SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 2)(1)
Catalyst Semiconductor, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
148881-10-5
(CUSIP Number)
Attn: Paul B. Goucher
J. & W. Seligman & Co. Incorporated
100 Park Avenue
New York, NY 10017
(212) 850-1864
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 9, 2008
(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 that 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. [_]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(1) 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 purposes of Section 18 of 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).
CUSIP No.148881-10-5 13D/A
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
J. & W. Seligman & Co. Incorporated
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
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
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,974,366
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,974,366
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,974,366
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
CUSIP No.148881-10-5 13D/A
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Seligman Spectrum Focus (Master) Fund
--------------------------------------------------------------------------------
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
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,861,566
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,861,566
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,861,566
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
CUSIP No.148881-10-5 13D/A
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
William C. Morris
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,974,366
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,974,366
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,974,366
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
4
SCHEDULE 13D
Item 1. Security and Issuer.
The name of the issuer is Catalyst Semiconductor, Inc., a Delaware corporation
(the "Issuer"). The address of the Issuer's principal executive office is 2975
Stender Way, Santa Clara, CA 94054. This Amendment No. 2 to the Statement on
Schedule 13D relating to the Issuer's common stock, no par value (the "Common
Stock"), is being filed jointly by J. & W. Seligman & Co. Incorporated, a
Delaware corporation ("JWS"), Seligman Spectrum Focus (Master) Fund, a Cayman
Islands corporation ("SSF"), and William C. Morris, controlling shareholder of
JWS ("Morris" and, together with JWS and SSF, the "Reporting Persons"), and
supplements and amends the Statement on Schedule 13D originally filed with the
Commission on June 25, 2007 and amended on August 24, 2007.
Item 3. Source and Amount of Funds or Other Consideration.
In acquiring the Common Stock reported in Item 5(c) herein, SSF expended
approximately $1.77 million (including commissions) of its working capital and
another client for whom JWS acts as an investment adviser expended approximately
$38,400 (including commissions) of its working capital.
Item 5. Interest in Securities of the Issuer.
(a), (b) Based on the Issuer's Report on Form 10-Q filed with the Commission on
December 12, 2007, there were 16,879,645 shares of Common Stock issued and
outstanding as of November 30, 2007. As to each Reporting Person, Items (7)-(11)
and (13) of their respective cover page are incorporated herein by reference.
JWS and Morris do not directly own any shares of the Issuer. The shares of the
Issuer reported herein are directly owned by SSF and one other client of JWS;
SSF and such other client have each engaged JWS as their investment adviser with
discretionary authority to acquire, dispose and vote the shares of the Issuer.
JWS, as investment adviser to SSF and such other client, and Morris, as JWS's
controlling shareholder, may be deemed to have the shared power to vote or
direct the vote of (and the shared power to dispose or direct the disposition
of) the Common Stock reported herein.
(c) The trading dates, number of shares of Common Stock purchased or sold and
the price per share for all transactions by the Reporting Persons in the Common
Stock within the last 60 days, which were all executed by broker-dealers, are
set forth below:
# of shares Purchased /
Reporting Person Date (Sold) Price Per Share
-----------------------------------------------------------------------------
SSF 1/9/2008 100,000 3.75
SSF 12/20/2007 80,000 4.00
SSF 12/20/2007 20,000 4.1451
SSF 12/17/2007 163,100 4.56
SSF 12/4/2007 9,500 5.00
SSF 11/27/2007 9,500 5.85
SSF 11/26/2007 9,500 5.85
SSF 11/20/2007 5,100 6.00
SSF 11/15/2007 500 6.00
SSF 11/12/2007 7,600 5.9853
JWS f/b/o client 12/17/2007 5,500 4.56
JWS f/b/o client 12/4/2007 500 5.00
JWS f/b/o client 11/27/2007 500 5.85
JWS f/b/o client 11/26/2007 500 5.85
JWS f/b/o client 11/20/2007 300 6.00
JWS f/b/o client 11/15/2007 100 6.00
JWS f/b/o client 11/12/2007 400 5.9853
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(d) No person other than the Reporting Persons has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of
the Common Stock reported herein; provided, however, that one JWS client (not a
Reporting Person hereunder) owning 112,800 shares of Common Stock of the Issuer
has the right to receive any dividends paid by the Issuer and could terminate
its investment advisory relationship with JWS and then subsequently direct the
use of proceeds from the sale of the Common Stock owned by such client.
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: January 10, 2008
J. & W. SELIGMAN & CO. INCORPORATED
By: /s/ Thomas G. Rose
------------------------------
Name: Thomas G. Rose
Title: CFO
SELIGMAN SPECTRUM FOCUS (MASTER) FUND
By: /s/ Lawrence P. Vogel
------------------------------
Name: Lawrence P. Vogel
Title: Authorized Person
WILLIAM C. MORRIS
By Frank J. Nasta,
as attorney-in-fact for William C. Morris
/s/ Frank J. Nasta
----------------------------------
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