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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)*
uBid, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
903469 10 4
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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. 903469 10 4 13G PAGE 2 OF 5 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank F. Khulusi
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States of America
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SOLE VOTING POWER
5
NUMBER OF 1,306,121 (including 58,740 shares subject to
options exercisable within 60 days of 12/31/99)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
None
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,306,121 (including 58,740 shares subject to
options exercisable within 60 days of 12/31/99)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
None
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,306,121 (including 58,740 shares subject to options exercisable
within 60 days of 12/31/99)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
11.3%
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TYPE OF REPORTING PERSON*
12
IN
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Item 1(a) Name of Issuer:
uBid, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
8550 West Bryn Mawr Avenue
Suite 200
Chicago, IL 60631
Item 2(a) Name of Person Filing:
Frank F. Khulusi
Item 2(b) Address of Principal Business Office or, if none, Residence:
2555 W. 190th Street
Torrance, California 90504
Item 2(c) Citizenship:
United States of America
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
903469 10 4
Item 3 Not applicable.
Item 4 Ownership.
(a) Amount of Beneficially Owned: 1,306,121 (including 58,740
shares subject to options exercisable within 60 days of
12/31/99)
(b) Percent of Class: 11.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,306,121 (including 58,740 shares subject to options
exercisable within 60 days of 12/31/99)
(ii) shared power to vote or to direct the vote:
0
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(iii) sole power to dispose or to direct the disposition of:
1,306,121 (including 58,740 shares subject to options
exercisable within 60 days of 12/31/99)
(iv) shared power to dispose or to direct the disposition
of:
0
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 not acquired and
are not held for the purpose of or with the effect of changing or
influencing 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
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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: February 11, 2000
/s/ Frank F. Khulusi
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Frank F. Khulusi
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