<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
H QUOTIENT, INC.
(Name of Issuer)
Common Stock and Warrants to Purchase Common Stock
(Title of Class of Securities)
40426E 10 1 ; 40426E 11 9
(CUSIP Number)
Steven W. Bingaman
Appleby Partners, Ltd.
551 Fifth Avenue, Suite 1625
New York, New York 10176
(212) 682 6103
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 15, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1 (e), 240.13d-1 (f) or 240.13d-1 (g), check
the following box. [ ]
<PAGE>
_______________________________________________________________________________
CUSIP No. 40426E 10 1 ; 40426E 11 9 SHCEDULE 13D Page 2 of 4 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS.
Appleby Partners, Ltd. ("APL")
Steven W. Bingaman 1996 Trust ("SWB Trust")
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
SWB Trust - PF and APL - WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
APL - Delaware; SWB Trust - New York
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | APL 1,433,971
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | SWB Trust 1,763,043
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | APL 1,433,971
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | SWB Trust 1,763,043
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Common Stock
Stock Purchase Warrants
------ -----------------
Appleby Partners, Ltd. 100,000 1,568,471
Steven W. Bingaman 1996 Trust 1,438,043 325,000
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
APL - CO
SWB Trust - OO
______________________________________________________________________________
<PAGE>
Page 3 of 4 Pages
Item 1: Security and Issuer
H Quotient, Inc.
12030 Sunrise Valley Drive
Suite 205
Reston, VA 20191
Common stock and warrants to purchase common stock
Item 2: Identity and Background
(a),(b),(c) Appleby Partners, Ltd.
551 Fifth Avenue, Suite 1625
New York, New York 10176
Investment and management company
(d) no
(e) no
(f) Unites States of America
(a),(b),(c) Steven W. Bingaman 1996 Trust
551 Fifth Avenue, Suite 1625
New York, New York 10176
Trust
(g) no
(h) no
(i) Unites States of America
Item 3: Sources and Amount of Funds or Other Consideration
APL -WC - approximately $1,750,000
SWB Trust - PF - $950,000
Item 4: Purpose of Transaction
The original and subsequent purchases of H Quotient, Inc. securities
since 1994 has been for investment purposes. The entities described above are
more likely than not to eventually dispose of all or portions of the owned
securities including the exercise and sale of common stock purchase warrants.
Item 5: Interest in the Securities of the Issuer
Common Stock % Warrants %
------------------------------------------------
(a) APL 100,000 1.2 1,568,471 15.0
SWB Trust 1,438,043 17.5 325,000 3.1
(b) Appleby Partners, Ltd. has the sole power to: vote or direct the vote and
dispose or direct the disposition of the shares of common stock and the warrants
held by it, and has the right to acquire through the exercising of warrants up
to 1,568,471 shares of common stock of the issuer. In addition, Appleby
Partners, Ltd. has the sole power to: vote or direct the vote and dispose or
direct the disposition of 1,438,043 shares of common stock and the 325,000
warrants held by the SWB Trust, and has the right to acquire through the
exercising of warrants up to 1,438,043 shares of common stock of the issuer that
are not exercisable until June 11, 2000.
<PAGE>
Page 4 of 4 Pages
Item 6: Contract, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
APL has been granted the authority to dispose or acquire securities of
the issuer by the SWB Trust.
Item 7: Material to be Filed as Exhibits
None
Date: December 20, 1999
Name/Title: Steven W. Bingaman, Appleby Partners, Ltd., President
Signature: /s/ Steven W. Bingaman, President
----------------------------------
Name/Title: Cynthia B. Newbold, Steven W. Bingaman 1996 Trust, Trustee
Signature: /s/ Cynthia B. Newbold, Trustee
---------------------------------
