SC 13G/A: Statement of Beneficial Ownership by Certain Investors
Published on February 9, 2004
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 RULE 13d-2(b)
(Amendment No. 2)(1)
Harris & Harris Group, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
413833-10-4
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(CUSIP Number)
December 31, 2003
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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:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
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(1) 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 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. 413833-10-4
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Masters Capital Management, LLC
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
568,200
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
568,200
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
568,200
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.94%
12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 413833-10-4
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Masters
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
568,200
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
568,200
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
568,200
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.94%
12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 413833-10-4
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Marlin Fund Offshore, Ltd.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
6. SHARED VOTING POWER
318,762
7. SOLE DISPOSITIVE POWER
8. SHARED DISPOSITIVE POWER
318,762
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
318,762
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.77%
12. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 413833-10-4
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Item 1(a). Name of Issuer:
Harris & Harris Group, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
111 West 57th Street
New York, NY 10019
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Item 2(a). Name of Persons Filing:
Michael Masters
Masters Capital Management, LLC
Marlin Fund Offshore, Ltd.
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Item 2(b). Address of Principal Business Office, or if None, Residence:
17 Church Street, 3rd Floor
Christiansted, VI 00820
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Item 2(c). Citizenship:
Michael Masters - United States of America
Masters Capital Management, LLC - Georgia Limited Liability Company
Marlin Fund Offshore, Ltd. - a limited corporation organized under
the laws of the British Virgin Islands
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Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value
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Item 2(e). CUSIP Number:
413833-10-4
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Item 3. If This Statement is Filed Pursuant to Rule 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 Exchange
Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [_] Investment company registered under Section 8 of the
Investment Company Act.
(e) [_] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
568,200 shares owned by Michael Masters and Masters Capital Management,
LLC; 318,762 shares owned by Marlin Fund Offshore, Ltd.
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(b) Percent of class:
4.94% owned by Michael Masters, Masters Capital Management, LLC; 2.77%
owned by Marlin Fund Offshore, Ltd.
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
0 shares with sole power to vote or to direct the vote,
(ii) Shared power to vote or to direct the vote Michael Masters:
568,200 shares with shared power to vote or to direct the vote; Masters
Capital Management, LLC: 568,200 shares with shared power to vote or to
direct the vote; Marlin Fund Offshore, Ltd.: 318,762 shares with shared
power to vote or to direct the vote.
(iii) Sole power to dispose or to direct the disposition of:
0 shares with sole power to dispose or to direct the disposition of.
(iv) Shared power to dispose or to direct the disposition of:
Michael Masters: 568,200 shares with shared power to dispose or to direct
the disposition of; Masters Capital Management, LLC: 568,200 shares with shared
power to dispose or to direct the disposition of; Marlin Fund Offshore, Ltd.:
318,762 shares with shared power to dispose or to direct the disposition of.
Item 5. Ownership of Five Percent or Less of a Class.
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 [X].
The Reporting Person has ceased to be the beneficial owner of more
than 5 percent of the class of securities.
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Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
If any 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, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
N/A
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Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or
Control Person.
If a parent holding company or Control person has filed this schedule,
pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company or control person has filed this
schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
the identification of the relevant subsidiary.
N/A
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Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to ss.240.13d-1(b)(1)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity and Item
3 classification of each member of the group. If a group has filed this schedule
pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the
identity of each member of the group.
N/A
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Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.
N/A
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Item 10. Certifications.
By signing below I certify that, to the best of my 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 such purpose or effect.
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.
MASTERS CAPITAL MANAGEMENT, LLC
(Date)
February 4, 2004
(Signature)
By: /s/ Michael Masters
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(Name/Title)
Michael Masters, Managing Member
MARLIN FUND OFFSHORE, LTD.
(Date)
February 4, 2004
(Signature)
By: /s/ Michael Masters
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(Name/Title)
Michael Masters, Director
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Exhibit A
AGREEMENT
The undersigned agree that this schedule 13G/A dated February 4, 2004 relating
to the Common Stock of Harris & Harris Group, Inc. shall be filed on behalf of
the undersigned.
/s/ Michael Masters
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MASTERS CAPITAL MANAGEMENT, LLC
By: /s/ Michael Masters
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Michael Masters, Managing Member
MARLIN FUND OFFSHORE, LTD
By: /s/ Michael Masters
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Michael Masters, Director
02115.0001 #461248