UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Glowpoint, Inc.
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(Name of Issuer)
Common Stock, $.0001 par value
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(Title of Class of Securities)
379887102
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(CUSIP Number)
December 31, 2004
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(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 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).
Page 1 of 9
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CUSIP NO. 379887102 SCHEDULE 13G PAGE 2 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, 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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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 825,000* (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
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8 SHARED DISPOSITIVE POWER
825,000* (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
825,000* (see Item 4)
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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
1.9% (see Item 4)
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12 TYPE OF REPORTING PERSON *
00
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 379887102 SCHEDULE 13G PAGE 3 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital 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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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 825,000* (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
825,000* (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
825,000* (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.9% (see Item 4)
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12 TYPE OF REPORTING PERSON *
00
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 379887102 SCHEDULE 13G PAGE 4 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Associates, 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
Anguilla, British West Indies
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 825,000* (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
825,000* (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
825,000* (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.9% (see Item 4)
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12 TYPE OF REPORTING PERSON *
00
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 379887102 SCHEDULE 13G PAGE 5 OF 9 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
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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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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 825,000* (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
825,000* (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
825,000* (see Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.9% (see Item 4)
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12 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
ITEM 1(a) NAME OF ISSUER:
Glowpoint, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
225 Long Avenue
Hillside, New Jersey 07295
ITEMS 2(a) NAME OF PERSON FILING:
This statement is filed by: (i) S.A.C. Capital Advisors,
LLC, ("SAC Capital Advisors") with respect to shares of
common stock, par value $.0001 per share ("Shares"), of
the Issuer beneficially owned by S.A.C. Capital
Associates, LLC ("SAC Capital Associates"); (ii) S.A.C.
Capital Management, LLC, ("SAC Capital Management") with
respect to Shares beneficially owned by SAC Capital
Associates; (iii) SAC Capital Associates with respect to
Shares beneficially owned by it; and (iv) Steven A. Cohen
with respect to Shares beneficially owned by SAC Capital
Advisors, SAC Capital Management and SAC Capital
Associates.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal business office of (i) SAC
Capital Advisors and Mr. Cohen is 72 Cummings Point Road,
Stamford, Connecticut 06902, (ii) SAC Capital Management
is 540 Madison Avenue, New York, New York 10022, and
(iii) SAC Capital Associates is P.O. Box 58, Victoria
House, The Valley, Anguilla, British West Indies.
ITEM 2(c) CITIZENSHIP:
SAC Capital Advisors and SAC Capital Management are
Delaware limited liability companies. SAC Capital
Associates is an Anguillan limited liability company. Mr.
Cohen is a United States citizen.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $.0001 par value
ITEM 2(e) CUSIP NUMBER:
379887102
ITEM 3 Not Applicable
Page 6 of 9
ITEM 4 OWNERSHIP:
The percentages used herein are calculated based upon the
Shares issued and outstanding as of November 12, 2004 as
reported on the Company's quarterly report on Form 10-Q
filed with the Securities and Exchange Commission by the
Company for the quarterly period September 30, 2004.
As of the close of business on December 31, 2004:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 825,000*
(b) Percent of class: 1.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 825,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
825,000*
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 825,000*
(b) Percent of class: 1.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 825,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
825,000*
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: 825,000*
(b) Percent of class: 1.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 825,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
825,000*
4. Steven A. Cohen
(a) Amount beneficially owned: 825,000*
(b) Percent of class: 1.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 825,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
825,000*
* The number of shares reported herein includes 396,000
shares issuable upon exercise of warrants held by SAC
Capital Associates.
Page 7 of 9
SAC Capital Advisors, SAC Capital Management, and Mr. Cohen
own directly no Shares. Pursuant to investment agreements,
each of SAC Capital Advisors and SAC Capital Management
share all investment and voting power with respect to the
securities held by SAC Capital Associates. Mr. Cohen
controls both SAC Capital Advisors and SAC Capital
Management. By reason of the provisions of Rule 13d-3 of
the Securities Exchange Act of 1934, as amended, each of
SAC Capital Advisors, SAC Capital Management and Mr. Cohen
may be deemed to own beneficially 825,000 shares
(constituting approximately 1.9% of the Shares
outstanding). Each of SAC Capital Advisors, SAC Capital
Management and Mr. Cohen disclaim beneficial ownership of
any of the securities covered by this statement.
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. [X]
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:
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
Page 8 of 9
ITEM 10 CERTIFICATION:
By signing below the signatory certifies that, to the best of his
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.
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 14, 2005
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
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Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 9 of 9