-----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, TeWb0uumijH8jLLvocQF45gP9Fy2WeEnoDaHzvBLKYT75Vi6u+2rmTsO/+roHCIO t8iAQWxD2jG7jujqiGz2jA== 0000931545-00-000001.txt : 20000202 0000931545-00-000001.hdr.sgml : 20000202 ACCESSION NUMBER: 0000931545-00-000001 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000113 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NSTOR TECHNOLOGIES INC CENTRAL INDEX KEY: 0000075448 STANDARD INDUSTRIAL CLASSIFICATION: [9995] IRS NUMBER: 952094565 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-06963 FILM NUMBER: 506598 BUSINESS ADDRESS: STREET 1: 100 CENTURY BLVD. CITY: WEST PALM BEACH STATE: FL ZIP: 33417 BUSINESS PHONE: 5616403103 MAIL ADDRESS: STREET 1: 450 TECHNOLOGY PARK CITY: LAKE MARY H STATE: FL ZIP: 3274617 FORMER COMPANY: FORMER CONFORMED NAME: IMGE INC DATE OF NAME CHANGE: 19960627 FORMER COMPANY: FORMER CONFORMED NAME: IMNET INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COMMUNICATIONS & CABLE INC DATE OF NAME CHANGE: 19890413 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEVY H IRWIN CENTRAL INDEX KEY: 0000931545 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 100 CENTURY BLVD CITY: WEST PALM BEACH STATE: FL ZIP: 33417 BUSINESS PHONE: 5616403100 MAIL ADDRESS: STREET 1: 100 CENTURY BLVD CITY: WEST PALM BEACH STATE: FL ZIP: 33487 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------------ SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 7 )* nStor Technologies, Inc. ------------------------ (Name of Issuer) Common Stock, $.05 par value --------------------------- (Title of Class of Securities) 67018N 10 8 (CUSIP Number) Mr. H. Irwin Levy nStor Technologies, Inc. 100 Century Boulevard West Palm Beach, Florida 33417 (561) 641-3100 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 16, 1999 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box __. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter 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 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 67018N 10 8 Page 2 of 6 Pages 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS H. Irwin Levy 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __ (b) x 3. SEC USE ONLY 4. SOURCE OF FUNDS PF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) __ 6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. Number of 7. SOLE VOTING POWER Shares 7,678,561 Beneficially Owned by 8. SHARED VOTING POWER Each Reporting 9. SOLE DISPOSITIVE POWER Person 7,678,561 With 10. SHARED DISPOSITIVE POWER 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,678,561 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES __ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 25.4% 14. TYPE OF REPORTING PERSON IN SCHEDULE 13D Page 3 of 6 Pages Item 1. Security and Issuer. This Statement on Schedule 13D relates to the shares of Common Stock, par value $.05 per share (the "Common Stock"), of nStor Technologies, Inc., a Delaware corporation (the "Company"). The principal executive offices of the Company are located at 100 Century Boulevard, West Palm Beach, Florida 33417. Item 2. Identity and Background. Item 2 is hereby amended by deleting the text in its entirety and substituting in its place the following: (a) Name: H. Irwin Levy (b) Business address: 100 Century Boulevard West Palm Beach, Florida 33417 (c) Present principal occupation: Mr. Levy is a private investor. He currently serves as the Chairman of the Board of Directors of the Company and several other corporations including MLL Corp. (through which he beneficially owns 335,897 shares of the Company's Common Stock) and Hilcoast Development Corp. (through which he beneficially owns 550,000 shares of the Company's Common Stock). (d) Criminal Proceedings: During the past five (5) years, Mr. Levy has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) Civil Proceedings: During the past five (5) years, Mr. Levy has not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in his being subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship: U.S.A. Item 3. Source and Amount of Funds or Other Consideration. The stock issued to Mr. Levy as described in Item 5 ( c ) was issued to Mr. Levy and MLL Corp. in exchange for loans made to the Company. Item 4. Purpose of Transaction. Purpose of the acquisition of the securities of the Company: Investment (a) The reporting person has no specific plan or proposal to acquire additional securities of the Company or to dispose of any securities of the Company. However, as an investor, the reporting person reviews from time to time the performance of all of his investments, including, but not limited to the securities of the Company and may in the future acquire or dispose of additional securities of the Company. (b) None. (c) None. (d) None. (e) None. (f) None. (g) None. (h) None. (i) None. (j) None. Item 5. Interest in Securities of the Issuer. This Amendment to Schedule 13D reflects a change in the number of shares and the percentage interest represented thereby of the Company's Common Stock held by the reporting person as a result of the transactions described in 5(c) below. (a) Mr. Levy is currently the beneficial owner of 7,678,561 shares of the Company's Common Stock representing 25.4% of the Company's Common Stock. Of these, (i) 3,607,664 shares are held directly by Mr. Levy; (ii) 335,897 shares are held by MLL Corp., a Florida corporation, of which Mr. Levy is the majority shareholder ("MLL"); (iii) 65,000 shares are issuable upon the conversion of currently exercisable warrants held by Mr. Levy; (iv) 50,000 shares are issuable upon the exercise of currently exercisable warrants held by Hilcoast Development Corp., a Delaware corporation, of which Mr. Levy is the majority shareholder ("Hilcoast"); (v) 120,000 shares are issuable upon the exercise of currently exercisable stock options held by Mr. Levy; (vi) 3,000,000 shares are issuable upon the conversion of currently outstanding shares of the Company's Series C Convertible Preferred Stock held by Mr. Levy and (vii) 500,000 shares of Common Stock are issuable upon the conversion of currently outstanding shares of the Company's Series E Convertible Preferred Stock held by Hilcoast. (b) Mr. Levy has sole dispositive and voting power over 7,678,561 shares of the Company's Common Stock. Mr. Levy has shared dispositive and voting power over 0 shares of the Company's Common Stock. (c) Since the most recent filing on Schedule 13D made by Mr. Levy on September 16, 1999, Mr. Levy has effected the following transactions involving the Company's Common Stock: (i) On December 9, 1999, Mr. Levy gifted 250,000 shares of the Company's Common Stock to a public charity. This transaction was reported on Mr. Levy's Form 4 for December 1999. (ii) On December 16, 1999, the Company retired notes payable by the Company to Mr. Levy and MLL by issuing 169,231 shares of the Company's Common Stock to each of Mr. Levy and MLL. These transactions were reported on Mr. Levy's Form 4 for December 1999. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits None. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 12 , 2000 __________________ /s/ H. Irwin Levy ____________________ H. Irwin Levy -----END PRIVACY-ENHANCED MESSAGE-----