0000914248-01-500028.txt : 20011009
0000914248-01-500028.hdr.sgml : 20011009
ACCESSION NUMBER: 0000914248-01-500028
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011003
GROUP MEMBERS: AUSTIN W. MARXE
GROUP MEMBERS: AWM INVESTMENT COMPANY, INC.
GROUP MEMBERS: DAVID M. GREENHOUSE
GROUP MEMBERS: MG ADVISERS LLC
GROUP MEMBERS: MGP ADVISERS LIMITED PARTNERSHIP
GROUP MEMBERS: SPECIAL SITUATIONS CAYMAN FUND, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS FUND III, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS PRIVATE EQUITY FUND, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS TECHNOLOGY FUND, L.P.
GROUP MEMBERS: SST ADVISERS LLC
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: DATAKEY INC
CENTRAL INDEX KEY: 0000704914
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
IRS NUMBER: 411291472
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-35977
FILM NUMBER: 1751219
BUSINESS ADDRESS:
STREET 1: 407 W TRAVELERS TRAIL
CITY: BURNSVILLE
STATE: MN
ZIP: 55337
BUSINESS PHONE: 6128906850
MAIL ADDRESS:
STREET 1: 407 WEST TRAVELERS TRAIL
CITY: BURNSVILLE
STATE: MN
ZIP: 55337
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SPECIAL SITUATIONS FUND III L P
CENTRAL INDEX KEY: 0000914248
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 133737427
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 153 E 53 ST 51ST FL
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 2128325300
MAIL ADDRESS:
STREET 1: 153 EAST 53RD STREET 51ST FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
SC 13D/A
1
dkey13dt.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___1___)*
Datakey, Inc.
______________________________________________________
(Name of Issuer)
Common Stock, $ .05 Par Value
______________________________________________________
(Title of Class of Securities)
237909106
____________________________________
(CUSIP Number)
Austin W. Marxe, 153 East 53rd Street, New York, NY 10022
(212) 207-6500
______________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 28, 2001
_________________________________________________________
(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-I(b)(3) or (4), check the following box ___.
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) 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 the disclosures provided
in a prior cover page.
The information required in the remainder of the 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).
SCHEDULE 13D
CUSIP No.237909106 Page 2 of 9 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Special Situations Fund III, L.P.
F13-3737427
MGP Advisers Limited Partnership F13-3263120
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO 2(d) OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
1,669,250 (Includes 650,000 of warrants.)
----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.7
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IV/IA
----------------------------------------------------------------
SCHEDULE 13D
CUSIP No.237909106 Page 3 of 9 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Special Situations Cayman Fund, L.P.
98-0132442
AWM Investment Company, Inc. 11-3086452
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO 2(d) OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
450,432 (Includes 166,666 warrants)
----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IV/IA
----------------------------------------------------------------
SCHEDULE 13D
CUSIP No.237909106 Page 4 of 9 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Special Situations Private Equity Fund, L.P.
F13-3916551
MG Advisers, L.L.C. F13-3916549
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO 2(d) OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
600,000 (Includes 300,000 warrants.)
----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IV/IA
----------------------------------------------------------------
SCHEDULE 13D
CUSIP No.237909106 Page 5 of 9 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Special Situations Technology Fund, L.P.
13-3937585
SST Advisers LLC 13-3937583
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO 2(d) OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER See Marxe\Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER See Marxe\Greenhouse
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
514,884 (Includes 216,667 warrants)
----------------------------------------------------------------
-(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.0
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------
SCHEDULE 13D
CUSIP No.237909106 Page 6 of 9 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Austin W. Marxe
David M. Greenhouse
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO 2(d) OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER 3,234,566
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER 3,234,566
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
3,234,566 (Includes 1,333,333 warrants )
----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.7
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------
Page 7 of 9 Pages
Item 1. Security and Issuer. This Schedule relates to the
common stock and warrants of Datakey, Inc. (the
"Issuer"). The Issuer's principal executive offices
are located at 407 West Travelers Trail, Burnsville, MN
55337-2554.
Item 2. Identity and Background. This Schedule is filed on
behalf of (i) Special Situations Fund III, L.P., a
Delaware limited partnership ("SSF III") (ii) Special
Situations Cayman Fund, L.P., a Cayman Islands limited
partnership ("CAY") (iii) Special Situations Private
Equity Fund, L.P., a Delaware limited partnership (the
"Private Equity Fund"); (iv) Special Situations
Technology Fund, L.P., a Delaware limited partnership
("SST"); (v) MGP Advisers Limited Partnership, a
Delaware limited partnership ("MGP") (vi) AWM
Investment Company, Inc., a Delaware corporation("AWM")
(vii) MG Advisers. L.L.C., a New York Limited Liability
Company ("MG"); (viii) SST Advisers L.L.C., a Delaware
limited liability company ("SSA"); (ix) Austin W. Marxe
and (x) David Greenhouse. Each of the foregoing is
hereinafter referred to, individually, as a "Reporting
Person" and, collectively, as the "Reporting Persons."
The principal office and business address of the
Reporting Persons, other than CAY, is 153 East 53rd
Street, 51st floor, New York, NY 10022. The principal
office and business address for CAY is c/o CIBC Bank
and Trust Company (Cayman) Ltd., P.O. Box 694, Edwards
Street, Grand Cayman, Cayman Islands, BWI.
The principal business of SSF III, CAY, the Private
Equity Fund, and SST (individually, a "Fund" and,
collectively, the "Funds") is to invest in equity and
equity related securities. The principal business of
MGP is to act as the general partner of and investment
adviser to SSF III. The principal business of AWM is to
act as the general partner of and investment adviser to
CAY, as well as the general partner of MGP. The
principal business of MG is to act as general partner
of and the investment adviser to the Private Equity
Fund. The principal business of SSA is to act as the
general partner of and the investment adviser to SST.
MGP, AWM, MG and SSTA are referred to herein,
individually, as an "Adviser" and, collectively, as the
"Advisers." The principal occupation of Austin W.
Marxe and David Greenhouse, both of whom are United
States citizens, is to serve as officers, directors and
members or principal shareholders of the Advisers.
Neither any Fund, any Adviser, Austin W. Marxe nor
David Greenhouse, during the last 5 years, has been
Page 8 of 9 Pages
convicted in any criminal proceeding or was or is subject to 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 violations with respect to
such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Each Fund utilized available cash assets to purchase
the Securities.
Item 4. Purpose of the Transaction. Each of the Reporting
Persons has acquired and is holding the Securities
solely for investment purposes and not with the purpose
or the effect of changing or influencing control of the
Issuer. Each Fund acquired the Securities in the
ordinary course of business and is holding such
Securities for the benefit of its third party
investors.
Item 5. Interest in Securities of the Issuer. See pps. 2-5 of
this Schedule, setting forth the aggregate number and
percentage of the Securities beneficially owned by each
Reporting Person, the number of shares as to which
there is sole or shared power to vote, or to direct the
vote, and sole or shared power to dispose or to direct
the disposition.
During July and August 2001, the following funds
acquired the following shares of common stock in open
market transactions:
1. SSF III - 16,100 common shares at average price of
$2.50 per share
2. CAY- 4,100 common shares at an average price of
$2.90 per share.
No other transactions have occurred within the past 60 days.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
See Item 2 and Item 4 of this Schedule. Based on such
Page 9 of 9 Pages
Items. Messrs. Marxe and Greenhouse maintain sole voting power
and sole dispositive power with respect to the Securities.
Item 7. Material to be Filed as Exhibits.
None
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.
October 1, 2001
/s/ Austin W. Marxe
_________________________________
Special Situations Private Equity Fund, L.P.
by: Austin W. Marxe, Managing Director
/s/ Austin W. Marxe
_____________________________
Special Situations Technology Fund, L.P.
by: Austin Marxe, Managing Director
/s/ Austin W. Marxe
_____________________________
MG Advisers, L.L.C.
by: Austin Marxe, President and CEO
/s/ Austin W. Marxe
_____________________________
SST Advisers, L.L.C.
by: Austin Marxe, President and CEO
/s/ Austin W. Marxe
_____________________________
Austin W. Marxe
/s/ David Greenhouse
_____________________________
David Greenhouse