-----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, RGvGPghxDaCCTo5VovfM9v8lT+F8XklvPKlzf9N7ul6n+f/LW2/tWM91BuE+h4r2 b0eKWqQJsb8JE3Z7uIJHAA== 0000902664-07-002311.txt : 20070720 0000902664-07-002311.hdr.sgml : 20070720 20070720094238 ACCESSION NUMBER: 0000902664-07-002311 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070720 DATE AS OF CHANGE: 20070720 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Scopus Video Networks Ltd. CENTRAL INDEX KEY: 0001342575 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81571 FILM NUMBER: 07990305 BUSINESS ADDRESS: STREET 1: 10 HA STREET 2: PARK AFEK CITY: ROSH HA-AYIN STATE: L3 ZIP: 48092 BUSINESS PHONE: 972-3-900-7777 MAIL ADDRESS: STREET 1: 10 HA STREET 2: PARK AFEK CITY: ROSH HA-AYIN STATE: L3 ZIP: 48092 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Polar Securities Inc. CENTRAL INDEX KEY: 0001326389 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 372 BAY STREET STREET 2: 21ST FLOOR CITY: TORONTO STATE: A6 ZIP: M5H 2S6 BUSINESS PHONE: 416-367-4364 MAIL ADDRESS: STREET 1: 372 BAY STREET STREET 2: 21ST FLOOR CITY: TORONTO STATE: A6 ZIP: M5H 2S6 SC 13G 1 sc13g.txt SCOPUS VIDEO NETWORKS LTD. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------- SCHEDULE 13G (Rule 13d-102) ---------------- INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Scopus Video Networks Ltd. (Name of Issuer) Ordinary Shares, par value NIS 1.40 per share (Title of Class of Securities) M8260H106 (CUSIP Number) July 10, 2007 (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 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). Schedule 13G CUSIP Nos. M8260H106 PAGE 2 OF 12 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Altairis Investments - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Canada - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ------------------------------------------------------------ BENEFICIALLY (6) SHARED VOTING POWER -760,644- OWNED BY ------------------------------------------------------------ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ------------------------------------------------------------ PERSON WITH (8) SHARED DISPOSITIVE POWER -760,644- - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -760,644- - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) -5.7%- - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ Schedule 13G CUSIP Nos. M8260H106 PAGE 3 OF 12 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Altairis Offshore - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ------------------------------------------------------------ BENEFICIALLY (6) SHARED VOTING POWER -760,644- OWNED BY ------------------------------------------------------------ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ------------------------------------------------------------ PERSON WITH (8) SHARED DISPOSITIVE POWER -760,644- - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -760,644- - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) -5.7%- - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ Schedule 13G CUSIP Nos. M8260H106 PAGE 4 OF 12 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Altairis Offshore Levered - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ------------------------------------------------------------ BENEFICIALLY (6) SHARED VOTING POWER -760,644- OWNED BY ------------------------------------------------------------ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ------------------------------------------------------------ PERSON WITH (8) SHARED DISPOSITIVE POWER -760,644- - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -760,644- - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) -5.7%- - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ Schedule 13G CUSIP Nos. M8260H106 PAGE 5 OF 12 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Polar Securities Inc. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Canada - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ------------------------------------------------------------ BENEFICIALLY (6) SHARED VOTING POWER -760,644- OWNED BY ------------------------------------------------------------ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ------------------------------------------------------------ PERSON WITH (8) SHARED DISPOSITIVE POWER -760,644- - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -760,644- - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) -5.7%- - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ Schedule 13G CUSIP Nos. M8260H106 PAGE 6 OF 12 ITEM 1(a). NAME OF ISSUER: Scopus Video Networks Ltd. (the "Company") ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 10 Ha'amal Street Park-Afek Rosh-Haayin 48092 Israel ITEMS 2(a), 2(b) and 2(c). NAME OF PERSON FILING, ADDRESS OF PRINCIPAL BUSINESS OFFICE AND CITIZENSHIP: This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) Altairis Investments, an Ontario limited partnership, with respect to the Shares reported in this Schedule 13G directly owned by it. (ii) Altairis Offshore, a Cayman Islands exempted company, with respect to the Shares reported in this Schedule 13G directly owned by it. (iii) Altairis Offshore Levered, a Cayman Islands exempted company, with respect to the Shares reported in this Schedule 13G directly owned by it. (iv) Polar Securities Inc. ("Polar Securities"), a company incorporated under the laws of Ontario, Canada, with respect to the Shares reported in this Schedule 13G directly owned by Altairis Investments, Altairis Offshore and Altairis Offshore Levered. The citizenship of Altairis Investments, Altairis Offshore, Altairis Offshore Levered and Polar Securities is set forth above. The address of the principal business office of Altairis Offshore and Altairis Offshore Levered is c/o Polar Securities Inc. 372 Bay Street, 21st floor, Toronto, Ontario M5H 2W9, Canada. The address of the principal business office of Altairis Investments is c/o Polar Fund Management II Inc., 372 Bay Street, 21st floor, Toronto, Ontario M5H 2W9, Canada. The address of the principal business office of Polar Securities is 372 Bay Street, 21st floor, Toronto, Ontario M5H 2W9, Canada. Schedule 13G CUSIP Nos. M8260H106 PAGE 7 OF 12 ITEM 2(d). TITLE OF CLASS OF SECURITIES: Ordinary Shares, par value NIS 1.40 per share (the "Shares") ITEM 2(e). CUSIP NUMBER: M8260H106 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Act; (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act; (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940; (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E); (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F); (g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); (h) [ ] Savings Associations as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS BOX. [x] Schedule 13G CUSIP Nos. M8260H106 PAGE 8 OF 12 ITEM 4. OWNERSHIP. Polar Securities Inc. serves as the investment manager to North Pole Capital Master Fund, Altairis Investments, Altairis Offshore and Altairis Offshore Levered with respect to which it has voting and dispositive authority over some of the Shares reported in this Schedule 13G. Each of the Reporting Persons hereby disclaims any beneficial ownership of any such Shares. A. Altairis Investments (a) Amount beneficially owned: 760,644 (b) Percent of class: 5.7%. The percentages used herein and in the rest of Item 4 are calculated based upon the 13,446,817 Shares issued and outstanding as of December 31, 2006 as reported in the Company's Annual Report on Form 20-F, filed on April 12, 2007. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 Shares. (ii) shared power to vote or to direct the vote: 760,644 Shares. (iii) sole power to dispose or to direct the disposition of: 0 Shares. (iv) shared power to dispose or to direct the disposition of: 760,644 Shares B. Altairis Offshore (a) Amount beneficially owned: 760,644 (b) Percent of class: 5.7% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 Shares. (ii) shared power to vote or to direct the vote: 760,644 Shares. (iii) sole power to dispose or to direct the disposition of: 0 Shares. (iv) shared power to dispose or to direct the disposition of: 760,644 Shares. Schedule 13G CUSIP Nos. M8260H106 PAGE 9 OF 12 C. Altairis Offshore Levered (a) Amount beneficially owned: 760,644 (b) Percent of class: 5.7% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 Shares. (ii) shared power to vote or to direct the vote: 760,644 Shares. (iii) sole power to dispose or to direct the disposition of: 0 Shares. (iv) shared power to dispose or to direct the disposition of: 760,644 Shares. D. Polar Securities Inc. (a) Amount beneficially owned: 760,644 (b) Percent of class: 5.7% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 Shares. (ii) shared power to vote or to direct the vote: 760,644 Shares. (iii) sole power to dispose or to direct the disposition of: 0 Shares. (iv) shared power to dispose or to direct the disposition of: 760,644 Shares. 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. Schedule 13G CUSIP Nos. M8260H106 PAGE 10 OF 12 ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. See Item 4. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c)) Each of the Reporting Persons hereby makes the following certification: By signing below each Reporting Person certifies that, to the best of its 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 not held in connection with or as a participant in any transaction having that purpose or effect. Schedule 13G CUSIP Nos. M8260H106 PAGE 11 OF 12 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: July 20, 2007 Altairis Investments By: Polar Securities Inc /s/ Paul Sabourin ----------------------------------- Paul Sabourin Chief Executive Officer Altairis Offshore By: Polar Securities Inc /s/ Paul Sabourin ----------------------------------- Paul Sabourin Chief Executive Officer Altairis Offshore Levered By: Polar Securities Inc /s/ Paul Sabourin ----------------------------------- Paul Sabourin Chief Executive Officer Polar Securities Inc. /s/ Paul Sabourin ----------------------------------- Paul Sabourin Chief Executive Officer Schedule 13G CUSIP Nos. M8260H106 PAGE 12 OF 12 EXHIBIT 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: July 20, 2007 Altairis Investments By: Polar Securities Inc /s/ Paul Sabourin ----------------------------------- Paul Sabourin Chief Executive Officer Altairis Offshore By: Polar Securities Inc /s/ Paul Sabourin ----------------------------------- Paul Sabourin Chief Executive Officer Altairis Offshore Levered By: Polar Securities Inc /s/ Paul Sabourin ----------------------------------- Paul Sabourin Chief Executive Officer Polar Securities Inc. /s/ Paul Sabourin ----------------------------------- Paul Sabourin Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----