GILDER GAGNON HOWE & CO LLC
SC 13G/A, 2000-12-11
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                           --------------------------


                    Under the Securities Exchange Act of 1934

                                  SCHEDULE 13G
                                (Amendment No. 5)

             INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934




                        Correctional Services Corporation
                                (Name of Issuer)



                                  Common Stock
                         (Title of Class of Securities)



                                    219921103
                                 (CUSIP Number)



                                November 30, 2000
     -----------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)



Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

         |X|  Rule 13d-1(b)
         |_|  Rule 13d-1(c)
         |_|  Rule 13d-1(d)


                           -------------------------


                                Page 1 of 6 Pages

<PAGE>

                                  SCHEDULE 13G

CUSIP No. 219921103                                            Page 2 of 6 Pages
--------------------------------------------------------------------------------

1)         NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Gilder, Gagnon, Howe & Co. LLC
           13-3174112
--------------------------------------------------------------------------------
2)         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP         (a)   |_|

                                                                    (b)   |_|
--------------------------------------------------------------------------------
3)         SEC USE ONLY

--------------------------------------------------------------------------------
4)         CITIZENSHIP OR PLACE OF ORGANIZATION

           New York
--------------------------------------------------------------------------------
           NUMBER                    5)    SOLE VOTING POWER
           OF                              None
           SHARES                 ----------------------------------------------
           BENEFICIALLY              6)    SHARED VOTING POWER
           OWNED BY                        None
           EACH                   ----------------------------------------------
           REPORTING                 7)    SOLE DISPOSITIVE POWER
           PERSON                          None
           WITH                   ----------------------------------------------
                                     8)    SHARED DISPOSITIVE POWER
                                           1,469,850
--------------------------------------------------------------------------------
9)         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,469,850
--------------------------------------------------------------------------------
10)        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

                                                                       |-|
--------------------------------------------------------------------------------
11)        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           12.92%
--------------------------------------------------------------------------------
12)        TYPE OF REPORTING PERSON

           BD
--------------------------------------------------------------------------------

                                      -2-

<PAGE>

                                  Schedule 13G

Item 1(a).  Name of Issuer:

Correctional Services Corporation

Item 1(b).  Address of Issuer's Principal Executive Offices:

1819 Main Street
Suite 1000
Sarasota, FL  34236

Item 2(a).  Name of Person Filing:

Gilder, Gagnon, Howe & Co. LLC

Item 2(b).  Address of Principal Business Office or, if None, Residence:

1775 Broadway, 26th Floor
New York, NY  10019

Item 2(c).  Citizenship:

New York

Item 2(d).  Title of Class of Securities:

Common Stock

Item 2(e).  CUSIP Number:

219921103

Item        3. If this statement is filed pursuant to ss.ss. 240.13d-1(b), or
            240.13d-2(b) or (c), check whether the person filing is a:

            (a)   |X|  Broker or Dealer Registered Under Section 15 of the
                       Act (15 U.S.C. 78o)

            (b)   |_|  Bank as defined in section 3(a)(6) of the Act (15
                       U.S.C. 78c)

            (c)   |_|  Insurance Company as defined in section 3(a)(19) of
                       the Act (15 U.S.C. 78c)

            (d)   |_|  Investment Company registered under section 8 of the
                       Investment Company Act of 1940 (15 U.S.C. 80a-8)

            (e)   |_|  Investment Adviser in accordance withss.
                       240.13d-1(b)(1)(ii)(E)

            (f)   |_|  Employee benefit plan or endowment fund in accordance
                       withss.240.13d-1(b)(1)(ii)(F)


                                      -3-
<PAGE>

            (g)   |_|  Parent Holding Company or control person in
                       accordance withss.240.13d-1(b)(ii)(G)

            (h)   |_|  Savings Association as defined inss.3(b) of the
                       Federal Deposit Insurance Act (12 U.S.C. 1813)

            (i)   |_|  Church plan that is excluded from the definition of an
                       investment company under ss.3(c)(15) of the Investment
                       Company Act of 1940 (15 U.S.C. 80a-3)

            (j)   |_|  Group, in accordance withss.240.13d-1(b)(ii)(J)

Item 4.     Ownership.

            (a)   Amount beneficially owned:  1,469,850

            (b)   Percent of class:  12.92%

            (c)   Number of shares as to which such person has:

                  (i)   Sole power to vote or to direct the vote:  None

                  (ii)  Shared power to vote or to direct the vote:  None

                  (iii) Sole power to dispose or to direct the disposition
                        of:  None

                  (iv)  Shared power to dispose or to direct the disposition
                        of:  1,469,850

            The shares reported include 1,422,350 shares held in customer
            accounts over which partners and/or employees of the Reporting
            Person have discretionary authority to dispose of or direct the
            disposition of the shares, and 47,500 shares held in accounts owned
            by the partners of the Reporting Person and their families.

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.

The owners of the accounts in which the shares reported on this Schedule are
held have right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, such securities

Item 7.     Identification and Classification of the Subsidiary Which Acquired
            the Security Being Reported on by the Parent Holding Company.

Not applicable


                                      -4-
<PAGE>

Item 8.           Identification and Classification of Members of the Group.

Not applicable

Item 9.     Notice of Dissolution of Group.

Not applicable

Item 10.    Certification.

            By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.


                                      -5-
<PAGE>

                                    SIGNATURE


         After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.


                                    December 11, 2000
                                    ----------------------------------------
                                        Date


                                    /s/ Walter Weadock
                                    ----------------------------------------
                                        Signature


                                    Walter Weadock, Member
                                    -------------------------------------
                                        Name/Title


                                      -6-


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