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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
FEINBERG STEPHEN
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(Last) (First) (Middle)
C/O CERBERUS PARTNERS, L.P.
450 PARK AVENUE - 28TH FLOOR
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(Street)
NEW YORK NY 10022
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
DUALSTAR TECHNOLOGIES CORPORATION (DSTR)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
DECEMBER/2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X*] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[X*] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Persion
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common By limited
Warrants $4.00* 12/18/00* J* 175,000* IMMED.* 12/31/07* Stock 175,000* 2,950,000* I* liability
(right to buy) company*
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</TABLE>
Explanation of Responses:
*The securities reported herein consist of warrants to purchase shares of the
Common Stock, par value $.01 per share (the "Common Stock"), of DualStar
Technologies Corporation ("DualStar"), which are held by DSTR Warrant Co., LLC.
The reporting person exercises sole voting and investment control of all
securities of DualStar held by DSTR Warrant Co., LLC.
*The number of warrants reported herein is subject to reduction in part, or
termination in full, in certain events.
* The reported transaction consists of the transfer by DSTR Warrant Co., LLC,
pursuant to a participation agreement entered into on December 18, 2000, of an
undivided participating interest in 5.6% of the warrants to purchase the
3,125,000 shares of the Common Stock of DualStar held by DSTR Warrant Co., LLC.
Pursuant to such participation agreement, the reporting person, through DSTR
Warrant Co., LLC, retained all voting and investment control with respect to the
warrants and the shares of the Common Stock underlying the warrants.
*The reporting person's interest in the securities reported herein is limited to
his pecuniary interest in such securities, if any.
By: /s/Stephen Feinberg January 8, 2001
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
Potential persons who are to respond to the collection of information
contained in this form are not required unless the form displays a
currently valid OMB Number