SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Under the Securities Exchange Act of 1934
SCHEDULE 13G/A
(Amendment No. 1)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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BITSTREAM INC. |
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(Name of Issuer) |
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Common Stock, $0.01 par value per share |
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(Title of Class of Securities) |
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91736108 |
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(CUSIP Number) |
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December 31, 2006 |
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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:
o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)
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(1) |
NAME OF REPORTING PERSON NV North American Opportunity Fund S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON | |||||
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(2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | |||||
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(3) |
SEC USE ONLY | |||||
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(4) |
CITIZENSHIP OR PLACE OF ORGANIZATION | |||||
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NUMBER OF |
(5) |
SOLE VOTING POWER | ||||
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(6) |
SHARED VOTING POWER | |||||
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(7) |
SOLE DISPOSITIVE POWER | |||||
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(8) |
SHARED DISPOSITIVE POWER | ||||
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(9) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||||
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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) | |||||
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(12) |
TYPE OF REPORTING PERSON | |||||
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(1) |
NAME OF REPORTING PERSON Millennium Group LLC S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON | |||||
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(2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | |||||
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(3) |
SEC USE ONLY | |||||
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(4) |
CITIZENSHIP OR PLACE OF ORGANIZATION | |||||
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NUMBER OF |
(5) |
SOLE VOTING POWER | ||||
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(6) |
SHARED VOTING POWER | |||||
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(7) |
SOLE DISPOSITIVE POWER | |||||
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(8) |
SHARED DISPOSITIVE POWER | ||||
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(9) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||||
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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) | |||||
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(12) |
TYPE OF REPORTING PERSON | |||||
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(1) |
NAME OF REPORTING PERSON Highland Park Partners S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON | |||||
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(2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | |||||
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(3) |
SEC USE ONLY | |||||
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(4) |
CITIZENSHIP OR PLACE OF ORGANIZATION | |||||
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NUMBER OF |
(5) |
SOLE VOTING POWER | ||||
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(6) |
SHARED VOTING POWER | |||||
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(7) |
SOLE DISPOSITIVE POWER | |||||
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(8) |
SHARED DISPOSITIVE POWER | ||||
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(9) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||||
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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) | |||||
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(12) |
TYPE OF REPORTING PERSON | |||||
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(1) |
NAME OF REPORTING PERSON Trent Stedman S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON | |||||
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(2) |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | |||||
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(3) |
SEC USE ONLY | |||||
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(4) |
CITIZENSHIP OR PLACE OF ORGANIZATION | |||||
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NUMBER OF |
(5) |
SOLE VOTING POWER | ||||
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(6) |
SHARED VOTING POWER | |||||
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(7) |
SOLE DISPOSITIVE POWER | |||||
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(8) |
SHARED DISPOSITIVE POWER | ||||
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(9) |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||||
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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) | |||||
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(12) |
TYPE OF REPORTING PERSON | |||||
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| Item 1(a). |
Name of Issuer: | |
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Bitstream Inc. | |
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| Item 1(b). |
Address of Issuer's Principal Executive Offices: | |
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315 First Street, Cambridge MA 02142 | |
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| Item 2(a). |
Name of Persons Filing: | |
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(i) NV North American Opportunity Fund | |
| (ii) Millennium Group LLC | ||
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(iii) Highland Park Partners | |
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(iv) Trent Stedman | |
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(collectively, the "Reporting Persons" and each a "Reporting Person") | |
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| Item 2(b). |
Address of Principal Business Office or, if None, Residence: | |
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799 Central Ave, Suite 350, Highland, IL 60035 | |
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| Item 2(c). |
Citizenship: | |
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(i) NV North American Opportunity Fund, Cayman Islands |
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| (ii) Millennium Group LLC, Illinois | ||
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(iii) Highland Park Partners, Illinois |
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(iv) Trent Stedman, USA |
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| Item 2(d). |
Title of Class of Securities: | |
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Common Stock, $0.01 par value per share | |
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| Item 2(e). |
CUSIP Number: | |
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91736108 | |
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| Item 3. |
If this statement is filed pursuant to ss.ss. 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: | |
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(a) o |
Broker or Dealer Registered under Section 15 of the Act (15 U.S.C. 78o) |
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(b) o |
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c) |
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(c) o |
Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c) |
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(d) o |
Investment Company registered under Section 8 of the Investment Company Act of 1940 |
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(e) o |
Investment Adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E) |
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(f) o |
Employee benefit plan or endowment fund in accordance with ss. 240.13d-1(b)(1)(ii)(F) |
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(g) o |
Parent Holding Company or control person in accordance with ss. 240.13d-1(b)(ii)(G), |
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(h) o |
Savings Association as defined in ss. 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) |
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(i) o |
Church plan that is excluded from the definition of an investment company under ss. 3(c)(15) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) |
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(j) o |
Group, in accordance with ss. 240.13d-1(b)(ii)(J) |
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Item 4. |
Ownership. | |
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(i) |
NV North American Opportunity Fund(1) | |
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(a) Amount beneficially owned: 512,150 | |
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(b) Percent of class: 5.5%(2) | |
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(c) Number of shares as to which such person has: | |
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(i) Sole power to vote or to direct the vote: 512,150 |
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(ii) Shared power to vote or to direct the vote: 0 |
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(iii) Sole power to dispose or to direct the disposition of: 512,150 |
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(iv) Shared power to dispose or to direct the disposition of: 0 |
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__________________ |
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| (1) |
The investment manager of NV North American
Opportunity Fund is Millennium Group LLC. Trent Stedman is a
member of Millennium Group LLC. | |
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(2) |
Percentages are based
on 9,264,503 shares of Common Stock outstanding as of November 9,
2006 (as set forth on the Issuer's Form 10-Q, filed on November 14,
2006 with the Securities and Exchange Commission). |
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(ii) |
Millennium Group LLC(3) | ||
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(a) Amount beneficially owned: 512,150 | ||
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(b) Percent of class: 5.5%(4) | ||
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(c) Number of shares as to which such person has: | ||
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(i) Sole power to vote or to direct the vote: 512,150 |
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(ii) Shared power to vote or to direct the vote: 0 |
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(iii) Sole power to dispose or to direct the disposition of: 512,150 |
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(iv) Shared power to dispose or to direct the disposition of: 0 |
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__________________ |
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| (3) |
Millennium Group LLC is the investment manager to NV
North American Opportunity Fund. Trent Stedman is a member of
Millennium Group LLC. | |
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(4) |
Percentages are based
on 9,264,503 shares of Common Stock outstanding as of November 9,
2006 (as set forth on the Issuer's Form 10-Q, filed on November 14,
2006 with the Securities and Exchange Commission). |
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(iii) |
Highland Park Partners(5) | |
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(a) Amount beneficially owned: 221,900 | |
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(b) Percent of class: 2.4%(6) | |
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(c) Number of shares as to which such person has: | |
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(i) Sole power to vote or to direct the vote: 221,900 |
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(ii) Shared power to vote or to direct the vote: 0 |
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(iii) Sole power to dispose or to direct the disposition of: 221,900 |
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(iv) Shared power to dispose or to direct the disposition of: 0 |
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__________________ |
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| (5) |
As of February 14, 2007, Trent Stedman was a
partner of Highland Park
Partners. | |
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(6) |
Percentages are based
on 9,264,503 shares of Common Stock outstanding as of November 9,
2006 (as set forth on the Issuer's Form 10-Q, filed on November 14,
2006 with the Securities and Exchange Commission). |
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(iv) |
Trent Stedman(7) | |
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(a) Amount beneficially owned: 736,250 | |
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(b) Percent of class: 7.9%(8) | |
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(c) Number of shares as to which such person has: | |
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(i) Sole power to vote or to direct the vote: 736,250(9) |
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(ii) Shared power to vote or to direct the vote: 0 |
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(iii) Sole power to dispose or to direct the disposition of: 736,250 |
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(iv) Shared power to dispose or to direct the disposition of: 0 |
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__________________ |
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| (7) |
Trent Stedman is a member of Millennium Group LLC,
and as of February 14, 2007, a partner of Highland Park Partners. | |
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(8) |
Percentages are based on
9,264,503
shares of Common Stock outstanding as of
November 9, 2006 (as set forth on the Issuer's Form 10-Q, filed on
November 14, 2006 with the Securities and Exchange Commission). |
| (9) |
Includes 2,200 shares of Common Stock owned by Mr.
Stedman as of February 14, 2007, which were held in a personal trading account. | |
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Item 5. |
Ownership of Five Percent or Less of a Class. | |
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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 o. | |
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person. | |
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Not applicable. | |
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. | |
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Not applicable. | |
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Item 8. |
Identification and Classification of Members of the Group. | |
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Not applicable. |
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Item 9. |
Notice of Dissolution of a Group. | |
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Not applicable. |
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Item 10. |
Certification. | |
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| 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 such purpose or effect. | ||
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information in this statement is true, complete and correct.
Dated as of February 14, 2008
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NV North American Opportunity Fund |
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By: /s/ Trent Stedman |
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Trent Stedman, Member |
Dated as of February 14, 2008
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Millennium Group LLC |
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By: /s/ Trent Stedman |
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Trent Stedman, Member |
Dated as of February 14, 2008
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Highland Park Partners |
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By: /s/ Trent Stedman |
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Trent Stedman, Partner |
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Dated as of February 14, 2008
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By: /s/ Trent Stedman | |
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Trent Stedman |
Exhibit A
Agreement of Joint Filing
Pursuant to 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby confirm the agreement by and among them to join in the filing on behalf of each of them of a Statement on Schedule 13G/A and any and all amendments thereto, and that this Agreement be included as an Exhibit to such filing.
This Agreement may be executed in any number of counterparts each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement.
IN WITNESS WHEREOF, the undersigned have executed this Agreement.
Dated as of February 14, 2008
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NV North American Opportunity Fund |
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By: /s/ Trent Stedman |
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Trent Stedman, Member |
Dated as of February 14, 2008
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Millennium Group LLC |
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By: /s/ Trent Stedman |
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Trent Stedman, Member |
Dated as of February 14, 2008
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Highland Park Partners |
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By: /s/ Trent Stedman |
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Trent Stedman, Partner |
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Dated as of February 14, 2008
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By: /s/ Trent Stedman | |
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Trent Stedman |