-----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, Plf7WkXzp/9+S9qDDw8+Jd8JbjqU+N68xtbAdvx6AxBehMvK3g8FDHDcL4Se3p5P Xjm2j2N499lV689fH8iWiw== 0001116679-02-000231.txt : 20020414 0001116679-02-000231.hdr.sgml : 20020414 ACCESSION NUMBER: 0001116679-02-000231 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020225 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SCIENCE DYNAMICS CORP CENTRAL INDEX KEY: 0000350644 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 222011859 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-34249 FILM NUMBER: 02557296 BUSINESS ADDRESS: STREET 1: 1919 SPRINGDALE RD CITY: CHERRY HILL STATE: NJ ZIP: 08003 BUSINESS PHONE: 8564240068 MAIL ADDRESS: STREET 1: SCIENCE DYNAMICS CORP STREET 2: 1919 SPRINGDALE RD CITY: CHERRY HILL STATE: NJ ZIP: 08003 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CLASTER MARK L CENTRAL INDEX KEY: 0001168062 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 135 EAST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123186000 MAIL ADDRESS: STREET 1: 135 EAST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 scidyn13d.txt DATE OF EVENT: JAN. 9, 2002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 SCIENCE DYNAMICS CORPORATION (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE (Title of Class of Securities) 808631 10 5 ----------------------- (CUSIP Number) Mark L. Claster Carl Marks & Co. Inc. 135 East 57th Street 27th Floor New York, New York 10022 (212) 909-8400 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 9, 2002 ------------------------ (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 which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Page 1 of 8 pages SCHEDULE 13D - ---------------------- ---------------------- CUSIP No. 808631 10 5 PAGE 2 OF 8 PAGES - ---------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mark L. Claster - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ] REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 67,100 -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 357,000 EACH -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 67,100 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 357,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 424,100 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.32% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT -2- SCHEDULE 13D - ---------------------- ---------------------- CUSIP No. 808631 10 5 PAGE 3 OF 8 PAGES - ---------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Carl Marks & Co. Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ] REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 357,000 -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 357,000 PERSON WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 357,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.95% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT -3- ITEM 1. SECURITY AND ISSUER. -------------------- This statement on Schedule 13D ("Schedule 13D") is being filed with respect to the common stock, par value $.01 per share (the "Common Stock") of Science Dynamics Corporation, a Delaware corporation (the "Company"). The principal executive offices of the Company are located at 1919 Springdale Road, Cherry Hill, New Jersey 08003. This Schedule 13D is being filed pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the "Exchange Act"). ITEM 2. IDENTITY AND BACKGROUND. ------------------------ (a) This Schedule 13D is filed by (i) Mark L. Claster ("Claster") and (ii) Carl Marks & Co. Inc. (formerly CMCO, Inc.), a New York corporation ("CMCO"). Claster and CMCO are collectively referred to herein as the "Reporting Persons." (b) The Reporting Persons' business address is 135 East 57th Street, 27th Floor, New York, NY 10022. (c) The principal business of Claster is to serve as the Co-President of CMCO. The principal business of CMCO is investments. (d) During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the Reporting Persons have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. -4- (f) Claster is a United States citizen. CMCO is incorporated in New York. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. -------------------------------------------------- Through transactions in November and December 2001, Claster purchased 1,102,100 shares of Common Stock from Edwin S. Marks ("Marks"). Marks is the Chairman of CMCO. Claster purchased these shares with personal funds of $132,077. Claster sold 1,035,000 of the shares of Common Stock to Marks as follows: (i) 400,000 shares on January 8, 2002 at a sales price of $31,896.50; (ii) 610,000 shares on January 9, 2002 at a sales price of $49,206.50; and (iii) 25,000 shares on January 9, 2002 at a sales price of $2,046.46. CMCO purchased 357,000 shares between October 3, 1995 and November 20, 2000. The source of funds was CMCO's working capital. ITEM 4. PURPOSE OF TRANSACTION. ----------------------- Each of the Reporting Persons purchased their shares of Common Stock for investment purposes. Each of the Reporting Persons may acquire additional shares of Common Stock from time to time, in open market purchases, negotiated transactions or otherwise, and may sell any or all of such shares of Common Stock at any time. Other than as set forth in the preceding paragraph of this Item 4, each of the Reporting Persons does not have any plans or proposals which relate to or would result in any of the matters enumerated in clauses (a) through (j), inclusive, of Item 4 of Schedule 13D, namely: (a) the acquisition by any person of additional securities of the Company or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change -5- in the present Board of Directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company's business or corporate structure; (g) changes in the Company's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. ------------------------------------- (a) As of the date hereof, (i) Claster owns 67,100 shares of Common Stock, and (ii) CMCO owns 357,000 shares of Common Stock. Previously, as a result of the transactions described in Item 3, Claster owned 1,102,100 shares of Common Stock. The 1,102,100 shares of Common Stock comprised approximately 6.04% of the outstanding Common Shares of the Company. In his capacity as Co-President of CMCO, Claster may be deemed beneficially to own the 357,000 shares owned directly by CMCO. (b) Claster has sole power to vote 67,100 shares of Common Stock. Claster, in his capacity as Co-President of CMCO, has the shared power to direct the vote and disposition of the 357,000 shares of Common Stock owned by CMCO. -6- (c) Claster has made the following transactions with respect to the shares of Common Stock: Transaction Number of Shares Purchase Price Sales Price Date ----------- ---------------- -------------- ----------- ---- Purchase 10,000 $12,802.00 -- 9/9/99 Purchase 10,000 $12,191.00 -- 9/15/99 Purchase 10,000 $12,191.00 -- 9/17/99 Purchase 15,000 $18,285.00 -- 10/14/99 Purchase 500,000 $36,900.00 -- 11/27/01 Purchase 557,100 $39,708.00 -- 11/27/01 Sale 400,000 -- $31,896.50 1/8/02 Sale 610,000 -- $49,206.50 1/9/02 Sale 25,000 -- $2,046.46 1/9/02 (d) Not applicable. (e) On January 9, 2002, Claster ceased to be a beneficial owner of more than 5% of the Common Stock. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. ------------------------------------------------------- Reference is made to the Reporting Persons' responses to Item 3. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. --------------------------------- None. -7- SIGNATURES ---------- After reasonable inquiry and to the best of our knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 25, 2002 /s/ Mark L. Claster -------------------------------------- Mark L. Claster CARL MARKS & CO. INC. By: /s/ Mark L. Claster ------------------------------------ Name: Mark L. Claster, Co-President of CMCO -8- -----END PRIVACY-ENHANCED MESSAGE-----