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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.__)*
---------------
Cryptologic Inc.
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(Name of Issuer)
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(Title of Class of Securities)
228906103
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(CUSIP Number)
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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)
* 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 ("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.
Page 1 of 5 pages
<PAGE>
CUSIP No. 228906103
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1. Names of Reporting Persons. Weiss, Peck & Greer, LLC
I.R.S. Identification Nos. of above persons (entities only).
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [x]
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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 -0-
Number of -----------------------------------------------------------
Shares Bene-
ficially owned 6. Shared Voting Power 1,669,400
by Each -----------------------------------------------------------
Reporting
Person With: 7. Sole Dispositive Power -0-
-----------------------------------------------------------
8. Shared Dispositive Power 1,669,400
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,669,400
10. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [x]
11. Percent of Class Represented by Amount in Row (11)
11.6%
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12. Type of Reporting Person (See Instructions)
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Page 2 of 5 pages
<PAGE>
Cusip No. 228906103
Page 3 of 5
Item 1(a). Name of Issuer: Cryptologic Inc.
Item 1(b). Address of Issuer's Principal Executive Office:
1867 Yonge Street, 6th Flr.
Toronto, Ontario M4S 1Y5
Canada
Item 2(a). Name of Person Filing: Weiss, Peck & Greer, L.L.C. ("WPG")
Item 2(b). Address of Principal Business Office, or if None, Residence:
One New York Plaza
New York, NY 10004
Item 2(c). Citizenship: WPG is a limited liability company,
organized under the laws of the State of Delaware
Item 2(d). Title of Class of Securities: Common Stock
Item 2(e). CUSIP Number: 228906103
Item 3. If this statement is Filed Pursuant to Rules 13d-1(b) or
13d-2(b), Check Whether the Person Filing is a:
(a) ( X ) Broker or Dealer registered under
Section 15 of the Securities Exchange
Act of 1934 (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
of 1940
(e) ( X ) Investment Adviser registered under
Section 203 of the Investment Advisers
Act of 1940
(f) ( ) Employee Benefit Plan which is subject
to the provisions of the Employee
Retirement Income Security Act of 1974
or Endowment Fund; see Sec.
240.13d-1(b)(1)(ii)(F)
(g) ( ) Parent Holding Company, in accordance
with Sec. 240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) ( ) A savings associations 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 paragraph
240.13d-1(b)(1)(ii)(H)
<PAGE>
Cusip No. 228906103 Page 4 of 5
Item 4. Ownership:
(a) Amount Beneficially Owned: 1,669,400 as of June 8, 2000.
(b) Percent of Class: 11.6%
(c) Number of shares as to which such person has:
(i) sole power to vote: -0-
(ii) shared power to vote or to direct the vote:
1,669,400
(iii) sole power to dispose or to direct the disposition
of: -0-
(iv) shared power to dispose or to direct the disposition
of 1,669,400
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person:
This Statement on Schedule 13G ("Schedule 13G") is filed by WPG, a Delaware
limited liability company which is registered as a broker-dealer under Section
15 of the Act, and as an investment adviser under Section 203 of the Investment
Advisers Act of 1940, as amended.
This Schedule 13G is being filed with respect to 1,669,400 shares of common
stock of Cryptologic Inc. (the "Common Stock") held by WPG at June 8, 2000 for
the discretionary accounts of certain clients. By reason of Rule 13d-3 under the
Act, WPG may be deemed to be a "beneficial owner" of such Common Stock. WPG
expressly disclaims beneficial ownership of the Common Stock. Each client has
the right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, such Common Stock purchased for his account. To
the knowledge of WPG, no person has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, such Common
Stock which represents more than 5% of the outstanding shares of the Common
Stock referred to in Item 4(b) hereof.
This Schedule 13G is not being filed with respect to the shares of Common Stock
which may be owned by managing directors of WPG, or by their respective spouses,
or as custodian or trustee for their respective family members or by their
respective family foundations, since WPG does not possess or share voting or
investment power with respect to such Common Stock. Each of such managing
director disclaims, pursuant to Rule 13d-4, that he or she is the beneficial
owner, within the meaning of Rule 13d-3, of the shares of Common Stock owned by
the various parties referred to in this Schedule 13G, other than such shares as
the respective managing director owns of record.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company:
Not applicable.
<PAGE>
Cusip No. 228906103 Page 5 of 5
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of the 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 as being held or owned beneficially by WPG 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 such purpose or effect.
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.
Dated: June 12, 2000
WEISS, PECK & GREER, L.L.C.
By: /s/ Robert A. Kloby
---------------------------------
Robert A. Kloby
Chief Compliance Officer
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).
<PAGE>
ACCOUNT APPRAISAL BY CUSIP
WPG INSTITUTIONAL SOFTWARE FUND 23270000
INSTSOFT
As of Date: 06/08/00
<TABLE>
<CAPTION>
QTY SECURITY UNIT TOTAL MARKET MARKET ACCRUED PERCENT %OF
ORIG FACE DECSRIPTION COST COST PRICE VALUE INCOME GAIN/LOSS PORT
--------- ----------- ---- ---- ----- ----- ------ --------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Portfolio: INSTSOFT
Stock
517,000 Cryptologic Inc. % 14.547 7,547,533 21.652 11,198,883.42 0.00 48.31% 100.0
NA/NA CRY ON 228906103 --------- ------------ ---- ------ -----
Stock 7,547,533 11,193,883.42 0.00 48.31% 100.0
--------- ------------ ---- ------ -----
Total Portfolio 7,547,533 11,193,883.42 0.00 48.31% 100.0
Page 1
</TABLE>
Outstanding shares 14,376,962
<PAGE>
ACCOUNT APPRAISAL BY CUSIP
WPG NETWORKING OVERSEAS FUND, L.P. 23200520
NETOVER
As of Date: 06/08/00
<TABLE>
<CAPTION>
QTY SECURITY UNIT TOTAL MARKET MARKET ACCRUED PERCENT %OF
ORIG FACE DECSRIPTION COST COST PRICE VALUE INCOME GAIN/LOSS PORT
--------- ----------- ---- ---- ----- ----- ------ --------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Portfolio: NETOVER
Stock
3,900 Cryptologic Inc. % 17.971 70,322 21.652 84,441.29 0.00 20.08% 100.0
NA/NA CRY ON 228906103 --------- ------------ ---- ------ -----
Stock 70,322 84,441.29 0.00 20.08% 100.0
--------- ------------ ---- ------ -----
Total Portfolio 70,322 84,441.29 0.00 20.08% 100.0
Page 2
</TABLE>
<PAGE>
ACCOUNT APPRAISAL BY CUSIP
WPG NETWORKING QP FUND LP 23200553
NETQP
As of Date: 06/08/00
<TABLE>
<CAPTION>
QTY SECURITY UNIT TOTAL MARKET MARKET ACCRUED PERCENT %OF
ORIG FACE DECSRIPTION COST COST PRICE VALUE INCOME GAIN/LOSS PORT
--------- ----------- ---- ---- ----- ----- ------ --------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Portfolio: INSTSOFT
Stock
52,700 Cryptologic Inc. % 15.462 815,033 21.652 1,141,039.95 0.00 40.00% 100.0
NA/NA CRY ON 228906103 --------- ------------ ---- ------ -----
Stock 815,033 1,141,039.95 0.00 40.00% 100.0
--------- ------------ ---- ------ -----
Total Portfolio 815,033 1,141,039.95 0.00 40.00% 100.0
</TABLE>
3
<PAGE>
ACCOUNT APPRAISAL BY CUSIP
WEISS, PECK & GREER NETWORKING FUND, L.P. 23280050
NETWORK
As of Date: 06/08/00
<TABLE>
<CAPTION>
QTY SECURITY UNIT TOTAL MARKET MARKET ACCRUED PERCENT %OF
ORIG FACE DECSRIPTION COST COST PRICE VALUE INCOME GAIN/LOSS PORT
--------- ----------- ---- ---- ----- ----- ------ --------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Portfolio: NETWORK
Stock
55,200 Cryptologic Inc. % 15.103 837,528 21.652 1,195,168.98 0.00 47.70% 100.0
NA/NA CRY ON 228906103 --------- ------------ ---- ------ -----
Stock 837,528 1,195,168.98 0.00 47.70% 100.0
--------- ------------ ---- ------ -----
Total Portfolio 837,528 1,195,168.98 0.00 47.70% 100.0
</TABLE>
4
<PAGE>
ACCOUNT APPRAISAL BY CUSIP
WPG - INSTITUTIONAL NETWORKING FUND LP 23280051
NTWKINST
As of Date: 06/08/00
<TABLE>
<CAPTION>
QTY SECURITY UNIT TOTAL MARKET MARKET ACCRUED PERCENT %OF
ORIG FACE DECSRIPTION COST COST PRICE VALUE INCOME GAIN/LOSS PORT
--------- ----------- ---- ---- ----- ----- ------ --------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Portfolio: NTWKINST
Stock
19,900 Cryptoligic Inc. % 16.126 322,231 21.652 430,867.08 0.00 33.71% 100.0
NA/NA CRY ON 228906103 --------- ------------ ---- ------ -----
Stock 322,231 430,867.08 0.00 33.71% 100.0
--------- ------------ ---- ------ -----
Total Portfolio 322,231 430,867.08 0.00 33.71% 100.0
</TABLE>
5
<PAGE>
ACCOUNT APPRAISAL BY CUSIP
WPG Raytheon Networking 23240001
RAYNET
As of Date: 06/08/00
<TABLE>
<CAPTION>
QTY SECURITY UNIT TOTAL MARKET MARKET ACCRUED PERCENT %OF
ORIG FACE DECSRIPTION COST COST PRICE VALUE INCOME GAIN/LOSS PORT
--------- ----------- ---- ---- ----- ----- ------ --------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Portfolio: RAYNET
Stock
292,400 Cryptologic Inc. % 15.356 4,510,333 21.652 6,330,931.36 0.00 40.37% 100.0
NA/NA CRY ON 228906103 --------- ------------ ---- ------ -----
Stock 4,510,333 6,330,931.36 0.00 40.37% 100.0
--------- ------------ ---- ------ -----
Total Portfolio 4,510,333 6,330,931.36 0.00 40.37% 100.0
</TABLE>
6
<PAGE>
ACCOUNT APPRAISAL BY CUSIP
WPG Raytheon Software 23240002
RAYSOFT
As of Date: 06/08/00
<TABLE>
<CAPTION>
QTY SECURITY UNIT TOTAL MARKET MARKET ACCRUED PERCENT %OF
ORIG FACE DECSRIPTION COST COST PRICE VALUE INCOME GAIN/LOSS PORT
--------- ----------- ---- ---- ----- ----- ------ --------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Portfolio: RAYSOFT
Stock
474,900 Cryptoligic Inc. % 19.258 9,171,942 21.652 10,282,350.55 0.00 12.11% 100.0
NA/NA CRY ON 228906103 --------- ------------ ---- ------ -----
Stock 9,171,942 10,282,350.55 0.00 12.11% 100.0
--------- ------------ ---- ------ -----
Total Portfolio 9,171,942 10,282,350.55 0.00 12.11% 100.0
</TABLE>
7
<PAGE>
ACCOUNT APPRAISAL BY CUSIP
WEISS, PECK & GREER - SOFTWARE FUND, L.P. 23280000
SOFTWARE
As of Date: 06/08/00
<TABLE>
<CAPTION>
QTY SECURITY UNIT TOTAL MARKET MARKET ACCRUED PERCENT %OF
ORIG FACE DECSRIPTION COST COST PRICE VALUE INCOME GAIN/LOSS PORT
--------- ----------- ---- ---- ----- ----- ------ --------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Portfolio: SOFTWARE
Stock
253,400 Cryptoligic Inc. % 14.896 3,787,609 21.652 5,486,518.49 0.00 44.85% 100.0
NA/NA CRY ON 228906103 --------- ------------ ---- ------ -----
Stock 3,787,609 5,486,518.49 0.00 44.85% 100.0
--------- ------------ ---- ------ -----
Total Portfolio 3,787,609 5,486,518.49 0.00 44.85% 100.0
</TABLE>
8
