-----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, LNnugYx1WVmfaMipngJ6wIxcw2BuJnClQirdCJq3e4JqvxHfs/0u7AwXUjRyyaNW X5VLCPMQVzNR6n+60XJxtQ== 0000950131-02-001787.txt : 20020502 0000950131-02-001787.hdr.sgml : 20020501 ACCESSION NUMBER: 0000950131-02-001787 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020502 GROUP MEMBERS: ARAGON INVESTMENTS, LTD. GROUP MEMBERS: CITADEL EQUITY FUND LTD. GROUP MEMBERS: CITADEL INVESTMENT GROUP, L.L.C. GROUP MEMBERS: GLP PARTNERS,L.P. GROUP MEMBERS: KENNETH GRIFFIN GROUP MEMBERS: KENSINGTON GLOBAL STRATEGIES FIND, LTD. GROUP MEMBERS: WELLINGTON PARTNERS LIMITED PARTNERSHIP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SONICBLUE INC CENTRAL INDEX KEY: 0000850519 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 770204341 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-47052 FILM NUMBER: 02631384 BUSINESS ADDRESS: STREET 1: 2841 MISSION COLLEGE BLVD CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4085888000 MAIL ADDRESS: STREET 1: 2801 MISSION COLLEGE BOULEVARD STREET 2: P.O. BOX 58058 CITY: SANTA CLARA STATE: CA ZIP: 95052-8058 FORMER COMPANY: FORMER CONFORMED NAME: S3 INC DATE OF NAME CHANGE: 19940615 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITADEL LIMITED PARTNERSHIP CENTRAL INDEX KEY: 0000931939 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 SC 13G 1 dsc13g.txt SCHEDULE SC 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. )* SONICblue Incorporated ---------------------------------------------------------- (Name of Issuer) Common Stock ---------------------------------------------------------- (Title of Class of Securities) 83546Q109 -------------------------- (CUSIP Number) April 22, 2002 ---------------------------------------------------- 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 16 CUSIP NO. 83546Q109 13G ----------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 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 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/12/ OWNED BY Warrants to purchase 2,500,000 shares of Common Stock/2/ 2,496,385 shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures and exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN; HC - ------------------------------------------------------------------------------ /1/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from the date of issuance, payable in cash on March 1 and September 1 of each year. At the option of the Company 50% of each interest payment may be made in Common Stock. /2/ See Footnote 1 in Item 4. Page 2 of 16 CUSIP NO. 83546Q109 13G ----------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 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 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/12/ OWNED BY Warrants to purchase 2,500,000 shares of Common Stock/2/ 2,496,385 shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures and exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN; HC - ------------------------------------------------------------------------------ /1/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from the date of issuance, payable in cash on March 1 and September 1 of each year. At the option of the Company 50% of each interest payment may be made in Common Stock. /2/ See Footnote 1 in Item 4. Page 3 of 16 CUSIP NO. 83546Q109 13G ----------- - ------------------------------------------------------------------------------ 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 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/12/ OWNED BY Warrants to purchase 2,500,000 shares of Common Stock/2/ 2,496,385 shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures and exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 OO; HC - ------------------------------------------------------------------------------ /1/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from the date of issuance, payable in cash on March 1 and September 1 of each year. At the option of the Company 50% of each interest payment may be made in Common Stock. /2/ See Footnote 1 in Item 4. Page 4 of 16 CUSIP NO. 83546Q109 13G ----------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 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 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/12/ OWNED BY Warrants to purchase 2,500,000 shares of Common Stock/2/ 2,496,385 shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures and exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN; HC - ------------------------------------------------------------------------------ /1/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from the date of issuance, payable in cash on March 1 and September 1 of each year. At the option of the Company 50% of each interest payment may be made in Common Stock. /2/ See Footnote 1 in Item 4. Page 5 of 16 CUSIP NO. 83546Q109 13G ----------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 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 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/12/ OWNED BY Warrants to purchase 2,500,000 shares of Common Stock/2/ 2,496,385 shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures and exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN; HC - ------------------------------------------------------------------------------ /1/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from the date of issuance, payable in cash on March 1 and September 1 of each year. At the option of the Company 50% of each interest payment may be made in Common Stock. /2/ See Footnote 1 in Item 4. Page 6 of 16 CUSIP NO. 83546Q109 13G ----------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Citadel Equity 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 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/12/ OWNED BY Warrants to purchase 2,500,000 shares of Common Stock/2/ 2,496,385 shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures and exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO - ------------------------------------------------------------------------------ /1/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from the date of issuance, payable in cash on March 1 and September 1 of each year. At the option of the Company 50% of each interest payment may be made in Common Stock. /2/ See Footnote 1 in Item 4. Page 7 of 16 CUSIP NO. 83546Q109 13G ----------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 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 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/12/ OWNED BY Warrants to purchase 2,500,000 shares of Common Stock/2/ 2,496,385 shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures and exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO; HC - ------------------------------------------------------------------------------ /1/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from the date of issuance, payable in cash on March 1 and September 1 of each year. At the option of the Company 50% of each interest payment may be made in Common Stock. /2/ See Footnote 1 in Item 4. Page 8 of 16 CUSIP NO. 83546Q109 13G ----------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Aragon Investments, 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 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/12/ OWNED BY Warrants to purchase 2,500,000 shares of Common Stock/2/ 2,496,385 shares of Common Stock ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 See Row 6 above. - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 See Row 6 above. - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures and exercise of the Warrants referred to in Row 6 above.) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 CO - ------------------------------------------------------------------------------ /1/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from the date of issuance, payable in cash on March 1 and September 1 of each year. At the option of the Company 50% of each interest payment may be made in Common Stock. /2/ See Footnote 1 in Item 4. Page 9 of 16 CUSIP NO. 83546Q109 13G ----------- Item 1(a) Name of Issuer: SONICBLUE INCORPORATED 1(b) Address of Issuer's Principal Executive Offices: 2841 Mission College Boulevard Santa Clara, California 95054 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 10 of 16 CUSIP NO. 83546Q109 13G ----------- Wellington Partners Limited Partnership c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Illinois limited partnership Citadel Equity Fund Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Bermuda company Kensington Global Strategies Fund, Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Bermuda company Aragon Investments, Ltd. c/o Citadel Investment Group, L.L.C. 225 W. Washington 9th Floor Chicago, Illinois 60606 Bermuda company 2(d) Title of Class of Securities: Common Stock, par value $0.0001 per share 2(e) CUSIP Number: 83546Q109. 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; Page 11 of 16 CUSIP NO. 83546Q109 13G ----------- (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] Item 4 Ownership: CITADEL LIMITED PARTNERSHIP GLB PARTNERS, L.P. CITADEL INVESTMENT GROUP, L.L.C. KENNETH GRIFFIN WELLINGTON PARTNERS LIMITED PARTNERSHIP CITADEL EQUITY FUND LTD. KENSINGTON GLOBAL STRATEGIES FUND, LTD. ARAGON INVESTMENTS, LTD. (a) Amount beneficially owned: $25,000,000 in principal amount of 7 3/4 Secured Senior Subordinated Convertible Debentures (convertible into 1,300,728 shares of Common Stock)/1/ Warrants to purchase 2,500,000 shares of Common Stock/1/ 2,496,385 shares of Common Stock (b) Percent of Class: Page 12 of 16 CUSIP NO. 83546Q109 13G ----------- Approximately 6.3% as of the date of this filing. (Based on 95,545,225 shares of Common Stock issued and outstanding as of April 15, 2002, plus the shares of Common Stock issuable upon the conversion of the 7 3/4 Convertible Debentures 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/ The 7 3/4 Convertible Debentures accrue interest at a rate of 7 3/4% per annum from April 22, 2002, payable in cash on March 1 and September 1 of each year. At the Company's option 50% of each interest payment may be made in shares of the Company's common stock, par value $0.0001 per share (the "Common Stock")(not to exceed 200,000 shares with respect to any interest payment date). As of the date of this filing, the 7 3/4 Convertible Debentures had accrued interest of approximately $53,819. If the Company elects to pay part of the interest payment in shares of Common stock, the Common Stock will be valued at 95% of the average of the closing prices for the five consecutive trading days ending on and including the third trading day prior to the interest payment date (every March 1 and September 1) for which interest will partially be paid in shares of Common Stock. The securities reported herein include (i) 2,496,385 shares of Common Stock (ii) 1,300,728 shares of Common Stock that the Reporting Persons may acquire in the future through the conversion of $25,000,000 in principal amount of the Company's 7 3/4 Secured Senior Subordinated Convertible Debentures due September 1, 2005 which may be converted by the Reporting Persons, at any time prior to the close of business on September 1, 2005, into shares of Common Stock at the conversion price equal to $19.22, subject to adjustment upon certain dilutive events, and (iii) 2,500,000 shares of Common Stock that the Reporting Person may acquire in the future through the exercise by the Reporting Persons of warrants (the "Warrants") at an exercise price equal to $3.39. The 7 3/4 Convertible Debentures and Warrants were issued on April 22, 2002. Page 13 of 16 CUSIP NO. 83546Q109 13G ----------- Pursuant to the terms of the 7 3/4 Convertible Debentures and the Warrants, the Reporting Persons cannot be the "beneficial owners" of more than 9.99% of the Common Stock within the meaning of Rule 13d-1 of the Securities Exchange Act of 1934. 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. Page 14 of 16 CUSIP NO. 83546Q109 13G ----------- 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 2nd day of May, 2002 /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 CITADEL EQUITY FUND LTD. By: /s/ Kenneth Griffin By: Citadel Limited Partnership, ------------------------------------ its Trading Manager Kenneth Griffin, President GLB PARTNERS, L.P. 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
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 Page 15 of 16 CUSIP NO. 83546Q109 13G ----------- ARAGON INVESTMENTS, 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 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 Page 16 of 16 -----END PRIVACY-ENHANCED MESSAGE-----