<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
CHASTAIN CAPITAL CORP.
----------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
161697107
---------
(CUSIP Number)
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 (the "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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
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CUSIP No. 161697107 13G Page 2 of 13 Pages
- -------- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
K Capital Partners, LLC
- -------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ------ ----------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
258,000 shares
------ ----------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------ ----------------------------------------------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 258,000 shares
------ ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
258,000 shares
- -------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.51%
- -------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING (SEE INSTRUCTIONS)
OO
- -------- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>
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CUSIP No. 161697107 13G Page 3 of 13 Pages
- -------- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
K Capital Partners I, L.P.
- -------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ------ ----------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
5,242 shares
------ ----------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------ ----------------------------------------------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 5,242 shares
------ ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,242 shares
- -------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.07%
- -------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING (SEE INSTRUCTIONS)
PN
- -------- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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CUSIP No. 161697107 13G Page 4 of 13 Pages
- -------- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
K Capital Partners II, L.P.
- -------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ------ ----------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
245,591 shares
------ ----------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------ ----------------------------------------------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 245,591 shares
------ ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
245,591 shares
- -------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.34%
- -------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING (SEE INSTRUCTIONS)
PN
- -------- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>
<CAPTION>
CUSIP No. 161697107 13G Page 5 of 13 Pages
- -------- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
K Capital Offshore Master Fund (U.S. Dollar), L.P.
- -------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- -------------------------- ------ ----------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
7,167 shares
------ ----------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------ ----------------------------------------------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 7,167 shares
------ ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,167 shares
- -------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.10%
- -------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING (SEE INSTRUCTIONS)
PN
- -------- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>
<CAPTION>
CUSIP No. 161697107 13G Page 6 of 13 Pages
- -------- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harwich Capital Partners, LLC
- -------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ------ ----------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
258,000 shares
------ ----------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------ ----------------------------------------------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 258,000 shares
------ ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
258,000 shares
- -------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.51%
- -------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING (SEE INSTRUCTIONS)
OO
- -------- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>
<CAPTION>
CUSIP No. 161697107 13G Page 7 of 13 Pages
- -------- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas Knott
- -------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- -------------------------- ------ ----------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
258,000 shares
------ ----------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------ ----------------------------------------------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 258,000 shares
------ ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
258,000 shares
- -------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.51%
- -------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING (SEE INSTRUCTIONS)
IN
- -------- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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<CAPTION>
CUSIP No. 161697107 13G Page 8 of 13 Pages
- -------- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Abner Kurtin
- -------- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- -------------------------- ------ ----------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
258,000 shares
------ ----------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ------ ----------------------------------------------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 258,000 shares
------ ----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
258,000 shares
- -------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.51%
- -------- -----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING (SEE INSTRUCTIONS)
IN
- -------- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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CUSIP No. 161697107 13G Page 9 of 13 Pages
Item 1(a). NAME OF ISSUER:
Chastain Capital Corp.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3424 Peachtree Rd.
Atlanta, GA 30326
ITEM 2(A). NAME OF PERSON(S) FILING:
K Capita Partners, LLC (General Partner)
K Capital I, L.P. (Limited Partnership)
K Capital II, L.P. (Limited Partnership)
K Capital Offshore Master Fund (U.S. Dollar), L.P.,
(Limited Partnership)
Harwich Capital Partners LLC (Managing Member of
General Partner)
Thomas Knott (Managing Member)
Abner Kurtin (Managing Member)
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Each of the above Reporting Persons have their business
address at:
441 Stuart Street, 6th Floor
Boston, MA 02116
ITEM 2(C). CITIZENSHIP:
Mr. Knott and Mr. Kurtin are United States Citizens. General
Partner, K Capital I, L.P. and K Capital II, L.P. and the
Managing Member were incorporated in Delaware. K Capital
Offshore Master Fund (U.S. Dollar), L.P. was organized in the
Cayman Islands.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
CUSIP No. 161697107
ITEM 3. STATUS IF FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c):
If this statement is filed pursuant to Rule 13d-1(c),
check this box /x/
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CUSIP No. 161697107 13G Page 10 of 13 Pages
ITEM 4. OWNERSHIP(1):
As of January 4, 2000, the Partnerships may be deemed to beneficially
own 258,000 shares of common stock of Chastain Capital Corp. Based upon their
being 7,346,778 shares of Common Stock outstanding, the shares of Common Stock
which the Partnerships may be deemed to beneficially own represents
approximately 3.51% of the outsanding shares of Common Stock of Chastain Capital
Corp.
(a) Amount Beneficially Owned: 258,000
(b) Percent of Class: 3.51%
(c) Number of Shares as to which the person has:
(i) Sole power to vote or to direct the vote:
258,000
(ii) Shared power to vote or to direct the vote:
258,000
(iii) Sole power to dispose or to direct the
disposition of: 258,000
(iv) Shared power to dispose or to direct the
disposition of: 258,000
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 5% 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
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
- --------
(1)As of January 4, 2000.
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CUSIP No. 161697107 13G Page 11 of 13 Pages
By signing below, we certify that, to the best of our 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 participation in any
transaction having that purpose or effect.
<PAGE>
CUSIP No. 161697107 13G Page 12 of 13 Pages
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Executed as a sealed instrument this 21st day of January, 2000.
K Capital I, L.P.
By: /s/ Thomas Knott
----------------------------------
K Capital Partners, LLC, General
Partner by: Harwich Capital
Partners LLC, its Managing
Members, by Thomas Knott, its
Managing Member
K Capital II, L.P.
By: /s/ Thomas Knott
----------------------------------
K Capital Partners, LLC, General
Partner by: Harwich Capital
Partners LLC, its Managing
Members, by Thomas Knott, its
Managing Member
K Capital Offshore Master Fund
(U.S. Dollar), L.P.
By: /s/ Thomas Knott
----------------------------------
K Capital Partners, LLC, General
Partner by: Harwich Capital
Partners LLC, its Managing
Members, by Thomas Knott, its
Managing Member
K Capital Partners, LLC
By: /s/ Thomas Knott
----------------------------------
Harwich Capital Partners, LLC
by Thomas Knott, its
Managing Member
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CUSIP No. 161697107 13G Page 13 of 13 Pages
Harwich Capital Partners, LLC
By: /s/ Thomas Knott
----------------------------------
Thomas Knott, its
Managing Member
/s/ Thomas Knott
--------------------------------------
Thomas Knott
/s/ Abner Kurtin
--------------------------------------
Abner Kurtin
<PAGE>
EXHIBIT 1
AGREEMENT
Pursuant to rule 13d-1(k)(1) under the securities exchange Act of 1934,
as amended, the undersigned hereby agree that only one statement containing the
information required by Schedule 13G need be filed with respect to the ownership
by each of the undersigned of the shares of Common stock of Chastain Capital
Corp.
EXECUTED as a sealed instrument this 21st day of January, 2000.
K Capital I, L.P.
By: /s/Thomas Knott
----------------------------------
K Capital Partners, LLC, General
Partner by: Harwich Capital
Partners LLC, its Managing
Members, by Thomas Knott, its
Managing Member
K Capital II, L.P.
By /s/Thomas Knott
----------------------------------
K Capital Partners, LLC, General
Partner by: Harwich Capital
Partners LLC, its Managing
Members, by Thomas Knott, its
Managing Member
K Capital Offshore Master Fund
(U..S. Dollar), L.P.
By: /s/ Thomas Knott
----------------------------------
K Capital Partners, LLC, General
Partner by: Harwich Capital
Partners LLC, its Managing
Members, by Thomas Knott, its
Managing Member
K Capital Partners, LLC
By: /s/Thomas Knott
----------------------------------
Harwich Capital Partners, LLC
by Thomas Knott, its
Managing Member
<PAGE>
Harwich Capital Partners, LLC
By: /s/Thomas Knott
----------------------------------
Thomas Knott, its
Managing Member
/s/Thomas Knott
---------------------------------------
Thomas Knott
/s/Abner Kurtin
---------------------------------------
Abner Kurtin
