-----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, QoIB+TPgeySczs4WjXA9j9TSrnrMURqC0tQ5NTgfZW3rjLY1Sy/8Sl2fr3CoOQZB 2oWMA18cgdgjb5vAsBeIpg== 0000910680-04-000660.txt : 20040629 0000910680-04-000660.hdr.sgml : 20040629 20040628193910 ACCESSION NUMBER: 0000910680-04-000660 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040629 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SSP SOLUTIONS INC CENTRAL INDEX KEY: 0001078717 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 330757190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-61273 FILM NUMBER: 04886668 BUSINESS ADDRESS: STREET 1: 17861 CARTWRIGHT ROAD CITY: IRVINE STATE: CA ZIP: 92614 BUSINESS PHONE: 9498511085 MAIL ADDRESS: STREET 1: 17861 CARTWRIGHT ROAD CITY: IRVINE STATE: CA ZIP: 92614 FORMER COMPANY: FORMER CONFORMED NAME: LITRONIC INC DATE OF NAME CHANGE: 19990208 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DERBY STEVEN CENTRAL INDEX KEY: 0001257402 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 53 FOREST AVENUE 2ND FL CITY: OLD GREENWICH STATE: CT ZIP: 06870 BUSINESS PHONE: 2039675875 MAIL ADDRESS: STREET 1: 53 FOREST AVENUE 2ND FL CITY: OLD GREENWICH STATE: CT ZIP: 06870 SC 13G 1 sc13gssp-06182004.txt SSP - JUNE 18, 2004 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0145 ---------------------------- Expires: December 31, 2005 ---------------------------- Estimated average burden --------------------------- hours per response. . . 11 ---------------------------- SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. __)* SSP Solutions, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 784723108 - -------------------------------------------------------------------------------- (CUSIP Number) June 18, 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: [ ] 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. 784723108 13G Page 2 of 5 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS./I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only). Mr. Steven Derby - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF SHARES ---------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER 2,498,769(1) OWNED BY EACH ---------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ---------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 2,498,769 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,498,769 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- (1) Mr. Steven Derby shares dispositive power of 2,003,607 shares of Common Stock of the Issuer in his capacity as the sole managing member of SDS Management, LLC, the investment manager of SDS Capital Group SPC, Ltd. Mr. Steven Derby shares dispositive power of 495,162 shares of Common Stock of the Issuer in his capacity as a managing member of Baystar Capital Management, LLC, the general partner of Baystar Capital II, L.P. CUSIP No. 784723108 13G Page 3 of 5 Pages - -------------------------------------------------------------------------------- ITEM 1. (a) Name of Issuer: SSP Solutions, Inc. (b) Address of Issuer's Principal Executive Offices: 17861 Cartwright Road Irvine, California 92614 ITEM 2. (a) Name of Person Filing: (b) Address of Principal Business Office or, if None, Residence: (c) Citizenship: Mr. Steven Derby 53 Forest Avenue, 2nd Floor Old Greenwich, CT 06870 United States citizen (d) Title of Class of Securities: Common Stock, par value $0.01 per share (e) CUSIP Number: 784723108 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO ss.ss.240.13d-1(b) OR 240.13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A: Not Applicable ITEM 4. OWNERSHIP. The following is information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1 as of June 18, 2004: (a) Amount beneficially owned: 2,498,769 shares of Common Stock (1) (b) Percent of Class: 5.4% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or direct the vote: 2,498,769 (iii) sole power to dispose or direct the disposition of: 0 CUSIP No. 784723108 13G Page 4 of 5 Pages - -------------------------------------------------------------------------------- (iv) shared power to dispose or direct the disposition of: 2,498,769 (1) Mr. Steven Derby shares dispositive power of 2,003,607 shares of Common Stock of the Issuer in his capacity as the sole managing member of SDS Management, LLC, the investment manager of SDS Capital Group SPC, Ltd. Mr. Steven Derby shares dispositive power of 495,162 shares of Common Stock of the Issuer in his capacity as a managing member of Baystar Capital Management, LLC, the general partner of Baystar Capital II, L.P. 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. 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. CERTIFICATIONS. Certification pursuant to ss.240.13d-1(c). 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. CUSIP No. 784723108 13G Page 5 of 5 Pages - -------------------------------------------------------------------------------- SIGNATURE 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. Date: June 28, 2004 /s/ Steven Derby ---------------------------------------- Steven Derby -----END PRIVACY-ENHANCED MESSAGE-----