-----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, UqkJ4Vm8hvAFoqNCdde0BvnG6xOvZysuW9L4hmcd93XVMrUoUh2Lx5NjMX935a8E T06OAa0Ti4WZjaosCa3E3g== 0000950136-04-000403.txt : 20040213 0000950136-04-000403.hdr.sgml : 20040213 20040213131944 ACCESSION NUMBER: 0000950136-04-000403 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TELECOMMUNICATION SYSTEMS INC /FA/ CENTRAL INDEX KEY: 0001111665 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 521526369 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61015 FILM NUMBER: 04596853 BUSINESS ADDRESS: STREET 1: 275 WEST ST CITY: ANNAPOLIS STATE: MD ZIP: 21401 BUSINESS PHONE: 4102637616 MAIL ADDRESS: STREET 1: 275 WEST ST CITY: ANNAPOLIS STATE: MD ZIP: 21401 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.txt SCHEDULE 13D AMENDMENT NO. 1 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) TELECOMMUNICATION SYSTEMS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) CLASS A COMMON STOCK - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 87929J103 - -------------------------------------------------------------------------------- (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 24, 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. 87929J103 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 778,500 SHARES ------------------------------------------------------ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 0 REPORTING ------------------------------------------------------ PERSON WITH 9. SOLE DISPOSITIVE POWER 778,500 ------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 778,500 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 3.6 - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------- ----------------- CUSIP No. 87929J103 Page 3 of 5 Pages - ------------------- ----------------- This Amendment No. 1 amends the Schedule 13D filed by the Reporting Person on September _, 2003. The purpose of this Amendment is to reflect the sale of Shares. Capitalized terms used but not defined herein shall have the respective meanings set forth in the Schedule D. Only those items reported herein are being amended. All other items remain unchanged. ITEM 1 SECURITY AND ISSUER Title of Class of Securities Common stock $.001 par value per share (the "Shares") Name and Address of Issuer TeleCommunication Systems, Inc. 275 West Street Annapolis, Md 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. 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"). - ------------------- ----------------- CUSIP No. 87929J103 Page 4 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 the aggregate amount of 778,500 shares representing approximately 3.9% of the outstanding shares of the Issuer (based upon 21,470,549 shares outstanding as of October 15, 2003, as reported on the latest Quarterly Report on Form 10-Q of the Issuer filed on October 24, 2003) owned by the Funds. The Manager disclaims any economic interest or beneficial ownership of the shares covered by this Statement. (c) Item 5(c) is hereby amended and restated as follows: The Funds sold an aggregate of 585,821 Shares in the open market on the dates and for the prices per Share listed below: Date # of Shares sold Price per Share - ---- ---------------- --------------- October 8, 2003 27,800 $4.7518 October 9, 2003 18,317 $4.7474 October 10, 2003 1,800 $4.6317 October 17, 2003 27,700 $5.3670 October 20, 2003 44,150 $5.5968 October 20, 2003 75,000 $5.5205 October 21, 2003 169,000 $5.7962 October 22, 2003 196,975 $5.9816 October 23, 2003 10,000 $5.8274 October 24, 2003 15,079 $5.9808 (d) None. (d) Inapplicable. (e) Inapplicable. ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER None. - ------------------- ----------------- CUSIP No. 87929J103 Page 5 of 5 Pages - ------------------- ----------------- 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. February 14, 2004 ----------------- (Dated) /s/ Lawrence C. Longo --------------------- (Signature) Chief Operating Officer ----------------------- (Title) -----END PRIVACY-ENHANCED MESSAGE-----