-----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, G87QfQ3TC15QHYYRmknHVVAFRkz2GZCR8o8mPNdxOujOtUobwm6591a1o4T59bka ycHSZeRyd4P7YWVShXwm3Q== 0000890587-98-000109.txt : 19980224 0000890587-98-000109.hdr.sgml : 19980224 ACCESSION NUMBER: 0000890587-98-000109 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980223 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NACT TELECOMMUNICATIONS INC CENTRAL INDEX KEY: 0001027600 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 870378662 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-52187 FILM NUMBER: 98547076 BUSINESS ADDRESS: STREET 1: 191 WEST 5200 N CITY: PROVO STATE: UT ZIP: 84604 BUSINESS PHONE: 8018023000 MAIL ADDRESS: STREET 1: 191 WEST 5200 NORTH CITY: PROVO STATE: UT ZIP: 84604 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MENTOR PARTNERS LP CENTRAL INDEX KEY: 0000904197 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 061260469 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 500 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-935-7640 MAIL ADDRESS: STREET 1: 499 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. _____)1 NACT Telecommunications, Inc. (Name of Issuer) Common Stock, $.01 par value (Title of Class of Securities) 62872G109 (Cusip Number) Daniel R. Tisch c/o Mentor Partners, L.P. 500 Park Avenue New York, New York 10022 (212) 935-7640 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 12, 1998 (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 [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) 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. - --------------------- 1The remainder of this cover page shall be filled out for a reporting persons'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.). Page 1 of 11 Pages SCHEDULE 13D CUSIP No. 62872G109 Page 2 of 11 Pages -------------- ------- ------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mentor Partners, L.P. Employer I.D.# 06-126-0469 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 437,200 - -------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 - -------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 437,200 PERSON - -------------------------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 437,200 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 11 Pages Item 1. Security and Issuer. This statement relates to shares (the "Shares") of the Common Stock, $.01 par value, of NACT Telecommunications, Inc., a Delaware corporation (the "Company"). The Company's principal executive offices are located at 191 West 5200 North, Provo, Utah 84604. Item 2. Identity and Background. This statement is filed on behalf of Mentor Partners, L.P., a Delaware limited partnership (the "Partnership") with respect to Shares of the Company (a) owned by the Partnership and (b) owned by Mentor Offshore Fund Limited ("Offshore"), a Cayman Islands company. The general partner of the Partnership is WTG & Co., L.P., a Delaware limited partnership (the "General Partner") and the general partner of the General Partner is D. Tisch & Co., Inc., a Delaware corporation ("D. Tisch & Co."), all of the common stock of which is owned by Daniel R. Tisch (collectively with D. Tisch & Co. and the General Partner, the "Control Persons"). The address of the principal offices and principal business of the Partnership and each of the Control Persons is 500 Park Avenue, New York, New York 10022. The Partnership's principal business is investment in securities, primarily in connection with "merger" (or "risk") arbitrage and, to a lesser extent, classic arbitrage, including convertible Page 3 of 11 Pages securities arbitrage. The principal business of the General Partner is serving as the general partner of the Partnership. The General Partner acts as the investment advisor to Offshore and votes shares held by Offshore. The sole business of D. Tisch & Co. is serving as the general partner of the General Partner, and other than such service, D. Tisch & Co. has no investment or operating history of any kind. Daniel R. Tisch's principal occupation is that of President and sole Director of D. Tisch & Co., and he is a United States citizen. Neither the Partnership nor, to its best knowledge, any of the Control Persons has during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. The $6,453,391.02 used to purchase Shares of the Company for the Partnership came from the Partnership's working capital, which may at any given time include funds borrowed in the ordinary course of its business activities from margin accounts. All Shares of the Company acquired by the Partnership were purchased Page 4 of 11 Pages in the ordinary course of business. The $597,647.37 used to purchase Shares of the Company for Offshore was furnished from Offshore's investment capital, which at any given time include funds borrowed in the ordinary course of its business activities from margin accounts. All of the Shares of the Company acquired for Offshore were purchased in the ordinary course of business. Item 4. Purpose of Transaction. The Partnership and Offshore acquired the Shares of the Company for investment purposes, and only in the ordinary course of business. In the ordinary course of business, the Partnership and/or Offshore from time to time evaluate their holdings of securities, and based on such evaluation, the Partnership and/or Offshore may determine to acquire or dispose of securities of specific issuers. Neither the Partnership nor, to its knowledge, any of the Control Persons or Offshore have any present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. tem 5. Interest in Securities of the Issuer. (a) As of the date hereof, the Partnership owns Page 5 of 11 Pages beneficially an aggregate of 400,000 Shares of the Company (or approximately 4.9% of the Company's Common Stock outstanding on February 13, 1998) and the Partnership may be deemed to own beneficially an aggregate of an additional 37,200 Shares of the Company (or 0.5% of the Company common stock outstanding on February 13, 1998) owned by Offshore, in each case based on the number of 8,129,096 Shares of Company Common Stock then outstanding as set forth in the Company's most recent filing with the Securities and Exchange Commission. (b) The Partnership (through the Control Persons) has the sole power to vote, and dispose of, all the Shares beneficially owned by the Partnership. In addition, the General Partner is a party to investment management agreements pursuant to which the General Partner has investment responsibility with respect to the Company's Shares owned by Offshore. Pursuant to such agreements, Mr. Tisch has the power to dispose of (or to direct the disposition of) the Shares of the Company owned by Offshore. (c) Except as set forth in Exhibit A, which is hereby incorporated herein by reference, no transactions in the Shares have been effected during the past sixty days by the Partnership or, to its best knowledge, any of the Control Persons or Offshore. (d) Neither the Partnership nor, to its best knowledge, any of the Control Persons or Offshore have or know any Page 6 of 11 Pages other person who has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Shares beneficially owned by the Partnership or Offshore. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationship with Respect to Securities of the Issuer. Except as referred or described above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 or between any of such persons and any other person with respect to any securities of the Company. Item 7. Material to be Filed as Exhibits. Exhibit A -- Acquisitions of Shares by the Partnership and Offshore During the Past Sixty Days. Page 7 of 11 Pages 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. February 20, 1998 ------------------------ (Date) /s/ Daniel Tisch ------------------------ (Signature) Daniel R. Tisch Authorized Signatory MENTOR PARTNERS, L.P. ------------------------- (Name/Title) Page 8 of 11 Pages EXHIBIT INDEX ------------- Exhibit A -- Acquisitions of Shares by the Partnership and Offshore During the Past Sixty Days. Page 9 of 11 Pages EXHIBIT A --------- Acquisitions of Shares by the Partnership and Offshore During the Past Sixty Days ----------------------------------------- Date of Number Aggregate Price Per Entity Transaction of Shares Price Share ------ ----------- --------- --------- --------- Partnership January 6, 1998 35,000 559,709.50 15.992 January 7, 1998 25,000 405,687.50 16.228 January 7, 1998 40,000 645,520.00 16.138 January 8, 1998 15,000 244,350.00 16.290 January 8, 1998 26,000 423,280.00 16.280 January 9, 1998 16,000 258,171.20 16.136 January 9, 1998 20,000 319,350.00 15.968 January 12, 1998 10,000 155,213.00 15.521 January 12, 1998 8,400 130,428.48 15.527 January 13, 1998 17,900 280,108.15 15.649 January 13, 1998 22,300 351,624.17 15.768 January 14, 1998 25,000 392,907.50 15.716 January 22, 1998 9,500 157,317.15 16.560 January 22, 1998 2,400 39,672.00 16.530 January 23, 1998 10,000 165,400.00 16.540 January 26, 1998 14,500 239,322.50 16.505 January 27, 1998 13,300 216,031.90 16.243 January 27, 1998 800 12,929.52 16.162 January 28, 1998 1,000 16,165.00 16.165 January 29, 1998 2,000 32,185.00 16.093 February 3, 1998 1,000 16,165.00 16.165 February 4, 1998 400 6,466.00 16.165 February 5, 1998 3,200 52,128.00 16.290 February 9, 1998 31,300 516,496.95 16.502 February 10, 1998 5,000 82,700.00 16.540 February 12, 1998 45,000 734,062.50 16.313 Page 10 of 11 Pages Offshore January 6, 1998 9,100 145,524.47 15.992 January 7, 1998 1,900 30,662.20 16.138 January 8, 1998 4,000 65,120.00 16.280 January 12, 1998 5,000 77,636.00 15.527 January 13, 1998 2,500 39,121.25 15.649 January 13, 1998 2,500 39,419.75 15.768 January 22, 1998 1,000 16,530.00 16.530 January 23, 1998 3,500 57,855.00 16.530 January 26, 1998 500 8,252.50 16.505 January 27, 1998 1,000 16,161.90 16.162 February 9, 1998 1,200 19,801.80 16.502 February 12, 1998 5,000 81,562.50 16.313 ================================================================================ All Shares acquired by the Partnership and Offshore were purchased in transactions on the over-the-counter market. 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