UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Final Amendment
EXCHANGE APPLICATIONS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
300867
(CUSIP Number)
January 7, 2000
(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 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).
<PAGE>
CUSIP No. 300867
================================================================================
1. Names of Reporting Persons. WEXFORD INSIGHT LLC
I.R.S. Identification Nos. of Above Persons (entities only)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power 0
Beneficially ----------------------------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting ----------------------------------------------------------
Person With 7. Sole Dispositive Power 0
----------------------------------------------------------
8. Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 0
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) CO
================================================================================
Page 2 of 9 Pages
<PAGE>
CUSIP No. 300867
================================================================================
1. Names of Reporting Persons. CHARLES E. DAVIDSON
I.R.S. Identification Nos. of Above Persons (entities only)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power 0
Beneficially ----------------------------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting ----------------------------------------------------------
Person With 7. Sole Dispositive Power 0
----------------------------------------------------------
8. Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 0
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) IN
================================================================================
Page 3 of 9 Pages
<PAGE>
CUSIP No. 300867
================================================================================
1. Names of Reporting Persons. JOSEPH M. JACOBS
I.R.S. Identification Nos. of Above Persons (entities only)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power 0
Beneficially ----------------------------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting ----------------------------------------------------------
Person With 7. Sole Dispositive Power 0
----------------------------------------------------------
8. Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 0
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) IN
================================================================================
Page 4 of 9 Pages
<PAGE>
CUSIP No. 300867
================================================================================
1. Names of Reporting Persons. WEXFORD MANAGEMENT LLC
I.R.S. Identification Nos. of Above Persons (entities only)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization Connecticut
- --------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power 0
Beneficially ----------------------------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting ----------------------------------------------------------
Person With 7. Sole Dispositive Power 0
----------------------------------------------------------
8. Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 0
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions) CO
================================================================================
Page 5 of 9 Pages
<PAGE>
Item 1.
(a) The name of the issuer is EXCHANGE APPLICATIONS INC. (the "Issuer").
(b) The principal executive office of the Issuer is located at 89 South
Street, Boston, MA 02111.
Item 2.
(a) This statement is being filed by (i) Wexford Insight LLC, a Delaware
limited liability company ("Wexford Insight"), (ii) Wexford
Management LLC, a Connecticut limited liability company ("Wexford
Management"), (iii) Charles B. Davidson and (iv) Joseph M. Jacobs
(the individuals and entities referred to above, collectively, the
"Reporting Persons"). Pursuant to a Consulting Agreement dated as of
June 1, 1996 between InSight Venture Management Inc. ("Insight") and
Wexford Insight, Insight was granted a proxy to vote all of the
shares of Common Stock held by Wexford Insight for certain matters
until six months after the completion of a public offering of at
least 25% of the capital stock of the Issuer on a fully-diluted
basis. Following the completion of such public offering, Wexford
Insight filed a joint Schedule 13G with Insight and its affiliates on
February 11, 1999 to disclose such proxy. The proxy terminated as of
June 24, 1999 and since such date, Wexford Insight has been free to
vote the shares of the Common Stock owned by it in its own
discretion.
(b) The principal business and office address for the Reporting Persons
is c/o Wexford Management LLC, 411 West Putnam Avenue, Suite 125,
Greenwich, Connecticut 06930.
(c) Wexford Insight is a Delaware limited liability company, the members
of which are private investment funds. Wexford Insight was organized
for the purpose of making various investments.
Wexford Management, a Connecticut limited liability company, is a
registered Investment Advisor and the manager of certain members of
Wexford Insight. Wexford Management also serves as an investment
advisor or sub-advisor to certain members of Wexford Insight.
Charles E. Davidson, a United States citizen, is chairman, a managing
member and a controlling member of Wexford Management. Mr. Davidson
is a controlling person or an investor in a number of private
companies, including certain members of Wexford Insight.
Joseph M. Jacobs, a United States citizen, is president, a managing
member and a controlling member of Wexford Management. Mr. Jacobs is
a controlling person or an investor in a number of private companies,
including certain members of Wexford Insight.
(d) The class of securities to which this statement relates is Common
Stock.
(e) The CUSIP number of the Common Stock is 300867.
Item 3.
If this statement is filed pursuant to rule 240.13d- 1(b), or 240.13d-2(b) or
(c), check whether the person filing is a:
(a) ___ Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) ___ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) ___ Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
Page 6 of 9 Pages
<PAGE>
(d) ___ Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) ___ An investment adviser in accordance with 240.13d- 1(b)(1)(ii)(E).
(f) ___ An employee benefit plan or endowment fund in accordance with
240.13d-1(b)(1)(ii)(F).
(g) ___ A parent holding company or control person in accordance with
240.13d-1(b)(1)(ii)(G)
(h) ___ A savings association as defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) ___ A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) ___ Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 240.13d-1(c), check this box. /_X_/.
Item 4. Ownership. As of the date on this filing, none of the reporting
persons owns any securities of the issuer.
Page 7 of 9 Pages
<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 person has ceased to be the beneficial owner 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
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.
Page 8 of 9 Pages
<PAGE>
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 the 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.
Dated: February 1, 2000
WEXFORD INSIGHT LLC
By: Wexford Management, LLC , manager
By: /s/Arthur H. Amron
---------------------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD MANAGEMENT LLC
By: /s/Arthur H. Amron
---------------------------------
Name: Arthur H. Amron
Title: Senior Vice President
/s/Charles E. Davidson
-----------------------------------
CHARLES E. DAVIDSON
/s/Joseph M. Jacobs
-----------------------------------
JOSEPH M. JACOBS
Page 9 of 9 Pages
