-----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, J1mNi+K5F/vVYSJmL7HlfjUahnIpqiB3dnj+oS0OmzHkr9LV9BeDWXk9C8Ze5IV1 EIXJtNrKNbYNKmM3AazaaQ== 0001013594-00-000007.txt : 20000202 0001013594-00-000007.hdr.sgml : 20000202 ACCESSION NUMBER: 0001013594-00-000007 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000110 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ILLINOIS SUPERCONDUCTOR CORPORATION CENTRAL INDEX KEY: 0000888693 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 363688459 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 000-22302 FILM NUMBER: 504832 BUSINESS ADDRESS: STREET 1: 451 KINGSTON CT CITY: MOUNT PROSPECT STATE: IL ZIP: 60056 BUSINESS PHONE: 8473919400 MAIL ADDRESS: STREET 1: 451 KINGSTON COURT CITY: MT PROSPECT STATE: IL ZIP: 60056 COMPANY DATA: COMPANY CONFORMED NAME: ELLIOTT ASSOCIATES LP CENTRAL INDEX KEY: 0000904495 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] OWNER IRS NUMBER: 222140975 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 712 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125062999 MAIL ADDRESS: STREET 1: ELLIOTT ASSOCIATES LP STREET 2: 712 5TH AVE CITY: NEW YORK STATE: NY ZIP: 10019 4 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b) FORM 4 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 1. Name and Address of Reporting Person Elliott Associates, L.P. 712 Fifth Avenue New York, New York 10019 2. Issuer Name and Ticker Trading Symbol Illinois Superconductor Corporation (ISCO) 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for (Month/Day/Year) 12/99 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person to Issuer (Check all applicable) [x] Director [ ] Officer (give title below) [ ] Chairman [x] 10% Owner [ ] Other (specify below) 7. Individual or Joint/Group Filing (Check applicable line) [x] Form filed by one Reporting Person [ ] Form filed by more than one Reporting Person (Page 1 of 7) Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) (a) - (w) Common Stock 2. Transaction Date (Month/Day/Year) (a) 12/01/99 (b) 12/02/99 (c) 12/02/99 (d) 12/03/99 (e) 12/06/99 (f) 12/07/99 (g) 12/09/99 (h) 12/10/99 (i) 12/13/99 (j) 12/14/99 (k) 12/15/99 (l) 12/16/99 (m) 12/17/99 (n) 12/20/99 (o) 12/21/99 (p) 12/22/99 (q) 12/27/99 (r) 12/29/99 (s) 12/30/99 (t) 12/31/99 (u) 12/06/99 (v) 12/14/99 (w) 12/31/99 3. Transaction Code (Inst. 8) (a) S (b) S (c) S (d) S (e) S (f) S (g) S (h) S (i) S (j) S (k) S (l) S (m) S (n) S (o) S (p) S (q) S (r) S (s) S (t) S (u) C (v) C (w) C (Page 2 of 7) V 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount: (a) 5,000 (b) 5,000 (c) 100,000 (d) 25,000 (e) 35,000 (f) 1,500 (g) 20,000 (h) 15,000 (i) 132,500 (j) 180,000 (k) 55,000 (l) 60,000 (m) 17,500 (n) 15,000 (o) 37,500 (p) 12,500 (q) 15,000 (r) 10,000 (s) 75,000 (t) 30,000 (u) 309,417 (v) 257,958 (w) 516,388 (A) or (D): (a) D (b) D (c) D (d) D (e) D (f) D (g) D (h) D (i) D (j) D (k) D (l) D (m) D (n) D (o) D (p) D (q) D (r) D (s) D (t) D (u) A (v) A (w) A (Page 3 of 7) Price: (a) $.4400 (b) $.4690 (c) $.4451 (d) $.4400 (e) $.4400 (f) $.4400 (g) $.4288 (h) $.4200 (i) $.4300 (j) $.4497 (k) $.4245 (l) $.4200 (m) $.4200 (n) $.4200 (o) $.3907 (p) $.4000 (q) $.3700 (r) $.3600 (s) $.3800 (t)$1.7353 (u) $.2500 (v) $.2500 (w) $.2500 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) (a) - (w) 546,937 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) (a) - (w) D 7. Nature of Indirect Beneficial Ownership (Instr. 4) Not Applicable. Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Page 4 of 7) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g. puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) (a) 2% Senior Convertible Notes due May 15, 2002 (b) 2% Senior Convertible Notes due May 15, 2002 (c) 2% Senior Convertible Notes due May 15, 2002 (d) 10% Convertible Notes due January 2,2001 (e) 10% Warrants (f) Option to Purchase 2. Conversion or Exercisable Price of Derivative Security (a) $.25 (b) $.25 (c) $.25 (d) $.25 (e) $.25 (f) $1,388,890* 3. Transaction Date (Month/Day/Year) (a) 12/06/99 (b) 12/14/99 (c) 12/31/99 (d) 12/29/99 (e) 12/29/99 (f) 12/29/99 4. Transaction Code (Instr. 8) Code (a) C (b) C (c) C (d) X (e) X (f) X V 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) (A) (d) $277,778 face amount (e) 111,111 (D) (a) $75,000 face amount plus accrued interest thereon (b) $62,500 face amount plus accrued interest thereon (c) $125,000 face amount plus accrued interest thereon (f) $277,778 face amount of 10% Convertible Notes and 111,111 10% Warrants (portion of Option disposed of) (Page 5 of 7) 6. Date Exercisable and Expiration Date (Month/Day/Year) Date Exercisable: (a) Immediately (b) Immediately (c) Immediately (d) Immediately (e) Immediately (f) Immediately Expiration Date: (a) 05/15/02 (b) 05/15/02 (c) 05/15/02 (d) 01/02/01 (e) 11/05/04 (f) 08/05/00 7. Title and Amount of Underlying Securities (Instr. 3 and 4) Title: (a) Common Stock (b) Common Stock (c) Common Stock (d) Common Stock (e) Common Stock (f) 10% Convertible Notes and 10% Warrants Amount or Number of Shares: (a) 309,417 (b) 257,958 (c) 516,388 (d) 1,111,112 (e) 111,111 (f) $277,778 face amount of 10% Convertible Notes and 111,111 10% Warrants (portion of Option disposed of) 8. Price of Derivative Security (Inst. 5) (a) $.25 (b) $.25 (c) $.25 (d) and (e) $277,778# (f) $277,778 9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4) (a), (b) and (c) $723,611 face amount (d) $555,556 face amount (e) 222,222 (f) $1,111,112 face amount of 10% Convertible Notes and 444,445 10% Warrants (Page 6 of 7) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) (a) D (b) D (c) D (d) D (e) D (f) D 11. Nature of Indirect Beneficial Ownership (Instr. 4) Not Applicable. Explanation of Responses: * Represents exercise price for entire Option prior to the partial exercise reported on this Form 4. # Aggregate price as Option must be exercised for both 10% Convertible Notes and 10% Warrants **Intentional misstatement or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Date: January 10, 2000 ELLIOTT ASSOCIATES, L.P. By: /s/ Paul E. Singer Paul E. Singer General Partner **Signature of Reporting Person (Page 7 of 7) -----END PRIVACY-ENHANCED MESSAGE-----