0000950164-05-000004.txt : 20120703
0000950164-05-000004.hdr.sgml : 20120703
20050119164618
ACCESSION NUMBER: 0000950164-05-000004
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050119
DATE AS OF CHANGE: 20050119
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: COSINE COMMUNICATIONS INC
CENTRAL INDEX KEY: 0001060824
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576]
IRS NUMBER: 943280301
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-60229
FILM NUMBER: 05536771
BUSINESS ADDRESS:
STREET 1: 1200 BRIDGE PKWAY
STREET 2: STE 200
CITY: REDWOOD CITY
STATE: CA
ZIP: 94065
BUSINESS PHONE: 6506374777
MAIL ADDRESS:
STREET 1: 1200 BRIDGE PARKWAY
CITY: REDWOOD CITY
STATE: CA
ZIP: 94065
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Freestone Advisors LLC
CENTRAL INDEX KEY: 0001314204
IRS NUMBER: 200454558
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 1191 SECOND AVENUE
STREET 2: SUITE 2100
CITY: SEATTLE
STATE: WA
ZIP: 98101
BUSINESS PHONE: 206-398-1100
MAIL ADDRESS:
STREET 1: 1191 SECOND AVENUE
STREET 2: SUITE 2100
CITY: SEATTLE
STATE: WA
ZIP: 98101
SC 13G
1
cosine40665-13g.txt
SCHEDULE 13-G
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
COSINE COMMUNICATIONS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.0001 PER SHARE
(Title of Class of Securities)
221222607
(CUSIP Number)
November 30, 2004
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] 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. 221222607 Page 2 of 10 Pages
------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Freestone Advisors LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
------------ -------------------------------------------------------------------
3 SEC USE ONLY
------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------- -------- ---------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF -------- ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 511,637
EACH -------- ---------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-------- ---------------------------------------------
8 SHARED DISPOSITIVE POWER
511,637
------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
511,637**
------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
------------ -------------------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 4.
CUSIP No. 221222607 Page 3 of 10 Pages
------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Freestone Opportunity Partners LP
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
------------ -------------------------------------------------------------------
3 SEC USE ONLY
------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------- -------- ---------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF -------- ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 511,637
EACH -------- ---------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-------- ---------------------------------------------
8 SHARED DISPOSITIVE POWER
511,637
------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
511,637
------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
------------ -------------------------------------------------------------------
CUSIP No. 221222607 Page 4 of 10 Pages
------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Gary Furukawa
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
------------ -------------------------------------------------------------------
3 SEC USE ONLY
------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------- -------- ---------------------------------------------
5 SOLE VOTING POWER
50,000
NUMBER OF -------- ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 511,637
EACH -------- ---------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 50,000
-------- ---------------------------------------------
8 SHARED DISPOSITIVE POWER
511,637
------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
561,637**
------------ -------------------------------------------------------------------
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%
------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
------------ -------------------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 4.
CUSIP No. 221222607 Page 5 of 10 Pages
------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Randall C. Buck
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
------------ -------------------------------------------------------------------
3 SEC USE ONLY
------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
------------------------- -------- ---------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF -------- ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 511,637
EACH -------- ---------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
-------- ---------------------------------------------
8 SHARED DISPOSITIVE POWER
511,637
------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
511,637**
------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
------------ -------------------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 4.
Item 1(a). Name of Issuer:
Cosine Communications, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1200 Bridge Parkway
Redwood City, CA 94065
Item 2(a). Name of Person Filing:
This Schedule is being jointly filed by:
(i) Freestone Opportunity Partners LP, a Delaware limited partnership
(the "Partnership"), with respect to shares held by it;
(ii) Freestone Advisors LLC, a Delaware limited liability company and
an investment adviser registered with the Securities and Exchange
Commission, which is the general partner of the Partnership (the
"General Partner"), with respect to the shares held by the
Partnership;
(iii)Gary I. Furukawa, an individual, who is a managing member of the
General Partner ("Furukawa"), with respect to the shares held by
the Partnership and shares held by Furukawa, personally; and
(iv) Randall C. Buck, an individual, who is a managing member of the
General Partner ("Buck"), with respect to the shares held by the
Partnership.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The persons referenced in Item 2(a) above are referred to herein
collectively as the "Reporting Persons". The principal business address of all
of the Reporting Persons is 1191 Second Avenue, Suite 2100, Seattle, WA 98101.
Item 2(c). Citizenship:
(i) The General Partner is a Delaware limited liability company
(ii) The Partnership is a Delaware limited partnership
(iii) Mr. Furukawa is a United States citizen
(iv) Mr. Buck is a Canadian citizen
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.0001 per share
Item 2(e). CUSIP Number:
221222607
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 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) [X] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E),
(f) [ ] An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F),
(g) [ ] A parent holding company or control person in accordance
with ss.240.13d-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,
(j) [ ] A group, in accordance with ss.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Freestone Opportunity Partners LP:
---------------------------------
(a) Amount beneficially owned: 511,637 shares
(b) Percent of class: 5.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 511,637 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
511,637 shares
Freestone Advisors LLC:
----------------------
(a) Amount beneficially owned: 511,637 shares
(b) Percent of class: 5.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 511,637 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
511,637 shares
Gary I. Furukawa:
----------------
(a) Amount beneficially owned: 561,637 shares
(b) Percent of class: 5.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 50,000 shares
(ii) Shared power to vote or to direct the vote: 511,637 shares
(iii) Sole power to dispose or to direct the disposition of:
50,000 shares
(iv) Shared power to dispose or to direct the disposition of:
511,637 shares
Randall C. Buck:
---------------
(a) Amount beneficially owned: 511,637 shares
(b) Percent of class: 5.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 511,637 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
511,637 shares
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.
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. Certification.
By signing below I (we) certify that, to the best of my (our) knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and 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.
SIGNATURE
After reasonable inquiry and to the best of my (our) knowledge and belief, I
(we) certify that the information set forth in this statement is true, complete
and correct.
Dated: January 19, 2005
Freestone Advisors LLC
/s/ Gary I. Furukawa /s/ Gary I. Furukawa
------------------------------------ --------------------
By: Gary I. Furukawa Gary I. Furukawa, an individual
Title: Managing Member
Freestone Opportunity Partners LP
By: Freestone Advisors LLC
Its general partner
/s/ Gary I. Furukawa /s/ Randall C. Buck
------------------------------------ ----------------------
By: Gary I. Furukawa Randall C. Buck, an individual
Title: Managing Member
Joint Filing Agreement
Freestone Advisors LLC, a Delaware limited liability company; Freestone
Opportunity Partners LP, a Delaware limited partnership; and Gary I. Furukawa
and Randall C. Buck, each an individual, hereby agree to file jointly the
statement on Schedule 13G to which this Agreement is attached and any amendments
thereto which may be deemed necessary, pursuant to Regulation 13D-G under the
Securities Exchange Act of 1934.
It is understood and agreed that each of the parties hereto is responsible for
the timely filing of such statement and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein, but such party is not responsible for the completeness and accuracy of
information concerning any other party unless such party knows or has reason to
believe such information is inaccurate.
It is understood and agreed that a copy of this Agreement shall be attached as
an exhibit to the statement on Schedule 13G, and any amendments thereto, filed
on behalf of each of the parties hereto.
Dated: January 19, 2005
Freestone Advisors LLC
/s/ Gary I. Furukawa /s/ Gary I. Furukawa
------------------------------------ --------------------
By: Gary I. Furukawa Gary I. Furukawa, an individual
Title: Managing Member
Freestone Opportunity Partners LP
By: Freestone Advisors LLC
Its general partner
/s/ Gary I. Furukawa /s/ Randall C. Buck
------------------------------------ --------------------
By: Gary I. Furukawa Randall C. Buck, an individual
Title: Managing Member