Page 1 of 9
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
RAVENSWOOD WINERY, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
754438109
(CUSIP Number)
Michael Moran
W.R. Hambrecht + Co., LLC
539 Bryant Street, Suite 100
San Francisco, CA 94107
(415) 551-3132
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 29, 2000
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.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 this schedule, including all exhibits. See ss.240.13d-7(b) for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a 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
"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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CUSIP No. 754438109 Page 2 of 9
SCHEDULE 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
W.R. Hambrecht + Co., LLC
94-3289837
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(a) (X)
(b) ( )
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ( )
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------------------
8 SHARED VOTING POWER
423,191
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9 SOLE DISPOSITIVE POWER
None
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
423,191
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
423,191
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)( )
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.71%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
BD
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CUSIP No. 754438109 Page 3 of 9
SCHEDULE 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William R. Hambrecht
###-##-####
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(a) (X)
(b) ( )
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF, AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ( )
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 109,765
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------------------
8 SHARED VOTING POWER
423,191
----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
109,765
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
423,191
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
532,956 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) ( )
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.97%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------------------------------------------------------------------------------
(1) Mr. Hambrecht has a 23.1% ownership interest in W.R. Hambrecht + Co., LLC
(the "LLC"). The LLC directly owns 423,191 shares of Ravenswood Winery, Inc. Mr.
Hambrecht directly owns 109,765 shares of Ravenswood Winery, Inc. Mr. Hambrecht
disclaims beneficial ownership of all the shares of Ravenswood Winery, Inc. held
directly by the LLC other than with respect to 97,757.12 shares represented by
his proportionate ownership interest in the LLC.
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CUSIP No. 754438109 Page 4 of 9
Statement on Schedule 13D
This Amendment No. 2 amends and supplements the initial Statement on
Schedule 13D of W.R. Hambrecht + Co., LLC ("LLC") filed with the Securities and
Exchange Commission on November 3, 1999, as amended on May 4, 2000, with respect
to the beneficial ownership by the LLC of shares of common stock, no par value
per share ("Common Stock"), of Ravenswood Winery, Inc., a California corporation
("Issuer"). The filing of this Amendment No. 2 is occasioned by the purchase and
sale of shares in the LLC's market making account as described in Item 5(c)
below. Except as set forth below, the information contained in the Original
Statement, as amended by Amendment No. 1, is unchanged.
To the extent that any information is provided herein with respect to the
Issuer, such information is provided to the knowledge of the LLC or Mr.
Hambrecht.
ITEM 1. SECURITY AND ISSUER.
The Original Statement, as amended by the Amendments No. 1 and No. 2
("Amended Statement"), relates to shares of the Common Stock, no par value, of
the Issuer. The address of the Issuer's principal executive offices is 18701
Gehricke Road, Sonoma, California 95476.
ITEM 2. IDENTITY AND BACKGROUND.
The Amended Statement is being filed jointly by William R. Hambrecht and
the LLC.
(a) (i) W.R. Hambrecht + Co., LLC.
(ii) William R. Hambrecht.
(b) (i) The LLC's principal business address is 539 Bryant Street, Suite
100, San Francisco, CA 94107.
(ii) Mr. Hambrecht's principal address is 539 Bryant Street, Suite
100, San Francisco, CA 94107.
(c) (i) The LLC is a Broker/Dealer.
(ii) Mr. Hambrecht is the sole Manager of the LLC.
(d) During the past five years, neither the LLC or Mr. Hambrecht has
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the past five years, neither the LLC or Mr. Hambrecht has
been party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws, or finding any violations with
respect to such laws.
(f) (i) The LLC is organized under the laws of the State of Delaware.
(ii) Mr. Hambrecht is a citizen of the United States of America.
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CUSIP No. 754438109 Page 5 of 9
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Working Capital of the LLC and personal funds of Mr. Hambrecht.
ITEM 4. PURPOSE OF TRANSACTION.
The acquisitions of Common Stock by the LLC were made as long-term
investments of the LLC or in its role as a market maker of the Issuer. The
acquisitions of Common Stock by Mr. Hambrecht were made as long-term
investments. Except as noted below, neither Mr. Hambrecht nor the LLC has any
present plans or proposals that relate to or would result in or cause:
(a) the acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
(d) any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) any material change in the present capitalization or dividend policy
of the Issuer;
(f) any other material change in the Issuer's business or corporate
structure;
(g) changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control
of the Issuer by any person;
(h) a class of securities of the Issuer being de-listed from a national
securities exchange or to cease to be authorized to be quoted in an
interdealer quotation system of a registered national securities
association;
(i) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or
(j) any action similar to any of those enumerated above.
The filing persons reserve the right to adopt such plans and proposals
subject to applicable regulatory requirements, if any; and to transfer
securities of the Issuer directly and/or sell securities of the Issuer in the
open market.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) According to the Issuer, there were 4,858,929 shares of Common Stock
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CUSIP No. 754438109 Page 6 of 9
outstanding as of September 11, 2000. As of October 9, 2000, the LLC currently
directly owns 423,191 shares of the Issuer's Common Stock, representing 8.71% of
the outstanding Common Stock. Mr. Hambrecht currently directly owns 109,765
shares of Common Stock of the Issuer. Mr. Hambrecht, as the sole Manager of the
LLC, has indirect beneficial ownership of the 423,191 shares of Common Stock
owned by the LLC. Mr. Hambrecht also has a 23.1% ownership interest in the
corporation that owns 100% of the LLC. Accordingly, Mr. Hambrecht disclaims
beneficial ownership of all shares of the Issuer held by the LLC other than with
respect to 97,757.12 shares represented by his proportionate ownership interest
in the LLC.
(b) The LLC and Mr. Hambrecht each have shared voting power and
dispositive power over the 423,191 shares of Common Stock held by the LLC.
(c) Except as set forth below, neither Mr. Hambrecht nor the LLC has
effected any transaction involving the Issuer's Common Stock during the 60 days
prior to the date of this Amended Statement.
During the period May 1, 2000 through October 9, 2000, the LLC made the
following open market purchases and sales of Common Stock in its capacity as
market maker for the Common Stock, which trades are shown net of all market
making transactions for that day with an average price:
BUY OR SELL TRADE DATE NO. OF SHARES PRICE PER NET AMOUNT
SHARE
S 05/01/2000 200 10.625 2,124.92
B 05/03/2000 90 10.5625 950.63
S 05/04/2000 140 10.625 1,487.45
S 05/09/2000 1,900 10.894 20,699.27
S 05/11/2000 2,600 10.694 27,804.79
S 05/12/2000 2,790 10.872 30,332.45
S 05/15/2000 710 10.877 7,722.77
S 05/18/2000 2,350 11.375 26,730.22
S 05/19/2000 3,000 11.5 34,500
S 05/22/2000 3,850 11.49 44,234.14
S 05/23/2000 850 11.5 9,119.69
S 05/24/2000 900 11.48 10,336.37
B 05/25/2000 400 10.44 4,175.99
S 05/26/2000 200 11.5 2,299.92
S 05/30/2000 2,000 11.48 22,955.47
S 05/31/2000 2,800 11.363 31,817.63
S 06/01/2000 1,000 11.375 11,374.62
S 06/05/2000 300 11.458 3,437.31
S 06/06/2000 10,000 11.438 114,383.60
B 06/07/2000 450 11.376 5,119.30
S 06/08/2000 350 11.196 3,918.52
B 06/14/2000 600 11.425 6,855
B 06/15/2000 1,500 11.508 17,262.54
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CUSIP No. 754438109 Page 7 of 9
BUY OR SELL TRADE DATE NO. OF SHARES PRICE PER NET AMOUNT
SHARE
B 06/16/2000 4,300 11.619 49,963.04
S 06/19/2000 3,400 13.134 44,654.48
S 06/20/2000 4,300 14.212 61,109.82
B 06/21/2000 1,200 13.010 15,612.59
B 06/23/2000 3,000 12.483 37,450
S 06/26/2000 300 12.916 3,874.86
S 06/27/2000 200 13 2,599.91
S 06/29/2000 100 13.25 1,324.95
S 06/30/2000 1,600 13.5 21,600
S 07/03/2000 1,000 13.75 13,749.54
S 07/05/2000 720 13.75 9,900
S 07/06/2000 100 14 1,399.95
S 07/07/2000 380 13.5625 5,153.57
S 07/10/2000 1,835 13.760 25,249.32
S 07/11/2000 400 13.75 5,499.81
B 07/14/2000 100 13.8125 1,381.25
S 07/14/2000 100 13.75 1,374.95
S 07/17/2000 765 13.558 10,371.88
B 07/18/2000 200 13.75 2,750
S 07/19/2000 400 13.734 5,493.56
S 07/20/2000 107 13.617 1,457.07
S 07/24/2000 193 13.375 2,581.29
S 07/25/2000 1,000 13.625 13,624.54
B 07/26/2000 5,400 13.025 70,333.75
S 07/27/2000 150 13.166 1,974.92
B 07/28/2000 650 12.947 8,415.63
B 07/31/2000 350 12.929 4,525
S 08/02/2000 745 13.224 9,852.11
S 08/08/2000 1,000 13.375 13,374.55
S 08/09/2000 2,205 13.496 29,759.61
S 08/10/2000 635 13.50 8,572.19
S 08/14/2000 400 13.5 5,399.81
S 08/15/2000 3,330 13.582 45,229.54
S 08/18/2000 1,800 13.788 24,817.91
B 08/21/2000 400 13.766 5,506.55
B 08/22/2000 400 13.5 5,400
S 08/22/2000 400 13.5 5,399.81
S 08/23/2000 400 13.5 5,399.82
B 08/28/2000 300 13.25 3,975
S 08/29/2000 9,935 13.904 138,133.67
B 08/30/2000 650 14.231 9,250.46
S 08/31/2000 2,400 14.680 35,231.17
S 09/01/2000 1,400 14.463 20,248.12
S 09/05/2000 900 14.637 13,173.61
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CUSIP No. 754438109 Page 8 of 9
BUY OR SELL TRADE DATE NO. OF SHARES PRICE PER NET AMOUNT
SHARE
B 09/06/2000 550 13.995 7,697.51
S 09/07/2000 4,897 14.192 69,499.17
S 09/13/2000 206 14.657 3,019.27
B 09/14/2000 200 14.25 2,850
S 09/19/2000 597 14.75 8,805.45
B 09/21/2000 600 14.125 8,475
S 09/22/2000 1,976 14.128 27,916.05
S 09/25/2000 4,224 14.49 62,299.01
S 09/27/2000 600 15 8,999.70
S 09/28/2000 3,000 15.466 46,397.38
B 09/29/2000 600 14.502 8,700.96
S 10/03/2000 500 14.25 7,124.52
B 10/04/2000 2,991 13.684 40,928.89
S 10/06/2000 100 14 1,399.95
S 10/09/2000 100 14.25 1,424.95
(d) Except as set forth in this Amended Statement, no other person is
known to have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the securities of the Issuer
that are owned beneficially by the reporting persons.
(e) Item 5(e) is not applicable to this Amended Statement.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following material was filed as an Exhibit to Amendment No. 1 to the
original Schedule 13D:
Exhibit A - Joint Filing Agreement dated as of May 4, 2000, between the
LLC and Mr. Hambrecht.
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CUSIP No. 754438109 Page 9 of 9
SIGNATURES
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.
Date: October 17, 2000
/s/ William R. Hambrecht
-----------------------------
William R. Hambrecht
W.R. Hambrecht + Co., LLC
By: William R. Hambrecht,
Manager
/s/ William R. Hambrecht
-----------------------------
William R. Hambrecht
