0001144204-13-069771.txt : 20131231 0001144204-13-069771.hdr.sgml : 20131231 20131231164807 ACCESSION NUMBER: 0001144204-13-069771 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20131231 DATE AS OF CHANGE: 20131231 GROUP MEMBERS: ADAM BENOWITZ GROUP MEMBERS: ROBERT THOMSON GROUP MEMBERS: VCAF GP, LLC GROUP MEMBERS: VISION CAPITAL ADVANTAGE FUND, L.P. GROUP MEMBERS: VISION OPPORTUNITY MASTER FUND, LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: T3 Motion, Inc. CENTRAL INDEX KEY: 0001434589 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 204987549 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86311 FILM NUMBER: 131305974 BUSINESS ADDRESS: STREET 1: 2990 AIRWAY AVENUE, SUITE A CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 714-619-3600 MAIL ADDRESS: STREET 1: 2990 AIRWAY AVENUE, SUITE A CITY: COSTA MESA STATE: CA ZIP: 92626 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VISION CAPITAL ADVISORS, LLC CENTRAL INDEX KEY: 0001411962 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 20 WEST 55TH STREET STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-849-8242 MAIL ADDRESS: STREET 1: 20 WEST 55TH STREET STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 v364391_sc13d-a.htm FORM SC 13D/A

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13D

 

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

 

(Amendment No. 6)*

  

T3 Motion, Inc.

(Name of Issuer)

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

89853X306

(CUSIP Number)

 

Vision Capital Advisors, LLC

20 West 55th Street, 5th Floor

New York, NY 10019

Attention: James Murray

 

Tel: 212.849.8237

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

December 18, 2013

(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 x.

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 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.)

 

 

Page 1 of 9 pages
 

 

CUSIP No.: 89853X306

 

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Adam Benowitz

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

AF

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6.CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - 1,893,641

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - 1,893,641

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,893,641

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.4%

 

14TYPE OF REPORTING PERSON

 

IN

 

Page 2 of 9 pages
 

 

CUSIP No.: 89853X306

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Robert Thomson

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

OO

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6.CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 25,000

 

8 SHARED VOTING POWER - 0

 

9 SOLE DISPOSITIVE POWER - 25,000

 

10 SHARED DISPOSITIVE POWER - 0

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

25,000

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.1%

 

14TYPE OF REPORTING PERSON

 

IN

 

 

Page 3 of 9 pages
 

 

CUSIP No.: 89853X306

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Vision Capital Advisors, LLC

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

AF

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - 1,893,641

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - 1,893,641

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,893,641

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.4%

 

14TYPE OF REPORTING PERSON

 

IA

 

 

Page 4 of 9 pages
 

 

CUSIP No.: 89853X306

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Vision Opportunity Master Fund, Ltd.

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ¨

(b)  ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

WC

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - See Item 5

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - See Item 5

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

See Item 5

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

See Item 5

 

14TYPE OF REPORTING PERSON

 

CO

 

Page 5 of 9 pages
 

 

CUSIP No.: 89853X306

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Vision Capital Advantage Fund, L.P.

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

WC

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - See Item 5

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - See Item 5

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

See Item 5

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

See Item 5

 

14TYPE OF REPORTING PERSON

 

PN

 

 

Page 6 of 9 pages
 

 

CUSIP No.: 89853X306

 

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

VCAF GP, LLC

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

AF

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - See Item 5

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - See Item 5

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

See Item 5

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

See Item 5

 

14TYPE OF REPORTING PERSON

 

OO

 

Page 7 of 9 pages
 

 

 

ITEM 4. Purpose of Transaction.

 

This Amendment No. 6 to Schedule 13D (this “Amendment No. 6”) is being filed with respect to the beneficial ownership of the common stock, par value $0.001 per share (the “Common Stock”), of T3 Motion, Inc., a Delaware corporation (the “Company” or the “Issuer”). This Amendment No. 6 amends and restates in its entirety Item 5, of the Schedule 13D originally filed on July 1, 2011.

 

 

ITEM 5. Interest in Securities of the Issuer.

 

(a) The Master Fund and VCAF, collectively, (i) own 749,757 shares of Common Stock, (ii) have the ability to acquire 1,143,884 shares of Common Stock through the exercise or conversion of derivative securities and (iii) thus beneficially own 1,893,641shares of Common Stock, representing 8.4% of all of the Issuer’s outstanding Common Stock. The Investment Manager and Mr. Benowitz (and the General Partner with respect to the shares of Common Stock owned by VCAF) may each be deemed to beneficially own the shares of Common Stock beneficially owned by the Master Fund and VCAF. Each disclaims beneficial ownership of such shares.

 

Mr. Thomson has the ability to acquire 25,000 shares of Common Stock through the exercise or conversion of derivative securities and thus beneficially owns 25,000 shares of Common Stock, representing 0.1% of all of the Issuer’s outstanding Common Stock.

 

The foregoing is based on 22,100,777 shares of Common Stock outstanding as of November 13, 2013 and the dates of the transactions reported herein as reported on the Issuer’s Form 10-Q for the quarterly period ended September 30, 2013, filed on November 19, 2013.

 

(b) The Reporting Persons (other than Mr. Thomson) have shared power (with each other and not with any third party), to vote or direct the vote of and to dispose or direct the disposition of the 1,893,641 shares of Common Stock reported herein.

 

Mr. Thomson has sole power to vote or direct the vote of and to dispose or direct the disposition of the 25,000 shares of Common Stock reported herein.

 

(c) On December 18 2013 the Master Fund and VCAF sold 431,150 shares and 68,850 shares at $0.06 per in a private transaction. Prior to the December 18,, 2013 sales, the Reporting Persons had not effected any transactions with respect to the Issuer’s Common Stock since the Schedule 13D was filed with the SEC December 4, 2013 (“Shedule 13D”).

 

(d) Not applicable.

 

(e) Not applicable.

 

Page 8 of 9 pages
 

 

 

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: December 31, 2013

 

 

  ADAM BENOWITZ
  VISION CAPITAL ADVISORS, LLC
  VISION OPPORTUNITY MASTER FUND, LTD.
  VISION CAPITAL ADVANTAGE FUND, L.P.
  VCAF GP, LLC
   
   
  By:   /s/ Adam Benowitz                                            
  Adam Benowitz, for himself, as Managing Member of the Investment Manager, as a Director of the Master Fund, and as authorized signatory of the General Partner (for itself and VCAF)
   
   
    /s/ Robert Thomson
  Robert Thomson

 

 

 

Page 9 of 9 pages