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. 3)*
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)
April 5, 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 1,027,680
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,027,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,027,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- -------------------------------------------------------------------------------
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 1,027,680
OWNED BY -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,027,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,027,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- -------------------------------------------------------------------------------
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 1,027,680
OWNED BY -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,027,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,027,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 338923 10 5 Page 5
- -------------------------------------------------------------------------------
1 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 8 SHARED VOTING POWER 1,027,680
OWNED BY -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,027,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,027,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- -------------------------------------------------------------------------------
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 1,027,680
OWNED BY -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,027,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,027,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- -------------------------------------------------------------------------------
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 1,027,680
OWNED BY -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,027,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,027,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- -------------------------------------------------------------------------------
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 1,027,680
OWNED BY -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,027,680
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,027,680
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
- -------------------------------------------------------------------------------
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 and March 16, 2000, 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 update certain information concerning the
Reporting Persons as follows:
As of April 10, 2000, Furman Selz SBIC, L.P. directly owns 1,027,680 shares
of Common Stock.
As of March 31, 2000, ING Furman Selz Asset Management LLC directly owns no
shares of Common Stock.
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
NAME OWNED POWER POWER POWER POWER OF CLASS
- ---- ----------------- ------------- ------------------ ----------- --------------- ----------
<S> <C> <C> <C> <C> <C> <C>
Furman Selz SBIC, L.P. 1,027,680 1,027,680 1,027,680 5.8%
Furman Selz SBIC
Investments, LLC 1,027,680 1,027,680 1,027,680 5.8%
Furman Selz
Investments, LLC 1,027,680 1,027,680 1,027,680 5.8%
ING Furman Selz
Asset Management LLC 1,027,680 1,027,680 1,027,680 5.8%
ING (U.S.)
Financial Holdings Corp. 1,027,680 1,027,680 1,027,680 5.8%
ING Bank N.V. 1,027,680 1,027,680 1,027,680 5.8%
ING Groep N.V. 1,027,680 1,027,680 1,027,680 5.8%
Brian P. Friedman 200,000 200,000 200,000 1.1%
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 February 22, 2000, the Company had 17,664,008 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:
On March 31, 2000, ING Furman Selz Asset Management LLC sold 11,500 shares
of Common Stock on the open market at a price of $1.2364 per share.
The following table sets forth information concerning open-market sales by
Furman Selz SBIC, L.P. of Common Stock over the period beginning March 15, 2000
and ending April 10, 2000:
DATE NUMBER OF SHARES SOLD PRICE (PER SHARE)
---- --------------------- -----------------
March 15, 2000 45,000 $1.3125
March 17, 2000 20,000 $1.2344
March 22, 2000 20,000 $1.1250
March 28, 2000 15,000 $1.1250
March 30, 2000 50,000 $1.1750
April 3, 2000 25,000 $1.2188
April 5, 2000 25,000 $1.0938
April 6, 2000 100,000 $1.0938
April 7, 2000 25,000 $1.1250
April 10, 2000 110,000 $1.1903
ITEM 7. MATERIAL FILED AS EXHIBITS. PAGE
A. Joint Reporting Agreement and Power of Attorney on
Behalf of Each Reporting Person...............................17
<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: April ___, 2000
FURMAN SELZ SBIC, L.P.
By: /s/ *
----------------------------------
Name: Brian P. Friedman
Title: President of General Partner
FURMAN SELZ SBIC INVESTMENTS, LLC
By: /s/ *
----------------------------------
Name: Brian P. Friedman
Title: President
FURMAN SELZ INVESTMENTS, LLC
By: /s/ *
----------------------------------
Name: Brian P. Friedman
Title: President
ING FURMAN SELZ ASSET
MANAGEMENT LLC
By: /s/ **
----------------------------------
Name: Robert Miller
Title: Vice President
ING (U.S.) FINANCIAL HOLDINGS
CORPORATION
By: /s/ **
----------------------------------
Name: Andrew W. Druch
Title: Secretary
ING BANK N.V.
By: /s/ **
----------------------------------
Name: J. H. J. Houben
Title: Managing Principal
By: /s/ **
----------------------------------
Name: P. F. M. Van Lierop
Title: Senior Legal Advisor
ING GROEP N.V.
By: /s/ **
----------------------------------
Name: J. H. J. Houben
Title: Managing Principal
/s/ *
----------------------------------
Brian P. Friedman
/s/ JAMES L. LUIKART
----------------------------------
James L. Luikart
/s/ TERRENCE QUINN
-----------------------------------
Terrence Quinn
* By: /s/ BRIAN P. FRIEDMAN
---------------------
Brian P. Friedman
** By: /s/ ROBERT MILLER
-----------------------
Robert Miller
Attorney-in-Fact
<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
