-----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, Ro3bStCRZHfT2p+xvjmg+JTnfo83S8bDwRMK6U8mi+/bWQb8x4HJBsDNKqPOS0a9 0zi/sIwSdY+Y8mSi00NQ+A== 0001005477-01-501035.txt : 20010910 0001005477-01-501035.hdr.sgml : 20010910 ACCESSION NUMBER: 0001005477-01-501035 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010907 GROUP MEMBERS: DIMENSIONAL PARTNERS, L.P. GROUP MEMBERS: DIMENSIONAL PARTNERS, LTD. GROUP MEMBERS: JDS ASSET MANAGEMENT, LLC GROUP MEMBERS: JOSEPH D. SAMBERG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TTR TECHNOLOGIES INC CENTRAL INDEX KEY: 0000933955 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 113223672 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58629 FILM NUMBER: 1732957 BUSINESS ADDRESS: STREET 1: 1841 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10023 BUSINESS PHONE: 0119799766 MAIL ADDRESS: STREET 1: 2 HANAGER STREET CITY: KFAR SASBA ISRAEL STATE: L3 FORMER COMPANY: FORMER CONFORMED NAME: TTR INC DATE OF NAME CHANGE: 19960906 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JDS CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001097562 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133918633 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 780 THIRD AVENUE 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128339921 MAIL ADDRESS: STREET 1: 780 THIRD AVENUE 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G/A 1 d01-34622.txt SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------- SCHEDULE 13G/A (Amendment No. 2) (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) TTR TECHNOLOGIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 87305 U102 - -------------------------------------------------------------------------------- (CUSIP Number) August 17, 2001 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1 (b) |X| Rule 13d-1 (c) |_| Rule 13d-1 (d) - ---------- (1) 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. 87305 U102 SCHEDULE 13GA Page 2 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Partners, L.P. I.R.S. #13-5514352 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 3,575,000 SHARES OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 3,575,000 SHARES - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,575,000 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.82% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 87305 U102 SCHEDULE 13GA Page 3 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) JDS Asset Management, LLC I.R.S. #13-4053441 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 3,575,000 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 3,575,000 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,575,000 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.82% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 87305 U102 SCHEDULE 13GA Page 4 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Partners, Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 3,575,000 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 3,575,000 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,575,000 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.82% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 87305 U102 SCHEDULE 13GA Page 5 of 16 Pages - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). JDS Capital Management, Inc. I.R.S #13-3918633 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 3,575,000 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 3,575,000 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,575,000 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.82% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 87305 U102 SCHEDULE 13GA Page 6 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Joseph D. Samberg - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 3,575,000 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON None WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 3,575,000 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,575,000 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.82% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INTRODUCTORY NOTE: This Statement on Schedule 13G/A is a second amendment of the initial filing on Schedule 13G by the Reporting Persons (as defined below) pursuant to Rule 13d-1(c) (the "Schedule 13G"). This Schedule 13G/A is filed by (i) Dimensional Partners, L.P., a Delaware limited partnership ("Dimensional I"), (ii) the general partner of Dimensional I, JDS Asset Management, LLC, a Delaware limited liability company ("JDSAM"), (iii) Dimensional Partners, Ltd., a Cayman Islands company ("Dimensional II"), (iv) the investment manager and sub-advisor of Dimensional II, JDS Capital Management, Inc., a Delaware corporation ("JDSCM"), and (v) Joseph D. Samberg, the Managing Member of JDSAM and the President of JDSCM ("Samberg") (collectively, the "Reporting Persons"). Item 1(a) Name of Issuer TTR TECHNOLOGIES, INC. Item 1(b) Address of Issuer's Principal Executive Office 2 HaNagar Street Kfar Saba 44425, Israel Item 2(a) Name of Person Filing Dimensional Partners, L.P. JDS Asset Management, LLC Dimensional Partners, Ltd. JDS Capital Management, Inc. Joseph D. Samberg Item 2(b) Address of Principal Business Office Address of principal business office of each of Dimensional I, JDSAM, JDSCM and Samberg is: 780 Third Avenue, 45th Floor, New York, NY 10017. Address of principal business office of Dimensional II is: Corporate Center, West Bay Road, P.O. Box 31106 SMB, Grand Cayman, Cayman Islands. Item 2(c) Citizenship Dimensional I is a Delaware limited partnership; JDSAM is a Delaware limited liability company, Dimensional II is a Cayman Islands company, JDSCM is a Delaware corporation, and Samberg is a citizen of the United States. Item 2(d) Title of Class of Securities Common Stock, par value $0.001 per share Page 7 of 16 Item 2(e) CUSIP Number 87305 U102 Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13-2(b) or (c), check whether the person filing is a: (a) |_| Broker of Dealer registered under Section 15 of the Act (b) |_| Bank as defined in Section 3(a)(6) of the Act (c) |_| Insurance company as defined in Section 3(a)(19) of the Act (d) |_| Investment Company registered under section 8 of the Investment Company Act of 1940 (e) |_| An Investment Adviser in accordance with 13-1(b)(1)(ii)(E) (f) |_| An Employee Benefit Plan or Endowment Fund in accordance with 13d-1(b)(1)(ii)(F) (g) |_| A Parent Holding Company or Control Person in accordance with 13d-1(b)(1)(ii)(G) (h) |_| A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act (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 (j) |_| Group, in accordance with 13d-1(b)(1)(ii)(J) Item 4 Ownership Item 4(a) Amount Beneficially Owned: As of August 31, 2001, in the aggregate, Dimensional I and Dimensional II beneficially own 3,575,000 shares of Common Stock, including, without limitation, 450,000 shares issuable upon exercise of Class A warrants and 225,000 shares issuable upon exercise of Class B warrants, which Class B warrants would be issued upon the exercise of the Class A warrants. Page 8 of 16 Of the aforesaid 3,575,000 shares, Dimensional I beneficially owns 959,640 shares of Common Stock, including, without limitation, 90,000 shares issuable upon exercise of the Class A warrants it owns and 45,000 shares issuable upon exercise of Class B warrants, which Class B warrants would be issued to Dimensional I upon its exercise of the Class A warrants it owns. Of the aforesaid 3,575,000 shares, Dimensional II beneficially owns 2,615,360 shares of Common Stock, including, without limitation, 360,000 shares issuable upon exercise of the Class A warrants it owns and 180,000 shares issuable upon exercise of Class B warrants, which Class B warrants would be issued to Dimensional II upon its exercise of the Class A warrants it owns. The aforesaid Class A warrants are exercisable at any time at the option of their respective owner until their expiration date. The aforesaid Class B warrants are exercisable (after issuance) at any time at the option of their respective owner until their expiration date. Dimensional I, Dimensional II, JDSAM (as the general partner of Dimensional I), JDSCM (as the investment manager and sub-advisor of Dimensional II), and Samberg (as the Managing Member of JDSAM and as the President of JDSCM), may be deemed to be the beneficial owners of the shares (and warrants) belonging to Dimensional I and Dimensional II. However, Dimensional II, JDSAM, JDSCM, and Samberg disclaim beneficial ownership of the shares (and warrants) belonging to Dimensional I (except for the indirect interest of JDSAM by virtue of being a partner of Dimensional I and the indirect interest of Samberg by virtue of being a member of JDSAM), and Dimensional I, JDSAM, JDSCM, and Samberg disclaim beneficial ownership of the shares (and warrants) belonging to Dimensional II. Item 4(b) Percent of Class: As of August 31, 2001, in the aggregate, Dimensional I and Dimensional II beneficially own 19.82% of the total outstanding shares of Common Stock, as computed in accordance with Rule 13d-3.d.1.i under the Securities Exchange Act of 1934, as amended. As of August 31, 2001, Dimensional I beneficially owns 5.32% of the total outstanding shares of Common Stock, as computed in accordance with the aforesaid Rule. As of August 31, 2001, Dimensional II beneficially owns 14.50% of the total outstanding shares of Common Stock, as computed in accordance with the aforesaid Rule. Dimensional I, Dimensional II, JDSAM (as the general partner of Dimensional I), JDSCM (as the investment manager and sub-advisor of Dimensional II), and Samberg (as the Managing Member of JDSAM and as the President of JDSCM), may be deemed to be the beneficial owners of the shares belonging to Dimensional I and Dimensional II and therefore to each own 19.82% of the total outstanding shares of Common Stock. However, since Dimensional II, JDSAM, JDSCM, and Samberg disclaim beneficial ownership of the shares belonging to Dimensional I, and since Dimensional I, JDSAM, JDSCM, and Samberg disclaim beneficial ownership of the shares belonging to Dimensional II, the respective percentage beneficial ownerships of Dimensional I and Dimensional II in the shares are as stated in the preceding paragraphs in this Item 4(b) and JDSAM, JDSCM, and Samberg do not beneficially own any percentage interest in the aforesaid shares. Item 4(c): Number of Shares as to which each Person filing has: i. Sole power to vote or to direct the vote: 0. ii. Shared power to vote or to direct the vote: 3,575,000. However, (a) since JDSCM is not the general partner of Dimensional I and Dimensional II has no interest in or authority over Dimensional I, only Dimensional I and JDSAM (together with Samberg) have the actual shared power to vote or to direct the vote of 959,640 shares of Common Stock; and (b) since JDSAM is not an officer, director, advisor or sub-advisor of Dimensional II and Dimensional I has no interest in or authority over Dimensional II, only Dimensional II and JDSCM (together with Samberg) have the actual shared power to vote or to direct the vote of 2,615,360 shares of Common Stock. iii. Sole power to dispose or to direct the disposition of: 0. iv. Shared power to dispose or to direct the disposition of: 3,575,000. However, (a) since JDSCM is not the general partner of Dimensional I and since Dimensional II has no interest in or authority over Dimensional I, only Dimensional I and JDSAM (together with Samberg) have the actual shared power to dispose or to direct the disposition of 959,640 shares of Common Stock; and (b) since JDSAM is not an officer, director, advisor or sub-advisor of Dimensional II and since Dimensional I has no interest in or authority over Dimensional II, only Dimensional II and JDSCM (together with Samberg) have the actual shared power to dispose or to direct the disposition of 2,615,360 shares of Common Stock. Note: Although the shares of Common Stock issuable upon exercise of the Class B Warrants have been included in the share computations above, in general the Reporting Persons do not agree that Rule 13d-3.d.1.i requires their inclusion. Item 5 Ownership of Five Percent or Less of a Class Not applicable Item 6 Ownership of More than Five Percent on Behalf of Another Person Not applicable Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding 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 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. Page 9 of 16 JOINT FILING AGREEMENT The undersigned parties hereby agree that the Schedule 13G/A filed herewith relating to the Common Stock of Ambient Corporation is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k) on behalf of each such person. Date: September 7, 2001 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: September 7, 2001 DIMENSIONAL PARTNERS, LTD. By: JDS Capital Management, Inc., its investment manager and subadvisor By: /s/ Joseph D. Samberg ---------------------------------- Name: Joseph D. Samberg Title: President Page 10 of 16 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: September 7, 2001 DIMENSIONAL PARTNERS, L.P. By: JDS Asset Management, LLC, its general partner By: /s/ Joseph D. Samberg ----------------------------------- Name: Joseph D. Samberg Title: Managing Member Page 11 of 16 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: September 7, 2001 JDS ASSET MANAGEMENT, LLC By: /s/ Joseph D. Samberg ------------------------------------- Name: Joseph D. Samberg Title: Managing Member Page 12 of 16 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: September 7, 2001 JDS CAPITAL MANAGEMENT, INC. By: /s/ Joseph D. Samberg ------------------------------------- Name: Joseph D. Samberg Title: President Page 13 of 16 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: September 7, 2001 /s/ Joseph D. Samberg ---------------------------------------- Joseph D. Samberg Page 14 of 16 -----END PRIVACY-ENHANCED MESSAGE-----