-----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, PZD91n5y+skyqV316Gcq+S06KQOHQC43xG1LuVF9LIX2UaE3UwL2px90kPG8mWWF 6eNS4heMQaNqqx1D/MJdhA== 0000905718-06-000078.txt : 20060214 0000905718-06-000078.hdr.sgml : 20060214 20060214154339 ACCESSION NUMBER: 0000905718-06-000078 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ottawa Savings Bancorp, Inc. CENTRAL INDEX KEY: 0001321070 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: X1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81031 FILM NUMBER: 06614449 BUSINESS ADDRESS: STREET 1: 925 LASALLE ST CITY: OTTAWA STATE: IL ZIP: 61350 BUSINESS PHONE: 815-433-2525 MAIL ADDRESS: STREET 1: 925 LASALLE ST CITY: OTTAWA STATE: IL ZIP: 61350 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TYNDALL CAPITAL PARTNERS L P CENTRAL INDEX KEY: 0001219314 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE SUITE 4100 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124462460 MAIL ADDRESS: STREET 1: 599 LEXINGTON AVENUE SUITE 4100 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 ottawa13gam1.txt SC13GAM1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Ottawa Savings Bancorp, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 68955R102 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2005 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G 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 in 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. 68955R102 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Tyndall Capital Partners, L.P. I.R.S. Identification Nos. Of Above Persons (entities only): 13-3594570 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of Shares Beneficially Owned 5. Sole Voting Power 121,000* by Each Reporting Person With: ----------------------------------- 6. Shared Voting Power 0 ----------------------------------- 7. Sole Dispositive Power 121,000* ----------------------------------- 8. Shared Dispositive Power 0 ----------------------------------- - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 121,000* - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): N/A - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.4%* - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): PN - -------------------------------------------------------------------------------- * 83,880 shares of Ottawa Savings Bancorp, Inc. common stock, par value $0.01 per share (the "Common Stock"), are owned by Tyndall Partners, L.P., a Delaware limited partnership ("Tyndall"). 37,120 shares of the Common Stock are owned by Tyndall Institutional Partners, L.P., a Delaware limited partnership ("Tyndall Institutional"). Tyndall Capital Partners, L.P., a Delaware limited partnership, is the general partner of Tyndall and Tyndall Institutional, and possesses sole power to vote and direct the disposition of all Common Stock held by Tyndall and Tyndall Institutional. Accordingly, for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Tyndall Capital Partners, L.P. is deemed to beneficially own 121,000 shares of Common Stock, or 5.4% of those deemed issued and outstanding, as of December 31, 2005. Item 1. (a) Name Of Issuer: Ottawa Savings Bancorp, Inc. - -------------------------------------------------------------------------------- (b) Address of Issuer's Principal Executive Offices: 925 LaSalle Street, Ottawa, Illinois 61350 - -------------------------------------------------------------------------------- Item 2. (a) Name of Person Filing: Tyndall Capital Partners, L.P. - -------------------------------------------------------------------------------- (b) Address of Principal Business Office or, if none, Residence: 599 Lexington Avenue, Suite 4100, New York, New York 10022 - -------------------------------------------------------------------------------- (c) Citizenship: Tyndall Capital Partners, L.P. is a Delaware limited partnership - -------------------------------------------------------------------------------- (d) Title of Class of Securities: Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (e) CUSIP Number: 68955R102 - -------------------------------------------------------------------------------- Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable. Item 4. Ownership. (a) Amount beneficially owned (as of December 31, 2005): 121,000* (b) Percent of Class (as of December 31, 2005): 5.4%* (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 121,000* (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 121,000* (iv) Shared power to dispose or to direct the disposition of: 0 * 83,880 shares of Ottawa Savings Bancorp, Inc. common stock, par value $0.01 per share (the "Common Stock"), are owned by Tyndall Partners, L.P., a Delaware limited partnership ("Tyndall"). 37,120 shares of the Common Stock are owned by Tyndall Institutional Partners, L.P., a Delaware limited partnership ("Tyndall Institutional"). Tyndall Capital Partners, L.P., a Delaware limited partnership, is the general partner of Tyndall and Tyndall Institutional, and possesses sole power to vote and direct the disposition of all Common Stock held by Tyndall and Tyndall Institutional. Accordingly, for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Tyndall Capital Partners, L.P. is deemed to beneficially own 121,000 shares of Common Stock, or 5.4% of those deemed issued and outstanding, as of December 31, 2005. 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 Item 10. Certification. By signing below, I certify that, to the best of my 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 such securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. February 14, 2006 TYNDALL CAPITAL PARTNERS, L.P. By: Jeffrey Management, LLC, General Partner By: /s/ Jeffrey S. Halis ---------------------------------------- Jeffrey S. Halis, Manager Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) -----END PRIVACY-ENHANCED MESSAGE-----