0001164073-05-000009.txt : 20120629 0001164073-05-000009.hdr.sgml : 20120629 20050309115816 ACCESSION NUMBER: 0001164073-05-000009 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050309 DATE AS OF CHANGE: 20050309 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADA-ES INC CENTRAL INDEX KEY: 0001223112 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 841457335 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79394 FILM NUMBER: 05668548 MAIL ADDRESS: STREET 1: 8100 SOUTHPARK WAY B CITY: LITTLETON STATE: CO ZIP: 80120 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HUMMINGBIRD MANAGEMENT LLC CENTRAL INDEX KEY: 0001164073 IRS NUMBER: 134082842 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 460 PARK AVENUE, 12TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125210974 MAIL ADDRESS: STREET 1: 460 PARK AVENUE, 12TH FL CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: MORNINGSIDE VALUE INVESTORS LLC DATE OF NAME CHANGE: 20011226 SC 13D/A 1 ades13da050309.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Amendment #5 ADA-ES Inc. (NAME OF ISSUER) Common Stock no par value (TITLE OF CLASS OF SECURITIES) 005208103 (CUSIP NUMBER) Paul D. Sonkin Hummingbird Management, LLC (f/k/a Morningside Value Investors, LLC) 460 Park Avenue, 12th Floor New York, New York 10022 212-750-7117 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) March 4, 2005 (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. *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). (Continued on following pages) (Page 1 of 6 pages) CUSIP No. 005208103 13D/A Page 2 of 6 Pages ------------------------------------------------------------------------------ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Hummingbird Management, LLC (f/k/a Morningside Value Investors, LLC) IRS No. 13-4082842 ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) [x] (b) [ ] ------------------------------------------------------------------------------ 3. SEC USE ONLY ------------------------------------------------------------------------------ 4. SOURCES OF FUNDS OO ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ NUMBER OF 7. SOLE VOTING POWER 0 SHARES ------------------------------------------------------------ BENEFICIALLY 8. SHARED VOTING POWER 229,457 OWNED BY ------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 224,107 REPORTING ------------------------------------------------------------ PERSON WITH 10. SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 229,457 ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ] ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 4.8% ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON* OO ------------------------------------------------------------------------------ (Page 2 of 6 Pages) CUSIP No. 005208103 13D/A Page 3 of 6 Pages ------------------------------------------------------------------------------ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Paul D. Sonkin ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) [x] (b) [ ] ------------------------------------------------------------------------------ 3. SEC USE ONLY ------------------------------------------------------------------------------ 4. SOURCES OF FUNDS PF ------------------------------------------------------------------------------ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] ------------------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ------------------------------------------------------------------------------ NUMBER OF 7. SOLE VOTING POWER 0 SHARES ------------------------------------------------------------ BENEFICIALLY 8. SHARED VOTING POWER 229,457 OWNED BY ------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 5,350 REPORTING ------------------------------------------------------------ PERSON WITH 10. SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 229,457 ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ] ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 4.8% ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON* IN ------------------------------------------------------------------------------ (Page 3 of 6 Pages) CUSIP No. 005208103 13D/A Page 4 of 6 Pages AMENDMENT NO. 5 TO SCHEDULE 13D This Amendment No. 4, dated March 9, 2005, to Schedule 13D is filed by the Reporting Persons and amends Schedule 13D/A as previously filed by the Reporting Persons with the Securities and Exchange Commission on December 13, 2004 (the "Schedule 13D"), relating to the Common Stock no par value (the "Common Stock") of ADE-ES, a Colorado corporation. Items 3 and 5 of the Schedule 13D are hereby amended and restated, as follows: ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION As of March 9, 2005, Hummingbird has caused each of HVF, Microcap Fund and Concentrated Fund to invest approximately $552,475, $419,335, and $634,296 respectively, in the Shares of the Issuer using their respective working capital. Sonkin has invested $38,342 in Shares of the issuer using Personal Funds. ITEM 5 INTEREST IN SECURITIES OF THE ISSUER (a) The Reporting Persons aggregately beneficially own 229,457, or 4.8% of the Common Stock of the Issuer, based upon 4,764,586 shares outstanding as of October 29, 2004, as reported on the latest 10-QSB of the Issuer. (b) Hummingbird has shared voting power over 229,457 Shares of the Issuer. Hummingbird has sole dispositive power over 224,107 Shares. As the holder of sole voting and investment authority over the Shares owned by HVF, the Microcap Fund and the Concentrated Fund, Hummingbird 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 224,107 Shares of the Issuer. Hummingbird disclaims any economic interest or beneficial ownership of the Shares covered by this Statement. (Page 4 of 6 Pages) CUSIP No. 005208103 13D/A Page 5 of 6 Pages Mr. Sonkin is the managing member and control person of Hummingbird, and for purposes of Rule 13d-3 may be deemed the beneficial owner of such Shares deemed to be beneficially owned by Hummingbird. Thus, Mr. Sonkin may be deemed, for purposes of Rule 13d-3, to be the beneficial owner of 229,457 Shares of the Issuer Mr. Sonkin disclaims any economic interest or beneficial ownership of these Shares. Mr. Sonkin is also the owner of 5,350 Shares and has sole dispositive power over 5,350 Shares. He has shared voting power over 229,457 Shares. (c) Hummingbird caused HVF to effect transactions in the Shares during the past 60 days as set forth below:
AMOUNT OF DATE TYPE SHARES PRICE/SHARE ---- ---- ------ ----------- 1/10/2005 open market sale 708 27.506 1/12/2005 open market sale 563 27.250 1/13/2005 open market sale 814 27.250 1/25/2005 open market sale 634 25.601 1/26/2005 open market sale 708 25.985 1/31/2005 open market sale 700 27.262 2/1/2005 open market sale 185 27.900 2/1/2005 open market sale 185 27.800 2/14/2005 open market sale 600 28.001 2/18/2005 open market sale 90 28.180 3/4/2005 open market sale 3,340 29.371 3/8/2005 open market sale 520 29.437
Hummingbird caused the Microcap Fund to effect transactions in the Shares during the past 60 days as set forth below:
AMOUNT OF DATE TYPE SHARES PRICE/SHARE ---- ---- ------ ----------- 1/10/2005 open market sale 541 27.506 1/12/2005 open market sale 406 27.250 1/13/2005 open market sale 623 27.250 1/25/2005 open market sale 598 25.601 1/26/2005 open market sale 541 25.985 1/31/2005 open market sale 700 27.262 2/1/2005 open market sale 141 27.800 2/1/2005 open market sale 141 27.900 2/14/2005 open market sale 600 28.001 2/18/2005 open market sale 119 28.180 3/4/2005 open market sale 2,535 29.371 3/8/2005 open market sale 394 29.437
(Page 5 of 6 Pages) CUSIP No. 005208103 13D/A Page 6 of 6 Pages Hummingbird caused the Concentrated Fund to effect transactions in the Shares during the past 60 days as set forth below:
AMOUNT OF DATE TYPE SHARES PRICE/SHARE ---- ---- ------ ----------- 1/10/2005 open market sale 751 27.506 1/12/2005 open market sale 531 27.250 1/13/2005 open market sale 863 27.250 1/25/2005 open market sale 458 25.601 1/26/2005 open market sale 751 25.985 1/28/2005 open market sale 11,000 24.819 1/31/2005 open market sale 700 27.262 2/1/2005 open market sale 174 27.800 2/1/2005 open market sale 174 27.900 2/14/2005 open market sale 800 28.001 2/18/2005 open market sale 112 28.180 3/4/2005 open market sale 3,125 29.371 3/8/2005 open market sale 486 29.437
Sonkin has effected transactions in the Shares during the past 60 days as set forth below:
AMOUNT OF DATE TYPE SHARES PRICE/SHARE ---- ---- ------ ----------- 3/9/2005 open market sale 465 30.41
(d) Inapplicable. (e) Inapplicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: March 9, 2005 HUMMINGBIRD MANAGEMENT, LLC By: /s/ Paul D. Sonkin ----------------------------- Name: Paul D. Sonkin Title: Managing Member By: /s/ Paul D. Sonkin ----------------------------- Name: Paul D. Sonkin