-----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, VI/kJFFAMP8JAHCbMuCSpet7B42/4LdgMQnyhQhwJPkijKxlWIDEPhLU9nUCTmJA V6tJQKA6+WvbUgQ9NHSRaA== 0000950131-99-004691.txt : 19990809 0000950131-99-004691.hdr.sgml : 19990809 ACCESSION NUMBER: 0000950131-99-004691 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990806 GROUP MEMBERS: CITADEL INVESTMENT GROUP, L.L.C. GROUP MEMBERS: CITADEL LIMITED PARTNERSHIP GROUP MEMBERS: GLB PARTNERS GROUP MEMBERS: KENNETH GRIFFIN GROUP MEMBERS: KENSINGTON GLOBAL STRATEGIES FUND, LTD. GROUP MEMBERS: NP PARTNERS GROUP MEMBERS: OLYMPUS SECURITIES, LTD. GROUP MEMBERS: WCH, L.L.C. GROUP MEMBERS: WELLINGTON PARTNERS LIMITED PARTNERSHIP GROUP MEMBERS: WNPH, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IMAGING TECHNOLOGIES CORP/CA CENTRAL INDEX KEY: 0000725394 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 330021693 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-35242 FILM NUMBER: 99679336 BUSINESS ADDRESS: STREET 1: 11031 VIA FRONTERA STE #100 CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 6196131300 FORMER COMPANY: FORMER CONFORMED NAME: PERSONAL COMPUTER PRODUCTS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITADEL LIMITED PARTNERSHIP CENTRAL INDEX KEY: 0000931939 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363754834 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 225 WEST WASHINGTON ST STREET 2: 9TH FL CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3126962100 MAIL ADDRESS: STREET 1: 225 W WASHINGTON ST STREET 2: STE 900 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: CITADEL INVESTMENT MANAGEMENT LP /ADV DATE OF NAME CHANGE: 19960524 FORMER COMPANY: FORMER CONFORMED NAME: CITADEL INVESTMENT MANAGEMENT LP /ADV DATE OF NAME CHANGE: 19960524 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. _____)* IMAGING TECHNOLOGIES CORP. ------------------------------------------------------------------ (Name of Issuer) Common Stock, Par Value $0.005 ------------------------------------------------------------------ (Title of Class of Securities) 45244U104 -------------------------------------- (CUSIP Number) July 27, 1999 ---------------------------------------------------- Date of Event Which Requires Filing of the 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) *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 ("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. 45244U104 13G Page 2 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Citadel Limited Partnership - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Illinois Limited Partnership U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 19,996 Shares of Common Stock 1,150,000 New Warrants (as defined) (exercisable OWNED BY into 1,150,000 Shares of Common Stock) 70 Shares of Series E Convertible Preferred Stock EACH (convertible into 827,586 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 7.3% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN; HC - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 3 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name GLB Partners. L.P. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware Limited Partnership U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 19,996 Shares of Common Stock 1,150,000 New Warrants (as defined) (exercisable into OWNED BY 1,150,000 Shares of Common Stock) 70 Shares of Series E Convertible Preferred Stock EACH (convertible into 827,586 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 7.3% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN; HC - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 4 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Citadel Investment Group, L.L.C. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware Limited Liability Company U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 19,996 Shares of Common Stock 1,150,000 New Warrants (as defined) (exercisable into OWNED BY 1,150,000 Shares of Common Stock) 70 Shares of Series E Convertible Preferred Stock EACH (convertible into 827,586 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 7.3% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. OO; HC - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 5 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Kenneth Griffin - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. U.S. Citizen U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 19,996 Shares of Common Stock 1,150,000 New Warrants (as defined) (exercisable into OWNED BY 1,150,000 Shares of Common Stock) 70 Shares of Series E Convertible Preferred Stock EACH (convertible into 827,586 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 7.3% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IN - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 6 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Wellington Partners Limited Partnership - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Illinois Limited Partnership U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into OWNED BY 575,000 Shares of Common Stock) 35 Shares of Series E Convertible Preferred Stock EACH (convertible into 413,793 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN; HC - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 7 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name WNPH, L.L.C. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware Limited Liability Company U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into OWNED BY 575,000 Shares of Common Stock) 35 Shares of Series E Convertible Preferred Stock EACH (convertible into 413,793 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. OO; HC - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 8 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name WCH, L.L.C. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Delaware Limited Liability Company U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into OWNED BY 575,000 Shares of Common Stock) 35 Shares of Series E Convertible Preferred Stock EACH (convertible into 413,793 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. OO; HC - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 9 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name NP Partners - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Bermuda General Partnership - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into OWNED BY 575,000 Shares of Common Stock) 35 Shares of Series E Convertible Preferred Stock EACH (convertible into 413,793 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. PN - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 10 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Kensington Global Strategies Fund, Ltd. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Bermuda Company - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into OWNED BY 575,000 Shares of Common Stock) 35 Shares of Series E Convertible Preferred Stock EACH (convertible into 413,793 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. CO; HC - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 11 of 25 Pages - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Olympus Securities, Ltd. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2. (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3. - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4. Bermuda Company - ------------------------------------------------------------------------------ SOLE VOTING POWER 5. 0 NUMBER OF SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into OWNED BY 575,000 Shares of Common Stock) 35 Shares of Series E Convertible Preferred Stock EACH (convertible into 413,793 Shares of Common Stock) REPORTING ----------------------------------------------------------- SOLE DISPOSITIVE POWER PERSON 7. 0 WITH ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8. See Item 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. See Item 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10. CERTAIN SHARES* [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11. Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. CO - ------------------------------------------------------------------------------ - ----------------------- --------------------- Cusip No. 45244U104 13G Page 12 of 25 Pages - ----------------------- --------------------- Item 1(a) Name of Issuer: IMAGING TECHNOLOGIES CORP. 1(b) Address of Issuer's Principal Executive Offices: 11031 Via Frontera Suite 100 San Diego, California 92127 Item 2(a) Name of Person Filing Item 2(b) Address of Principal Business Office Item 2(c) Citizenship Citadel Limited Partnership 225 W. Washington 9th Floor Chicago, Illinois 60604 Illinois Limited Partnership GLB Partners, L.P. 225 W. Washington 9th Floor Chicago, Illinois 60604 Delaware Limited Partnership Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60604 Delaware Limited Liability Company Kenneth Griffin 225 W. Washington 9th Floor Chicago, Illinois 60604 U.S. Citizen - ----------------------- --------------------- Cusip No. 45244U104 13G Page 13 of 25 Pages - ----------------------- --------------------- Wellington Partners Limited Partnership c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60604 Illinois limited partnership WNPH, L.L.C. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60604 Delaware limited liability company WCH, L.L.C. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60604 Delaware limited liability company NP Partners c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60604 Bermuda general partnership Kensington Global Strategies Fund, Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60604 Bermuda company Olympus Securities, Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60604 Bermuda company - ----------------------- --------------------- Cusip No. 45244U104 13G Page 14 of 25 Pages - ----------------------- --------------------- 2(d) Title of Class of Securities: Common Stock, par value $0.005 per share 2(e) CUSIP Number: 45244U104 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b): Not applicable. Item 4 Ownership: CITADEL LIMITED PARTNERSHIP (a) Amount beneficially owned: 19,996 Shares of Common Stock 1,150,000 New Warrants (as defined) (exercisable into 1,150,000 Shares of Common Stock)* 70 Shares of Series E Convertible Preferred Stock (convertible into 827,586 Shares of Common Stock)* (b) Percent of Class: Up to 7.3% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) (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: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 - ----------------------- --------------------- Cusip No. 45244U104 13G Page 15 of 25 Pages - ----------------------- --------------------- (iv) shared power to dispose or to direct the disposition of: See item (a) above. GLB PARTNERS, L.P. (a) Amount beneficially owned: 19,996 Shares of Common Stock 1,150,000 New Warrants (as defined) (exercisable into 1,150,000 Shares of Common Stock)* 70 Shares of Series E Convertible Preferred Stock (convertible into 827,586 Shares of Common Stock)* (b) Percent of Class: Up to 7.3% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) (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: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. CITADEL INVESTMENT GROUP, L.L.C. (a) Amount beneficially owned: 19,996 Shares of Common Stock 1,150,000 New Warrants (as defined) (exercisable into 1,150,000 Shares of Common Stock)* - ----------------------- --------------------- Cusip No. 45244U104 13G Page 16 of 25 Pages - ----------------------- --------------------- 70 Shares of Series E Convertible Preferred Stock (convertible into 827,586 Shares of Common Stock)* (b) Percent of Class: Up to 7.3% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) (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: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. KENNETH GRIFFIN (a) Amount beneficially owned: 19,996 Shares of Common Stock 1,150,000 New Warrants (as defined) (exercisable into 1,150,000 Shares of Common Stock)* 70 Shares of Series E Convertible Preferred Stock (convertible into 827,586 Shares of Common Stock)* (b) Percent of Class: Up to 7.3% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) - ----------------------- --------------------- Cusip No. 45244U104 13G Page 17 of 25 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: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. WELLINGTON PARTNERS LIMITED PARTNERSHIP (a) Amount beneficially owned: 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into 575,000 Shares of Common Stock)* 35 Shares of Series E Convertible Preferred Stock (convertible into 413,793 Shares of Common Stock)* (b) Percent of Class: Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) (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: See item (a) above. - ----------------------- --------------------- Cusip No. 45244U104 13G Page 18 of 25 Pages - ----------------------- --------------------- (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. WNPH, L.L.C. (a) Amount beneficially owned: 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into 575,000 Shares of Common Stock)* 35 Shares of Series E Convertible Preferred Stock (convertible into 413,793 Shares of Common Stock)* (b) Percent of Class: Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) (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: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. - ----------------------- --------------------- Cusip No. 45244U104 13G Page 19 of 25 Pages - ----------------------- --------------------- WCH, L.L.C. (a) Amount beneficially owned: 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into 575,000 Shares of Common Stock)* 35 Shares of Series E Convertible Preferred Stock (convertible into 413,793 Shares of Common Stock)* (b) Percent of Class: Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) (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: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. NP PARTNERS (a) Amount beneficially owned: 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into 575,000 Shares of Common Stock)* 35 Shares of Series E Convertible Preferred Stock (convertible into 413,793 Shares of Common Stock)* - ----------------------- --------------------- Cusip No. 45244U104 13G Page 20 of 25 Pages - ----------------------- --------------------- (b) Percent of Class: Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) (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: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. KENSINGTON GLOBAL STRATEGIES FUND, LTD. (a) Amount beneficially owned: 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into 575,000 Shares of Common Stock)* 35 Shares of Series E Convertible Preferred Stock (convertible into 413,793 Shares of Common Stock)* (b) Percent of Class: Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) - ----------------------- --------------------- Cusip No. 45244U104 13G Page 21 of 25 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: See item (a) above. (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. OLYMPUS SECURITIES, LTD. (a) Amount beneficially owned: 9,998 Shares of Common Stock 575,000 New Warrants (as defined) (exercisable into 575,000 Shares of Common Stock)* 35 Shares of Series E Convertible Preferred Stock (convertible into 413,793 Shares of Common Stock)* (b) Percent of Class: Up to 3.8% as of the date of filing of this statement. (Based on 23,700,886 Shares of Common Stock issued and outstanding as of July 27, 1999, plus the Common Stock previously issued and issuable upon the conversion of the Convertible Preferred Stock and exercise of the Warrants referred to in item (a) above.) (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: See item (a) above. - ----------------------- --------------------- Cusip No. 45244U104 13G Page 22 of 25 Pages - ----------------------- --------------------- (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: See item (a) above. * The securities reported herein include securities that the holders may acquire in the future through (i) the conversion of shares of the Company's Series E Convertible Preferred Stock ("Series E Preferred Stock"), which may be converted into shares of Common Stock at a conversion price equal to the lesser of $.50 or an amount equal to 70% of the average of the three lowest closing bid prices of the Common over the 30 trading days prior to conversion, and (ii) the exercise of certain warrants to purchase shares of common stock at $.8750 per share (the "New Warrants"). As a consequence of the variable conversion price of the Series E Preferred Stock, the number of shares of Common Stock into which the Series E Preferred Stock may be converted, and consequently the number of shares of such securities which the holders of such securities may be deemed to beneficially own, may fluctuate on a daily basis based solely on the Common Stock's market price and without any action taken by the holders of such securities. The beneficial ownership reported by the Reporting Persons does not include shares of Common Stock issuable upon the exercise of certain warrants to purchase shares of Common Stock at various exercise prices (the "Old Warrants"), as set forth below. None of the holders has the right to exercise Old Warrants for a number of shares of Common Stock in excess of the number of shares that, upon giving effect to such exercise, would cause the aggregate number of shares of Common Stock beneficially owned (as defined in Rule 13d-3, but excluding the Old Warrants other than those with respect to which such determination is made) by the holder and its affiliates to exceed 4.9% of the outstanding shares of Common Stock following such exercise. Accordingly, no Reporting Person can be a "beneficial owner" of the shares underlying the Old Warrants so long as the Reporting Persons, together with their affiliates, beneficially own more than 4.9% of the securities of Issuer, and this Schedule shall not be construed as an admission that such holders of the securities reported herein are "beneficial owners" to such extent. Each of NP Partners and Olympus Securities Ltd. owns 190,000 Old Warrants. At such time as the Common Stock underlying the Old Warrants is beneficially owned by the Reporting Persons within the meaning of Rule 13d-3, the other Reporting Persons will have beneficial ownership of these shares as follows: Citadel Investment Group, L.L.C., GLB Partners L.P., Citadel Limited Partnership and Kenneth C. Griffin: 380,000 shares; Wellington Partners Limited Partnership, WNPH, L.L.C. and WCH, L.L.C.: 190,000 shares; Kensington Global Strategies Fund, Ltd.: 190,000 shares. None of the holders has the right to convert Series E Preferred Stock or exercise New Warrants for a number of shares of Common Stock (i) in excess of the number of shares that, upon giving effect to such conversion or exercise, would cause the aggregate number of shares of Common Stock - ----------------------- --------------------- Cusip No. 45244U104 13G Page 23 of 25 Pages - ----------------------- --------------------- beneficially owned (as defined in Rule 13d-3, but excluding Series E Preferred Stock and New Warrants other than those with respect to which such determination is made) by the holder and its affiliates to exceed 10% of the outstanding shares of Common Stock following such conversion or exercise, or (ii) to the extent that, after giving effect to such conversion or exercise, such holder would have acquired beneficial ownership (as defined in Rule 13d-3, but excluding Series E Preferred Stock and New Warrants other than those with respect to which such determination is made) of a number of shares of Common Stock during the 60-day period ending on and including the date such conversion or exercise was implemented (the "60-Day Period") which, when added to the number of shares of Common Stock beneficially owned at the beginning of the 60-Day Period, is in excess of 10% of the shares of Common Stock outstanding immediately after giving effect to such conversion or exercise. Accordingly, no Reporting Person can be a "beneficial owner" of more than 10% of the securities of Issuer as a result of the ownership of Series E Preferred Stock or New Warrants to the extent that the prohibitions in the foregoing sentence apply, and this Schedule shall not be construed as an admission that such holders of the securities reported herein are "beneficial owners" to such extent. Item 5 Ownership of Five Percent or Less of a Class: Not Applicable. 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: 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. 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. - ----------------------- --------------------- Cusip No. 45244U104 13G Page 24 of 25 Pages - ----------------------- --------------------- After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated this 6th day of August, 1999 /s/ Kenneth Griffin --------------------------------- Kenneth Griffin CITADEL LIMITED PARTNERSHIP By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin --------------------------------- Kenneth Griffin, President GLB PARTNERS, L.P. By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin --------------------------------- Kenneth Griffin, President WELLINGTON PARTNERS LIMITED PARTNERSHIP By: Citadel Limited Partnership, its General Partner By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin --------------------------------- Kenneth Griffin, President CITADEL INVESTMENT GROUP, L.L.C. By: /s/ Kenneth Griffin --------------------------------- Kenneth Griffin, President NP PARTNERS By: Citadel Limited Partnership, its Managing General Partner By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin --------------------------------- Kenneth Griffin, President WCH, L.L.C. By: Citadel Limited Partnership, its Sole Member By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin --------------------------------- Kenneth Griffin, President - ----------------------- --------------------- Cusip No. 45244U104 13G Page 25 of 25 Pages - ----------------------- --------------------- WNPH, L.L.C. By: Wellington Partners Limited Partnership, its Sole Member By: Citadel Limited Partnership, its General Partner By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin ---------------------------------- Kenneth Griffin, President OLYMPUS SECURITIES, LTD. By: Citadel Limited Partnership, its Trading Manager By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin ---------------------------------- Kenneth Griffin, President KENSINGTON GLOBAL STRATEGIES FUND, LTD. By: Citadel Limited Partnership, its Trading Manager By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin ---------------------------------- Kenneth Griffin, President -----END PRIVACY-ENHANCED MESSAGE-----