-----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, P6ZXQG2YpZeywErFJCzz0I9UQFrxcfxT0V3H0Ds8wUHZGUJzqddL71jwFkTsygjV D7+Qua2nfqHxrnrvHPvC6w== 0001193125-03-003135.txt : 20030502 0001193125-03-003135.hdr.sgml : 20030502 20030502102856 ACCESSION NUMBER: 0001193125-03-003135 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030502 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRYPHON MASTER FUND LP CENTRAL INDEX KEY: 0001194508 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 500 CRESCENT COURT SUITE 270 CITY: DALLAS STATE: TX ZIP: 75201 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KASPER A S L LTD CENTRAL INDEX KEY: 0001037067 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330] IRS NUMBER: 223497645 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-50234 FILM NUMBER: 03678316 BUSINESS ADDRESS: STREET 1: 77 METRO WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2018640328 MAIL ADDRESS: STREET 1: 77 METRO WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 FORMER COMPANY: FORMER CONFORMED NAME: SASSCO FASHIONS LTD DATE OF NAME CHANGE: 19970402 FORMER COMPANY: FORMER CONFORMED NAME: SASSCO FASHIONS LTD /DE/ DATE OF NAME CHANGE: 19970714 SC 13G 1 dsc13g.htm SCHEDULE 13G SCHEDULE 13G

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

(Rule 13d-1(c)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES

13D-1(b),(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)

(Amendment No.         )*

 

 

 

 

KASPER A.S.L., LTD.

(Name of Issuer)

 

 

COMMON STOCK

(Title of Class of Securities)

 

 

485808109

                                (CUSIP Number)                                

 

 

APRIL 30, 2003

(Date of Event Which Requires Filing of this 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 the disclosures provided in a prior cover page.

 

The information required in 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).

 

CUSIP No.: 485808109

  

13G

  

Page 1 of 4

 

  1.


  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            Gryphon Master Fund, L.P.

    

  2.

  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  ¨

    

  3.


  

SEC Use Only

 

    

  4.


  

Citizenship or Place of Organization

 

Bermuda            

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

                379,400

  6.    Shared Voting Power

 

                0

  7.    Sole Dispositive Power

 

                379,400

  8.    Shared Dispositive Power

 

                0

  9.


  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            379,400

    

10.


  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

¨

    

11.


  

Percent of Class Represented by Amount in Row (9)

 

    5.6%. This percentage is based upon 6,800,000 shares of Common Stock outstanding as of April 8, 2003, as reported by the Issuer in its Annual Report on Form 10-K for the year ended December 28, 2002.

    

12.


  

Type of Reporting Person (See Instructions)

 

            PN

    

CUSIP No.: 485808109

  

13G

  

Page 2 of 4

 

Item 1(a). Name of Issuer:

 

Kasper A.S.L., Ltd.

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

77 Metro Way, Secaucus, New Jersey 07094

 

Item 2(a). Name of Person Filing:

 

Gryphon Master Fund, L.P.

 

Item 2(b). Address of Principal Business Office or, if none, Residence:

 

500 Crescent Court, Suite 270, Dallas, Texas 75201

 

Item 2(c). Citizenship:

 

Bermuda

 

Item 2(d). Title of Class of Securities:

 

Common Stock, $0.01 par value

 

Item 2(e). CUSIP Number:

 

485808109

CUSIP No.: 485808109

  

13G

  

Page 3 of 4

 

Item   3. If this statement is filed pursuant to Rule 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 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 of 1940;

(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)(1)(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 of 1940; or

(j) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

Not applicable.

 

Item 4. Ownership:

 

(a) Amount beneficially owned: 379,400 shares of Common Stock.

 

(b) Percent of class: 5.6%. This percentage is based upon 6,800,000 shares of Common Stock outstanding as of April 8, 2003, as reported by the Issuer in its Annual Report on Form 10-K for the year ended December 28, 2002.

 

(c) Number of shares as to which such person has:

 

(i) Sole power to vote or to direct the vote: 379,400 shares of Common Stock.

 

(ii) Shared power to vote or to direct the vote: 0

 

(iii) Sole power to dispose or to direct the disposition of: 379,400 shares of Common Stock.

 

(iv) Shared power to dispose or to direct the disposition of: 0

 

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 5 percent of the class of securities, check the following [            ].

 

CUSIP No.: 485808109

  

13G

  

Page 4 of 4

 

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 or Control Person:

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group:

 

Not applicable.

 

Item 9. Notice of Dissolution of Group:

 

Not applicable.

 

Item 10. Certifications:

 

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.

 

SIGNATURES

 

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.

 

Dated: May 1, 2003

      

GRYPHON MASTER FUND, L.P.

           

By:

  

Gryphon Partners, L.P.,

its General Partner

               

By:

  

Gryphon Management Partners, L.P.,

its General Partner

                   

By:

  

Gryphon Advisors, LLC,

its General Partner

                       

By:

  

/s/    E.B. Lyon, IV        

                           

E.B. Lyon, IV,

Authorized Agent

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