SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Mace Security International, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
554335208
(CUSIP Number)
February 7, 2005
(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
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. 554335208 Page 2 of 9 Pages
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1. Name of Reporting Person:
Langley Partners, L.P.
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2. Check the Appropriate Box if a Member of a Group:
(a) [_]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization: Delaware
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5. Sole Voting Power: -0-
Number of
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power: 1,179,900 (see Item 4)
Owned By
Each ------------------------------------------------------
Reporting 7. Sole Dispositive Power: -0-
Person
With ------------------------------------------------------
8. Shared Dispositive Power: 1,179,900 (see Item 4)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,179,900
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [_]
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11. Percent of Class Represented by Amount in Row (9): 8.0%
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12. Type of Reporting Person: PN
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CUSIP No. 554335208 Page 3 of 9 Pages
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1. Name of Reporting Person:
Langley Management, LLC
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2. Check the Appropriate Box if a Member of a Group:
(a) [_]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization: Delaware
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5. Sole Voting Power: -0-
Number of
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power: 1,179,900 (see Item 4)
Owned By
Each ------------------------------------------------------
Reporting 7. Sole Dispositive Power: -0-
Person
With ------------------------------------------------------
8. Shared Dispositive Power: 1,179,900 (see Item 4)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,179,900
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [_]
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11. Percent of Class Represented by Amount in Row (9): 8.0%
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12. Type of Reporting Person: OO
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CUSIP No. 554335208 Page 4 of 9 Pages
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1. Name of Reporting Person:
Langley Capital, LLC
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2. Check the Appropriate Box if a Member of a Group:
(a) [_]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization: Delaware
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5. Sole Voting Power: -0-
Number of
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power: 1,179,900 (see Item 4)
Owned By
Each ------------------------------------------------------
Reporting 7. Sole Dispositive Power: -0-
Person
With ------------------------------------------------------
8. Shared Dispositive Power: 1,179,900 (see Item 4)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,179,900
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [_]
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11. Percent of Class Represented by Amount in Row (9): 8.0%
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12. Type of Reporting Person: OO
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CUSIP No. 554335208 Page 5 of 9 Pages
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1. Name of Reporting Person:
Jeffrey Thorp
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2. Check the Appropriate Box if a Member of a Group:
(a) [_]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization: United States
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5. Sole Voting Power: -0-
Number of
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power: 1,179,900 (see Item 4)
Owned By
Each ------------------------------------------------------
Reporting 7. Sole Dispositive Power: -0-
Person
With ------------------------------------------------------
8. Shared Dispositive Power: 1,179,900 (see Item 4)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,179,900
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [_]
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11. Percent of Class Represented by Amount in Row (9): 8.0%
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12. Type of Reporting Person: IN
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CUSIP No. 554335208 Page 6 of 9 Pages
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This Amendment No. 1 to Schedule 13G is filed by the undersigned to amend and
restate in its entirety the Schedule 13G, dated June 7, 2004, with respect to
the shares of Common Stock, par value $.01 per share, of Mace Security
International, Inc.
Item 1(a). Name of Issuer:
Mace Security International, Inc. (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
1000 Crawford Place
Suite 400
Mt. Laurel, NJ 08054
Item 2(a). Name of Persons Filing:
(i) Langley Partners, L.P. ("Langley L.P."), (ii) Langley
Management, LLC, (iii) Langley Capital, LLC and (iv) Jeffrey
Thorp ("Thorp," together with Langley L.P., Langley
Management, LLC and Langley Capital, LLC, the "Reporting
Persons").
Item 2(b). Address of Principal Business Office:
For each Reporting Person:
535 Madison Avenue
7th Floor
New York, NY 10022.
Item 2(c). Citizenship:
See row 4 of each Reporting Persons' cover page.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value per share, of the Company
Item 2(e). CUSIP Number:
554335208
Item 3. Not applicable.
Item 4. Ownership.
For each Reporting Person:
(a) Amount beneficially owned:
1,179,900 shares of Common Stock as follows: (i)
846,900 shares of Common Stock are owned of record by
Langley L.P. and (ii) 333,000
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CUSIP No. 554335208 Page 7 of 9 Pages
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shares of Common Stock issuable, subject to certain
limitations set forth in the warrant agreement, to
Langley L.P. upon exercise of warrants.
Langley Capital, LLC is the general partner of
Langley L.P. Thorp is the sole member and manager of
Langley Capital, LLC. Langley Management, LLC is the
investment manager of Langley L.P. Thorp holds a
99.9% membership interest in Langley Management, LLC
and is the sole manager thereof. As a result, each of
Langley Management, LLC, Langley Capital, LLC and
Thorp are considered to share the power to vote or
direct the vote of, and the power to dispose or
direct the disposition of, the shares of Common Stock
owned of record by Langley L.P. This statement on
Schedule 13G shall not be construed as an admission
that any of the Reporting Persons (other than Langley
L.P.) is the beneficial owner of the Common Stock
covered by this statement.
(b) Percent of class:
8.0% the total outstanding shares of Common Stock.
This percentage is based upon 14,586,632 shares of
Common Stock issued and outstanding, which number is
calculated by adding (i) 14,253,632 (the number of
shares of Common Stock reported in the Form 10-Q for
the period ended September 30, 2004), (ii) 333,000
(the number of shares of Common Stock issuable to
Langley L.P. upon exercise of its warrants).
(c) Number of shares to which each Reporting Person has:
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
1,179,900
(iii) Sole power to dispose or to direct the
disposition of: -0-
(iv) Shared power to dispose of or direct the
disposition of: 1,179,900
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 By the Parent Holding
Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of a Group.
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CUSIP No. 554335208 Page 8 of 9 Pages
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Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my 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.
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CUSIP No. 554335208 Page 9 of 9 Pages
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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 8, 2005
LANGLEY PARTNERS, L.P.
By: LANGLEY CAPITAL, LLC,
as General Partner
By: /s/ Jeffrey Thorp
--------------------------
Jeffrey Thorp, Manager
LANGLEY MANAGEMENT, LLC
By: /s/ Jeffrey Thorp
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Jeffrey Thorp, Manager
LANGLEY CAPITAL, LLC
By: /s/ Jeffrey Thorp
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Jeffrey Thorp, Manager
/s/ Jeffrey Thorp
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Jeffrey Thorp