TELULAR
CORPORATION
|
(Name
of Issuer)
|
Common
Stock, $0.01 par value per share
|
(Title
of Class of Securities)
|
87970T208
|
(CUSIP
Number)
|
December
31, 2006
|
(Date
of Event Which Requires Filing of this Statement)
|
o |
Rule
13d-1(b)
|
x |
Rule
13d-1(c)
|
o |
Rule
13d-1(d)
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: WS Capital, L.L.C.
I.R.S.
Identification Nos. of above persons (entities only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE
VOTING POWER: 358,234
|
|
6
|
SHARED
VOTING POWER: 0
|
||
7
|
SOLE
DISPOSITIVE POWER: 358,234
|
||
8
|
SHARED
DISPOSITIVE POWER: 0
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,234
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.9%*
|
||
12
|
TYPE
OF REPORTING PERSON
HC/OO
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: WS Capital Management, L.P.
I.R.S.
Identification Nos. of above persons (entities only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE
VOTING POWER: 358,234
|
|
6
|
SHARED
VOTING POWER: 0
|
||
7
|
SOLE
DISPOSITIVE POWER: 358,234
|
||
8
|
SHARED
DISPOSITIVE POWER: 0
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,234
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.9%*
|
||
12
|
TYPE
OF REPORTING PERSON
IA/PN
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: WSV Management, L.L.C.
I.R.S.
Identification Nos. of above persons (entities only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE VOTING POWER: 213,190 |
|
6
|
SHARED VOTING POWER: 0 |
||
7
|
SOLE DISPOSITIVE POWER: 213,190 |
||
8
|
SHARED DISPOSITIVE POWER: 0 |
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,190
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2%*
|
||
12
|
TYPE
OF REPORTING PERSON
IA/OO
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: WS Ventures Management, L.P.
I.R.S.
Identification Nos. of above persons (entities only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE VOTING POWER: 213,190 |
|
6
|
SHARED VOTING POWER: 0 |
||
7
|
SOLE DISPOSITIVE POWER: 213,190 |
||
8
|
SHARED DISPOSITIVE POWER: 0 |
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,190
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2%*
|
||
12
|
TYPE
OF REPORTING PERSON
HC/PN
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: Reid S. Walker
I.R.S.
Identification Nos. of above persons (entities only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE
VOTING POWER: 571,424
|
|
6
|
SHARED
VOTING POWER: 0
|
||
7
|
SOLE
DISPOSITIVE POWER: 571,424
|
||
8
|
SHARED
DISPOSITIVE POWER: 0
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
571,424
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%*
|
||
12
|
TYPE
OF REPORTING PERSON
HC/IN
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: G. Stacy Smith
I.R.S.
Identification Nos. of above persons (entities only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE
VOTING POWER: 571,424
|
|
6
|
SHARED
VOTING POWER: 0
|
||
7
|
SOLE
DISPOSITIVE POWER: 571,424
|
||
8
|
SHARED
DISPOSITIVE POWER: 0
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
571,424
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%*
|
||
12
|
TYPE
OF REPORTING PERSON
HC/IN
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: Patrick P. Walker
I.R.S.
Identification Nos. of above persons (entities only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE
VOTING POWER: 213,190
|
|
6
|
SHARED
VOTING POWER: 0
|
||
7
|
SOLE
DISPOSITIVE POWER: 213,190
|
||
8
|
SHARED
DISPOSITIVE POWER: 0
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,190
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2%*
|
||
12
|
TYPE
OF REPORTING PERSON
HC/IN
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: BC Advisors, LLC
I.R.S.
Identification Nos. of above persons (entities only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE
VOTING POWER: 753,568
|
|
6
|
SHARED
VOTING POWER: 0
|
||
7
|
SOLE
DISPOSITIVE POWER: 753,568
|
||
8
|
SHARED
DISPOSITIVE POWER: 0
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
753,568
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.0%*
|
||
12
|
TYPE
OF REPORTING PERSON
HC/CO
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: SRB Management, L.P.
I.R.S.
Identification Nos. of above persons (entities
only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE
VOTING POWER: 753,568
|
|
6
|
SHARED
VOTING POWER: 0
|
||
7
|
SOLE
DISPOSITIVE POWER: 753,568
|
||
8
|
SHARED
DISPOSITIVE POWER: 0
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
753,568
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
o
|
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.0%*
|
||
12
|
TYPE
OF REPORTING PERSON
IA/PN
|
CUSIP
No. 87970T208
|
|||
1
|
NAME
OF REPORTING PERSON: Steven R. Becker
I.R.S.
Identification Nos. of above persons (entities
only):
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
x
|
||
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
5
|
SOLE
VOTING POWER:
753,568
|
|
6
|
SHARED
VOTING POWER:
0
|
||
7
|
SOLE
DISPOSITIVE POWER:
753,568
|
||
8
|
SHARED
DISPOSITIVE POWER:
0
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
753,568
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o |
||
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.0%*
|
||
12
|
TYPE
OF REPORTING PERSON
HC/IN
|
Item
1(a).
|
Name
of Issuer: TELULAR CORPORATION
|
Item 1(b). |
Address
of Issuer's Principal Executive
Offices:
|
Item 2(a). |
Name
of Person Filing:
|
Item 2(b). |
Address
of Principal Business Office or if none, Residence:
|
Item 2(c). |
Citizenship:
See Item 4 of each cover page.
|
Item 2(d). |
Title
of Class of Securities: Common stock, $0.01 par value per
share
|
Item 2(e). |
CUSIP
Number: 87970T208
|
Item 3. |
Not
Applicable
|
Item 4. |
Ownership:
|
(a)
|
Amount
Beneficially Owned:
|
(b) |
Percent
of Class: See Item 11 of each cover
page.
|
(c) |
Number
of shares as to which such person
has:
|
(i)
|
sole
power to vote or to direct the vote: See Item 5 of each cover
page.
|
(ii)
|
shared
power to vote or to direct the vote: See Item 6 of each cover
page.
|
(iii) |
sole
power to dispose or to direct the disposition of: See Item 7 of each
cover
page.
|
(iv)
|
shared
power to dispose or to direct the disposition of: See Item 8 of each
cover
page.
|
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: Not
applicable.
|
Item 7. |
Identification
and Classification of Subsidiary Which Acquired the
Securities:
|
Item 8. |
Identification
and Classification of Members of the Group: Not
applicable.
|
Item 9. |
Notice
of Dissolution of Group: Not
applicable.
|
Item 10. |
Certification:
|
February 10, 2007 | ||
/s/
Steven R. Becker
|
||
Steven
R. Becker
|
||
WS CAPITAL, L.L.C. | ||
By: |
/s/
Reid S. Walker
|
|
Reid
S. Walker, Member
|
||
WS CAPITAL MANAGEMENT, L.P. | ||
By: |
WS
Capital, L.L.C., its general partner
|
|
By: |
/s/
Reid S. Walker
|
|
Reid
S. Walker, Member
|
||
WSV MANAGEMENT, L.L.C. | ||
By: |
/s/
Reid S. Walker
|
|
Reid
S. Walker, Member
|
||
WS VENTURES MANAGEMENT, L.P. | ||
By: |
WSV
Management, L.L.C., its general partner
|
|
By: |
/s/
Reid S. Walker
|
|
Reid
S. Walker, Member
|
||
/s/
Reid S. Walker
|
||
REID
S. WALKER
|
||
/s/
G. Stacy Smith
|
||
G.
STACY SMITH
|
||
/s/
Patrick P. Walker
|
||
PATRICK
P. WALKER
|
||
BC ADVISORS, LLC | ||
By: |
/s/
Steven R. Becker
|
|
Steven
R. Becker, Member
|
||
SRB MANAGEMENT, L.P. | ||
By: |
BC
Advisors, LLC, its general partner
|
|
By: |
/s/
Steven R. Becker
|
|
Steven
R. Becker, Member
|
||