-----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, UcqIi7iqVmXHUkRBN33yuuHmEpf5Onpw/HSHmOgdeVUrfFc3DtMPEqiFo6AiIYBh XNKP/wu+G7KC+S1dsMe6TA== 0001144204-07-014173.txt : 20070322 0001144204-07-014173.hdr.sgml : 20070322 20070322172235 ACCESSION NUMBER: 0001144204-07-014173 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070322 DATE AS OF CHANGE: 20070322 GROUP MEMBERS: JEFFREY KESWIN GROUP MEMBERS: LYRICAL OPPORTUNITY PARTNERS II, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MPLC, Inc. CENTRAL INDEX KEY: 0001022899 STANDARD INDUSTRIAL CLASSIFICATION: BOOKS: PUBLISHING OR PUBLISHING AND PRINTING [2731] IRS NUMBER: 061390025 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-48089 FILM NUMBER: 07712712 BUSINESS ADDRESS: STREET 1: 42 CORPORATION PARK, SUITE 250 CITY: IRVINE STATE: CA ZIP: 92606 BUSINESS PHONE: (949) 777-3700 MAIL ADDRESS: STREET 1: 42 CORPORATION PARK, SUITE 250 CITY: IRVINE STATE: CA ZIP: 92606 FORMER COMPANY: FORMER CONFORMED NAME: MILLBROOK PRESS INC DATE OF NAME CHANGE: 19961022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Lyrical Opportunity Partners II LP CENTRAL INDEX KEY: 0001393977 IRS NUMBER: 760844813 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 405 PARK AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-415-6600 MAIL ADDRESS: STREET 1: 405 PARK AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 v068893_sc13d.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. __)*
 
MPLC, Inc. 

(Name of Issuer)
 
Common Stock, par value $.01 per share

 (Title of Class of Securities)
 
600179105

 (CUSIP Number)
 
Jeffrey M. Moses
Lyrical Partners, L.P.
405 Park Avenue, 6th Floor
New York, NY 10022

(212) 415-6640

 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
February 28, 2007

 (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(e), 13d-1(f) or 13d-1(g), check the following box o.
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
 
(Page 1 of 8)
 
_____________________
*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 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).
 

 
CUSIP No. 600179105
SCHEDULE 13D
Page 2 of 8 Pages
    
1   
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Lyrical Opportunity Partners II LP
76-0844813
  
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions)
(a) x
     
(b) o
            
3  
SEC USE ONLY
 
       
       
4  
SOURCE OF FUNDS (see Instructions)

OO
 
5  
CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o
     
 
           
6   
CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands
 
NUMBER OF
SHARES
BENEFICIALLY
7 SOLE VOTING POWER

0
 
OWNED
BY EACH
REPORTING
8
SHARED VOTING POWER

341,619,602
 
PERSON
WITH
9
SOLE DISPOSITIVE POWER

0
 
 
10
SHARED DISPOSITIVE POWER

341,619,602
 
11  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

341,619,602
 
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see Instructions)

o
13  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.7% (1)
 
14  
TYPE OF REPORTING PERSON (see Instructions)

OO
 
 
(1) On the basis of 3,505,234,205 outstanding.
 

 
CUSIP No. 600179105
SCHEDULE 13D
Page 3 of 8 Pages
  
 
1   
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Lyrical Opportunity Partners II Ltd
N/A
  
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions)
(a) x
     
(b) o
            
3  
SEC USE ONLY
 
       
       
4  
SOURCE OF FUNDS (see Instructions)

OO
 
5  
CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o
     
 
           
6   
CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands
 
NUMBER OF
SHARES
BENEFICIALLY
7 SOLE VOTING POWER

0
 
OWNED
BY EACH
REPORTING
8
SHARED VOTING POWER

341,619,602
 
PERSON
WITH
9
SOLE DISPOSITIVE POWER

0
 
 
10
SHARED DISPOSITIVE POWER

341,619,602
 
11  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

341,619,602
 
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see Instructions)

o
13  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.7% (1)
 
14  
TYPE OF REPORTING PERSON (see Instructions)

OO
 
 
(1) On the basis of 3,505,234,205 outstanding.
 

 
CUSIP No. 600179105
SCHEDULE 13D
Page 4 of 8 Pages
  
 
1   
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Jeffrey Keswin
###-##-####
  
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions)
(a) x
     
(b) o
            
3  
SEC USE ONLY
 
       
       
4  
SOURCE OF FUNDS (see Instructions)

OO
 
5  
CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o
     
 
           
6   
CITIZENSHIP OR PLACE OF ORGANIZATION

U.S.
 
NUMBER OF
SHARES
BENEFICIALLY
7 SOLE VOTING POWER

0
 
OWNED
BY EACH
REPORTING
8
SHARED VOTING POWER

341,619,602
 
PERSON
WITH
9
SOLE DISPOSITIVE POWER

0
 
 
10
SHARED DISPOSITIVE POWER

341,619,602
 
11  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

341,619,602
 
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see Instructions)

o
13  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.7% (1)
 
14  
TYPE OF REPORTING PERSON (see Instructions)

IN
 
 
(1) On the basis of 3,505,234,205 outstanding.
 

 
 
SCHEDULE 13D
Page 5 of 8 Pages
 

Item 1. Security and Issuer.
 
This Schedule 13D (this “Schedule 13D”) relates to the common stock, par value $.01 per share (the “Common Stock”), of MPLC, Inc., a Delaware corporation (the “Company”), which has its principal executive offices at 42 Corporate Park, Suite 250, Irvine, California 92606.

Item 2. Identity and Background.
 
This statement is being filed by Lyrical Opportunity Partners II LP, a Delaware limited partnership, Lyrical Opportunity Partners II Ltd, a Cayman Islands exempted company, and Jeffrey Keswin (collectively, the “Reporting Persons”). Lyrical Opportunity Partners II LP and Lyrical Opportunity Partners II Ltd (collectively, “Lyrical”) are institutional investors that make and hold private equity investments. The principal business address of Lyrical is 405 Park Avenue, 6th Floor, New York, NY 10022.

Jeffrey Keswin is the Managing Member of both Lyrical Corp III LLC, the General Partner of Lyrical Opportunity Partners II GP LP, which in turn is the General Partner of Lyrical Opportunity Partners II GP and of Lyrical Partners, L.P., the General Partner of Lyrical Opportunity Partners II Ltd. Mr. Keswin is a citizen of the United States of America. His principal occupation is as Managing Member of Lyrical, and his principal business address is 405 Park Avenue, 6th Floor, New York, NY 10022.

During the last five years, neither Lyrical nor Mr. Keswin has been convicted in a criminal proceeding (excluding misdemeanors) or 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 closing (the “Closing”) of the transactions contemplated by that certain Series B Convertible Preferred Stock Purchase Agreement, dated January 30, 2007, by and among the Company and the Purchasers (as defined therein), occurred on February 12, 2007. At the Closing, Lyrical purchased and received 222.368 shares of the Company’s the Company’s Series B Convertible Preferred Stock, $0.10 par value per share (“Series B Preferred Stock”), which shall be convertible into 133,420,800 shares of Common Stock, for an aggregate purchase price of $2,223,680. Each share of Series B Preferred Stock is convertible into 600,000 shares of the Company’s Common Stock.

Simultaneously with the Closing, the closing of the transactions contemplated by that certain Exchange Agreement dated January 31, 2007 (“Exchange Agreement”), by and among the Company, New Motion, Inc. a Delaware corporation (“New Motion”), each of the stockholders of New Motion (“Stockholders”) and Trinad Capital Master Fund, Ltd., occurred on February 12, 2007. Pursuant to the terms of the Exchange Agreement, the Company acquired all of the outstanding equity interests of New Motion (the “Interests”) from the Stockholders, and the Stockholders contributed all of their Interests to the Company. In exchange for the Interests, the Company issued to the Stockholders 500,000 shares (“Series C Preferred Shares”) of its Series C Convertible Preferred Stock, par value $0.10 per share (the “Series C Preferred Stock”), which will be convertible into that number of shares of the Company’s Common Stock, equal to 9,000,000, less the number of shares of Common Stock (on a post-Reverse Split (as hereinafter defined) basis) issuable upon the exercise of all New Motion options and warrants following their assumption by the Company. Each share of Series C Preferred Stock is convertible into approximately 4358.21 shares of the Company’s Common Stock. Lyrical purchased 17,789.586 shares of Series C Preferred Stock in a private sale.
 

 
 
SCHEDULE 13D
Page 6 of 8 Pages
 
 
The closing of the transactions contemplated by that certain Securities Purchase Agreement, by and among the Company and the Purchasers (as defined therein), occurred on February 28, 2007. At the closing, Lyrical purchased and received 2,177.8 shares of the Company’s the Company’s Series D 8% Convertible Preferred Stock, $0.10 par value per share (“Series D Preferred Stock”), which shall be convertible into 130,668,000 shares of Common Stock, for an aggregate purchase price of $2,613,358. Each share of Series D Preferred Stock is convertible into 60,000 shares of the Company’s Common Stock.

The Company intends to amend its restated certificate of incorporation, as amended, to provide for an increase in its authorized shares of Common Stock from 75,000,000 to 100,000,000 and a 1-for-300 reverse stock split (the “Reverse Split”). The Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock will immediately and automatically be converted into shares of Common Stock (the “Mandatory Conversion”) upon the approval by holders of a majority of the Company’s Common Stock (voting together on an as-converted-to-common-stock basis) of this amendment. Upon the effectiveness of such amendment, the Company will have a sufficient number of authorized but un-issued and un-reserved shares of Common Stock to allow for the full conversion of all of the securities convertible into or exchangeable for Common Stock. The Company anticipates that it will be able to obtain the requisite vote from its stockholders to facilitate the amendment of its restated certificate of incorporation, as amended. The amendment to the Company’s restated certificate of incorporation, as amended, was approved by the board of directors of the Company on February 13, 2007.

The beneficial ownership of the Company’s Common Stock reported in this Schedule 13D by the Reporting Persons is based on Lyrical’s ownership of 222.368 shares of the Company’s Series B Preferred Stock, 17,789.586 shares of Series C Preferred Stock, and 2,177.8 shares of Series D Preferred Stock, each on an as converted basis prior to the proposed Reverse Split and assumes a total of 3,505,234,205 shares of the Company’s Common Stock outstanding as of February 28, 2007, on a pre-Reverse Split basis.
 
Item 4. Purpose of Transaction.
 
Reference is made to the disclosure set forth under Item 3 of this Schedule 13D, which disclosure is incorporated herein by reference.

All of the shares of Common Stock to which this Schedule 13D relates are held by Lyrical as an investment. Lyrical is not a member of a group relating to the Issuer. As a result of the Closing, Lyrical owns 9.7% of the total combined voting power of all classes of the Company’s capital stock.

On February 13, 2007, the board of directors approved an increase in the authorized shares of Common Stock which the Company shall have the authority to issue, the Reverse Split, a corporate name change, and a stock incentive plan (collectively, the “Actions”), and resolved to present to the stockholders of the Company the proposed Actions for their approval. The Company anticipates that it will be able to obtain the requisite vote from its stockholders to facilitate the Actions. These actions will cause the Mandatory Conversion.

Subject to the approval of the Company’s stockholders to effect the Reverse Split, upon the Mandatory Conversion (assuming no exercise or conversion of outstanding options, warrants or convertible securities), and subject to an adjustment of the Conversion Rate as a result of the Reverse Split, the holders of the Company’s capital stock will hold the following number of shares representing the following percentage of its outstanding Common Stock: the holders of Series C Preferred Stock will, in the aggregate, own approximately 7,263,688 shares of Common Stock, representing approximately 72.5% of the outstanding shares of Common Stock; the existing holders of Common Stock will own approximately 250,000 shares of Common Stock representing approximately 2.5% of the outstanding shares of Common Stock; the existing holder of Series A Preferred Stock will own approximately 1,200,000 shares of Common Stock, representing approximately 12% of the outstanding shares of Common Stock; and the existing holders of Series B Preferred Stock will own approximately 1,300,000 shares of Common Stock, representing approximately 13% of the outstanding shares of Common Stock. The shares of Common Stock received in the Reverse Split will be subject to round up for fractional shares.
 

 
 
SCHEDULE 13D
Page 7 of 8 Pages

Other than as described in this Schedule 13D, the Reporting Persons do not have any plans or proposals which would result in the acquisition by any person of additional securities of the Company or the disposition of securities of the Company; any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; any change in the present board of directors or management of the Company, including any place or proposals to change the number or term of directors or to fill any existing vacancies on the Company's Board; any material change in the present capitalization or dividend policy of the Company; any other material change in the Company's business or corporate structure; any changes in Company's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; causing a class of securities of the Company to be delisted from national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; a class of equity securities of the Company becoming eligible for termination of registration pursuant to section 12(g)(4) of the Act; or any action similar to any of those enumerated above.

Item 5. Interest in Securities of the Issuer.
 
Reference is made to the disclosure set forth under Items 3 and 4 of this Schedule 13D, which disclosure is incorporated herein by reference.

Transactions by the Reporting Person in the Company’s Common Stock effected in the past 60 days are described in Item 3 above.
 
Jeffrey Keswin disclaims beneficial ownership of the shares of Common Stock held by Lyrical.
 
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Not applicable.

Item 7. Material to be Filed as Exhibits.
 
Not applicable.
 

 
 
SCHEDULE 13D
Page 8 of 8 Pages

 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule 13D is true, complete and correct.
 
     
  Lyrical Opportunity Partners II LP
   
 
By Lyrical Opportunity Partners II GP LP, its General Partner
By Lyrical Corp III LLC, its General Partner
 
 
 
 
 
 
March 22, 2007 By:   /s/ Jeffrey Keswin
 
Name: Jeffrey Keswin
  Title: Managing Member
 
     
  Lyrical Opportunity Partners II Ltd
   
 
By Lyrical Partners L.P., its General Partner
 
 
 
 
 
 
March 22, 2007 By:   /s/ Jeffrey Keswin
 
Name: Jeffrey Keswin
  Title: Managing Member
 
     
March 22, 2007   /s/ Jeffrey Keswin
 
Jeffrey Keswin
   
 
 
 

 
 
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