0000950123-11-089211.txt : 20111007 0000950123-11-089211.hdr.sgml : 20111007 20111007161718 ACCESSION NUMBER: 0000950123-11-089211 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111007 DATE AS OF CHANGE: 20111007 GROUP MEMBERS: AMERIPRISE FINANCIAL, INC. GROUP MEMBERS: COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MEMSIC Inc CENTRAL INDEX KEY: 0001386198 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83653 FILM NUMBER: 111132584 BUSINESS ADDRESS: STREET 1: 800 Turnpike Street CITY: North Andover STATE: MA ZIP: 01845 BUSINESS PHONE: 9787380900 MAIL ADDRESS: STREET 1: 800 Turnpike Street CITY: North Andover STATE: MA ZIP: 01845 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Seligman Spectrum Focus (Master) Fund CENTRAL INDEX KEY: 0001404098 IRS NUMBER: 980498128 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: PO BOX 309 UGLAND HOUSE STREET 2: 113 SOUTH CHURCH STREET CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: BWI BUSINESS PHONE: 212-850-1864 MAIL ADDRESS: STREET 1: 100 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 c66310sc13dza.htm SC 13D/A sc13dza
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
[Rule 13d-101]
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Memsic, Inc.
 
(Name of Issuer)
Common Stock, $0.00001 par value per share
 
(Title of Class of Securities)
586264103
 
(CUSIP Number)
Seligman Spectrum Focus (Master) Fund
P.O. Box 309
Ugland House, South Church Street
George Town, Grand Cayman KY1-1104, Cayman Islands
Telephone: (212) 850-1864
with copies to:
Michael J. Kennedy, Esq.
Steve L. Camahort, Esq.
Shearman & Sterling LLP
525 Market Street
San Francisco, CA 94105
Telephone: (415) 616-1100
 
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 5, 2011
 
(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. þ
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).
 
 

 


Table of Contents

                     
CUSIP No.
 
586264103 
 

 

           
1   NAMES OF REPORTING PERSONS.

Ameriprise Financial, Inc.

I.R.S. Identification Nos. of above persons (entities only)
13-3180631
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
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
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   3,522,424
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    3,522,424
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,522,424
     
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)
   
  14.70%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO


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CUSIP No.
 
586264103 
 

 

           
1   NAMES OF REPORTING PERSONS.

Columbia Management Investment Advisers, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Minnesota
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   3,522,424
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    3,522,424
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,522,424
     
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)
   
  14.70%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA


Table of Contents

                     
CUSIP No.
 
586264103 
 

 

           
1   NAMES OF REPORTING PERSONS.

Seligman Spectrum Focus (Master) Fund

I.R.S. Identification Nos. of above persons (entities only)
98-0498128
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,933,285
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    2,933,285
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,933,285
     
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)
   
  12.24%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

1


     This Amendment No. 3 to Schedule 13D is being filed jointly by the following (each a “Reporting Person” and collectively, the “Reporting Persons”): (1) Ameriprise Financial, Inc., a Delaware corporation (“AFI”), (2) Columbia Management Investment Advisers, LLC, a Minnesota limited liability company (formerly known as RiverSource Investments, LLC, “CMIA”), and (3) Seligman Spectrum Focus (Master) Fund, an exempted company incorporated in the Cayman Islands (“Focus Fund”), to supplement and amend the Schedule 13D filed on behalf of the Reporting Persons. Each item below amends and supplements the information disclosed under the corresponding item of Schedule 13D. Capitalized terms defined in the Schedule 13D are used herein with their defined meaning. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant.
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Item 3. Source Amount of Funds or Other Consideration
Item 4. Purpose of Transaction
Item 5. Interest in Securities of the Issuer
SIGNATURE


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Item 3.   Source Amount of Funds or Other Consideration
     The shares of Common Stock purchased by the Reporting Persons which are reported in Item 5(c) herein were purchased with approximately $708,893.16 of working capital, excluding commissions, in open market purchases.
Item 4.   Purpose of Transaction
     Focus Fund acquired the shares of Common Stock beneficially owned by it for investment purposes. Focus Fund expects to continually monitor and re-evaluate its investments in the shares of Common Stock.
     From time to time, representatives of Focus Fund have contacted members of the Issuer’s management and board of directors in order to communicate the views of Focus Fund as to how best to maximize shareholder value. Representatives of Focus Fund intend to continue to engage in discussions with the Issuer regarding recommendations to enhance shareholder value, including making recommendations about possible strategic combinations that would, in the opinion of the Focus Fund’s investment adviser, benefit the Issuer’s shareholders.
     No Reporting Person has any present plan or proposal which would relate to or result in any matters set forth in subparagraphs (a) — (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon completion of any of the actions discussed above. The Reporting Persons reserve the right to acquire additional securities of Issuer, to dispose of such securities of Issuer at any time, or to formulate other purposes, plans or proposals regarding the Issuer or the securities of the Issuer, to the extent deemed advisable in light of their general investment polices, market conditions or other factors.
Item 5.   Interest in Securities of the Issuer
     (a-b) The following disclosure assumes there are 23,968,813 shares of Common Stock outstanding, which the Issuer represented to be the number of shares of Common Stock outstanding as of August 8, 2011 in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 11, 2011.
     As of October 5, 2011, Focus Fund beneficially owned 2,933,285 shares of Common Stock, which constitutes approximately 12.24% of the shares of Common Stock outstanding.
     As of October 5, 2011, CMIA and AFI do not directly own any shares of Common Stock of the Issuer. As the investment adviser of Focus Fund and various other unregistered and registered investment companies and other managed accounts, as of October 5, 2011, CMIA may be deemed to beneficially own 3,522,424 shares of Common Stock held by Focus Fund and three other clients of CMIA, which constitutes approximately 14.70% of the shares of Common Stock outstanding. To the knowledge of the Reporting Persons, as of October 5, 2011, only three other clients of CMIA besides Focus Fund beneficially owned shares of Common Stock and only Focus Fund beneficially owned more than 5% of the shares of Common Stock outstanding.
     As the sole owner and parent company of CMIA, as of October 5, 2011, AFI may be deemed to beneficially own 3,522,424 shares of Common Stock, which constitutes approximately 14.70% of the shares of Common Stock outstanding.
     Except as set forth in this Item 5(a), none of the Reporting Persons beneficially owns any shares of Common Stock.

2


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     (c) Schedule A annexed hereto lists all transactions in the shares of Common Stock during the past 60 days by the Reporting Persons.
     (d) To the knowledge of the Reporting Persons, no other persons besides the stockholders and those persons for whose shares of Common Stock the stockholders report beneficial ownership have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Issuer reported herein; provided, however, that three CMIA clients (each not a Reporting Person hereunder) owning collectively 589,139 shares of Common Stock of the Issuer have the right to receive any dividends paid by the Issuer and each could terminate their respective investment advisory relationship with CMIA and then subsequently direct the use of proceeds from the sale of the Common Stock owned by such client.
     (e) Not applicable.
     Except as set forth above, to the knowledge of the Reporting Persons, none of the other persons listed in Item 2 above has beneficial ownership of any shares of Common Stock.

3


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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: October 5, 2011   Seligman Spectrum Focus (Master) Fund    
 
           
 
  By:   /s/ Eric Brandt
 
   
 
  Name:   Eric Brandt    
 
  Title:   Authorized Person    
 
           
    Ameriprise Financial, Inc.    
 
           
 
  By:   /s/ Wade M. Voigt
 
   
 
  Name:   Wade M. Voigt    
 
  Title:   Director — Fund Administration    
 
           
    Columbia Management Investment Advisers, LLC    
 
           
 
  By:   /s/ Eric Brandt
 
   
 
  Name:   Eric Brandt    
 
  Title:   Vice President and Assistant Secretary    

4


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Schedule A
Transactions in the Shares During the Past 60 days
                         
For the   Shares of Common Stock     Price Per     Date of  
Account of   Purchased/(Sold)     Share ($U.S.)     Purchase/(Sale)  
Client 2
    49,900       2.5280       8/5/2011  
Client 3
    35,700       2.5280       8/5/2011  
Focus Fund
    16,100       2.5280       8/5/2011  
Client 2
    310       2.2500       8/8/2011  
Client 3
    225       2.2500       8/8/2011  
Focus Fund
    100       2.2500       8/8/2011  
Client 2
    1,375       2.2500       8/10/2011  
Client 3
    985       2.2500       8/10/2011  
Focus Fund
    440       2.2500       8/10/2011  
Client 2
    590       2.2500       8/23/2011  
Client 3
    420       2.2500       8/23/2011  
Focus Fund
    190       2.2500       8/23/2011  
Client 2
    15,122       2.2500       10/4/2011  
Client 3
    11,273       2.2500       10/4/2011  
Focus Fund
    5,029       2.2500       10/4/2011  
Client 2
    4,000       2.1000       10/5/2011  
Client 3
    2,400       2.1000       10/5/2011  
Focus Fund
    11,800       2.1000       10/5/2011  
Client 2
    72,078       2.2196       10/5/2011  
Client 3
    53,727       2.2196       10/5/2011  
Focus Fund
    23,971       2.2196       10/5/2011  

5