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. 2)*
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, 37th Floor
New York, New York 10055-0002
(212) 309-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 8, 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 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 8 SHARED VOTING POWER 1,462,680
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,462,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,462,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
- -------------------------------------------------------------------------------
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 8 SHARED VOTING POWER 1,462,680
OWNED BY -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,462,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,462,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
- -------------------------------------------------------------------------------
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 8 SHARED VOTING POWER 1,462,680
OWNED BY ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,462,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,462,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
- -------------------------------------------------------------------------------
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 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, 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 8 SHARED VOTING POWER 1,474,180
OWNED BY ----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ----------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,474,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,474,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
- -------------------------------------------------------------------------------
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 (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 8 SHARED VOTING POWER 1,474,180
OWNED BY ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,474,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,474,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*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 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 8 SHARED VOTING POWER 1,474,180
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,474,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,474,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BK
- -------------------------------------------------------------------------------
*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 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 8 SHARED VOTING POWER 1,474,180
OWNED BY ----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING ----------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,474,180
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,474,180
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IC
- -------------------------------------------------------------------------------
*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)
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 8 SHARED VOTING POWER
OWNED BY ----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 200,000
REPORTING ----------------------------------------------
PERSON WITH 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)
1.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*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)
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 8 SHARED VOTING POWER
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 100,000
REPORTING -----------------------------------------------
PERSON WITH 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)
0.6%
- -------------------------------------------------------------------------------
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)
Terrence Quinn
- -------------------------------------------------------------------------------
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 34,091
SHARES ----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY ----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 34,091
REPORTING ----------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,091
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
The statement on Schedule 13D, as originally filed on February 1, 1999
and subsequently amended on March 4, 1999, with respect to common stock, par
value $0.01 per share ("Common Stock") of FlexiInternational Software, Inc., a
Delaware corporation ("FlexiInternational" or the "Company"), is hereby amended
as described herein.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended to remove certain entities as Reporting
Persons from this Schedule 13D, to add other entities as Reporting Persons on
this Schedule 13D, and to update certain information concerning the Reporting
Persons as follows:
1. The following table sets forth the names of entities no longer
directly or indirectly beneficially owning shares of Common Stock. Such entities
are removed as Reporting Persons from this Schedule 13D. Except where noted, all
sales were open market sales occurring after March 4, 1999.
NAME SHARES SOLD OR TRANSFERRED
---- --------------------------
ING Baring Furman Selz LLC 2,032,180*
ING Merger, Inc. 2,032,180*
Saugatuck Partners L.P. 100,000
Saugatuck International Ltd. 1,500
Fairway Capital Partners L.P. 52,000
FSIP LLC 52,000**
Furman Selz Capital Management LLC 52,000**
Furman Selz Management (BVI) Ltd. 1,500**
Edmund Hajim 101,000
Notes: * As of March 4, 1999, ING Merger, Inc. ("ING Merger") owned 100%
of ING Baring Furman Selz LLC ("ING Baring"), and was deemed the
beneficial owner of all Common Stock beneficially owned by ING
Baring. At that time, ING Baring directly held 23,000 shares of
Common Stock, and was deemed the indirect beneficial owner of
100,000 shares of Common Stock held by Saugatuck Partners L.P.
and 1,500 shares of Common Stock held by Saugatuck International
Ltd. All of these shares of Common Stock were subsequently sold
on the open market. In addition, on March 4, 1999, ING Barings
was the sole managing member and owner of 99% of the interests of
Furman Selz Investments LLC, through which it was deemed the
beneficial owner of 1,907,680 shares of Common Stock held by
Furman Selz SBIC, L.P. Subsequent to that date, all of ING
Baring's interests in Furman Selz Investments LLC, and the
related beneficial ownership interests in the Common Stock held
by Furman Selz SBIC, L.P., were transferred to ING Furman Selz
Asset Management LLC.
** All shares of Common Stock were indirectly beneficially owned
by the indicated entity.
2. The following table sets forth additional Reporting Persons who are
added to this Schedule 13D.
Citizenship or State of Principal Occupation or
Name and Address Incorporation/organization Business
- ----------------- -------------------------- ------------------------
Terrence Quinn United States of America Managing Director of ING
Furman Selz Asset
Management LLC
3. The following table provides updated 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,
37th Floor
New York, NY 10055-0002
Furman Selz SBIC Investments
LLC
("FS SBIC Investments") Delaware Holding Company
55 East 52nd Street,
37th Floor
New York, NY 10055-0002
Furman Selz Investments LLC Delaware Holding Company
("FS Investments")
55 East 52nd Street,
37th Floor
New York, NY 10055-0002
ING Furman Selz Asset Delaware Holding Company
Management LLC
("ING FS Management")
230 Park Avenue
New York, NY 10169
ING (U.S.) Financial Holdings Delaware Holding Company
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
1077 ZZ Amsterdam
Brian P. Friedman United States President of Furman
55 East 52nd Street, of America Selz SBIC
37th Floor Investments, LLC
New York, NY 10055-0002 and Furman Selz
Investments, LLC
James L. Luikart United States Executive Vice
55 East 52nd Street, 37th Floor of America President of Furman
New York, NY 10055-0002 Selz SBIC Investments,
LLC and Furman Selz
Investments, LLC
Terrence Quinn United States Managing Director of
230 Park Avenue of America ING Furman Selz Asset
New York, NY 10169 Management LLC
The Executive Board of ING Groep is the following:
E. Kist Chairman
C. Maas Chief Financial Officer
M. Tilmant Vice Chairman
F. S. Hubbel
J. H. M. Lindenbergh
A. H. G. Rinnooy Kan
D. Robbins
The Executive Board of ING Bank is the following:
E. Kist Chairman
C. Maas Chief Financial Officer
M. Tilmant Vice Chairman
F. S. Hubbel
J. H. M. Lindenbergh
A. H. G. Rinnooy Kan
D. Robbins
The directors and executive officers of ING (U.S.) Financial Holdings
Corporation are the following:
Directors:
Michael Petrycki
Wietze Prinsen
Bart Staal
Officers:
Fernando Gentil President
Bart Staal Executive Vice President
Joseph Kaminsky Senior Vice President
Benjamin Emanuel Vice President
David Rutkin Vice President
Andrew W. Druch General Counsel, Secretary
and Managing Director
Edward Chow Assistant Secretary
Patrick Murphy Assistant Secretary
Mark Seffinger Assistant Secretary
ING Groep owns 100% of ING Bank, which owns 100% of ING (U.S.), which
owns 100% of ING FS Management, which is the sole managing member and owner of
100% of the interests of FS Investments, which is the sole managing member and
owner of 100% of the interests of FS SBIC Investments. FS SBIC Investments is
the sole general partner of Furman Selz SBIC, which directly owns 1,462,680
shares of Common Stock.
ING FS Management directly owns 11,500 shares of Common Stock.
Brian P. Friedman directly owns 200,000 shares of Common Stock and is
the President of FS Investments and FS SBIC Investments.
James L. Luikart directly owns 100,000 shares of Common Stock and is
the Executive Vice President of FS Investments and FS SBIC Investments.
Terrence Quinn directly owns 34,091 shares of Common Stock and is a
Managing Director of ING FS 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 a 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS.
Item 3 is hereby amended to add the following thereto:
The funds for the purchase of shares of Common Stock owned by ING FS
Management were provided from working capital.
The funds for the purchase of shares of Common Stock owned by Terrence
Quinn were provided from personal funds.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended to add the following thereto:
In January 2000, Brian P. Friedman ceased to serve as a director of
the Company.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) Items 5(a) and 5(b) are hereby amended and restated as
follows:
<PAGE>
<TABLE>
<CAPTION>
NUMBER OF SHARES
BENEFICIALLY SHARED VOTING SHARED INVESTMENT SOLE VOTING SOLE INVESTMENT PERCENTAGE OF
NAMED OWNED POWER POWER POWER POWER CLASS
- ---- ----------------- ------------- ----------------- ------------ --------------- --------------
<S> <C> <C> <C> <C> <C> <C>
Furman Selz SBIC 1,462,680 1,462,680 1,462,680 8.3%
FS SBIC Investments 1,462,680 1,462,680 1,462,680 8.3%
FS Investments 1,462,680 1,462,680 1,462,680 8.3%
ING FS Management 1,474,180 1,474,180 1,474,180 8.4%
ING (U.S.) 1,474,180 1,474,180 1,474,180 8.4%
ING Bank 1,474,180 1,474,180 1,474,180 8.4%
ING Groep 1,474,180 1,474,180 1,474,180 8.4%
Brian P. Friedman 200,000 200,000 200,000 1.2%
James L. Luikart 100,000 100,000 100,000 0.6%
Terrence Quinn 34,091 34,091 34,091 0.2%
</TABLE>
<PAGE>
As of October 26, 1999, the Company had 17,588,008 shares of Common
Stock outstanding.
See the answer to Item 2 hereof for information regarding persons with
whom the power to vote or dispose of shares of Common Stock is shared.
(c) Item 5(c) is hereby amended to add the following thereto:
The following table sets forth information concerning open-market
sales by Furman Selz SBIC of Common Stock over the period beginning January 13,
2000 and ending March 14, 2000:
DATE NUMBER OF SHARES SOLD PRICE (PER SHARE)
---- --------------------- -----------------
January 13, 2000 10,000 $1.6875
January 31, 2000 50,000 $1.1875
February 11, 2000 30,000 $1.3541
February 29, 2000 10,000 $1.1875
March 3, 2000 40,000 $1.0508
March 8, 2000 157,500 $1.4325
March 9, 2000 42,500 $1.8272
March 10, 2000 75,000 $1.5000
March 13, 2000 10,000 $1.3750
March 14, 2000 20,000 $1.2813
(e) Item 5(e) is hereby amended to add the following thereto:
See response to Item 1.
ITEM 7. MATERIAL FILED AS EXHIBITS. PAGE
- ------ --------------------------
A. Joint Reporting Agreement and Power of Attorney on
Behalf of Each Reporting Person................... 21
<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.
Dated: March ___, 2000
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 FURMAN SELZ ASSET
MANAGEMENT LLC
By: /s/ ROBERT MILLER
------------------------------
Name: Robert Miller
Title: Vice President
ING (U.S.) FINANCIAL HOLDINGS
CORPORATION
By: /s/ ANDREW W. DRUCH
-------------------------------
Name: Andrew W. Druch
Title: Secretary
Dated: March ___, 2000
ING BANK N.V.
By: /s/ J. H. J. HOUBEN
----------------------------
Name: J.H.J. Houben
Title: Managing Principal
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
Title: Managing Principal
/s/ BRIAN P. FRIEDMAN
--------------------------------
Brian P. Friedman
/s/ JAMES L. LUIKART
---------------------------------
James L. Luikart
/s/ TERRENCE QUINN
-----------------------------------
Terrence Quinn
<PAGE>
EXHIBIT A
JOINT REPORTING AGREEMENT
AND
POWER OF ATTORNEY
WHEREAS, the statement or amended statement of Schedule 13D (the
"Joint Statement") to which this joint reporting agreement and power of attorney
(the "Agreement") is an exhibit is being filed on behalf of two or more persons
(collectively, the "Reporting Persons"); and
WHEREAS, the Reporting Persons prefer to file the Joint Statement on
behalf of all of the Reporting Persons rather than individual statements on
Schedule 13D on behalf of each of the Reporting Persons;
NOW, THEREFORE, the undersigned hereby agree as follows with each of
the other Reporting Persons:
1. Each of the Reporting Persons is responsible for the timely filing
of the Joint Statement and any amendments thereto.
2. Each of the Reporting Persons is responsible for the completeness
and accuracy of the information concerning such Reporting Person contained in
the Joint Statement.
3. None of the Reporting Persons is responsible for the completeness
or accuracy of the information concerning the other Reporting Persons contained
in the Joint Statement, unless such Reporting Person knows or has reason to
believe that such information is inaccurate.
4. The undersigned agrees that the Joint Statement is, and any
amendment thereto will be, filed on behalf of each of the Reporting Persons.
5. Each of Furman Selz Investments LLC, ING Furman Selz Asset
Management LLC, ING (U.S.) Financial Holdings Corporation, ING Bank N.V. and ING
Groep N.V. hereby appoints Robert Miller as attorney-in-fact with authority to
execute and deliver on behalf of it any and all documents (including any
amendments thereto) required to be filed or otherwise executed and delivered by
it pursuant to the Securities Exchange Act of 1934, as amended, the Securities
Act of 1933, as amended, all other federal, state and local securities and
corporation laws, and all regulations promulgated thereunder. Each of Furman
Selz Investments LLC, ING Furman Selz Asset Management LLC, ING (U.S.) Financial
Holdings Corporation, ING Bank N.V. and ING Groep N.V. further grant Robert
Miller authority, as attorney-in-fact, to execute, deliver, or file on behalf of
it any document necessary to amend this Joint Reporting Agreement and Power of
Attorney for the purpose of adding additional parties thereto at such time or
times as he should, in his discretion, deem appropriate.
6. Each of Brian P. Friedman and James L. Luikart hereby appoints
Brian P. Friedman and James L. Luikart, and each of them, as attorney-in-fact
with authority to execute and deliver on his behalf any and all documents
(including any amendments thereto) required to be filed or otherwise executed
and delivered by him pursuant to the Securities Exchange Act of 1934, as
amended, the Securities Act of 1933, as amended, all other federal, state and
local securities and corporation laws, and all regulations promulgated
thereunder. Each of Brian P. Friedman and James L. Luikart further grant Brian
P. Friedman and James L. Luikart, and each of them, authority, as
attorney-in-fact, to execute, deliver, or file on his behalf any document
necessary to amend this Joint Reporting Agreement and Power of Attorney for the
purpose of adding additional parties thereto at such time or times as the
attorney-in-fact should, in his discretion, deem appropriate.
7. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same document.
<PAGE>
Dated: March ___, 2000
FURMAN SELZ INVESTMENTS, LLC
By: /s/ BRIAN P. FRIEDMAN
------------------------------
Name: Brian P. Friedman
Title: President
ING FURMAN SELZ ASSET
MANAGEMENT LLC
By: /s/ ROBERT MILLER
------------------------------
Name: Robert Miller
Title: Vice President
ING (U.S.) FINANCIAL HOLDINGS
CORPORATION
By: /s/ ANDREW W. DRUCH
------------------------------
Name: Andrew W. Druch
Title: Secretary
ING BANK N.V.
By: /s/ J. H. J. HOUBEN
------------------------------
Name: J.H.J. Houben
Title: Managing Principal
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
Title: Managing Principal
/s/ BRIAN P. FRIEDMAN
---------------------------------
Brian P. Friedman
/s/ JAMES L. LUIKART
---------------------------------
James L. Luikart
/s/ TERRENCE QUINN
----------------------------------
Terrence Quinn
