-----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, TusaZg33wEQFEmpwdcYyLY83/JXWw5eW8+XMBM+ZEAuvk+hDvu/OZaYbYeIL7iQD rYh1/yL8b7sXOjLRL4J2yQ== 0000899140-96-000221.txt : 19960424 0000899140-96-000221.hdr.sgml : 19960424 ACCESSION NUMBER: 0000899140-96-000221 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960423 SROS: NASD GROUP MEMBERS: JONATHAN L. STEINBERG GROUP MEMBERS: WISDOM TREE CAPITAL MANAGEMENT INC GROUP MEMBERS: WISDOMTREE ASSOCIATES, L.P. GROUP MEMBERS: WISDOMTREE OFFSHORE, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TARGET TECHNOLOGIES INC CENTRAL INDEX KEY: 0000835585 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 061170506 STATE OF INCORPORATION: NY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45431 FILM NUMBER: 96549712 BUSINESS ADDRESS: STREET 1: 6714 NETHERLANDS DRIVE CITY: WILMINGTON STATE: NC ZIP: 28405 BUSINESS PHONE: 3036970467 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WISDOM TREE CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001011300 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133729429 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1633 BROADWAY STREET 2: 38TH FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2128432777 MAIL ADDRESS: STREET 1: 1633 BROADWAY STREET 2: 38TH FL CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 AMENDMENT NO.1 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 1) Under the Securities Exchange Act of 1934 Target Technologies, Inc. - ------------------------------------------------------------------------------ (Name of Issuer) Common Stock, Par Value $0.01 - ------------------------------------------------------------------------------ (Title of Class of Securities) 87612N106 - ------------------------------------------------------------------------------ (CUSIP Number of Class of Securities) Patricia Renda WisdomTree Associates, L.P. 1633 Broadway, 38th Floor New York, New York 10019 (212) 843-2782 - ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copies to: Roger D. Blanc Willkie Farr & Gallagher 153 East 53rd Street New York, NY 10022 (212) 821-8000 April 16, 1996 - ------------------------------------------------------------------------------ (Date of Event which Requires Filing of this Schedule) 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: |_| Check the following box if a fee is being paid with this statement: |_| 2 SCHEDULE 13D - ---------------------------------------------------- ------------------------------------------- CUSIP No. 87612N106 Page 2 of 12 Pages --------------------------------------- ------- ------- - ---------------------------------------------------- ------------------------------------------- - ---- ------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WisdomTree Capital Management, Inc. I.D. #13-3729429 - ---- ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - ---- ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------------------------------------------------ - ---- 4 SOURCE OF FUNDS* AF - ---- ------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ---- ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------- --------- ---------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 shares of Common Stock --------- ---------------------------------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 280,000 shares of Common Stock OWNED BY EACH REPORTING PERSON WITH --------- ---------------------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 shares of Common Stock --------- ---------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 280,000 shares of Common Stock - ---- ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 280,000 shares of Common Stock - ---- ------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---- ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% - ---- ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* CO - ---- ------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 SCHEDULE 13D - ---------------------------------------------------- ------------------------------------------- CUSIP No. 87612N106 Page 3 of 12 Pages --------------------------------------- ------- ------- - ---------------------------------------------------- ------------------------------------------- - ---- ------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WisdomTree Associates, L.P. - ---- ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - ---- ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ---- ------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* WC - ---- ------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ---- ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------- --------- ---------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 shares of Common Stock --------- ---------------------------------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 240,000 shares of Common Stock OWNED BY EACH REPORTING PERSON WITH --------- ---------------------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 shares of Common Stock --------- ---------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 240,000 shares of Common Stock - ---- ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 240,000 shares of Common Stock - ---- ------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---- ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.5% - ---- ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ---- ------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 4 SCHEDULE 13D - ---------------------------------------------------- ------------------------------------------- CUSIP No. 87612N106 Page 4 of 12 Pages --------------------------------------- ------- ------- - ---------------------------------------------------- ------------------------------------------- - ---- ------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WisdomTree Offshore, Ltd. - ---- ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - ---- ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ---- ------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* WC - ---- ------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ---- ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------- --------- ---------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 shares of Common Stock --------- ---------------------------------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 40,000 shares of Common Stock OWNED BY EACH REPORTING PERSON WITH --------- ---------------------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 shares of Common Stock --------- ---------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 40,000 shares of Common Stock - ---- ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 40,000 shares of Common Stock - ---- ------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---- ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% - ---- ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* OO - ---- ------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 5 SCHEDULE 13D - ---------------------------------------------------- ------------------------------------------- CUSIP No. 87612N106 Page 5 of 12 Pages --------------------------------------- ------- ------- - ---------------------------------------------------- ------------------------------------------- - ---- ------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jonathan L. Steinberg I.D. ####-##-#### - ---- ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - ---- ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------------------------------------------------ - ---- 4 SOURCE OF FUNDS* AF - ---- ------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ---- ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------- --------- ---------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 shares of Common Stock --------- ---------------------------------------------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 280,000 shares of Common Stock OWNED BY EACH REPORTING PERSON WITH --------- ---------------------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 shares of Common Stock --------- ---------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 280,000 shares of Common Stock - ---- ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 280,000 shares of Common Stock - ---- ------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---- ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% - ---- ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - ---- ------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
6 This Amendment No. 1, dated April 22, 1996, to the Schedule 13D dated March 20, 1996 (the "Schedule 13D"), filed on behalf of WisdomTree Associates, L.P. (the "Partnership"), WisdomTree Capital Management, Inc. (the "General Partner"), WisdomTree Offshore, Ltd. ("WisdomTree Offshore") and Jonathan L. Steinberg ("Mr. Steinberg" and collectively, the "Reporting Entities"), relates to the Common Stock, par value $0.01 per share (the "Common Stock") of Target Technologies, Inc., a New York corporation (the "Company") and is being filed pursuant to Rule 13d-2 under the Securities and Exchange Act of 1934, as amended. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is hereby amended and restated as set forth below: The 240,000 shares of Common Stock acquired by the Partnership (the "Partnership Purchases") were acquired in brokered transactions for an aggregate purchase price of $1,715,160.15. The 40,000 shares of Common Stock purchased by WisdomTree Offshore (the "Offshore Purchases") were acquired in brokered transactions for an aggregate purchase price of $272,850. The source of funds for the Partnership Purchases was investment capital contributed by the Partnership. The source of funds for the Offshore Purchases was investment capital contributed by WisdomTree Offshore. 7 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and restated as set forth below: (a) As of April 17, 1996, the Partnership beneficially owned a total of 240,000 shares of the Common Stock of the Company, the General Partner beneficially owned a total of 280,000 shares of the Common Stock of the Company, WisdomTree Offshore beneficially owned a total of 40,000 shares of the Common Stock of the Company and Mr. Steinberg beneficially owned a total of 260,000 shares of the Common Stock of the Company, constituting 5.5%, 6.4%, 0.9% and 6.4%, respectively, of the shares of Common Stock then outstanding, based on 4,347,293 shares of Common Stock outstanding as disclosed in the Company's quarterly report on Form 10-Q for the quarter ended November 30, 1995. As of April 17, 1996, the Reporting Entities beneficially owned a total of 280,000 shares of the Common Stock of the Company, constituting 6.4% of the shares of Common Stock then outstanding. To the best of the knowledge of the Reporting Entities, none of the individuals listed on Schedule A, with the exception of Mr. Steinberg, beneficially owns any shares of the Common Stock of the Company, except pursuant to their interests in the Partnership, the General Partner and WisdomTree Offshore. (b) The Partnership, the General Partner, Mr. Steinberg and Russell Anmuth, a Vice President of the Investment Manager, co-manager of the Partnership and co-manager of WisdomTree Offshore, share voting and dispositive power with respect to 240,000 shares of Common Stock. WisdomTree Offshore, 8 the General Partner, Mr. Steinberg and Mr. Anmuth share voting and dispositive power with respect to 40,000 shares of Common Stock. To the best of the knowledge of the Reporting Entities, none of the individuals listed on Schedule A, with the exception of Mr. Steinberg and Mr. Anmuth, has any voting or dispositive power with respect to shares of Common Stock. (c) Information concerning transactions in Common Stock effected by the Reporting Entities since the filing of the Schedule 13D on March 20, 1996 is set forth in Schedule B hereto and is incorporated by reference. Except as set forth in Schedule B, no transactions in Common Stock have been effected by any of the Reporting Entities or, to the best of the knowledge of the Reporting Entities, by any of the persons identified in Schedule A since the filing of the Schedule 13D on March 20, 1996. (d) Not applicable. (e) Not applicable. 9 SCHEDULE A The following table sets forth the name and principal employment of each of the officers and directors of WisdomTree Capital Management, Inc., Individual Investor Group, Inc. and WisdomTree Offshore, Ltd., as well as the business address of each director of such entities not employed by such entities. WisdomTree Capital Management, Inc. Position Jonathan L. Steinberg Chairman, Chief Executive Officer, Treasurer and Director Robert Schmidt President and Director Scot Rosenblum Vice President, Secretary and Director Russell Anmuth Vice President Individual Investor Group, Inc. Position Jonathan L. Steinberg Chairman, Chief Executive Officer and Director Robert Schmidt President, Chief Operating Officer and Director Scot Rosenblum Vice President, Secretary and Director Henry Clark Controller and Assistant Secretary Peter M. Ziemba Assistant Secretary Bruce Sokoloff Director; Executive Vice President, Reliance Group Holdings, Inc., 55 East 52nd Street, New York, New York 10055 WisdomTree Offshore, Ltd. Position Jonathan L. Steinberg Vice President Scot Rosenblum Chairman, Vice President and Director 10 Christopher Wetherhill President and Director; Chief Executive Officer, The Hemisphere Group Limited, Hemisphere House, 9 Church Street, Hamilton, Bermuda Charles Quin Director; Partner, Quin & Hampson, George Town, Grand Cayman, Cayman Islands.
11 SCHEDULE B The Partnership 1. On April 16, 1996, the Partnership purchased 30,000 shares of Common Stock of the Company in brokered transactions at a price of $6.13 per share. WisdomTree Offshore 1. On April 12, 1996, WisdomTree Offshore purchased 13,000 shares of Common Stock of the Company in brokered transactions at a price of $6.63 per share. 2. On April 16, 1996, WisdomTree Offshore purchased 10,000 shares of Common Stock of the Company in brokered transactions at a price of $6.13 per share. 12 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: April 22, 1996 WISDOMTREE ASSOCIATES, L.P. By: WisdomTree Capital Management, Inc., General Partner By:/s/ Scot A. Rosenblum Name: Scot A. Rosenblum Title: Vice President Dated: April 22, 1996 WISDOMTREE CAPITAL MANAGEMENT, INC. By:/s/ Scot A. Rosenblum Name: Scot A. Rosenblum Title: Vice President Dated: April 22, 1996 WISDOMTREE OFFSHORE, LTD. By:/s/ Scot A. Rosenblum Name: Scot A. Rosenblum Title: Director Dated: April 22, 1996 By:/s/ Jonathan L. Steinberg ------------------------- Jonathan L. Steinberg -----END PRIVACY-ENHANCED MESSAGE-----