UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Superconductor Technologies Inc.
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(Name of Issuer)
Common Stock, $.001 par value per share
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(Title of Class of Securities)
867931107
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(CUSIP Number)
Gerald F. Stahlecker
c/o Rose Glen Capital Management, L.P.
3 Bala Plaza East, Suite 501
251 St. Asaphs Road
Bala Cynwyd, PA 19004
December 31, 2002
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(Date of Event Which Requires Filing of this 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)
CUSIP No. 867931107 13G Page 2 of 8
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON (ENTITIES ONLY)
RGC International Investors, LDC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 1,746,628
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7 SOLE DISPOSITIVE POWER
0
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8 SHARED DISPOSITIVE POWER
1,746,628
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,746,628
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.87%
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12 TYPE OF REPORTING PERSON
OO
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CUSIP No. 867931107 13G Page 3 of 8
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON (ENTITIES ONLY)
Rose Glen Capital Management, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 1,746,628
--------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,746,628
-------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,746,628
-------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
-------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.87%
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12 TYPE OF REPORTING PERSON
PN
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CUSIP No. 867931107 13G Page 4 of 8
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON (ENTITIES ONLY)
RGC General Partner Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 1,746,628
--------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,746,628
-------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,746,628
-------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
-------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.87%
-------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 867931107 13G Page 5 of 8
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ITEM 1. (a) NAME OF ISSUER:
Superconductor Technologies Inc. ("Issuer")
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
460 Ward Drive, Santa Barbara, California 93111-2310
ITEM 2. (a) NAMES OF PERSONS FILING:
See Item 2(c) below.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
See Item 2(c) below.
(c) CITIZENSHIP:
RGC International Investors, LDC ("RGC")
c/o SEI Fund Resources International, Ltd.
Styne House, Upper Hatch Street
Dublin 2 Ireland
Cayman Islands limited duration company
Rose Glen Capital Management, L.P. ("Rose Glen")
3 Bala Plaza East, Suite 501
251 St. Asaphs Road
Bala Cynwyd, Pennsylvania 19004
Delaware limited partnership
RGC General Partner Corp. ("Partner")
3 Bala Plaza East, Suite 501
251 St. Asaphs Road
Bala Cynwyd, Pennsylvania 19004
Delaware corporation
RGC is a private investment fund. Rose Glen is the investment
manager of RGC, and Partner is the general partner of Rose
Glen.
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share (the "Common Stock").
(e) CUSIP NUMBER:
867931107
CUSIP No. 867931107 13G Page 6 of 8
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13D-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable.
If this statement is filed pursuant to Rule 13d-1(c), check this box.
|X|
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
1,746,628 shares of Common Stock(1)
(b) Percent of Class:
Approximately 2.87% as of the date of filing of this statement,
based on 59,823,553 shares of Common Stock issued and
outstanding as of December 17, 2002 as reported in the Issuer's
Registration Statement on Form S-3 filed on December 24, 2002. (1)
(c) Number of shares as to which such persons have:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,746,628
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,746,628
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(1) The beneficial ownership reported herein consists of (i) 653,360 shares
of issued and outstanding Common Stock and (ii) 1,093,268 shares of
Common Stock that are currently issuable within 60 days of December 31,
2002 upon the exercise of two warrants to purchase shares of Common
Stock, one of which entitles it to purchase up to 327,980 shares of
Common Stock and the other of which entitles the holder to purchase
765,288 shares of Common Stock. Both warrants expire on September 29,
2005. Pursuant to the terms of the warrants, the warrants are only
exercisable to the extent that the number of shares of Common Stock
issuable upon exercise of the warrants, together with any other shares
of Common Stock beneficially owned by the Reporting Persons or any of
their affiliates (excluding for this purpose shares of Common Stock
which may be deemed beneficially owned through the ownership of
unconverted or unexercised securities subject to a limitation on
conversion or exercise analogous to the limitation in the warrants),
would not result in the beneficial ownership of a Reporting Person or
any of their affiliates exceeding 4.9% of the Common Stock then issued
and outstanding.
CUSIP No. 867931107 13G Page 7 of 8
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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 than five percent of the class of securities, check the
following [X].
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 OR CONTROL
PERSON
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
ITEM 10. CERTIFICATIONS
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.
CUSIP No. 867931107 13G Page 8 of 8
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SIGNATURES
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.
RGC International Investors, LDC
By: Rose Glen Capital Management, L.P.
By: RGC General Partner Corp.
Dated: January 16, 2003 By: /s/ Gerald F. Stahlecker
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Gerald F. Stahlecker
Managing Director
Rose Glen Capital Management, L.P.
By: RGC General Partner Corp.
Dated: January 16, 2003 By: /s/ Gerald F. Stahlecker
--------------------------
Gerald F. Stahlecker
Managing Director
RGC General Partner Corp.
Dated: January 16, 2003 By: /s/ Gerald F. Stahlecker
--------------------------
Gerald F. Stahlecker
Managing Director
CUSIP No. 867931107 13G
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EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act
of 1934, as amended, the undersigned hereby agree to the joint filing with all
other Reporting Persons (as such term is used in the Schedule 13G/A referred to
below) on behalf of each of them of a statement on Schedule 13G/A (including
amendments thereto) with respect to the Common Stock, par value $0.001 per
share, of Superconductor Technologies Inc., and that this Agreement be included
as an exhibit to such joint filing. This Agreement may be executed in any number
of counterparts all of which taken together shall constitute one and the same
instrument.
IN WITNESS WHEREOF, the undersigned hereby executes this Agreement
this 16th day of January, 2003.
RGC International Investors, LDC
By: Rose Glen Capital Management, L.P.
By: RGC General Partner Corp.
Dated: January 16, 2003 By: /s/ Gerald F. Stahlecker
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Gerald F. Stahlecker
Managing Director
Rose Glen Capital Management, L.P.
By: RGC General Partner Corp.
Dated: January 16, 2003 By: /s/ Gerald F. Stahlecker
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Gerald F. Stahlecker
Managing Director
RGC General Partner Corp.
Dated: January 16, 2003 By: /s/ Gerald F. Stahlecker
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Gerald F. Stahlecker
Managing Director