<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-[102])
Information To Be Included in Statements Filed
Pursuant to Rules 13d-1(b)(c), and (d) and
Amendments Thereto Filed Pursuant to 13d-2(b)
(Amendment No. __________)(1)
DISPATCH MANAGEMENT SERVICES CORP.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
254927 10 6
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(CUSIP Number)
October 31, 2000
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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:
/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)
----------------------
(1) 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 1 of 13 Pages
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Page 2 of 13 Pages
SCHEDULE 13G
CUSIP No. 254927 10 6
--------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Cantor Fitzgerald & Co.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES
-----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,548,000 shares of Common Stock
EACH
-----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,548,000 shares of Common Stock
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,548,000 shares of Common Stock
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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)
12.2%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 13 Pages
SCHEDULE 13G
CUSIP No. 254927 10 6
--------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Cantor Fitzgerald Securities
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES
-----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,548,000 shares of Common Stock
EACH
-----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,548,000 shares of Common Stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,548,000 shares of Common Stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.2%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 4 of 13 Pages
SCHEDULE 13G
CUSIP No. 254927 10 6
-------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Cantor Fitzgerald, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES
-----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,548,000 shares of Common Stock
EACH
-----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,548,000 shares of Common Stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,548,000 shares of Common Stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.2%
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12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 5 of 13 Pages
SCHEDULE 13G
CUSIP No. 254927 10 6
-------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
CF Group Management, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES
-----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,548,000 shares of Common Stock
EACH
-----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,548,000 shares of Common Stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,548,000 shares of Common Stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.2%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 6 of 13 Pages
SCHEDULE 13G
CUSIP No. 254927 10 6
-------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Howard W. Lutnick
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES
-----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,548,000 shares of Common Stock
EACH
-----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,548,000 shares of Common Stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,548,000 shares of Common Stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 7 of 13 Pages
SCHEDULE 13G
Item 1(a). Name of Issuer:
--------------------------
Dispatch Management Services Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------------------
1981 Marcus Avenue, Suite C131
Lake Success, New York 11042
Item 2(a). Name of Person Filing:
---------------------------------
The information required by this Item is set forth in Appendix 1 attached
hereto.
This statement is being filed pursuant to a Joint Filing Agreement
(attached as Exhibit 1 and incorporated herein by reference) by (i) Cantor
Fitzgerald & Co. ("CF&Co "), (ii) Cantor Fitzgerald Securities ("CFS"), the
managing partner of CF&Co, (iii) Cantor Fitzgerald, L.P. ("CFLP"), the
managing partner of CFS, (iv) CF Group Management, Inc. ("CFGM"), the
managing general partner of CFLP and (v) Howard W. Lutnick, the sole
shareholder of CFGM (sometimes collectively referred to as the "Reporting
Persons").
Item 2(b). Address of Principal Business Office or, if none, Residence:
-----------------------------------------------------------------------
The information required by this Item is set forth in Appendix 1 attached
hereto.
Item 2(c). Citizenship:
-----------------------
The information required by this Item is set forth in Appendix 1 attached
hereto.
Item 2(d). Title of Class of Securities:
----------------------------------------
Common Stock, par value $.01 per share.
Item 2(e). CUSIP Number:
------------------------
254927 10 6
Item 3.
------
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c),
check whether the person filing is a:
(a) /X/ Broker or Dealer registered under Section 15 of the Exchange Act
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act
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Page 8 of 13 Pages
(c) / / Insurance company as defined in Section 3(a)(19) of the Exchange
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)(E)
(f) / / An employee benefit plan or 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)(1)(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)(1)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check this box. / /
Item 4. Ownership:
------------------
The following information is provided as of October 31, 2000:
As a result of the relationships set forth in Item 2(a) of this Schedule 13G,
each of CF&Co, CFS, CFLP, CFGM and Howard W. Lutnick may be deemed to have
shared voting and shared dispositive power with respect to an aggregate of
1,548,000 shares of Common Stock of the Issuer owned of record by CF&Co. The
following sets forth in tabular format the share ownership of the Reporting
Persons:
(a) Amount Beneficially Owned:
Each of CF&Co, CFS, CFLP, CFGM and Howard W. Lutnick is the
beneficial owner of an aggregate of 1,548,000 shares of Common
Stock, par value $0.01 per share, of the Issuer.
(b) Percent of Class:
12.2% for each of CF&Co, CFS, CFLP, CFGM and Howard W. Lutnick
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares for each of CF&Co, CFS, CFLP, CFGM and Howard W.
Lutnick
<PAGE>
Page 9 of 13 Pages
(ii) shared power to vote or to direct the vote:
1,548,000 shares for each of CF&Co, CFS, CFLP, CFGM and
Howard W. Lutnick
(iii) sole power to dispose or to direct the disposition of:
0 shares for each of CF&Co, CFS, CFLP, CFGM and Howard W.
Lutnick
(iv) shared power to dispose or to direct the disposition of:
1,548,000 shares for each of CF&Co, CFS, CFLP, CFGM and
Howard W. Lutnick
Item 5. Ownership of Five Percent or Less of a Class:
------------------------------------------------------
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
-------------------------------------------------------------------------
No other person has the right to receive or the power to direct the receipt
of dividends from, or proceeds from the sale of, the securities
beneficially owned by CF&Co, CFS, CFLP, CFGM and Howard W. Lutnick.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company:
--------------------------------------------------------------
Inapplicable.
Item 8. Identification and Classification of Members of the Group:
-------------------------------------------------------------------
Inapplicable.
Item 9. Notice of Dissolution of Group:
----------------------------------------
Inapplicable.
Item l0. Certification:
-----------------------
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and 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.
<PAGE>
Page 10 of 13 Pages
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.
November 9, 2000
Cantor Fitzgerald & Co.
By: Cantor Fitzgerald Securities, its
managing partner
By: Cantor Fitzgerald, L.P., its
managing partner
By: CF Group Management, Inc., its managing
general partner
By: /s/ Howard W. Lutnick
--------------------------
Name: Howard W. Lutnick
Title: President
Cantor Fitzgerald Securities
By: Cantor Fitzgerald, L.P., its
managing partner
By: CF Group Management, Inc., its managing
general partner
By: /s/ Howard W. Lutnick
-------------------------------------------
Name: Howard W. Lutnick
Title: President
Cantor Fitzgerald, L.P.
By: CF Group Management, Inc., its
managing general partner
By: /s/ Howard W. Lutnick
-------------------------------------------
Name: Howard W. Lutnick
Title: President
CF Group Management, Inc.
By: /s/ Howard W. Lutnick
-------------------------------------------
Name: Howard W. Lutnick
Title: President
/s/ Howard W. Lutnick
-------------------------------
Howard W. Lutnick
<PAGE>
Page 12 of 13 Pages
Exhibit 1
JOINT FILING AGREEMENT
Pursuant to and in accordance with Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934, the undersigned hereby agree to jointly file the Schedule
13G dated November 9, 2000 and any amendments thereto with respect to the
beneficial ownership by each of the undersigned of shares of Class A Common
Stock of eSpeed, Inc. Such joint filings may be executed by one or more of us on
behalf of each of the undersigned.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Executed this day of November 9, 2000.
Cantor Fitzgerald & Co.
By: Cantor Fitzgerald Securities, its
managing partner
By: Cantor Fitzgerald, L.P., its
managing partner
By: CF Group Management, Inc., its managing
general partner
By: /s/ Howard W. Lutnick
--------------------------
Name: Howard W. Lutnick
Title: President
Cantor Fitzgerald Securities
By: Cantor Fitzgerald, L.P., its
managing partner
By: CF Group Management, Inc., its managing
general partner
By: /s/ Howard W. Lutnick
-------------------------------------------
Name: Howard W. Lutnick
Title: President
Cantor Fitzgerald, L.P.
By: CF Group Management, Inc., its
managing general partner
By: /s/ Howard W. Lutnick
-------------------------------------------
Name: Howard W. Lutnick
Title: President
CF Group Management, Inc.
By: /s/ Howard W. Lutnick
-------------------------------------------
Name: Howard W. Lutnick
Title: President
/s/ Howard W. Lutnick
-------------------------------
Howard W. Lutnick
<PAGE>
Page 13 of 13 Pages
Appendix 1
ADDRESS, ORGANIZATION AND PRINCIPAL BUSINESS OF EACH REPORTING PERSON REQUIRED
BY ITEM 2(a),(b), and (c)
<TABLE>
<CAPTION>
NAME OF PERSON FILING PRINCIPAL BUSINESS AND OFFICE PLACE OF ORGANIZATION
ADDRESS
<S> <C> <C>
Cantor Fitzgerald & Co. One World Trade Center New York general partnership
104th Floor
New York, NY 10048
Cantor Fitzgerald Securities One World Trade Center New York general partnership
105th Floor
New York, NY 10048
Cantor Fitzgerald, L.P. One World Trade Center Delaware limited partnership
105th Floor
New York, NY 10048
CF Group Management, Inc. One World Trade Center New York corporation
105th Floor
New York, NY 10048
Howard W. Lutnick c/o One World Trade Center United States citizen
105th Floor
New York, NY 10048
</TABLE>
