0000950116-98-001082SC 13G AMBER ARBITRAGE LDC /BD INFORMATION STORAGE DEVICES INC /CA/ 1998051319980513132411132317000000 0 0000950116-98-001082 SC 13G 1 19980513 NONE INFORMATION STORAGE DEVICES INC /CA/ 0000932980 3674 770197173 CA 1231 SC 13G 34 005-44765 98617962 2045 HAMILTON AVE SAN JOSE CA 95125 4083692400 2045 HAMILTON AVE SAN JOSE CA 95125 AMBER ARBITRAGE LDC /BD 0001022813 1231 SC 13G C/O CUSTOM HOUSE FUND MANAGEMENT LTD 31 KINDARE ST DUBLIN IRELAND E9 00001 3459490880 C/O CUSTOM HOUSE FUND MANAGEMENT LTD 31 KILDARE ST DUBLIN IRELAND E9 00001 AMBER ARBITRAGE LDC /BD 19971002 SC 13G 1 SCHEDULE 13G PAGE 1 OF 5 PAGES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ___)* Information Storage Devices, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common -------------------------------------------------------------------------------- (Title of Class of Securities) 456753102 ---------------------------------------- (CUSIP Number) January 1, 1998 ------------------------------------------------------------ (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d- (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). CUSIP NO. 456753102 13G PAGE 2 OF 5 PAGES --- --- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Amber Arbitrage LDC -------------------------------------------------------------------------------- 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: Cayman Islands -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES BENEFICIALLY 1,339,177 OWNED BY ---------------------------------------------------- EACH 6. SHARED VOTING POWER REPORTING PERSON WITH None ---------------------------------------------------- 7. SOLE DISPOSITIVE POWER 1,339,177 ---------------------------------------------------- 8. SHARED DISPOSITIVE POWER None -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,339,177 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*: [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.0% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON*: BD, OO -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 456753102 13G PAGE 3 OF 5 PAGES --- --- Item 1. (a) Name of Issuer: Information Storage Devices, Inc. (b) Address of Issuer's Principal Executive Offices: 2045 Hamilton Avenue, San Jose, CA 95125 Item 2. (a) Name of Person Filing: Amber Arbitrage LDC (b) Address of Principal Business Office: c/o Custom House Fund Management Limited, 31 Kildare Street, Dublin 2, Ireland (c) Citizenship: Cayman Islands (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 456753102 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) [X] Broker or dealer registered under Section 15 of the Exchange Act. Items (b), (c), (d), (e), (f), (g), (h), (i), and (j) not applicable If this statement is filed pursuant to Rule 13d-1(c), check this box [ ] Item 4. Ownership (a) Amount Beneficially Owned: 1,339,177 The sole director of the Person filing is Lismore Management, Ltd., a British Virgin Islands company, which has a principal business address at: c/o ING Trust (BVI) Limited, P.O. Box 3459, Road Town, Tortola, British Virgin Islands. Peter Anderson and John Benbow have been designated by Lismore Management, Ltd. to act on behalf of Lismore Management Ltd. as directors of the person filing. To the knowledge of the filing person, Messrs. Anderson and Benbow are citizens of the United Kingdom and permanent residents of the Cayman Islands, with business addresses of: P.O. Box 923, Grand Cayman, Cayman Islands. (b) Percent of Class: 14.0% CUSIP NO. 456753102 13G PAGE 4 OF 5 PAGES --- --- (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 1,339,177 (ii) shared power to vote or direct the vote: -0- (iii) sole power to dispose or to direct the disposition of: 1,339,177 (iv) shared power to dispose or to direct the disposition of: -0- see item 4(a) 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 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 Item 10. Certification By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. 456753102 13G PAGE 5 OF 5 PAGES --- --- 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. Amber Arbitrage LDC By: Lismore Management Ltd. By: /s/John Benbow /s/Peter Anderson -------------------------------- Dated: May 4, 1998