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SCHEDULE 13G
(RULE 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
YIELDUP INTERNATIONAL CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
985837 10 3
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(CUSIP Number)
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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 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).
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CUSIP NO. 985837 10 3 13G PAGE ___ OF ___ PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Arbitrade LLC (36-3993234)
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Arbitrade LLC (Illinois, USA)
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Number of
5 Sole Voting Power
Shares *
-----------------------------------------------------
Beneficially 6 Shared Voting Power
*
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each *
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
*
Person With
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
*
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
Less than 5%
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12 Type of Reporting Person (See Instructions)
Arbitrade LLC (BD)
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* Issuer, YIELDUP CORPORATION, was acquired by FSI International on October 21,
1999. As a result, reporting person no longer owns a percentage of outstanding
shares which requires filing Schedule 13G.
2
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CUSIP NO. 985837 10 3 13G PAGE ___ OF ___ PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Deephaven Market Neutral Trading LP (36-7055681)
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Deephaven Market Neutral Trading LP (Illinois, USA)
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Number of
5 Sole Voting Power
Shares *
-----------------------------------------------------
Beneficially 6 Shared Voting Power
*
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each *
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
*
Person With
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
*
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
Less than 5%
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12 Type of Reporting Person (See Instructions)
Deephaven Market Neutral Trading LP (BD)
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* Issuer, YIELDUP CORPORATION, was acquired by FSI International on October 21,
1999. As a result, reporting person no longer owns a percentage of outstanding
shares which requires filing Schedule 13G.
3
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CUSIP NO. 985837 10 3 13G PAGE ___ OF ___ PAGES
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Deephaven Market Neutral Fund Limited (NA)
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2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(See Instructions) (b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
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Number of
5 Sole Voting Power
Shares *
-----------------------------------------------------
Beneficially 6 Shared Voting Power
*
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each *
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With *
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
*
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
Less than 5%
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12 Type of Reporting Person (See Instructions)
Deephaven Market Neutral Fund Limited (PN)
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* Issuer, YIELDUP CORPORATION, was acquired by FSI International on October 21,
1999. As a result, reporting person no longer owns a percentage of outstanding
shares which requires filing Schedule 13G.
4
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CUSIP NO. 985837 13G PAGE ___ OF ___ PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Deephaven Opportunity Trading Fund LP (NA)
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2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(See Instructions) (b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Deephaven Opportunity Trading Fund LP (British Virgin Islands)
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Number of
5 Sole Voting Power
Shares *
-----------------------------------------------------
Beneficially 6 Shared Voting Power
*
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each *
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With *
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
*
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
Less than 5%
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12 Type of Reporting Person (See Instructions)
Deephaven Opportunity Trading Fund LP (BD)
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* Issuer, YIELDUP CORPORATION, was acquired by FSI International on October 21,
1999. As a result, reporting person no longer owns a percentage of outstanding
shares which requires filing Schedule 13G.
5
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CUSIP NO. 985837 10 3 13G PAGE ___ OF ___ PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Colin Smith (SS# available upon request)
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Colin Smith (USA)
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Number of
5 Sole Voting Power
Shares *
-----------------------------------------------------
Beneficially 6 Shared Voting Power
*
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each *
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With *
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
*
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
Less than 5%
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12 Type of Reporting Person (See Instructions)
Colin Smith (IN)
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* Issuer, YIELDUP CORPORATION, was acquired by FSI International on October 21,
1999. As a result, reporting person no longer owns a percentage of outstanding
shares which requires filing Schedule 13G.
6
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
DISCLAIMER: Information in this Schedule 13G is provided solely for the purpose
of complying with Sections 13(d) and 13(g) of the Act and regulations
promulgated thereunder, and is not to be construed as an admission for any
purpose whatsoever.
Item 1(a) Name of Issuer:
YIELDUP INTERNATIONAL CORPORATION
Item 1(b) Address of Issuer's Principal Executive Offices:
117 Easy Street
Mountain View, CA 94043
Item 2(a) Name of Person Filing:
Arbitrade LLC
Deephaven Market Neutral Trading LP
Deephaven Market Neutral Fund Limited
Deephaven Opportunity Trading Fund LP
Colin Smith
Item 2(b) Address of Principal Business Office:
c/o Arbitrade Holdings LLC
130 Cheshire Lane, Suite 102
Minnetonka, MN 55305
Item 2(c) Citizenship:
Arbitrade LLC (Illinois, USA)
Deephaven Market Neutral Trading LP (Illinois, USA)
Deephaven Market Neutral Fund Limited (British Virgin Islands)
Deephaven Opportunity Trading Fund LP (British Virgin Islands)
Colin Smith (USA)
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
985837 10 3
7
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Item 3 The person filing is a:
Arbitrate LLC (BD)
Deephaven Market Neutral Trading LP (BD)
Deephaven Market Neutral Fund Limited (PN)
Deephaven Opportunity Trading Fund LP (BD)
Colin Smith (IN)
If this statement is filed pursuant to Rule 13d-1(c), check
this box. [x]
Item 4 Ownership:
See Items 5-11 of each cover page
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 persons have ceased to be beneficial owners
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:
See Schedule A for a listing of control persons of the Reporting
Persons which persons may be deemed to be indirect beneficial owners
of the securities reported herein.
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:
See Item 5-12 of each cover page.
This statement is being filed by the parties hereto, including
Deephaven Market Neutral Trading LP, Deephaven Market Neutral Fund
Limited, and Deephaven Opportunity Trading Fund LP (collectively
referred to as the "Private Investment Partnership Entities"). The
Private Investment Partnership Entities are separately managed by
affiliates of Arbitrade Holdings LLC, (the "managers") Colin Smith is
a trader employed by the managers. Arbitrade LLC is an affiliate of
Arbitrade Holdings LLC and is a proprietary trading vehicle.
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
8
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acquired in the ordinary course of business and were not acquired for
the purpose of and do not have the effect of changing or influencing
the control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes 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.
Date: November 4, 1999
Arbitrade LLC
By: /s/ Gary Sobczak
Deephaven Market Neutral Trading LP
By: /s/ Gary Sobczak
Deephaven Market Neutral Fund Limited
By: /s/ Gary Sobczak
Deephaven Opportunity Trading Fund LP
By: /s/ Gary Sobczak
/s/ Colin Smith
Colin Smith
9
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Schedule A
Control Persons of:
1. Deephaven Market Neutral Trading LP (an Illinois limited partnership)
- Deephaven Market Neutral Fund Limited (a British Virgin Islands
corporation)
- Deephaven Capital Management LLC (a Delaware limited liability
company)
2. Deephaven Market Neutral Fund Limited (a British Virgin Islands
corporation)
- Deephaven Capital LLC (a Delaware limited liability company)
3. Deephaven Opportunity Trading Fund LP (a British Virgin Islands
partnership)
- Deephaven Opportunity Fund LLC (a Delaware limited liability
company)
- Deephaven Opportunity Fund Limited (a British Virgin Islands
company)
- Deephaven Investment Advisers LLC (a Delaware LLC)
4. Deephaven Capital Management LLC, Deephaven Capital LLC, and Deephaven
Investment Advisers LLC
- Arbitrade Holdings LLC (a Delaware LLC)
5. Arbitrade Holdings LLC
- Irvin Kessler, Merrill Ferguson, Efraim Gildor, Peter Hajas, and
Mark Lyons.
All can be reached at:
- c/o Arbitrade Holdings LLC
130 Cheshire Lane, Suite 102
Minnetonka, MN 55305
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