-----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, BjwI/H/ByKXG4My9Yu4TpghEZn7jxzmjY/jHHgYp8lNqAzpJbxF284fkaMI2JgRE rF+UtqGy27z30Ax/3cLKxA== 0000950144-97-002318.txt : 19970314 0000950144-97-002318.hdr.sgml : 19970314 ACCESSION NUMBER: 0000950144-97-002318 CONFORMED SUBMISSION TYPE: SC 13G/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970313 SROS: AMEX GROUP MEMBERS: CHARLES B. GANZ GROUP MEMBERS: GANZ CAPITAL MANAGEMENT INC GROUP MEMBERS: PROBITAS ADVISORS, INC. GROUP MEMBERS: THE PROBITAS FUND, L.P. GROUP MEMBERS: THE PROBITAS OFFSHORE FUND, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NOVAVAX INC CENTRAL INDEX KEY: 0001000694 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 222816046 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48948 FILM NUMBER: 00000000 BUSINESS ADDRESS: STREET 1: 8320 GUILFORD RD CITY: COLUMBIA STATE: MD ZIP: 21046 BUSINESS PHONE: 3018168160 MAIL ADDRESS: STREET 1: 12111 PARKLAWN DR STREET 2: 12111 PARKLAWN DR CITY: ROCKVILLE STATE: MD ZIP: 20852 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GANZ CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0000846601 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 231732951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2875 NE 191ST ST STREET 2: PENTHOUSE I CITY: NORTH MIAMI BEACH STATE: FL ZIP: 33180 BUSINESS PHONE: 3059360050 MAIL ADDRESS: STREET 1: 2875 NE 191ST ST STREET 2: PENTHOUSE I CITY: NORTH MIAMI BEACH STATE: FL ZIP: 33180 SC 13G/A 1 GANZ CAPITAL/ NOVAVAX SC 13G/A # 4 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.4) NOVAVAX, INC. ---------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $.01 PAR VALUE ---------------------------------------------------------------- (Title of Class of Securities) 670002 10 4 ---------------------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this 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.) (CONTINUED ON FOLLOWING PAGES) PAGE 1 OF 13 PAGES THE EXHIBIT APPEARS ON PAGE 11 2 CUSIP NO. 670002 10 4 - ------------------------------------------------------------------------------- (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Charles B. Ganz ---------------------------------------------------------------------- (2) Check the Appropriate Row if a Member of a Group (a) ----------------------------------------------------------- (b) ----------------------------------------------------------- (3) SEC Use Only ---------------------------------------------------------- (4) Citizenship or Place of Organization U.S.A. --------------------------------- Number of (5) Sole Voting Power 721,968* Shares Bene- ----------------------------- ficially Owned by Each (6) Shared Voting Power 0 Reporting -------------------------------- (7) Sole Dispositive Power 721,968* -------------------------------- Person With -------------------------------------------------------------------- (8) Shared Dispositive Power 0 -------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 721,968* ---------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares --------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 7.26% ------------------- (12) Type of Reporting Person IN ---------------------------------------------- *The Reporting Person disclaims beneficial ownership of these shares. See Item 4. PAGE 2 OF 13 PAGES 3 CUSIP NO. 670002 10 4 - ------------------------------------------------------------------------------- (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Ganz Capital Management, Inc. ---------------------------------------------------------------------- (2) Check the Appropriate Row if a Member of a Group (a) ---------------------------------------------------------- (b) ---------------------------------------------------------- (3) SEC Use Only ---------------------------------------------------------- (4) Citizenship or Place of Organization Delaware ---------------------------- Number of (5) Sole Voting Power 630,768 Shares Bene- ------------------------- ficially Owned by Each (6) Shared Voting Power 0 Reporting ------------------- (7) Sole Dispositive Power 630,768 ------------------- Person With (8) Shared Dispositive Power 0 ------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 630,768 ---------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares * ---------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 6.35% ------------------- (12) Type of Reporting Person IA ---------------------------------------------- *See Item 4, and the notes thereto. PAGE 3 OF 13 PAGES 4 CUSIP NO. 670002 10 4 - ------------------------------------------------------------------------------- (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Probitas Fund, L.P. ---------------------------------------------------------------------- (2) Check the Appropriate Row if a Member of a Group (a) ---------------------------------------------------------- (b) ---------------------------------------------------------- (3) SEC Use Only ---------------------------------------------------------- (4) Citizenship or Place of Organization Delaware --------------------------------- Number of (5) Sole Voting Power 52,900 Shares Bene- ----------------------------- ficially Owned by Each (6) Shared Voting Power 0 Reporting ----------------------- (7) Sole Dispositive Power 52,900 --------------------- Person With (8) Shared Dispositive Power 0 --------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 52,900 ---------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares * ---------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 0.53% -------------------- (12) Type of Reporting Person PN ---------------------------------------------- *See Item 4, and the notes thereto. PAGE 4 OF 13 PAGES 5 CUSIP NO. 670002 10 4 - ------------------------------------------------------------------------------- (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Probitas Offshore Fund, L.P. ---------------------------------------------------------------------- (2) Check the Appropriate Row if a Member of a Group (a) ---------------------------------------------------------- (b) ---------------------------------------------------------- (3) SEC Use Only ---------------------------------------------------------- (4) Citizenship or Place of Organization Cayman Islands ---------------------------------- Number of (5) Sole Voting Power 38,300 Shares Bene ------------------------------ ficially- Owned by Each (6) Shared Voting Power 0 Reporting ------------------------ (7) Sole Dispositive Power 38,300 --------------------- Person With (8) Shared Dispositive Power 0 ------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 38,300 ---------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares * ---------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 0.39% -------------------- (12) Type of Reporting Person PN ---------------------------------------------- *See Item 4, and the notes thereto. PAGE 5 OF 13 PAGES 6 CUSIP NO. 670002 10 4 - ------------------------------------------------------------------------------- (1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Probitas Advisors, Inc. ---------------------------------------------------------------------- (2) Check the Appropriate Row if a Member of a Group (a) ---------------------------------------------------------- (b) ---------------------------------------------------------- (3) SEC Use Only ---------------------------------------------------------- (4) Citizenship or Place of Organization Delaware ---------------------------------- Number of (5) Sole Voting Power 91,200 Shares Bene ------------------------------ ficially- Owned by Each (6) Shared Voting Power 0 Reporting ------------------------ (7) Sole Dispositive Power 91,200 --------------------- Person With (8) Shared Dispositive Power 0 ------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 91,200 ---------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares * ---------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 0.92% --------------------- (12) Type of Reporting Person CO ---------------------------------------------- *See Item 4, and the notes thereto. PAGE 6 OF 13 PAGES 7 ITEM 1(A). NAME OF ISSUER The Issuer is NOVAVAX, INC.. ("NOX"). ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES The Issuer's principal executive offices are located at 12601 Twinbrook Parkway, Rockville, Maryland 20852. ITEM 2(A). NAME OF PERSONS FILING This Schedule 13G is being filed on behalf of Charles B. Ganz ("Ganz"), Ganz Capital Management, Inc. ("GCM"), The Probitas Fund, L.P. (the "Fund"),Probitas Advisors, Inc. ("Advisors")and The Probitas Offshore Fund, L.P. ("Offshore Fund"). ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE The principal business office of Ganz, GCM, the Fund and Advisors is 2875 N.E. 191st Street, Penthouse I, North Miami Beach, Florida 33180. The principal business office of Offshore Fund is British American Centre, P.O. Box 513 GT, Dr. Roy's Drive, George Town, Grand Cayman, Cayman Islands, British West Indies. ITEM 2(C). CITIZENSHIP Ganz is a United States citizen. GCM and Advisors are Delaware corporations. The Fund is a Delaware limited partnership. Offshore Fund is a Cayman Islands limited partnership. ITEM 2(D). TITLE OF CLASS OF SECURITIES This Statement relates to the Common Stock, par value $ .01 per share (the "Common Stock"), of NOX. ITEM 2(E). CUSIP NO. NOX's CUSIP No. is 670002 10 4. ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A PAGE 7 OF 13 PAGES 8 (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in Section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (d) [ ] Investment Company registered under Section 8 of the Investment Company Act (e) [X] Investment Adviser registered under Section 203 of the Investment Adviser Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or an Endowment Fund; see Rule 13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(1)(ii)(G) (Note: See Item 7) (h) [ ] Group, in accordance with Rule 13d- 1(b)(1)(ii)(H) ITEM 4. OWNERSHIP SEE ATTACHED SPREADSHEET, LABELED EXHIBIT A (PAGE 11 OF 13), FOR A LISTING OF OWNERSHIP. (1) The Reporting Person disclaims beneficial ownership with respect to these shares. (2) Due to the fact that GCM, Advisors, the Fund and Offshore Fund are under common control, GCM may be deemed to beneficially own the 52,900 shares owned of record by the Fund and the 38,300 owned by Offshore Fund. The Reporting Person disclaims beneficial ownership with respect to these shares. (3) Due to the fact that GCM, Advisors and the Fund are under common control, Advisors, the Fund and Offshore Fund may be deemed to beneficially own the 630,768 shares owned of record by GCM. The Reporting Persons disclaim beneficial ownership with respect to these shares. PAGE 8 OF 13 PAGES 9 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this Statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON GCM is a registered investment adviser, investing and managing funds for its clients, which include individuals, employee benefit plans, corporations, limited partnerships, charitable foundations and trusts. GCM beneficially owns 6.35% of NOX's issued and outstanding shares of Common Stock, on behalf of its clients, in separate accounts established for each client. Each client owns his, her or its account, and thereby has the right to receive and the power to direct the receipt of dividends, if any, from the Common Stock. Advisors is a registered investment adviser, investing and managing funds for its clients, which include individuals, employee benefit plans, corporations, limited partnerships, charitable foundations and trusts. Advisors beneficially owns 0.92% of NOX's issued and outstanding shares of Common Stock, on behalf of their clients, in separate accounts established for each client. Each client owns his, her or its account, and thereby has the right to receive and the power to direct the receipt of dividends, if any, from the Common Stock. The Fund and Offshore Fund are limited partnerships established in Delaware and the Cayman Islands respectfully. Fund and Offshore Fund are clients of Advisors, a registered investment adviser. Fund and Offshore Fund are authorized to invest in any class or type of security or other investment. Advisors acts as General Partner for Fund and as Investment General Partner for Offshore Fund. Fund beneficially owns 0.53% of NOX's issued and outstanding common stock. Offshore Fund beneficially owns 0.39 % of NOX's issued and outstanding common stock. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. PAGE 9 OF 13 PAGES 10 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 acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. PAGE 10 OF 13 PAGES 11 EXHIBIT A
AMOUNT BENEFICIALLY PERCENT OF POWER TO VOTE POWER TO DISPOSE REPORTING PERSON OWNED CLASS SOLE SHARED SOLE SHARED Charles B. Ganz 721,968 (1) 7.26% (2) 721,968 0 721,968 0 Ganz Capital Management, Inc. 630,768 (1) 6.35% (2) 630,768 0 630,768 0 Probitas Advisors, Inc. 91,200 (1) 0.92% (2) 91,200 0 91,200 0 The Probitas Fund, L.P. 52,900 (1) 0.53% (2) 52,900 0 52,900 0 The Probitas Offshore Fund, 38,300 (1) 0.39% (2) 38,300 0 38,300 0 L.P. ============== === ======= ========
(1) The reporting person disclaims beneficial ownership of these shares. (2) Calculated on the basis of 9,937,936 shares outstanding as of 12/31/96 PAGE 11 OF 13 PAGES 12 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. January 17, 1997 - -------------------------- /s/ Charles B. Ganz -------------------------------------- CHARLES B. GANZ GANZ CAPITAL MANAGEMENT, INC. By: /s/ Charles B. Ganz ----------------------------------- Charles B. Ganz, President THE PROBITAS FUND, L.P. By: Probitas Advisors, Inc., General Partner By: /s/ Charles B. Ganz ----------------------------------- Charles B. Ganz, President PROBITAS ADVISORS, INC. By: /s/ Charles B. Ganz ----------------------------------- Charles B. Ganz, President PAGE 12 OF 13 PAGES 13 EXHIBIT A AGREEMENT TO FILE JOINT SCHEDULE 13G Pursuant to Rule 13d-1(f)(i), the undersigned hereby consent to the joint filing of a single statement on their behalf. January 17, 1997 - -------------------------- /s/ Charles B. Ganz -------------------------------------- CHARLES B. GANZ GANZ CAPITAL MANAGEMENT, INC. By: /s/ Charles B. Ganz ----------------------------------- Charles B. Ganz, President THE PROBITAS FUND, L.P. By: Probitas Advisors, Inc., General Partner By: /s/ Charles B. Ganz ----------------------------------- Charles B. Ganz, President PROBITAS ADVISORS, INC. By: /s/ Charles B. Ganz ------------------------------------ Charles B. Ganz, President PAGE 13 OF 13 PAGES -----END PRIVACY-ENHANCED MESSAGE-----