-----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, R3+qi+Gymv+eJYO7CXOLbsPyUR1/NeX2z95Fh2TiMIkm/K6U3iUm0Rc5drd2YwBT SGMSD4Kre72y8nyuEV6GDQ== 0001144204-10-011028.txt : 20100302 0001144204-10-011028.hdr.sgml : 20100302 20100302165459 ACCESSION NUMBER: 0001144204-10-011028 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100302 DATE AS OF CHANGE: 20100302 GROUP MEMBERS: SIGMA BERLINER, LLC GROUP MEMBERS: SIGMA CAPITAL ADVISORS, LLC GROUP MEMBERS: SIGMA CAPITAL PARTNERS, LLC GROUP MEMBERS: THOM WAYE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BERLINER COMMUNICATIONS INC CENTRAL INDEX KEY: 0000826773 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 752233445 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61031 FILM NUMBER: 10649907 BUSINESS ADDRESS: STREET 1: 97 LINDEN AVENUE CITY: ELMWOOD PARK STATE: NJ ZIP: 07407 BUSINESS PHONE: 201.791.3200 MAIL ADDRESS: STREET 1: 97 LINDEN AVENUE CITY: ELMWOOD PARK STATE: NJ ZIP: 07407 FORMER COMPANY: FORMER CONFORMED NAME: NOVO NETWORKS INC DATE OF NAME CHANGE: 20010104 FORMER COMPANY: FORMER CONFORMED NAME: EVENTURES GROUP INC DATE OF NAME CHANGE: 19990902 FORMER COMPANY: FORMER CONFORMED NAME: ADINA INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sigma Opportunity Fund LLC CENTRAL INDEX KEY: 0001291480 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 800 THIRD AVENUE STREET 2: SUITE 1701 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122016636 MAIL ADDRESS: STREET 1: 800 THIRD AVENUE STREET 2: SUITE 1701 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 v175983_sc13da.htm Unassociated Document
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D/A
(Rule 13d-101)

INFORMATION TO BE IN INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)

(Amendment No. 2)1

BERLINER COMMUNICATIONS, INC.
(Name of Issuer)

COMMON STOCK, PAR VALUE $.00002 PER SHARE
(Title of Class of Securities)

670099100
(CUSIP Number)

 
copy to:
   
Thom Waye
Kevin W. Waite, Esq.
Sigma Capital Advisors, LLC
Moomjian, Waite, Wactlar & Coleman, LLP
800 Third Avenue
100 Jericho Quadrangle
Suite 1701
Suite 225
New York, New York 10022
Jericho, New York 11753

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

February 26, 2010
(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 Rule13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)

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 disclosure 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 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  notes).

 

 

CUSIP No.  670099100
13D
Page 2 of 10 Pages

1.
NAME OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Sigma Opportunity Fund, LLC
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)  ¨
   
(b)  x
   
3.
SEC USE ONLY
   
   
4.
SOURCE OF FUNDS *
   
 
OO
   
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
 
   
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
   

NUMBER OF
7.
SOLE VOTING POWER
4,489,795
SHARES
     
BENEFICIALLY
8.
SHARED VOTING POWER
-0-
OWNED BY
     
EACH
9.
SOLE DISPOSITIVE POWER
4,489,795
REPORTING
     
PERSON WITH
10.
SHARED DISPOSITIVE POWER
-0-

11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,489,795
   
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
¨
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.37% (1)
   
14.
TYPE OF REPORTING PERSON *
 
OO - Limited Liability Company
   
(1)  See footnote no. 1 of Item 5 of this Amendment which is incorporated herein by reference.
 

 
CUSIP No.  670099100
13D
Page 3 of 10 Pages
 
1.
NAME OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Sigma Capital Advisors, LLC
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)  ¨
   
(b)  x
   
3.
SEC USE ONLY
   
   
4.
SOURCE OF FUNDS *
   
 
OO
   
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
 
   
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
   

NUMBER OF
7.
SOLE VOTING POWER
7,994,789 (1)
SHARES
     
BENEFICIALLY
8.
SHARED VOTING POWER
-0-
OWNED BY
     
EACH
9.
SOLE DISPOSITIVE POWER
7,994,789 (1)
REPORTING
     
PERSON WITH
10.
SHARED DISPOSITIVE POWER
-0-
   
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,994,789 (1)
   
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
¨
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
11.31% (2)
   
14.
TYPE OF REPORTING PERSON *
 
OO - Limited Liability Company
   
(1) Consists of 7,819,789 shares of Common Stock and 175,000 shares of Common Stock underlying warrants.
(2)  See footnote no. 1 of Item 5 of this Amendment which is incorporated herein by reference.

 

 


CUSIP No.  670099100
13D
Page 4 of 10 Pages
 
1.
NAME OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Sigma Capital Partners, LLC
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)  ¨
   
(b)  x
   
3.
SEC USE ONLY
   
   
4.
SOURCE OF FUNDS *
   
 
OO
   
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
 
   
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
   
  
NUMBER OF
7.
SOLE VOTING POWER
7,994,789 (1)
SHARES
     
BENEFICIALLY
8.
SHARED VOTING POWER
-0-
OWNED BY
     
EACH
9.
SOLE DISPOSITIVE POWER
7,994,789 (1)
REPORTING
     
PERSON WITH
10.
SHARED DISPOSITIVE POWER
-0-
  
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,994,789 (1)
   
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
¨
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
11.31% (2)
   
14.
TYPE OF REPORTING PERSON *
 
OO - Limited Liability Company
   
(1)  Consists of 7,819,789 shares of common stock and 175,000 shares of common stock underlying warrants.
(2)  See footnote no. 1 of Item 5 of this Amendment which is incorporated herein by reference.
 

CUSIP No.  670099100
13D
Page 5 of 10 Pages
 
1.
NAME OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
 
Sigma Berliner, LLC
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)  ¨
   
(b)  x
   
3.
SEC USE ONLY
   
   
4.
SOURCE OF FUNDS *
   
 
OO
   
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
 
   
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
   
NUMBER OF
7.
SOLE VOTING POWER
2,170,407
SHARES
     
BENEFICIALLY
8.
SHARED VOTING POWER
-0-
OWNED BY
     
EACH
9.
SOLE DISPOSITIVE POWER
2,170,407
REPORTING
     
PERSON WITH
10.
SHARED DISPOSITIVE POWER
-0-
  
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,170,407
   
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
¨
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
3.08% (1)
   
14.
TYPE OF REPORTING PERSON *
 
OO - Limited Liability Company
   
(1)  See footnote no. 1 of Item 5 of this Amendment which is incorporated herein by reference.
 

CUSIP No.  670099100
13D
Page 6 of 10 Pages
 
1.
NAME OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Thom Waye
   
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)  ¨
   
(b)  x
   
3.
SEC USE ONLY
   
   
4.
SOURCE OF FUNDS *
   
 
OO
   
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
 
   
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
U.S.A.
   
NUMBER OF
7.
SOLE VOTING POWER
8,019,789 (1)
SHARES
     
BENEFICIALLY
8.
SHARED VOTING POWER
-0-
OWNED BY
     
EACH
9.
SOLE DISPOSITIVE POWER
8,019,789 (1)
REPORTING
     
PERSON WITH
10.
SHARED DISPOSITIVE POWER
-0-
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
8,019,789 (1)
   
   
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
¨
   
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
11.34% (2)
   
14.
TYPE OF REPORTING PERSON *
 
IN
   
(1) Consists of 7,844,789 shares of common stock and 175,000 shares of common stock underlying warrants.
(2) See footnote no. 1 of Item 5 of this Amendment which is incorporated herein by reference.

*SEE INSTRUCTIONS BEFORE FILLING OUT
INTRODUCTION

 

 
  
This Amendment No. 2 (“Amendment”) amends and supplements the Schedule 13D, dated December 29, 2006, as amended by Amendment No. 1, dated April 18, 2008 (collectively, the “Schedule 13D”), filed by Sigma Opportunity Fund, LLC (“Sigma Fund”), Sigma Capital Advisors, LLC (“Sigma Advisors”), Sigma Capital Partners, LLC (“Sigma Partners”), Sigma Berliner, LLC (“Sigma Berliner”) and Thom Waye, as specifically set forth herein.  Except as amended hereby, the information in the Schedule 13D remains accurate in all respects.  Capitalized terms used and not otherwise herein defined shall have the meanings ascribed to such terms in the Schedule 13D.

Item 3.   Source and Amount of Funds or Other Consideration.

On February 26, 2010, Sigma Opportunity Fund II, LLC (“Sigma Fund II”) and Sigma Advisors, respectively, acquired 1,000,000 and 55,931 shares of Common Stock from a third party in connection with a right obtained due to the nonpayment of $359,589 on a loan made by Sigma Fund II to the third party.

Item 5.   Interest in Securities of the Issuer.
 
 
(a)(i)
Aggregate number of shares of Common Stock that may be deemed beneficially owned by Sigma Fund:  4,489,795
 
Percentage:  6.37% (1)
 
 
(ii)
Aggregate number of shares of Common Stock that may be deemed beneficially owned by Sigma Advisors:  7,994,789
 
Percentage:  11.31% (1)

 
(iii)
Aggregate number of shares of Common Stock that may be deemed beneficially owned by Sigma Partners:  7,994,789
 
Percentage:  11.31% (1)

 
(iv)
Aggregate number of shares of Common Stock that may be deemed beneficially owned by Sigma Berliner:  2,170,407
 
Percentage:  3.08% (1)

 
(v)
Aggregate number of shares of Common Stock that may be deemed beneficially owned by Thom Waye:  8,019,789
 
Percentage:  11.34% (1)
 

(1)           Computed on the basis of 70,523,230 shares of Common Stock issued and outstanding as set forth in the Issuer’s preliminary information statement on Schedule 14C filed with the Securities and Exchange Commission on February 16, 2010 (the “Schedule 14C”).  As set forth in the Schedule 14C, upon filing of the Charter Amendment (as defined in the Schedule 14C), the Issuer’s outstanding shares of series A preferred stock will automatically be converted into Common Stock and 136,403,330 shares of Common Stock will be issued and outstanding.  Assuming such conversion, the beneficial ownership of the Reporting Persons would be as follows: Sigma Fund-3.30%; Sigma Advisors-5.85%; Sigma Partners-5.85%; Sigma Berliner-1.60%; and Thom Waye-5.87%.
 
7


(b)(i)
1. Sole power to vote or to direct vote:  4,489,795
 
2. Shared power to vote or to direct vote: -0-
 
3. Sole power to dispose or to direct the
disposition:  4,489,795
 
4. Shared power to dispose or to direct the
disposition -0-

(ii)          1. Sole power to vote or to direct vote:  7,994,789
 
2. Shared power to vote or to direct vote: -0-
 
3. Sole power to dispose or to direct the
disposition:  7,994,789
 
4. Shared power to dispose or to direct the
disposition -0-

(iii)         1. Sole power to vote or to direct vote:  7,994,789
 
2. Shared power to vote or to direct vote: -0-
 
3. Sole power to dispose or to direct the
disposition:  7,994,789
 
4. Shared power to dispose or to direct the
disposition -0-

(iv)         1. Sole power to vote or to direct vote:  2,170,407
 
2. Shared power to vote or to direct vote: -0-
 
3. Sole power to dispose or to direct the
disposition:  2,170,407
 
4. Shared power to dispose or to direct the
disposition -0-

(v)          1. Sole power to vote or to direct vote:  8,019,789
 
2. Shared power to vote or to direct vote: -0-
 
3. Sole power to dispose or to direct the
disposition:  8,019,789
 
4. Shared power to dispose or to direct the
disposition -0-

(c)  The transactions effected with respect to the Common Stock within the past 60 days of the date hereof by the Reporting Persons are as follows: (i) as described in Item 3 of this Amendment; and (ii) on January 4, 2010, the Issuer granted 29,166 shares of Common Stock to Sigma Advisors in payment of directors’ fees.
 
8


(d)  No person(s) other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Persons.

(e)  On January 27, 2010, Sigma Berliner ceased to be the beneficial owner of more than five (5%) percent of the Issuer’s Common Stock.

 
9

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated:  March 1, 2010

   
SIGMA OPPORTUNITY FUND, LLC
 
 
BY:
SIGMA CAPITAL ADVISORS, LLC
 
 
BY:
Kevin W. Waite, Authorized Representative
 
       
   
/s/ Kevin W. Waite
 
   
Kevin W. Waite
 
       
   
SIGMA BERLINER, LLC
 
 
BY:
SIGMA CAPITAL ADVISORS, LLC
 
 
BY:
Kevin W. Waite, Authorized Representative
 
       
   
/s/ Kevin W. Waite
 
   
Kevin W. Waite
 
       
   
SIGMA CAPITAL ADVISORS, LLC
 
 
BY:
Kevin W. Waite, Authorized Representative
 
       
   
/s/ Kevin W. Waite
 
   
Kevin W. Waite
 
       
   
SIGMA CAPITAL PARTNERS, LLC
 
 
BY:
Kevin W. Waite, Authorized Representative
 
       
   
/s/ Kevin W. Waite
 
   
Kevin W. Waite
 
       
   
Thom Waye
 
 
BY:
Kevin W. Waite, By Power of Attorney
 
       
   
/s/ Kevin W. Waite
 
   
Kevin W. Waite
 

 
10

 
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