1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------
SCHEDULE 13G
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)
Novatel Wireless Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.001 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
66987M109
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2000
--------------------------------------------------------------------------------
(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)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 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).
2
CUSIP No 66987M109 13G Page 2 of 7 Pages
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification No. of Above Persons (Entities Only).
Aether Systems, Inc. 52-2186634
----------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
----------------------------------------------------------------------------------------------
3. SEC Use Only
----------------------------------------------------------------------------------------------
4. Citizenship or Place of Organization...Delaware
----------------------------------------------------------------------------------------------
Number of 5. Sole Voting Power 4,173,912
Shares
------------------------------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by
------------------------------------------------------------------------------
Each 7. Sole Dispositive Power...4,173,912
Reporting
------------------------------------------------------------------------------
Person With 8. Shared Dispositive Power...0
----------------------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person...4,173,912
----------------------------------------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ]
----------------------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 8.0%
----------------------------------------------------------------------------------------------
12. Type of Reporting Person* CO
----------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
3
CUSIP No 66987M109 13G Page 3 of 7 Pages
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification No. of Above Persons (Entities Only).
Aether Capital, LLC
----------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
----------------------------------------------------------------------------------------------
3. SEC Use Only
----------------------------------------------------------------------------------------------
4. Citizenship or Place of Organization...Delaware
----------------------------------------------------------------------------------------------
Number of 5. Sole Voting Power...4,173,912
Shares
------------------------------------------------------------------------------
Beneficially 6. Shared Voting Power...0
Owned by
------------------------------------------------------------------------------
Each 7. Sole Dispositive Power...4,173,912
Reporting
------------------------------------------------------------------------------
Person With 8. Shared Dispositive Power...0
----------------------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person...4,173,912
----------------------------------------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ]
----------------------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 8.0%
----------------------------------------------------------------------------------------------
12. Type of Reporting Person* PN
----------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
4
Page 4 of 7 Pages
ITEM 1(a). Name of Issuer
Novatel Wireless Inc. (the "Issuer")
ITEM 1(b). Address of Issuer's Principal Executive Offices
The address of the Issuer's principal executive offices is 9360
Town Centre Drive, Suite 110, San Diego, CA 92121.
ITEM 2(a). Name of Person Filing
This statement is filed on behalf of Aether Systems, Inc. and its
wholly-owned subsidiary, Aether Capital, LLC.
ITEM 2(b). Address of Principal Business Office or, if None, Residence
The principal place of business of Aether Systems, Inc. and
Aether Capital, LLC is 11460 Cronridge Drive, Owings Mills,
Maryland 21117.
ITEM 2(c). Citizenship
The citizenship or place of organization of each of the Reporting
Persons is set forth on the cover page.
ITEM 2(d). Title of Class of Securities
The title of the securities is common stock, par value $.001 per
share (the "Common Stock").
ITEM 2(e). CUSIP Number
The CUSIP number of the Common Stock is set forth on the cover
page.
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 associations 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).
5
Page 5 of 7 Pages
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
Aether Systems, Inc. 4,173,912
Aether Capital, LLC 4,173,912
(b) Percent of class:
Aether Systems, Inc. 8.0%
Aether Capital, LLC 8.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
Aether Capital, LLC owns 3,478,260 shares of
Common Stock. Aether Capital, LLC also holds an
immediately exercisable option to purchase an
additional 695,652 shares of Common Stock at any
time prior to June 30, 2005. Aether Systems, Inc.
through its ability to control Aether Capital, LLC
has the sole power to vote or direct the vote of
4,173,912 shares of Common Stock.
(ii) Shared power to vote or to direct the vote
Aether Systems, Inc. 0
Aether Capital, LLC 0
(iii) Sole power to dispose or to direct the disposition of
Aether Capital, LLC directly owns 3,478,260 shares of
Common Stock. Aether Capital, LLC also holds an
immediately exercisable option to purchase an additional
695,652 shares of Common Stock at any time prior to June
30, 2005. Aether Systems, Inc. through its ability to
control Aether Capital, LLC has the sole power to dispose
of 4,173,912 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of
Aether Systems, Inc. 0
Aether Capital, LLC 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
PERSON
Aether acquired the 4,173,912 shares in Novatel through its
wholly-owned subsidiary, Aether Capital, LLC.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
6
Page 6 of 7 Pages
ITEM 10. CERTIFICATION
Not Applicable
7
Page 7 of 7 Pages
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: February 13, 2001
Aether Systems, Inc.
/s/ DAVID C. REYMANN
---------------------------------
Name: David C. Reymann
Title: Secretary
Aether Capital, LLC
By: Aether Systems, Inc., its sole member
By: /s/ DAVID C. REYMANN
------------------------------
Name: David C. Reymann
Title: Secretary