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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
TRINSIC, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
988792107
(CUSIP Number)
LAWRENCE C. TUCKER
Brown Brothers Harriman & Co.
140 Broadway
New York, New York
(212) 483-1818
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
February 5, 2007
(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(b)(3) or (4), check the following box [ ].
*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 ("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).
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CUSIP No. 988792107 SCHEDULE 13D Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
THE 1818 FUND III, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF
7 SOLE VOTING POWER
SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
14,592,428 See Item 5
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
14,592,428 See Item 5
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,592,428 See Item 5.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
79.1%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP No. 988792107 SCHEDULE 13D Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
BROWN BROTHERS HARRIMAN & CO.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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NUMBER OF
7 SOLE VOTING POWER
SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
14,592,428 See Item 5
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
14,592,428 See Item 5
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,592,428 See Item 5.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
79.1%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP No. 988792107 SCHEDULE 13D Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON
T. MICHAEL LONG
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF
7 SOLE VOTING POWER
SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
14,592,428 See Item 5
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
14,592,428 See Item 5
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,592,428 See Item 5.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
79.1%
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14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 988792107 SCHEDULE 13D Page 5 of 9 Pages
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1 NAME OF REPORTING PERSON
LAWRENCE C. TUCKER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF
7 SOLE VOTING POWER
SHARES
2,132
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
14,592,428 See Item 5
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
2,132
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
14,592,428 See Item 5
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,594,560 See Item 5.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
79.1%
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14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 988792107 SCHEDULE 13D Page 6 of 9 Pages
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EXPLANATORY NOTE
This Amendment No. 10 ("AMENDMENT NO. 10") to Schedule 13D is
filed by the undersigned to amend and supplement the Schedule 13D filed on
November 20, 2000 (the "ORIGINAL 13D"), as amended by Amendment No. 1 to
Schedule 13D filed on July 12, 2001 ("AMENDMENT NO. 1"), Amendment No. 2 to
Schedule 13D filed on August 9, 2001 ("AMENDMENT NO. 2"), Amendment No. 3 to
Schedule 13D filed on August 26, 2004 ("AMENDMENT NO. 3"), Amendment No. 4 to
Schedule 13D filed on December 3, 2004 ("AMENDMENT NO. 4"), Amendment No. 5 to
Schedule 13D filed on July 18, 2005 ("AMENDMENT NO. 5"), Amendment No. 6 to
Schedule 13D filed on September 2, 2005 ("AMENDMENT NO. 6"), Amendment No. 7
to Schedule 13D filed on October 3, 2005 ("AMENDMENT NO. 7"), Amendment No. 8
to Schedule 13D filed on December 20, 2005 ("AMENDMENT NO. 8"), and Amendment
No. 9 to the Schedule 13D filed on January 18, 2006 ("AMENDMENT NO. 9"),
relating to the common stock (the "COMMON STOCK"), par value $.01 per share,
issued by Trinsic, Inc., a Delaware corporation (the "COMPANY"). Unless
otherwise indicated, all capitalized terms shall have the same meaning as
provided in the Original 13D as amended by Amendment No.1, Amendment No. 2,
Amendment No.3, Amendment No.4, Amendment No. 5, Amendment No. 6, Amendment
No. 7, Amendment No. 8 and Amendment No. 9.
ITEM 1. SECURITY AND ISSUER.
No Change.
ITEM 2. IDENTITY AND BACKGROUND.
No Change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
No Change.
CUSIP No. 988792107 SCHEDULE 13D Page 7 of 9 Pages
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ITEM 4. PURPOSE OF TRANSACTION.
No Change.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and supplemented by the addition of
the following:
As of the date hereof, based on calculations made in
accordance with Rule 13d-3 promulgated under the Exchange Act and there being
18,453,983 shares of Common Stock outstanding (as of December 20, 2006
according to the Company's Information Statement on Schedule 14C as filed by
the Company with the Securities and Exchange Commission on December 22, 2006),
the number of shares of Common Stock the Fund, BBH, Long and Tucker would be
deemed to own and the percent of the outstanding shares of Common Stock are as
follows:
SHARES PERCENTAGE
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Fund 14,592,428 79.1%
BBH 14,592,428 79.1%
Long 14,592,428 79.1%
Tucker 14,594,560 79.1%
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO THE COMMON STOCK OF THE ISSUER.
Item 6 is hereby amended and supplemented by the addition of
the following:
On February 5, 2007, in consideration for a loan in the
aggregate principal amount of $80,000 made by the Fund to the Company on
January 31, 2007, the Company executed a demand promissory note (the "DEMAND
CUSIP No. 988792107 SCHEDULE 13D Page 8 of 9 Pages
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NOTE") in favor of the Fund in an aggregate principal amount of $80,000 and
bearing interest at a rate of sixteen percent (16%) per annum. Interest on the
Demand Note accrues daily and will be added to the unpaid principal amount of
the Demand Note. The Note is payable immediately upon demand by the Fund.
The foregoing description of the Demand Note does not purport
to be complete and is qualified in its entirety by reference to the Demand
Note, a copy of which is attached hereto as Exhibit 1 to this Amendment No.
10.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Demand Promissory Note, dated as of February 5, 2007,
made by the Company in favor of The 1818 Fund III, L.P.
CUSIP No. 988792107 SCHEDULE 13D Page 9 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: February 12, 2007
THE 1818 FUND III, L.P.
By: Brown Brothers Harriman & Co.,
General Partner
By: /s/ Lawrence C. Tucker
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Name: Lawrence C. Tucker
Title: Partner
BROWN BROTHERS HARRIMAN & CO.
By: /s/ Lawrence C. Tucker
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Name: Lawrence C. Tucker
Title: Partner
/s/ T. Michael Long
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T. Michael Long
/s/ Lawrence C. Tucker
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Lawrence C. Tucker