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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
NetVantage, Inc.
________________________________________________________________________________
(Name of Issuer)
Class A Common Stock
________________________________________________________________________________
(Title of Class of Securities)
64120U10
________________________________________________________________________________
(CUSIP Number)
Stephen R. Rizzone
201 Continental Boulevard, Suite 201
El Segundo, California 90245
Telephone No. (310) 726-4130
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 240.13d-7(b) for
other parties to whom copies are to be sent.
(Continued on following pages) (Page 1 of 4 Pages)
_________________________
*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
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).
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SCHEDULE 13D
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CUSIP NO. 64120U10 PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen R. Rizzone
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
Not applicable.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
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SOLE VOTING POWER
7
NUMBER OF See Item 5 below.
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
See Item 5 below.
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING See Item 5 below.
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
See Item 5 below.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
See Item 5 below.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
See Item 5 below.
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Item 1. Security and Issuer.
The class of equity securities to which this statement relates is the
Class A Common Stock, par value $.001 per share ("Class A Common Stock"), of
NetVantage, Inc. (the "Issuer"). The principal executive offices of the Issuer
are located at 201 Continental Boulevard, Suite 201, El Segundo, California
90245.
Prior to the Merger (as defined below), the Issuer also had outstanding
shares of Class B Common Stock, par value $.001 per share (the "Class B Common
Stock"), and Class E Common Stock, par value $.001 per share (the "Class E
Common Stock").
Item 2. Identity and Background.
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This statement is being filed by Stephen R. Rizzone, a United States
citizen, whose business address is 201 Continental Boulevard, Suite 201, El
Segundo, California 90245. Prior to the Merger, Mr. Rizzone was the Chairman of
the Board, Chief Executive Officer and President of the Issuer.
Item 3. Source and Amount of Funds or Other Consideration.
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Not applicable.
Item 4. Purpose of Transaction.
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Not applicable.
Item 5. Interest in Securities of the Issuer.
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On September 25, 1998, a wholly owned subsidiary of Cabletron Systems,
Inc. was merged with and into the Issuer, which survived the Merger (the
"Merger"). In connection with the Merger, all of the shares of Class A Common
Stock owned by Mr. Rizzone were converted into the right to receive common stock
of Cabletron, and all of the warrants and options to acquire shares of Class A
Common Stock, Class B Common Stock and Class E Common Stock of Issuer granted to
Mr. Rizzone and his spouse were assumed by Cabletron at the exchange ratio of
8/13 of a share of Cabletron common stock for each share of Class A Common
Stock, each share of Class B Common Stock and each ten shares of Class E Common
Stock. Mr. Rizzone and his spouse have no further interest in any shares of any
capital stock of Issuer.
Page 3 of 4
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SIGNATURE
After due inquiry, to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and correct.
Dated: October 8, 1998
/s/ Stephen R. Rizzone
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Stephen R. Rizzone
