-----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, TBOMZ0rKfi4E3nEzf2quw/ZpPFt0DIuiwE52oVa4ua3VppYTLyogQ2IFVGqy2tpR HI8FScqUogviAq36wjIVhA== 0001045969-99-000822.txt : 19991109 0001045969-99-000822.hdr.sgml : 19991109 ACCESSION NUMBER: 0001045969-99-000822 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991108 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DATAKEY INC CENTRAL INDEX KEY: 0000704914 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 411291472 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-35977 FILM NUMBER: 99742908 BUSINESS ADDRESS: STREET 1: 407 W TRAVELERS TRAIL CITY: BURNSVILLE STATE: MN ZIP: 55337 BUSINESS PHONE: 6128906850 MAIL ADDRESS: STREET 1: 407 WEST TRAVELERS TRAIL CITY: BURNSVILLE STATE: MN ZIP: 55337 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LIPKIN RAYMOND A CENTRAL INDEX KEY: 0001056046 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 161 FERNDALE AVE SOUTH CITY: WAYZATA STATE: MN ZIP: 55391 BUSINESS PHONE: 6124764558 MAIL ADDRESS: STREET 1: 161 FERNDALE AVE SOUTH CITY: WAYZATA STATE: MN ZIP: 55391 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No ___)* Datakey, Inc. ------------------------------------ (Name of Issuer) Common Stock, $.05 Par Value ------------------------------------ (Title of Class of Securities) 237909 10 6 ------------------------------------ (CUSIP Number) Thomas G. Lovett IV Lindquist & Vennum P.L.L.P. 4200 IDS Center 80 South Eighth Street Minneapolis, Minnesota 55402 Telephone: (612) 371-3273 Fax Number: (612) 371-3207 ------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 29, 1999 ------------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.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 Rule 13d-7 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 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). (Continued on following page(s)) Page 1 of 6 Pages - -------------------------------------------------------------------------------- CUSIP No. 23709 10 6 13D Page 2 of 6 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS (entities only) Raymond A. Lipkin - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (see instructions) PF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Raymond A. Lipkin is a citizen of the United States. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 469,000 SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- EACH --------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 469,000 WITH: --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 469,000 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES (see instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (see instructions) IN - -------------------------------------------------------------------------------- ITEM 1. Security and Issuer This statement relates to shares of the common stock, par value $0.05 per share (the "Common Stock"), of Datakey, Inc., a Minnesota Corporation (the "Issuer"), whose principal executive offices are located at 407 West Travelers Trail, Burnsville, Minnesota 55337-2554. ITEM 2. Identity and Background (a) Name. This statement is being filed by Raymond A. Lipkin. (b) Address: Mr. Lipkin's address is 161 Ferndale Avenue South, Wayzata, Minnesota 55391. (c) Mr. Lipkin is retired. He was previously employed as an investment advisor. (d) During the last five years, Mr. Lipkin has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) (e) During the last five years, Mr. Lipkin has not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is 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 of any violation with respect to such laws. (f) Citizenship. Mr. Lipkin is a citizen of the United States. ITEM 3. Source And Amount of Funds or Other Consideration The Common Stock and Warrants of the Issuer acquired by Mr. Lipkin during the past six months were purchased for cash, in open market transactions and private placements by the Issuer, using personal funds. These securities are in addition to Mr. Lipkin's previous holdings of 66,000 shares of Common Stock and 22,000 Warrants for purchase of Common Stock of the Issuer. ITEM 4. Purpose of Transaction Mr. Lipkin acquired the shares of Common Stock and Warrants for purchase of Common Stock reported on this Schedule 13D for personal investment purposes. Mr. Lipkin has no present plans or intentions that would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Page 3 of 6 Pages ITEM 5. Interest in Securities of the Issuer (a) As of the date of this filing, Mr. Lipkin beneficially owns 469,000 shares of Common Stock, including 182,000 Warrants exercisable within 60 days for purchase of shares of Common Stock, representing approximately 9.3% of the outstanding shares of Common Stock of the Issuer. This percentage is based upon 4,851,772 shares of Common Stock outstanding, as reported by Company's Chief Financial Officer at November 4, 1999. (b) Mr. Lipkin has sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition of the shares. (c) Transactions in the Common Stock effected by Mr. Lipkin in the last 60 days are described on the attached Appendix A and incorporated herein by reference. All such transactions were purchases effected in the open market or as a result of private placements by the Issuer. (d) Not applicable. (e) Not applicable. ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Mr. Lipkin does not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer. ITEM 7. Materials to be filed as Exhibits Appendix A - Transactions in Securities of the Issuer Page 4 of 6 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. November 4, 1999 /s/Raymond A. Lipkin ----------------------------------- Raymond A. Lipkin Page 5 of 6 Pages APPENDIX A Transactions by Raymond A. Lipkin in Securities of Datakey, Inc. No. of Shares Purchased Total Date in the Last Sixty Days Purchase Price ---- ----------------------- -------------- 10-29-99 160,000 shares $200,000 160,000 warrants -- 09-23-99 61,000 shares 93,945 Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----