-----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, EXJZOxFhz69jTM+4HOaYxetIQManljAo3uRfMJce5wLRCanGzw1aqQVIYU77Ka3e Kd5jpUmRZDjjuR51INBYQA== 0000950124-00-000238.txt : 20000203 0000950124-00-000238.hdr.sgml : 20000203 ACCESSION NUMBER: 0000950124-00-000238 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000125 GROUP MEMBERS: ANDREW REDLEAF GROUP MEMBERS: DANIEL ASHER GROUP MEMBERS: KOHLER GARY S GROUP MEMBERS: OAKMONT INVESTMENTS GROUP MEMBERS: PYRAMID TRADING LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRINTWARE INC CENTRAL INDEX KEY: 0000801529 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 411522267 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-48523 FILM NUMBER: 512181 BUSINESS ADDRESS: STREET 1: 1270 STREET 2: 1270 EAGAN INDUSTRIAL ROAD CITY: ST PAUL STATE: MN ZIP: 55121 BUSINESS PHONE: 6124561400 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KOHLER GARY S CENTRAL INDEX KEY: 0001045714 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O CHOICETEL COMMUNICATIONS INC STREET 2: 9724 10TH AVENUE NORTH CITY: PLYMOUTH STATE: MN ZIP: 55441 BUSINESS PHONE: 6125441260 MAIL ADDRESS: STREET 1: C/O CHOICETEL COMMUNICATIONS INC STREET 2: 9724 10TH AVENUE NORTH CITY: PLYMOUTH STATE: MN ZIP: 55441 SC 13D/A 1 SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 1 Printware, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 742580-10-3 - -------------------------------------------------------------------------------- (CUSIP Number) Robert T. Montague Robins, Kaplan, Miller & Ciresi 800 LaSalle Avenue, Suite 2800 Minneapolis, MN 55408 612-349-8500 (Name, Address and Telephone Number of Person Authorized to receive Notices and Communications) January 12, 2000 - -------------------------------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page should 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). 2 Page ___ of ___ Pages CUSIP No. 742580-10-3 (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Pyramid Trading Limited Partnership 36-3723624 - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ x ] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Illinois - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 0 shares Shares Bene- -------------------------------------------------------------- ficially (8) Shared Voting Power 143,400 shares Owned by -------------------------------------------------------------- Each Report- (9) Sole Dispositive Power 0 shares ing Person -------------------------------------------------------------- With (10) Shared Dispositive Power 143,400 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 143,400 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 4.4 % - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) BD, PN, IV - -------------------------------------------------------------------------------- 3 Page ___ of ___ Pages CUSIP No. 742580-10-3 (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Oakmont Investments, LLC 36-3996171 - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ x ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds N/A - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Illinois - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 0 shares Shares Bene- -------------------------------------------------------------- ficially (8) Shared Voting Power 143,400 shares Owned by -------------------------------------------------------------- Each Report- (9) Sole Dispositive Power 0 shares ing Person -------------------------------------------------------------- With (10) Shared Dispositive Power 143,400 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 143,400 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 4.4 % - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO, IV - -------------------------------------------------------------------------------- 4 Page 1 of ___ Pages CUSIP No. 742580-10-3 (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Daniel Asher ###-##-#### - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ x ] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds N/A - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 0 shares Shares Bene- -------------------------------------------------------------- ficially (8) Shared Voting Power 143,400 shares Owned by -------------------------------------------------------------- Each Report- (9) Sole Dispositive Power 0 shares ing Person -------------------------------------------------------------- With (10) Shared Dispositive Power 143,400 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 143,400 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 4.4 % - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- 5 Page ___ of ___ Pages CUSIP No. 742580-10-3 (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Gary Kohler - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ x ] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds PF - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 7,500 shares Shares Bene- -------------------------------------------------------------- ficially (8) Shared Voting Power 0 shares Owned by -------------------------------------------------------------- Each Report- (9) Sole Dispositive Power 7,500 shares ing Person -------------------------------------------------------------- With (10) Shared Dispositive Power 0 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 7,500 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.2 % - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- 6 Page ___ of ___ Pages CUSIP No. 742580-10-3 (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Andrew Redleaf ###-##-#### - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ x ] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds PF - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 108,300 shares Shares Bene- -------------------------------------------------------------- ficially (8) Shared Voting Power 0 shares Owned by -------------------------------------------------------------- Each Report- (9) Sole Dispositive Power 108,300 shares ing Person -------------------------------------------------------------- With (10) Shared Dispositive Power 0 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 108,300 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 3.3 % - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- 7 This Amendment No. 1 ("Amendment No. 1") amends the Statement on Schedule 13D (the "Schedule 13D") filed on December 29, 1999 by Pyramid Trading Limited Partnership, Oakmont Investments, LLC, Daniel Asher, Gary Kohler and Andrew Redleaf (collectively the "Reporting Persons") with respect to their beneficial ownership of common stock, without par value (the "Common Stock") of Printware, Inc. (the "Company"). Capitalized terms used herein and not defined have the meanings ascribed thereto in the Schedule 13D. Items 3 and 5 of Schedule 13D are amended in their entirety herewith to read as follows. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION From 1/10/00 to 1/18/00 PT purchased an aggregate of 38,200 additional shares of Common Stock of the Company for an aggregate consideration of $100,825 (not including brokerage commissions). PT acquired such shares using working capital. 8 Page ____ of _____ pages ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons have acquired the Common Stock described herein in order to obtain an equity position in the Company. GK and AR have expressed their opinion to management of the Company that it should commence a Dutch Auction to purchase up to one million of its own shares as a means to address the Company's overcapitalized balance sheet. The Reporting Persons intend to closely monitor the performance of the Company and its management, and to evaluate their position in order to determine the advisability of further action with respect to the Company. The Reporting Persons do not presently intend to seek control of the Company, nor do they presently intend to (i) make a proposal to the Company for a merger or business combination; (ii) nominate individuals selected by the Reporting Persons as candidates for the Board of Directors of the Company and solicit proxies from the Company's shareholders to vote for such nominees or otherwise take action to reconstitute the Board of Directors; (iii) acquire additional shares of Common stock; or (iv) enter into arrangements with third parties who may be interested in joining with the Reporting Persons to acquire control of the Company, which arrangements may contemplate the sale or disposition of portions of the Company's assets to such third parties after control is obtained. The Reporting Persons may attempt to dispose of the Common Stock in the open market, in privately negotiated transactions or otherwise. Depending upon the course of action that the Reporting Persons pursue, the possible activities of the Reporting Persons are subject to change at any time and there is no assurance that the Reporting Persons will purchase additional Common Stock or change its present intent not to seek to influence or obtain control of the Company. Except as set forth above, the Reporting Persons have no present plans or intentions which would result in or relate to any of the transactions described in Item 4 of Schedule 13D. 9 Page ____ of _____ pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of January 18, 2000, the Reporting Persons beneficially owned the amounts of Common Stock respectively set forth below. The percentage set forth below represents the percentage of the outstanding shares of Common Stock based on 3,269,494 shares outstanding as of October 28, 1998 as set forth in the Company's Form 10Q for the quarter ended October 2, 1999.
Reporting Shares of Percent of Person Common Stock Outstanding Common Stock --------- ------------ ------------------------ PT, OI, DA 143,400 4.4% GK 7,500 0.2 AR 108,300 3.3
As of January 18, 2000, the Reporting Persons beneficially owned an aggregate of 259,200 shares of Common Stock. (b) The information set forth in Items 7 through 11 of the cover pages hereto is incorporated herein by reference. (c) The information concerning transactions in the Common Stock effected by the Reporting Persons during the past sixty (60) days is set forth in Appendix A hereto and incorporated herein by reference. All of transactions were open market transactions. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH RESPECT TO THE SECURITIES OF THE ISSUER NONE ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 1. Agreement dated as of January 18, 2000 by and among the signatories of this Amendment No. 1 to Schedule 13D with respect to its filing. 10 Page ____ of ____ pages SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 24, 2000 PYRAMID TRADING LIMITED PARTNERSHIP BY OAKMONT INVESTMENTS, LLC ITS GENERAL PARTNER BY /S/ Daniel Asher ------------------------------------------- Daniel Asher, Manager, Oakmont Investments, LLC OAKMONT INVESTMENTS, LLC BY /S/ Daniel Asher ------------------------------------------- Daniel Asher, Manager /s/ Daniel Asher ------------------------------------------------ DANIEL ASHER /s/ Gary Kohler ------------------------------------------------ GARY KOHLER /s/ Andrew Redleaf ------------------------------------------------ ANDREW REDLEAF 11 Page _____ of _____ pages APPENDIX A Transactions By the Reporting Persons in Printware, Inc. Common Stock During the Past 60 Days PYRAMID TRADING LIMITED PARTNERSHIP
Date # of Shares Bought Price Per Share ($) Total Cost ($)* - ---- ------------------ ------------------- --------------- 12/03/99 10,000 2.13 21,250 12/06/99 5,000 2.13 10,625 12/06/99 1,900 2.13 4,038 12/06/99 3,100 2.13 6,588 12/07/99 5,000 2.13 10,625 12/07/99 4,400 2.13 9,350 12/07/99 600 2.13 1,275 12/09/99 2,000 2.13 4,250 12/10/99 5,000 2.13 10,625 12/10/99 45,000 2.13 96,625 12/14/99 5,000 2.15 10,750 12/16/99 3,200 2.13 6,800 12/16/99 15,000 2.13 31,875 1/10/00 2,200 2.31 5,088 1/11/00 21,000 2.31 48,563 1/12/00 12,000 2.31 27,750 1/14/00 2,500 2.31 5,781 1/18/00 500 2.31 1,156
GARY KOHLER
Date # of Shares Bought Price Per Share ($) Total Cost ($)* - ---- ------------------ ------------------- --------------- 10/22/99 7,500 2.05 15,375
12 Page ______ of _______ pages ANDREW REDLEAF
Date # of Shares Bought Price Per Share ($) Total Cost ($)* - ---- ------------------ ------------------- --------------- 10/28/99 1,100 2.07 2,280 11/01/99 10,000 2.06 20,637 11/04/99 20,000 2.12 42,430 11/15/99 10,000 2.06 20,612 11/16/99 1,100 2.06 2,267 11/17/99 10,000 2.05 20,512 11/18/99 3,000 2.05 6,150 11/22/99 6,800 2.17 14,780 12/02/99 16,300 2.19 35,776 12/05/99 10,000 2.19 21,874
- --------------- *Commissions not included. EXHIBIT INDEX EXHIBIT NO. DOCUMENT 1 Agreement, dated as of January 18, 2000, by and among the signatories of this Amendment No. 1 to Schedule 13D with respect to its filing. EX-1 2 AGREEMENT DATED AS JANUARY 18, 2000 1 Page ______of ______ pages EXHIBIT 1 AGREEMENT This will confirm the agreement by and among all the undersigned that the Amendment No. 1 to Schedule 13D filed on or about this date with respect to the beneficial ownership of the undersigned of shares of Common Stock of Printware, Inc. is being filed on behalf of each of the persons and entities named below. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Date: January 18, 2000 PYRAMID TRADING LIMITED PARTNERSHIP BY OAKMONT INVESTMENTS, LLC ITS GENERAL PARTNER BY /S/ Daniel Asher ----------------------------------------- Daniel Asher, Manager, Oakmont Investments, LLC OAKMONT INVESTMENTS, LLC BY /S/ Daniel Asher ----------------------------------------- Daniel Asher, Manager /s/ Daniel Asher ---------------------------------------------- DANIEL ASHER /s/ Gary Kohler ---------------------------------------------- GARY KOHLER /s/ Andrew Redleaf ---------------------------------------------- ANDREW REDLEAF -----END PRIVACY-ENHANCED MESSAGE-----