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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information To Be Included in Statements Filed
Pursuant to Rules 13d-1(b), (c), and (d) and
Amendments Thereto Filed Pursuant to 13d-2(b)
(Amendment No. __________)(1)
eSPEED, INC.
- - --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, par value $.01 per share
- - --------------------------------------------------------------------------------
(Title of Class of Securities)
296643 10 9
- - --------------------------------------------------------------------------------
(CUSIP Number)
December 9, 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)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
- - ----------------------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
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Page 2 of 13 Pages
SCHEDULE 13G
CUSIP No. 296643 10 9
------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Cantor Fitzgerald Securities
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- - --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 31,850,000 shares of Class A Common Stock
SHARES -----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 31,850,000 shares of Class A Common Stock
WITH -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- - --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,850,000 shares of Class A Common Stock
- - --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- - --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
62.5%
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12 TYPE OF REPORTING PERSON*
PN
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 13 Pages
SCHEDULE 13G
CUSIP No. 296643 10 9
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Cantor Fitzgerald, L.P.
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF 8,800,000 shares of Class A Common Stock
SHARES -----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 31,850,000 shares of Class A Common Stock
EACH -----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 8,800,000 shares of Class A Common Stock
WITH -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
31,850,000 shares of Class A Common Stock
- - --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,650,000 shares of Class A Common Stock
- - --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- - --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
79.7%
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12 TYPE OF REPORTING PERSON*
PN
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 4 of 13 Pages
SCHEDULE 13G
CUSIP No. 296643 10 9
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
CF Group Management, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF 0 shares of Class A Common Stock
SHARES -----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 40,650,000 shares of Class A Common Stock
EACH -----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares of Class A Common Stock
WITH -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
40,650,000 shares of Class A Common Stock
- - --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,650,000 shares of Class A Common Stock
- - --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- - --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
79.7%
- - --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 5 of 13 Pages
CUSIP No. 296643 10 9
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Howard W. Lutnick
- - --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - --------------------------------------------------------------------------------
3 SEC USE ONLY
- - --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- - --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0 shares of Class A Common Stock
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 41,150,000 shares of Class A Common Stock
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares of Class A Common Stock
WITH
8 SHARED DISPOSITIVE POWER
41,150,000 shares of Class A Common Stock
- - --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,150,000 shares of Class A Common Stock
- - --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- - --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
79.9%
- - --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- - --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 6 of 13
SCHEDULE 13G
Item 1(a). Name of Issuer:
- - --------------------------
eSpeed, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
- - -----------------------------------------------------------
One World Trade Center, 103rd Floor
New York, New York 10048
Item 2(a). Name of Person Filing:
- - ---------------------------------
The information required by this Item is set forth in Appendix 1 attached
hereto.
This statement is being filed pursuant to a Joint Filing Agreement
(attached as Exhibit 1 and incorporated herein by reference) by (i) Cantor
Fitzgerald Securities ("CFS"), (ii) Cantor Fitzgerald, L.P. ("CFLP"), the
managing general partner of CFS, (iii) CF Group Management, Inc. ("CFGM"),
the managing general partner of CFLP and (iv) Howard W. Lutnick, the sole
shareholder of CFGM (sometimes collectively referred to as the "Reporting
Persons").
Item 2(b). Address of Principal Business Office or,
- - ---------------------------------------------------
if none, Residence:
------------------
The information required by this Item is set forth in Appendix 1 attached
hereto.
Item 2(c). Citizenship:
- - -----------------------
The information required by this Item is set forth in Appendix 1 attached
hereto.
Item 2(d). Title of Class of Securities:
- - ----------------------------------------
Class A Common Stock, par value $.01 per share.
Item 2(e). CUSIP Number:
- - ------------------------
296643 10 9
Item 3.
- - ------
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c),
check whether the person filing is a:
(a) / / Broker or Dealer registered under Section 15 of the Exchange Act
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Page 7 of 13 Pages
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act
(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. o
Inapplicable.
Item 4. Ownership:
- - ------------------
The following information is provided as of February 1, 2000:
CFS has sole voting and sole dispositive power with respect to an aggregate of
31,850,000 shares of Class B Common Stock of the Issuer. CFLP has sole voting
and sole dispositive power with respect to an aggregate of 8,800,000 shares of
Class B Common Stock of the Issuer and shared voting and shared dispositive
power with respect to 31,850,000 shares of Class B Common Stock of the Issuer by
virtue of being the managing general partner of CFS. CFGM has shared voting and
shared dispositive power with respect to an aggregate of 40,650,000 shares of
Class B Common Stock of the Issuer by virtue of being the managing general
partner of CFLP. Howard W. Lutnick has shared voting and shared dispositive
power with respect to presently exercisable options to purchase 500,000 shares
of Class A Common Stock which are held for the benefit of Mr. Lutnick in a
Grantor Retained Annuity Trust, pursuant to which Mr. Lutnick and one other
person are co-trustees who must act together. Howard W. Lutnick has shared
voting and shared dispositive power with respect to 40,650,000 shares of Class B
Common Stock of the Issuer by virtue of being the sole shareholder of CFGM. Each
share of Class B Common Stock is convertible at any time into one share of Class
A Common Stock. The following sets forth in tabular format the share ownership
of the Reporting Persons:
(a) Amount Beneficially Owned:
(i) Cantor Fitzgerald Securities is the beneficial owner of
31,850,000 shares of Class A Common Stock, par value $.01 per
share.
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Page 8 of 13 Pages
(ii) Cantor Fitzgerald, L.P. is the beneficial owner of 40,650,000
shares of Class A Common Stock, par value $.01 per share.
(iii) CF Group Management, Inc. is the beneficial owner of
40,650,000 shares of Class A Common Stock, par value $.01 per
share.
(iv) Howard W. Lutnick is the beneficial owner of 41,150,000 shares
of Class A Common Stock, par value $.01 per share.
(b) Percent of Class:
62.5% for CFS;
79.7% for CFLP;
79.7% for CFGM; and
79.9% for Howard W. Lutnick.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
31,850,000 shares for CFS;
8,800,000 shares for CFLP;
0 shares for CFGM; and
0 shares for Howard W. Lutnick.
(ii) shared power to vote or to direct the vote:
0 shares for CFS;
31,850,000 shares for CFLP;
40,650,000 shares for CFGM; and
41,150,000 shares for Howard W. Lutnick.
(iii) sole power to dispose or to direct the disposition of:
31,850,000 shares for CFS;
8,800,000 shares for CFLP;
0 shares for CFGM; and
0 shares for Howard W. Lutnick.
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Page 9 of 13 Pages
(iv) shared power to dispose or to direct the disposition of:
0 shares CFS;
31,850,000 shares for CFLP;
40,650,000 shares for CFGM; and
41,150,000 shares for Howard W. Lutnick.
Item 5. Ownership of Five Percent or Less of a Class:
- - ------------------------------------------------------
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of
- - ----------------------------------------------------------
Another Person:
--------------
No other person has the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale of, the securities
beneficially owned by CFS, CFLP and CFGM. With respect to Howard W. Lutnick,
options to purchase 500,000 shares of Class A Common Stock are held in the
Howard W. Lutnick 1999 Grantor Retained Annuity Trust, of which Mr. Lutnick is
one of two trustees both of whom must act together.
Item 7. Identification and Classification of the Subsidiary
- - ------- ---------------------------------------------------
Which Acquired the Security Being Reported on By the
----------------------------------------------------
Parent Holding Company:
-----------------------
Inapplicable.
Item 8. Identification and Classification of Members of the Group:
- - -------------------------------------------------------------------
Inapplicable.
Item 9. Notice of Dissolution of Group:
- - ----------------------------------------
Inapplicable.
Item l0. Certification:
- - -----------------------
Inapplicable.
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Page 10 of 13 Pages
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
February 11, 2000
Cantor Fitzgerald Securities
By: /s/ Howard W. Lutnick
----------------------------
Name: Howard W. Lutnick
Title: President
Cantor Fitzgerald, L.P.
By: /s/ Howard W. Lutnick
----------------------------
Name: Howard W. Lutnick
Title: Chairman
CF Group Management, Inc.
By: /s/ Howard W. Lutnick
----------------------------
Name: Howard W. Lutnick
Title: President
/s/ Howard W. Lutnick
-------------------------------
Howard W. Lutnick
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Page 11 of 13 Pages
Exhibit 1
JOINT FILING AGREEMENT
JOINT FILING AGREEMENT, dated as of the 11th day of February, 2000, among
Cantor Fitzgerald Securities, Cantor Fitzgerald, L.P., CF Group Management, Inc.
and Howard W. Lutnick (COLLECTIVELY, THE "JOINT FILERS").
WHEREAS, pursuant to Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), the parties hereto desire to satisfy any
filing obligation under Section 13(d) of the Exchange Act by a single joint
filing;
NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, the Joint Filers hereby agree and represent as follows:
1. Schedule 13G with respect to the Class A Common Stock, par value $.01
per share, of eSpeed, Inc. (to which this Joint Filing Agreement is an exhibit)
is filed on behalf of each of the Joint Filers.
2. Each of the Joint Filers is eligible to use Schedule 13G for the filing
of information therein contained.
3. Each of the Joint Filers is responsible for the timely filing of
Schedule 13G and any amendments thereto, and for the completeness and accuracy
of the information concerning such person contained therein, provided that each
such person is not responsible for the completeness or accuracy of the
information concerning the other persons making the filing, unless such person
knows or has reason to believe that such information is inaccurate.
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Page 12 of 13 Pages
IN WITNESS WHEREOF, the undersigned have caused this Joint Filing Agreement
to be duly executed and delivered as of the date first above written.
Cantor Fitzgerald Securities
By: /s/ Howard W. Lutnick
----------------------------
Name: Howard W. Lutnick
Title: President
Cantor Fitzgerald, L.P.
By: /s/ Howard W. Lutnick
----------------------------
Name: Howard W. Lutnick
Title: Chairman
CF Group Management, Inc.
By: /s/ Howard W. Lutnick
----------------------------
Name: Howard W. Lutnick
Title: President
/s/ Howard W. Lutnick
-------------------------------
Howard W. Lutnick
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Page 13 of 13 Pages
Appendix 1
ADDRESS, ORGANIZATION AND PRINCIPAL BUSINESS OF EACH REPORTING PERSON REQUIRED
BY ITEM 2(a), (b), and (c)
NAME OF PERSON FILING PRINCIPAL BUSINESS PLACE OF ORGANIZATION
OFFICE ADDRESS
Cantor Fitzgerald One World Trade Center New York general
Securities 105th Floor partnership
New York, NY 10048
Cantor Fitzgerald, L.P. One World Trade Center Delaware limited
105th Floor partnership
New York, NY 10048
CF Group Management, Inc. One World Trade Center New York corporation
105th Floor
New York, NY 10048
Howard W. Lutnick c/o Cantor Fitzgerald, L.P. United States citizen
One World Trade Center
105th Floor
New York, NY 10048
