securities and Exchange Commission a statement on Schedule 13G; and

WHEREAS, Rule 13d-1(k) under the Act provides that, whenever two or more persons are permitted to file a statement on Schedule 13G with respect to the same securities, only one such statement need be filed, provided such persons agree in writing that such statement is filed on behalf of each of them.

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements contained herein, the parties hereby agree as follows:

Addington, the Trust and the Trustee each hereby agree, in accordance with Rule 13d-1(k) under the Act, to file jointly this statement on Schedule 13G and any amendments thereto (the “Statements”) which may now or hereafter be required to be filed by them with respect to the Common Stock beneficially owned or deemed to be beneficially owned by each of them pursuant to Sections 13(d) and 13(g) of the Act and the rules thereunder.

Addington, the Trust and the Trustee each hereby agree that such Statements shall be filed jointly on behalf of each of them, and that a copy of this Agreement shall be filed as an exhibit thereto in accordance with Rule 13d-1(k)(iii) under the Act.

This Agreement may be executed in counterparts which together shall constitute one agreement.


CUSIP No.		45071R109	13G	Page		11		of		11

IN WITNESS WHEREOF, the parties have executed this Agreement or caused this Agreement to be signed on their behalf by their duly authorized representatives as of the date first above written.


ADDINGTON HILLS LTD.
By:	Nassnom Investments Ltd., a Director


By:	/s/ Roland Aebischer
	Print Name:	Roland Aebischer
	Title:	Duly Authorized


By:	/s/ E. Cretton Akbari
	Print Name:	Emmanuelle Cretton Akbari
	Title:	Duly Authorized


By:	Nomnass Investments Ltd., a Director


By:	/s/ Roland Aebischer
	Print Name:	Roland Aebischer
	Title:	Duly Authorized


By:	/s/ E. Cretton Akbari
	Print Name:	Emmanuelle Cretton Akbari
	Title:	Duly Authorized

PICTET OVERSEAS TRUST CORPORATION LIMITED, on behalf of itself and as Trustees of The Tango Trust
By:	/s/ Roland Aebischer
	Print Name:	Roland Aebischer
	Title:	Duly Authorized


By:	/s/ E. Cretton Akbari
	Print Name:	Emmanuelle Cretton Akbari
	Title:	Duly Authorized