SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
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)
January 26, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition 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. 9
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 SCHEDULE 13D Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
Gesfid S.A.
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 Switzerland
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7 SOLE VOTING POWER 1.7%
125,701 shares
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 125,701 shares 1.7%
PERSON WITH ----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
125,701 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 091736 10 8 SCHEDULE 13D Page 3 of 8 Pages
================================================================================
1 NAME OF REPORTING PERSON
Antonio Saladino
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER 1.7%
125,701 shares
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY ----------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 125,701 shares 1.7%
PERSON WITH ----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
125,701 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. SECURITY AND ISSUER
This statement, dated March 3, 2000, constitutes Amendment No. 3, the
Final Amendment to the Schedule 13D dated December 10, 1999, as amended by
Amendment No. 1 to the Schedule 13D and Amendment No. 2 to the Schedule 13D
(collectively, the "Schedule"), regarding the Reporting Persons' ownership of
the Common Stock of Bitstream Inc., a Delaware corporation ("Bitstream").
Capitalized terms not otherwise defined herein shall have the meaning
ascribed to them in the Schedule.
This Amendment No. 3 to the Schedule is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by the Reporting
Person. It shall refer only to information which has materially changed since
the filing of the Schedule.
ITEM 4. PURPOSE OF TRANSACTION
From January 7, 2000 through March 3, 2000, the Reporting Persons sold
shares of Common Stock in a series of open market transactions.
The Reporting Persons may sell additional shares of Common Stock from time
to time in open market or in privately negotiated transactions. In addition, the
Reporting Persons may take other actions with respect to the shares of Common
Stock. All of the transactions with respect to the shares of Common Stock may be
effected from time to time based upon the capital requirements of any of the
Reporting Persons and the market price of the shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The following list sets forth the aggregate number and percentage
(based on 7,397,049 shares of Common Stock shares of Common Stock outstanding
plus such number of warrants included in the Reporting Persons' beneficial
ownership) of outstanding shares of Common Stock owned beneficially by the
Reporting Persons, as of March 3, 2000:
Shares of Percentage of Shares
Common Stock of Common Stock
Name Beneficially Owned Beneficially Owned
- ---- ------------------ ------------------
Gesfid S.A. 125,701 shares 1.7%
Antonio Saladino 125,701 shares 1.7%
(b) The Reporting Persons have sole power to vote and dispose of 125,701
shares of Common Stock (which amount includes warrants to purchase an aggregate
of 28,886 shares of Common Stock), representing approximately 1.7% of the
outstanding Common Stock.
(c) The following is a description of all transactions in shares of Common
Stock by the reporting person effected from January 7, 2000 through March 3,
2000, inclusive.
Page 4 of 8
<PAGE>
<TABLE>
<CAPTION>
Number of Shares
Name of Shareholder Date of Disposition Beneficially Disposed of Price per Share
- ------------------- ------------------- ------------------------ ---------------
<S> <C> <C> <C>
Gesfid S.A January 7, 2000 15,700 $ 6.5195
Gesfid S.A January 19, 2000 6,930 $ 5.7861
Gesfid S.A January 19, 2000 1,736 $ 6.00
Gesfid S.A January 19, 2000 1,500 $ 6.125
Gesfid S.A January 21, 2000 12,900 $ 5.875
Gesfid S.A January 24, 2000 31,029 $ 5.4095
Gesfid S.A January 25, 2000 16,300 $ 5.4164
Gesfid S.A January 25, 2000 10,000 $ 5.50
Gesfid S.A January 26, 2000 23,403 $ 5.8835
Gesfid S.A January 27, 2000 30,000 $ 6.7785
Gesfid S.A January 27, 2000 7,800 $ 5.8582
Gesfid S.A January 27, 2000 1,724 $ 6.1731
Gesfid S.A January 27, 2000 58,000 $ 7.0383
Gesfid S.A January 27, 2000 18,500 $ 6.1422
Gesfid S.A January 28, 2000 7,000 $ 7.0089
Gesfid S.A February 1, 2000 29,670 $ 6.5228
Gesfid S.A February 2, 2000 3,465 $ 6.25
Gesfid S.A February 2, 2000 3,900 $ 6.50
Gesfid S.A February 3, 2000 3,100 $ 6.5766
Gesfid S.A February 4, 2000 3,455 $ 6.375
Gesfid S.A February 4, 2000 10,391 $ 6.1821
Gesfid S.A February 7, 2000 35,000 $ 7.1054
Gesfid S.A February 7, 2000 50,000 $ 7.0233
Gesfid S.A February 7, 2000 14,400 $ 7.5013
Gesfid S.A February 7, 2000 1,736 $ 6.8099
Gesfid S.A February 8, 2000 5,600 $ 7.9459
Gesfid S.A February 8, 2000 32,000 $ 7.8777
Gesfid S.A February 11, 2000 56,121 $ 8.5886
Gesfid S.A February 11, 2000 20,000 $ 8.5886
Gesfid S.A February 16, 2000 22,500 $ 7.8575
Gesfid S.A February 22, 2000 10,000 $ 8.125
Gesfid S.A February 22, 2000 25,000 $ 8.4068
Gesfid S.A February 23, 2000 5,700 $ 8.75
</TABLE>
Page 5 of 8
<PAGE>
<TABLE>
<CAPTION>
Number of Shares
Name of Shareholder Date of Disposition Beneficially Disposed of Price per Share
- ------------------- ------------------- ------------------------ ---------------
<S> <C> <C> <C>
Gesfid S.A February 23, 2000 9,300 $ 8.75
Gesfid S.A March 3, 2000 10,000 $ 9.095
Gesfid S.A March 3, 2000 5,000 $ 9.8475
Gesfid S.A March 3, 2000 12,000 $10.0141
</TABLE>
(d) Not Applicable.
(e) Not Applicable.
Page 6 of 8
<PAGE>
SIGNATURES
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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: March 16, 2000
GESFID, S.A.
By: /s/ Giovanni Saladino
-----------------------
Name: Giovanni Saladino
Title: General Manager
By: /s/ Gianmarco Colombo
-----------------------
Name: Gianmarco Colombo
Title: Director
Page 7 of 8
<PAGE>
SIGNATURES
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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: March 16, 2000
/s/ Antonio Saladino
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ANTONIO SALADINO
Page 8 of 8
