0001144204-14-038901.txt : 20140626 0001144204-14-038901.hdr.sgml : 20140626 20140620205011 ACCESSION NUMBER: 0001144204-14-038901 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140623 DATE AS OF CHANGE: 20140620 GROUP MEMBERS: JAD FAKHRY GROUP MEMBERS: POPLAR POINT CAPITAL PARTNERS LP GROUP MEMBERS: POPLAR POINT GP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SYCAMORE NETWORKS INC CENTRAL INDEX KEY: 0001092367 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 043410558 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58421 FILM NUMBER: 14933974 BUSINESS ADDRESS: STREET 1: 220 MILL ROAD CITY: CHELMSFORD STATE: MA ZIP: 01824 BUSINESS PHONE: 9782502900 MAIL ADDRESS: STREET 1: 220 MILL ROAD CITY: CHELMSFORD STATE: MA ZIP: 01824 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: POPLAR POINT CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001588273 IRS NUMBER: 460530967 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 840 HINCKLEY ROAD, SUITE 221 CITY: BURLINGAME STATE: CA ZIP: 94010 BUSINESS PHONE: 650-239-9049 MAIL ADDRESS: STREET 1: 840 HINCKLEY ROAD, SUITE 221 CITY: BURLINGAME STATE: CA ZIP: 94010 SC 13G/A 1 v381991_sc13ga.htm SC 13G/A

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

_________________

 

SCHEDULE 13G/A

 

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

 

(Amendment No. 2)*

 

Sycamore Networks, Inc.


(Name of Issuer)

 

Common Stock


(Title of Class of Securities)

 

871206405


(CUSIP Number)

 

June 17, 2014


(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)

 

 
 

 

CUSIP No. 871206405 13G/A Page    2    of    9    Pages
  1. NAMES OF REPORTING PERSONS
Poplar Point Capital Management LLC
 
       
  2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  
   
(a) ¨

(b) ¨
 
       
  3.


SEC USE ONLY

 

 
  4.


CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

 

 
  5. SOLE VOTING POWER 0  
  NUMBER OF      
  SHARES      
  BENEFICIALLY
OWNED BY
6.

SHARED VOTING POWER 3,147,783

 

 
  EACH      
  REPORTING
PERSON WITH
7.

SOLE DISPOSITIVE POWER 0

 

 
       
    8.

SHARED DISPOSITIVE POWER

 

See Row 6 above.

 
  9.


AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

See Row 6 above.

 
  10.


CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions) ¨

 

 
  11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

10.90%

 
  12.


TYPE OF REPORTING PERSON (See Instructions)

 

IA; HC

 
               

________________________

1 The percentages reported in this Schedule 13G/A are based upon 28,882,093 shares of common stock outstanding as of April 26, 2014 (according to the Form 10-Q filed by the issuer with the Securities and Exchange Commission on June 5, 2014).

 

 
 

 

CUSIP No. 871206405 13G/A Page    3    of    9    Pages
  1. NAMES OF REPORTING PERSONS
Poplar Point Capital Partners LP
 
       
  2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  
    (a) ¨
(b) ¨
 
       
  3.


SEC USE ONLY

 

 
  4.


CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

 

 
  5. SOLE VOTING POWER 0  
  NUMBER OF      
  SHARES      
  BENEFICIALLY
OWNED BY
6.

SHARED VOTING POWER 3,147,783

 

 
  EACH      
  REPORTING
PERSON WITH
7.

SOLE DISPOSITIVE POWER 0

 

 
       
    8.

SHARED DISPOSITIVE POWER

 

See Row 6 above.

 
  9.


AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

See Row 6 above.

 
  10.


CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions) ¨

 

 
  11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

10.90%

 
  12.


TYPE OF REPORTING PERSON (See Instructions)

 

PN; HC

 
               

  

 
 

  

CUSIP No. 871206405 13G/A Page    4    of    9    Pages
  1. NAMES OF REPORTING PERSONS
Poplar Point GP LLC
 
       
  2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  
    (a) ¨
(b) ¨
 
       
  3.


SEC USE ONLY

 

 
  4.

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

 

 
  5. SOLE VOTING POWER 0  
  NUMBER OF      
  SHARES      
  BENEFICIALLY
OWNED BY
6.

SHARED VOTING POWER 3,147,783

 

 
  EACH      
  REPORTING
PERSON WITH
7.

SOLE DISPOSITIVE POWER 0

 

 
       
    8.

SHARED DISPOSITIVE POWER

 

See Row 6 above.

 
  9.


AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

See Row 6 above.

 
  10.


CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions) ¨

 

 
  11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

10.90%

 
  12.


TYPE OF REPORTING PERSON (See Instructions)

 

HC

 
               

  

 
 

   

CUSIP No. 871206405 13G/A Page    5    of    9    Pages
  1. NAMES OF REPORTING PERSONS
Jad Fakhry
 
       
  2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  
    (a) ¨
(b) ¨
 
       
  3.


SEC USE ONLY

 

 
  4.

CITIZENSHIP OR PLACE OF ORGANIZATION

U.S. Citizen

 

 
  5. SOLE VOTING POWER 0  
  NUMBER OF      
  SHARES      
  BENEFICIALLY
OWNED BY
6.

SHARED VOTING POWER 3,147,783

 

 
  EACH      
  REPORTING
PERSON WITH
7.

SOLE DISPOSITIVE POWER 0

 

 
       
    8.

SHARED DISPOSITIVE POWER

 

See Row 6 above.

 
  9.


AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

See Row 6 above.

 
  10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions) ¨

 

 
  11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

10.90%

 
  12.

TYPE OF REPORTING PERSON (See Instructions)

 

IN; HC

 
               

  

 
 

  

CUSIP No. 871206405 13G/A Page    6    of    9    Pages

 

 

Item 1(a).Name of Issuer.

 

Sycamore Networks, Inc.

 

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

 

220 Mill Road, Chelmsford, MA 01824

 

Item 2(a).Name of Person Filing:

 

This Schedule 13G/A is being jointly filed by Poplar Point Capital Management LLC (“PPCM”), Poplar Point Capital Partners LP (“PPCP”), Poplar Point GP LLC (“PPGP”), and Mr. Jad Fakhry (collectively with PPCM, PPCP and PPGP, the “Reporting Persons”) with respect to shares of common stock of the above-named issuer owned by PPCP.

 

PPCM is the investment manager for PPCP. PPGP is the general partner of PPCP. Mr. Fakhry is the manager of PPCM and PPGP, and owns a controlling interest in, PPCM and PPGP.

 

The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement other than the securities actually owned by such person (if any).

 

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

 

The address of the principal business office of each of the Reporting Persons is c/o Poplar Point Capital Management LLC, 840 Hinckley Road, Suite 221, Burlingame, CA 94010.

 

Item 2(c).Citizenship:

 

Each of PPCM and PPGP is organized as a limited liability company under the laws of the State of Delaware. PPCP is organized as a limited partnership under the laws of the State of Delaware. Mr. Fakhry is a U.S. citizen.

 

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

 

Common Stock, par value $0.001 per share

 

Item 2(e).CUSIP Number.

 

871206405

 

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

 

(a) ¨Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

 

(b) ¨Bank as defined, in Section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c) ¨Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d) ¨Investment company registered under Section 8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8);

 

(e) ¨An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

 

(f) ¨An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

 

 
 

 

CUSIP No. 871206405 13G/A Page   7    of    9    Pages

 

(g) ¨A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 

(h) ¨A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act
(15 U.S.C. 1813);

 

(i) ¨A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);

 

(j) ¨A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

 

(k) ¨Group, in accordance with § 240.13d-113d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ________________________

 

Item 4.Ownership.

 

A.Poplar Point Capital Management LLC

 

(a)PPCM may be deemed to beneficially own 3,147,783 shares of Common Stock.
   
(b)The number of shares PPCM may be deemed to beneficially own constitutes approximately 10.90% of the Common Stock outstanding.
   
(c)Number of shares as to which such person has:

 

(i) Sole power to vote or to direct the vote: 0

 

(ii) Shared power to vote or to direct the vote: 3,147,783

 

(iii) Sole power to dispose or to direct the disposition of: 0

 

(iv) Shared power to dispose or to direct the disposition of: 3,147,783

 

B.Poplar Point Capital Partners LP

 

(a)PPCP may be deemed to beneficially own 3,147,783 shares of Common Stock.
   
(b)The number of shares PPCP may be deemed to beneficially own constitutes approximately 10.90% of the Common Stock outstanding.
   
(c)Number of shares as to which such person has:

 

(i) Sole power to vote or to direct the vote: 0

 

(ii) Shared power to vote or to direct the vote: 3,147,783

 

(iii) Sole power to dispose or to direct the disposition of: 0

 

(iv) Shared power to dispose or to direct the disposition of: 3,147,783

 

C.Poplar Point GP LLC

 

(a)PPGP may be deemed to beneficially own 3,147,783 shares of Common Stock.
   
(b)The number of shares PPGP may be deemed to beneficially own constitutes approximately 10.90% of the Common Stock outstanding.

 

 
 

 

CUSIP No. 871206405 13G/A Page    8    of    9   Pages

 

(c)Number of shares as to which such person has:

  

(i) Sole power to vote or to direct the vote: 0

 

(ii) Shared power to vote or to direct the vote: 3,147,783

 

(iii) Sole power to dispose or to direct the disposition of: 0

 

(iv) Shared power to dispose or to direct the disposition of: 3,147,783

 

D.Jad Fakhry

 

(a)Fakhry may be deemed to beneficially own 3,147,783 shares of Common Stock.
   
(b)The number of shares Fakhry may be deemed to beneficially own constitutes approximately 10.90% of the Common Stock outstanding.
   
(c)Number of shares as to which such person has:

 

(i) Sole power to vote or to direct the vote: 0

 

(ii) Shared power to vote or to direct the vote: 3,147,783

 

(iii) Sole power to dispose or to direct the disposition of: 0

 

(iv) Shared power to dispose or to direct the disposition of: 3,147,783

 

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

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].

 

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 or Control Person

 

See Item 2 above

 

Item 8.Identification and Classification of Members of the Group

 

Not applicable

 

Item 9.Notice of Dissolution of Group

 

Not applicable

 

 
 

  

CUSIP No. 871206405 13G/A Page    9    of    9    Pages

 

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 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, I certify that the information set forth in this statement is true, complete and correct.

 

Dated this 19th day of June, 2014 POPLAR POINT CAPITAL MANAGEMENT LLC
     
  By: /s/ Jad Fakhry
    Jad Fakhry, Manager
     
     
  POPLAR POINT CAPITAL PARTNERS LP
     
  By: Poplar Point GP LLC
    its General Partner
     
  By: /s/ Jad Fakhry
    Jad Fakhry, Manager
     
     
  POPLAR POINT GP LLC
     
  By: /s/ Jad Fakhry
    Jad Fakhry, Manager
     
  /s/ Jad Fakhry
  JAD FAKHRY, an individual