SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. ______)*
FLEXIINTERNATIONAL SOFTWARE, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
338923 10 5
(CUSIP Number)
Brian P. Friedman
Furman Selz SBIC, L.P.
55 East 52nd Street
New York, New York 10055-0002
(212) 309-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 21, 1999
(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box [x]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 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 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).
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 2
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Furman Selz SBIC, L.P. 13-3756825
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 1,907,680
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 1,907,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,907,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 3
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Furman Selz SBIC Investments LLC 13-3863604
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 1,907,680
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 1,907,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,907,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 4
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Furman Selz Investments LLC 13-3863171
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 1,907,680
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 1,907,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,907,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 5
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING Baring Furman Selz LLC 13-3856626
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF and WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 2,032,180
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 2,032,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,032,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 6
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING Groep N.V.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 2,084,180
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 2,084,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,084,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IC
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 7
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING Merger, Inc. 75-2085140
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 2,032,180
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 2,032,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,032,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 8
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING (U.S.) Financial Holdings Corporation 51-0262561
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 2,084,180
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 2,084,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,084,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 9
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING Bank N.V.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 2,084,180
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 2,084,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,084,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BK
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 10
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brian P. Friedman ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 200,000
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 200,000
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 11
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James L. Luikart ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 100,000
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 100,000
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.6%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 12
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Saugatuck Partners L.P. 13-3803116
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 100,000
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 100,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.6%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 13
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Saugatuck International Ltd.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 1,500
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 1,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 14
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Furman Selz Management (BVI) Ltd.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 1,500
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 1,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 15
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Fairway Capital Partners L.P. 13-3921273
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 52,000
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 52,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 16
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FSIP LLC 13-3863170
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 52,000
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 52,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 17
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Furman Selz Capital Management LLC 13-3856627
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 52,000
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 52,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 18
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ING Furman Selz Asset Management LLC 13-4038444
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER 52,000
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 52,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 338923 10 5 Page 19
- ------------------------------------ ----------------------------
- -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Edmund Hajim ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 101,000
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 101,000
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
101,000 (includes 9000 shares owned by his children)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.6%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
ITEM 1. SECURITY AND ISSUER.
The securities to which this statement relates are shares of common
stock, par value $0.01 per share ("Common Stock"), of FlexiInternational
Software, Inc., a Delaware corporation ("FlexiInternational" or the "Company").
The principal executive office of FlexiInternational is located at Two
Enterprise Drive, Shelton Connecticut 06484.
ITEM 2. IDENTITY AND BACKGROUND.
The following table provides certain information about each of the
Reporting Persons.
Citizenship or State of Principal Occupation
Name and Address Incorporation/Organization or Business
Furman Selz SBIC, L.P. Delaware Small Business
("Furman Selz SBIC") Investment Company
55 East 52nd Street
New York, NY 10055-0002
Furman Selz SBIC Delaware Holding Company
Investments LLC ("FS SBIC
Investments")
55 East 52nd Street
New York, NY 10055-0002
Furman Selz Investments LLC Delaware Holding Company
("FS Investments")
55 East 52nd Street
New York, NY 10055-0002
ING Baring Furman Selz LLC Delaware Investment Banking
("ING Baring")
55 East 52nd Street
New York, NY 10055-0002
ING Merger, Inc. Delaware Holding Company
("ING Merger")
667 Madison Avenue
New York, New York 10021
ING (U.S.) Financial Delaware Holding Company
Holdings Corporation
("ING (U.S.)")
135 East 57th Street
New York, New York 10022
ING Bank N.V. The Netherlands Bank
("ING Bank")
P.O. Box 810
1000 AV
Amsterdam, The Netherlands
ING Groep N.V. The Netherlands Insurance Company
("ING Groep")
Strawinskylaan 2631
1097 ZZ Amsterdam
Brian P. Friedman United States of America President of
55 East 52nd Street Furman Selz SBIC
New York, NY 10055-0002 Investments, LLC
and Furman Selz
Investments, LLC
and a director
of the Company
James L. Luikart United States of America Executive Vice
55 East 52nd Street President of
New York, NY 10055-0002 Furman Selz SBIC
Investments, LLC
and Furman Selz
Investments, LLC
Edmund Hajim United States of America Executive Officer
230 Park Avenue of ING Baring
New York, NY 10169 Furman Selz LLC and
ING Asset Management
Saugatuck Partners L.P. Delaware Investment
("Saugatuck") Partnership
230 Park Avenue
New York, NY 10169
Saugatuck International Ltd. British Virgin Islands Investments
("Saugatuck International")
c/o Furman Selz Financial Services
12 Duke Lane, 3rd Floor
Dublin 2, Ireland
Fairway Capital Partners L.P. Delaware Investment
("Fairway") Partnership
230 Park Avenue
New York, NY 10169
FSIP LLC Delaware Registered
("FSIP") Investment
230 Park Avenue Advisors
New York, NY 10169
Furman Selz Capital Delaware Registered
Management LLC Investment
("Furman Selz Capital Advisors
Management")
230 Park Avenue
New York, NY 10169
ING Furman Selz Asset Delaware Holding Company
Management LLC
("ING Asset Management")
230 Park Avenue
New York, NY 10169
Furman Selz Management British Virgin Islands Investment
(BVI) Ltd. Management
("Furman Selz Management")
c/o Furman Selz Financial Services
12 Duke Lane, 3rd Floor
Dublin 2, Ireland
The Executive Board of ING Groep is the following:
Executive Board:
G.J.A. van der Lugt
drs. J.H. Holsboer
mr. E. Kist
ir. J.H.M. Lindenbergh
drs.ing. C. Maas
M. Minderhood
dr. A.H.G. Rinnooy Kan
M. Tilmant
The directors and executive officers of ING Merger, Inc. are the following:
Directors:
Fernando Gentil
Wietze Prinsen
Officers:
Fernando Gentil President
David Distler Vice President
Benjamin Emanuel Vice President
David Rutkin Vice President
Amanda D. Lister Treasurer
William Austin General Counsel and Secretary
Steven D. Blecher Senior Managing Director and
Assistant Secretary
Thalia Cody Assistant General Counsel and
Assistant Secretary
Edmund A. Hajim Senior Managing Director
Ivy Hwang Assistant General Counsel and
Assistant Secretary
Joseph Kaminsky Senior Vice President
Amanda D. Lister Managing Director
Robert J. Miller Assistant Treasurer
Wietze Prinsen Senior Managing Director
Hanne P. Thrush Assistant Secretary
The directors and executive officers of ING (U.S.) Financial Holdings
Corporation are the following:
Directors:
Fernando Gentil
Bart Staal
Officers:
Fernando Gentil President
Albert Staal Executive Vice President
Christopher Rowland Chief Financial Officer
Joseph Kaminsky Senior Vice President
Marianne Ruggiero Senior Vice President
Benjamin Emanuel Vice President
David Rutkin Vice President
Phil Schulze Vice President
Robert Tankoos Vice President
William A. Austin Secretary and General Counsel
Ivy Hwang Assistant General Counsel and
Assistant Secretary
Hanne P. Thrush Assistant Secretary
The Executive Board of ING Bank is the following:
G.J.A van der Lugt
drs. J.H. Holsboer
mr. E. Kist
ir. J.H.M. Lindenbergh
drs.ing. C. Maas
dr. A.H.G. Rinnooy Kan
M. Tilmant
The directors and executive officers of Furman Selz Management are the
following:
Directors:
Steven D. Blecher
Vincent Lepore
William L. Collins
Officers:
Steven D. Blecher President
Robert J. Miller Vice President, Treasurer
William L. Collins Vice President
Torman Limited Secretary
Thalia M. Cody Assistant Secretary
ING Groep owns 100% of ING Bank, which owns 100% of ING (U.S.), which
owns 100% of ING Merger, which owns 100% of ING Baring, which is the sole
managing member and owner of 99% of the interests of, FS Investments, which is
the sole managing member and owner of 99% of the interests of, FS SBIC
Investments. FS SBIC Investments is the sole general partner of Furman Selz
SBIC, which directly owns 1,907,680 shares of Common Stock of the Company.
ING (U.S.) also directly owns ING Asset Management, which is the sole
managing member, and owner of 100% of Furman Selz Capital Management, which is
the sole managing member and owner of 100% of FSIP, which is the sole general
partner of Fairway, which directly owns 52,000 shares of Common Stock of the
Company.
ING Baring is the sole general partner of Saugatuck, which directly
owns 100,000 shares of Common Stock of the Company.
ING Baring owns Furman Selz Management, the investment advisor to
Saugatuck International, which directly owns 1,500 shares of Common Stock of the
Company.
Brian P. Friedman directly owns 200,000 shares of Common Stock of the
Company and is the President of FS Investments and FS SBIC Investments.
ING Baring also owns directly an additional 23,000 shares of Common
Stock of the Company.
James L. Luikart directly owns 100,000 shares of Common Stock of the
Company and is the Executive Vice President of FS Investments and FS SBIC
Investments, the sole general partner of Furman Selz SBIC.
Edmund Hajim directly owns 101,000 shares of Common Stock of the
Company (including 9,000 shares owned by his children) and is an Executive
Officer of ING Baring and ING Asset Management.
(d) and (e). None of the Reporting Persons, and to the knowledge of
the Reporting Persons, none of the other individuals named have, within the last
five years, been convicted in criminal proceeding (excluding traffic violations
or similar misdemeanors), or have been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding been or are 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) Brain P. Friedman, James L. Luikart and Edmund Hajim are United
States citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS.
The shares of Common Stock of the Company owned by the Reporting
Persons was acquired for an aggregate purchase price of approximately
$5,131,128.00.
The funds for the purchase of shares of Common Stock of the Company by
Furman Selz SBIC were provided from the partners' capital contributions and
Small Business Administration issuance of preferred participating securities.
The funds for the purchase of shares of Common Stock of the Company by
ING Baring were provided from working capital.
The funds for the purchase of shares of Common Stock of the Company by
Saugatuck and Fairway were provided from the partners' capital contributions.
The funds for the purchase of shares of Common Stock of the Company by
Saugatuck International were provided from working capital.
The funds for the purchase of shares of Common Stock of the Company by
Brian P. Friedman, James L. Luikart and Edmund Hajim were provided from personal
funds.
ITEM 4. PURPOSE OF TRANSACTION.
The shares of Common Stock of the Company, the ownership of which is
reported hereby, were initially acquired for investment purposes in several
transactions beginning in May 1996. On January 21, 1999, Mr. Friedman was
elected to the Board of Directors of the Company. Since, pursuant to Section 141
of the Delaware General Corporation Law, the business of the Company is to be
managed by or under the direction of its Board of Directors, the Reporting
Persons believe that Rule 13d-1(e) under the Securities Exchange Act of 1934, as
amended, now requires the Reporting Persons to file this Statement on Schedule
13D rather than on Schedule 13G. The Reporting Persons expressly disclaim any
intention to control or acquire control of the Company. While the Board of
Directors (of which Mr. Friedman is now a member) may from time to time consider
matters of a nature similar to one or more of the actions enumerated under Item
4 of Schedule 13D, there exist at this time no plans or proposals which require
disclosure pursuant thereto.
The reporting persons reserve the right to acquire additional shares
of Common Stock of the Company, or to dispose of some or all of their shares of
Common Stock of the Company, in accordance with applicable regulations.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b)
<PAGE>
<TABLE>
<CAPTION>
Number of
Shares Beneficially Shared Voting Shared Investment Sole Voting Sole Investment Percentage
Name Owned Power Power Power Power of Class
- ---- ------------------- ------------- ----------------- ----------- --------------- ----------
<S> <C> <C> <C> <C> <C> <C>
Furman Selz SBIC 1,907,680 1,907,680 1,907,680 11.0%
FS SBIC
Investments 1,907,680 1,907,680 1,907,680 11.0%
FS Investments 1,907,680 1,907,680 1,907,680 11.0%
ING Baring 2,032,180 2,032,180 2,032,180 11.7%
ING Merger 2,032,180 2,032,180 2,032,180 11.7%
ING (U.S.) 2,084,180 2,084,180 2,084,180 12.0%
ING Bank 2,084,180 2,084,180 2,084,180 12.0%
ING Groep 2,084,180 2,084,180 2,084,180 12.0%
Brian P. Friedman 200,000 200,000 200,000 1.2%
James L. Luikart 100,000 100,000 100,000 0.6%
Edmund Hajim 101,000 101,000 101,000 0.6%
Saugatuck 100,000 100,000 100,000 0.6%
Saugatuck 1,500 1,500 1,500 0.01%
International
Furman Selz 1,500 1,500 1,500 0.01%
Management
Fairway 52,000 52,000 52,000 0.3%
FSIP 52,000 52,000 52,000 0.3%
Furman Selz Capital 52,000 52,000 52,000 0.3%
Management
ING Asset 52,000 52,000 52,000 0.3%
Management
</TABLE>
<PAGE>
As of September 30, 1998, the Company had 17,331,122 shares of Common
Stock outstanding.
(b) See the answer to Item 2 hereof.
(c) Fairway purchased 12,000 shares of Common Stock of the Company on
December 3, 1998 at a purchase price of $1.63 per share and 2,000 shares on
December 31, 1998 at a purchase price of $2.39 per share. Fairway purchased such
shares in ordinary brokerage transactions on the Nasdaq National Market. On
December 10, 1998, Edmund Hajim purchased 16,000 shares of Common Stock of the
Company at an average purchase price of $2.36 per share and on January 26, 1999,
an additional 5,000 shares at a purchase price of $2.50 per share. Edmund Hajim
purchased such shares in ordinary brokerage transactions on the Nasdaq National
Market.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable.
<PAGE>
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.
FURMAN SELZ SBIC, L.P.
By: /s/ Brian P. Friedman
------------------------
Name: Brian P. Friedman
Title: President of General Partner
FURMAN SELZ SBIC INVESTMENTS, LLC
By: /s/ Brian P. Friedman
--------------------------
Name: Brian P. Friedman
Title: President
FURMAN SELZ INVESTMENTS, LLC
By: /s/ Brian P. Friedman
--------------------------
Name: Brian P. Friedman
Title: President
ING BARING FURMAN SELZ LLC
By: /s/ Steven Blecher
---------------------------
Name: Steven Blecher
Title: Vice Chairman
ING MERGER, INC.
By: /s/ Steven Blecher
---------------------------
Name: Steven Blecher
Title: Senior Managing Director and
Assistant Secretary
ING (U.S.) FINANCIAL HOLDINGS
CORPORATION
By: /s/ William A. Austin
--------------------------
Name: William A. Austin
Title: Secretary
ING BANK N.V.
By: /s/ J. H. J. Houben
----------------------------
Name: J. H. J. Houben
Title:
By: /s/ P. F. M. Van Lierop
---------------------------
Name: P. F. M. Van Lierop
Title: Senior Legal Advisor
ING GROEP N.V.
By: /s/ J. H. J. Houben
----------------------------
Name: J. H. J. Houben
SAUGATUCK PARTNERS, L.P.
By: ING Baring Furman Selz LLC,
General Partner
By: /s/ Steven Blecher
-----------------------------
Name: Steven Blecher
Title: Vice Chairman
SAUGATUCK INTERNATIONAL LTD.
By: Furman Selz Management (BVI) Ltd.,
Manager
By: /s/ Steven Blecher
----------------------------
Name: Steven Blecher
Title: Director
FURMAN SELZ MANAGEMENT (BVI) LTD.
By: /s/ Steven Blecher
-----------------------------
Name: Steven Blecher
Title: Director
FAIRWAY CAPITAL PARTNERS, L.P.
By: FSIP LLC, General Partner
By: /s/ Steven Blecher
-----------------------------
Name: Steven Blecher
Title: Vice President
FSIP LLC
By: /s/ Steven Blecher
-----------------------------
Name: Steven Blecher
Title: Vice President
FURMAN SELZ CAPITAL
MANAGEMENT LLC
By: /s/ Steven Blecher
-----------------------------
Name: Steven Blecher
Title: Vice President
<PAGE>
ING FURMAN SELZ ASSET
MANAGEMENT LLC
By: /s/ Steven Blecher
-----------------------------
Name: Steven Blecher
Title: Vice President
/s/ Brian P. Friedman
--------------------------------
Brian P. Friedman
/s/ James L. Luikart
----------------------------------
James L. Luikart
----------------------------------
Edmund Hajim
