-----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, EcRU15I+/Wf/2fS2hwt0E+xeP6v/PEfU1HDn0OOezQRSz+NE22+xVA5FaW8P9oFo iUWowhix5dr6TfaOdwNQnw== 0001104659-04-000371.txt : 20040108 0001104659-04-000371.hdr.sgml : 20040108 20040108103839 ACCESSION NUMBER: 0001104659-04-000371 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040108 GROUP MEMBERS: JDS CAPITAL MANAGEMENT, LLC GROUP MEMBERS: JOSEPH D. SAMBERG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HEALTHETECH INC CENTRAL INDEX KEY: 0001141215 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 770478611 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-78393 FILM NUMBER: 04514603 BUSINESS ADDRESS: STREET 1: 523 PARK POINT DRIVE STREET 2: 3RD FLOOR CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 303-526-5085 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JDS CAPITAL LP CENTRAL INDEX KEY: 0001264533 IRS NUMBER: 133918633 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 780 THIRD AVENUE STREET 2: 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128339921 SC 13D 1 a04-1027_4sc13d.htm SC 13D

SEC 1746
(11-02)


Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 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)

Under the Securities Exchange Act of 1934
(Amendment No.     )*

HEALTHETECH, INC.

(Name of Issuer)

 

COMMON STOCK

(Title of Class of Securities)

 

422210104

(CUSIP Number)

 

Eric Roth, Esq.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Chrysler Center

666 Third Avenue

New York, New York 10017

(212) 935-3000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

December 23, 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 § 240.13d-7(b) for other parties to whom copies are to be sent.

*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 (“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.   422210104

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
JDS Capital, L.P.
13-4189233

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [     ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     [    ]

 

 

6.

Citizenship or Place of Organization
State of Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power

 

8.

Shared Voting Power
4,473,684*

 

9.

Sole Dispositive Power

 

10.

Shared Dispositive Power
4,473,684*

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,473,684*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [    ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
12.12%*

 

 

14.

Type of Reporting Person (See Instructions)
PN

 


*See Item 1 and Item 5 below.

 

2



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
JDS Capital Management, LLC.,
13-3918633

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [     ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     [    ]

 

 

6.

Citizenship or Place of Organization
State of Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power

 

8.

Shared Voting Power
4,473,684*

 

9.

Sole Dispositive Power

 

10.

Shared Dispositive Power
4,473,684*

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,473,684*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [    ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
12.12%*

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


*See Item 1 and Item 5 below.

 

3



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Joseph D. Samberg

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [     ]

 

 

(b)

 [ X ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     [    ]

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,455,525*

 

8.

Shared Voting Power
4,473,684*

 

9.

Sole Dispositive Power
1,455,525*

 

10.

Shared Dispositive Power
4,473,684*

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
5,929,209*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [    ]

 

 

13.

Percent of Class Represented by Amount in Row (11)
16.07%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*See Item 1 and Item 5 below.

 

4



 

Item 1.

Security and Issuer

This statement on Schedule 13D relates to the common stock, par value $.001 per share (the “Common Stock”), of HealtheTech, Inc., a Delaware corporation (the “Issuer”). The address of the Issuer’s principal executive offices is 523 Park Point Drive, 3rd Floor, Golden, Colorado 80401.

As the acquisition reported in this filing occurred on December 23, 2003, the amounts stated do not reflect the 1-for-5 reverse stock split which occurred on December 31, 2003.  All future filings will be stated on a post-split basis.

Item 2.

Identity and Background

This statement is being filed jointly by JDS Capital, L.P. (“JDS”), JDS Capital Management, LLC (“JDSCM”) and Joseph D. Samberg (collectively, the “Reporting Persons”). JDS is a Delaware limited partnership principally engaged in investing in securities.  JDSCM is a Delaware limited liability company principally engaged in serving as the general partner of JDS.  Joseph D. Samberg is a citizen of the United States and the managing member of JDSCM. The address of the principal business office of each of JDS, JDSCM and Joseph D. Samberg is 780 Third Avenue, 45th Floor, New York, NY 10017. 

During the last five years, neither the Reporting Persons nor any executive officer or director of the Reporting Persons have (i) been convicted in any criminal proceeding or (ii) been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was subject to any 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.

Item 3.

Source and Amount of Funds or Other Consideration

As more fully described in Item 4 hereof, JDS entered into the Purchase Agreement (as such term is defined in Item 4) with respect to the transactions contemplated thereby. The funds for the purchase of the Common Stock and the issuance of the Warrant (as such term is defined in Item 4) to be held by JDS were obtained from the contributions of JDS’s limited partners.

Copies of the form of Purchase Agreement and the form of Warrant are filed herewith as Exhibits 1 and 2, respectively, and incorporated herein by reference, and the descriptions herein of the Purchase Agreement and the Warrant are qualified in their entirety by reference to the Purchase Agreement and the Warrant.

Item 4.

Purpose of Transaction

JDS acquired the shares of Common Stock pursuant to the terms of the Purchase Agreement. JDS considers the shares of Common Stock that it beneficially owns as an investment made in the ordinary course of its business. JDS intends to review on a continuing basis its investment in the Issuer, including the Issuer’s business, financial condition and operating results and general market and industry conditions and, based upon such review, may

 

5



 

acquire additional shares of Common Stock or dispose of shares of Common Stock in the open market, in privately negotiated transactions or in any other lawful manner.

On December 23, 2003, the Issuer entered into a securities purchase agreement (the “Purchase Agreement”), with JDS, pursuant to which the Issuer: (i) sold 2,631,579 shares of Common Stock to JDS, at a per share price of $0.76 per share; and (ii) issued a warrant (the “Warrant”) to JDS entitling JDS to purchase from the Issuer 1,842,105 shares of Common Stock at an exercise price of $0.76 per share. The Warrant is immediately exercisable and expires on December 22, 2013. The shares of Common Stock and the Warrant issued to JDS have not been registered under the Securities Act of 1933, or any state securities laws. However, pursuant to the terms of the Purchase Agreement, the Issuer has agreed to file a registration statement for the resale of the shares of Common Stock and the shares of Common Stock underlying the Warrant within thirty (30) days following the closing of the transactions contemplated by the Purchase Agreement.

Copies of the form of Purchase Agreement and the form of Warrant are filed herewith as Exhibits 1 and 2, respectively, and incorporated herein by reference, and the descriptions herein of the Purchase Agreement and the Warrant are qualified in their entirety by reference to the Purchase Agreement and the Warrant.

Except as described herein, the Reporting Persons currently have no plan or proposal which relates to or would result in any of the actions or transactions described in paragraphs (a) through (j) of Item 4 of the instructions to this report.

Item 5.

Interest in Securities of the Issuer

(a) and (b)

JDS, JDSCM (as the general partner of JDS) and Joseph D. Samberg (as the managing member of JDSCM) are deemed to beneficially own an aggregate of 4,473,684 shares of Common Stock (consisting of 2,631,579 shares of Common Stock acquired by JDS pursuant to the Purchase Agreement and 1,842,105 shares of Common Stock that may be acquired by JDS upon exercise of the Warrant), representing approximately 12.12% of the 35,063,058 shares of Common Stock outstanding (assuming the issuance of 1,842,105 shares of Common Stock upon exercise of the Warrant).  JDS is the direct beneficial owner, and JDSCM (as the general partner of JDS) and Joseph D. Samberg (as the managing member of JDSCM) are deemed to be the indirect beneficial owners, of the 4,473,684 shares of Common Stock.  JDSCM and Joseph D. Samberg disclaim beneficial ownership of the shares of Common Stock directly beneficially owned by JDS (except for the indirect pecuniary interest of JDSCM and Joseph D. Samberg arising therein).  JDS, JDSCM and Joseph D. Samberg have shared power to direct the vote and shared power to direct the disposition of these shares of Common Stock.

Joseph D. Samberg is deemed to beneficially own an aggregate of 1,455,525 shares of Common Stock, representing approximately 4.15% of the number of shares of Common Stock outstanding. Joseph D. Samberg is deemed to be the direct beneficial owner of the 1,455,525 shares of Common Stock.  Joseph D. Samberg has sole power to direct the vote and sole power to direct the disposition of these shares of Common Stock.

 

6



 

The 5,929,209 shares of Common Stock of which Joseph D. Samberg is deemed to be the direct and indirect beneficial owner represent approximately 16.07% of the outstanding shares of Common Stock. (assuming the issuance of 1,842,105 shares of Common Stock upon exercise of the Warrant).

As the acquisition reported in this filing occurred on December 23, 2003, the amounts stated do not reflect the 1-for-5 reverse stock split which occurred on December 31, 2003.  All future filings will be stated on a post-split basis.

(c)    Except as otherwise stated herein, none of the Reporting Persons has effected any transaction relating to the Common Stock during the past 60 days.

(d)    Not applicable.

(e)    Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Reference is made to the form of Purchase Agreement and the form of Warrant described in Items 3 and 4, which are filed herewith as Exhibits 1 and 2, respectively, and are incorporated herein by reference, and the descriptions herein of the Purchase Agreement and the Warrant are qualified in their entirety by reference to the Purchase Agreement and the Warrant.

In connection with the transactions contemplated by the Purchase Agreement, the Issuer issued to JDS the Common Stock and the Warrant. The Warrant has an exercise price of $0.76 per share, is immediately exercisable and expires on December 22, 2013. The shares of Common Stock and the Warrant issued to JDS have not been registered under the Securities Act of 1933, or any state securities laws. However, pursuant to the terms of the Purchase Agreement, the Issuer has agreed to file a registration statement for the resale of the shares of Common Stock and the shares of Common Stock underlying the Warrant within thirty (30) days following the closing of the transactions contemplated by the Purchase Agreement.

Except as described herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the persons named in Item 2 hereof and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any other securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies.

Item 7.

Material to Be Filed as Exhibits

Exhibit 1

Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.52 to the Issuer’s Form 8-K, filed with the SEC on October 9, 2003).

Exhibit 2

Form of Warrant (incorporated by reference to Exhibit 10.53 to the Issuer’s Form 8-K, filed with the SEC on October 9, 2003).

 

7



 

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:

January 7, 2004

 

 

JDS CAPITAL L.P.

By: JDS Capital Management, LLC,
its general partner

 

By: /s/ Joseph D. Samberg

 

Name:  Joseph D. Samberg

Title: Managing Member

 

 

JDS CAPITAL MANAGEMENT, LLC

 

By: /s/ Joseph D. Samberg

 

Name:  Joseph D. Samberg

Title: Managing Member

 

 

/s/ Joseph D. Samberg

 

Joseph D. Samberg

 

8



 

INDEX TO EXHIBITS

 

Exhibit

 

Description

 

 

 

Exhibit 1

 

Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.52 to the Issuer’s Form 8-K, filed with the SEC on October 9, 2003).

 

 

 

Exhibit 2

 

Form of Warrant (incorporated by reference to Exhibit 10.53 to the Issuer’s Form 8-K, filed with the SEC on October 9, 2003).

 

9


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