-----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, OPJzo6N/1S3WpHsQ6IoSoxUQjyTgkqsX6TBKvgcMapTDtw/tmnvLYutohgvlZ9t9 /VC0VSKGWa4rYZyfk5d4Lg== 0000950131-00-001122.txt : 20000214 0000950131-00-001122.hdr.sgml : 20000214 ACCESSION NUMBER: 0000950131-00-001122 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000211 GROUP MEMBERS: CITADEL INVESTMENT GROUP, L.L.C. GROUP MEMBERS: CITADEL LIMITED PARTNERSHIP GROUP MEMBERS: GLB PARTNERS, L.P. 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: AMBI INC CENTRAL INDEX KEY: 0000744962 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 112653613 STATE OF INCORPORATION: NY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-38274 FILM NUMBER: 536446 BUSINESS ADDRESS: STREET 1: 4 MANHATTANVILLE ROAD CITY: PURCHASE STATE: NY ZIP: 10577-2197 BUSINESS PHONE: 9147014500 MAIL ADDRESS: STREET 1: 4 MANHATTANVILLE ROAD CITY: PURCHASE STATE: NY ZIP: 10577-2197 FORMER COMPANY: FORMER CONFORMED NAME: APPLIED MICROBIOLOGY 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/A 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/A 1 AMENDMENT TO 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. 3)* AMBI INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock (upon conversion of Series E and F Preferred Stock and upon conversion of specified Warrants) - -------------------------------------------------------------------------------- (Title of Class of Securities) 00163N 10 2 ------------------------ (CUSIP Number) December 31, 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). Page 1 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 2 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Citadel Limited Partnership - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Illinois Limited Partnership U.S.A. - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 50,195 Shares of Common Stock EACH 476 Shares of Series E Preferred Stock (convertible REPORTING into 380,800 shares of Common Stock)(1) PERSON 343 Shares of Series F Preferred Stock (convertible WITH into 274,400 Shares of Common Stock)(1) 192,842 Shares of Common Stock (upon exercise of warrant rights for 192,842 shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 2.9% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN; HC - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 2 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 3 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name GLB Partners, L.P. - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership U.S.A. - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 50,195 Shares of Common Stock EACH 476 Shares of Series E Preferred Stock (convertible REPORTING into 380,800 shares of Common Stock)(1) PERSON 343 Shares of Series F Preferred Stock (convertible WITH into 274,400 Shares of Common Stock)(1) 192,842 Shares of Common Stock (upon exercise of warrant rights for 192,842 shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 2.9% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN; HC - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 3 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 4 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Citadel Investment Group, L.L.C. - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Liability Company U.S.A. - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 50,195 Shares of Common Stock EACH 476 Shares of Series E Preferred Stock (convertible REPORTING into 380,800 shares of Common Stock)(1) PERSON 343 Shares of Series F Preferred Stock (convertible WITH into 274,400 Shares of Common Stock)(1) 192,842 Shares of Common Stock (upon exercise of warrant rights for 192,842 shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 2.9% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO; HC - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 4 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 5 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Kenneth Griffin - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen U.S.A. - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 50,195 Shares of Common Stock EACH 476 Shares of Series E Preferred Stock (convertible REPORTING into 380,800 shares of Common Stock)(1) PERSON 343 Shares of Series F Preferred Stock (convertible WITH into 274,400 Shares of Common Stock)(1) 192,842 Shares of Common Stock (upon exercise of warrant rights for 192,842 shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 2.9% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 5 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 6 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Wellington Partners Limited Partnership - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Illinois Limited Partnership U.S.A. - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 9,623 Shares of Common Stock EACH 341 Shares of Series E Preferred Stock (convertible REPORTING into 272,800 Shares of Common Stock)(1) PERSON 171.5 Shares of Series F Preferred Stock WITH (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 1.7% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN;HC - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 6 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 7 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name WNPH, L.L.C. - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Liability Company U.S.A. - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 9,623 Shares of Common Stock EACH 341 Shares of Series E Preferred Stock (convertible REPORTING into 272,800 Shares of Common Stock)(1) PERSON 171.5 Shares of Series F Preferred Stock WITH (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 1.7% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO;HC - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 7 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 8 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name WHC, L.L.C. - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Liability Company U.S.A. - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 9,623 Shares of Common Stock EACH 341 Shares of Series E Preferred Stock (convertible REPORTING into 272,800 Shares of Common Stock)(1) PERSON 171.5 Shares of Series F Preferred Stock WITH (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 1.7% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO;HC - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 8 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 9 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name NP Partners (f/k/a Nelson Partners) - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda General Partnership - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 9,623 Shares of Common Stock EACH 341 Shares of Series E Preferred Stock (convertible REPORTING into 272,800 Shares of Common Stock)(1) PERSON 171.5 Shares of Series F Preferred Stock WITH (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 1.7% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 9 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 10 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Kensington Global Strategies Fund, Ltd. - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda Company - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 40,572 Shares of Common Stock EACH 135 Shares of Series E Preferred Stock (convertible REPORTING into 108,000 Shares of Common Stock)(1) PERSON 171.5 Shares of Series F Preferred Stock WITH (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 1.2% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 10 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 11 of 25 Pages - ------------------------------ -------------------------- - -------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Name Olympus Securities, Ltd. - -------- ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------- ----------------------------------------------------------------------- 3. SEC USE ONLY - -------- ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda Corporation - -------- ----------- ----- ----------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 0 SHARES ----- ----------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 40,572 Shares of Common Stock EACH 135 Shares of Series E Preferred Stock (convertible REPORTING into 108,000 Shares of Common Stock)(1) PERSON 171.5 Shares of Series F Preferred Stock WITH (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) ----- ----------------------------------------------------- 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* [ ] - -------- ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Up to 1.2% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the preferred stock and exercise of the warrants referred to in Row 6 above.) - -------- ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------- ----------------------------------------------------------------------- - -------------------- (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. Page 11 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 12 of 25 Pages - ------------------------------ -------------------------- SCHEDULE 13G ------------ Item 1(a) Name of Issuer: AMBI Inc. 1(b) Address of Issuer's Principal Executive Offices: 4 Manhattanville Road Purchase, New York 10577 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 60606 Illinois Limited Partnership GLB Partners, L.P. 225 W. Washington 9th Floor Chicago, Illinois 60606 Delaware Limited Partnership Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Delaware Limited Liability Company Kenneth Griffin 225 W. Washington 9th Floor Chicago, Illinois 60606 U.S. Citizen Page 12 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 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 60606 Illinois limited partnership WNPH, L.L.C. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Delaware limited liability company WCH, L.L.C. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Delaware limited liability company NP Partners c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Bermuda general partnership Kensington Global Strategies Fund, Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Bermuda company Olympus Securities, Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Bermuda corporation Page 13 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 14 of 25 Pages - ------------------------------ -------------------------- 2(d) Title of Class of Securities: Common Stock, par value $.005 per share (including common stock receivable upon conversion of Series E and Series F Preferred Stock and upon exercise of warrants) 2(e) CUSIP Number: 00163N-10-2 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [__] Broker or dealer registered under Section 15 of the Exchange Act; (b) [__] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [__] Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) [__] Investment company registered under Section 8 of the Investment Company Act; (e) [__] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [__] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [__] A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G); (h) [__] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [__] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [__] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [X] Page 14 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 15 of 25 Pages - ------------------------------ -------------------------- Item 4 Ownership: CITADEL LIMITED PARTNERSHIP (a) Amount beneficially owned: 50,195 Shares of Common Stock 476 Shares of Series E Preferred Stock (convertible into 380,800 shares of Common Stock)(1) 343 Shares of Series F Preferred Stock (convertible into 274,400 Shares of Common Stock)(1) 192,842 Shares of Common Stock (upon exercise of warrant rights for 192,842 shares) (b) Percent of Class: Up to 2.9% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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. GLB PARTNERS, L.P. (a) Amount beneficially owned: 50,195 Shares of Common Stock 476 Shares of Series E Preferred Stock (convertible into 380,800 shares of Common Stock)(1) 343 Shares of Series F Preferred Stock (convertible into 274,400 Shares of Common Stock)(1) 192,842 Shares of Common Stock (upon exercise of warrant rights for 192,842 shares) Page 15 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 16 of 25 Pages - ------------------------------ -------------------------- (b) Percent of Class: Up to 2.9% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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: 50,195 Shares of Common Stock 476 Shares of Series E Preferred Stock (convertible into 380,800 shares of Common Stock)(1) 343 Shares of Series F Preferred Stock (convertible into 274,400 Shares of Common Stock)(1) 192,842 Shares of Common Stock (upon exercise of warrant rights for 192,842 shares) (b) Percent of Class: Up to 2.9% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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 Page 16 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 17 of 25 Pages - ------------------------------ -------------------------- (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: 50,195 Shares of Common Stock 476 Shares of Series E Preferred Stock (convertible into 380,800 shares of Common Stock)(1) 343 Shares of Series F Preferred Stock (convertible into 274,400 Shares of Common Stock)(1) 192,842 Shares of Common Stock (upon exercise of warrant rights for 192,842 shares) (b) Percent of Class: Up to 2.9% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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. Page 17 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 18 of 25 Pages - ------------------------------ -------------------------- WELLINGTON PARTNERS LIMITED PARTNERSHIP (a) Amount beneficially owned: 9,623 Shares of Common Stock 341 Shares of Series E Preferred Stock (convertible into 272,800 Shares of Common Stock)(1) 171.5 Shares of Series F Preferred Stock (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) (b) Percent of Class: Up to 1.7% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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. WNPH, L.L.C. (a) Amount beneficially owned: 9,623 Shares of Common Stock 341 Shares of Series E Preferred Stock (convertible into 272,800 Shares of Common Stock)(1) 171.5 Shares of Series F Preferred Stock (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) Page 18 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 19 of 25 Pages - ------------------------------ -------------------------- (b) Percent of Class: Up to 1.7% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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. WCH, L.L.C. (a) Amount beneficially owned: 9,623 Shares of Common Stock 341 Shares of Series E Preferred Stock (convertible into 272,800 Shares of Common Stock)(1) 171.5 Shares of Series F Preferred Stock (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) (b) Percent of Class: Up to 1.7% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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 Page 19 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 20 of 25 Pages - ------------------------------ -------------------------- (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: 9,623 Shares of Common Stock 341 Shares of Series E Preferred Stock (convertible into 272,800 Shares of Common Stock)(1) 171.5 Shares of Series F Preferred Stock (convertible into 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) (b) Percent of Class: Up to 1.7% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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. Page 20 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 21 of 25 Pages - ------------------------------ -------------------------- KENSINGTON GLOBAL STRATEGIES FUND, LTD. (a) Amount beneficially owned: 40,572 Shares of Common Stock 135 Shares of Series E Preferred Stock (convertible into 108,000 Shares of Common Stock)(1) 171.5 Shares of Series F Preferred Stock (convertible into up to 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) (b) Percent of Class: Up to 1.2% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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. OLYMPUS SECURITIES, LTD. (a) Amount beneficially owned: 40,572 Shares of Common Stock 135 Shares of Series E Preferred Stock (convertible into 108,000 Shares of Common Stock)(1) 171.5 Shares of Series F Preferred Stock (convertible into up to 137,200 Shares of Common Stock)(1) 96,421 Shares of Common Stock (upon exercise of warrant rights to 96,421 Shares) Page 21 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 22 of 25 Pages - ------------------------------ -------------------------- (b) Percent of Class: Up to 1.2% as of the date of filing of this statement. (Based on 30,518,215 Shares of Common Stock issued and outstanding as of November 10, 1999, plus the Common Stock issuable upon the conversion of the 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. (1) Series E & Series F Preferred Stock accrue dividends at a rate of 10% per annum, payable quarterly in cash or common stock, at the discretion of the Issuer. Such shares are not reported as beneficially owned herein. 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 five percent of the class of securities, check the following [x]. 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. Page 22 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 23 of 25 Pages - ------------------------------ -------------------------- 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. Page 23 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 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 11/th/ day of February, 2000 /s/ Kenneth Griffin ------------------- Kenneth Griffin CITADEL LIMITED PARTNERSHIP CITADEL INVESTMENT GROUP, L.L.C. By: GLB Partners, L.P., By:/s/ Kenneth Griffin its General Partner ------------------- Kenneth Griffin, President By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin -------------------------- Kenneth Griffin, President GLB PARTNERS, L.P. WELLINGTON PARTNERS LIMITED PARTNERSHIP By: Citadel Investment Group, L.L.C., its General Partner By: Citadel Limited Partnership, its General Partner By: /s/ Kenneth Griffin By: GLB Partners, L.P., ------------------------------ its General Partner Kenneth Griffin, President By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin ----------------------------- Kenneth Griffin, President WNPH, L.L.C. NP PARTNERS By: Wellington Partners Limited By: WCH, L.L.C., Partnership, its General Partner its Sole Member By: Citadel Limited Partnership, By: Citadel Limited Partnership, its General Partner its Sole Member By: GLB Partners, L.P., By: GLB Partners, L.P., its General Partner its General Partner By: Citadel Investment Group, L.L.C., By: Citadel Investment Group, L.L.C., its General Partner its General Partner By: /s/ Kenneth Griffin By: /s/ Kenneth Griffin -------------------------------- --------------------------------- Kenneth Griffin, President Kenneth Griffin, President Page 24 of 25 Pages - ------------------------------ -------------------------- CUSIP No. 00163N-10-2 13G Page 25 of 25 Pages - ------------------------------ -------------------------- WCH, L.L.C. KENSINGTON GLOBAL STRATEGIES FUND, LTD. By: Citadel Limited Partnership, its Sole Member By: Citadel Limited Partnership, its Trading Manager By: GLB Partners, L.P., its General Partner By: GLB Partners, L.P., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: Citadel Investment Group, L.L.C., its General Partner By: /s/ Kenneth Griffin -------------------------------- Kenneth Griffin, President 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 Page 25 of 25 Pages -----END PRIVACY-ENHANCED MESSAGE-----