SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 13d-2(b)
(Amendment No.)
Natural Health Trends Corp.
(Name of Issuer)
Common Stock, $.001 par value per share
(Title of Class of Securities)
63888P103
(CUSIP NUMBER)
December 31, 2004
(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)
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NAME OF REPORTING PERSONS: Goodwood Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) |X|
--------------------------------------------------------------------------------
SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION Canada
--------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------------------
SHARED VOTING POWER 471,100
--------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER 471,100
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 471,100
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.8%
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TYPE OF REPORTING PERSON* CO
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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NAME OF REPORTING PERSONS: Peter Puccetti
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) |X|
--------------------------------------------------------------------------------
SEC USE ONLY
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION Canada
--------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------------------
SHARED VOTING POWER 471,100
--------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER 471,100
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 471,100
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.8%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON* IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT*
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NAME OF REPORTING PERSONS: Cameron MacDonald
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) |X|
--------------------------------------------------------------------------------
SEC USE ONLY
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION Canada
--------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER 21,300
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------------------
SHARED VOTING POWER 471,100
--------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER 21,300
--------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER 471,100
--------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 492,400
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.1%
--------------------------------------------------------------------------------
TYPE OF REPORTING PERSON* IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT*
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Item 1(a). Name of Issuer:
Natural Health Trends Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
12901 Hutton Drive
Dallas, Texas 75234
Item 2(a). Name of Persons Filing:
This Schedule 13G is being filed with respect to
shares of Common Stock (including warrants
exercisable into Common Stock within 60 days) of the
Issuer which are beneficially owned by Goodwood Inc.
("Goodwood"), Peter Puccetti and Cameron MacDonald
(collectively, the "Reporting Persons").
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business address of each of the
Reporting Persons is:
212 King Street West, Suite 201
Toronto, Canada M5H 1K5
Item 2(c). Citizenship:
Each of Mr. Puccetti and Mr. MacDonald is a Canadian
citizen. Goodwood is organized in Canada.
Item 2(d). Title of Class of Securities:
Common Stock, $.001 par value per share
Item 2(e). CUSIP Number:
63888P103
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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: Not
Applicable
(a) [ ] Broker or dealer registered under
Section 15 of the Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of
the Exchange Act;
(c) [ ] Insurance Company as defined in Section
3(a)(19) of the Exchange Act;
(d) [ ] Investment Company registered under
Section 8 of the Investment Company Exchange
Act;
(e) [ ] Investment Adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
(f) [ ] Employee Benefit Plan or Endowment Fund
in accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] Parent Holding Company or Control Person
in accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] Saving Association as defined in Section
3(b) of The Federal Deposit Insurance Act;
(i) [ ] Church Plan that is excluded from the
definition of an Investment Company under
Section 3(c)(14) of the Investment Company
Act;
(j) [ ] Group, in accordance with Rule
13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned: Goodwood: 471,100
Mr. Puccetti: 471,100
Mr. MacDonald 492,400
(b) Percent of Class: Goodwood: 6.8%
Mr. Puccetti: 6.8%
Mr. MacDonald 7.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
Goodwood: 0
Mr. Puccetti: 0
Mr. MacDonald 21,300
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(ii) Shared power to vote or to direct the vote:
Goodwood: 471,100
Mr. Puccetti: 471,100
Mr. MacDonald 492,400
(iii) Sole power to dispose or direct the disposition of:
Goodwood: 0
Mr. Puccetti: 0
Mr. MacDonald 21,300
(iv) Shared power to dispose or to direct the disposition
of:
Goodwood: 471,100
Mr. Puccetti: 471,100
Mr. MacDonald 492,400
Goodwood does not directly own any shares of Common Stock. Goodwood acts as the
investment manager of each of Goodwood Fund, Arrow Goodwood Fund, Goodwood
Capital Fund, Goodwood Fund 2.0 and KBSH Goodwood Fund and is deemed to
beneficially own the 471,100 shares of Common Stock beneficially held by them,
which includes 352,100 shares of Common Stock and 119,000 warrants exercisable
into Common Stock within 60 days. Mr. Puccetti and Mr. MacDonald control
Goodwood and are thereby deemed to beneficially own 471,100 shares of Common
Stock. In addition, Mr. MacDonald, as sole owner of BC 628088 Ltd., beneficially
owns 21,300 shares of Common Stock.
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: [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
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
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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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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 11, 2005
GOODWOOD INC.
By: /s/ Cameron MacDonald
---------------------------
Name: Cameron MacDonald
Title: President
PETER PUCCETTI
By: /s/ Peter Puccetti
---------------------------
Name: Peter Puccetti
CAMERON MACDONALD
By: /s/ Cameron MacDonald
---------------------------
Name: Cameron MacDonald
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).
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EXHIBIT A
AGREEMENT
JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree jointly to prepare and file with
regulatory authorities a Schedule 13G and any amendments thereto reporting each
of the undersigned's ownership of securities of Natural Health Trends Corp. and
hereby affirm that such Schedule 13G is being filed on behalf of each of the
undersigned.
Date: February 11, 2005
Goodwood Inc.
By: /s/ Cameron MacDonald
-----------------------
Name: Cameron MacDonald
Title: President
Peter Puccetti
/s/ Peter Puccetti
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Peter Puccetti
Cameron MacDonald
/s/ Cameron MacDonald
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Cameron MacDonald
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