-----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, CBSH/KUHlsKruM6SSbX/9fskf0t9n5ZjVmmM5/WCpVofc7PerHEuAo3qI8KQg7/E K6hWm1biyR2fiaEtbZwB+w== 0001341004-07-001892.txt : 20070619 0001341004-07-001892.hdr.sgml : 20070619 20070619112754 ACCESSION NUMBER: 0001341004-07-001892 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070619 DATE AS OF CHANGE: 20070619 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TINICUM CAPITAL PARTNERS II LP CENTRAL INDEX KEY: 0001285997 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 800 THIRD AVENUE STREET 2: 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BREEZE-EASTERN CORP CENTRAL INDEX KEY: 0000099359 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] IRS NUMBER: 954062211 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38259 FILM NUMBER: 07927869 BUSINESS ADDRESS: STREET 1: 700 LIBERTY AVENUE CITY: UNION STATE: NJ ZIP: 07083 BUSINESS PHONE: 908-688-2440 MAIL ADDRESS: STREET 1: 700 LIBERTY AVENUE CITY: UNION STATE: NJ ZIP: 07083 FORMER COMPANY: FORMER CONFORMED NAME: TRANSTECHNOLOGY CORP. DATE OF NAME CHANGE: 20061006 FORMER COMPANY: FORMER CONFORMED NAME: BREEZE-EASTERN CORP DATE OF NAME CHANGE: 20061005 FORMER COMPANY: FORMER CONFORMED NAME: TRANSTECHNOLOGY CORP DATE OF NAME CHANGE: 19920703 SC 13D/A 1 tinicum_sc13da.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13D/A

(Rule 13d-101)

Under the Securities Exchange Act of 1934

 

(Amendment No. 3)

 

BREEZE-EASTERN CORPORATION

 

(Name of Issuer)

 

Common Stock, par value $0.01 per share

 

(Title of Class of Securities)

 

106764103

 

(CUSIP Number)

 

Eric M. Ruttenberg

Tinicum Capital Partners II, L.P.

Tinicum Capital Partners II Parallel Fund, L.P.

c/o Tinicum Lantern II L.L.C.

800 Third Avenue

40th Floor

New York, NY 10022

212-446-9300 (phone)

 

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

June 14, 2007

_______________

(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 §240.13d-1(e), §240.13d-1(f) or §240.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 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).

 

1

 



 

 

SCHEDULE 13D

 

CUSIP No. 106764103

 

 

1.

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

 

Tinicum Capital Partners II, L.P.

 

 

 

2.

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

 

(a)

o

 

(b)

x

 

 

 

3.

SEC Use Only

 

 

 

4.

Source of Funds (See Instructions)

 

WC (see Item 3)

 

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to

Items 2(d) or 2(e) o

 

 

 

6.

Citizenship or Place of Organization

 

Delaware

 

 

 

Number of Shares
Beneficially Owned
by Each Reporting
Persons With

 

7.          Sole Voting Power Shares                                                   0

8.          Shared Voting Power                      2,458,184 (see Item 5)*

9.          Sole Dispositive Power                                                       0

10.       Shared Dispositive Power               2,458,184 (see Item 5)*

 

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,458,184 (See Item 5)*

 

 

 

2

 



 

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) o

 

 

 

13.

Percent of Class Represented by Amount in Row (11)

 

26.5% (see Item 5)

 

 

 

14.

Type of Reporting Person.

 

PN

 

 

 

*

Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934 (the "Act"), the Reporting Person disclaims beneficial ownership of such Shares, and this Statement on Schedule 13D (this "Statement") shall not be construed as an admission that the Reporting Person is the beneficial owner of any securities covered by this Statement.

 

3

 



 

 

 

CUSIP No. 106764103

 

 

1.

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

 

Tinicum Capital Partners II Parallel Fund, L.P.

 

 

 

2.

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

 

(a)

o

 

(b)

x

 

 

 

3.

SEC Use Only

 

 

 

4.

Source of Funds (See Instructions)

 

WC (see Item 3)

 

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to

Items 2(d) or 2(e) o

 

 

 

6.

Citizenship or Place of Organization

 

Delaware

 

 

 

Number of Shares
Beneficially Owned
by Each Reporting
Persons With

 

7.        Sole Voting Power Shares                                                   0

8.        Shared Voting Power                           12,883 (see Item 5)*

9.        Sole Dispositive Power                                                       0

10.      Shared Dispositive Power                    12,883 (see Item 5)*

 

 

 

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

12,883 (see Item 5)*

 

 

 

4

 



 

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

(See Instructions) o

 

 

 

13.

Percent of Class Represented by Amount in Row (11)

 

Less than 1.0% (see Item 5)

 

 

 

14.

Type of Reporting Person.

 

PN

 

 

 

*

Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934 (the "Act"), the Reporting Person disclaims beneficial ownership of such Shares, and this Statement on Schedule 13D (this "Statement") shall not be construed as an admission that the Reporting Person is the beneficial owner of any securities covered by this Statement.

 

5

 



 

 

SCHEDULE 13D

 

This Amendment No. 3 (this “Amendment”) amends the Statement of Beneficial Ownership on Schedule 13D originally filed with the Securities and Exchange Commission on February 17, 2006, as previously amended on April 30, 2007 and June 7, 2007 (as amended, the “Schedule 13D”) by Tinicum Capital Partners II, L.P., a Delaware limited partnership ("TCP"), and Tinicum Capital Partners II Parallel Fund, L.P., a Delaware limited partnership ("TCPP" and together with TCP, the "Reporting Persons") with respect to the Common Stock, par value $0.01 per share (the "Common Stock") of Breeze-Eastern Corporation, formerly TransTechnology Corporation, a Delaware corporation (the "Company"). The address of the principal executive offices of the Company is 700 Liberty Avenue, Union, New Jersey 07083. Unless specifically amended hereby, the disclosures set forth in the Schedule 13D shall remain unchanged. Capitalized terms used herein but not otherwise defined herein shall have the meanings set forth in the Schedule 13D.

Item 3. Source and Amount of Funds or Other Consideration

The Reporting Persons have expended an aggregate of approximately $24,605, not including amounts paid as commission, to acquire 2,100 shares of Common Stock purchased on June 8, 2007, which amounts were funded by cash on hand which had been obtained from capital calls of TCP and TCPP, respectively.

Item 4. Purpose of Transaction

On June 14, 2007, the Reporting Persons received a formal notice from the Company, in accordance with the provision of Section 6.4 of the Stock Purchase Agreement, dated as of February 15, 2006 between the Company and the Reporting Persons, that the Company had determined that additional acquisitions of its equity securities by the Reporting Persons may subject the utilization of the Company's net operating loss carryforwards to certain limitations under Section 382 of the Internal Revenue Code and, accordingly, the Reporting Persons may not acquire additional shares of Common Stock unless and until the Reporting Persons request and receive written approval from the Company to do so. The Reporting Persons may, from time to time, depending on various factors and circumstances, request the Company to permit additional acquisitions of Common Stock by the Reporting Persons.

 

Item 5. Interest in Securities of the Issuer

 

On June 8, 2007, the Reporting Persons purchased an aggregate of 2,100 shares of Common Stock on the American Stock Exchange, in the amounts and at the prices set forth on Annex A hereto.

TCP has direct beneficial ownership of 2,458,184 shares of Common Stock, which represents approximately 26.5% of the outstanding shares of Common Stock.

TCPP has direct beneficial ownership of 12,883 shares of Common Stock, which represents less than 1% of the outstanding shares of Common Stock.

Because the Reporting Persons may be deemed to be under common control, each such Reporting Person may be deemed to beneficially own shares of Common Stock beneficially

 

6

 



 

owned by the other, although each such Reporting Person disclaims such beneficial ownership. If the Reporting Persons are deemed to beneficially own shares of Common Stock beneficially owned by the other, the Reporting Persons' aggregate beneficial ownership of Common Stock would be 2,471,067 shares of Common Stock, which represents approximately 26.6% of the outstanding shares of Common Stock.

The percentages reported pursuant to this Item 5 are calculated based upon the 9,290,421 shares of issued and outstanding shares of Common Stock, as reported as of June 1, 2007 in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2007.

Other than as provided in this Item 5, neither of the Reporting Persons, owns or has any rights to acquire, directly or indirectly, any Common Stock.

 

 

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: June 19, 2007

TINICUM CAPITAL PARTNERS II, L.P.

 

By:

TINICUM LANTERN, L.L.C.

 

Its:

General Partner

 

 

By:

/s/ Eric Ruttenberg

 

 

Name:

Eric Ruttenberg

 

 

Title:

Co-Managing Member

 

 

 

TINICUM CAPITAL PARTNERS II PARALLEL FUND, L.P.

 

By:

TINICUM LANTERN, L.L.C.

 

Its:

General Partner

 

 

By:

/s/ Eric Ruttenberg

 

 

Name:

Eric Ruttenberg

 

 

Title:

Co-Managing Member

 

 

 

8

 



 

 

Annex A

 

The Reporting Persons purchased Common Stock in the amounts and at the prices set forth below:

 

Reporting Person

Amount

Price ($)

TCP

2,089

11.72

TCPP

11

11.72

Total

2,100

11.72

 

 

 

1

 

 

 

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