UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D/A

 

 

(Amendment No. 1)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO §240.13d-1(a) AND AMENDMENTS THERETO FILED

PURSUANT TO §240.13d-2(a)

 

Astea International Inc.

(Name of Issuer)

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

04622E208

(CUSIP Number)

 

Alex S. Glovsky, Esq., Nutter, McClennen & Fish LLP

155 Seaport Blvd, Boston, MA 02210

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

 

May 6, 2013

(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 which 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 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.   04622E208

SCHEDULE 13D/A

 

 

 

(1)

Names of Reporting Persons
Kinetic Catalyst Partners LLC

 

 

(2)

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

 

 

(a)

 o

 

 

(b)

 o

 

 

(3)

SEC Use Only

 

 

(4)

Source of Funds (See Instructions)
PF/WC

 

 

(5)

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

 

 

(6)

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

(7)

Sole Voting Power:
282,127

 

(8)

Shared Voting Power:
0

 

(9)

Sole Dispositive Power:
282,127

 

(10)

Shared Dispositive Power:
0

 

 

(11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
282,127

 

 

(12)

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   o

 

 

(13)

Percent of Class Represented by Amount in Row 9:
7.9%

 

 

(14)

Type of Reporting Person (See Instructions):
CO

 

2



 

CUSIP No.   04622E208

SCHEDULE 13D/A

 

 

 

(1)

Names of Reporting Persons
Robert B. Ashton

 

 

(2)

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

 

 

(a)

 o

 

 

(b)

 o

 

 

(3)

SEC Use Only

 

 

(4)

Source of Funds (See Instructions)
PF

 

 

(5)

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

 

 

(6)

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

(7)

Sole Voting Power:
282,127

 

(8)

Shared Voting Power:
0

 

(9)

Sole Dispositive Power:
282,127

 

(10)

Shared Dispositive Power:
0

 

 

(11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
282,127

 

 

(12)

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   o

 

 

(13)

Percent of Class Represented by Amount in Row 9:
7.9%

 

 

(14)

Type of Reporting Person (See Instructions):
CO

 

3



 

CUSIP No.   04622E208

SCHEDULE 13D/A

 

 

This Amendment No. 1 amends and supplements, as set forth below, the information contained in Items 3, 4, 5 and 7 of the Schedule 13D that was originally filed with the Securities and Exchange Commission (the “SEC”) on November 27, 2012 (the “Schedule 13D”). Except as amended by this Amendment No. 1, all information contained in the Schedule 13D is, after reasonable inquiry and to the best of the Reporting Persons’ knowledge and belief, true, complete and correct as of the date of this Amendment No. 1. Capitalized terms used herein and not otherwise defined have the meanings set forth in the Schedule 13D.

 

Item 3.         Source and Amount of Funds or Other Consideration.

 

Item 3 is hereby amended and restated as follows:

 

The shares of Common Stock beneficially owned by the Reporting Persons were acquired by purchase on the open market for an aggregate purchase price of $1,060,572 using the personal funds of Mr. Ashton and the investment capital of Kinetic Catalyst Partners LLC.

 

Item 4.         Purpose of Transaction.

 

Item 4 is hereby amended and restated as follows:

 

Kinetic Catalyst Partners LLC acquired the shares of Common Stock that it beneficially owns in the ordinary course of its business of purchasing, selling, trading and investing in securities.

 

The Reporting Persons’ primary interest is to maximize the value of their investment. To this end, the Reporting Persons continually review the Company’s business affairs and financial position and future prospects, as well as conditions in the securities markets and general economic and industrial conditions. The Reporting Persons may, from time to time, depending on market conditions and other considerations, acquire additional securities or dispose of some or all of the securities of the Issuer held by them, as permitted by the relevant securities laws and any agreement or agreements that may be entered into with the Issuer.

 

In addition, in a letter to the shareholders of the Company dated May 6, 2013, the Reporting Persons stated their intent to withhold their vote for director Adrian Peters at the Company’s 2013 annual meeting of shareholders and encouraged other shareholders to do the same. A copy of the letter to the shareholders is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Except as set forth above, the Reporting Persons do not have any plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer; (b) an extraordinary corporation transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the issuer or of any of its subsidiaries; (d) any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the issuer; (f) any other material change in the issuer’s business or corporate structure; (g) changes in the issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; (h) causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) causing a class of equity securities of the issuer becoming eligible for termination of registration pursuant to  Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated above.

 

Item 5.         Interest in Securities of the Issuer.

 

Item 5 is hereby amended and restated as follows:

 

4



 

CUSIP No.   04622E208

SCHEDULE 13D/A

 

 

(a)  As of the date hereof, the Reporting Persons are the beneficial owners of an aggregate of 282,127 shares of Common Stock, which represents approximately 7.9%(1) of the issued and outstanding shares of Common Stock.

 

(b) Each of the Reporting Persons has the shared power to vote or direct the vote, and the shared power to dispose of or direct the disposition of 282,127 shares of Common Stock, and the sole power to vote or direct the vote or to dispose or direct the disposition of no shares.(2)

 

(c)  The Reporting Persons have purchased and sold Common Stock on the open market in the last 60 days as follows:

 

Date

 

Purchaser

 

Type of 
Transaction

 

Number of 
Shares

 

Price Per 
Share

 

March 18, 2013

 

Kinetic Catalyst Partners LLC

 

Purchase

 

5,000

 

$

2.95

 

March 19, 2013

 

Kinetic Catalyst Partners LLC

 

Purchase

 

700

 

$

2.94

 

March 26, 2013

 

Robert B. Ashton IRA

 

Purchase

 

2,500

 

$

3.00

 

March 27, 2013

 

Kinetic Catalyst Partners LLC

 

Purchase

 

1,000

 

$

3.00

 

March 28, 2013

 

Robert B. Ashton IRA

 

Sale

 

5,700

 

$

3.91

 

April 10, 2013

 

Kinetic Catalyst Partners LLC

 

Purchase

 

500

 

$

3.44

 

April 10, 2013

 

Robert B. Ashton IRA

 

Purchase

 

3,200

 

$

3.44

 

April 15, 2013

 

Robert B. Ashton IRA

 

Purchase

 

585

 

$

3.25

 

April 23, 2013

 

Robert B. Ashton IRA

 

Purchase

 

1,000

 

$

3.20

 

April 24, 2013

 

Kinetic Catalyst Partners LLC

 

Purchase

 

300

 

$

3.21

 

April 29, 2013

 

Kinetic Catalyst Partners LLC

 

Purchase

 

1,130

 

$

3.27

 

 

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of the Issuer held by the Reporting Persons.

 

Item 7.         Material to be Filed as Exhibits.

 

Item 7 is hereby amended and restated as follows:

 

Exhibit No.

 

Description

 

 

 

99.1

 

Letter to Shareholders dated May 6, 2013

 


(1)  Based on 3,587,299 shares of Common Stock outstanding as April 15, 2013.

(2)  Robert B. Ashton, in his capacity as the Portfolio Manager of Kinetic Catalyst Partners LLC, has the legal power to direct the voting and disposition of the Common Stock beneficially owned by Kinetic Catalyst Partners LLC.

 

5



 

CUSIP No.   04622E208

SCHEDULE 13D/A

 

 

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: May 6, 2013

 

 

 

 

KINETIC CATALYST PARTNERS LLC

 

 

 

 

 

By:

/s/ Robert B. Ashton

 

Name:

Robert B. Ashton

 

Title:

Portfolio Manager

 

 

 

 

 

/s/ Robert B. Ashton

 

Robert B. Ashton

 

6