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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 1)
NEWSEDGE CORPORATION (FORMERLY DESKTOP DATA, INC. )
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(Name of Issuer)
Common Stock, $.01 Par Value Per Share
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(Title of Class of Securities)
65249Q 10 6 (FORMERLY 25057H-10-1)
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(CUSIP Number)
Lawrence S. Wittenberg
Testa, Hurwitz & Thibeault, LLP
High Street Tower, 125 High Street,
Boston, MA 02110 (617) 248-7000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 24, 1998
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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 Rule 13d-1(b)(3) or (4), check the following box [_].
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
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/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 the 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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CUSIP NO. 65249Q-10-6 13D Page 2 of 4 Pages
(formerly 25057H-10-1)
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1 NAME OF REPORTING PERSON
Individual, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 04-3036959
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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*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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7 SOLE VOTING POWER
0
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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%
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14 TYPE OF REPORTING PERSON *
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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CUSIP NO. 65249Q-10-6
(formerly 25057H-10-1) 13D Page 3 of 4 Pages
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This Amendment No. 1 amends the Statement on Schedule 13D filed with the
Securities and Exchange Commission on November 12, 1997 (the "Schedule 13D") by
Individual, Inc. ("Individual") with respect to the shares of common stock, par
value $0.01, (the "Issuer Common Stock") of Desktop Data, Inc., now known as
NewsEDGE Corporation, (the "Issuer").
Unless otherwise defined herein, all capitalized terms shall have the meaning
ascribed to them in the Schedule 13D.
Item 5 of the Schedule 13D is hereby amended in its entirety to read as
follows:
Item 5. Interests in Securities of the Issuer
The merger (the "Merger") of Individual with and into the Issuer was
consummated on February 24, 1998. The Stock Option granted by the Issuer to
Individual, pursuant to which Individual had the right, upon the occurrence of
certain events, to purchase from the Issuer up to 1,726,398 shares of Issuer
Common Stock, terminated at the effective time of the Merger. In addition, the
Participation Agreement, which subjected shares of Issuer Common Stock
beneficially owned by Donald L. McLagan, Barbara B. McLagan as Custodian for
Marnie E. McLagan Under the Massachusetts Uniform Transfer to Minors Act,
Barbara B. McLagan as Custodian for Christopher R. McLagan Under the
Massachusetts Uniform Transfer to Minors Act, Edward R. Siegfried, Daniel F. X.
O'Reilly, Clifford M. Pollan, A. Baron Cass, June Rokoff, Rory Cowen, Ellen
Carnahan, William Blair Venture Partners III, and John L. Moss to certain voting
restrictions, terminated at the effective time of the Merger.
As a result of the Merger, no shares of Individual common stock, par value
$0.01 per share ("Individual Common Stock"), remain outstanding. Each issued and
outstanding share of Individual Common Stock was converted into one-half (1/2)
of one share of Issuer Common Stock.
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CUSIP NO. 65249Q-10-6 13D Page 4 of 4 Pages
(formerly 25057H-10-1)
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 24, 1998 INDIVIDUAL, INC.
By: /s/ Michael E. Kolowich
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Michael E. Kolowich
President, Chairman and Chief
Executive Officer
