-----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, WUVeg7+I22E5cdD6M26GQ9z9BmtNS+3WKzXnotFwl5myhkTXooishsICNolhgaG1 VExyng78fnHuDCe17huCNQ== 0000929638-03-000059.txt : 20030409 0000929638-03-000059.hdr.sgml : 20030409 20030409121903 ACCESSION NUMBER: 0000929638-03-000059 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030409 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WAVE SYSTEMS CORP CENTRAL INDEX KEY: 0000919013 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 133477246 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 480 PLEASANT ST CITY: LEE STATE: MA ZIP: 01238 BUSINESS PHONE: 4132431600 MAIL ADDRESS: STREET 1: 480 PLEASANT STREET CITY: LEE STATE: MA ZIP: 01238 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 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61273 FILM NUMBER: 03643611 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 SC 13D/A 1 wave_13d-no2.txt SSP SOLUTIONS/WAVE SYSTEMS 13D/A NO. 2 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 2 to Schedule 13D)(1) SSP SOLUTIONS, INC. (FORMERLY LITRONIC, INC.) - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 537004 10 3 - -------------------------------------------------------------------------------- (CUSIP Number) STEVEN K. SPRAGUE PRESIDENT AND CHIEF EXECUTIVE OFFICER WAVE SYSTEMS CORP. 480 PLEASANT STREET, LEE, MA 01238 (413) 243-1600 With a copy to: NEIL W. TOWNSEND BINGHAM MCCUTCHEN LLP 399 PARK AVENUE, NEW YORK, NY 10022-4689 (212) 705-7000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 7, 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 that 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. (Continued on following pages) (Page 1 of 4 Pages) - ---------- (1) 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. 537004 10 3 13D Page 2 of 4 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) WAVE SYSTEMS CORP. 13-3477246 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* N/A ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF 4,788,083 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY None OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 4,788,083 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH None ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,788,083 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.1007% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 537004 10 3 13D Page 3 of 4 Pages SSP SOLUTIONS, INC. SCHEDULE 13D AMENDMENT NO. 2 NOTE: This Amendment No. 2 amends Amendment No. 1 to the Statement on Schedule 13D filed on October 10, 2002 by Wave Systems Corp. ("Wave"). This Amendment No. 2 is filed on behalf of Wave. This Amendment No. 2 is being filed to describe the plan that Wave has of disposing of the securities of SSP Solutions, Inc. ("SSP"). There has been no change in the information set forth in the responses to Items 1, 2, 3, 6 or 7 of the Schedule 13D. Accordingly, those Items are omitted from this Amendment No. 2. Item 4. Purpose of Transaction. Item 4 is amended to read as follows: Wave currently plans to dispose of shares of SSP's common stock. Such shares will be disposed of either pursuant to Rule 144 of the Securities Act of 1933, whereby the sale of the shares will be subject to the volume limitations set forth in such Rule, or pursuant to one or more private sales. Wave plans to dispose of these securities in order to raise capital. Wave does not have any plans or proposals that relate to or would result in: (i) any extraordinary corporate transaction; (ii) any sale or transfer of a material amount of assets of SSP or any of its subsidiaries; (iii) any change in the present board of directors or management of SSP; (iv) any material change in the present capitalization or dividend policy of SSP; (v) any other material change in SSP's business or corporate structure; (vi) any changes in SSP's charter, bylaws or instruments corresponding thereto, or other actions which may impede the acquisition of control of SSP by any person; (vii) causing a class of securities of SSP to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (viii) a class of equity securities of SSP becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (ix) any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer. Items 5(a), 5(b) and 5(c) are amended to read as follows: (a) Wave owns 4,788,083 shares of common stock of SSP, which equal approximately 19.1007% of the total 25,067,576 outstanding shares of common stock of SSP as of April 8, 2003. (b) Wave has sole voting and dispositive power to all 4,788,083 shares that it owns. (c) On April 7, 2003, Wave sold 20,000 shares of SSP's common stock on the open market for $0.55. On April 8, 2003, Wave sold an additional 75,000 shares of SSP's common stock on the open market for $0.56. CUSIP No. 537004 10 3 13D Page 4 of 4 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. Dated: April 9, 2003 WAVE SYSTEMS CORP. By: /s/ STEVEN K. SPRAGUE ------------------------------------- (Signature) Steven K. Sprague. its President and Chief Executive Officer ---------------------------------------- (Name/Title) Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----