-----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, KWhMxH137rVmZIxu94IghqIRWKeH3OsF7D9az7CxNG6xB+ZcMHlq/S4klibDnkUG RYspezzfKQX7r65bx1cv3w== 0000950135-07-001009.txt : 20070223 0000950135-07-001009.hdr.sgml : 20070223 20070223093457 ACCESSION NUMBER: 0000950135-07-001009 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070223 DATE AS OF CHANGE: 20070223 GROUP MEMBERS: DAVE E. COHEN GROUP MEMBERS: MIDWOOD CAPITAL PARTNERS QP, L.P. GROUP MEMBERS: MIDWOOD CAPITAL PARTNERS, L.P. GROUP MEMBERS: ROSS D. DEMONT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CELEBRATE EXPRESS, INC. CENTRAL INDEX KEY: 0001100124 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISC GENERAL MERCHANDISE STORES [5399] IRS NUMBER: 911644428 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80362 FILM NUMBER: 07644065 BUSINESS ADDRESS: STREET 1: 11220 120TH AVENUE NORTHEAST CITY: KIRKLAND STATE: WA ZIP: 98033 BUSINESS PHONE: 4262501057 MAIL ADDRESS: STREET 1: 11220 120TH AVENUE NORTHEAST CITY: KIRKLAND STATE: WA ZIP: 98033 FORMER COMPANY: FORMER CONFORMED NAME: CELEBRATEEXPRESS COM INC DATE OF NAME CHANGE: 20000111 FORMER COMPANY: FORMER CONFORMED NAME: BIRTHDAY EXPRESS COM INC DATE OF NAME CHANGE: 19991130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MIDWOOD CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001273663 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 45 FAIRFIELD STREET STREET 2: 5TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6172262609 SC 13G 1 b64278cesc13g.txt MIDWOOD CAPITAL MANAGEMENT LLC RE: CELEBRATE EXPRESS ---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0145 Expires: February 28, 2009 Estimated average burden hours per response. . . 10.4 ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. __)* Celebrate Express, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 15100A104 - -------------------------------------------------------------------------------- (CUSIP Number) February 16, 2007 - -------------------------------------------------------------------------------- (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. 15100A104 13G Page 2 of 10 Pages --- ---- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Midwood Capital Management LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) ] ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 554,800 Number of -------------------------------------------------------------- Shares 6. Shared Voting Power 0 Beneficially Owned by -------------------------------------------------------------- Each Reporting 7. Sole Dispositive Power 554,800 Person With -------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 554,800 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 7.1% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - -------------------------------------------------------------------------------- CUSIP No. 15100A104 13G Page 3 of 10 Pages --- ---- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). David E. Cohen - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- 5. Sole Voting Power 0 Number of -------------------------------------------------------------- Shares 6. Shared Voting Power 554,800 Beneficially Owned by -------------------------------------------------------------- Each Reporting 7. Sole Dispositive Power 0 Person With -------------------------------------------------------------- 8. Shared Dispositive Power 554,800 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 554,800 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 7.1% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- CUSIP No. 15100A104 13G Page 4 of 10 Pages --- ---- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Ross D. DeMont - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- 5. Sole Voting Power 0 Number of -------------------------------------------------------------- Shares 6. Shared Voting Power 554,800 Beneficially Owned by -------------------------------------------------------------- Each Reporting 7. Sole Dispositive Power 0 Person With -------------------------------------------------------------- 8. Shared Dispositive Power 554,800 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 554,800 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 7.1% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- CUSIP No. 15100A104 13G Page 5 of 10 Pages --- ---- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Midwood Capital Partners, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 231,770 Number of -------------------------------------------------------------- Shares 6. Shared Voting Power 0 Beneficially Owned by -------------------------------------------------------------- Each Reporting 7. Sole Dispositive Power 231,770 Person With -------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 231,770 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 3.0% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- CUSIP No. 15100A104 13G Page 6 of 10 Pages --- ---- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Midwood Capital Partners QP, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 323,030 Number of -------------------------------------------------------------- Shares 6. Shared Voting Power 0 Beneficially Owned by -------------------------------------------------------------- Each Reporting 7. Sole Dispositive Power 323,030 Person With -------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 323,030 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 4.1% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- CUSIP No. 15100A104 Page 7 of 10 ITEM 1. (a) NAME OF ISSUER: Celebrate Express, Inc. (the "Issuer"). (b) ADDRESS OF THE ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 11220 120th Avenue NE, Kirkland, Washington 98033. ITEM 2. (a) NAME OF PERSON FILING: This joint statement on Schedule 13G is being filed by David E. Cohen, Ross D. DeMont, Midwood Capital Management LLC, Midwood Capital Partners, L.P. and Midwood Capital Partners QP, L.P., who are collectively referred to as the "Reporting Persons." Messrs. Cohen and DeMont (the "Managers") are the managers of Midwood Capital Management LLC ("Capital"), which is the sole general partner of each of Midwood Capital Partners, L.P. ("LP") and Midwood Capital Partners QP, L.P. ("QP" and together with LP, the "Funds"). The Reporting Persons have entered into a Joint Filing Agreement, dated as of February 22, 2007, a copy of which is filed with this Schedule 13G as Exhibit 1 (which is incorporated herein by reference), pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k) under the Act. (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE: The principal business office of the Reporting Persons with respect to the shares reported hereunder is 575 Boylston St., 4th Floor, Boston, MA 02116. (c) CITIZENSHIP: Capital is a Delaware limited liability company. Each of the Funds is a Delaware limited partnership. Each of the Managers is a U.S. citizen. (d) TITLE AND CLASS OF SECURITIES: Common stock, no par value ("Common Stock") (e) CUSIP Number: 15100A104 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: N/A ITEM 4. OWNERSHIP In the aggregate, as of market close on February 21, 2007, the Reporting Persons beneficially own 554,800 shares of the Common Stock of the Issuer, representing approximately 7.1% of such class of securities. The beneficial ownership of each Reporting Person is as follows: (i) LP beneficially owns 231,770 shares of the Common Stock, representing approximately 3.0% of the class, (ii) QP beneficially owns 323,030 shares of the Common Stock, representing approximately 4.1% of the class, and (iii) Capital, as the sole general partner of each Fund, and Messrs. Cohen and DeMont, as the managers of Capital, each beneficially own 554,800 shares of the Common Stock of the Issuer representing approximately 7.1% of the class. The percentage of the Common Stock beneficially owned by each Reporting Person is based on a total of 7,848,393 shares of the Common Stock of the Issuer outstanding as of December 31, 2006, as CUSIP No. 15100A104 Page 8 of 10 reported in the most recent quarterly report of the Issuer on Form 10-Q for the fiscal quarter ended November 30, 2006. Each Fund has the power to vote and dispose of the shares of Common Stock beneficially owned by such Fund (as described above). Capital, as the sole general partner of the Fund, has the sole authority to vote and dispose of all of the shares of Common Stock reported in this Schedule 13G. Each of the Managers, by virtue of their positions as managers of Capital, has the shared authority to vote and dispose of all of the shares of Common Stock reported in this joint statement Schedule 13G. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS N/A ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON N/A ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON N/A ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP N/A ITEM 9. NOTICE OF DISSOLUTION OF GROUP N/A ITEM 10. CERTIFICATION By signing below I hereby 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. CUSIP No. 15100A104 Page 9 of 10 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: February 22, 2007 ----------------------------- MIDWOOD CAPITAL PARTNERS, L.P. By: Midwood Capital Management LLC General Partner By: /s/ David E. Cohen ----------------------------------- David E. Cohen Manager MIDWOOD CAPITAL PARTNERS QP, L.P. By: Midwood Capital Management LLC General Partner By: /s/ David E. Cohen ----------------------------------- David E. Cohen Manager MIDWOOD CAPITAL MANAGEMENT LLC By: /s/ David E. Cohen ----------------------------------- David E. Cohen Manager CUSIP No. 15100A104 Page 10 of 10 /s/ David E. Cohen ----------------------------------- David E. Cohen /s/ Ross D. DeMont ----------------------------------- Ross D. DeMont EX-99.1 2 b64278ceexv99w1.txt EX-99.1 JOINT FILING AGREEMENT CUSIP No. 15100A104 Page 1 of 2 Exhibit 1 JOINT FILING AGREEMENT Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree, as of February 22, 2007, that only one statement containing the information required by Schedule 13G, and each amendment thereto, need be filed with respect to the ownership by each of the undersigned of shares of common stock of Celebrate Express Inc., and such statement to which this Joint Filing Agreement is attached as Exhibit 1 is filed on behalf of each of the undersigned. MIDWOOD CAPITAL PARTNERS, L.P. By: Midwood Capital Management LLC General Partner By: /s/ David E. Cohen ----------------------------------- David E. Cohen Manager MIDWOOD CAPITAL PARTNERS QP, L.P. By: Midwood Capital Management LLC General Partner By: /s/ David E. Cohen ----------------------------------- David E. Cohen Manager MIDWOOD CAPITAL MANAGEMENT LLC By: /s/ David E. Cohen ----------------------------------- David E. Cohen Manager CUSIP No. 15100A104 Page 2 of 2 /s/ David E. Cohen ----------------------------------- David E. Cohen /s/ Ross D. DeMont ----------------------------------- Ross D. DeMont -----END PRIVACY-ENHANCED MESSAGE-----