-----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, KMtPT1kAybOOMNOzVkjQFUFrrgloiD5PlIDgafB33FOORM3fQFssbeafhZO+7uPT EFK6dIa2nAlgPokomji50A== 0000935836-99-000254.txt : 19990910 0000935836-99-000254.hdr.sgml : 19990910 ACCESSION NUMBER: 0000935836-99-000254 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990909 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STRATEGIC DIAGNOSTICS INC/DE/ CENTRAL INDEX KEY: 0000911649 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 561581761 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-47761 FILM NUMBER: 99708064 BUSINESS ADDRESS: STREET 1: 111 PENCADER DR CITY: NEWARK STATE: DE ZIP: 19702 BUSINESS PHONE: 3024566789 MAIL ADDRESS: STREET 1: 111 PENCADER DR CITY: NEWARK STATE: DE ZIP: 19702 FORMER COMPANY: FORMER CONFORMED NAME: ENSYS ENVIRONMENTAL PRODUCTS INC /DE/ DATE OF NAME CHANGE: 19930907 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANNER PARTNERS CENTRAL INDEX KEY: 0001012772 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3000 SAND HILL ROAD BUILDING 1 STE 190 CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 4158541555 MAIL ADDRESS: STREET 1: WILLIAM C. EDWARDS STREET 2: 3000 SAND HILL ROAD BLDG 1 STE 190 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13D/A 1 OMB APPROVAL OMB Number:3235-0145 Expires:December 31, 1997 Estimated average burden hours per form 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) Strategic Diagnostics Inc. (Name of Issuer) Common Stock - ---------------------------------------------------------------- (Title of Class of Securities) 862700101 (CUSIP Number) Banner Partners c/o Bryan & Edwards 3000 Sand Hill Road, Bldg. 1, Ste. 190 Menlo Park, CA 94025 (415) 854-1555 - ---------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 24, 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 schedule because of Rule 13d- 1(b)(3) or (4), check the following box / /. Check the following box if a fee is being paid with the statement / /. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter 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). SEC 1746 (12-91) SCHEDULE 13D CUSIP No. 862700101 Page 2 of 8 Pages - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Banner Partners, IRS No.: 94-2703211 - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /*/ (b) / / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ---------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ---------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ---------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 452,800 REPORTING --------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 10 SHARED DISPOSITIVE POWER 452,800 - ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 452,800 - ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.3% - ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ---------------------------------------------------------------- SCHEDULE 13D CUSIP No. 862700101 Page 3 of 8 Pages - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON William C. Edwards - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /* / (b) / / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ---------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ---------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ---------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 452,800 REPORTING --------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 10 SHARED DISPOSITIVE POWER 452,800 - ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 452,800 - ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.3% - ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN SCHEDULE 13D CUSIP No. 862700101 Page 4 of 8 Pages - ---------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Alan R. Brudos - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /* / (b) / / - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ---------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ---------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ---------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 452,800 REPORTING --------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 10 SHARED DISPOSITIVE POWER 452,800 - ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 452,800 - ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.3% - ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN SCHEDULE 13D CUSIP No. 862700101 Page 5 of 8 Pages ITEM 1. SECURITY AND ISSUER. This statement relates to shares of common stock ("Common Stock") of Strategic Diagnostics Inc. ("SDI") (the Securities"). The principal executive office of SDI is located at 128 Sandy Drive, Newark, DE 19713. ITEM 2. IDENTITY AND BACKGROUND. The persons filing this statement and the persons enumerated in Instruction C of Schedule 13D and, where applicable, their respective places of organization, general partners, directors, executive officers and controlling persons, and the information regarding them, are as follows: (a) Banner Partners ("Banner"); William C. Edwards ("Edwards"); and Alan R. Brudos ("Brudos"). (b) The business address of Banner, Edwards and Brudos is 3000 Sand Hill Road, Bldg. 1, Ste. 190, Menlo Park, CA 94025. (c) Edwards and Brudos are the general partners of Banner, which is an investment limited partnership. (d) During the last five years, none of such persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of such persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Banner is a California limited partnership, and Edwards and Brudos are citizens of the United States of America. SCHEDULE 13D CUSIP No. 862700101 Page 6 of 8 Pages ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The source and amount of funds used in purchasing the Securities were as follows: Purchaser Source of Funds Amount Banner (managed by Palo Alto Investors) Working Capital $833,546.07 ITEM 4. PURPOSE OF TRANSACTION. The principal purpose of the acquisitions of the Securities is investment. The persons named in Item 2 of this statement have no plans or proposals that relate to or would result in: (a) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving SDI or any of its subsidiaries; (b) A sale or transfer of a material amount of assets of SDI or of any of its subsidiaries; (c) Any change in the present board of directors or management of SDI, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (d) Any material change in the present capitalization or dividend policy of SDI; (e) Any other material change in SDI's business or corporate structure; (f) Changes in SDI's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of SDI by any person; (g) Causing a class of securities of SDI to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (h) A class of equity securities of SDI becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (i) Any action similar to any of those enumerated above. SCHEDULE 13D CUSIP No. 862700101 Page 7 of 8 Pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The beneficial ownership of the Securities of the persons named in Item 2 of this amended statement is as follows at the date hereof: Aggregate Beneficially Owned VotingPower DispositivePower Name Number Percent Sole Shared Sole Shared Banner 452,800 3.3% -0- 452,800 -0- 452,800 Edwards 452,800 3.3% -0- 452,800 -0- 452,800 Brudos 452,800 3.3% -0- 452,800 -0- 452,800 The persons filing this statement effected the following transactions in the Securities on the dates indicated, and such transactions are the only transactions in the Securities since July 1, 1999, by the persons filing this statement: Purchase Number Price or of Per Name Sale Date Shares Share Banner S 8-24-99 296,000 $5.5045 Banner S 8-24-99 8,000 5.8125 Banner S 8-25-99 36,000 5.7708 Banner S 8-26-99 5,600 5.7500 Banner S 8-27-99 14,600 5.7500 Banner S 8-30-99 24,700 5.8333 Banner S 8-31-99 17,300 5.9187 The persons filing this statement ceased to own more than 5% of the outstanding Securities on August 24, 1999. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Edwards and Brudos are the general partners of Banner pursuant to a limited partnership agreement (the "LPA"). The LPA provides to the general partners the authority, among other things, to invest Banner's funds in the Securities, to vote and SCHEDULE 13D CUSIP No. 862700101 Page 8 of 8 pages dispose of those securities and to file this statement on Banner's behalf. Pursuant to Banner's investment management agreement (the "IMA") with Palo Alto Investors ("PAI"), PAI is authorized, among other things, to invest a portion of Banner's funds and to vote and dispose of securities acquired by such funds, including the Securities. The IMA may be terminated by either party on notice as provided in the IMA and provides for fees paid to PAI based on assets under management and realized gains. PAI has filed a statement on Schedule 13G with respect to the Securities PAI beneficially owns. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Not applicable. SIGNATURES After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this statement is true, complete and correct. DATED: September 2, 1999 BANNER PARTNERS, a California limited partnership By: /s/ William C. Edwards ______________________________ William C. Edwards, General Partner By: /s/ Alan R. Brudos ______________________________ Alan R. Brudos, General Partner /s/ William C. Edwards ______________________________ William C. Edwards /s/ Alan R. Brudos ______________________________ Alan R. Brudos CSR\4325\002\1062045.01 -----END PRIVACY-ENHANCED MESSAGE-----