SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
(Amendment No. )*
NICOLLET PROCESS ENGINEERING, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
654085109
(CUSIP Number)
DECEMBER 31, 1999
(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)
[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 the
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 9 Pages
<PAGE>
- --------------------------------------- ---------------------------------------
CUSIP No. 654085109 Page 2 of 9
- --------------------------------------- ---------------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oscar Capital Management, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 252,433
BENEFICIALLY
OWNED BY
EACH
REPORTING ---------------------------------------------------
PERSON WITH 6 SHARED VOTING POWER
0
---------------------------------------------------
7 SOLE DISPOSITIVE POWER
252,433
---------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
252,433
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.925%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
INSERT
- --------------------------------------- ---------------------------------------
CUSIP No. 654085109 Page 3 of 9
- --------------------------------------- ---------------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew K. Boszhardt, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,129,266
BENEFICIALLY
OWNED BY
EACH
REPORTING ---------------------------------------------------
PERSON WITH 6 SHARED VOTING POWER
0
---------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,129,266
---------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,129,266
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------- ---------------------------------------
CUSIP No. 654085109 Page 4 of 9
- --------------------------------------- ---------------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Anthony Scaramucci
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 166,667
BENEFICIALLY
OWNED BY
EACH
REPORTING ---------------------------------------------------
PERSON WITH 6 SHARED VOTING POWER
0
---------------------------------------------------
7 SOLE DISPOSITIVE POWER
166,667
---------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,667
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.61%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
Nicollet Process Engineering, Inc., a Minnesota corporation.
Item 1(b). Address of Issuer's Principal Executive Offices:
The principal executive offices of the issuer are located at 420 North
Fifth Street, Ford Centre, Suite 1040 Minneapolis, Minnesota 55401.
Item 2(a), (b) and (c). Name of Person Filing; Address of Principal Place of
business Office; Citizenship:
1. Oscar Capital Management, LLC
900 Third Avenue, 2nd Floor
New York, NY 10022
A Delaware limited liability company and a registered
investment adviser.
2. Andrew K. Boszhardt, Jr.
c/o Oscar Capital Management, LLC
900 Third Avenue, 2nd Floor
New York, NY 10022
Mr. Boszhardt is a citizen of the United States.
2. Anthony Scaramucci
c/o Oscar Capital Management, LLC
900 Third Avenue, 2nd Floor
New York, NY 10022
Mr. Scaramucci is a citizen of the United States.
Item 2(d). Title of Class of Securities:
The common stock of Nicollet Process Engineering, Inc. (the "Common
Stock").
Item 2(e). CUSIP Number:
654085109
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] 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).
<PAGE>
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C 80a-8).
(e) [X] An investment adviser in accordance with Rule 13d- 1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with Rule
13d- 1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with Rule
13d- 1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this
statement is filed pursuant to Rule 13d-1(c), check this box. [ ].
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 2,295,933.
(b) Percent of class: 8.41%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 2,295,933.
(ii) Shared power to vote or to direct the vote 0.
(iii) Sole power to dispose or to direct the disposition of 2,295,933.
(iv) Shared power to dispose or to direct the disposition of 0.
Oscar Capital Management, LLC may be deemed to share voting and dispositive
power with respect to and therefore to beneficially own, securities
beneficially owned by its investment management clients.
<PAGE>
Mr. Boszhardt is the Managing Member of Oscar Capital Management, LLC
responsible for determinations as to voting, purchases and sales, and
therefore has sole voting and dispositive power with respect to and
therefore is deemed to beneficially own securities beneficially owned by
Oscar Capital Management, LLC. Oscar Capital Management, LLC beneficially
owns an aggregate of 233,333 shares of Common Stock and has discretionary
control of the voting and dispositive power with respect to an additional
19,100 shares of Common Stock beneficially owned by its investment
management clients. These shares equal 0.925% of the outstanding Common
Stock. Mr. Boszhardt also has sole voting and dispositive power with
respect to 1,876,833 shares of Common Stock which he owns personally,
72,000 of these shares are in the form of currently exercisable warrants.
Mr. Boszhardt therefore, beneficially owns an aggregate of 2,129,266 shares
of Common Stock, which equals 7.8% of the outstanding Common Stock.
Mr. Scaramucci beneficially owns 166,667 shares of Common Stock,. This
constitutes 0.61% of the class of common stock. Mr. Scaramucci has sole
voting and dispositive power with regard to all of these shares.
Instruction. For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following: [ ].
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:
NOT APPLICABLE.
Item 8. Identification and Classification of Members of the Group.
NOT APPLICABLE.
Item 9. Notice of Dissolution of Group:
NOT APPLICABLE.
<PAGE>
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and 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>
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.
February 14, 2000 OSCAR CAPITAL MANAGEMENT, LLC
/s/ Andrew K. boszhardt Jr.
----------------------------------
Name: Andrew K. Boszhardt Jr.
Title:
ANDREW K. BOSZHARDT JR.
/s/ Andres K. Boszhardt Jr.
----------------------------------
Name: Andrew K. Boszhardt Jr.
Title:
ANTHONY SCARAMUCCI
/s/ Anthony Scaramucci
----------------------------------
Name: Anthony Scaramucci
Title:
