SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13D-2(A)
(AMENDMENT NO. 4)*
MEGADATA CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
585145105
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(CUSIP Number)
G.S. BECKWITH GILBERT DENNIS J. BLOCK, ESQ.
FIELD POINT CAPITAL MANAGEMENT COMPANY CADWALADER, WICKERSHAM & TAFT
47 ARCH STREET 100 MAIDEN LANE
GREENWICH, CT 06830 NEW YORK, NY 10038
(203) 629-8757 (212) 504-5555
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
October 31, 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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(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 Rule 13d-7(b) 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. 001947100 SCHEDULE 13D PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
G.S. Beckwith Gilbert
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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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)
00
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5 CHECK IF DISCLOSURE OF 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
1,742,515*
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 70,000**
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,742,515*
WITH
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10 SHARED DISPOSITIVE POWER
70,000**
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,812,515*
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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)
52.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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* Of these shares, 156,000 shares are held in Mr. Gilbert's IRA account.
** Mr. Gilbert disclaims beneficial ownership of these shares, which are held
by the Gilbert Family Trust, of which he is a trustee.
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CUSIP NO. 001947100 SCHEDULE 13D PAGE 3 OF 5 PAGES
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1 NAME OF REPORTING PERSON
Gilbert Family Trust
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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)
00
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5 CHECK IF DISCLOSURE OF 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
70,000
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 70,000
WITH
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,000
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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)
2.4%
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14 TYPE OF REPORTING PERSON (See Instructions)
OO
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CUSIP NO. 001947100 SCHEDULE 13D PAGE 4 OF 5 PAGES
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INTRODUCTION
This is Amendment No. 4 to a statement on Schedule 13D (the "Original
Schedule 13D") filed by G.S. Beckwith Gilbert relating to the shares of Common
Stock, par value $.01 per share (the "Common Stock"), of Megadata Corporation, a
New York corporation ("Megadata" or the "Company"), the principal executive
offices of which are located at 47 Arch Street, Greenwich, Connecticut 06830.
Capitalized terms used herein have the meaning ascribed to them in the Original
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As of November 7:
(a) (i) Mr. Gilbert beneficially owns 1,812,515 shares of Common
Stock (including 156,000 shares held in Mr. Gilbert's IRA account and 70,000
shares held by the Trust), representing approximately 52.2% of the Company's
outstanding shares of Common Stock (based upon 2,973,115 shares of Megadata
Common Stock outstanding as reported in Megadata's Quarterly Report on Form 10-Q
for the quarter ended July 31, 2000 as adjusted for the issuance of 500,000
additional shares of Common Stock by the Company on October 31, 2000 pursuant to
the exercise of the warrant by Mr. Gilbert as described in paragraph (c) below).
Mr. Gilbert disclaims beneficial ownership of the shares held by the Trust.
(ii) The Trust beneficially owns 70,000 shares of Common Stock,
representing approximately 2.4% of the Company's outstanding shares of Common
Stock.
(b) Subject to the provisions of the Purchase Agreement described in
Item 4 of the Original Schedule 13D, Mr. Gilbert has sole power to vote or to
direct the vote and sole power to dispose or to direct the disposition of the
1,742,515 shares of Common Stock beneficially owned by him and shares with the
other Trustees power to vote or to direct the vote and power to dispose or to
direct the disposition of the 70,000 shares beneficially owned by the Trust.
(c) The Reporting Persons have not effected any transactions in the
Common Stock since the filing of Amendment No. 3 to the Original Schedule 13D,
except that on October 31, 2000, Mr. Gilbert exercised a warrant for 500,000
shares of Common Stock (at the exercise price of $1.25 per share) in exchange
for cancellation of debt owed by the Company to Mr. Gilbert in the amount of
$625,000, which debt matured on October 31, 2000.
(d)-(e) Not applicable.
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CUSIP NO. 001947100 SCHEDULE 13D PAGE 5 OF 5 PAGES
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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.
DATE: November 8, 2000
/s/ G.S. Beckwith Gilbert
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G.S. Beckwith Gilbert
