SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

[Rule 13d-101]

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

 

 

Memsic, Inc.

(Name of Issuer)

 

 

 

Common Stock, $0.00001 par value per share

(Title of Class of Securities)

 

586264103

(CUSIP Number)

 

Seligman Spectrum Focus (Master) Fund

P.O. Box 309

Ugland House, South Church Street

George Town, Grand Cayman KY1-1104, Cayman Islands

Telephone: (212) 850-1864

 

with copies to:

 

Michael J. Kennedy, Esq.

Steve L. Camahort, Esq.

Shearman & Sterling LLP

525 Market Street

San Francisco, CA 94105

Telephone: (415) 616-1100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

January 6, 2011

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  x

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §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. 586264103  

 

 1.  

Names of Reporting Persons.

 

Ameriprise Financial, Inc.

 

I.R.S. Identification Nos. of above persons (entities only)

13-3180631

 2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

 3.  

SEC Use Only

 

 4.  

Source of Funds (See Instructions)

 

OO

 5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

¨

 6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     7.   

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

3,541,444

     9.   

Sole Dispositive Power

 

0

     10.     

Shared Dispositive Power

 

3,541,444

11.  

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,541,444

12.  

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.  

 

Percent of Class Represented by Amount in Row (11)

 

14.77%

14.  

 

Type of Reporting Person (See Instructions)

 

CO

 

 

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CUSIP No. 586264103  

 

 1.  

Names of Reporting Persons.

Columbia Management Investment Advisers, LLC

 

 2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

 3.  

SEC Use Only

 

 4.  

Source of Funds (See Instructions)

 

OO

 5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

¨

 6.  

Citizenship or Place of Organization

 

Minnesota

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     7.   

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

3,541,444

     9.   

Sole Dispositive Power

 

0

     10.     

Shared Dispositive Power

 

3,541,444

11.  

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,541,444

12.  

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.  

 

Percent of Class Represented by Amount in Row (11)

 

14.77%

14.  

 

Type of Reporting Person (See Instructions)

 

IA

 

 

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CUSIP No. 586264103  

 

  1.  

Names of Reporting Persons.

Seligman Spectrum Focus (Master) Fund

 

I.R.S. Identification Nos. of above persons (entities only)

98-0498128

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

WC

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    

 

¨

  6.  

Citizenship or Place of Organization

 

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     7.   

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

3,443,444

     9.   

Sole Dispositive Power

 

0

     10.   

Shared Dispositive Power

 

3,443,444

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,443,444

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

14.36%

14.

 

Type of Reporting Person (See Instructions)

 

CO

 

 

3


This Amendment No. 5 to Schedule 13D is being filed jointly by the following (each a “Reporting Person” and collectively, the “Reporting Persons”): (1) Ameriprise Financial, Inc., a Delaware corporation (“AFI”), (2) Columbia Management Investment Advisers, LLC, a Minnesota limited liability company (formerly known as RiverSource Investments, LLC, “CMIA”), and (3) Seligman Spectrum Focus (Master) Fund, an exempted company incorporated in the Cayman Islands (“Focus Fund”), to supplement and amend the Schedule 13D filed on behalf of the Reporting Persons. Each item below amends and supplements the information disclosed under the corresponding item of Schedule 13D. Capitalized terms defined in the Schedule 13D are used herein with their defined meaning. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant.

 

Item 3. Source Amount of Funds or Other Consideration

The shares of Common Stock purchased by the Reporting Persons which are reported in Item 5(c) herein were purchased with approximately $1,349,302.00 of working capital, excluding commissions, in open market and private purchases.

 

Item 4. Purpose of Transaction

Focus Fund acquired the shares of Common Stock beneficially owned by it for investment purposes. Focus Fund expects to continually monitor and re-evaluate its investments in the shares of Common Stock.

From time to time, representatives of Focus Fund have contacted members of the Issuer’s management and board of directors in order to communicate the views of Focus Fund as to how best to maximize shareholder value. Representatives of Focus Fund intend to continue to engage in discussions with the Issuer regarding recommendations to enhance shareholder value, including making recommendations about possible strategic combinations that would, in the opinion of the Focus Fund’s investment adviser, benefit the Issuer’s shareholders.

No Reporting Person has any present plan or proposal which would relate to or result in any matters set forth in subparagraphs (a)—(j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon completion of any of the actions discussed above. The Reporting Persons reserve the right to acquire additional securities of Issuer, to dispose of such securities of Issuer at any time, or to formulate other purposes, plans or proposals regarding the Issuer or the securities of the Issuer, to the extent deemed advisable in light of their general investment polices, market conditions or other factors.

 

Item 5. Interest in Securities of the Issuer

(a-b) The following disclosure assumes there are 23,983,813 shares of Common Stock outstanding, which the Issuer represented to be the number of shares of Common Stock outstanding as of November 11, 2011 in the Issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on November 14, 2011.

As of January 6, 2012, Focus Fund beneficially owned 3,443,444 shares of Common Stock, which constitutes approximately 14.36% of the shares of Common Stock outstanding.

As of January 6, 2012, CMIA and AFI do not directly own any shares of Common Stock of the Issuer. As the investment adviser of Focus Fund and various other unregistered and registered investment companies and other managed accounts, as of January 6, 2012, CMIA may be deemed to beneficially own 3,541,444 shares of Common Stock held by Focus Fund and one other client of CMIA, which constitutes approximately 14.77% of the shares of Common Stock outstanding. To the knowledge of the Reporting Persons, as of January 6, 2012, only one other client of CMIA besides Focus Fund beneficially owned shares of Common Stock and only Focus Fund beneficially owned more than 5% of the shares of Common Stock outstanding.

As the sole owner and parent company of CMIA, as of January 6, 2012, AFI may be deemed to beneficially own 3,541,444 shares of Common Stock, which constitutes approximately 14.77% of the shares of Common Stock outstanding.

Except as set forth in this Item 5(a), none of the Reporting Persons beneficially owns any shares of Common Stock.

 

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(c) Schedule A annexed hereto lists all transactions in the shares of Common Stock during the past 60 days by the Reporting Persons.

(d) To the knowledge of the Reporting Persons, no other persons besides the stockholders and those persons for whose shares of Common Stock the stockholders report beneficial ownership have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Issuer reported herein; provided, however, that one CMIA client (who is not a Reporting Person hereunder) owning 98,000 shares of Common Stock of the Issuer has the right to receive any dividends paid by the Issuer and could terminate its investment advisory relationship with CMIA and then subsequently direct the use of proceeds from the sale of the Common Stock owned by such client.

(e) Not applicable.

Except as set forth above, to the knowledge of the Reporting Persons, none of the other persons listed in Item 2 above has beneficial ownership of any shares of Common Stock.

 

5


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.

 

Dated: January 6, 2012

    Seligman Spectrum Focus (Master) Fund
    By:   /s/    Eric Brandt
    Name: Eric Brandt
    Title: Authorized Person

 

    Ameriprise Financial, Inc.
    By:   /s/    Wade M. Voigt
    Name: Wade M. Voigt
    Title: Director – Fund Administration

 

    Columbia Management Investment Advisers, LLC
    By:   /s/    Eric Brandt
    Name: Eric Brandt
    Title: Vice President and Assistant Secretary

 

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Schedule A

Transactions in the Shares During the Past 60 days

 

For the

Account of

   Shares of Common
Stock Purchased/(Sold)
     Price Per
Share  ($U.S.)
     Date of
Purchase/(Sale)
 

Client 2

     200         2.9000         11/08/2011   

Client 1

     100         2.9000         11/08/2011   

Focus Fund

     1800         2.9000         11/08/2011   

Client 3

     6100         2.9983         11/11/2011   

Client 2

     2600         2.8967         11/25/2011   

Client 1

     2800         2.8967         11/25/2011   

Focus Fund

     8100         2.8967         11/25/2011   

Client 1

     600         2.9000         11/28/2011   

Focus Fund

     8200         2.9000         11/28/2011   

Client 1

     1200         2.8735         11/28/2011   

Focus Fund

     12500         2.8735         11/28/2011   

Client 1

     500         2.9000         11/29/2011   

Focus Fund

     6400         2.9000         11/29/2011   

Client 1

     -2700         2.8307         12/01/2011   

Client 1

     -10000         2.6792         12/02/2011   

Client 1

     -3430         2.6239         12/05/2011   

Client 1

     -3800         2.6255         12/06/2011   

Client 1

     -450         2.6524         12/07/2011   

Client 1

     -1100         2.6036         12/08/2011   

Client 1

     -197750         2.6000         12/09/2011   

Focus Fund

     197750         2.6000         12/09/2011   

Client 1

     -1700         2.5824         12/09/2011   

Focus Fund

     2400         2.6536         12/12/2011   

Focus Fund

     2900         2.7428         12/13/2011   

Focus Fund

     700         2.7500         12/19/2011   

Client 2

     -12000         2.6607         1/3/2012   

Client 2

     -3200         2.6000         1/4/2012   

Client 2

     -1000         2.6031         1/4/2012   

Client 2

     -268209         2.5000         1/6/2012   

Focus Fund

     268209         2.5000         1/6/2012   

 

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