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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
NETGURU, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
64111K107
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(CUSIP Number)
John J. Pepin
1817 Riverdale
Germantown, TN 38138
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 16, 2000
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(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-l(e), 240.13d-l(f)
or 240.13d-l(g), check the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See ss.
240.13d-7 for other parties to whom copies are to be sent.
* 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).
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CUSIP No. 64111K107
<TABLE>
<S> <C>
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
John J. Pepin
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................................... |X|
(b).......................................................................................... [ ]
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3. SEC Use Only............................................................................
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4. Source of Funds (See Instructions)..........PF, AF, OO..................................
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5. Check if Disclosure or Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)..... [ ]
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6. Citizenship or Place of Organization........United States...............................
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7. Sole Voting Power 103,500
Number of
Shares
Beneficially 8. Shared Voting Power 0
Owned by
Each
Reporting 9. Sole Dispositive Power 103,500
Person
With 10. Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 103,500
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)...... [ ]
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13. Percent of Class Represented by Amount in Row (11) 0.7%
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14. Type of Reporting Person (See Instructions)
John J. Pepin IN
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</TABLE>
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<TABLE>
<S> <C>
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Jonathan Page
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................................... |X|
(b).......................................................................................... [ ]
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3. SEC Use Only............................................................................
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4. Source of Funds (See Instructions)..........PF, AF, OO..................................
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5. Check if Disclosure or Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)..... [ ]
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6. Citizenship or Place of Organization........United States...............................
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7. Sole Voting Power 16,900
Number of
Shares
Beneficially 8. Shared Voting Power 0
Owned by
Each
Reporting 9. Sole Dispositive Power 16,900
Person
With 10. Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 16,900
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions).... [ ]
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13. Percent of Class Represented by Amount in Row (11) 0.1%
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14. Type of Reporting Person (See Instructions)
Jonathan Page IN
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</TABLE>
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<TABLE>
<S> <C>
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Pegasus Fund, L.P.
Tax ID No. 62-1604885
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................................... |X|
(b).......................................................................................... [ ]
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3. SEC Use Only............................................................................
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4. Source of Funds (See Instructions)..........OO..........................................
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5. Check if Disclosure or Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)..... [ ]
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6. Citizenship or Place of Organization........United States...............................
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7. Sole Voting Power 0
Number of
Shares
Beneficially 8. Shared Voting Power 0
Owned by
Each
Reporting 9. Sole Dispositive Power 0
Person
With 10. Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 0
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions).... [ ]
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13. Percent of Class Represented by Amount in Row (11) 0%
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14. Type of Reporting Person (See Instructions)
Pegasus Fund, L.P. PN
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</TABLE>
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<TABLE>
<S> <C>
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Pegasus Management, LLC
Tax I.D. No. 62-1604883
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................................... |X|
(b).......................................................................................... [ ]
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3. SEC Use Only............................................................................
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4. Source of Funds (See Instructions)..........AF..........................................
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5. Check if Disclosure or Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)..... [ ]
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6. Citizenship or Place of Organization........United States...............................
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7. Sole Voting Power 0
Number of
Shares
Beneficially 8. Shared Voting Power 0
Owned by
Each
Reporting 9. Sole Dispositive Power 0
Person
With 10. Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 0
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions).... [ ]
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13. Percent of Class Represented by Amount in Row (11) 0%
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14. Type of Reporting Person (See Instructions)
Pegasus Management, LLC OO
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</TABLE>
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This Amendment No. 1 supplements and amends the original filing on Schedule 13D
by Pegasus Fund, L.P. (the "Partnership"), Pegasus Management, LLC (the "LLC"),
John Pepin ("Pepin") and Jonathan Page ("Page") (collectively, the "Parties")
filed with the Securities and Exchange Commission on December 4, 2000 (the
"Original Filing"). This Amendment No. 1 is being filed to reflect a change in
the beneficial ownership of the Parties in the common stock of netGuru, Inc.
(the "Company"). This Amendment No. 1 supplements and amends the Original Filing
only with respect to Item 5 and Item 6 as set forth below. All other Items are
unchanged from the Original Filing. All capitalized terms not otherwise defined
herein shall have the meanings ascribed thereto in the Original Filing.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Based on the most recently available information, the Partnership's
aggregate beneficial ownership of common stock of the Company at the
date of this filing is 0 shares, or 0% of the number of shares
outstanding. The LLC's aggregate beneficial ownership is 0 shares, or
0% of the shares outstanding. Pepin's aggregate beneficial ownership of
common stock of the Company is 103,500 or 0.7% of the shares
outstanding. Page's aggregate beneficial ownership of common stock of
the Company is 16,900, or 0.1% of the shares outstanding.
(b) The Partnership has the sole voting and disposition power with respect
to 0 shares of the Company. As managing partner of the Partnership, the
LLC has voting and disposition power over 0 shares on behalf of the
Partnership.
Pepin has the sole power to vote and dispose of 130,500 shares of the
Company. Page has the sole power to vote and dispose of 16,900 shares
of the Company.
(c) None.
(d) The Partnership entered into a securities account margin agreement with
J.C. Bradford & Co. ("Bradford") in 1995. In 1999, Bradford was
acquired by Paine Webber, Inc. ("PaineWebber"). Per the terms of the
margin agreement, PaineWebber, as successor to J.C. Bradford, has the
power to liquidate any securities held for the benefit of the
Partnership, should the Partnership fail to meet minimum account
maintenance requirements. At November 16, 2000, the Partnership was
unable to meet its minimum maintenance requirements, and PaineWebber,
under the terms of the margin agreement, sold 1,302,305 shares on
Company's stock previously beneficially owned by the Partnership. None
of the Parties were consulted by PaineWebber prior to this transaction
and none of the Parties consented to the transaction. Additionally,
the proceeds of the transaction were used by PaineWebber to offset a
negative margin account balance of the Partnership.
Additionally, Page maintained a securities account margin agreement
with Bradford, and then with PaineWebber as successor, that allowed
PaineWebber to liquidate any securities held for the benefit of Page,
should Page fail to meet minimum account maintenance requirements. At
November 16, 2000, Page was unable to meet his minimum maintenance
requirements, and PaineWebber, under the terms of the margin agreement,
sold 69,600 shares on Company's stock previously beneficially owned by
Page. Page was not consulted by PaineWebber prior to this transaction
and Page did not consent to the transaction.
(e) Based upon the event described in paragraph (d), each of the Parties
ceased to be the beneficial owner of greater than 5% of the Company's
securities on November 16, 2000.
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
The LLC is the sole general partner of the Partnership, and, as such, has the
power to vote or direct the vote of the shares on behalf of the Partnership.
Pepin and Page each own 50% of the LLC and Pepin is the Chief Manager of the
LLC, and, as such, both Pepin and Page have the power to direct the LLC to vote
or dispose of the share on behalf of the Partnership.
The Partnership entered into a securities account margin agreement with Bradford
in 1995. In 1999, Bradford was acquired by PaineWebber. Per the terms of the
margin agreement, PaineWebber, as successor to Bradford, has the power to
liquidate any securities held for the benefit of the Partnership, should the
Partnership fail to meet minimum account maintenance requirements. At November
16, 2000, the Partnership was unable to meet its minimum maintenance
requirements, and PaineWebber, under the terms of the margin agreement, sold
1,302,305 shares on Company's stock previously beneficially owned by the
Partnership. None of the Parties were consulted by PaineWebber prior to this
transaction and none of the Parties consented to the transaction. Additionally,
the proceeds of the transaction were used by PaineWebber to offset a negative
margin account balance of the Partnership.
Additionally, Page maintained a securities account margin agreement with
Bradford, and then with PaineWebber as successor, that allowed PaineWebber to
liquidate any securities held for the benefit of Page, should Page fail to meet
minimum account maintenance requirements. At November 16, 2000, Page was unable
to meet his minimum maintenance requirements, and PaineWebber, under the terms
of the margin agreement, sold 69,600 shares on Company's stock previously
beneficially owned by Page. Page was not consulted by PaineWebber prior to this
transaction and Page did not consent to the transaction.
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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.
December 1, 2000
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Date
/s/ John Pepin
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Signature
John Pepin
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Name/Title
December 1, 2000
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Date
/s/ Jonathan Page
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Signature
Jonathan Page
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Name/Title
December 1, 2000
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Date
Pegasus Fund, L.P.
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Name/Title
By: Pegasus Management, LLC, its General Partner
By: /s/ John Pepin
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John Pepin, Chief Manager
December 1, 2000
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Date
Pegasus Management, LLC
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Name/Title
By: /s/ John Pepin
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John Pepin, Chief Manager
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The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
