SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
BITSTREAM INC.
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(Name of Issuer)
Class A Common Stock, par value $.01 per share
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(Title of Class of Securities)
091736 10 8
(CUSIP Number)
Paul A. Gajer, Esq.
Rubin Baum Levin Constant & Friedman
30 Rockefeller Plaza, 29th Floor
New York, New York 10112
(212) 698-7700
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 5, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. |_|
NOTE: Schedules filed in paper format shall include a signed original and five
copies of this schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
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).
(Continued on following page(s))
Page 1 of 8
<PAGE>
CUSIP No. 091736 10 8 13D Page 2 of 8 Pages
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1 NAME OF REPORTING PERSONS
Privest II N.V.
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*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
None
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles
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7 SOLE VOTING POWER
None. See Item 2
Number of
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER
Owned By
Each ----------------------------------------------------------
Reporting 9 SOLE DISPOSITIVE POWER
Person None. See Item 2
With ----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
None. See Item 2
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
185824.1
<PAGE>
CUSIP No. 091736 10 8 13D Page 3 of 8 Pages
================================================================================
1 NAME OF REPORTING PERSONS
Premier Resources, Ltd.
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*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
None
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION See Item 2
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7 SOLE VOTING POWER
See Item 2
Number of
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER
Owned By
Each ----------------------------------------------------------
Reporting 9 SOLE DISPOSITIVE POWER
Person None. See Item 2
With
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
None. See Item 2
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
185824.1
<PAGE>
CUSIP No. 091736 10 8 13D Page 4 of 8 Pages
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1 NAME OF REPORTING PERSONS
Antonio Saladino
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*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
None
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland
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7 SOLE VOTING POWER
665,244 shares 12.8%
Number of
Shares ----------------------------------------------------------
Beneficially 8 SHARED VOTING POWER
Owned By
Each ----------------------------------------------------------
Reporting 9 SOLE DISPOSITIVE POWER
Person 665,244 shares 12.8%
With
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
665,244 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.8%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 1 (the "Amendment") amends and supplements the
Schedule 13D filed on November 16, 1996 (the "Schedule 13D"), on behalf of
Privest II, N.V., a corporation organized under the laws of the Netherlands
Antilles ("Privest II"), with respect to the Class A Common Stock, par value
$.01 per share (the "Shares"), of Bitstream Inc., a Delaware corporation (the
"Company"). The Reporting Persons are filing this Amendment to update the
information with respect the number of securities owned by them. This Amendment
constitutes the final amendment with respect to the Schedule 13D.
Item 2. Identity and Background.
This Amendment is being filed by Privest II, Premier Resources, Ltd., a
corporation formerly organized under the laws of the Commonwealth of the Bahamas
("Premier"), and Mr. Antonio Saladino, a citizen of Switzerland ("Saladino" and
together with Privest II and Premier, the "Reporting Persons"). Privest II is
currently being liquidated and dissolved and all of its assets distributed.
Privest II was the record holder of the Shares. Caribbean Management Company,
N.V., a corporation organized under the laws of the Netherlands Antilles, was
the managing director of Privest II but acted only in a ministerial capacity at
the direction of Premier. Premier served as an investment advisor to Privest II
and was delegated the authority to direct the vote or to dispose or direct the
disposition of the Shares. Accordingly Premier may have been regarded as the
"beneficial owner" of the Shares within the meaning of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"). Premier, which was dissolved on
October 14, 1999, was indirectly controlled by Saladino. Accordingly, Saladino
may have been deemed to be the "beneficial owner," within the meaning of the
Exchange Act, of the Shares held by Privest II.
Item 5. Interest in Securities of the Issuer.
As part of the dissolution and liquidation of Privest II, the Shares
were transferred to and are now owned of record by Gesfid, S.A., a corporation
organized under the laws of Switzerland ("Gesfid"), as nominee for the
beneficial owners and Saladino has been delegated the authority to vote or
direct the vote or to dispose or direct the disposition of the Shares. As of the
date hereof, neither Privest II nor Premier is the record or beneficial owner of
any Shares.
Page 5 of 8
185824.1
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: December 10, 1999
PRIVEST II N.V.
By: Caribbean Management Company N.V.,
Managing Director
By: /s/ Allan M. Rosenbloom
------------------------------------
Name: Allan M. Rosenbloom
Title: Authorized Signatory
Page 6 of 8
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: December 10, 1999
PREMIER RESOURCES, LTD.
By: /s/ Allan M. Rosenbloom
--------------------------------
Name: Allan M. Rosenbloom
Title: Vice President
Page 7 of 8
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: December 10, 1999
/s/ Antonio Saladino
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Antonio Saladino
Page 8 of 8
