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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
First Virtual Holdings, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
337486104
(CUSIP Number)
Charles A. Nalbone, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(201) 739-2202
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 7, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(b) (3) or (4), check the
following box [ ] .
Check the following box if a fee is being paid with this statement
[ ] . (A fee is not required only if the reporting person: 1) has a
previous statement on file reporting beneficial ownership of more than
five percent of the class of securities described in Item 1; and 2) has
filed no amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class. (See Rule 13d-7)
Note: When filing this statement, in paper format, six copies of
this statement, including exhibits, should be filed with the Commission.
See Rule 13d-1(a) for other parties to whom copies are to be sent.
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CUSIP NO. 337486104
13D
NAME OF REPORTING PERSON
S.S. OR I.R.S. NOTIFICATION NO. OF ABOVE PERSON:
1 BEAR, STEARNS & CO. INC.
IRS #13-3299429
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*:
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*:
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d)(e):
[ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
7 SOLE VOTING POWER:
534,939
8 SHARED VOTING POWER:
0
9 SOLE DISPOSITIVE POWER:
534,939
10 SHARED DISPOSITIVE POWER:
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
534,939
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*:
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
6.1
14 TYPE OF REPORTING PERSON*:
BD
See Instructions Before Filling Out!
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Schedule 13D Amendment No. 1
This statement constitutes Amendment No. 1 to the statement on Schedule 13D
(the "Schedule 13D") filed with the Securities and Exchange Commission by Bear,
Stearns & Co. Inc. ("Bear Stearns") with respect to its ownership of the Common
Shares of First Virtual Holdings, Inc. (the "Issuer").
Item 3: Source and Amount of Funds or Other Consideration
The aggregate amount of funds used in making the purchases of the 87,472 Common
Shares of the Issuer referred to in Item 5(c) hereof was approximately
$699,776.00.
Item 5: Interest in Securities of the Issuer (as of 3/7/97)
(a) The responses of Bear Stearns to Rows (11) through (13) of the
cover page of this Amendment No. 1 to Schedule 13D are
incorporated herein by reference. To the best of Bear Stearns'
knowledge, none of its executive officers or directors
beneficially own any Common Stock of the Issuer.
(b) The responses of Bear Stearns to Rows (7) through (10) of the
cover page of this Amendment No. 1 to Schedule 13D are
incorporated herein by reference.
(c) Since the date of its initial filing on Schedule 13D, Bear
Stearns has effected transactions in the Common Shares of the
Issuer. The details of these transactions are set forth in Appendix
attached hereto.
(d) Not Applicable.
(e) Since the date of its initial filing on February 20, 1997 through
March 7, 1997, Bear Stearns purchased an additional 87,472 shares of
First Virtual Holdings, Inc. Accordingly, Bear Stearns increased its
beneficial ownership by more than one full percentage point of the
Common Stock of the Issuer on March 7, 1997.
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Signature:
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Dated: March 26, 1997 BEAR, STEARNS & CO. INC.
By: /s/
Aldo Parcesepe
Senior Managing Director
APPENDIX I
BEAR, STEARNS & CO. INC.
***** 03/07 *****
2,000 FIRST VIRTUAL HOLDINGS INC 7 1/4 14,500.00
300 FIRST VIRTUAL HOLDINGS INC 7.0833 2,124.99
1,000 FIRST VIRTUAL HOLDINGS INC 7 7,000.00
100- FIRST VIRTUAL HOLDINGS INC 7 1/2 749.97-
150- FIRST VIRTUAL HOLDINGS INC 7 1/2 1,124.96-
***** 03/06 *****
2,000 FIRST VIRTUAL HOLDINGS INC 7 1/4 14,500.00
1,000 FIRST VIRTUAL HOLDINGS INC 7.0600 7,060.00
500 FIRST VIRTUAL HOLDINGS INC 7 3,500.00
200- FIRST VIRTUAL HOLDINGS INC 7 1/2 1,499.95-
***** 03/05 *****
100 FIRST VIRTUAL HOLDINGS INC 7 9/16 756.25
200 FIRST VIRTUAL HOLDINGS INC 7 9/16 1,512.50
***** 03/05 *****
200 FIRST VIRTUAL HOLDINGS INC 7 1/2 1,500.00
1,000 FIRST VIRTUAL HOLDINGS INC 7 7/16 7,437.50
2,000 FIRST VIRTUAL HOLDINGS INC 7 1/4 14,500.00
5,000 FIRST VIRTUAL HOLDINGS INC 7 1/2 37,500.00
2,220 FIRST VIRTUAL HOLDINGS INC 7 1/16 15,678.75
1,000- FIRST VIRTUAL HOLDINGS INC 7 7/8 7,874.73-
***** 03/04 *****
1,500 FIRST VIRTUAL HOLDINGS INC 7 1/2 11,250.00
223 FIRST VIRTUAL HOLDINGS INC 7 1/8 1,588.88
2,000 FIRST VIRTUAL HOLDINGS INC 7 5/16 14,625.00
***** 03/03 *****
139 FIRST VIRTUAL HOLDINGS INC 7 5/8 1,059.88
500 FIRST VIRTUAL HOLDINGS INC 7 1/2 3,750.00
***** 03/03 *****
1,400 FIRST VIRTUAL HOLDINGS INC 7 5/8 10,675.00
2,500 FIRST VIRTUAL HOLDINGS INC 7 5/8 19,062.50
270 FIRST VIRTUAL HOLDINGS INC 7 1/8 1,923.75
600- FIRST VIRTUAL HOLDINGS INC 7 7/8 4,724.84-
***** 02/28 *****
200 FIRST VIRTUAL HOLDINGS INC 7 13/16 1,562.50
700 FIRST VIRTUAL HOLDINGS INC 7 13/16 5,468.75
1,000 FIRST VIRTUAL HOLDINGS INC 7 13/16 7,812.50
1,000 FIRST VIRTUAL HOLDINGS INC 7 13/16 7,812.50
1,000 FIRST VIRTUAL HOLDINGS INC 7 3/4 7,750.00
1,500 FIRST VIRTUAL HOLDINGS INC 7 13/16 11,718.75
4,000 FIRST VIRTUAL HOLDINGS INC 7 5/8 30,500.00
5,000 FIRST VIRTUAL HOLDINGS INC 7 3/4 38,750.00
100 FIRST VIRTUAL HOLDINGS INC 7 1/4 725.00
***** 02/28 *****
500 FIRST VIRTUAL HOLDINGS INC 7 9/16 3,781.25
1,000 FIRST VIRTUAL HOLDINGS INC 7.5250 7,525.00
1,110 FIRST VIRTUAL HOLDINGS INC 7.5300 8,358.30
***** 02/27 *****
200 FIRST VIRTUAL HOLDINGS INC 8 1,600.00
500 FIRST VIRTUAL HOLDINGS INC 8 4,000.00
1,000 FIRST VIRTUAL HOLDINGS INC 8 8,000.00
1,500 FIRST VIRTUAL HOLDINGS INC 8 12,000.00
1,500 FIRST VIRTUAL HOLDINGS INC 8 12,000.00
2,000 FIRST VIRTUAL HOLDINGS INC 8 16,000.00
5,000 FIRST VIRTUAL HOLDINGS INC 7 7/8 39,375.00
5,000 FIRST VIRTUAL HOLDINGS INC 8 40,000.00
***** 02/27 *****
213 FIRST VIRTUAL HOLDINGS INC 7.7653 1,654.01
500 FIRST VIRTUAL HOLDINGS INC 7 11/16 3,843.75
1,400 FIRST VIRTUAL HOLDINGS INC 7.8750 11,025.00
300- FIRST VIRTUAL HOLDINGS INC 8 1/8 2,437.41-
***** 02/26 *****
300 FIRST VIRTUAL HOLDINGS INC 8 2,400.00
1,000 FIRST VIRTUAL HOLDINGS INC 8 1/8 8,125.00
1,500 FIRST VIRTUAL HOLDINGS INC 8 12,000.00
2,000 FIRST VIRTUAL HOLDINGS INC 8 1/8 16,250.00
3,000 FIRST VIRTUAL HOLDINGS INC 8 3/8 25,125.00
3,000 FIRST VIRTUAL HOLDINGS INC 8 3/8 25,125.00
5,000 FIRST VIRTUAL HOLDINGS INC 8 3/8 41,875.00
***** 02/26 *****
1,000 FIRST VIRTUAL HOLDINGS INC 8 1/8 8,125.00
1,000 FIRST VIRTUAL HOLDINGS INC 7.8000 7,800.00
1,000 FIRST VIRTUAL HOLDINGS INC 7 13/16 7,812.50
500- FIRST VIRTUAL HOLDINGS INC 8 1/2 4,249.85-
1,000- FIRST VIRTUAL HOLDINGS INC 8 1/8 8,124.72-
1,500- FIRST VIRTUAL HOLDINGS INC 8 11,999.60-
1,500- FIRST VIRTUAL HOLDINGS INC 8 11,999.60-
***** 02/25 *****
1,500 FIRST VIRTUAL HOLDINGS INC 8 3/8 12,562.50
200 FIRST VIRTUAL HOLDINGS INC 8 1/8 1,625.00
800 FIRST VIRTUAL HOLDINGS INC 8.1700 6,536.00
***** 02/25 *****
2,000- FIRST VIRTUAL HOLDINGS INC 8 1/2 16,999.43-
***** 02/24 *****
2,000 FIRST VIRTUAL HOLDINGS INC 8.3340 16,668.00
2,000- FIRST VIRTUAL HOLDINGS INC 7 3/4 15,500.00-
100 FIRST VIRTUAL HOLDINGS INC 8 3/8 837.50
200 FIRST VIRTUAL HOLDINGS INC 8 1/8 1,625.00
2,000 FIRST VIRTUAL HOLDINGS INC 8.1750 16,350.00
1,000- FIRST VIRTUAL HOLDINGS INC 8 1/2 8,499.71-
***** 02/21 *****
1,000 FIRST VIRTUAL HOLDINGS INC 8 1/2 8,500.00
1,500 FIRST VIRTUAL HOLDINGS INC 8 1/2 12,750.00
1,500 FIRST VIRTUAL HOLDINGS INC 8 1/2 12,750.00
3,000 FIRST VIRTUAL HOLDINGS INC 8 3/8 25,125.00
1,900 FIRST VIRTUAL HOLDINGS INC 8 3/16 15,556.25
2,000 FIRST VIRTUAL HOLDINGS INC 7 3/4 15,500.00
2,400 FIRST VIRTUAL HOLDINGS INC 8 7/16 20,250.00
3,000 FIRST VIRTUAL HOLDINGS INC 8 1/4 24,750.00
200 FIRST VIRTUAL HOLDINGS INC 8 3/8 1,675.00
300- FIRST VIRTUAL HOLDINGS INC 8 1/2 2,549.91-
