-----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, Jm7ieVQcuI/R1EUn4Z9RFphd//WZRwTn2lY6xMBQePeA5XyoZohNmUP1kVb0BPul 0WfbQIt/eWBK8LCns7ES5A== 0000919574-02-000793.txt : 20020415 0000919574-02-000793.hdr.sgml : 20020415 ACCESSION NUMBER: 0000919574-02-000793 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020212 FILED AS OF DATE: 20020327 COMPANY DATA: COMPANY CONFORMED NAME: PEQUOT CAPITAL MANAGEMENT INC/CT/ CENTRAL INDEX KEY: 0001071955 DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 500 NYALA FARMS ROAD CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 2033192246 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ELASTIC NETWORKS INC CENTRAL INDEX KEY: 0001088242 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 582418576 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30938 FILM NUMBER: 02588564 BUSINESS ADDRESS: STREET 1: 6120 WINWARD PARKWAY STREET 2: STE 100 CITY: ALPHARETTA STATE: GA ZIP: 30005 BUSINESS PHONE: 6782973100 MAIL ADDRESS: STREET 1: 6120 WINWARD PARKWAY STREET 2: SUITE 100 CITY: ALPHARETTA STATE: GA ZIP: 30005 4 1 f402720001aa5.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP (X) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 OMB APPROVAL - ------------ OMB Number 3235-0287 Expires: September 30, 1998 Estimated ave. burden hours per response.....0.5 1. Name and Address of Reporting Person Pequot Capital Management, Inc. 500 Nyala Farm Road Westport, CT 06880 2. Issuer Name and Ticker or Trading Symbol Elastic Networks, Inc. ELAS 3. IRS Number of Reporting Person (Voluntary) 4. Statement for Month/Year 02/02 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s)to Issuer (Check all applicable) (X) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other (1) (specify below) 7. Individual or Joint/Group Filing (check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED 1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities | 5. Amount of | 6. Ownership |7. Nature of | (Instr. 3) | Date | Code | Acquired (A) | Securities | Form: | Indirect | | | (Instr. 8) | or Disposed | Beneficially | Direct (D) | Beneficial| | (Month/ | | of (D) | Owned at End | or Indirect| Ownership | | Day/ | | (Instr. 3,4, | of Month | (I) | (Instr. 4)| | Year) | | and 5) | (Instr. 3 and 4)| (Instr. 4) | | | | | | |(A) or| | | | | | | Code | V | Amount|(D) |Price| | | | _________________________________________________________________________________________________________________________________ Common Stock 2/12/02 M 15,000 A $0.18 15,000 I (2) Investment (2) Advisor (1) - ---------------------------------------------------------------------------------------------------------------------------------
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED 1. Title of | 2. Conver- | 3. Trans- | 4. Trans- | 5. Number of | 6. Date Exer- | 7. Title and Amount | Derivative | sion or | action | action | Derivative | cisable and | of Underlying | Security | Exercise | Date | Code | Securities | Expiration | Securities | (Instr. 3) | Price of | (Month/ | (Instr. | Acquired | Date | (Instr. 3 and 4) | | Deri- | Date/ | 8) | (A) or | (Month/Day/ | | | vative | Year) | | Disposed of | Year) | | | Security | | | (D) (Instr. | | | | | | | 3, 4 and 5) | | | | | |____________|_________________|___________________|_____________________| | | | | | | | | | | | | | | | | | | Date | Expira- | | Amount or | | | | | | | | Exer- | tion | | Number of | | | | Code | V | (A) | (D) | cisable | Date | Title | Shares | ___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________| Stock Option |$0.18 |2/12/02 |M | | |15,000 |12/31/01 |11/12/11 |Common |15,000 (2) | (Right-to-Buy) (2) |Stock
| 8. Price of | 9. Number of | 10. Ownership | 11. Nature of | | Derivative | derivative | Form of | Indirect | | Security | Securities | Derivative | Beneficial | | (Instr. 5) | Benefi- | Security | Ownership | | | cially | Direct (D) | (Instr. 4) | | | Owned at | or Indirect | | | | End of | (I) (Instr. | | | | Month | 4) | | | | (Instr. 4) | | | |--------------------- |-------------------| ----------------- | --------------- | $0.18 0 I (2) Investment Advisor (1)
Explanation of Responses: (1) Pequot Capital Management, Inc., ("Pequot") is an investment advisor registered under Section 203 of the Investment Advisers Act of 1940 and has voting power and investment power with respect to securities in clients' accounts, (the "Accounts"). Pequot disclaims any obligation to file this report, and this report shall not be deemed an admission that Pequot is subject to Section 16 with respect to the issuer or such securities. One employee of Pequot served on the Board of Directors of the issuer. (2) Pequot disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Pequot is the beneficial owner of such securities for the purposes of Rule 16(a)-1(a)(1)or (a)(2) or for any other purposes. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Kevin E. O'Brien, General Counsel 3/27/02 ------------------------------------- ------- **Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMD Number Name: Gerald A. Poch Address: c/o Pequot Capital Management, Inc. 500 Nyala Farm Road Westport, CT 06880 Designated Filer: Pequot Capital Management, Inc. Issuer & Ticker Symbol: Elastic Networks, Inc. ELAS Statement for Month/Year: 2/02 Nature of Indirect Beneficial Ownership: By Investment Adviser (See Footnote 1) - Gerald A. Poch is an employee of Pequot Capital Management, Inc., and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest. Signature: /s/ Gerald A. Poch 02720001.AA5 -----END PRIVACY-ENHANCED MESSAGE-----