0000898432-01-500320.txt : 20011009
0000898432-01-500320.hdr.sgml : 20011009
ACCESSION NUMBER: 0000898432-01-500320
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20010921
GROUP MEMBERS: W.R. HAMBRECHT &CO. LLC
GROUP MEMBERS: WILLIAM R. HAMBRECHT
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: FLEXIINTERNATIONAL SOFTWARE INC/CT
CENTRAL INDEX KEY: 0001015464
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 061309427
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-52727
FILM NUMBER: 1741943
BUSINESS ADDRESS:
STREET 1: 2 ENTERPRISE DRIVE
CITY: SHELTON
STATE: CT
ZIP: 06484
BUSINESS PHONE: 2039253040
MAIL ADDRESS:
STREET 1: TWO ENTERPRISE DRIVE
CITY: SHELTON
STATE: CT
ZIP: 06484
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: WR HAMBRECHT & CO LLC
CENTRAL INDEX KEY: 0001092683
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 943289837
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 550 15TH STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94103
BUSINESS PHONE: 4155518657
MAIL ADDRESS:
STREET 1: 550 15TH STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94103
SC 13D/A
1
amd5flexi-13d.txt
FLEXIINTERNATIONAL SOFTWARE, INC. - 9/20/01
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.5)*
FLEXIINTERNATIONAL SOFTWARE, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
338923 10 5
(CUSIP Number)
Michael P. Moran
W.R. Hambrecht + Co., LLC
539 Bryant Street, Suite 100
San Francisco, CA 94107
(415) 551-8600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
09/07/01
(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of this schedule, including all exhibits. See Section 240.13d-7(b) for
other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a person's initial
filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
"filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act(however, see the Notes).
SCHEDULE 13D
------------------ -------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
W.R. Hambrecht + Co., LLC
943289837
------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X)
(SEE INSTRUCTIONS) (b) ( )
------------------ -------------------------------------------------------------
3 SEC USE ONLY
------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
------------------ -------------------------------------------------------------
5 CHECK 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 None
OWNED BY EACH -------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
3,038,788
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,038,788
------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,038,788
------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)( )
------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.1
------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
BD
------------------ -------------------------------------------------------------
SCHEDULE 13D
------------------ -------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William R. Hambrecht
------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X)
(SEE INSTRUCTIONS) (b) ( )
------------------ -------------------------------------------------------------
3 SEC USE ONLY
------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF, AF
------------------ -------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------------ -------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 616,962
OWNED BY EACH
REPORTING PERSON
WITH
------------------------------------------------------------
8 SHARED VOTING POWER
3,038,788
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
616,962
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,038,788
------------------- ------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,655,750(1)
------------------- ------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) ( )
------------------- ------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.6%
------------------- ------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
------------------- ------------------------------------------------------------
1. As of August 31, 2001 , Mr. Hambrecht has a 15.2% ownership interest in W.R.
Hambrecht + Co., Inc., the corporation that owns 100% of W.R. Hambrecht + Co.,
LLC (the "LLC"). The LLC directly owns 3,038,788 shares of Flexiinternational
Software, Inc. Mr. Hambrecht directly owns 616,962 shares of Flexiinternational
Software, Inc. Mr. Hambrecht disclaims beneficial ownership of all the shares of
Flexiinternational Software, Inc. held directly by the LLC other than with
respect to 461,895 shares represented by his proportionate ownership interest in
the LLC.
Statement on Schedule 13D
This filing is the Fifth Amendment on Schedule 13D of W.R. Hambrecht +
Co., LLC ("LLC") and William R. Hambrecht with respect to the beneficial
ownership by the LLC and Mr. Hambrecht of shares of common stock, $.01 par value
per share ("Common Stock"), of Flexiinternational Software, Inc., a Delaware
corporation ("Issuer"). The filing of this Schedule 13D ("Amended Statement") is
occasioned by the purchase of 60,000 shares as described in Item 5(c) below.
To the extent that any information is provided herein with respect to
the Issuer, such information is provided to the knowledge of the LLC and Mr.
Hambrecht.
ITEM 1. SECURITY AND ISSUER.
The Amended Statement relates to shares of the Common Stock, $.01 par
value per share, of Flexiinternational, Inc., a Delaware corporation. The
address of the Issuer's principal executive offices is Two Enterprise Drive,
Shelton, Connecticut 06484.
ITEM 2. IDENTITY AND BACKGROUND.
The Amended Statement is being filed jointly by William R. Hambrecht
and the LLC.
(a) (i) W.R. Hambrecht + Co., LLC.
(ii) William R. Hambrecht.
(b) (i) The LLC's principal business address is 539 Bryant Street,
Suite 100 San Francisco, CA 94107.
(ii) Mr. Hambrecht's principal address is 539 Bryant Street,
Suite 100 San Francisco, CA 94107
(c) (i) The LLC is a Broker/Dealer.
(ii) Mr. Hambrecht is the sole Manager of the LLC.
(d) During the past five years, neither the LLC nor Mr. Hambrecht
has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the past five years, neither the LLC or Mr. Hambrecht
has been party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities
laws, or finding any violations with respect to such laws.
(f) (i) The LLC is organized under the laws of the State of
Delaware.
(ii) Mr. Hambrecht is a citizen of the United States of
America.
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Working Capital of the LLC.
ITEM 4. PURPOSE OF TRANSACTION.
The acquisitions of Common Stock by the LLC were made as long-term
investments of the LLC or in connection with its role as a market maker of
Issuer. Except as noted below, neither Mr. Hambrecht nor the LLC has any present
plans or proposals that relate to or would result in or cause:
(a) the acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of
its subsidiaries;
(c) a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
(d) any change in the present board of directors or management of
the Issuer, including any plans or proposals to change the
number or term of directors or to fill any existing vacancies
on the board;
(e) any material change in the present capitalization or dividend
policy of the Issuer;
(f) any other material change in the Issuer's business or
corporate structure;
(g) changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
(h) a class of securities of the Issuer to be de-listed from a
national securities exchange or to cease to be authorized to
be quoted in an interdealer quotation system of a registered
national securities association;
(i) a class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934; or
(j) any action similar to any of those enumerated above.
The filing persons reserve the right to adopt such plans and proposals
subject to applicable regulatory requirements, if any; and to transfer
securities of the Issuer directly and/or sell securities of the Issuer in the
open market.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) According to the Issuer, there were 17,678,248 shares of Common
Stock outstanding as of June 30, 2001. The LLC currently directly owns 3,038,788
shares of the Issuer's Common Stock, representing 17.1% of the outstanding
Common Stock. Mr. Hambrecht directly owns 616,962 shares of Common Stock of the
Issuer. Mr. Hambrecht, as the sole Manager of the LLC, has indirect beneficial
ownership of the 3,038,788 shares of Common Stock owned by the LLC. Mr.
Hambrecht also has a 15.2% ownership interest in the corporation that owns 100%
of the LLC. Accordingly, Mr. Hambrecht disclaims beneficial ownership of all
shares of the Issuer held by the LLC other than with respect to 461,895 shares
representing his proportionate ownership interest in the LLC.
(b) The LLC and Mr. Hambrecht each have shared voting power and
dispositive power over the 3,038,788 shares of Common Stock held by the LLC.
(c) Except as set forth below, neither Mr. Hambrecht nor the LLC has
effected any transaction involving the Issuer's Common Stock since the Reporting
Persons most recent filing on Schedule 13D.
Subsequent to September 11, 2001, the LLC made the following open
market purchases or sales of Common Stock (items 1 through 14 were purchases or
sales made by the LLC in its capacity as market maker for the Common Stock and
are a net of all market making transactions on that day with an average price.
All dates shown are trade dates:
1. Sale of 5,000 shares of Common Stock on August 8, 2001 at
$0.135 per share
2. Sale of 5,000 shares of Common Stock on August 3, 2001 at
$0.12 per share
3. Purchase of 5,000 shares of Common Stock on August 7, 2001 at
$0.11 per share
4. Purchase of 10,000 shares of Common Stock on August 9, 2001 at
$0.11 per share
5. Purchase of 40,000 shares of Common Stock on August 8, 2001 at
an average of $0.10 per share
6. Purchase of 5,000 shares of Common Stock on August 10, 2001 at
$0.095 per share
7. Sale of 10,000 shares of Common Stock on August 15, 2001 at
$0.155 per share
8. Sale of 1,213 shares of Common Stock on August 16, 2001 at
$0.10 per share
9. Purchase of 10,000 shares of Common Stock on August 22, 2001
at $0.095 per share
10. Purchase of 31,500 shares of Common Stock on August 31, 2001
at $0.095 per share
11. Purchase of 50,000 shares of Common Stock on September 5, 2001
at $.095 per share
12. Purchase of 30,000 shares of Common Stock on September 6, 2001
at $.095 per share
13. Purchase of 60,000 shares of Common Stock on September 7, 2001
at $.095 per share
14. Purchase of 141,001 shares of Common Stock on September 10,
2001 at $.095 per share
(d) Except as set forth in this Amended Statement, no other person is
known to have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the securities of the Issuer
that are owned beneficially by the reporting persons.
(e) Item 5(e) is not applicable to this Amended Statement.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: September 21, 2001
William R. Hambrecht
/s/William R. Hambrecht
-------------------------------------------
W.R. Hambrecht + Co., LLC
By: William R. Hambrecht,
Manager
/s/William R. Hambrecht
-------------------------------------------
William R. Hambrecht