Schedule 13G Amendment No. 1
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

 

 

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)

(Amendment No. 1)*

 

 

 

 

 

INTRUSION INC.

(Name of Issuer)

 

 

COMMON STOCK

(Title of Class of Securities)

 

 

67082N109

(CUSIP Number)

 

 

DECEMBER 31, 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 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).


CUSIP No.:  67082N109

  13G   Page 1 of 10

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

Gryphon Master Fund, L.P.

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

   
  3.  

SEC Use Only

 

 

 

   
  4.  

Citizenship or Place of Organization

 

 

Bermuda

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH:  

 

 

  5.    Sole Voting Power        0

 

 

 

  6.    Shared Voting Power        250,698

 

 

 

  7.    Sole Dispositive Power        0

 

 

 

  8.    Shared Dispositive Power        250,698

 

 

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

250,698

   
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

   
11.  

Percent of Class Represented by Amount in Row (9)

 

 

3.6%

   
12.  

Type of Reporting Person (See Instructions)

 

 

PN

   

 

 


CUSIP No.:  67082N109

  13G   Page 2 of 10

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

Gryphon Partners, L.P.

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

   
  3.  

SEC Use Only

 

 

 

   
  4.  

Citizenship or Place of Organization

 

 

Texas

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH:  

 

 

  5.    Sole Voting Power        0

 

 

 

  6.    Shared Voting Power        250,698

 

 

 

  7.    Sole Dispositive Power        0

 

 

 

  8.    Shared Dispositive Power        250,698

 

 

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

250,698

   
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

   
11.  

Percent of Class Represented by Amount in Row (9)

 

 

3.6%

   
12.  

Type of Reporting Person (See Instructions)

 

 

PN

   

 

 


CUSIP No.:  67082N109

  13G   Page 3 of 10

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

Gryphon Management Partners, L.P.

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

   
  3.  

SEC Use Only

 

 

 

   
  4.  

Citizenship or Place of Organization

 

 

Texas

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH:  

 

 

  5.    Sole Voting Power        0

 

 

 

  6.    Shared Voting Power        250,698

 

 

 

  7.    Sole Dispositive Power        0

 

 

 

  8.    Shared Dispositive Power        250,698

 

 

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

250,698

   
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

   
11.  

Percent of Class Represented by Amount in Row (9)

 

 

3.6%

   
12.  

Type of Reporting Person (See Instructions)

 

 

PN

   

 

 


CUSIP No.:  67082N109

  13G   Page 4 of 10

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

Gryphon Advisors, LLC

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

   
  3.  

SEC Use Only

 

 

 

   
  4.  

Citizenship or Place of Organization

 

 

Texas

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH:  

 

 

  5.    Sole Voting Power        0

 

 

 

  6.    Shared Voting Power        250,698

 

 

 

  7.    Sole Dispositive Power        0

 

 

 

  8.    Shared Dispositive Power        250,698

 

 

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

250,698

   
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

   
11.  

Percent of Class Represented by Amount in Row (9)

 

 

3.6%

   
12.  

Type of Reporting Person (See Instructions)

 

 

OO

   

 

 


CUSIP No.:  67082N109

  13G   Page 5 of 10

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

E.B. Lyon, IV

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

   
  3.  

SEC Use Only

 

 

 

   
  4.  

Citizenship or Place of Organization

 

 

Texas

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH:  

 

 

  5.    Sole Voting Power        0

 

 

 

  6.    Shared Voting Power        250,698

 

 

 

  7.    Sole Dispositive Power    0

 

 

 

  8.    Shared Dispositive Power        250,698

 

 

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

250,698

   
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

   
11.  

Percent of Class Represented by Amount in Row (9)

 

 

3.6%

   
12.  

Type of Reporting Person (See Instructions)

 

 

IN

   

 

 


CUSIP No.:  67082N109

  13G   Page 6 of 10

 

Item 1(a). Name of Issuer:

 

Intrusion Inc.

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

1101 East Arapaho Road, Richardson, Texas 75081.

 

Item 2(a). Name of Persons Filing:

 

Gryphon Master Fund, L.P. (“Master Fund”), Gryphon Partners, L.P. (“Gryphon Partners”), Gryphon Management Partners, L.P. (“GMP”), Gryphon Advisors, LLC (“Gryphon Advisors”), and E.B. Lyon, IV (“Lyon”).

 

Item 2(b). Address of Principal Business Office or, if none, Residence:

 

Each Reporting Person: 100 Crescent Court, Suite 490, Dallas, Texas 75201.

 

Item 2(c). Citizenship:

 

Master Fund: Bermuda.

 

Gryphon Partners: State of Texas.

 

GMP: State of Texas.

 

Gryphon Advisors: State of Texas.

 

Lyon: State of Texas.

 

Item 2(d). Title of Class of Securities:

 

Common Stock, $0.01 par value

 

Item 2(e). CUSIP Number:

 

67082N109


CUSIP No.:  67082N109

  13G   Page 7 of 10

 

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 Act;

(b) [ ] Bank as defined in Section 3(a)(6) of the Act;

(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act;

(d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940;

(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 association 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 of 1940; or

(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

Not applicable.

 

Item 4. Ownership:

 

This Schedule 13G filing includes (i) warrants to purchase 128,022 shares of the Issuer’s Common Stock; which shares, pursuant to Rule 13d-3(d)(1)(i)(D) promulgated under the Securities Exchange Act of 1934, as amended, are deemed to be outstanding for the purpose of computing the percentage of outstanding shares of the Issuer’s Common Stock owned by the Reporting Persons; and (ii) 122,676 shares of the Issuer’s Common Stock.

 

The shares of the Issuer’s Common Stock reported hereby are owned directly by Master Fund. The General Partner of Master Fund is Gryphon Partners, which may be deemed to be the beneficial owner of all such shares of Common Stock owned by Master Fund. The General Partner of Gryphon Partners is GMP, which may be deemed to be the beneficial owner of all such shares of Common Stock owned by Master Fund. The General Partner of GMP is Gryphon Advisors, which may be deemed to be the beneficial owner of all such shares of Common Stock owned by Master Fund. Lyon controls Gryphon Advisors and may be deemed to be the beneficial owner of all such shares of Common Stock owned by Master Fund. Each of Gryphon Partners, GMP, Gryphon Advisors and Lyon disclaims any beneficial ownership of any such shares of Common Stock owned by Master Fund.

 

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 5 percent of the class of securities, check the following [ X ].

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

 

Not applicable.


CUSIP No.:  67082N109

  13G   Page 8 of 10

 

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. Certifications:

 

By signing below we certify that, to the best of our 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.


CUSIP No.:  67082N109

  13G   Page 9 of 10

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

 

Dated: January 5, 2006

      GRYPHON MASTER FUND, L.P.
           

By:

 

Gryphon Partners, L.P.,

    its General Partner

               

By:

 

Gryphon Management Partners, L.P.,

    its General Partner

                   

By:

 

Gryphon Advisors, L.L.C.,

    its General Partner

                   

By:

 

/s/ Warren W. Garden


                       

    Warren W. Garden,

    Authorized Agent

 

Dated: January 5, 2006

      GRYPHON PARTNERS, L.P.
           

By:

 

Gryphon Management Partners, L.P.,

    its General Partner

               

By:

 

Gryphon Advisors, L.L.C.,

    its General Partner

               

By:

 

/s/ Warren W. Garden


                   

    Warren W. Garden,

    Authorized Agent

 

Dated: January 5, 2006

     

GRYPHON MANAGEMENT

    PARTNERS, L.P.

           

By:

 

Gryphon Advisors, L.L.C.,

    its General Partner

               

By:

 

/s/ Warren W. Garden


                   

    Warren W. Garden,

    Authorized Agent


CUSIP No.:  67082N109

  13G   Page 10 of 10

 

Dated: January 5, 2006

      GRYPHON ADVISORS, L.L.C.
           

By:

 

/s/ Warren W. Garden


               

    Warren W. Garden,

    Authorized Agent

 

Dated: January 5, 2006

      E.B. LYON, IV
           

By:

 

/s/ E.B. Lyon, IV