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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. 2)
SIERRACITIES.COM INC.
(FORMERLY FIRST SIERRA FINANCIAL, INC.)
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
826521 10 6
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1 (b)
[ ] Rule 13d-1 (c)
[X] 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
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. 826521 10 6 Page 2 of 11
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NAME OF REPORTING PERSON
REDSTONE GROUP, LTD.
S.S. OR I.R.S. IDENTIFICATION NO.OF ABOVE PERSON
Not Applicable
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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|
| 5. SOLE VOTING POWER
NUMBER OF |
| 1,183,151
SHARES |
| 6. SHARED VOTING POWER
BENEFICIALLY |
| -0-
OWNED BY |
| 7. SOLE DISPOSITIVE POWER
EACH |
| 1,183,151
REPORTING |
| 8. SHARED DISPOSITIVE POWER
PERSON |
| -0-
WITH |
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,183,151
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.22%
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12. TYPE OF REPORTING PERSON*
PN
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CUSIP NO. 826521 10 6 Page 3 of 11
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1. NAME OF REPORTING PERSON
REDSTONE, INC.
S.S. OR I.R.S. IDENTIFICATION NO.OF ABOVE PERSON
Not Applicable
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OFA GROUP*
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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|
NUMBER OF | 5. SOLE VOTING POWER
|
SHARES | 1,183,151
|
BENEFICIALLY | 6. SHARED VOTING POWER
|
OWNED BY | -0-
|
EACH | 7. SOLE DISPOSITIVE POWER
|
REPORTING | 1,183,151
|
PERSON | 8. SHARED DISPOSITIVE POWER
|
WITH | -0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,183,151
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.22%
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12. TYPE OF REPORTING PERSON*
CO
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CUSIP NO. 826521 10 6 Page 4 of 11
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1. NAME OF REPORTING PERSON
DAVID L. SOLOMON
S.S. OR I.R.S. IDENTIFICATION NO.OF ABOVE PERSON
Not Applicable
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OFA GROUP*
(a)[ ]
(b)[X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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|
NUMBER OF | 5. SOLE VOTING POWER
|
SHARES | 629,849
|
BENEFICIALLY | 6. SHARED VOTING POWER
|
OWNED BY | 1,183,151
|
EACH | 7. SOLE DISPOSITIVE POWER
|
REPORTING | 629,849
|
PERSON | 8. SHARED DISPOSITIVE POWER
|
WITH | 1,183,151
|
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,813,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.53%
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12. TYPE OF REPORTING PERSON*
IN
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CUSIP NO. 826521 10 6 Page 5 of 11
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1. NAME OF REPORTING PERSON
DAVID C. SHINDELDECKER
S.S. OR I.R.S. IDENTIFICATION NO.OF ABOVE PERSON
Not Applicable
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OFA GROUP*
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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|
NUMBER OF | 5. SOLE VOTING POWER
|
SHARES | 84,867
|
BENEFICIALLY | 6. SHARED VOTING POWER
|
OWNED BY | 1,183,151
|
EACH | 7. SOLE DISPOSITIVE POWER
|
REPORTING | 84,867
|
PERSON | 8. SHARED DISPOSITIVE POWER
|
WITH | 1,183,151
|
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,268,018
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.66%
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12. TYPE OF REPORTING PERSON*
IN
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CUSIP NO. 826521 10 6 Page 6 of 11
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Item 1(a) Name of Issuer:
SierraCities.com Inc.
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Item 1(b) Address of Issuer's Principal Executive Offices:
600 Travis Street, Suite 7050
Houston, Texas 77002
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Item 2(a) Name of Person Filing:
Redstone Group, Ltd., a Texas limited
partnership, Redstone, Inc., a Texas
corporation, that is also the sole general
partner of Redstone Group, Ltd., David L.
Solomon and David C. Shindeldecker. Mr. Solomon
and Mr. Shindeldecker are each executive
officers and the sole shareholders of Redstone,
Inc., the sole general partner of Redstone
Group, Ltd., and each have the power to direct
the disposition or votes of the shares of
Common Stock of First Sierra Financial, Inc.
that are the subject of this Schedule 13(G).
Each of such persons are hereinafter referred
to collectively as `Reporting Person.'
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Item 2(b) Address of Principal Business Office:
109 North Post Oak Lane, Suite 200
Houston, Texas 77024
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Item 2 (c) Citizenship:
Redstone Group, Ltd. Is a Texas limited
partnership. Redstone, Inc. is a Texas
corporation. Messrs. Solomon and Shindeldecker
are each citizens of the United States of
America.
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Item 2(d) Title of Class of Securities:
Common Stock, $0.01 par value
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Item 2 (e) CUSIP Number:
826521 10 6
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CUSIP NO. 826521 10 6 Page 7 of 11
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Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of
the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19)
of the Act.
(d) [ ] Investment Company registered under Section 8
of the Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(D);
(f) [ ] An employee benefit plan endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act;
(i) [ ] A 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)()(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. [ ]
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Item 4(a) Amounts Beneficially Owned:
Redstone Group, Ltd. 1,183,151
Redstone, Inc. 1,183,151
David L. Solomon 1,813,000
David C. Shindeldecker 1,268,018
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CUSIP NO. 826521 10 6 Page 8 of 11
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Item 4(b) Percent of Class:
Redstone Group, Ltd. 6.22%
Redstone, Inc. 6.22%
David L. Solomon 9.53%
David C. Shindeldecker 6.66%
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Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Redstone Group, Ltd. 1,183,151
Redstone, Inc. 1,183,151
David L. Solomon 629,849
David C. Shindeldecker 84,867
(ii) shared power to vote or to direct the vote:
Redstone Group, Ltd. -0-
Redstone, Inc. -0-
David L. Solomon 1,183,151
David C. Shindeldecker 1,183,151
(iii) sole power to dispose or to direct the disposition of:
Redstone Group, Ltd. 1,183,151
Redstone, Inc. 1,183,151
David L. Solomon 629,849
David C. Shindeldecker 84,867
(iv) shared power to dispose or to direct the disposition of:
Redstone Group, Ltd. -0-
Redstone, Inc. -0-
David L. Solomon 1,183,151
David C. Shindeldecker 1,183,151
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: [ ]
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CUSIP NO. 826521 10 6 Page 10 of 11
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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, each of the reporting persons certify that, to the
best of my knowledge and belief, the securities referred to above
were 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 purpose or effect.
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CUSIP NO. 826521 10 6 Page 9 of 11
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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.
Dated: February 11, 2000
REDSTONE GROUP, LTD.
By: Redstone, Inc., General Partner
By: /s/ IVANA SHUMBERG
------------------------------
Ivana Shumberg
Executive Vice President
REDSTONE, INC.
By: /s/ IVANA SHUMBERG
------------------------------
Ivana Shumberg
Executive Vice President
/s/ DAVID L. SOLOMON
------------------------------
David L. Solomon
/s/ DAVID C. SHINDELDECKER
------------------------------
David C. Shindeldecker
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EXHIBIT INDEX
Exhibit 99.1 -- Joint Filing Agreement dated February 11, 2000
<PAGE> 1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)(1)
The undersigned acknowledge and agree that the foregoing statement
on Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on
behalf of each of the undersigned and that all subsequent amendments to this
statement on Schedule 13G shall be filed on behalf of each of the undersigned
without the necessity of filing additional joint filing agreements. The
undersigned acknowledge that each shall be responsible for the timeline filing
of such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate. This Agreement may be executed in any number of counterparts and
all of such counterparts taken together shall constitute one and the same
instrument.
Date: February 11, 2000
REDSTONE GROUP, LTD.
By: Redstone, Inc., General Partner
By: /s/ IVANA SHUMBERG
------------------------------
Ivana Shumberg
Executive Vice President
REDSTONE, INC.
By: /s/ IVANA SHUMBERG
------------------------------
Ivana Shumberg
Executive Vice President
/s/ DAVID L. SOLOMON
------------------------------
David L. Solomon
/s/ DAVID C. SHINDELDECKER
------------------------------
David C. Shindeldecker
