0001387131-13-000606.txt : 20130305 0001387131-13-000606.hdr.sgml : 20130305 20130305103907 ACCESSION NUMBER: 0001387131-13-000606 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130305 DATE AS OF CHANGE: 20130305 GROUP MEMBERS: JODY KANE GROUP MEMBERS: JONATHAN LICHTER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TEL INSTRUMENT ELECTRONICS CORP CENTRAL INDEX KEY: 0000096885 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 221441806 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-62333 FILM NUMBER: 13664233 BUSINESS ADDRESS: STREET 1: ONE BRANCA ROAD CITY: EAST RUTHERFORD STATE: NJ ZIP: 07073 BUSINESS PHONE: 2019331600 MAIL ADDRESS: STREET 1: ONE BRANCA ROAD CITY: EAST RUTHERFORD STATE: NJ ZIP: 07073 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Compenio Capital Advisors, LLC CENTRAL INDEX KEY: 0001569898 IRS NUMBER: 263587346 STATE OF INCORPORATION: DE FISCAL YEAR END: 1213 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 800 WESTCHESTER AVENUE SUITE S-638 CITY: RYE BROOK STATE: NY ZIP: 10573 BUSINESS PHONE: 914-729-0282 MAIL ADDRESS: STREET 1: 800 WESTCHESTER AVENUE SUITE S-638 CITY: RYE BROOK STATE: NY ZIP: 10573 SC 13G 1 comp-sch13g_030113.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

 

 

Tel-Instruments Electronics Corp.

(Name of Issuer)

 
 

(Title of Class of Securities)

 

879165207

 
 

(Cusip Number)

 

February 8, 2013

 
(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)

S  Rule 13d-1(c)

¨  Rule 13d-1(d)

 

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. 879165207    

 

1.

NAMES OF REPORTING PERSONS

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

 

Compenio Capital     

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(A)   o

(B)    o

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America     

 

Number of

Shares

5.

SOLE VOTING POWER

 

171,751

 

 

Beneficially

owned by

6.

SHARED VOTING POWER

 

171,751

 

 

Each Reporting

Person With

7.

SOLE DISPOSITIVE POWER

 

171,751

 

 
  8.

SHARED DISPOSITIVE POWER

 

171,751

 

 

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

219,322 

 

 
10. CHECK BOX IF THE AGGREGATE AMOUNT IN RO

W (9) EXCLUDES CERTAIN SHARES

 

¨
11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

7.3% based on 3,000,639 shares outstanding as of December 13, 2012

 

 
12.

TYPE OF REPORTING PERSON

 

HC     

       

 
 

 

CUSIP No. 879165207    

 

1.

NAMES OF REPORTING PERSONS

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

 

Jody Kane

     

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(A)  o

(B)   o

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

South Africa

     

Number of

Shares

5.

SOLE VOTING POWER

 

24,251

 

 

Beneficially

owned by

6.

SHARED VOTING POWER

 

171,751

 

 

Each Reporting

Person With

7.

SOLE DISPOSITIVE POWER

 

24,251

 

 
  8.

SHARED DISPOSITIVE POWER

 

171,751

 

 

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

219,322

 

 
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

7.3% based on 3,000,639 shares outstanding as of December 13, 2012

 

 
12.

TYPE OF REPORTING PERSON

 

HC

     

         
 
 

 

CUSIP No. 879165207    

 

1.

NAMES OF REPORTING PERSONS

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

 

Jonathan Lichter 

     

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(A)  o

(B)   o

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America 

     

Number of

Shares

5.

SOLE VOTING POWER

 

23,320

 

 

Beneficially

owned by

6.

SHARED VOTING POWER

  

171,751

 

 

Each Reporting

Person With

7.

SOLE DISPOSITIVE POWER

 

23,320

 

 
  8.

SHARED DISPOSITIVE POWER

 

171,751

 

 

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

219,322

 

 
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

7.3% based on 3,000,639 shares outstanding as of December 13, 2012

 

 
12.

TYPE OF REPORTING PERSON

 

HC 

     

         
 
 

 

Item 1(a). Name of Issuer:

 

Tel-Instrument Electronics Corp.

 

Item 1 (b) Address of Issuer’s Principal Executive Offices:

 

1 Branca Road, East Rutherford, New Jersey 07073

 

Item 2(a). Name of Person Filing:

 

This Statement if filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

 

(i)Diamond Bridge Capital, L.P.
(ii)Jody Kane (“Mr. Kane”)
(iii)Jonathan Lichter (“Mr. Lichter”)

 

This Statement pertains to the Shares (as defined herein) of the Issuer which are held for the account of (i) Diamond Bridge Capital, L.P., a Delaware limited partnership (ii) Jody Kane, and (iii) Jonathan Lichter. Compenio Capital Advisors, LLC serves as the investment adviser to Diamond Bridge Capital, L.P. In such capacity, Mr. Kane and Mr. Lichter may be deemed to have voting and dispositive power over the Shares held for the account of Diamond Bridge Capital, L.P., in addition to the Shares held for their own account. Mr. Kane and Mr. Lichter are the managing members of Compenio Capital Advisors, LLC, with discretionary authority in relation to trades advised by Compenio Capital Advisors, LLC.

 

Item 2(b). Address of Principal Business Office or, if None, Residence:

 

The address of the principal business office of Compenio Capital Advisors, LLC, Jody Kane and Jonathan Lichter is

 

Item 2(c). Citizenship:

 

i)Compenio Capital Advisers, LLC is a New York limited liability company.
ii)Jonathan Lichter is a citizen of the United States.
iii)Jody Kane is a citizen of South Africa.

 

Item 2(d). Title of Class of Securities:

 

Common Stock (the “Shares”)

 

Item 2(e) CUSIP Number:

 

879165207

 
 

 

Item 3. If this Statement is Filed Pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

 

This Item 3 is not applicable.

 

Item 4(a). Amount Beneficially Owned:

 

As of February 12, 2013, Compenio Capital Advisors, Mr. Kane and Mr. Lichter may be deemed to be the beneficial owners of 219,322 Shares. This amount consists of 171,751 Shares held for the account of Diamond Bridge Capital, L.P., 18,751 Shares held for the account of Mr. Kane, 5,500 Shares held for the account of Mr. Kane’s wife, Jayne Kane, and 23,320 for the account of Mr. Lichter.

 

Item 4(b). Percent of Class:

 

The number of Shares of which each of Compenio Capital Advisors, Mr. Kane and Mr. Lichter may be deemed to be the beneficial owners constitutes approximately 7.3% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently filed quarterly report on Form 10-Q, there were 3,000,639 shares outstanding as of January 31, 2013.

 

Item 4(c) Number of Shares of which such person has:

 

Compenio Capital Advisors, Jody Kane and Jonathan Lichter

 

(i) Sole power to vote or direct the vote: 219,322
   
(iii) Sole power to dispose or direct the disposition of:  219,322
   
(iii) Sole power to dispose or direct the disposition of:  219,322
   
(iv) Share power to dispose or direct the disposition of:  219,322

 

 

Item 5. Ownership of Five Percent or Less of a Class:

 

This Item 5 is not applicable.

 

Item 6. Ownership of Five Percent on Behalf of Another Person:

 

This Item 6 is not applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired

the Security Being Reported on By the Parent Holding Company:

 

See disclosure in Item 2 hereof.

 
 

 

 

Item 8. Identification and Classification of Members of the Group:

 

This Item 8 is not applicable.

 

Item 9. Notice of Dissolution of Group:

 

This Item 9 is not applicable.

 

Item 10. Certification:

 

By signing below each of the Reporting Person certifies that, to the best of their 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 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, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Date:___________

Compenio Capital Advisors, LLC
 

 

By:_____________________

   
   
Date:___________

________________________

  Jody Kane
   
Date:___________ ________________________
  Jonathan Lichter