UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 4)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(A) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
American Locker Group Incorporated
----------------------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
027284108
---------
(CUSIP Number)
Mr. James T. Vanasek & Mr. Patrick Donnell Noone
c/o VN Capital Fund I, L.P.
1133 Broadway, Suite 1609
New York, N.Y. 10010
(212) 393-1140
--------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
August 31,2012
-------------
(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 Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box: |_|.
Page 1 of 10
SCHEDULE 13D
CUSIP No. 027284108
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
VN Capital Fund I, L.P. 01-0578850
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS WC
------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
2
SCHEDULE 13D
CUSIP No. 027284108
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
VN Capital Management, LLC 01-0578848
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS OO
------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
3
SCHEDULE 13D
CUSIP No. 027284108
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joinville Capital Management, LLC 80-0031856
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS OO
------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
4
CUSIP No. 027284108
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James T. Vanasek
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS OO
------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 6,579
SHARES -----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 6,579
WITH -----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,579
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
5
CUSIP No. 027284108
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Patrick Donnell Noone
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS OO
------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH -----------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10) SHARED DISPOSITIVE POWER
none
------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
6
This Amendment No. 4 amends and restates, except as set forth herein, the
Schedule 13D filed with the Securities and Exchange Commission on March 28, 2005
(the "Statement"), by and on behalf of VN Capital Fund I, L.P and others with
respect to the common stock, par value $1.00 per share, of American Locker
Group, Inc., a Delaware corporation.
Item 1. Security and Issuer.
--------------------
This Statement relates to the common stock, par value $1.00 per share (the
"Common Stock"), of American Locker Group Incorporated (the "Company"). The
principal executive offices of the Company is located at 2701 Regent Blvd.,
Suite 200, DFW Airport, TX 75261.
Item 2. Identity and Background.
------------------------
(a) - (c) This Statement is being filed by VN Capital Fund I, L.P., VN
Capital Management, LLC, Joinville Capital Management, LLC, James T. Vanasek and
Patrick Donnell Noone (each, a "Reporting Entity" and, collectively, the
"Reporting Entities").
VN Capital Fund I, L.P. is a Delaware limited partnership formed to engage
in the business of acquiring, holding and disposing of investments in various
companies. The address of the principal offices of VN Capital Fund I, L.P. is
1133 Broadway, Suite 1609, New York, New York 10010.
The general partners of VN Capital Fund I, L.P. are VN Capital Management,
LLC and Joinville Capital Management, LLC. VN Capital Management, LLC and
Joinville Capital Management, LLC are Delaware limited liability companies
formed to be the general partners of VN Capital Fund I, L.P. The address of the
principal offices of VN Capital Management, LLC and Joinville Capital
Management, LLC are 1133 Broadway, Suite 1609, New York, New York 10010.
James T. Vanasek and Patrick Donnell Noone are the Managing Members of VN
Capital Management, LLC and Joinville Capital Management, LLC. The business
address of Mr. Vanasek and Mr. Noone is c/o VN Capital Management, LLC 1133
Broadway, Suite 1609, New York, New York 10010.
The Reporting Entities do not believe that certain of the foregoing
information is called for by the Items of Schedule 13D and are disclosing it for
supplemental informational purposes only.
(d) - (e) During the last five years, neither the Reporting Entities nor
any other person identified in response to this Item 2 was convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors) or
was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Each natural person identified in Item 2 is a citizen of the
United States.
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Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
The information contained in Item 3 of the Statement is hereby
supplemented as follows:
Since the filing of Amendment No. 3, VN Capital Fund I, L.P. sold an
aggregate of 82,576 shares of Common Stock. The amount of funds received from
such sales was approximately $123,864 or $1.50 per share.
In certain instances, the Reporting Entities do not believe that certain
of the foregoing information is called for by the Items of Schedule 13D and are
disclosing it for supplemental informational purposes only.
Item 4. Purpose of Transaction.
----------------------
Each of the Reporting Entities acquired beneficial ownership of the shares
of Common Stock to which this Statement relates in order to obtain a significant
equity position in the Company, the Common Stock of which, in the opinion of the
Reporting Entities, is significantly undervalued. Each of the Reporting Entities
considers its equity position to be for investment purposes.
Each of the Reporting Entities may acquire additional shares of the
Company or sell or otherwise dispose of any or all of the shares of the Company
beneficially owned by it. Each Reporting Entity may also take any other action
with respect to the Company or any of its debt or equity securities in any
manner permitted by law.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) As of the date hereof, of the 1,683,985 shares of Common Stock
reported by the Company to be issued and outstanding as of June 30, 2012 in
its Form 10-Q filed with the SEC on August 14, 2012 (the "Outstanding
Shares"): (i) Mr. Vanasek is the direct beneficial owner of 6,579 shares of
Common Stock and the indirect beneficial owner of 0 shares of Common Stock,
totaling 6,579 shares of Common Stock which represents approximately 0.4% of
the Outstanding Shares; (ii) VN Capital Fund I, LP is the direct beneficial
owner of 0 shares of Common Stock which represents approximately 0.0% of the
Outstanding Shares; (iii) VN Capital Management and Joinville Capital
Management, LLC are the indirect beneficial owners of 0 shares of Common Stock
which represents approximately 0.0% of the Outstanding Shares; and (iv) Mr.
Noone is the indirect beneficial owner of 0 shares of Common Stock which
represents approximately 0.0% of the Outstanding Shares.
(b) Each of the Reporting Entities is deemed to have sole voting and
dispositive power over the shares of Common Stock reported as beneficially owned
by virtue of their respective positions as described in paragraph (a). Each of
the Reporting Entities are deemed to have sole voting and dispositive power with
respect to the shares each beneficially owns, regardless of the fact that
multiple Reporting Entities within the same chain of ownership are deemed to
have sole voting and dispositive power with respect to such shares. Each such
Reporting Entity reports sole voting and dispositive power with respect to such
shares based on its relationship to the other Reporting Entities within the same
chain of ownership.
8
(c) Except as set forth in Item 3 of this Statement, no person
identified in Item 2 hereof has effected any transaction in shares of Common
Stock during the 60 days preceding the filing of this Statement, or thereafter
and prior to the date hereof.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships With
Respect to Securities of the Issuer.
--------------------------------
None.
Item 7. Material to be Filed as Exhibits.
--------------------------------
None.
9
SIGNATURES
----------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: September 4, 2012
VN Capital Fund I, L.P.
By: VN Capital Management, LLC,
its general partner
By: /s/ James T. Vanasek
------------------------------------
Name: James T. Vanasek
Title: Managing Member
VN Capital Management, LLC
By: /s/ James T. Vanasek
------------------------------------
Name: James T. Vanasek
Title: Managing Member
Joinville Capital Management, LLC
By: /s/ James T. Vanasek
------------------------------------
Name: James T. Vanasek
Title: Managing Member
/s/ James T. Vanasek
------------------------------------
James T. Vanasek
/s/ Patrick Donnell Noone
------------------------------------
Patrick Donnell Noone
10