-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SV4xktKF+WHPYSRia/pvCZx/qmV9A33WxzQCUgA1MGd3LFev+SMTHgDWMUbBs5SN zkrrcDO2k9mP7NR2nBX9Ww== 0000890163-08-000505.txt : 20080702 0000890163-08-000505.hdr.sgml : 20080702 20080702164435 ACCESSION NUMBER: 0000890163-08-000505 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080702 DATE AS OF CHANGE: 20080702 GROUP MEMBERS: CO-INVESTMENT FUND II L.P. GROUP MEMBERS: DONALD R. CALDWELL FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CALDWELL DONALD R CENTRAL INDEX KEY: 0001211700 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 6109952650 MAIL ADDRESS: STREET 1: 5 RADNOR CORP CENTER STE 555 CITY: RADNOR STATE: PA ZIP: 19087 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Lightning Gaming, Inc. CENTRAL INDEX KEY: 0001392545 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 208583866 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82967 FILM NUMBER: 08934920 BUSINESS ADDRESS: STREET 1: 106 CHELSEA PARKWAY CITY: BOOTHWYN STATE: PA ZIP: 19061 BUSINESS PHONE: (610) 494-5534 MAIL ADDRESS: STREET 1: 106 CHELSEA PARKWAY CITY: BOOTHWYN STATE: PA ZIP: 19061 FORMER COMPANY: FORMER CONFORMED NAME: Red Pearl Acquisition Corp DATE OF NAME CHANGE: 20070314 FORMER COMPANY: FORMER CONFORMED NAME: Red Pearl Acquistion Corp DATE OF NAME CHANGE: 20070309 SC 13D/A 1 s11-8600_sc13da.txt SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 1) Under the Securities Exchange Act of 1934 LIGHTNING GAMING, INC. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.001 par value per share ------------------------------------------------------------------------------- (Title of Class of Securities) To Be Applied For ------------------------------------------------------------------------------- (CUSIP Number) Donald R. Caldwell Five Radnor Corporate Center, Suite 555 Radnor, Pennsylvania 19087 (610) 995-2650 ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 30, 2008 ------------------------------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), ss.ss. 240.13d-1(f), or ss.ss. 240.13d-1(g), check the following box: |_| . 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. CUSIP No. To be Applied For - -------------------------------------------------------------------------------- (1) Name of reporting persons: Donald R. Caldwell - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC use only - -------------------------------------------------------------------------------- (4) Source of funds (see instructions) 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 - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: - -------------------------------------------------------------------------------- (7) Sole voting power 840,000 - -------------------------------------------------------------------------------- (8) Shared voting power 4,179,050 - -------------------------------------------------------------------------------- (9) Sole dispositive power 840,000 - -------------------------------------------------------------------------------- (10) Shared dispositive power 4,179,050 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person 5,019,050 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions) |_| - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11) 51.9% - -------------------------------------------------------------------------------- (14) Type of reporting person (see instructions) IN - -------------------------------------------------------------------------------- CUSIP No. To be Applied For - -------------------------------------------------------------------------------- (1) Name of reporting persons: Co Investment Fund II .LP. - -------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC use only - -------------------------------------------------------------------------------- (4) Source of funds (see instructions) OO - -------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- (6) Citizenship or place of organization Pennsylvania - -------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: - -------------------------------------------------------------------------------- (7) Sole voting power 0 - -------------------------------------------------------------------------------- (8) Shared voting power 4,179,050 - -------------------------------------------------------------------------------- (9) Sole dispositive power 0 - -------------------------------------------------------------------------------- (10) Shared dispositive power 4,179,050 - -------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person 4,179,050 - -------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions) |_| - -------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11) 47.4% - -------------------------------------------------------------------------------- 14) Type of reporting person (see instructions) PN - -------------------------------------------------------------------------------- This Amendment No. 1 to Schedule 13D (this "Amendment") amends the Schedule 13D filed jointly by Donald R. Caldwell and The Co Investment Fund II LP, a Delaware limited partnership ("Co Investment Fund II"), relating to the beneficial ownership of 840,000 shares of common stock, par value $0.001 per share (the "Shares"), of Lightning Gaming, Inc., a Nevada corporation (the "Issuer") and relating to warrants to purchase Shares (the "Warrants"). Item 3 Source and Amount of Funds or Other Consideration The Shares were received by Mr. Caldwell in exchange for an equal number of shares of common stock of Lightning Poker, Inc. ("Lightning Poker") as a result of the consummation of the merger (the "Merger") of a subsidiary of the Issuer into Lightning Poker on January 29, 2008. As a consequence of the consummation of the Merger, warrants to purchase 3,178,990 shares of common stock of Lighting Poker became exercisable for the same number of Shares. On June 30, 2008, Co-Investment Fund II acquired Warrants to purchase an additional 1,000,000 Shares in connection with a $2,000,000 loan made to the Issuer. The loan was made with funds held by Co-Investment Fund II for investment in its portfolio companies. Item 4. Purpose of Transaction The reporting persons acquired beneficial ownership of the Shares as a consequence of the consummation of the Merger. Co-Investment Fund II acquired Warrants to purchase 3,179,050 Shares in connection with loans extended to Lightning Poker, Inc. and as a consequence of the Merger. Co-Investment Fund II acquired Warrants to purchase 1,000,000 Shares in connection with a loan made to the Issuer on June 30, 2008. Item 5. Interest in Securities of the Issuer (a) and (b) Mr. Caldwell owns 840,000 shares and Co Investment Fund II holds warrants to acquire 4,179,050 Shares. Mr. Caldwell has the sole voting and dispositive power of the Shares owned by him. By virtue of Mr. Caldwell's position with Cross Atlantic Capital Partners Inc., he and Co Investment Fund II have shared voting and dispositive power of the Shares issuable upon exercise of the Warrants held by Co Investment Fund II. (c) The 840,000 Shares were acquired by Mr. Caldwell and Warrants to purchase 3,178,990 Shares were acquired by Co Investment Fund II on January 29, 2008 as a consequence of the Merger. Warrants to purchase 1,000,000 Shares were acquired by Co-Investment Fund II in connection with a loan made to the Issuer on June 30, 2008. (d) Not applicable. (e) Not applicable. Signature After reasonable inquiry, and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 1, 2008 /s/ Donald R. Caldwell -------------------------------- Donald R. Caldwell CO INVESTMENT FUND II LP By: Co-Invest Management II, L.P. its General Partner By Co-Invest Capital Partners, Inc., its General Partner By: /s/ Donald R. Caldwell --------------------------------- Donald R. Caldwell Chairman and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----