UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Tremisis Energy Acquisition Corporation
(Name of Issuer)
Common Stock, $0.0001 Par Value
(Title of Class of Securities)
894727 10 6
(CUSIP Number)
May 17, 2004
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)
*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 ("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).
Page 1 of 14
CUSIP No. 894727 10 6 13G
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Partners
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 205,000 shares 2.7%
SHARES -----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 0 shares 0%
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
205,000 shares 2.7%
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0 shares 0%
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
205,000 shares
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.7%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 14
CUSIP No. 894727 10 6 13G
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Rubenstein
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0 shares 0%
SHARES -----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 395,000 shares 5.1%
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0 shares 0%
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
395,000 shares 5.1%
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
395,000 shares
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 14
CUSIP No. 894727 10 6 13G
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Marilyn Rubenstein
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0 shares 0%
SHARES -----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 395,000 shares 5.1%
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0 shares 0%
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
395,000 shares 5.1%
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
395,000 shares
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 14
CUSIP No. 894727 10 6 13G
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 95,000 shares 1.2%
SHARES -----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 0 shares 0%
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
95,000 shares 1.2%
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0 shares 0%
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
95,000 shares
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.2%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 14
CUSIP No. 894727 10 6 13G
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 95,000 shares 1.2%
SHARES -----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 0 shares 0%
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
95,000 shares 1.2%
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0 shares 0%
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
95,000 shares
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.2%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 14
CUSIP No. 894727 10 6 13G
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Services Corp.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 0 shares 0%
SHARES -----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 190,000 shares 2.5%
REPORTING -----------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0 shares 0%
-----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
190,000 shares 2.5%
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
190,000 shares
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.5%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 14
Item 1.
(a) Name of Issuer:
Tremisis Energy Acquisition Corporation
(b) Address of Issuer's Principal Executive Offices:
1775 Broadway
Suite 604
New York, New York 10019
Item 2.
1. (a) Name of Person Filing:
Woodland Partners
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization:
New York
(d) Title of Class of Securities:
Common Stock, $0.0001 par value per share
(e) CUSIP Number:
894727 10 6
2. (a) Name of Person Filing:
Barry Rubenstein
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship:
United States
(d) Title of Class of Securities:
Common Stock, $0.0001 par value per share
(e) CUSIP Number:
894727 10 6
3. (a) Name of Person Filing:
Marilyn Rubenstein
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship:
United States
(d) Title of Class of Securities:
Common Stock, $0.0001 par value per share
(e) CUSIP Number:
894727 10 6
4. (a) Name of Person Filing:
Woodland Venture Fund
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization:
New York
(d) Title of Class of Securities:
Common Stock, $0.0001 par value per share
(e) CUSIP Number:
894727 10 6
Page 8 of 14
5. (a) Name of Person Filing:
Seneca Ventures
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization:
New York
(d) Title of Class of Securities:
Common Stock, $0.0001 par value per share
(e) CUSIP Number:
894727 10 6
6. (a) Name of Person Filing:
Woodland Services Corp.
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization:
New York
(d) Title of Class of Securities:
Common Stock, $0.0001 par value per share
(e) CUSIP Number:
894727 10 6
Item 3. If this statement is filed pursuant to ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person is a:
(a) |_| Broker or dealer registered under section 15 of the Act
(15 U.S.C.78o).
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) |_| Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) |_| Investment company as registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) |_| An investment adviser in accordance with ss.240.13d-1(b)
(1)(ii)(E).
(f) |_| An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F).
(g) |_| A parent holding company or control person in accordance
with ss.240.13d-1(b)(1)(ii)(G).
(h) |_| A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Page 9 of 14
Item 4. Ownership.
The reporting persons purchased units (the "Units"). Each Unit
consists of one share of common stock, 0.0001 par value per share (the "Common
Stock"), and two warrants (the "Warrants"). Each Warrant entitles the holder to
purchase one share of Common Stock at a price of $5.00. Each Warrant becomes
exercisable on the later to occur of the Issuer's completion of a business
combination, or May 12, 2005, and expires on May 11, 2008, or earlier upon
redemption.
1. Woodland Partners:
(a) Amount Beneficially Owned: 205,000(1),(2) shares.
(b) Percent of Class: 2.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
205,000(1),(2) shares.
(ii) shared power to vote or to direct the vote:
0 shares.
(iii) sole power to dispose or to direct the disposition of:
205,000(1),(2) shares.
(iv) shared power to dispose or to direct the disposition of:
0 shares.
2. Woodland Venture Fund:
(a) Amount Beneficially Owned: 95,000(3),(4) shares.
(b) Percent of Class: 1.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
95,000(3),(4) shares.
(ii) shared power to vote or to direct the vote:
0 shares.
(iii) sole power to dispose or to direct the disposition of:
95,000(3),(4) shares.
(iv) shared power to dispose or to direct the disposition of:
0 shares.
3. Seneca Ventures:
(a) Amount Beneficially Owned: 95,000(5),(6) shares.
(b) Percent of Class: 1.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
95,000(5),(6) shares.
(ii) shared power to vote or to direct the vote:
0 shares.
(iii) sole power to dispose or to direct the disposition of:
95,000(5),(6) shares.
(iv) shared power to dispose or to direct the disposition of:
0 shares.
----------
(1) Includes 205,000 shares of Common Stock owned by Woodland Partners.
(2) Does not include 410,000 shares of Common Stock issuable upon the exercise
of the Warrants held by Woodland Partners.
(3) Includes 95,000 shares of Common Stock owned by Woodland Venture Fund.
(4) Does not include 190,000 shares of Common Stock issuable upon the exercise
of the Warrants held by Woodland Venture Fund.
(5) Includes 95,000 shares of Common Stock owned by Seneca Ventures.
(6) Does not include 190,000 shares of Common Stock issuable upon the exercise
of the Warrants held by Seneca Ventures.
Page 10 of 14
4. Woodland Services Corp.:
(a) Amount Beneficially Owned: 190,000(3),(4),(5),(6),(7) shares.
Reporting person is a general partner of Seneca Ventures and
Woodland Venture Fund.
(b) Percent of Class: 2.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares.
(ii) shared power to vote or to direct the vote:
190,000(3),(4),(5),(6),(7) shares.
(iii) sole power to dispose or to direct the disposition of:
0 shares.
(iv) shared power to dispose or to direct the disposition of:
190,000(3),(4),(5),(6),(7) shares.
5. Barry Rubenstein:
(a) Amount Beneficially Owned: 395,000(1),(2),(3),(4),(5),(6),(7)
shares. Reporting person is a general partner of Seneca
Ventures, Woodland Venture Fund and Woodland Partners and an
officer and director of Woodland Services Corp. Mr. Rubenstein
is the husband of Marilyn Rubenstein.
(b) Percent of Class: 5.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares.
(ii) shared power to vote or to direct the vote:
395,000(1),(2),(3),(4),(5),(6),(7) shares.
(iii) sole power to dispose or to direct the disposition of:
0 shares.
(iv) shared power to dispose or to direct the disposition of:
395,000(1),(2),(3),(4),(5),(6),(7)shares.
6. Marilyn Rubenstein:
(a) Amount Beneficially Owned: 395,000(1),(2),(3),(4),(5),(6),(7)
Reporting person is a general partner of Woodland Partners and
an officer of Woodland Services Corp. Marilyn Rubenstein is
the wife of Barry Rubenstein.
(b) Percent of Class:5.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares.
(ii) shared power to vote or to direct the vote:
395,000(1),(2),(3),(4),(5),(6),(7) shares.
(iii) sole power to dispose or to direct the disposition of:
0 shares.
(iv) shared power to dispose or to direct the disposition of:
395,000(1),(2),(3),(4),(5),(6),(7) shares.
A Joint Filing Agreement is attached hereto as Exhibit A.
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. |_|
Instruction: Dissolution of a group requires a response to this item.
----------
(7) The reporting person disclaims beneficial ownership of these securities
except to the extent of his/her/its equity interest therein.
Page 11 of 14
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.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
(b) The following certification shall be included if the statement
is filed pursuant to ss.240.13d-1(c):
By signing below each party certifies that, to the best of
his/her/its knowledge 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 that purpose or effect.
Page 12 of 14
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
Dated: May 26, 2004
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein, a General Partner
SENECA VENTURES
By: /s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein, a General Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein, a General Partner
WOODLAND SERVICES CORP.
By: /s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein, President
/s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein
/s/ Marilyn Rubenstein
----------------------------------------
Marilyn Rubenstein
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
Page 13 of 14
13G
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G with
respect to the shares of Common Stock, $0.0001 par value per share, of Tremisis
Energy Acquisition Corporation and any further amendments thereto executed by
each and any of us shall be filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange
Act of 1934, as amended.
This Agreement may be executed in separate counterparts, each of
which shall be deemed an original, but all of which shall constitute one and the
same instrument.
Dated: May 26, 2004
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
-----------------------------------------
Barry Rubenstein, a General Partner
SENECA VENTURES
By: /s/ Barry Rubenstein
-----------------------------------------
Barry Rubenstein, a General Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
-----------------------------------------
Barry Rubenstein, a General Partner
WOODLAND SERVICES CORP.
By: /s/ Barry Rubenstein
-----------------------------------------
Barry Rubenstein, President
/s/ Barry Rubenstein
--------------------------------------------
Barry Rubenstein
/s/ Marilyn Rubenstein
--------------------------------------------
Marilyn Rubenstein
Page 14 of 14