-----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, DKMDaDd5+/g9p7gj0joOi1oJXEL4Hw1XutfuHYxC+01COphsWezZJRkG+dXZ45RN x0+JwDTYjLEzr/kXKZ2eLQ== 0000950136-02-000992.txt : 20020415 0000950136-02-000992.hdr.sgml : 20020415 ACCESSION NUMBER: 0000950136-02-000992 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020405 GROUP MEMBERS: MR. STEVEN DERBY GROUP MEMBERS: SDS CAPITAL PARTNERS, L.L.C. GROUP MEMBERS: SDS MERCHANT FUND, L.P. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SDS MERCHANT FUND LP CENTRAL INDEX KEY: 0001122699 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE SOUND SHORE DR STREET 2: 2ND FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 MAIL ADDRESS: STREET 1: ONE SOUND SHORE DR STREET 2: 2ND FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SAFLINK CORP CENTRAL INDEX KEY: 0000847555 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 954346070 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-42397 FILM NUMBER: 02602727 BUSINESS ADDRESS: STREET 1: 18650 N E 67TH COURT STREET 2: SUITE 210 CITY: REDMOND STATE: WA ZIP: 98052 BUSINESS PHONE: 8136360099 MAIL ADDRESS: STREET 1: 18650 N E 67TH COURT SUITE 210 CITY: REDMOND STATE: WA ZIP: 98052 FORMER COMPANY: FORMER CONFORMED NAME: TOPSEARCH INC DATE OF NAME CHANGE: 19920401 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL REGISTRY INC DATE OF NAME CHANGE: 19920703 SC 13G 1 file001.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 SAFLINK Corporation ------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share ----------------------------------------------------------------------------- (Title of Class of Securities) 786578104 -------------------------------------------------------------- (CUSIP Number) February 12, 2002 ------------------------------------------------------------------ (Date of Event which requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) *The remainder of this cover page shall be filed 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). SCHEDULE 13D CUSIP NO. 786578104 Page 2 of 8 Pages - ------------------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 SDS Merchant Fund, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 5 BENEFICIALLY 1,264,800 OWNED BY EACH --------------------------------------------------- REPORTING PERSON SHARED VOTING POWER WITH 6 0 --------------------------------------------------- SOLE DISPOSITIVE POWER 7 1,264,800 --------------------------------------------------- SHARED DISPOSITIVE POWER 8 0 - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,264,800 - ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X| - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.5% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP NO. 786578104 Page 3 of 8 Pages - ------------------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 SDS Capital Partners, L.L.C. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 5 BENEFICIALLY 0 OWNED BY EACH REPORTING ------------------------------------------------- PERSON WITH SHARED VOTING POWER 6 1,264,800 ------------------------------------------------ SOLE DISPOSITIVE POWER 7 0 ------------------------------------------------ SHARED DISPOSITIVE POWER 8 1,264,800 - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,264,800 - ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X| - ------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11 10.5% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP NO. 786578104 Page 4 of 8 Pages - ------------------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Mr. Steven Derby - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States - ------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 5 BENEFICIALLY 0 OWNED BY EACH ------------------------------------------------------ REPORTING PERSON WITH SHARED VOTING POWER 6 1,264,800 ------------------------------------------------------ SOLE DISPOSITIVE POWER 7 0 ------------------------------------------------------ SHARED DISPOSITIVE POWER 8 1,264,800 - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,264,800 - ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X| - ------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11 10.5% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 8 Pages
Item 1(a). Name of Issuer: SAFLINK Corporation, a Delaware corporation - --------- Item 1(b). Address of Issuer's Principal Executive Offices: 11911 N.E. First Street, Suite B- - --------- 304, Bellevue, Washington 98005 Item 2(a, b, c). Name of Persons Filing, Address of Principal Business Office, Citizenship: - --------------- 1. SDS Merchant Fund L.P., a Delaware limited partnership (the "Reporting ---------------------- Person"). One Sound Share Drive, Greenwich, Connecticut 06830. 2. SDS Capital Partners, L.L.C., a Delaware limited liability company (the --------------------------- "General Partner"), which is the sole general partner of the Reporting Person. One Sound Share Drive, Greenwich, Connecticut 06830. 3. Mr. Steven Derby ("Mr. Derby"), who is the sole managing member of the ---------------- General Partner. One Sound Shore Drive, Greenwich, Connecticut 06830. Citizenship: United States. Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share. - --------- Item 2(e). CUSIP Number: 786578104 - --------- Item 3. Not Applicable. - ------
Page 6 of 8 Pages
Item 4. Ownership. - ------ 1. The Reporting Person. (a) Amount beneficially owned: 1,264,800 shares (b) Percent of class*: 10.5% (c) Number of shares** as to which such person has: (i) Sole power to vote or to direct the vote: 1,264,800 shares (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,264,800 shares (iv) Shared power to dispose or to direct the disposition of: 0 2. The General Partner - same as Mr. Derby, see below. 3. Mr. Derby: (a) Amount beneficially owned: 1,264,800 shares (b) Percent of class:* 10.5% (c) Number of shares** as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote:1,264,800 shares (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of:1,264,800 shares
- -------- * The percentage of common stock reported as beneficially owned is based upon 12,081,332 shares of common stock outstanding, which is the number of shares of common stock outstanding as of March 19, 2002, as reported by the Issuer on its SEC Form 10-Q/A filed March 19, 2002 (amending the Issuer's Quarterly Report for the Quarter ended March 31, 2001). ** In addition to the common shares reported above, the Reporting Person also holds the following warrants and convertible preferred stock: Series A Warrants to purchase 803,444 shares of common stock, at a price of $2.25 per common share; Series C Warrants to purchaser 461,356 shares of common stock, at a price of $2.25 per common share; and Series E Convertible Preferred Stock, convertible into 1,054,000 shares of common stock, at a price of $1.40 per common share. Such securities are presently exercisable or convertible, as applicable, except to the extent that following any such exercise or conversion, the Reporting Person would hold more than 4.9% of the Issuer's outstanding common shares. Page 7 of 8 Pages Item 5. Ownership of Five Percent or less of a Class: - ------ If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. - ------ Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired - ------ the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable. Item 8. Identification and Classification of Members of the Group. - ------ The group filing this Schedule 13G consists of the Reporting Person, the General Partner and Mr. Derby. Item 9. Notice of Dissolution of Group. - ------ Not Applicable. Item 10. Certifications. - ------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purposes or effect. [SIGNATURE PAGE FOLLOWS:] Page 8 of 8 Pages SIGNATURE 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.
SDS MERCHANT FUND, L.P., a Delaware SDS CAPITAL PARTNERS, L.L.C., a Delaware limited partnership limited liability company By: SDS Capital Partners, L.L.C., a Delaware limited liability company, its general partner By: By: ------------------------------- --------------------------------------- Steven Derby, Managing Steven Derby, Managing Member Member - -------------------------------------- Steven Derby
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----