<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Spatialight, Inc.
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
805691102
(CUSIP Number)
-------------------------
Steven Francis Tripp
2021 Brook Highland Ridge
Birmingham, Alabama 35242
(205) 991-3375
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
-------------------------
Copy to:
M. Williams Goodwyn, Jr.
Bradley Arant Rose & White LLP
2001 Park Place, Suite 1400
Birmingham, Alabama 35203-2736
-------------------------
February 26, 1999
(Date of Event Which Requires Filing of this Statement)
- --------------------------------------------------------------------------------
If this 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(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*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 in 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> 2
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ronald A. Weyers
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
166,666.67
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 166,666.67
WITH
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,666.67
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.46%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 3
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey J. Weyers
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
166,666.67
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 166,666.67
WITH
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,666.67
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.46%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 4
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Robert J. Weyers
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
166,666.67
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 166,666.67
WITH
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,666.67
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.46%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 5
CUSIP No. 805691102 13D
- --------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Matthew A. King
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
50,000
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 50,000
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.44%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 6
CUSIP No. 805691102 13D
- --------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Robert O. Rolfe
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
133,333.33
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 133,333.33
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
133,333.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.17%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 7
CUSIP No. 805691102 13D
- --------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John W. Eakin
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
33,333.33
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 33,333.33
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,333.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.30%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 8
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bryan B. Starr, Sr.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
33,333.33
------- --------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES -0-
BENEFICIALLY
OWNED BY ------- --------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 33,333.33
WITH
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,333.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.30%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 9
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bryan B. Starr, Jr.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
33,333.33
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 33,333.33
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,333.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.30%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 10
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Robert E. Woods
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
66,666.67
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 66,666.67
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,666.67
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.59%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 11
CUSIP No. 805691102 13D
- --------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Marcia K. Tripp
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
266,666.67
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 266,666.67
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
266,666.67
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.31%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 12
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Lisa Marie Tripp Trust
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Alabama
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
66,666.67
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 66,666.67
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,666.67
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.59%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE> 13
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wayne Patrick Tripp Trust
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Alabama
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
66,666.67
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 66,666.67
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,666.67
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.59%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE> 14
CUSIP No. 805691102 13D
- --------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Steven Francis Tripp
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
133,333.33
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 133,333.33
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
133,333.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.17%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 15
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FBO Jimmie H. Harvey, M.D. Birmingham Hematology & Oncology Associates,
SLB Flex Prototype P/S Plan DTD 10-17-85
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Alabama
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
166,666.67
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 166,666.67
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,666.67
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.46%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
EP
- --------------------------------------------------------------------------------
<PAGE> 16
CUSIP No. 805691102 13D
- --------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jimmie H. Harvey, M.D.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
334,933.33
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 334,933.33
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,933.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.88%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 17
CUSIP No. 805691102 13D
- --------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hilliard Limited Partnership
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Wisconsin
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
200,000
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 200,000
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.74%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 18
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wallace J. Hilliard Flint Trust
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Wisconsin
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
133,333.33
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 133,333.33
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
133,333.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.17%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE> 19
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Dan Hilliard
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
133,333.33
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 200,000.00
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 133,333.33
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
200,000.00
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
333,333.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.87%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 20
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Paul Klister
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
100,000.00
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 100,000.00
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000.00
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.88%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 21
CUSIP No. 805691102 13D
- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jefferson R. Cobb
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
100,000
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 100,000
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.88%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 22
CUSIP No. 805691102 13D
- --------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
David A. Twiford IRT
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
33,333.33
------- --------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ------- --------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 33,333.33
------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,333.33
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.30%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE> 23
This Amendment No. 1 amends and supplements the statement on Schedule
13D filed with the Securities and Exchange Commission (the "Commission") on
November 25, 1998 (the "Schedule 13D") with respect to shares of Common Stock,
par value $0.01 per share ("Spatialight Shares") of Spatialight, Inc., a New
York corporation ("Spatialight"). The Schedule 13D was originally filed when
certain investors invested in convertible secured notes (the "Notes") of
Spatialight that are convertible into Spatialight Shares (the "Original Filing
Persons") because the Original Filing Persons may be deemed, with respect to
such actions (but not otherwise), to be a "group" for purposes of Section
13(d)(3) of the Securities Exchange Act of 1934 (the "Exchange Act"). This
Amendment No. 1 is being filed because certain of the Original Filing Persons
have made an additional investment in the Notes and one new investor, the David
A. Twiford IRT, has invested in the Notes (the "Second Round Investment"). The
Original Filing Persons and the David A. Twiford IRT (collectively, the "Current
Filing Persons") disclaim membership in a Section 13(d)(3) group. Except as
amended and supplemented herein, the information set forth in the originally
filed Schedule 13D remains true and correct in all material respects.
Item 2. Identity and Background.
(a) The name of the new filing person is the David A. Twiford IRT
(the "Twiford IRT").
(b) The business address of the Twiford IRT is 871 Ridgeway Loop,
Memphis, Tennessee 38120.
(c) Not applicable to the Twiford IRT.
(d)-(e) During the last five years, the Twiford IRT has not been
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors), nor has the Twiford IRT been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
(f) Not applicable to the Twiford IRT.
Item 3. Source and Amount of Funds or Other Consideration.
David A. Twiford IRT used personal funds to invest in the Notes.
Item 5. Interest in Securities of the Issuer.
(a),(b) The Current Filing Persons presently beneficially own an
aggregate of 2,151,600.00 Spatialight Shares, or approximately 16.02% of the
aggregate number of Spatialight Shares reported by Spatialight as being
outstanding as of October 23, 1998. This represents an increase of 334,934.66,
or 2.15%, over the number of Spatialight Shares reported as beneficially owned
by the Original Filing Persons on the Schedule 13D as originally filed. The
table set forth below shows the amount each investor invested in the Second
Round Investment. Schedule 1, which is annexed hereto and incorporated herein by
reference, sets forth certain information with respect to the total number of
Spatialight Shares currently owned by (i) the Twiford IRT, (ii) each of the
Original Filing Persons who made an additional investment in the Notes, and
(iii) Jimmie H. Harvey, M.D, and the power of each such person to vote or
dispose of the Spatialight Shares owned by such person. The Original
<PAGE> 24
Filing Persons disclaim beneficial ownership of the Spatialight Shares
beneficially owned by the Twiford IRT, and the Twiford IRT disclaims beneficial
ownership of the Spatialight Shares beneficially owned by the Original Filing
Persons.
<TABLE>
<CAPTION>
Investor Amount Invested in Second Round Investment
-------- ------------------------------------------
<S> <C>
Ronald A. Weyers $41,667.00
Jeffrey J. Weyers $41,667.00
Robert J. Weyers $41,667.00
Robert O. Rolfe $50,000.00
Paul A. Klister $50,000.00
David A. Twiford IRT $25,000.00
</TABLE>
(c) All of the milestone events that were to be achieved by
Spatialight as a condition to the Original Filing Persons' obligation to advance
funds to Spatialight have occurred as of the date hereof. Except for the Twiford
IRT's rights under the Note, including its right to receive Spatialight Shares
in lieu of interest, David A. Twiford IRT has no right to acquire, directly or
indirectly, any Spatialight Shares. Except as described herein, no Current
Filing Person has effected any transactions in the Spatialight Shares during the
past 60 days. Paul A. Klister acquired 6,700 Spatialight Shares in a broker's
transaction on December 15, 1998 at $1.3750 per share. Mr. Klister sold 3,000
Spatialight Shares in a broker's transaction on December 21, 1998 at $1.8125 per
share. Mr. Klister sold 3,700 Spatialight Shares in a broker's transaction on
December 21, 1998 at $1.6875 per share. Jimmie H. Harvey acquired 1,600
Spatialight Shares in a broker's transaction on December 16, 1998 at $1.5215 per
share.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
The loan documents executed in connection with the Twiford IRT's
investment in the Notes are substantially similar to those executed in
connection with the Original Filing Persons' investments in the Notes. The
Twiford IRT has been granted registration rights under a registration right
agreement with Spatialight (the "Registration Rights Agreement"), and the
Twiford IRT has entered into a security agreement (the "Security Agreement") and
an intercreditor agreement (the "Intercreditor Agreement") relating to its
shared security interest in the collateral of Spatialight. The Twiford IRT has
also entered into a note holders' representative agreement (the "Note Holders'
Representative Agreement") whereby it agreed to nominate to Spatialight Steven
Francis Tripp as a director of Spatialight pursuant to the terms of its Loan
Agreement and to appoint him its agent for purposes of protecting its rights
with respect to the collateral securing the Notes. Other than as disclosed in
the Schedule 13D as originally filed, there exist no contracts, arrangements,
understandings or relationships (legal or otherwise) among the Current Filing
Persons or between any of them and any other person with respect to any
securities of Spatialight, including but not limited to the transfer or voting
of any such securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or
losses, or the acquiring or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
(a) The Powers of Attorney executed by the Original Filing Persons
authorizing the execution of the Schedule 13D and all amendments thereto on
their behalf by M. Williams Goodwyn, Jr. or James W. Childs, Jr. that were
previously filed as Exhibit 1 to the originally filed Schedule 13D are
incorporated herein by reference. Attached to this Amendment No. 1 as Exhibit 1
is a copy of the Power of Attorney executed by the Twiford IRT
<PAGE> 25
authorizing the execution of the Schedule 13D and all amendments thereto on its
behalf by M. Williams Goodwyn, Jr. or James W. Childs, Jr.
(b) The loan documents executed in connection with the Twiford
IRT's investment in the Notes are substantially similar to those executed in
connection with the Original Filing Persons' investments in the Notes. In
addition, the Notes issued in connection with the Second Round Investment are
substantially similar to the Notes issued to the Original Filing Persons.
Therefore, the Form of Note, Form of Loan Agreement, Form of Security Agreement,
Form of Intercreditor Agreement, Form of Registration Rights Agreement, and Form
of Note Holders' Representative Agreement previously filed as Exhibits 2 through
7 to the originally filed Schedule 13D are incorporated herein by reference. A
Form of the Agreement between Spatialight and each of the Original Filing
Persons who participated in the Second Round Investment is attached hereto as
Exhibit 2.
<PAGE> 26
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this Statement is true, complete and correct.
DATED: March 5, 1999
<TABLE>
<S> <C>
* *
- --------------------------------------------- ---------------------------------------------
Ronald A. Weyers Wayne Patrick Tripp Trust
* *
- --------------------------------------------- ---------------------------------------------
Jeffrey J. Weyers Lisa Marie Tripp Trust
* *
- --------------------------------------------- ---------------------------------------------
Robert J. Weyers Steven Francis Tripp
* *
- --------------------------------------------- ---------------------------------------------
Matthew A. King FBO Jimmie H. Harvey, M.D. Birmingham
Hematology & Oncology Associates, SLB Flex
* Prototype P/S Plan DTD 10-17-85
- ---------------------------------------------
Robert O. Rolfe
* *
- --------------------------------------------- ---------------------------------------------
John W. Eakin Jimmie H. Harvey, M.D.
* *
- --------------------------------------------- ---------------------------------------------
Bryan B. Starr, Sr. Hilliard Limited Partnership
* *
- --------------------------------------------- ---------------------------------------------
Bryan B. Starr, Jr. Wallace J. Hilliard Flint Trust
* *
- --------------------------------------------- ---------------------------------------------
Robert E. Woods Paul Klister
* *
- --------------------------------------------- ---------------------------------------------
Marcia K. Tripp Jefferson R. Cobb
* *
- --------------------------------------------- ---------------------------------------------
Dan Hilliard David A. Twiford IRT
*By: /s/ JAMES W. CHILDS, JR.
-----------------------------------------
James W. Childs, Jr.
attorney-in-fact
</TABLE>
<PAGE> 27
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
PAGES IN
SEQUENTIALLY
EXHIBIT NUMBERED
NO. DESCRIPTION FILING
<S> <C> <C>
1. Power of Attorney _____
2. Form of Agreement _____
</TABLE>
<PAGE> 28
SCHEDULE 1
<TABLE>
<CAPTION>
Number of Number of Number of Number of
Shares With Shares With Shares With Shares With
Number and Respect to Which Respect to Which Respect to Which Respect to Which
Percentage of the Filing the Filing Person the Filing Person the Filing Person
Class of Shares Person Has Has Shared Has Sole Has Shared
Name of Beneficially Sole Voting Voting Dispositive Dispositive
Filing Person Owned Power Power Power Power
------------- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C>
Ronald A. Weyers 166,666.67 166,666.67 -0- 166,666.67 -0-
Jeffrey J. Weyers 166,666.67 166,666.67 -0- 166,666.67 -0-
Robert J. Weyers 166,666.67 166,666.67 -0- 166,666.67 -0-
Robert O. Rolfe 133,333.33 133,333.33 -0- 133,333.33 -0-
Jimmie H. Harvey,
M.D. 334,933.33 334,933.33 -0- 334,933.33 -0-
Paul A. Klister 100,000.00 100,000.00 -0- 100,000.00 -0-
David A. Twiford IRT 33,333.33 33,333.33 -0- 33,333.33 -0-
</TABLE>
<PAGE> 1
Exhibit 1. Power of Attorney
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS THAT:
The undersigned does hereby constitute and appoint M. Williams Goodwyn,
Jr. and James W. Childs, Jr., or either of them, as my attorney-in-fact (the
"Attorney") for the purpose and with the powers hereinafter stated:
To prepare or cause to be prepared, execute and file a Schedule 13D
(including all amendments thereto) with the Securities and Exchange Commission,
Washington, D.C., and to prepare or cause to be prepared, execute and file such
supporting, supplemental or additional schedules, statements, documents, papers,
instruments, agreements and exhibits as my Attorney shall deem necessary or
incidental to effecting such filing or as my Attorney shall deem appropriate or
desirable in connection with effecting such filing.
To prepare or cause to be prepared, execute and file all other
schedules and statements (including all amendments thereto) with the Securities
and Exchange Commission, Washington, D.C., as my Attorney shall deem necessary,
appropriate or desirable, and to prepare or cause to be prepared, execute and
file such supporting supplemental or additional schedules, statements,
documents, papers, instruments, agreements, and exhibits as my Attorney shall
deem necessary or incidental to such filing or as my Attorney shall deem
appropriate or desirable in connection with effecting such filing.
To prepare or cause to be prepared, execute and file with the
appropriate regulatory authority or entity, including, without limitation, any
Securities Commission of any state, such additional schedules, statements,
agreements, documents, instruments or papers (including all amendments and
supplements thereto) as my Attorney shall deem necessary or as my Attorney shall
deem appropriate or desirable in connection with effecting any of the foregoing.
The undersigned hereby directs that no person who may have any dealing
with my Attorney shall be under any duty to notice, or to inquire into, the
actual power or authority of my Attorney to do anything which my Attorney may
undertake to do in an effort to exercise any power herein conferred; nor shall
any such person be under any duty to see to, or make inquiry about, the proper
discharge by my Attorney of the power herein conferred.
<PAGE> 2
IN WITNESS WHEREOF, the undersigned has executed this instrument as of
this 22 day of February, 1999.
DAVID A. TWIFORD IRT
/S/ DAVID A. TWIFORD IRT
------------------------------------
By: /S/ DAVID A. TWIFORD
---------------------------------
WITNESSES:
/S/ PEGGY TACKER
- ------------------------------------
Name
8363 WESTFAIR GERMANDTOWN, TN 38139
- ------------------------------------
Street Address, City and State
/S/ JACK ERB
- ------------------------------------
Name
1525 W. MASSEY MEMPHIS, TN 38120
- ------------------------------------
Street Address, City and State
<PAGE> 1
Exhibit 2. Form of Agreement
AGREEMENT
This AGREEMENT, dated February ___, 1999 (this "Amendment"), is made by
and between SPATIALIGHT, INC., a New York corporation (the "Company"), and
______________ (as "Lender").
WHEREAS, the Company and Lender have entered into that certain
Convertible Secured Loan Agreement, dated as of November 20, 1998 (the "Loan
Agreement"), wherein Lender together with other lenders agreed to advance funds
to the Company in an amount not to exceed $2,000,000 (the "Convertible Secured
Loan") evidenced by certain Convertible Secured Notes made by the Company in
favor of the lenders; and
WHEREAS, Lender advanced $_________ of the Convertible Secured Loan to
the Company on November 20, 1998 in accordance with the terms and conditions of
the Loan Agreement, and the Company executed and delivered to Lender that
certain Convertible Secured Note, dated November 20, 1998, in the principal
amount of $__________ (the "First Note"); and
WHEREAS, Lender desires to advance an additional $_________ of the
Convertible Secured Loan to the Company; and
WHEREAS, the $_________ that Lender advanced to the Company on November
20, 1998 was held in escrow for a period of time and then was released to the
Company in accordance with Section 2.2 of the Loan Agreement and the Funds
Release Schedule set forth on Exhibit 2 thereto; and
WHEREAS, all of the events set forth on the Funds Release Schedule have
now occurred, making it unnecessary to condition the release of Lender's
additional $_________ advancement upon the occurrence of such events.
NOW, THEREFORE, in consideration of the foregoing and of the mutual
covenants and agreements set forth herein, the parties hereto agree as follows:
1. On or about February __, 1999, the Company will execute and deliver
its Convertible Secured Note, in the form attached hereto as Exhibit 1, to the
Lender, in the principal amount of $_________ (the "Second Note"), and the
Lender will advance the principal amount of the Second Note to the Company.
2. The Company ratifies and affirms that (a) the conditions to the
Lender's obligation to close set forth in Section 2.7 of the Loan Agreement,
other than those waived by the Lender on the Closing Date, were satisfied on or
before the Closing Date, and (b) the representations and warranties of the
Company set forth in Section 4 of the Loan Agreement were true and correct as of
the Closing Date and on the date of each advance of funds thereafter.
3. This Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts, with the same effect as if
all parties had signed the same document. All such counterparts shall be deemed
an original, shall be construed together and shall
<PAGE> 2
constitute one and the same instrument. Execution and delivery by facsimile
shall constitute good and valid execution and delivery unless and until replaced
or substituted by an original executed instrument.
IN WITNESS WHEREOF, each of the parties hereto has caused this
Amendment to be executed and delivered by its duly authorized officer on the
date first set forth above.
SPATIALIGHT, INC.
By:
------------------------------------
Its:
-----------------------------------
---------------------------------------
-----------
