SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. 1)**
IKOS Systems, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
451716203
- --------------------------------------------------------------------------------
(CUSIP Number)
December 21, 1999
- --------------------------------------------------------------------------------
(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)
- --------
* Final amendment.
** 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 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. 451716203 13G Page 2 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 133,697 shares
OWNED BY
EACH ----------------------------------------------------------------
REPORTING
PERSON WITH
6 SHARED VOTING POWER
11,303(1) shares
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
133,697 shares
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
11,303(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
145,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Consists of 11,303 shares of Common Stock held by Wheatley Foreign
Partners, L.P. Wheatley Partners, L.P. disclaims beneficial ownership
of these securities, except to the extent of its equity interest
therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 3 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Foreign Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 11,303 shares
OWNED BY
EACH ----------------------------------------------------------------
REPORTING
PERSON WITH
6 SHARED VOTING POWER
133,697(1) shares
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
11,303 shares
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
133,697(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
145,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Consists of 133,697 shares of Common Stock held by Wheatley Partners,
L.P. Wheatley Foreign Partners, L.P. disclaims beneficial ownership of
these securities, except to the extent of its equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 4 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Management Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Cayman Islands, B.W.I.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH ----------------------------------------------------------------
REPORTING
PERSON WITH
6 SHARED VOTING POWER
11,303(1) shares
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
11,303(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
11,303(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Consists of 11,303 shares of Common Stock which are held by Wheatley
Foreign Partners, L.P. Wheatley Management, Ltd. disclaims beneficial
ownership of these securities, except to the extent of its equity
interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 5 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY ----------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
145,000(1) shares
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
145,000(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
145,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 133,697 shares of Common Stock which are held by Wheatley
Partners, L.P., and (ii) 11,303 shares of Common Stock which are held
by Wheatley Foreign Partners, L.P. Wheatley Partners, LLC disclaims
beneficial ownership of these securities, except to the extent of its
respective equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 6 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Fingerhut
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH ----------------------------------------------------------------
REPORTING
PERSON WITH
6 SHARED VOTING POWER
145,000(1) shares
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
145,000(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
145,000(1)shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 133,697 shares of Common Stock which are held by Wheatley
Partners, L.P. and (ii) 11,303 shares of Common Stock which are held by
Wheatley Foreign Partners, L.P. Mr. Fingerhut disclaims beneficial
ownership of these securities, except to the extent of his respective
equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 7 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Rubenstein
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,000 shares
OWNED BY ---------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
405,000(1) shares
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
5,000 shares
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
405,000(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
410,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 133,697 shares of Common Stock which are held by Wheatley
Partners, L.P., (ii) 11,303 shares of Common Stock which held by
Wheatley Foreign Partners, L.P., (iii) 50,000 shares of Common Stock
which are held by Woodland Partners, (iv) 150,000 shares of Common
Stock one-half of which is held by each of the Woodland Venture Fund
and Seneca Ventures, (v) 60,000 shares of Common Stock which are held
by Brookwood Partners, L.P. Mr. Rubenstein disclaims beneficial
ownership of these securities, except to the extent of his respective
equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 8 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Partners
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 50,000 shares
OWNED BY ----------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
0 shares
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
50,000 shares
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
50,000 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 9 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 75,000 shares
OWNED BY -----------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
75,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
75,000 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 10 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 75,000 shares
OWNED BY ---------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
0 shares
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
75,000 shares
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
75,000 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 11 of 37 Pages
- ---------------------------------- ---------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Services Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
150,000 (1) shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
150,000(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
150,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Consists of 150,000 shares of Common Stock, one-half of which is held
by each of Woodland Venture Fund and Seneca Ventures. Woodland Services
Corp. disclaims beneficial ownership of these securities, except to the
extent of its respective equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 12 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Marilyn Rubenstein
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY ---------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
260,000(1) shares
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
260,000(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
260,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1%
12 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 50,000 shares of Common Stock which are held by Woodland
Partners, (ii) 150,000 shares of Common Stock one-half of which is held
by each of the Woodland Venture Fund and Seneca Ventures and (iii)
60,000 shares of Common Stock which are held by Brookwood Limited
Partnership. Mrs. Rubenstein disclaims beneficial ownership of these
securities, except to the extent of her respective equity interest
therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 13 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Marilyn and Barry Rubenstein Family Foundation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY ---------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
0 shares
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
[00]
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 14 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brookwood Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 60,000 shares
OWNED BY ---------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
0 shares
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
60,000 shares
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
60,000 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 15 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brian Rubenstein
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 16 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rebecca Rubenstein
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 17 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Irwin Lieber
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
145,000(1) shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
145,000(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
145,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 133,697 shares of Common Stock which are held by Wheatley
Partners, L.P., and (ii) 11,303 shares of Common Stock which are held
by Wheatley Foreign Partners, L.P. Mr. Lieber disclaims beneficial
ownership of these securities, except to the extent of his respective
equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 18 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jonathan Lieber
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY ---------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
145,000(1) shares
---------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
145,000(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
145,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 133,697 shares of Common Stock which are held by Wheatley
Partners, L.P., and (ii) 11,303 shares of Common Stock which are held
by Wheatley Foreign Partners, L.P. Mr. Lieber disclaims beneficial
ownership of these securities, except to the extent of his respective
equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 19 of 37 Pages
- ---------------------------------- ---------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seth Lieber
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY ----------------------------------------------------------------
EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
145,000(1) shares
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
145,000(1) shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
145,000(1) shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 133,697 shares of Common Stock which are held by Wheatley
Partners, L.P., and (ii) 11,303 shares of Common Stock which are held
by Wheatley Foreign Partners, L.P. Mr. Lieber disclaims beneficial
ownership of these securities, except to the extent of his respective
equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 20 of 37 Pages
- ---------------------------------- ---------------------------------
Item 1.
(a) Name of Issuer: IKOS Systems, Inc.
(b) Address of Issuer's Principal Executive Offices:
19050 Pruneridge Avenue
Cupertino, California 95014
Item 2.
1. (a) Name of Person Filing: Wheatley Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road
Suite 311
Great Neck, NY 11021
(c) Place of Organization: Delaware
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
2. (a) Name of Person Filing: Wheatley Foreign Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
Third Floor
One Capital Place
P.O. Box 1062
George Town, Grand Cayman
Cayman Islands, B.W.I.
(c) Place of Organization: Delaware
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
3. (a) Name of Person Filing: Wheatley Management Ltd.
(b) Address of Principal Business Office, or if none, Residence:
Third Floor
One Capital Place
P.O. Box 1062
George Town, Grand Cayman
Cayman Islands, B.W.I.
(c) Place of Organization: Cayman Islands, B.W.I.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 21 of 37 Pages
- ---------------------------------- ---------------------------------
4. (a) Name of Person Filing: Wheatley Partners, LLC
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road
Suite 311
Great Neck, NY 11021
(c) Place of Organization: Delaware
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
5. (a) Name of Person Filing: Barry Fingerhut
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road
Suite 311
Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
6. (a) Name of Person Filing: Barry Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: United States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
7. (a) Name of Person Filing: Woodland Partners
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
8. (a) Name of Person Filing: Seneca Ventures
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
9. (a) Name of Person Filing: Woodland Venture Fund
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
10. (a) Name of Person Filing: Woodland Services Corp.
(b) Address of Principal Business Office, or if none, Residence:
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 22 of 37 Pages
- ---------------------------------- ---------------------------------
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
11. (a) Name of Person Filing: Marilyn Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
12. (a) Name of Person Filing: The Marilyn and Barry Rubenstein Family
Foundation
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
13. (a) Name of Person Filing: Brookwood Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
14. (a) Name of Person Filing: Brian Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
36 Barstow Road
Great Neck, NY 11021
(c) Citizenship: United States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
15. (a) Name of Person Filing: Rebecca Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
300 East 75th Street
New York, NY 10021
(c) Citizenship: United States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
16. (a) Name of Person Filing: Irwin Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road
Suite 311
Great Neck, NY 11021
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 23 of 37 Pages
- ---------------------------------- ---------------------------------
(c) Citizenship: United States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
17. (a) Name of Person Filing: Jonathan Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road
Suite 311
Great Neck, NY 11021
(c) Citizenship: United States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
18. (a) Name of Person Filing: Seth Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road
Suite 311
Great Neck, NY 11021
(c) Citizenship: United States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 451716203
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:
Not Applicable
(a) / / Broker or dealer registered under Section 15 of the Exchange
Act.
(b) / / Bank as defined in section 3(c)(6) of the Exchange Act.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 24 of 37 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.
/X/
Item 4. Ownership
1. Wheatley Partners, L.P.:
(a) Amount Beneficially Owned: 145,000 shares.
(b) Percent of Class: 1.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 133,697 shares.
(ii) shared power to vote or direct the vote: 11,303 shares.*
(iii) sole power to dispose or direct the disposition of:
133,697 shares.
(iv) shared power to dispose or direct the disposition of:
11,303 shares.*
2. Wheatley Foreign Partners, L.P.:
(a) Amount Beneficially Owned: 145,000 shares.
(b) Percent of Class: 1.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 11,303 shares.
(ii) shared power to vote or direct the vote: 133,697 shares.*
(iii) sole power to dispose or direct the disposition of:
11,303 shares.
(iv) shared power to dispose or direct the disposition of:
133,697 shares.*
3. Wheatley Management Ltd.:
(a) Amount Beneficially Owned: 11,303 shares. Reporting person is a
general partner of Wheatley Foreign Partners, L.P.
(b) Percent of Class: 0.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 11,303 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 25 of 37 Pages
- ---------------------------------- ---------------------------------
(iv) shared power to dispose or direct the disposition of:
11,303 shares.*
4. Wheatley Partners, LLC:
(a) Amount Beneficially Owned: 145,000 shares. Reporting person is
the general partner of Wheatley Partners, L.P. and also a general
partner of Wheatley Foreign Partners, L.P.
(b) Percent of Class: 1.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 145,000 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
145,000 shares.*
5. Barry Fingerhut:
(a) Amount Beneficially Owned: 145,000 shares. Reporting person is
a member and Executive Vice President of Wheatley Partners, LLC,
the general partner of Wheatley Partners, L.P. and a general
partner of Wheatley Foreign Partners, L.P.
(b) Percent of Class: 1.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 145,000 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
145,000 shares.*
6. Barry Rubenstein:
(a) Amount Beneficially Owned: 410,000 shares. Reporting person is
a member and Chief Executive Officer of Wheatley Partners, LLC,
the general partner of Wheatley Partners, L.P. and a general
partner of Wheatley Foreign Partners, L.P., a general partner of
Woodland Partners, Seneca Ventures and Woodland Venture Fund the
President and sole shareholder of Woodland Services Corp., a
Trustee of The Marilyn and Barry Rubenstein Family Foundation and
a General Partner of Brookwood Partners, L.P.
(b) Percent of Class: 4.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 5,000 shares.
(ii) shared power to vote or direct the vote: 405,000 shares.*
(iii) sole power to dispose or direct the disposition of:
5,000 shares.
(iv) shared power to dispose or direct the disposition of:
405,000 shares.*
7. Woodland Partners:
(a) Amount Beneficially Owned: 50,000 shares.
(b) Percent of Class: 0.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 50,000 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
50,000 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 26 of 37 Pages
- ---------------------------------- ---------------------------------
8. Seneca Ventures:
(a) Amount Beneficially Owned: 75,000 shares.
(b) Percent of Class: 0.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 75,000 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
75,000 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
9. Woodland Venture Fund:
(a) Amount Beneficially Owned: 75,000 shares.
(b) Percent of Class: 0.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 75,000 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
75,000 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
10. Woodland Services Corp.:
(a) Amount Beneficially Owned: 150,000 shares. Reporting person is
a general partner of Seneca Ventures and Woodland Venture Fund.
(b) Percent of Class: 1.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 150,000 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
150,000 shares.*
11. Marilyn Rubenstein:
(a) Amount Beneficially Owned: 260,000 shares. Reporting
person is a general partner of Woodland Partners, the
Secretary and Treasurer of Woodland Services Corp., a
general partner of Seneca Ventures and Woodland
Venture Fund, a Trustee of The Marilyn and Barry
Rubenstein Family Foundation and a General Partner of
Brookwood Partners, L.P.
(b) Percent of Class: 3.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 260,000 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
260,000 shares.*
12. The Marilyn and Barry Rubenstein Family Foundation:
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class: 0.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 27 of 37 Pages
- ---------------------------------- ---------------------------------
(iv) shared power to dispose or direct the disposition of:
0 shares.
13. Brookwood Partners, L.P.:
(a) Amount Beneficially Owned: 60,000 shares.
(b) Percent of Class: 0.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 60,000 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
60,000 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
14. Brian Rubenstein:
(a) Amount Beneficially Owned: 0 shares. Reporting person is a
Trustee of the Marilyn and Barry Rubenstein Family Foundation.
(b) Percent of Class: 0.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.*
15. Rebecca Rubenstein:
(a) Amount Beneficially Owned: 0 shares. Reporting person is a
Trustee of The Marilyn and Barry Rubenstein Family Foundation.
(b) Percent of Class: 0.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 0 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.*
16. Irwin Lieber:
(a) Amount Beneficially Owned: 145,000 shares. Reporting
person is a member and President, Secretary and
Treasurer of Wheatley Partners, LLC, the general
partner of Wheatley Partners, L.P. and a general
partner of Wheatley Foreign Partners, L.P., and
President and a Director of Wheatley Management Ltd.,
a general partner of Wheatley Foreign Partners, L.P.
(b) Percent of Class: 1.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 145,000 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
145,000 shares.*
17. Jonathan Lieber:
(a) Amount Beneficially Owned: 145,000 shares. Reporting person is
a member and Vice President of Wheatley Partners, LLC, the
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 28 of 37 Pages
- ---------------------------------- ---------------------------------
general partner of Wheatley Partners, L.P. and a general partner
of Wheatley Foreign Partners, L.P.
(b) Percent of Class: 1.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 145,000 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
145,000 shares.*
18. Seth Lieber:
(a) Amount Beneficially Owned: 145,000 shares. Reporting person is
a member and Vice President of Wheatley Partners, LLC, the
general partner of Wheatley Partners, L.P. and a general partner
of Wheatley Foreign Partners, L.P.
(b) Percent of Class: 1.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 145,000 shares.*
(iii) sole power to dispose or direct the disposition of:
0 shares.
(iv) shared power to dispose or direct the disposition of:
145,000 shares.*
- --------------------------
* The reporting person disclaims beneficial ownership of these
securities, except to the extent of his or its equity interest therein.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 29 of 37 Pages
- ---------------------------------- ---------------------------------
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.
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.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 30 of 37 Pages
- ---------------------------------- ---------------------------------
SIGNATURES
----------
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 13, 2000 WHEATLEY PARTNERS, L.P.
By: Wheatley Partners, LLC,
General Partner
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, Chief Executive
Officer
WHEATLEY PARTNERS, LLC
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, Chief Executive
Officer
/s/ Barry Rubenstein
-------------------------------------------
Barry Rubenstein
/s/ Irwin Lieber
-------------------------------------------
Irwin Lieber
/s/ Barry Fingerhut
-------------------------------------------
Barry Fingerhut
/s/ Seth Lieber
-------------------------------------------
Seth Lieber
/s/ Jonathan Lieber
-------------------------------------------
Jonathan Lieber
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 31 of 37 Pages
- ---------------------------------- ---------------------------------
WHEATLEY MANAGEMENT LTD.
By: /s/ Irwin Lieber
----------------------------------------
Irwin Lieber, President
WHEATLEY FOREIGN PARTNERS, L.P.
By: Wheatley Partners, LLC, General
Partner
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, Chief Executive
Officer
SENECA VENTURES
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, a General
Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, a General
Partner
THE MARILYN AND BARRY RUBENSTEIN
FAMILY FOUNDATION
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, Trustee
BROOKWOOD PARTNERS, L.P.
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, a General Partner
/s/ Brian Rubenstein
-------------------------------------------
Brian Rubenstein
/s/ Rebecca Rubenstein
-------------------------------------------
Rebecca Rubenstein
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 451716203 13G Page 32 of 37 Pages
- ---------------------------------- ---------------------------------
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, a General
Partner
/s/ Marilyn Rubenstein
-------------------------------------------
Marilyn Rubenstein
WOODLAND SERVICES CORP.
By: /s/ Barry Rubenstein
----------------------------------------
Barry Rubenstein, President
