0000899140-05-000135.txt : 20120725
0000899140-05-000135.hdr.sgml : 20120725
20050215170455
ACCESSION NUMBER: 0000899140-05-000135
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050215
DATE AS OF CHANGE: 20050215
GROUP MEMBERS: BEDFORD OAK ADVISORS, LLC
GROUP MEMBERS: HARVEY P. EISEN
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: NATIONAL PATENT DEVELOPMENT CORP
CENTRAL INDEX KEY: 0001279715
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]
IRS NUMBER: 134005439
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-80180
FILM NUMBER: 05618029
BUSINESS ADDRESS:
STREET 1: 777 WESTCHESTER AVE.
STREET 2: FOURTH FLOOR
CITY: WHITE PLAINS
STATE: NY
ZIP: 10640
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: BEDFORD OAK PARTNERS LP
CENTRAL INDEX KEY: 0001066753
IRS NUMBER: 061504646
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 100 SOUTH BEDFORD ROAD
CITY: MT KISCO
STATE: NY
ZIP: 10549
BUSINESS PHONE: 9142425725
SC 13G/A
1
b021405.txt
AMENDMENT TO INITIAL FILING
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
National Patent Development Corporation
---------------------------------------
(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
---------------------------------------
(Title of Class of Securities)
637132101
----------
(CUSIP Number)
December 31, 2004
-----------------
(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 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).
Page 1 of 8
---------------------------------------- --------------------------
CUSIP No. 637132101 13G Page 2 of 8 Pages
---------------------------------------- --------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bedford Oak Partners, L.P. 06-1504646
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ----- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,431,500 (see Item 4)
EACH ----- ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
x 0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,431,500 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,431,500 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.7% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
Page 2 of 8 pages
---------------------------------------- --------------------------
CUSIP No. 637132101 13G Page 3 of 8 Pages
---------------------------------------- --------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bedford Oak Advisors, LLC 13-4007124
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
F 5 SOLE VOTING POWER
0
NUMBER OF ----- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 2,431,500 (see Item 4)
BY ----- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ----- --------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,431,500 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,431,500 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.7% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
---------- ---------------------------------------------------------------------
Page 3 of 8 pages
---------------------------------------- --------------------------
CUSIP No. 637132101 13G Page 4 of 8 Pages
---------------------------------------- --------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harvey P. Eisen
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 2,431,500 (see Item 4)
BY EACH ----- ---------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,431,500 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,431,500 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.7% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 8 pages
Item 1(a) Name of Issuer:
---------------
National Patent Development Corporation ("the Company")
Item 1(b) Address of Issuer's Principal Executive Offices:
------------------------------------------------
777 Westchester Avenue
White Plains, New York 10604
Items 2(a) and 2(b) Name of Person Filing and Business Office:
------------------------------------------
This statement is filed by: (i) Bedford Oak
Partners, L.P.("BOP"); (ii) Bedford Oak
Advisors, LLC ("Investment Manager") in its
capacity as the investment manager of BOP;
and (iii) Harvey P. Eisen, in his capacity as
managing member of the Investment Manager.
The principal business address of each
reporting person is 100 South Bedford Road,
Mt. Kisco, New York 10549.
Item 2(c) Citizenship:
------------
BOP is a Delaware limited partnership
The Investment Manager is a Delaware limited
liability company Mr. Eisen is a United
States citizen.
Item 2(d) Title of Class of Securities:
-----------------------------
Common Stock, par value $0.01 per share ("Common Stock")
Item 2(e) CUSIP Number:
-------------
637132101
Item 3 Not Applicable
Item 4 Ownership:
----------
The percentages used herein are calculated
based upon 17,798,585 shares of Common Stock
issued and outstanding as of December 15,
2004, as disclosed by the Company in its
quarterly report filed on Form 10-Q on
December 23, 2004.
As of the close of business on February 14, 2005:
1. Bedford Oak Partners, L.P.
(a) Amount beneficially owned: -2,431,500-
(b) Percent of class: 13.7%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
-2,431,500-
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: -2,431,500-
Page 5 of 8 pages
2. Bedford Oak Advisors, LLC
(a) Amount beneficially owned: -2,431,500-
(b) Percent of class: 13.7%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
-2,431,500-
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: -2,431,500-
3. Harvey P. Eisen
(a) Amount beneficially owned: -2,431,500-
(b) Percent of class: 13.7%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
-2,431,500-
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: -2,431,500-
The Investment Manager controls 2,431,500
shares of Common Stock in its capacity as
the investment manager of Bedford Oak
Partners, L.P., which owns 2,431,500 shares
of Common Stock. Harvey P. Eisen controls
2,431,500 shares of Common Stock in his
capacity as the managing member of the
Investment Manager.
Item 5 Ownership of Five Percent or Less of a Class:
---------------------------------------------
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of
------------------------------------------------
Another Person:
---------------
Not Applicable
Item 7 Identification and Classification of the
--------------------------------------------
Subsidiary Which Acquired the Security Being
--------------------------------------------
Reported on By the Parent Holding Company:
--------------------------------------------
Not Applicable
Item 8 Identification and Classification of Members
--------------------------------------------
of the Group:
-------------
Not Applicable
Item 9 Notice of Dissolution of Group:
-------------------------------
Not Applicable
Page 6 of 8 pages
Item 10 Certification:
--------------
By signing below the signatory certifies that, to the best of his 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 or
effect.
Page 7 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.
Dated: February 15, 2005
BEDFORD OAK PARTNERS, L.P.
By: Bedford Oak Management, LLC, its
General Partner
By: /s/ Harvey P. Eisen
-------------------------------
Name: Harvey P. Eisen
Title: Chairman and Managing Member
BEDFORD OAK ADVISORS, LLC
By: /s/ Harvey P. Eisen
-------------------------------
Name: Harvey P. Eisen
Title: Chairman and Managing Member
HARVEY P. EISEN
/s/ Harvey P. Eisen
--------------------
Page 8 of 8 pages