-----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, VQoWHbb/NX7+px21kuWFAL/bw44JrjbYF7qnHvn7k5h2OIN3N+fYwY1LBOk9lFpp iQg2ew49NKy3wC+ckP0sHA== 0000950131-01-001129.txt : 20010223 0000950131-01-001129.hdr.sgml : 20010223 ACCESSION NUMBER: 0000950131-01-001129 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010214 GROUP MEMBERS: CITADEL INVESTMENT GROUP, L.L.C. GROUP MEMBERS: CITADEL LIMITED PARTNERSHIP GROUP MEMBERS: FISHER CAPITAL LTD. GROUP MEMBERS: GLB PARTNERS, L.P. GROUP MEMBERS: KENNETH GRIFFIN GROUP MEMBERS: KENSINGTON GLOBAL STRATEGIES FUND, LTD. GROUP MEMBERS: WELLINGTON PARTNERS LIMITED PARTNERSHIP GROUP MEMBERS: WINGATE CAPITAL LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PIXTECH INC /DE/ CENTRAL INDEX KEY: 0000946144 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER TERMINALS [3575] IRS NUMBER: 043214691 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-49673 FILM NUMBER: 1545213 BUSINESS ADDRESS: STREET 1: AVENUE OLIVIER PERROY 13790 CITY: ROUSSET FRANCE STATE: I0 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITADEL LIMITED PARTNERSHIP CENTRAL INDEX KEY: 0000931939 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363754834 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 225 WEST WASHINGTON ST STREET 2: 9TH FL CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3126962100 MAIL ADDRESS: STREET 1: 225 W WASHINGTON ST STREET 2: STE 900 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: CITADEL INVESTMENT MANAGEMENT LP /ADV DATE OF NAME CHANGE: 19960524 FORMER COMPANY: FORMER CONFORMED NAME: CITADEL INVESTMENT MANAGEMENT LP /ADV DATE OF NAME CHANGE: 19960524 SC 13G/A 1 0001.txt AMENDMENT #2 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 2)* PixTech, Inc. ----------------------------------------------------------- (Name of Issuer) Common Stock ----------------------------------------------------------- (Title of Class of Securities) 72583K 10 9 ----------------------------------------------------------- (CUSIP Number) December 31, 2000 ----------------------------------------------------------- Date of Event Which Requires Filing of the Statement Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall 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). Page 1 of 21 ----------------------- -------------------- CUSIP NO. 72583K-10-9 13G Page 2 of 21 Pages ----------------------- -------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Citadel Limited Partnership - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Illinois Limited Partnership U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 41,495 Shares of Common Stock 18,766 Shares of Series E Preferred Stock OWNED BY (convertible into 384,382 Shares of Common Stock)/(1)(2)/ EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 7 0 PERSON ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 0.8% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 12 PN; HC - ------------------------------------------------------------------------------ /1/ See Item 4, Endnote 1. /2/ Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuer's common stock, payable in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 2 of 21 ----------------------- -------------------- CUSIP NO. 72583K-10-9 13G Page 3 of 21 Pages ----------------------- -------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name GLB Partners, L.P. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware Limited Partnership U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 41,495 Shares of Common Stock 18,766 Shares of Series E Preferred Stock OWNED BY (convertible into 384,382 Shares of Common Stock)/(1)(2)/ EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 7 0 PERSON ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 0.8% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 12 PN; HC - ------------------------------------------------------------------------------ /(1)/ See Item 4, Endnote 1. /(2)/ Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuer's common stock, payable in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 3 of 21 ----------------------- -------------------- CUSIP NO. 72583K-10-9 13G Page 4 of 21 Pages ----------------------- -------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON. 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON. Name Citadel Investment Group, L.L.C. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware Limited Liability Company U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 41,495 Shares of Common Stock 18,766 Shares of Series E Preferred Stock OWNED BY (convertible into 384,382 Shares of Common Stock)/(1)(2)/ EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 7 0 PERSON ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 0.8% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 OO; HC - ------------------------------------------------------------------------------ /(1)/ See Item 4, Endnote 1. /(2)/ Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuer's common stock, payable in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 4 of 21 ----------------------- -------------------- CUSIP NO. 72583K-10-9 13G Page 5 of 21 Pages ----------------------- -------------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS. 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Name: Kenneth Griffin - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 U.S. Citizen U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 41,495 Shares of Common Stock 18,766 Shares of Series E Preferred Stock OWNED BY (convertible into 384,382 Shares of Common Stock)/(1)(2)/ ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 0.8% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 IN - ------------------------------------------------------------------------------ /(1)/ See Item 4, Endnote 1. /(2)/ Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuer's common stock, payable in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 5 of 21 ----------------------- -------------------- CUSIP NO. 72583K-10-9 13G Page 6 of 21 Pages ----------------------- -------------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Name Wellington Partners Limited Partnership - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Illinois Limited Partnership U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 14,066 Shares of Common Stock 6,568 Shares of Series E Preferred Stock OWNED BY (convertible into 134,532 Shares of Common Stock)/(1)(2)/ ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 0.3% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN; HC - ------------------------------------------------------------------------------ /(1)/ See Item 4, Endnote 1. /(2)/ Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuer's common stock, payable in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 6 of 21 ----------------------- -------------------- CUSIP NO. 72583K-10-9 13G Page 7 of 21 Pages ----------------------- -------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Wingate Capital Ltd. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands Company - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 14,066 Shares of Common Stock 6,568 Shares of Series E Preferred Stock OWNED BY (convertible into 134,532 Shares of Common Stock)/(1)(2)/ ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 0.3% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO - ------------------------------------------------------------------------------ /(1)/ See Item 4, Endnote 1. /(2)/ Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuer's common stock, payable in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 7 of 21 ----------------------- -------------------- CUSIP NO. 72583K-10-9 13G Page 8 of 21 Pages ----------------------- -------------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Name Kensington Global Strategies Fund, Ltd. ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Bermuda Company - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 27,429 Shares of Common Stock 12,198 Shares of Series E Preferred Stock OWNED BY (convertible into 249,850 Shares of Common Stock)/(1)(2)/ EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 7 0 PERSON ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 0.5% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO - ------------------------------------------------------------------------------ /(1)/ See Item 4, Endnote 1. /(2)/ Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuer's common stock, payable in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 8 of 21 ----------------------- -------------------- CUSIP NO. 72583K-10-9 13G Page 9 of 21 Pages ----------------------- -------------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Name Fisher Capital Ltd. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands Company - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 27,429 Shares of Common Stock 12,198 Shares of Series E Preferred Stock OWNED BY (convertible into 249,850 Shares of Common Stock)/(1)(2)/ EACH ----------------------------------------------------------- SOLE DISPOSITIVE POWER REPORTING 7 0 PERSON ----------------------------------------------------------- WITH SHARED DISPOSITIVE POWER 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 0.5% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO; HC - ------------------------------------------------------------------------------ /(1)/ See Item 4, Endnote 1. /(2)/ Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuers's common stock, payable in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 9 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 10 of 21 Pages ----------------------- --------------------- SCHEDULE 13G ------------ Item 1(a) Name of Issuer: PixTech, Inc. 1(b) Address of Issuer's Principal Executive Offices: Avenue Olivier Perroy 13790 Rousset, France Item 2(a) Name of Person Filing Item 2(b) Address of Principal Business Office Item 2(c) Citizenship Citadel Limited Partnership 225 W. Washington 9th Floor Chicago, Illinois 60606 Illinois limited partnership GLB Partners, L.P. 225 W. Washington 9th Floor Chicago, Illinois 60606 Delaware limited partnership Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Delaware limited liability company Kenneth Griffin 225 W. Washington 9th Floor Chicago, Illinois 60606 U.S. Citizen Page 10 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 11 of 21 Pages ----------------------- --------------------- Wellington Partners Limited Partnership c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Illinois limited partnership Wingate Capital Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Cayman Islands company Kensington Global Strategies Fund, Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Bermuda company Fisher Capital Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Cayman Islands company 2(d) Title of Class of Securities: Common Stock, par value $0.01 per share 2(e) CUSIP Number: 72583K-10-9 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [__] Broker or dealer registered under Section 15 of the Exchange Act; (b) [__] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [__] Insurance company as defined in Section 3(a)(19) of the Exchange Act; Page 11 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 12 of 21 Pages ----------------------- --------------------- (d) [__] Investment company registered under Section 8 of the Investment Company Act; (e) [__] An investment adviser in accordance with Rule 13d-1(b)(1) (ii)(E); (f) [__] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [__] A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G); (h) [__] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [__] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [__] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [X] Item 4 Ownership: CITADEL LIMITED PARTNERSHIP (a) Amount beneficially owned: 41,495 Shares of Common Stock 18,766 Shares of Series E Preferred Stock (convertible into 384,382 Shares of Common Stock)/(1)/ (b) Percent of Class: Approximately 0.8% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in item (a) above.) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: See item (a) above. Page 12 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 13 of 21 Pages ----------------------- --------------------- (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. GLB PARTNERS, L.P. (a) Amount beneficially owned: 41,495 Shares of Common Stock 18,766 Shares of Series E Preferred Stock (convertible into 384,382 Shares of Common Stock)/(1)/ (b) Percent of Class: Approximately 0.8% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in item (a) above.) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. Page 13 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 14 of 21 Pages ----------------------- --------------------- CITADEL INVESTMENT GROUP, L.L.C. (a) Amount beneficially owned: 41,495 Shares of Common Stock 18,766 Shares of Series E Preferred Stock (convertible into 384,382 Shares of Common Stock)/(1)/ (b) Percent of Class: Approximately 0.8% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in item (a) above.) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. KENNETH GRIFFIN (a) Amount beneficially owned: 41,495 Shares of Common Stock 18,766 Shares of Series E Preferred Stock (convertible into 384,382 Shares of Common Stock)/(1)/ (b) Percent of Class: Approximately 0.8% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in item (a) above.) Page 14 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 15 of 21 Pages ----------------------- --------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. WELLINGTON PARTNERS LIMITED PARTNERSHIP (a) Amount beneficially owned: 14,066 Shares of Common Stock 6,568 Shares of Series E Preferred Stock (convertible into 134,532 Shares of Common Stock)/(1)/ (b) Percent of Class: Approximately 0.3% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in item (a) above.) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 Page 15 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 16 of 21 Pages ----------------------- --------------------- (iv) shared power to dispose or to direct the disposition of: See item (a) above. WINGATE CAPITAL LTD. (a) Amount beneficially owned: 14,066 Shares of Common Stock 6,568 Shares of Series E Preferred Stock (convertible into 134,532 Shares of Common Stock)/(1)/ (b) Percent of Class: Approximately 0.3% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in item (a) above.) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. KENSINGTON GLOBAL STRATEGIES FUND, LTD. (a) Amount beneficially owned: 27,429 Shares of Common Stock 12,198 Shares of Series E Preferred Stock (convertible into 249,850 Shares of Common Stock)/(1)/ Page 16 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 17 of 21 Pages ----------------------- --------------------- (b) Percent of Class: Approximately 0.5% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in item (a) above.) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. FISHER CAPITAL LTD. (a) Amount beneficially owned: 27,429 Shares of Common Stock 12,198 Shares of Series E Preferred Stock (convertible into 249,850 Shares of Common Stock)/(1)/ (b) Percent of Class: Approximately 0.5% as of December 31, 2000. (Based on 55,249,857 Shares of Common Stock issued and outstanding as of November 10, 2000, plus the Common Stock issuable upon the conversion of the preferred stock referred to in item (a) above.) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: Page 17 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 18 of 21 Pages ----------------------- --------------------- See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. /(1)/ Certain securities reported herein are securities which the holders of such securities may acquire in the future through the conversion of convertible securities. Subject to the limitations described below, all or a portion of the Convertible Securities may be converted into a number of shares of Common Stock determined by dividing the Stated Value of such securities (plus, in the Issuer's discretion, an amount equal to any accrued but unpaid dividends due with respect to such securities) by the applicable conversion price ("Conversion Price"). The Conversion Price is equal to the lesser of (i) $1.61 ("Fixed Price") and (ii) the average of the closing bid price (as reported on the Nasdaq National Market System) of the Issuer's Common Stock for each of the ten trading days immediately preceding the conversion date ("Market Price"). As a result, if the Market Price is less than the Fixed Price, the Conversion Price will fluctuate depending upon the closing bid price of the Issuer's Common Stock. As a consequence, the number of shares of Common Stock into which the Convertible Securities may be converted, and consequently the number of shares of such securities which the holders of such securities may be deemed to beneficially own, may fluctuate on a daily basis based solely on the Common Stock's market price and without any action taken by the holders of such securities. None of the holders of Series E Preferred Stock reported herein may convert such securities to the extent that, after giving effect to such conversion, such holder (together with such holder's affiliates) (i) would beneficially own (as defined in Rule 13d-3, but excluding Series E Preferred Stock other than that with respect to which such determination is made) in excess of 10.00% of the outstanding shares of the Common Stock following such conversion, or (ii) would have acquired, through conversion of Series E Preferred Stock or otherwise, a number of shares which, when added to the number of shares of Common Stock beneficially owned (as defined in Rule 13d-3, but excluding Series E Preferred Stock other than that with respect to which such determination is made) at the beginning of the 60-day period ending on and including the date of such conversion, is in excess of 10.00% of the outstanding shares of the Issuer's Common Stock following such conversion during the 60-day period ending on and including such conversion date. Accordingly, the holders of such securities cannot be "beneficial owners" of more than 10.00% of the securities of Issuer within the meaning of Rule 13d-3 to the extent that the prohibitions in the foregoing sentence apply, and this Schedule shall not be construed as an admission that such holders of the securities reported herein are "beneficial owners" to such extent. Series E Preferred Stock accrue dividends at a rate of 6-10% per annum, depending on the then-current value of the Issuer's Common Stock, payable in cash or Common Stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 18 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 19 of 21 Pages ----------------------- --------------------- Item 5 Ownership of Five Percent or Less of a Class: Not Applicable. Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not Applicable. Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company: See Item 2 above. Item 8 Identification and Classification of Members of the Group: Not Applicable. Item 9 Notice of Dissolution of Group: Not Applicable. Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 19 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 20 of 21 Pages ----------------------- --------------------- After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated this 14th day of February, 2001 /s/ Kenneth Griffin ------------------- Kenneth Griffin CITADEL LIMITED PARTNERSHIP CITADEL INVESTMENT GROUP, L.L.C. By: GLB Partners, L.P., By: /s/ Kenneth Griffin its General Partner ----------------------- Kenneth Griffin, President By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin -------------------------- Kenneth Griffin, President GLB PARTNERS, L.P. WINGATE CAPITAL LTD. By: Citadel Investment Group, L.L.C., By: Citadel Limited Partnership, its General Partner its Trading Manager By: /s/ Kenneth Griffin By: GLB Partners, L.P., -------------------------- its General Partner Kenneth Griffin, President By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin -------------------------- Kenneth Griffin, President WELLINGTON PARTNERS LIMITED FISHER CAPITAL LTD. PARTNERSHIP By: Citadel Limited Partnership, By: Citadel Limited Partnership, its General Partner its Trading Manager By: GLB Partners, L.P., By: GLB Partners, L.P., its General Partner its General Partner By: Citadel Investment Group, L.L.C., By: Citadel Investment Group, L.L.C., its General Partner its General Partner By: /s/ Kenneth Griffin By: /s/ Kenneth Griffin -------------------------- -------------------------- Kenneth Griffin, President Kenneth Griffin, President Page 20 of 21 ----------------------- --------------------- CUSIP NO. 72583K-10-9 13G Page 21 of 21 Pages ----------------------- --------------------- KENSINGTON GLOBAL STRATEGIES FUND, LTD. By: Citadel Limited Partnership, its Trading Manager By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin -------------------------- Kenneth Griffin, President Page 21 of 21 -----END PRIVACY-ENHANCED MESSAGE-----