-----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, HATfISDTbcDJxIpTKAdVqvKQNghPanyyH+ye9dvax9jtFwCB3CcR8CzJCSC4mlpG H1wkpjo1UrpHZ3xOPSDCmw== 0001044321-04-000039.txt : 20040213 0001044321-04-000039.hdr.sgml : 20040213 20040213165932 ACCESSION NUMBER: 0001044321-04-000039 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040213 GROUP MEMBERS: AUSTIN W. MARXE GROUP MEMBERS: AWM INVESTMENT COMPANY, INC. GROUP MEMBERS: DAVID M. GREENHOUSE GROUP MEMBERS: MG ADVISERS, L.L.C. 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 II, L.P. GROUP MEMBERS: SPECIAL SITUATIONS TECHNOLOGY FUND, L.P. GROUP MEMBERS: SST ADVISERS, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARTISOFT INC CENTRAL INDEX KEY: 0000877931 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 860446453 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41833 FILM NUMBER: 04600088 BUSINESS ADDRESS: STREET 1: 5 CAMBRIDGE CENTER STREET 2: 3RD FLOOR CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6173540600 MAIL ADDRESS: STREET 1: 5 CAMBRIDGE CENTER STREET 2: 3RD FLOOR CITY: CAMBRIDGE STATE: MA ZIP: 02142 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SPECIAL SITUATIONS FUND III L P CENTRAL INDEX KEY: 0000914248 IRS NUMBER: 133737427 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A 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 13D/A 1 artisoft13dt.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4 ) Artisoft Inc. (Name of Issuer) Common Stock, $ .01 Par Value (Title of Class of Securities) 009370107 (CUSIP Number) with a copy to: Austin W. Marxe Allen B. Levithan, Esq. 153 East 53rd Street Lowenstein Sandler PC New York, New York 10022 65 Livingston Avenue Roseland, New Jersey 07068 (973) 597-2424 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2003 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule l3G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of section 240.13d-1(e), 240.13d-1(f) or 240.13d-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 section 240.13d-7 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). Cusip No. 003970107 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only): Austin W. Marxe and David M. Greenhouse 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ] Not Applicable (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions): 00 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): Not Applicable 6. Citizenship or Place of Organization: United States Number of 7. Sole Voting Power: * Shares Beneficially 8. Shared Voting Power: 4,464,850* Owned by Each Reporting 9. Sole Dispositive Power: * Person With 10. Shared Dispositive Power: 4,464,850* 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 4,464,850* 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable 13. Percent of Class Represented by Amount in Row (11): 67.1% * 14. Type of Reporting Person (See Instructions): IA, IN * This is a joint filing by Austin W. Marxe (?Marxe?) and David M. Greenhouse (?Greenhouse?). Marxe and Greenhouse share sole voting and investment power over 261,515 shares of Common Stock, 380,000 shares of Preferred Stock convertible into 464,444 shares of common stock and 394,952 warrants to purchase 78,283 shares of Common stock owned by Special Situations Cayman Fund, L.P., 844,747 shares of Common Stock, 1,140,000 shares of Preferred Stock convertible into 1,393,333 shares of common stock and 1,184,842 Warrants to purchase 234,842 shares of common stock owned by Special Situations Fund III, L.P., 239,131 shares of Common Stock, 380,000 share of Preferred Stock convertible into 464,444 shares of common stock and 394,952 Warrants to purchase 78,283 shares of common stock owned by Special Situations Private Equity Fund, L.P., 19,670 shares of Common Stock, 32,730 shares of Preferred Stock convertible into 40,003 shares of common stock and 34,018 Warrants to purchase 6,743 shares of common stock owned by Special Situations Technology Fund, L.P. 100,517 shares of common stock, 162,270 preferred stock convertible into 204,441 shares of common stock and 173,846 warrants to purchase 34,453 shares of common stock owned by Special Situation Technology Fund II, L.P.. See Items 2 and 5 of this Schedule 13D for additional information. Item 1. Security and Issuer. This schedule relates to the common stock, preferred stock and warrants of Artisoft, Inc. (the ?Issuer?). The Issuer?s principal executive officers are located at 5 Cambridge Center, Cambridge, MA 02142 Item 2. Identity and Background. The persons filing this report are Austin W. Marxe (?Marxe?) and David M. Greenhouse (?Greenhouse?), who are the controlling principals of AWM Investment Company, Inc. (?AWM?), the general partner of and investment adviser to Special Situations Cayman Fund, L.P. (?Cayman?). AWM also serves as the general partner of MGP Advisers Limited Partnership (?MGP?), the general partner of and investment adviser to Special Situations Fund III, L.P. (?SSF3?). Marxe and Greenhouse are also members of MG Advisers L.L.C. (?MG?), the general partner of and investment adviser to Special Situations Private Equity Fund, L.P. (?SSPE?), and members of SST Advisers, L.L.C. (?SSTA?), the general partner of and investment adviser to Special Situations Technology Fund, L.P. (?Technology?) and Special Situations Technology Fund II, L.P. (?Tech2?). (SSF3, Cayman, SSPE, Technology and Tech2 will hereafter be referred to as, the ?Funds?). The principal office and business address of the Reporting Persons, is 153 East 53rd Street, 55th Floor, New York NY 10022. The principal business of each Fund is to invest in equity and equity- related securities and other securities of any kind or nature. Mr. Marxe and Mr. Greenhouse have never been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors), nor have either of them been a party to any civil proceeding commenced before a judicial or administrative body of competent jurisdiction as a result of which he was or is now 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. Mr. Marxe and Mr. Greenhouse are citizens of the United States. Item 3. Source and Amount of Funds or Other Consideration. Each Fund utilized its own available net assets to purchase the securities referred to in this Schedule. Item 4. Purpose of Transaction. The securities referred to in this Schedule have been acquired by each of the Funds for investment purposes and not with the purpose or effect of changing or influencing control of the Issuer. Each Fund acquired the securities in the ordinary course of business and is holding the securities for the benefit of its investors. Item 5. Interest in Securities of the Issuer. Cayman owns 261,515 shares of Common Stock, 380,000 shares of Preferred Stock convertible into 464,444 shares of common stock and 394,952 warrants to purchase 78,283 shares of common stock, or 19.2% of the shares outstanding, SSF3 owns 844,747 shares of Common Stock, 1,140,000 shares of Preferred Stock convertible into 1,393,333 shares of common stock and 1,184,842 Warrants to purchase 234,842 shares of common stock, or 46.8% of the shares outstanding, SSPE owns 239,131 shares of Common Stock, 380,000 share of Preferred Stock convertible into 464,444 shares of common stock and 394,952 Warrants to purchase 78,283 shares of common stock, or 18.6% of the outstanding shares. Technology owns 19,670 shares of Common Stock, 32,730 shares of Preferred Stock convertible into 40,003 shares of common stock and 34,018 Warrants to purchase 6,743 shares of common stock, or 1.8% of the shares outstanding and Tech2 owns 100,517 shares of common stock, 162,270 preferred shares convertible for 204,441 shares of common stock and 173,846 warrants to purchase 34,453 common shares. Messrs. Marxe and Greenhouse share the power to vote and direct the disposition of all shares of Common Stock owned by each of the Funds. Messrs. Marxe and Greenhouse are deemed to beneficially own a total of 1,465,580 shares of Common Stock, 2,100,000 shares of Preferred Stock convertible into 2,566,666 shares of common stock and 2,182,610 Warrants to purchase 432,604 common shares or 67.1% of the outstanding shares. Pursuant to the Agreement Dated December 16, 2003 and in connection with the Registration Rights Agreement dated September 27, 2002, the Funds received the following: SSF3 - 44,842 shares of Common Stock and 44,842 Warrants to purchase 44,842 shares of Common Stock Cayman ? 14,952 shares of Common Stock and 14,952 Warrants to purchase 14,952 shares of Common Stock SSPE ? 14,952 shares of Common Stock and 14,952 Warrants to purchase 14,952 shares of Common Stock Technology ? 1,288 shares of Common Stock and 1,288 Warrants to purchase 1,288 shares of Common Stock Tech2 ? 6,576 shares of Common Stock and 6,576 Warrants to purchase 6,576 shares of Common Stock. In November, SSF3 acquired 1,000 shares of common stock at an average price of $3.10. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. No contracts, arrangements, understandings or similar relationships exist with respect to the securities of the Company between Messrs. Marxe and Greenhouse and any other individual or entity. Item 7. Material to be Filed as Exhibits. Joint Filing Agreement. 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. February 13, 2004 /s/_Austin W. Marxe Austin W. Marxe /s/_David M. Greenhouse David M. Greenhouse Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). JOINT FILING AGREEMENT Austin W. Marxe and David M. Greenhouse hereby agree that the Schedule 13D to which this agreement is attached is filed on behalf of each of them. /s/_Austin W. Marxe Austin W. Marxe /s/_David M. Greenhouse David M. Greenhouse - -5- S5313/1 02/13/04 1278889.03 - -2- S5313/1 1278889.03 -----END PRIVACY-ENHANCED MESSAGE-----