-----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, Nr0gw42cJQLWWnZYpVde4ibcOTh8c2mrvqOABd6PP0thp42w6O1jMa2/0TKNuHji pqS3phraN0PzQ0YX/f36aA== 0000950136-03-002586.txt : 20031023 0000950136-03-002586.hdr.sgml : 20031023 20031023130408 ACCESSION NUMBER: 0000950136-03-002586 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031023 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TIPPINGPOINT TECHNOLOGIES INC CENTRAL INDEX KEY: 0001097297 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] IRS NUMBER: 742902814 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-58745 FILM NUMBER: 03953603 BUSINESS ADDRESS: STREET 1: 7501B NORTH CAPITAL OF TEXAS HIGHWAY CITY: AUSTIN STATE: TX ZIP: 78731 BUSINESS PHONE: 5126818450 MAIL ADDRESS: STREET 1: 7501B NORTH CAPITAL OF TEXAS HIGHWAY CITY: AUSTIN STATE: TX ZIP: 78731 FORMER COMPANY: FORMER CONFORMED NAME: NETPLIANCE INC DATE OF NAME CHANGE: 19991221 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: 033 ASSET MANAGEMENT LLC / CENTRAL INDEX KEY: 0001114831 IRS NUMBER: 043502120 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 125 HIGH ST STREET 2: SUITE 1405 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6173712015 MAIL ADDRESS: STREET 1: 125 HIGH ST STREET 2: SUITE 1405 CITY: BOSTON STATE: MA ZIP: 02110 SC 13D 1 file001.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. )(1) TIPPINGPOINT TECHNOLOGIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 888011103 - -------------------------------------------------------------------------------- (CUSIP NUMBER) 033 ASSET MANAGEMENT, LLC 125 HIGH STREET, SUITE 1405 BOSTON, MASSACHUSETTS 02110 - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICE AND COMMUNICATIONS) - with copies to - MICHAEL G. TANNENBAUM, ESQ. TANNENBAUM HELPERN SYRACUSE & HIRSCHTRITT 900 THIRD AVENUE - 13TH FLOOR NEW YORK, NEW YORK 10022 (212) 508-6700 OCTOBER 17, 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(b) for other parties to whom copies are to be sent. - -------- (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 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 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). -------------------------------------- Page 1 of 5 Pages -------------------------------------- - ----------------------- ------------------------------- CUSIP No. 888011103 Page 2 of 5 Pages - ----------------------- ------------------------------- - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 033 ASSET MANAGEMENT, LLC - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) (b) INAPPLICABLE - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCES 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 - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 833,333 SHARES ------------------------------------------------------------ BENEFICIALLY 8. SHARED VOTING POWER -- OWNED BY ------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 833,333 REPORTING ------------------------------------------------------------ PERSON WITH 10. SHARED DISPOSITIVE POWER -- - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 833,333 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 11.4% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- ------------------------------- CUSIP No. 888011103 Page 3 of 5 Pages - ----------------------- ------------------------------- ITEM 1 SECURITY AND ISSUER Title of Class of Securities Common stock $.01 par value per share (the "Shares") Name and Address of Issuer TippingPoint Technologies, Inc. 7501B North Capital of Texas Highway Austin, Texas 78731 ITEM 2 IDENTITY AND BACKGROUND (a) 033 Asset Management, LLC (the "Manager") (b) 125 High Street, Suite 1405 Boston, Massachusetts 02110 (c) The Manager serves as an investment manager to investment vehicles. (d) - (e) During the last five years, neither the Manager nor any of its principals, nor any family members of principals of the Manager who own, directly or beneficially, shares of the Issuer, to the best of its, his or her knowledge, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any of the foregoing 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) Delaware, USA ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The Manager is the investment manager of (i) 033 Growth Partners I, L.P., (ii) 033 Growth Partners II, L.P., (iii) Oyster Pond Partners, L.P. and (iv) 033 Growth International Fund, Ltd. (together, the "Funds"). As of October 17, 2003, the Manager caused the Funds to purchase, using their working capital, 449,833 shares, 126,167 shares, 60,000 shares and 197,333 shares, respectively, of the Issuer's Common stock for, respectively, $5,397,996, $1,514,004, $720,000 and $2,367,996. - ----------------------- ------------------------------- CUSIP No. 888011103 Page 4 of 5 Pages - ----------------------- ------------------------------- ITEM 4 PURPOSE OF TRANSACTION The Manager intends to evaluate the business and business prospects of the Issuer and its present and future interest in, and intentions with respect to, the Issuer, and in connection therewith may from time to time consult with management and other shareholders of the Issuer. Other than as described above, the Manager does not have any plans or proposals, which would result in any of the following: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) changes in the Issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an interdealer quotation system of a registered national securities association; (i) causing a class of securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated above. - ----------------------- ------------------------------- CUSIP No. 888011103 Page 5 of 5 Pages - ----------------------- ------------------------------- ITEM 5 INTEREST IN SECURITIES OF THE ISSUER (a)-(b) The Manager may be deemed, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to be the beneficial owner of an aggregate of 833,333 shares owned by the Funds representing approximately 11.4% of the Issuer's outstanding shares. (The Funds' percentage ownership was calculated based upon an aggregate of 7,304,063 shares outstanding as of October 20, 2003, which is the sum of the 5,308,230 shares reported as outstanding on the Issuer's latest Quarterly Report on Form 10-Q plus an additional 1,995,835 shares reported as issued as of October 20, 2003 in a Press Release issued by the Issuer on October 20, 2003.) The Manager disclaims any economic interest or beneficial ownership of the shares covered by this Statement except for its pecuniary interest therein. Additionally, certain principals of the Manager are also principal of 033 Capital, LLC, the general partner of three of the Funds, and these individuals may be deemed to have an indirect pecuniary interest in a portion of the shares owned by the relevant Funds, as to which the Manager disclaims any economic or beneficial interest. (d) None. (d) Inapplicable. (e) Inapplicable. ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER None. ITEM 7 MATERIAL TO BE FILED AS EXHIBITS None. 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. October 22, 2003 -------------------------- (Dated) /s/ Lawrence C. Longo -------------------------- (Signature) Chief Operating Officer -------------------------- (Title) -----END PRIVACY-ENHANCED MESSAGE-----