-----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, Tax04cwzQltoka8p3Yzr0T8As570PgleM6sECvp1vGn/LjQUzyaRGk9lLuvh/2Ip IBUM9zP6gw5MD6zR6qs0fQ== 0000930413-03-001941.txt : 20030625 0000930413-03-001941.hdr.sgml : 20030625 20030625161644 ACCESSION NUMBER: 0000930413-03-001941 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20030625 GROUP MEMBERS: GRAND SLAM GENERAL PARTNERS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TASER INTERNATIONAL INC CENTRAL INDEX KEY: 0001069183 STANDARD INDUSTRIAL CLASSIFICATION: ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480] IRS NUMBER: 860741227 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-62259 FILM NUMBER: 03756816 BUSINESS ADDRESS: STREET 1: 7860 EAST MCLAIN DR. STREET 2: SUITE 2 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 4809052000 MAIL ADDRESS: STREET 1: 7860 EAST MCLAIN DR. STREET 2: SUITE 2 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRAND SLAM CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001180952 IRS NUMBER: 223779125 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: ONE BRIDGE PLZ STREET 2: C/O GRAND SLAM CAPITAL PARTNERS LP CITY: FORT LEE STATE: NJ ZIP: 07024 BUSINESS PHONE: 2013464335 MAIL ADDRESS: STREET 1: ONE BRIDGE PLZ STREET 2: C/O GRAND SLAM CAPITAL PARTNERS LP CITY: FORT LEE STATE: NJ ZIP: 07024 SC 13D 1 c28577_sc13d.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 Taser International, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.00001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 87651B-10-4 --------------------------------------- (CUSIP Number) Mitchell Sacks Grand Slam Capital Partners, LP One Bridge Plaza Fort Lee, New Jersey 07024 (201) 346-4335 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 12, 2003 ------------------------------------------------------- (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. |_| 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. *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). SEC 1746 (12-91) CUSIP NO. 87651B-10-4 SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Grand Slam General Partners, LLC IRS # 22-3779105 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 174,100 OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON -0- WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 174,100 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 174,100 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.17% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - -------------------------------------------------------------------------------- Page 2 CUSIP NO. 87651B-10-4 SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Grand Slam Capital Partners, LP IRS # 22-3779125 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 174,100 -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 174,100 WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 174,100 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.17% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 3 ITEM 1. SECURITY AND ISSUER The title of the class of equity securities to which this statement on Schedule 13D (the "Statement") relates is the common stock (the "Common Stock"), par value $0.00001 per share, of Taser International, Inc., a Delaware corporation (the "Issuer"), and is being filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The principal offices of the Issuer are located at 7860 E. McClain Drive, Suite 2, Scottsdale, Arizona 85260. ITEM 2. IDENTITY AND BACKGROUND (a) This Statement is being filed by Grand Slam Capital Partners, LP, a Delaware limited partnership (the "Grand Slam Capital Partners"), for and on behalf of itself. Grand Slam Capital Partners was organized for the purpose of acquiring and managing assets. This Statement also is being filed by Grand Slam General Partners, LLC, a Delaware limited liability company ("Grand Slam General Partners," together with Grand Slam Capital Partners, the "Reporting Parties"), which serves as the general partner of Grand Slam Capital Partners. As such, Grand Slam General Partners may be deemed to control, directly or indirectly, Grand Slam Capital Partners and to beneficially own the shares of Common Stock being reported on this Statement by Grand Slam Capital Partners. (b) The address of the principal offices of each of the Reporting Parties is One Bridge Plaza, Fort Lee, New Jersey 07024. (c) Attached as Exhibit A is the name of the general partner of Grand Slam Capital Partners and its business address. Attached as Exhibit B are the names of the managers of Grand Slam General Partners, their business addresses and principal occupations. (d ) During the last five years, neither of the Reporting Parties nor any person listed on Exhibit B has been convicted in a criminal proceeding. (e) During the last five years, neither of the Reporting Parties nor any person listed on Exhibit B has 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. (f) Mitchell Sacks is a citizen of the United States. Erik Volfing is a citizen of Denmark. Page 4 ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The funds for the purchase of the shares of Common Stock set forth on Exhibit A hereto (the "Shares") have come from the working capital of Grand Slam Capital Partners. The aggregate amount of funds used in making the purchases of the Shares of Common Stock of the Issuer is $1,311,566.51. ITEM 4. PURPOSE OF TRANSACTION The Reporting Parties have acquired shares of Common Stock of the Issuer, as described in this Statement, in order to obtain a substantial equity position in the Issuer based on the Reporting Parties' belief that the Common Stock at current market prices is undervalued and represent an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Parties, and the availability of shares of Common Stock at prices that would make the purchase of additional shares desirable, the Reporting Parties may endeavor to increase their position in the Issuer through, among other things, the purchase of shares of Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Parties may deem advisable. Grand Slam Capital Partners anticipates that, from time to time, it may communicate with the Issuer regarding its business and strategic opportunities and identify to the Issuer strategic opportunities and alternatives to be considered by the Issuer. Grand Slam Capital Partners may also propose, propose to arrange, or identify to the Issuer sources of capital. Other than as set forth herein, neither of the Reporting Parties, nor Mitchell Sacks nor Erik Volfing has any plans or proposals that relate to or would result in any of the results specified in paragraphs (a) through (j) of Item 4 of this Statement. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The Reporting Parties beneficially own an aggregate of 174,100 Shares representing approximately 6.17% of the issued and outstanding shares of Common Stock of the Issuer. The percentage ownership of the Reporting Parties in the Issuer's capital stock is based on 2,817,726 issued and outstanding shares of the Common Stock as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2003, filed with the SEC. The executive officers and managers of Grand Slam General Partners do not beneficially own any shares of Common Stock. Since Grand Slam General Partners may be deemed to control, directly or indirectly, Grand Slam Capital Partners, Grand Slam General Partners may be deemed to have the power to direct the vote or disposition of the Shares, and accordingly, may be deemed, for purposes of determining beneficial ownership pursuant to Rule 13d-3 under the Exchange Act, to beneficially own the Shares held by Grand Slam Capital Partners. Page 5 (b) Grand Slam Capital Partners directly owns the Shares and has the power to vote or direct the vote and to dispose or direct the disposition of the Shares. Since Grand Slam General Partners may be deemed to control, directly or indirectly, Grand Slam Capital Partners, Grand Slam General Partners may be deemed to have shared power to vote or direct the vote and dispose or direct the disposition of the Shares and may be deemed, for purposes of determining beneficial ownership pursuant to Rule 13d-3 under the Exchange Act, to beneficially own the shares of Common Stock held by Grand Slam Capital Partners. (c) The dates and amount of each acquisition of the Shares is listed on Exhibit C hereto. Except as set forth in Exhibit C hereto, there have been no transactions in shares of Common Stock since the date of the filing of this Statement by the Reporting Parties or any person or entity listed on Exhibit B hereto. (d) No person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Shares owned by Grand Slam Capital Partners except Grand Slam Capital Partners. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER None. Page 6 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The following materials are filed as Exhibits to the Statement: EXHIBIT A: Information with respect to the General Partner of Grand Slam Capital Partners, LP. EXHIBIT B: Information with respect to executive officers and managers of Grand Slam General Partners, LLC. EXHIBIT C: As described in Item 5. EXHIBIT D: Joint Filing Agreement. Page 7 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Fourth Amendment is true, complete and correct. Dated: June 25, 2003 Grand Slam Capital Partners, LP By: /s/ Mitchell Sacks --------------------------- Name: Mitchell Sacks Title: Managing Partner Dated: June 25, 2003 Grand Slam General Partners, LLC By: /s/ Mitchell Sacks --------------------------- Name: Mitchell Sacks Title: Principal Page 8 EX-99.A 3 c28577_ex99a.txt EXHIBIT 99(a) INFORMATION WITH RESPECT TO THE GENERAL PARTNER OF GRAND SLAM CAPITAL PARTNERS, LP NAME AND ADDRESS The General Partner of Grand Slam Capital Partners, LP is Grand Slam General Partners, LLC, a Delaware limited liability company, located at c/o Grand Slam Capital Partners, LP, One Bridge Plaza, Fort Lee, New Jersey 07024. Page 9 EX-99.B 4 c28577_ex99b.txt EXHIBIT 99(b) INFORMATION WITH RESPECT TO EXECUTIVE OFFICERS AND MANAGERS OF GRAND SLAM GENERAL PARTNERS, LP POSITION WITH NAME AND ADDRESS GRAND SLAM GENERAL PARTNERS, LLC PRINCIPAL OCCUPATION - -------------------------------------------------------------------------------- Mitchell Sacks Principal Managing Grand Slam Asset Management, LLC and General Partners Erik Volfing Principal Managing Grand Slam Asset Management, LLC and General Partners 1. Mitchell Sacks is a United States citizen and Erik Volfing is a citizen of Denmark and the business address of each of the named individuals is c/o Grand Slam General Partners, LLC, One Bridge Plaza, Fort Lee, New Jersey 07024. Page 10 EX-99.C 5 c28577_ex99c.txt EXHIBIT 99(c) SCHEDULE OF TRANSACTIONS BY GRAND SLAM CAPITAL PARTNERS, LP NUMBER OF SHARES OF DATE OF PURCHASE PRICE PER SHARE COMMON STOCK PURCHASED ================================================================================ 18,500 03/18/03 3.9875 8,500 03/19/03 4.2446 10,000 03/19/03 4.1860 800 03/20/03 4.2662 1,000 03/21/03 4.1900 800 03/24/03 4.1732 700 03/25/03 4.2141 7,000 03/31/03 4.1814 4,100 04/03/03 4.7361 3,900 04/04/03 4.5833 500 04/07/03 4.5300 300 04/09/30 4.5833 7,600 04/21/03 5.5767 6,400 04/24/03 6.0030 7,150 04/25/03 6.1251 3,000 04/28/03 6.5333 1,000 04/29/03 7.5980 5,900 05/02/03 7.3128 9,100 05/05/03 6.7748 7,300 05/09/03 7.4813 6,800 05/13/03 8.4229 1,400 05/19/03 8.2807 3,200 05/20/03 8.1814 600 05/21/03 8.8185 28,850 06/12/03 11.5512 8,700 06/12/03 11.4811 2,800 06/13/03 11.2006 700 06/19/03 11.1228 17,500 06/20/03 10.9674 Page 11 EX-99.D 6 c28577_ex99d.txt EXHIBIT 99(d) JOINT FILING AGREEMENT The undersigned agree that this Schedule 13D, dated June 25, 2003, relating to the Common Stock of Taser International, Inc. shall be filed on behalf of the undersigned. Dated: June 25, 2003 Grand Slam Capital Partners, LP By: /s/ Mitchell Sacks ----------------------------- Name: Mitchell Sacks Title: Managing Partner Dated: June 25, 2003 Grand Slam General Partners, LLC By: /s/ Mitchell Sacks ----------------------------- Name: Mitchell Sacks Title: Principal Page 12 -----END PRIVACY-ENHANCED MESSAGE-----