-----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, DHTj6bA+6rjDaSZftQzEtH0/Lb2QFrS3f/ovdUpXE1Mwwk4CEGb20eswNrJZJyMo S7JRPX3zR1/luTRcJva25w== 0000950131-98-005266.txt : 19980922 0000950131-98-005266.hdr.sgml : 19980922 ACCESSION NUMBER: 0000950131-98-005266 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980921 SROS: NASD GROUP MEMBERS: FORSYTHE GERALD R GROUP MEMBERS: INDECK ENERGY SERVICES, INC GROUP MEMBERS: INDECK POWER EQUIPMENT COMPANY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARTISOFT INC CENTRAL INDEX KEY: 0000877931 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 860446453 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-41833 FILM NUMBER: 98712305 BUSINESS ADDRESS: STREET 1: 5 CAMBRIDGE CENTER STREET 2: 3RD FLOOR CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6173540600 MAIL ADDRESS: STREET 1: 2202 NORTH FORBES BLVD CITY: TUCSON STATE: AZ ZIP: 85745 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FORSYTHE GERALD R CENTRAL INDEX KEY: 0001006020 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1075 NOEL AVE CITY: WHEELING STATE: IL ZIP: 60090 BUSINESS PHONE: 8474594250 MAIL ADDRESS: STREET 1: 1075 NOEL AVENUE CITY: WHEELING GROVE STATE: IL ZIP: 60090 SC 13D/A 1 SCHEDULE 13 D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)* ARTISOFT, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 04314L106 --------------------------------------------------- (CUSIP Number) Gerald R. Forsythe 1075 Noel Avenue Wheeling, Illinois 60090 (847) 459-4250 --------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copy to: Robert A. McWilliams Freeborn & Peters 311 South Wacker Drive, Suite 3000 Chicago, Illinois 60606-2118 (312) 360-6000 August 31, 1998 ------------------------------------------------------- (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 Rule 13d-1(b)(3) or (4), check the following box: [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). ============================================================================== CUSIP No. 04314L106 13D ============================================================================== (1) NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS GERALD R. FORSYTHE - ------------------------------------------------------------------------------ (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) PF,OO - ------------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF 603,570 SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY 1,480,389 OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 603,570 PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH 1,480,389 - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,083,959 - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.33% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ============================================================================== ============================================================================== CUSIP No. 04314L106 13D ============================================================================== (1) NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS INDECK POWER EQUIPMENT COMPANY - ------------------------------------------------------------------------------ (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) WC,OO - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION ILLINOIS - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY 576,369 OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH 576,369 - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 576,369 - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.96% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO ============================================================================== ============================================================================== CUSIP No. 04314L106 13D ============================================================================== (1) NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS INDECK ENERGY SERVICES, INC. - ------------------------------------------------------------------------------ (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) WC,OO - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION ILLINOIS - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY 864,650 OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH 864,650 - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 864,650 - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.95% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO ============================================================================== AMENDMENT NO. 5 TO SCHEDULE 13D This Amendment No. 5, which is being filed jointly by Gerald R. Forsythe ("Mr. Forsythe"), Indeck Power Equipment Company ("Indeck Power") and Indeck Energy Services, Inc. ("Indeck Energy") (collectively, the "Reporting Persons"), supplements and amends the Statement on Schedule 13D relating to the common stock, par value $.01 per share (the "Common Stock"), of Artisoft, Inc. (the "Company") originally filed jointly by the Reporting Persons with the Commission on January 19, 1996, as amended by Amendment No. 1 filed with the Commission on July 9, 1996, Amendment No. 2 filed with the Commission on November 6, 1996, Amendment No. 3 filed with the Commission in September 1988 and Amendment No. 4 filed with the Commission on April 9, 1998 (as amended, the "Statement"). The following items of this Statement are hereby supplemented and/or amended as indicated: ITEM 4. PURPOSE OF THE TRANSACTION. The Reporting Persons have acquired the Common Stock beneficially owned by them for investment purposes, because they believe that the trading prices of the Common Stock in the public market do not adequately reflect the potential value of the Company's underlying businesses and assets. None of the Reporting Persons presently has any plans or proposals which relate to or would result in (a) the acquisition by any person of additional securities of the Company or the disposition of any such securities, (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries, (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries, (d) any change in the present management of the Company, (e) any material change in the present capitalization or dividend policy of the Company, (f) any other material change in the Company's business or corporate structure, (g) any other material change in the Company's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person, (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association, (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act, or (j) any action similar to those enumerated in the foregoing clauses (a) through (i). However, as substantial shareholders of the Company, the Reporting Persons expect and intend to explore and be receptive to opportunities to enhance the value of the Common Stock owned by the Reporting Persons, including changes to the composition of the Company's board of directors and/or management and extraordinary transactions involving the Company. In addition, depending on market conditions and other factors that the Reporting Persons may deem material to their respective investment decisions, any of the Reporting Persons may purchase additional shares of Common Stock or rights to purchase additional shares of Common Stock in the open market, in 1 privately negotiated transactions or by any other permissible means and, based on such factors, any of the Reporting Persons may dispose of any or all of the shares of Common Stock to which this Statement relates or any other shares of Common Stock that they may hereafter acquire. The Reporting Persons may encourage the Company to explore strategic alternatives to increase shareholder value and, depending on the Company's response, may consider pursuing such alternatives on their own or with third parties. The Reporting Persons also may seek to have the Company eliminate or amend its Rights Agreement (poison pill) and, depending on the Company's response, may seek a shareholder referendum on the issue. However, the Reporting Persons currently have no specific plans or proposals with respect to these matters. On August 21, 1998, the Company modified its Rights Agreement to raise the threshold limit allowing the acquisition of up to 25% of the Company's Common Stock without triggering the poison pill. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The Reporting Persons beneficially own an aggregate of 2,055,059 shares of Common Stock, representing approximately 14.135% of the outstanding shares of Common Stock (based on 14,539,231 shares outstanding as reported by the Company in its Quarterly Report on Form 10-Q for the quarter ended March 31, 1998). (b) Mr. Forsythe has the sole power to vote and dispose of 642,940 shares of Common Stock owned by him personally, except with respect to 39,370 shares which he and his wife, Jean D. Forsythe, hold as joint tenants; Mr. Forsythe and Indeck Power share the power to vote and dispose of the 576,369 shares of Common Stock owned by Indeck Power; and Mr. Forsythe and Indeck Energy share the power to vote and dispose of the 864,650 shares owned by Indeck Energy. 2 (c) The Reporting Person acquired, in market transactions, the following shares of Common Stock during the past 60 days:
--------------------------------------- Date Purchaser Shares Price --------------------------------------- 9/14/98 IES, Inc. 28,900 2.27 --------------------------------------- 8/31/98 Forsythe 8,500 2.00 --------------------------------------- 8/28/98 Forsythe 1,000 1.75 --------------------------------------- 8/28/98 Forsythe 3,000 1.875 --------------------------------------- 8/28/98 Forsythe 2,000 1.813 --------------------------------------- 8/28/98 Forsythe 100 2.00 --------------------------------------- 8/28/98 Forsythe 2,900 2.00 --------------------------------------- 8/28/98 Forsythe 3,000 1.906 --------------------------------------- 8/28/98 Forsythe 10,000 1.969 --------------------------------------- 8/28/98 Forsythe 3,000 1.938 --------------------------------------- 8/28/98 Forsythe 4,000 2.00 --------------------------------------- 8/28/98 Forsythe 5,000 2.00 --------------------------------------- 8/28/98 Forsythe 3,000 2.00 --------------------------------------- 8/28/98 Forsythe 4,000 2.00 --------------------------------------- 8/28/98 Forsythe 3,000 2.00 --------------------------------------- 8/28/98 Forsythe 2,500 2.00 --------------------------------------- 8/28/98 Forsythe 1,500 2.00 ---------------------------------------
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 7.8 Agreement of Joint Filing among the Reporting Persons dated September 17, 1998 3 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. Dated: September 17, 1998 /s/ Gerald R. Forsythe ----------------------------------------- Gerald R. Forsythe INDECK POWER EQUIPMENT COMPANY By: /s/ Gerald R. Forsythe ----------------------------------------- Gerald R. Forsythe, Chairman and CEO INDECK ENERGY SERVICES, INC. By: /s/ Gerald R. Forsythe ----------------------------------------- Gerald R. Forsythe, Chairman and CEO 4 EXHIBIT INDEX
Exhibit Description 7.8 Agreement of Joint Filing among the Reporting Persons dated September 17, 1998
5 EX-7.8 2 AGREEMENT OF JOINT FILING EXHIBIT 7.8 AGREEMENT OF JOINT FILING Gerald R. Forsythe, Indeck Power Equipment Company and Indeck Energy Services, Inc. hereby agree that the Amendment No. 5 to the Schedule 13D to which this Agreement is attached as an exhibit may be filed on behalf of each such person. Dated: September 17, 1998 /s/ Gerald R. Forsythe ------------------------------------------ Gerald R. Forsythe INDECK POWER EQUIPMENT COMPANY By: /s/ Gerald R. Forsythe ------------------------------------------ Gerald R. Forsythe, Chairman and CEO INDECK ENERGY SERVICES, INC. By: /s/ Gerald R. Forsythe ------------------------------------------ Gerald R. Forsythe, Chairman and CEO -----END PRIVACY-ENHANCED MESSAGE-----