UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
Odetics, Inc.
______________________________________________________
(Name of Issuer)
No Par Value
______________________________________________________
(Title of Class of Securities)
676065204
____________________________________
(CUSIP Number)
Austin W. Marxe, 153 East 53rd Street, New York, NY 10022
(212) 207-6500
______________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 16,2002
_________________________________________________________
(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-I(b)(3) or (4), check the following
box ___.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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 the disclosures provided in a prior cover page.
The information required in the remainder of the 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).
SCHEDULE 13D
CUSIP No. 676065204 Page 2 of 8 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Special Situations Fund III, L.P.
F13-3737427
MGP Advisers Limited Partnership *
F13-3263120
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d)
OR 2(e) ____
________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
2,833,400 (of which 1,416,700 are warrants)
----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.1%
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IV/IA
----------------------------------------------------------------
* AWM Investment Company, Inc., a Delaware corporation is the General Partner
of this entity.
SCHEDULE 13D
CUSIP No.676065204 Page 3 of 8 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Special Situations Private Equity Fund, L.P.
F13-3916551
MG Advisers, L.L.C. F13-3916549
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d)
OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
1,333,400 (of which 666,700 are warrants)
----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IV/IA
SCHEDULE 13D
CUSIP No.676065204 Page 4 of 8 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Special Situations Cayman Fund, L.P.
98-0132442
AWM Investment Company, Inc. 11-3086452
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d)
OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING ------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
833,200 (of which 416,600 are warrants)
----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4%
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IV/IA
SCHEDULE 13D
CUSIP No.676065204 Page 5 of 8 Pages
----------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Austin W. Marxe
David M. Greenhouse
----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
----------------------------------------------------------------
(3) SEC USE ONLY
----------------------------------------------------------------
(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d)
OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
----------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER 5,000,000
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER 5,000,000
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
5,000,000 (of which 2,500,000 are warrants)
----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.3%
----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
Page 6 of 8 Pages
Item 1. Security and Issuer. This Schedule relates to the common stock
and warrants of Odetics, Inc. (the "Issuer"). The Issuer's principal
executive offices are located at 1515 South Manchester Avenue, Anaheim, CA
92802
Item 2. Identity and Background. This Schedule is filed on behalf of (i)
Special Situations Fund III, L.P., a Delaware limited partnership ("SSF
III"); (ii) Special Situations Private Equity Fund, L.P., a Delaware limited
partnership (the "Private Equity Fund"); (iii) Special Situations Cayman
Fund, L.P., a Cayman Islands limited partnership (the "Cayman Fund"); (iv)
MGP Advisers Limited Partnership, a Delaware limited partnership ("MGP"); (v)
MG Advisers. L.L.C., a New York Limited Liability Company ("MG"); (vi) AWM
Investment Company, Inc., a Delaware corporation ("AWM"); (vii) Austin W.
Marxe and (viii) David Greenhouse. Each of the foregoing is hereinafter
referred to, individually, as a "Reporting Person" and, collectively, as the
"Reporting Persons."
The principal office and business address of the Reporting Persons, other
than the Cayman Fund, is 153 East 53rd Street, 55th floor, New York, NY
10022. The principal office and business address of the Cayman Fund is c/o
CIBC Bank and Trust Company (Cayman) Limited, CIBC Bank Building, P. O. Box
694, Grand Cayman, Cayman Islands, British West Indies.
The principal business of SSF III, the Private Equity Fund and the Cayman
Fund (individually, a "Fund" and, collectively, the "Funds") is to invest in
equity and equity related securities. The principal business of MGP is to
act as the general partner of and the investment adviser to SSF III. The
principal business of MG is to act as general partner of and the investment
adviser to the Private Equity Fund. The principal business of AWM is to act
as the general partner of MGP and as the general partner of and the
investment adviser to the Cayman Fund. MGP, MG, and AWM are referred to
herein, individually, as an "Adviser" and, collectively, as the "Advisers."
The principal occupation of Austin W. Marxe and David Greenhouse, both of
whom are United States citizens, is to serve as officers, directors and
members or principal shareholders of the Advisers.
Neither any Fund, any Adviser, Austin W. Marxe nor David Greenhouse, during
the last 5 years, has been convicted in any criminal proceeding or 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 violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Each Fund utilized available cash assets to purchase the Securities.
Item 4. Purpose of the Transaction. Each of the Reporting Persons has
acquired and is holding the Securities solely for investment purposes and not
with the purpose or the effect of changing or influencing control of the
Issuer. Each Fund acquired the Securities in the ordinary course of business
and is holding such Securities for the benefit of its third party investors.
Item 5. Interest in Securities of the Issuer. See pps. 2-5 of this
Schedule, setting forth the aggregate number and percentage of the Securities
beneficially owned by each Reporting Person, the number of shares as to which
there is sole or shared power to vote, or to direct the vote, and sole or
shared power to dispose or to direct the disposition.
Page 7 of 8 Pages
During August 2002 the following Funds acquired the following common stock
and warrants in a private placement transaction.
Common
Stock Warrants A Warrants B
1. SSF III -- 1,416,700 708,350 708,350
2. Private Equity Fund -- 666,700 333,350 333,350
3. Cayman Fund -- 416,600 208,300 208,300
No other trades occurred within the last 60 days.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer. See Item 2 and Item 4 of this Schedule.
Based on such Items. Messrs. Marxe and Greenhouse maintain sole voting power
and sole dispositive power with respect to the Securities.
Item 7. Material to be Filed as Exhibits.
None
Page 8 of 8 Pages
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.
August 23, 2002
/s/ Austin W. Marxe
-----------------------------
Special Situations Fund III, L.P.
by: Austin W. Marxe, Managing Director
/s/ Austin W. Marxe
________________________________
Special Situations Private Equity Fund, L.P.
by: Austin W. Marxe, Managing Director
/s/ Austin W. Marxe
_____________________________
Special Situations Cayman Fund, L.P.
by: Austin Marxe, Managing Director
/s/ Austin W. Marxe
_____________________________
MGP Advisers Limited Partnership
by: Austin Marxe, President and CEO
/s/ Austin W. Marxe
_____________________________
MG Advisers, L.L.C.
by: Austin Marxe, President and CEO
/s/ Austin W. Marxe
_____________________________
AWM Investment Company, Inc.
by: Austin Marxe, President and CEO
/s/ Austin W. Marxe
_____________________________
Austin W. Marxe
/s/ David Greenhouse
_____________________________
David Greenhouse