sec document

-----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, BKXlJ9J1fGkxve0BCh4ke+JD3LPYb+WwNq/RLW4ctzhNgNbiz7pxTBIACTgGVR6m ILlGCPaeAGDQHD0nT8TPwQ== 0000921895-03-000414.txt : 20030627 0000921895-03-000414.hdr.sgml : 20030627 20030627152349 ACCESSION NUMBER: 0000921895-03-000414 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030627 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MLF INVESTMENTS LLC CENTRAL INDEX KEY: 0001162627 IRS NUMBER: 593755675 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2401 W BAY DR STREET 2: STE 124 CITY: LARGO STATE: FL ZIP: 33770 BUSINESS PHONE: 727 501 1510 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMBASSADORS INTERNATIONAL INC CENTRAL INDEX KEY: 0000946842 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 911688605 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44561 FILM NUMBER: 03761034 BUSINESS ADDRESS: STREET 1: 1071 CAMELBACK STREET 2: STREET CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949.759.5900 MAIL ADDRESS: STREET 1: 1071 CAMELBACK STREET 2: STREET CITY: NEWPORT BEACH STATE: CA ZIP: 92660 SC 13D/A 1 sc13da305327_06272003.htm sec document

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 --------------


                                  SCHEDULE 13D
                                 (Rule 13d-101)

                 INFORMATION TO BE INCLUDED IN STATEMENTS FILED
                    PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
                     THERETO FILED PURSUANT TO RULE 13d-2(a)

                               (Amendment No.3)1

                         AMBASSADORS INTERNATIONAL, INC.
- --------------------------------------------------------------------------------
                                (Name of issuer)

                     COMMON STOCK, $.01 PAR VALUE PER SHARE
- --------------------------------------------------------------------------------
                         (Title of class of securities)

                                   023178 10 6
- --------------------------------------------------------------------------------
                                 (CUSIP number)

                              STEVEN WOLOSKY, ESQ.
               OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
                                 505 Park Avenue
                            New York, New York 10022
                                 (212) 753-7200
- --------------------------------------------------------------------------------
                  (Name, address and telephone number of person
                authorized to receive notices and communications)

                                  June 25, 2003
- --------------------------------------------------------------------------------
             (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 Rule 13d-1(e),  13d-1(f) or 13d-1(g),  check the
following box / /.

            Note.  The  Schedules  filed in paper format shall  include a signed
original  and five copies of the  schedule,  including  all  exhibits.  See Rule
13d-7(b) for other parties to whom copies are to be sent.

                         (Continued on following pages)


                               (Page 1 of 6 Pages)


- -------------------------
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 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. 023178 10 6                 13D                      Page 2 of 6 Pages
- -----------------------                                      -------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                             MLF Investments, LLC - 59-3755675
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) |X|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         SOURCE OF FUNDS*
                     AF
- --------------------------------------------------------------------------------
     5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
               PURSUANT TO ITEM 2(d) OR 2(e)                                 |_|
- --------------------------------------------------------------------------------
     6         CITIZENSHIP OR PLACE OF ORGANIZATION

                     Delaware
- --------------------------------------------------------------------------------
  NUMBER OF        7      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   0 shares
OWNED BY EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   8      SHARED VOTING POWER

                                759,177 shares
               -----------------------------------------------------------------
                   9      SOLE DISPOSITIVE POWER

                                0 shares
               -----------------------------------------------------------------
                  10      SHARED DISPOSITIVE POWER

                                972,478 shares
- --------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     972,478 shares
- --------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                                               |_|
- --------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     9.8%
- --------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON*

                     OO
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!




- -----------------------                                      -------------------
CUSIP No. 023178 10 6                 13D                      Page 3 of 6 Pages
- -----------------------                                      -------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                             Matthew L. Feshbach
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) |X|
                                                                         (b) |_|
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         SOURCE OF FUNDS*
                     AF
- --------------------------------------------------------------------------------
     5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
               PURSUANT TO ITEM 2(d) OR 2(e)                                 |_|
- --------------------------------------------------------------------------------
     6         CITIZENSHIP OR PLACE OF ORGANIZATION

                     USA
- --------------------------------------------------------------------------------
  NUMBER OF        7      SOLE VOTING POWER
   SHARES
 BENEFICIALLY                   0 shares
OWNED BY EACH
  REPORTING
 PERSON WITH   -----------------------------------------------------------------
                   8      SHARED VOTING POWER

                                759,177 shares
               -----------------------------------------------------------------
                   9      SOLE DISPOSITIVE POWER

                                0 shares
               -----------------------------------------------------------------
                  10      SHARED DISPOSITIVE POWER

                                972,478 shares
- --------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     972,478 shares
- --------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                                               |_|
- --------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     9.8%
- --------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON*

                     IN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





- -----------------------                                      -------------------
CUSIP No. 023178 10 6                 13D                      Page 4 of 6 Pages
- -----------------------                                      -------------------


            The following  constitutes  Amendment  No. 3 ("Amendment  No. 3") to
Schedule 13D, as amended to date, filed by the undersigned (the "Schedule 13D").
Except as specifically amended by this Amendment No. 3, the Schedule 13D remains
in full force and effect.

            Item 3 is amended in its entirety to read as follows:

Item 3. Source and Amount of Funds or Other Consideration.

            As of the date of this Schedule  13D, each of the Reporting  Persons
may be deemed to beneficially  own 972,478 shares of Common Stock. The shares of
Common  Stock  are  either  held in the  name of a  private  investment  limited
partnership,  of which MLFI is the general partner, or in the name of an account
managed by such private  investment  limited  partnership.  Mr.  Feshbach is the
managing  member of MLFI. The funds used to purchase such shares of Common Stock
came from the respective funds of the private investment limited partnership and
the  managed  account.  Such  shares of Common  Stock were  accumulated  through
purchases  made  on the  open  market  at an  aggregate  cost  of  approximately
$9,243,053.  No part of the funds or other  consideration  used to purchase such
shares of Common  Stock was  borrowed or  otherwise  obtained for the purpose of
acquiring, holding, trading, or voting the shares of Common Stock.

            Items  5(a),  (b) and (c) are  amended in their  entirety to read as
follows:

Item 5.Interests in Securities in the Issuer.

            (a) As of the  date  of this  Schedule  13D,  each of the  Reporting
Persons  may be deemed to be the  beneficial  owner of 972,478  shares of Common
Stock,  constituting 9.8% of the 9,879,351 shares of Common Stock outstanding as
of May 2, 2003 (as reported in the Company's  report for the quarter ended March
31, 2003 on Form 10-Q).

            (b) Each of the  Reporting  Persons  shares  the power to vote or to
direct  the vote of  759,177  shares of Common  Stock,  or 7.7% of the shares of
Common Stock  outstanding.  Each of the  Reporting  Persons  shares the power to
dispose of or to direct the  disposition of 972,478  shares of Common Stock,  or
9.8% of the shares of Common Stock outstanding.


            (c) Schedule A hereto lists the transactions effected by each of the
Reporting  Persons  since the filing of Amendment  No. 2 to this  Schedule  13D.
Except where indicated,  all the transactions  were effected through open market
purchases.

             [The remainder of this page was purposely left blank.]





- -----------------------                                      -------------------
CUSIP No. 023178 10 6                 13D                      Page 5 of 6 Pages
- -----------------------                                      -------------------


                                   SIGNATURES

            After  reasonable  inquiry  and to the  best  of his  knowledge  and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.


Dated: June 27, 2003

                                       MLF Investments, LLC


                                       By: /s/ Matthew L. Feshbach
                                           -------------------------------------
                                           Name:  Matthew L. Feshbach
                                           Title: Managing Member


                                       /s/ Matthew L. Feshbach
                                       -----------------------------------------
                                       Matthew L. Feshbach





- -----------------------                                      -------------------
CUSIP No. 023178 10 6                 13D                      Page 6 of 6 Pages
- -----------------------                                      -------------------



                                   SCHEDULE A

         TRANSACTIONS IN THE SHARES OF COMMON STOCK SINCE THE FILING OF
                                 AMENDMENT NO. 2


A.   Transactions by the Private Investment Limited Partnership

  Shares of Common Stock
     Purchase/(Sold)            Price Per Share ($)      Date of Purchase/(Sale)
     ---------------            -------------------      -----------------------

         50,000                      11.6200                 06/25/03
         12,000                        (1)                   06/19/03
         29,203                      11.4378                 06/03/03

(1)  These  shares  were  transferred  to MFL  Investments.  1,000  shares  were
originally  purchased  for $8.30 per share on March 25,  2002 and 11, 000 shares
were originally purchased for $8.6193 on August 30, 2002.

B.   Transactions by the Managed Account

  Shares of Common Stock
     Purchase/(Sold)            Price Per Share ($)      Date of Purchase/(Sale)
     ---------------            -------------------      -----------------------

         20,000                      11.6200                 06/25/03
          7,301                      11.4378                 06/03/03
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