0000914248-01-500026.txt : 20011009
0000914248-01-500026.hdr.sgml : 20011009
ACCESSION NUMBER: 0000914248-01-500026
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011003
GROUP MEMBERS: AUSTIN W. MARXE
GROUP MEMBERS: AWM INVESTMENT COMPANY, INC.
GROUP MEMBERS: DAVID M. GREENHOUSE
GROUP MEMBERS: MG ADVISERS LLC
GROUP MEMBERS: MGP ADVISERS LIMITED PARTNERSHIP
GROUP MEMBERS: SPECIAL SITUATIONS CAYMAN FUND, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS FUND III, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS PRIVATE EQUITY FUND, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS TECHNOLOGY FUND, L.P.
GROUP MEMBERS: SST ADVISERS LLC
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ACT TELECONFERENCING INC
CENTRAL INDEX KEY: 0000918709
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899]
IRS NUMBER: 841132665
STATE OF INCORPORATION: CO
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-54823
FILM NUMBER: 1751215
BUSINESS ADDRESS:
STREET 1: 1658 COLE BLVD
STREET 2: STE 130
CITY: GOLDEN
STATE: CO
ZIP: 80401
BUSINESS PHONE: 3032359000
MAIL ADDRESS:
STREET 1: 1658 COLE BLVD
STREET 2: STE 130
CITY: GOLDEN
STATE: CO
ZIP: 80401
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SPECIAL SITUATIONS FUND III L P
CENTRAL INDEX KEY: 0000914248
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 133737427
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 153 E 53 ST 51ST FL
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 2128325300
MAIL ADDRESS:
STREET 1: 153 EAST 53RD STREET 51ST FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
SC 13G
1
acttt13gt.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
ACT Teleconferencing, Inc.
______________________________________________________
(Name of Issuer)
Common Stock
______________________________________________________
(Title of Class of Securities)
000955104
____________________________________
(CUSIP Number)
September 28, 2001
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
-x-- Rule 13d-1(b)
---- 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 the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 000955104 13G Page 2 of 14
----------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Special Situations Fund III, L.P. ("The Fund") F13-3737427
MGP Advisers Limited Partnership* ("MGP") F13-3263120
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER See Marxe/Greenhouse
SHARES ------------------------------------------------
-BENEFICIALLY (6) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
501,923
----------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (See Instructions)
----------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1
----------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IV/IA
----------------------------------------------------------------
* AWM Investment Company, Inc., a Delaware corporation is the
General Partner of this entity.
CUSIP No. 000955104 13G Page 3 of 14
----------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Special Situations Private Equity Fund, L.P. F13-3916551
("SSPE")
MG Advisers L.L.C. ("MG") F13-3916549
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER See Marxe/Greenhouse
SHARES ------------------------------------------------
-BENEFICIALLY (6) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
378,900 (includes 150,000 warrants)
----------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (See Instructions)
----------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.9
----------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IV/IA
----------------------------------------------------------------
CUSIP No. 000955104 13G Page 4 of 14
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Special Situations Cayman Fund, L.P. ("CAY") 98-0132442
AWM Investment Company, Inc. ("AWM") 11-3086452
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, Delaware
----------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER See Marxe/Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
167,308
----------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (See Instructions)
----------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.7
----------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IV/IA
----------------------------------------------------------------
CUSIP No. 000955104 13G Page 5 of 14
----------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Special Situations Technology Fund, L.P. ("SST")
F13-3937585
SST Advisers LLC ("SSTA") F13-3937583
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER See Marxe/Greenhouse
SHARES ------------------------------------------------
-BENEFICIALLY (6) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
72,500 (includes 50,000 warrants)
----------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (See Instructions)
----------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2
----------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IV/IA
----------------------------------------------------------------
CUSIP No. 000955104 13G Page 6 of 14 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
Austin W. Marxe
David M. Greenhouse
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
----------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER 1,120,631
SHARES -------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER 1,120,631
REPORTING -------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
1,120,631 (includes 200,000 warrants)
----------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (See Instructions)
----------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.5
----------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------
Page 7 of 14 Pages
Item 1.
(a) Name of Issuer: ACT Teleconferencing, Inc.
(b) Address of Issuer's Principal Executive Offices:
1658 Cole Blvd., Suite 130, Golden, CO 80401
Item 2.
(a) Name of Person Filing: This statement is filed on behalf of
(i) Special Situations Fund III, L.P., a Delaware limited
partnership ("SSF III"); (ii) Special Situations Private Equity
Fund, L.P., a Delaware limited partnership ("SSPE") (iii) Special
Situations Cayman Fund, L.P., a Cayman Islands limited
partnership (the "Cayman Fund"); (iv) Special Situations
Technology Fund, L.P., a Delaware limited partnership ("SST");
(v) MGP Advisers Limited Partnership, a Delaware limited
partnership, ("MGP"); (vi) MG Advisers L.L.C., a New York limited
liability company ("MG"); (vii) AWM Investment Company, Inc., a
Delaware corporation ("AWM"); (viii SST Advisers L.L.C., a
Delaware limited liability company ("SSTA"); (ix)) Austin W.
Marxe and (x) David Greenhouse. Each of the foregoing is
hereinafter individually referred to as a "Reporting Person" and
collectively as the "Reporting Persons."
(b) Address of Principal Business Office or, if none, Residence:
The principal office and business address of the Reporting
Persons, other than the Cayman Fund, is 153 East 53 Street, New
York, New York 10022. The principal office and business address
of the Cayman Fund is c/o CIBC Bank and Trust Company (Cayman)
Limited, CIBC Bank Building, P.O. Box 694, Grand Cayman, Cayman
Page 8 of 14 Pages
Islands, British West Indies.
(c) Citizenship: SSF III, SSPE, SST, and MGP are Delaware
limited partnerships. MG is a New York limited liability
company. AWM is a Delaware corporation and SSTA is a Delaware
limited liability company. The Cayman Fund was formed under the
laws of the Cayman Island. Austin W. Marxe and David M.
Greenhouse are United States citizens. The principal business of
SSF III, SSPE, SST and the Cayman Fund (individually, a "Fund"
and, collectively, the "Funds") is to invest in, sell, convey,
transfer, exchange and otherwise trade in principally equity and
equity related securities. The principal business of MGP is to
act as general partner of and investment adviser to SSF III.
The principal business of MG is to act as the general partner of
and the investment adviser to SSPE. The principal business of
SSTA is to act as general partner of and investment adviser to
SST. The principal business of AWM is to act as general partner
of MGP and general partner of and investment adviser to the
Cayman Fund. MGP, MG, SSTA and AWM are referred to herein,
individually, as an "Adviser" and, collectively, as the
"Advisers." The principal occupation of Austin W. Marxe and
David Greenhouse is to serve as officers, directors and members
or principal shareholders of the Advisers.
2(d) Title of Class of Securities: See cover sheets.
(e) CUSIP Number: See cover sheets.
Item 3. If this statement is filed pursuant to $240.13d-1(b) or
240.13d-2(b), check whether the person filing is a:
Page 9 of 14 Pages
(a) ( ) Broker or Dealer registered under section 15 of the
Act;
(b) ( ) Bank as defined in section 3(a) (6) of the Act;
(c) ( ) Insurance Company as defined in section 3(a) (19) of
the Act;
(d) (x) Investment Company registered under section 8 of the
Investment Company Act of 1940;
(e) (x) An Investment Adviser in accordance with $240.13d
-1(b)(I)(ii)(E);
(f) ( ) An employee benefit plan or endowment fund in
accordance with $240.13d-1(b)(I)(ii)(F);
(g) (x) A parent holding company or control person in
accordance with $240.13d-1(b)(1)(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 of 1940;
(j) ( ) Group, in accordance with $240.13d-1(b)(1)(ii)(J).
See Exhibit A attached hereto.
Item 4. Ownership:
(a) Amount Beneficially Owned: 1,120,631 shares of common stock
are beneficially owned by Austin Marxe and David Greenhouse;
of which 501,923 common shares are owned by SSF III, 228,900
common shares and 150,000 warrants are owned by SSPE, 167,308
common shares are owned by CAY and 22,500 common shares and
Page 10 of 14 Pages
50,000 warrants are owned by SST.
(b) Percent of Class: 17.5 percent of the common stock are
owned by Austin Marxe and David Greenhouse, 8.1 percent are owned
by SSF III, 5.9 are owned by SSPE, 2.7 percent are owned by CAY
and 1.2 percent are owned by SST.
(c) Number of Shares as to which the person has Rights to Vote
and/or Dispose of Securities: SSF III, SSPE, CAY, SST, MGP, MG,
AWM and SSTA have sole power to vote or to direct the vote and to
dispose or to direct the disposition of all securities reported
hereby which are respectively beneficially owned by each Fund and
its Adviser. Austin Marxe and David Greenhouse have shared power
to vote or to direct the vote of and to dispose or to direct the
disposition of securities reported hereby which are beneficially
owned by Austin Marxe and David Greenhouse by virtue of being
Executive Officers of the Investment Advisers.
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 that five percent of the class of
securities, check the following .
Item 6.Ownership of More than Five Percent on Behalf of Another
Person: SSF III, SSPE, CAY and SST, as owners of the securities
in question, have the right to receive any dividends from, or
proceeds from the sale of, such securities.
Page 11 of 14 Pages
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security being Reported on By the Parent Holding
Company: See Exhibit A attached hereto.
Item 8. Identification and Classification of Members of the
Group: Not applicable
Item 9. Notices 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
acquired and are held in the ordinary course of business and
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 12 of 14 Pages
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: October 1, 2001
SPECIAL SITUATIONS FUND III, L.P.
By:/s/ Austin W. Marxe
Austin W. Marxe
Managing Director
MGP ADVISERS LIMITED PARTERSHIP
By:/s/ Austin W. Marxe
Austin W. Marxe
President and Chief Executive Officer
SPECIAL SITUATIONS PRIVATE EQUITY FUND, L.P.
By:/s/ Austin W. Marxe
Austin W. Marxe
President and Chief Executive Officer
MG ADVISERS, L.L.C.
By:/s/ Austin W. Marxe
Austin W. Marxe
President and Chief Executive Officer
Page 13 of 14 Pages
SPECIAL SITUATIONS CAYMAN FUND, L.P.
By: /s/ Austin W. Marxe
Austin W. Marxe
Managing Director
AWM INVESTMENT COMPANY, INC.
By: /s/ Austin W. Marxe
Austin W. Marxe
President and CEO
SPECIAL SITUATIONS TECHNOLOGY FUND, L.P.
By:/s/ Austin W. Marxe
Austin W. Marxe
President and Chief Executive Officer
SST ADVISERS, L.L.C.
By:/s/ Austin W. Marxe
Austin W. Marxe
President and Chief Executive Officer
/s/ Austin W. Marxe
AUSTIN W. MARXE
/s/David M Greenhouse
DAVID M. GREENHOUSE
Page 14 of 14 Pages
EXHIBIT A
This Exhibit explains the relationship between the Reporting
Persons. MGP Advisers Limited Partnership (MGP), a Delaware
limited partnership, is the general partner of the Special
Situations Fund III, L.P., a Delaware Limited Partnership. AWM
Investment Company, Inc., a Delaware corporation, is the general
partner of MGP and the general partner of and investment adviser
to the Cayman Fund. MG Advisers, L.L.C. is the general partner of
and investment adviser to the Special Situations Private Equity
Fund, L.P.. SST Adviser, L.L.C. is the general partner of and
investment adviser to Special Situations Technology Fund, L.P..
Austin W. Marxe and David M. Greenhouse are the principal owners
of MGP, MG, AWM and SSTA and are principally responsible for the
selection, acquisition and disposition of the portfolios
securities by the investment advisers on behalf of their Fund.