SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G/A*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 3)
LANTRONIX, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
516548104
(CUSIP Number)
December 31, 2005
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G/A is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Page 1 of 11 Pages)
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*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 purposes 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. 516548104 13G/A Page 2 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Empire Capital Partners, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
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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 (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,200,233
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,200,233
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,200,233
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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)
5.4%
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(12) TYPE OF REPORTING PERSON **
PN
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CUSIP No. 516548104 13G/A Page 3 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Empire GP, L.L.C.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
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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 (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,200,233
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,200,233
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,200,233
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.4%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
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CUSIP No. 516548104 13G/A Page 4 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Empire Capital Management L.L.C.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
4,583,567
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
4,583,567
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
4,583,567
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
7.8%
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(12) TYPE OF REPORTING PERSON **
OO
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CUSIP No. 516548104 13G/A Page 5 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Scott A. Fine
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,783,800
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,783,800
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,783,800
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
13.2%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
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CUSIP No. 516548104 13G/A Page 6 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Peter J. Richards
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,783,800
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,783,800
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,783,800
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
13.2%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
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CUSIP No. 516548104 13G/A Page 7 of 11 Pages
Item 1(a). Name of Issuer:
The name of the issuer is LANTRONIX, INC. (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 15353 Barranca
Parkway Irvine, CA 92618
Item 2(a). Name of Person Filing:
This statement is filed by:
(i) Empire Capital Partners, L.P., a Delaware limited partnership
("Empire Capital"), with respect to the shares of Common Stock
(as defined below) directly owned by it;
(ii) Empire GP, L.L.C., a Delaware limited liability company ("Empire
GP"), with respect to the shares of Common Stock directly owned
by Empire Capital;
(iii) Empire Capital Management, L.L.C., a Delaware limited liability
company (the "Investment Manager") with respect to shares of
Common Stock directly owned by Empire Capital Partners, Ltd.,
Empire Capital Partners II, Ltd. (the "Empire Overseas Funds"),
Charter Oak Partners, L.P. and Charter Oak Partners II, L.P. (the
"Charter Oak Funds")
(iv) Mr. Scott A. Fine ("Mr. Fine") with respect to the shares of
Common Stock directly owned by Empire Capital, the Empire
Overseas Funds and the Charter Oak Funds; and
(v) Mr. Peter J. Richards ("Mr. Richards") with respect to the shares
of Common Stock directly owned by Empire Capital, The Empire
Overseas Funds and the Charter Oak Funds.
The foregoing persons are hereinafter sometimes collectively
referred to as the "Reporting Persons." Any disclosures herein with
respect to persons other than the Reporting Persons are made on
information and belief after making inquiry to the appropriate party.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business and principal office of Empire
Capital, the Investment Manager and Empire GP is 1 Gorham Island, Westport,
CT 06880. The business address of Messrs. Fine and Richards is 1 Gorham
Island, Westport, CT 06880.
Item 2(c). Citizenship:
Empire Capital is a limited partnership organized under the laws of the
State of Delaware. Empire GP is a limited liability company organized under
the laws of the State of Delaware. The Investment Manager is a limited
liability company organized under the laws of the State of Delaware.
Messrs. Fine and Richards are each a United States citizen.
Item 2(d). Title of Class of Securities:
Common Stock, $0.0001 par value (the "Common Stock")
CUSIP No. 516548104 13G/A Page 8 of 11 Pages
Item 2(e). CUSIP Number:
516548104
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:
(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) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e) [ ] Investment Adviser in accordance with
Rule 13d-1(b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G),
(h) [ ] Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act,
(i) [ ] 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 Rule 13d-1(b)(1)(ii)(J).
IF THIS STATEMENT IS FILED PURSUANT TO 13D-1(C), CHECK THIS BOX: [X]
Item 4. Ownership.
A. Empire Capital Partners, L.P. and Empire GP, L.L.C.
(a) Amount beneficially owned: 3,200,233
(b) Percent of class: 5.4%. The percentages used herein and in the
rest of Item 4 are calculated based upon the 59,005,700 shares of
Common Stock issued and outstanding on November 9, 2005 as
reflected in the Company's Form 10-Q for the quarterly period
ended September 30, 2005 filed on November 14, 2005.
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,200,233
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 3,200,233
CUSIP No. 516548104 13G/A Page 9 of 11 Pages
Empire Capital has the power to dispose of and the power to vote the
shares of Common Stock beneficially owned by it, which power may be exercised by
its general partner, Empire GP. Empire GP does not directly own any shares of
Common Stock. By reason of the provisions of Rule 13d-3 of the Securities
Exchange Act of 1934 (the "Act"), Empire GP may be deemed to beneficially own
the shares owned by Empire Capital.
B. Empire Capital Management, L.L.C.
(a) Amount beneficially owned: 4,583,567
(b) Percent of class: 7.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 4,583,567
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 4,583,567
The Investment Manager has the power to dispose of and the power to
vote the shares of Common Stock beneficially owned by the Empire Overseas Funds
and the shares to which this filing relates beneficially owned by the Charter
Oak Funds. The Investment Manager does not directly own any shares of Common
Stock. By reason of the provisions of Rule 13d-3 of the Securities Exchange Act
of 1934 (the "Act"), the Investment Manager may be deemed to own beneficially
the shares owned by the Empire Overseas Funds and the shares to which this
filing relates owned by the Charter Oak Funds.
C. Scott A. Fine and Peter J. Richards
(a) Amount beneficially owned: 7,783,800
(b) Percent of class: 13.2%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 7,783,800
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 7,783,800
Messrs. Fine and Richards, as Members, direct the operations of Empire
GP and Empire Capital Management, L.L.C. Neither Mr. Fine nor Mr. Richards
directly own any shares of Common Stock. By reason of the provisions of Rule
13d-3 of the Act, each may be deemed to beneficially own the shares of Common
Stock beneficially owned by Empire Capital, the Empire Overseas Funds and the
Charter Oak Funds.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Empire GP, the general partner of Empire Capital, has the power to direct
the affairs of Empire Capital, including decisions respecting the disposition of
the proceeds from the sale of the Common Stock. The Investment Manager has the
power to direct the affairs of the Empire Overseas Funds, including decisions
respecting the disposition of the proceeds from the sale of the Common Stock.
The Investment Manager, pursuant to investment management agreements with
Charter Oak and Charter Oak II, has the power to dispose of the proceeds from
the sale of the Common Stock with respect to those assets of the Charter Oak
Funds under its discretion. Messrs. Fine and Richards are the Members of Empire
GP and the Investment Manager, and in their capacities direct the operations of
Empire GP and the Investment Manager.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
CUSIP No. 516548104 13G/A Page 10 of 11 Pages
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Each of the Reporting Persons hereby makes the following certification:
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. 516548104 13G/A Page 11 of 11 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: February 14, 2006
By: /s/ SCOTT A. FINE
----------------------------------------
Scott A. Fine, individually, and as
member of Empire GP, L.L.C. and
Empire Capital Management, L.L.C.
By: /s/ PETER J. RICHARDS
----------------------------------------
Peter J. Richards, individually, and as
member of Empire GP, L.L.C. and
Empire Capital Management, L.L.C.