-----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, L9qy4+ty9UwwsG0O6I/WlnjWMgQN78voY8inoKyS2ooKF6tlOljYkxyyW27bdw8K tdk7mIKTB7AdczAmHq/z7Q== 0000950136-04-004329.txt : 20041209 0000950136-04-004329.hdr.sgml : 20041209 20041208181418 ACCESSION NUMBER: 0000950136-04-004329 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041209 DATE AS OF CHANGE: 20041208 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58745 FILM NUMBER: 041191708 BUSINESS ADDRESS: STREET 1: 7501B NORTH CAPITAL OF TEXAS HIGHWAY CITY: AUSTIN STATE: TX ZIP: 78731 BUSINESS PHONE: 5126818320 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/A 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/A 1 file001.htm SCHEDULE 13D/A


                       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)(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

                                DECEMBER 6, 2004
- -------------------------------------------------------------------------------
             (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 8 Pages
                              ------------------



- ------------------------                           ---------------------------
CUSIP No. 888011103                                     Page 2 of 8 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          714,657
     SHARES         ----- ------------------------------------------------------
   BENEFICIALLY     8.    SHARED VOTING POWER             --
    OWNED BY        ----- ------------------------------------------------------
      EACH          9.    SOLE DISPOSITIVE POWER     714,657
    REPORTING       ----- ------------------------------------------------------
   PERSON WITH      10.   SHARED DISPOSITIVE POWER        --
- --------- ----------------------------------------------------------------------
11.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  714,657
- --------- ----------------------------------------------------------------------
12.       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

- --------- ----------------------------------------------------------------------
13.       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11     9.7%
- --------- ----------------------------------------------------------------------
14.       TYPE OF REPORTING PERSON*

          IA
- --------- ----------------------------------------------------------------------
                     * SEE INSTRUCTIONS BEFORE FILLING OUT!





- ------------------------                           ---------------------------
CUSIP No. 888011103                                     Page 3 of 8 Pages
- ------------------------                           ---------------------------


This Amendment No. 1 to Schedule 13D amends the Schedule 13D filed by 033 Asset
Management, LLC with the Securities and Exchange Commission on October 23, 2003
to reflect changes in the Reporting Person's holdings of the Issuer's
securities.

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"). The Manager caused the
Funds to purchase the Shares using their working capital.






- ------------------------                           ---------------------------
CUSIP No. 888011103                                     Page 4 of 8 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 8 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 714,657 shares owned by the Funds representing approximately 9.7%
of the Issuer's outstanding shares. (The Funds' percentage ownership was
calculated based upon an aggregate of 7,303,774 shares outstanding as of August
27, 2004, as reported on the Issuer's latest Quarterly Report on Form 10-Q for
the quarter ending July 31, 2004 filed with the Securities and Exchange
Commission on September 1, 2004). 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.

     (c) The following is a list of the transactions by the Reporting Person in
the Shares since the date of the Reporting Person's Schedule 13D.




- ----------------------- --------------------- ----------------- ----------------------------
  Transaction Date        Amount Acquired       Amount Sold         Price per Share ($)
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------

           2/19/04                5,000                                       22.09
- ----------------------- --------------------- ----------------- ----------------------------
           2/20/04                9,598                                       22.31
- ----------------------- --------------------- ----------------- ----------------------------
           2/23/04                  100                                       22.00
- ----------------------- --------------------- ----------------- ----------------------------
           2/27/04                                    3,752                   24.67
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           3/9/04                 1,300                                       22.27
- ----------------------- --------------------- ----------------- ----------------------------
           3/10/04                  900                                       22.75
- ----------------------- --------------------- ----------------- ----------------------------
           3/30/04                                      300                   27.00
- ----------------------- --------------------- ----------------- ----------------------------
           3/31/04                                    6,000                   27.04
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           4/21/04                                    8,500                   29.05
- ----------------------- --------------------- ----------------- ----------------------------
           4/22/04                  900                                       24.44
- ----------------------- --------------------- ----------------- ----------------------------
           4/23/04                  100                                       24.83
- ----------------------- --------------------- ----------------- ----------------------------
           4/26/04                  200                                       24.76
- ----------------------- --------------------- ----------------- ----------------------------
           4/27/04                3,585                                       24.83
- ----------------------- --------------------- ----------------- ----------------------------
           4/28/04               13,800                                       24.36
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           5/28/04                3,200                                       27.69
- ----------------------- --------------------- ----------------- ----------------------------
           5/28/04                4,200                                       26.51
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           6/25/04                4,706                                       26.05
- ----------------------- --------------------- ----------------- ----------------------------





- -----------------------                           ---------------------------
CUSIP No. 888011103                                    Page 6 of 8 Pages
- -----------------------                           ---------------------------





- ----------------------- --------------------- ----------------- ----------------------------

           7/8/04                16,748                                       20.17
- ----------------------- --------------------- ----------------- ----------------------------
           7/9/04                 6,639                                       19.26
- ----------------------- --------------------- ----------------- ----------------------------
           7/12/04                2,500                                       18.35
- ----------------------- --------------------- ----------------- ----------------------------
           7/16/04                2,302                                       18.36
- ----------------------- --------------------- ----------------- ----------------------------
           7/19/04                4,797                                       18.06
- ----------------------- --------------------- ----------------- ----------------------------
           7/23/04                3,447                                       18.19
- ----------------------- --------------------- ----------------- ----------------------------
           7/26/04                  433                                       18.22
- ----------------------- --------------------- ----------------- ----------------------------
           7/27/04                1,800                                       18.39
- ----------------------- --------------------- ----------------- ----------------------------
           7/28/04                6,220                                       18.56
- ----------------------- --------------------- ----------------- ----------------------------
           7/28/04                  500                                       18.49
- ----------------------- --------------------- ----------------- ----------------------------
           7/30/04                1,129                                       20.11
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           8/9/04                   999                                       17.81
- ----------------------- --------------------- ----------------- ----------------------------
           8/10/04                  300                                       20.07
- ----------------------- --------------------- ----------------- ----------------------------
           8/13/04                  200                                       18.70
- ----------------------- --------------------- ----------------- ----------------------------
           8/23/04                                     1,400                  20.79
- ----------------------- --------------------- ----------------- ----------------------------
           8/24/04                1,321                                       20.42
- ----------------------- --------------------- ----------------- ----------------------------
           8/26/04                  217                                       19.44
- ----------------------- --------------------- ----------------- ----------------------------
           8/30/04                1,500                                       19.73
- ----------------------- --------------------- ----------------- ----------------------------
           8/30/04                2,000                                       19.20
- ----------------------- --------------------- ----------------- ----------------------------
           8/31/04                2,000                                       19.33
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           9/9/04                                      1,490                  20.93
- ----------------------- --------------------- ----------------- ----------------------------
           9/22/04                                     3,907                  23.92
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           10/6/04                                        18                  24.70
- ----------------------- --------------------- ----------------- ----------------------------
          10/15/04                                     3,208                  26.64
- ----------------------- --------------------- ----------------- ----------------------------
          10/15/04                                     8,500                  26.44
- ----------------------- --------------------- ----------------- ----------------------------
          10/18/04                                     3,000                  26.77
- ----------------------- --------------------- ----------------- ----------------------------
          10/18/04                                     2,000                  27.00
- ----------------------- --------------------- ----------------- ----------------------------
          10/20/04                                     3,300                  26.98
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           11/2/04                                     6,122                  30.48
- ----------------------- --------------------- ----------------- ----------------------------
           11/4/04                                       502                  31.27
- ----------------------- --------------------- ----------------- ----------------------------
           11/4/04                                     4,709                  31.25
- ----------------------- --------------------- ----------------- ----------------------------
           11/8/04                                       251                  31.68
- ----------------------- --------------------- ----------------- ----------------------------
          11/11/04                                     2,981                  31.99
- ----------------------- --------------------- ----------------- ----------------------------
          11/11/04                                    10,000                  31.50
- ----------------------- --------------------- ----------------- ----------------------------
          11/15/04                                       939                  31.99
- ----------------------- --------------------- ----------------- ----------------------------
          11/15/04                                     3,771                  32.10
- ----------------------- --------------------- ----------------- ----------------------------




- -----------------------                           ---------------------------
CUSIP No. 888011103                                    Page 7 of 8 Pages
- -----------------------                           ---------------------------





- ----------------------- --------------------- ----------------- ----------------------------

          11/17/04                                     6,196                  33.14
- ----------------------- --------------------- ----------------- ----------------------------
          11/17/04                    1                                       33.39
- ----------------------- --------------------- ----------------- ----------------------------
          11/17/04                                         1                  32.49
- ----------------------- --------------------- ----------------- ----------------------------
          11/22/04                                       960                  33.52
- ----------------------- --------------------- ----------------- ----------------------------
          11/22/04                                    15,000                  33.15
- ----------------------- --------------------- ----------------- ----------------------------
          11/24/04                                     5,178                  34.69
- ----------------------- --------------------- ----------------- ----------------------------
          11/30/04                                     1,363                  34.79
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------
           12/1/04                                     9,614                  34.88
- ----------------------- --------------------- ----------------- ----------------------------
           12/2/04                                    17,849                  37.86
- ----------------------- --------------------- ----------------- ----------------------------
           12/2/04                                    29,220                  37.18
- ----------------------- --------------------- ----------------- ----------------------------
           12/3/04                                    34,096                  39.14
- ----------------------- --------------------- ----------------- ----------------------------
           12/6/04                                    27,191                  39.05
- ----------------------- --------------------- ----------------- ----------------------------

- ----------------------- --------------------- ----------------- ----------------------------



         (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.








- -----------------------                           ---------------------------
CUSIP No. 888011103                                    Page 8 of 8 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.

                                         December 8, 2004
                                       -----------------------------------
                                                  (Dated)

                                         /s/ Lawrence C. Longo
                                       -----------------------------------
                                                  (Signature)

                                         Chief Operating Officer
                                       -----------------------------------
                                                  (Title)
-----END PRIVACY-ENHANCED MESSAGE-----