<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. )*
EFAX.COM, Inc
------------------------------------
(Name of Issuer)
Common Stock
------------------------------------
(Title of Class of Securities)
282012103
-----------
(CUSIP Number)
May 13, 1999
--------------------------------------------------------
Date of Event Which Requires Filing of the 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)
*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).
Page 1 of 22 Pages
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CUSIP NO. 282012103 13G PAGE 2 OF 22 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Citadel Limited Partnership
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois Limited Partnership
USA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 1.500 Shares of Series A Convertible Preferred Stock
(convertible into 709,640 Shares of Common Stock)*/
-
OWNED BY 300,000 Common Stock Purchase Warrants (exercisable
into 300,000 Shares of Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
See Item 6 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 6 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
CERTAIN SHARES*
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 Up to 7.5% as of the date of filing of this statement. (Based on
12,415,655 Shares of Common Stock issued and outstanding as of May 5,
1999, plus the Common Stock issuable upon the conversion of the Series A
Convertible Preferred Stock and the exercise of the Warrants referred to
in item 6 above)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN;HC
- ------------------------------------------------------------------------------
*Series A Convertible Stock also accrue dividends at a rate of 8% per annum,
payable in cash or Common Stock, at the discretion of the Issuer.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 282012103 13G PAGE 3 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name GLB Partners, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware Limited Partnership
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 1,500 Shares of Series A Convertible Preferred Stock
(convertible into 709,640 Shares of Common Stock)*/
-
OWNED BY 300,000 Common Stock Purchase Warrants (exercisable
into 300,000 Shares of Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
See Item 6 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 6 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 Up to 7.5% as of date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the
Common Stock issuable upon the conversion of the Series A Convertible
Preferred Stock and the exercise of the Warrants referred to in item 6
above.)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN;HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*/ Series A Convertible Preferred Stock also accrue dividends at a rate of 8%
- -
per annum, payable in cash or Common Stock, at the discretion of the Issuer.
Page 3 of 22 Pages
<PAGE>
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CUSIP NO. 282012103 13G PAGE 4 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Citadel Investment Group, L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware Limited Liability Company
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 1,500 Shares of Series A Convertible Preferred Stock
(convertible into 709,640 Shares of Common Stock)*/
OWNED BY -
300,000 Common Stock Purchase Warrants (exercisable
into 300,000 Shares of Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
See Item 6 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 6 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 Up to 7.5% as of the date of filing of this statement. (Based on
12,415,655 Shares of Common Stock issued and outstanding as of May 5,
1999, plus the Common Stock issuable upon the conversion of the Series A
Convertible Preferred Stock and the exercise of the Warrants referred to
in item 6 above.)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO;HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*/ Series A Convertible Preferred Stock also accrue dividends at a rate of 8%
- -
per annum, payable in cash or Common Stock, at the discretion of the Issuer.
Page 4 of 22 Pages
<PAGE>
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CUSIP NO. 282012103 13G PAGE 5 OF 22 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Kenneth Griffin
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S. Citizen
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 1,500 Shares of Series A Convertible Preferred Stock
(convertible into 709,640 Shares of Common Stock)*/
OWNED BY -
300,000 Common Stock Purchase Warrants (exercisable
into 300,000 Shares of Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
See Item 6 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 6 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 Up to 7.5% as of the date of filing of this statement. (Based on
12,415,655 Shares of Common Stock issued and outstanding as of May 5,
1999, plus the Common Stock issuable upon the conversion of the Series A
Convertible Preferred Stock and the exercise of the Warrants referred to
in item 6 above.)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*/ Series A Convertible Preferred Stock also accrue dividends at a rate of 8%
- -
per annum, payable in cash or Common Stock, at the discretion of the Issuer.
Page 5 of 22 Pages
<PAGE>
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CUSIP NO. 282012103 13G PAGE 6 OF 22 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Wellington Partners Limited Partnership
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
Illinois Limited Partnership
U.S.A.
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 525 Shares of Series A Convertible Preferred Stock
(convertible into 248,374 Shares of Common Stock)*/
OWNED BY -
105,000 Common Stock Purchase Warrants (exercisable
into 105,000 Shares of Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
See Item 6 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 6 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 Up to 2.8% as of the date of filing of this statement. (Based on
12,415,655 Shares of Common Stock issued and outstanding as of May 5,
1999, plus the Common Stock issuable upon the conversion of the Series A
Convertible Preferred Stock and the exercise of the Warrants referred to
in item 6 above.)
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN;HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*/ Series A Convertible Preferred Stock also accrue dividends at a rate of 8%
- -
per annum, payable in cash or Common Stock, at the discretion of the Issuer.
<PAGE>
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CUSIP NO. 282012103 13G PAGE 7 OF 22 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Wingate Capital Ltd.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Cayman Islands Company
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 525 Shares of Series A Convertible Preferred Stock
(convertible into 248,374 Shares of Common Stock)*/
OWNED BY -
105,000 Common Stock Purchase Warrants (exercisable
into 105,000 Shares of Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
See Item 6 above
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 6 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 Up to 2.8% as of the date of filing of this statement. (Based on
12,415,655 Shares of Common Stock issued and outstanding as of May 5,
1999, plus the Common Stock issuable upon the conversion of the Series A
Convertible Preferred Stock and the exercise of the Warrants referred to
in item 6 above.)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*/ Series A Convertible Preferred Stock also accrue dividends at a rate of 8%
- -
per annum, payable in cash or Common Stock, at the discretion of the Issuer.
<PAGE>
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CUSIP NO. 282012103 13G PAGE 8 OF 22 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Kensington Global Strategies Fund, Ltd.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda Company
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 975 Shares of Series A Convertible Preferred Stock
(convertible into 461,266 Shares of Common Stock)*/
-
OWNED BY 195,000 Common Stock Purchase Warrants (exercisable
into 195,000 Shares of Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
See Item 6 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 6 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
CERTAIN SHARES*
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 Up to 5.0% as of the date of filing of this statement. (Based on
12,415,655 Shares of Common Stock issued and outstanding as of May 5,
1999, plus the Common Stock issuable upon the conversion of the Series A
Convertible Preferred Stock and the exercise of the Warrants referred to
in item 6 above.)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*/Series A Convertible Preferred Stock also accrue dividends at a rate of 8% per
- -
annum, payable in cash or Common Stock, at the discretion of the Issuer.
Page 8 of 22 Pages
<PAGE>
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CUSIP NO. 282012103 13G PAGE 9 OF 22 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Name Fisher Capital Ltd.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Cayman Islands Company
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6 975 Shares of Series A Convertible Preferred Stock
(convertible into 461,266 Shares of Common Stock)*/
-
OWNED BY 195,000 Common Stock Purchase Warrants (exercisable
into 195,000 Shares of Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
See Item 6 above
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 6 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
CERTAIN SHARES* [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 Up to 5.0% as of the date of filing of this statement. (Based on
12,415,655 Shares of Common Stock issued and outstanding as of May 5,
1999, plus the Common Stock issuable upon the conversion of the Series A
Convertible Preferred Stock and the exercise of the Warrants referred to
in item 6 above.)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*/ Series A Convertible Preferred Stock also accrue dividends at a rate of 8%
- -
per annum, payable in cash or Common Stock, at the discretion of the Issuer.
Page 9 of 22 Pages
<PAGE>
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CUSIP NO. 282012103 13G PAGE 10 OF 22 PAGES
- ----------------------- ---------------------
SCHEDULE 13G
------------
Item 1(a) Name of Issuer: EFAX.COM, INC.
Item 1(b) Address of Issuer's Principal Executive Offices:
1378 WILLOW ROAD
MENLO PARK, CALIFORNIA 94025
Item 2(a) Name of Person Filing:
Item 2(b) Address of Principal Business Office:
Item 2(c) Citizenship:
Citadel Limited Partnership
225 W. Washington
9th Floor
Chicago, Illinois 60604
Illinois Limited Partnership
GLB Partners, L.P.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Delaware Limited Partnership
Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Delaware Limited Liability Company
Kenneth Griffin
225 W. Washington
9th Floor
Chicago, Illinois 60604
U.S. Citizen
Page 10 of 22 Pages
<PAGE>
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CUSIP NO. 282012103 13G PAGE 11 OF 22 PAGES
- ----------------------- ---------------------
Wellington Partners Limited Partnership
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Illinois limited partnership
Wingate Capital Ltd.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Cayman Islands company
Kensington Global Strategies Fund, Ltd.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Bermuda company
Fisher Capital Ltd.
c/o Citadel Investment Group, L.L.C.
225 W. Washington
9th Floor
Chicago, Illinois 60604
Cayman Islands company
Item 2(d) Title of Class of Securities:
Common Stock, Par Value $0.01 Per Share
Item 2(e) CUSIP Number: 282012103
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b)
Not appplicable
Item 4. Ownership:
Page 11 of 22 Pages
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CUSIP NO. 282012103 13G PAGE 12 OF 22 PAGES
- ----------------------- ---------------------
CITADEL LIMITED PARTNERSHIP
(a) Amount beneficially owned:
1,500 Shares of Series A Convertible Preferred Stock (convertible into 709,640
Shares of Common Stock)**
300,000 Common Stock Purchase Warrants (exercisable into 300,000 Shares of
Common Stock)
(b) Percent of Class:
Up to 7.5% as of the date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the Common
Stock issuable upon the conversion of the Series A Convertible Preferred Stock
and the exercise of the Warrants referred to in item (a) above.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
GLB PARTNERS, L.P.
(a) Amount beneficially owned:
1,500 Shares of Series A Convertible Preferred Stock (convertible into 709,640
Shares of Common Stock)**
300,000 Common Stock Purchase Warrants (exercisable into 300,000 Shares of
Common Stock)
Page 12 of 22 Pages
<PAGE>
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CUSIP NO. 282012103 13G PAGE 13 OF 22 PAGES
- ----------------------- ---------------------
(b) Percent of Class:
Up to 7.5% as of the date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the Common
Stock issuable upon the conversion of the Series A Convertible Preferred Stock
and the exercise of the Warrants referred to in item (a) above.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
CITADEL INVESTMENT GROUP, L.L.C.
(a) Amount beneficially owned:
1,500 Shares of Series A Convertible Preferred Stock (convertible into 709,640
Shares of Common Stock)**
300,000 Common Stock Purchase Warrants (exercisable into 300,000 Shares of
Common Stock)
(b) Percent of Class:
Up to 7.5% as of the date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the Common
Stock issuable upon the conversion of the Series A Convertible Preferred Stock
and the exercise of the Warrants referred to in item (a) above.)
Page 13 of 22 Pages
<PAGE>
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CUSIP NO. 282012103 13G PAGE 14 OF 22 PAGES
- ----------------------- ---------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
KENNETH GRIFFIN
(a) Amount beneficially owned:
1,500 Shares of Series A Convertible Preferred Stock (convertible into 709,640
Shares of Common Stock)**
300,000 Common Stock Purchase Warrants (exercisable into 300,000 Shares of
Common Stock)
(b) Percent of Class:
Up to 7.5% as of the date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the Common
Stock issuable upon the conversion of the Series A Convertible Preferred Stock
and the exercise of the Warrants referred to in item (a) above.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
Page 14 of 22 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 282012103 13G PAGE 15 OF 22 PAGES
- ----------------------- ---------------------
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
WELLINGTON PARTNERS LIMITED PARTNERSHIP
(a) Amount beneficially owned:
525 Shares of Series A Convertible Preferred Stock (convertible into 248,374
Shares of Common Stock)**
105,000 Common Stock Purchase Warrants (exercisable into 105,000 Shares of
Common Stock)
(b) Percent of Class:
Up to 2.8% as of the date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the Common
Stock issuable upon the conversion of the Series A Convertible Preferred Stock
and the exercise of the Warrants referred to in item (a) above.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
Pages 15 of 22 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 282012103 13G PAGE 16 OF 22 PAGES
- ----------------------- ---------------------
WINGATE CAPITAL LTD.
(a) Amount beneficially owned:
525 Shares of Series A Convertible Preferred Stock (convertible into 248,374
Shares of Common Stock)**
105,000 Common Stock Purchase Warrants (exercisable into 105,000 Shares of
Common Stock)
(b) Percent of Class:
Up to 2.8% as of the date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the Common
Stock issuable upon the conversion of the Series A Convertible Preferred Stock
and the exercise of the Warrants referred to in item (a) above.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
KENSINGTON GLOBAL STRATEGIES FUND, LTD.
(a) Amount beneficially owned:
975 Shares of Series A Convertible Preferred Stock (convertible into 461,266
Shares of Common Stock)**
195,000 Common Stock Purchase Warrants (exercisable into 195,000 Shares of
Common Stock)
Pages 16 of 22 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 282012103 13G PAGE 17 OF 22 PAGES
- ----------------------- ---------------------
(b) Percent of Class:
Up to 5.0% as of the date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the Common
Stock issuable upon the conversion of the Series A Convertible Preferred Stock
and the exercise of the Warrants referred to in item (a) above.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
FISHER CAPITAL LTD.
(a) Amount beneficially owned:
975 Shares of Series A Convertible Preferred Stock (convertible into 461,266
Shares of Common Stock)**
195,000 Common Stock Purchase Warrants (exercisable into 195,000 Shares of
Common Stock)
(b) Percent of Class:
Up to 5.0% as of the date of filing of this statement. (Based on 12,415,655
Shares of Common Stock issued and outstanding as of May 5, 1999, plus the Common
Stock issuable upon the conversion of the Series A Convertible Preferred Stock
and the exercise of the Warrants referred to in item (a) above.)
Page 17 of 22 Pages
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CUSIP NO. 282012103 13G PAGE 18 OF 22 PAGES
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
/**/ Series A Convertible Preferred Stock accrue dividends at a rate of 8%
per annum, payable in cash or Common Stock, at the discretion of the Issuer.
The securities reported herein are securities which the holders of such
securities may acquire in the future through the conversion of Series A
Convertible Preferred Stock and the exercise of Warrants for which they paid, in
the aggregate, $15,000,000 as of May 13, 1999 (the "Closing Date").
As of any date prior to and including May 13, 2002, subject to extension in
certain circumstances, subject to the limitations described below, all or a
portion of the Series A Convertible Preferred Stock may be converted by the
Reporting Persons into a number of shares of Common Stock determined by
multiplying the number of shares being converted by $10,000 (adding to the sum
an amount equal to any accrued but unpaid dividends due with respect to such
securities) and then dividing by the applicable conversion price ("Conversion
Price"). The initial Conversion Price is equal to $21.1375 per share (subject
to customary adjustments to prevent dilution) (the "Initial Conversion Price").
However, if the average of the closing bid prices (as reported on the Nasdaq
National Market System by Bloomberg Financial Markets) for the Issuer's Common
Stock in the twenty consecutive business day period ending on and including May
12, 2000 (the "Market Price") is less than the Initial Conversion Price in
effect on May 12, 2000, the Conversion Price from that date forward (subject to
customary adjustments to prevent dilution) shall be equal to the greater of (A)
60% of the Initial Conversion Price on May 12, 2000, and (B) the Market Price as
of May 12, 2000.
In addition, the Common Stock Purchase Warrants may be exercised by the
Reporting Persons into an equal number of shares of Common Stock at the
applicable exercise price ("Exercise Price") as of any date prior to and
including May 13, 2003. The initial Exercise Price is equal to $23.25125 per
share
Page 18 of 22 Pages
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CUSIP NO. 282012103 13G PAGE 19 OF 22 PAGES
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(subject to customary adjustments to prevent dilution) (the "Initial Exercise
Price"). However, if 110% of the Market Price as of May 12, 2000 is less than
the Initial Exercise Price in effect on May 12, 2000, the Exercise Price from
that date forward (subject to customary adjustments to prevent dilution) shall
be equal to the greater of (A) 60% of the Initial Exercise Price on May 12,
2000, and (B) 110% of the Market Price as of May 12, 2000. The foregoing
adjustment shall not apply, however, if the Issuer has required the conversion
of all Series A Convertible Preferred Stock prior to May 15, 2000.
As a consequence of the foregoing, the number of Shares of Common Stock into
which the Series A Convertible Preferred Stock may be converted and/or the
Warrants exercised, and consequently the number of shares of such Common Stock
which the holders of such securities may be deemed to beneficially own, may
increase solely as a result of the fluctuation of the Market Price of the Common
Stock during the twenty consecutive business day period ending on and including
May 12, 2000 and without any action being taken by the holders of such
securities.
None of the holders of the securities reported herein may convert or exercise
such securities to the extent that, after giving effect to such conversion
and/or exercise, through conversion of the Preferred Stock and/or exercise of
the Warrants or otherwise, such holder (together with such holder's affiliates)
would have acquired beneficial ownership of (as defined in Rule 13d-3, but
excluding securities other than that with respect to which such determination is
made) a number of shares which, when added to the number of shares of Common
Stock beneficially owned (as defined in Rule 13d-3, but excluding securities
other than that with respect to which such determination is made) at the
beginning of the 60-day period ending on and including the date of such
conversion and/or exercise, is in excess of 10.00% of the outstanding shares of
the Issuer's Common Stock following such conversion and/or exercise during the
60-day period ending on and including such conversion and/or exercise date.
Accordingly, the holders of such securities cannot be "beneficial owners" of
more than 10.00% of the securities of the Issuer within the meaning of Rule 13d-
3.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable.
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:
See Item 2 above.
Item 8 Identification and Classification of Members of the Group:
Not Applicable.
Item 9 Notice of Dissolution of Group:
Not Applicable.
Page 19 of 22 Pages
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CUSIP NO. 282012103 13G PAGE 20 OF 22 PAGES
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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 20 of 22 Pages
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CUSIP NO. 282012103 13G PAGE 21 OF 22 PAGES
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After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated this 24th day of May, 1999 /s/ Kenneth Griffin
----------------------
Kenneth Griffin
CITADEL LIMITED PARTNERSHIP CITADEL INVESTMENT GROUP, L.L.C.
By: GLB Partners, L.P., By: /s/ Kenneth Griffin
----------------------------
its General Partner Kenneth Griffin, President
By: Citadel Investment Group, L.L.C.,
its General Partner
By: /s/ Kenneth Griffin
---------------------------------
Kenneth Griffin, President
GLB PARTNERS, L.P. WINGATE CAPITAL LTD.
By: Citadel Investment Group, L.L.C., By: Citadel Limited Partnership,
its General Partner its Trading Manager
By: /s/ Kenneth Griffin By: GLB Partners, L.P.,
---------------------------------
Kenneth Griffin, President its General Partner
By: Citadel Investment Group, L.L.C.,
its General Partner
By: /s/ Kenneth Griffin
----------------------------
Kenneth Griffin, President
WELLINGTON PARTNERS LIMITED FISHER CAPITAL LTD.
PARTNERSHIP
By: Citadel Limited Partnership, By: Citadel Limited Partnership,
its General Partner its Trading Manager
By: GLB Partners, L.P., By: GLB Partners, L.P.,
its General Partner its General Partner
By: Citadel Investment Group, L.L.C., By: Citadel Investment Group, L.L.C.,
its General Partner its General Partner
By: /s/ Kenneth Griffin By: /s/ Kenneth Griffin
--------------------------------- ----------------------------
Kenneth Griffin, President Kenneth Griffin, President
Page 21 of 22 Pages
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CUSIP NO. 282012103 13G PAGE 22 OF 22 PAGES
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KENSINGTON GLOBAL STRATEGIES
FUND, LTD.
By: Citadel Limited Partnership,
its Trading Manager
By: GLB Partners, L.P.,
its General Partner
By: Citadel Investment Group, L.L.C.,
its General Partner
By: /s/ Kenneth Griffin
-------------------------------
Kenneth Griffin, President
Page 22 of 22 Pages
