-----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, TUEoF7flguuPc/yb9zQr9yTTxQEnOb8Cpy5pbSxeEV+KS6uuOZWJkRQMFN4U6vDa 7FEMfJEq8+hrz92leRg5eg== 0001098340-00-000103.txt : 20000526 0001098340-00-000103.hdr.sgml : 20000526 ACCESSION NUMBER: 0001098340-00-000103 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000525 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DATA SYSTEMS & SOFTWARE INC CENTRAL INDEX KEY: 0000880984 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 222786081 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-43070 FILM NUMBER: 643722 BUSINESS ADDRESS: STREET 1: 200 RTE 17 CITY: MAHWAH STATE: NJ ZIP: 07430 BUSINESS PHONE: 2015292026 MAIL ADDRESS: STREET 1: 200 ROUTE 17 CITY: MAHWAH STATE: NJ ZIP: 07430 FORMER COMPANY: FORMER CONFORMED NAME: DEFENSE SOFTWARE & SYSTEMS INC DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WEC ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001094716 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 522146721 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 WORLD TRADE CENTER SUITE 4563 CITY: NEW YORK STATE: NY ZIP: 10048 BUSINESS PHONE: 9142712211 MAIL ADDRESS: STREET 1: 110 COLOBATGH POND ROAD CITY: CPOTON-ON-HUDSON STATE: NY ZIP: 10520 SC 13G/A 1 SC13G FOR WEC ASSET MANAGMENT SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13G (Rule 13d-102) (Amendment 1) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) DATA SYSTEMS & SOFTWARE INC. (Name of Issuer) Common Stock, $ 0.01 par value per share (Title of Class of Securities) 237887104 (CUSIP Number) December 31, 1999 (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Bounty Investors LLC 52-2194839 - ----------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ] (b) [X] - ----------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER -0- SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 84,794 OWNED BY -------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 84,794 - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 84,794 - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON * OO - ----------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) WEC Asset Management LLC 52-2146721 - ----------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ] (b) [X] - ----------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 84,794 OWNED BY -------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 84,794 - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 84,794 - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON * OO - ----------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1(a). Name of Issuer: The name of the issuer is Data Systems & Software Inc. (the "Company"). Item 1(b). Address of Issuer's Principal Executive Offices: The Company's principal executive offices are located at 200 Route 17, Mahwah, New Jersey 07430 Item 2(a). Name of Person Filing: This statement is filed by: (i) Bounty Investors LLC, a limited liability company organized under the laws of the State of Delaware with respect to the shares of Common Stock beneficially owned by it; and (ii) WEC Asset Management LLC, a limited liability company organized under the laws of the State of Delaware, with respect to the shares of Common Stock beneficially owned by it and Bounty Investors LLC. Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the business office of each of the Reporting Persons is: 110 Colabaugh Pond Road, Croton-on-Hudson, New York 10520 Item 2(c). Citizenship: Bounty Investors LLC is a limited liability company organized under the laws of the State of Delaware. WEC Asset Management LLC is a limited liability company organized under the laws of the State of Delaware. Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share (the "Common Stock") Item 2(e). CUSIP Number: 237887104 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act, (b) [ ] Bank as defined in Section 3(a)(6) of the Act, (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act, (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F), (g) [ ] Parent Holding Company or control person in accordance with Rule 13d-1 (b)(ii)(G), (h) [ ] Savings Associations as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) [ ] Group, in accordance with Rule 13d- 1(b)(1)(ii)(J). If this statement is filed pursuant to 13d-1(c), check this box: [x] Item 4. Ownership. A. Bounty Investors LLC (a) Amount beneficially owned: 84,794 shares of the Company's common stock. (b) Percent of class: 0.1% The percentages used herein and in the rest of Item 4 are calculated based upon their being 7,576,794 shares of Common Stock outstanding as reflected in the Form 10KSB filed by the Company with the Securities and Exchange Commission (the "Commission") on March 30, 2000. (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 84,794 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 84,794 B. WEC Asset Management LLC (a) Amount beneficially owned: 84,794 shares of the Company's common stock. (b) Percent of class: 0.1%, The percentages used herein and in the rest of Item 4 are calculated based upon their being 7,576,794 shares of Common Stock outstanding as reflected in the Form 10KSB filed by the Company with the Securities and Exchange Commission (the "Commission") on March 30, 2000. (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 84,794 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the Disposition: 84,794 Item 5. Ownership of Five Percent or Less of a Class. The Company has redeemed the 0% convertible subordinated debentures dated October 12, 1999, so that Bounty Investors LLC and WEC Asset Management LLC now hold less than 5.0% of the outstanding shares of common stock of issuer. 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. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. Each of the Reporting Persons hereby makes the following certification: 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 purpose or effect. SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: BOUNTY INVESTORS LLC By: WEC ASSET MANAGEMENT LLC, Manager By: /s/ Daniel J. Saks ------------------------ Name: Daniel J. Saks Title: Managing Director WEC ASSET MANAGEMENT LLC By: /s/ Daniel J. Saks ----------------- Name: Daniel J. Saks Title: Managing Director Exhibit I JOINT FILING AGREEMENT Each of the undersigned hereby agrees that the schedule 13G filed herewith is filed jointly, pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, on behalf of each of them. Dated: May 22, 2000 BOUNTY INVESTORS LLC By: WEC ASSET MANAGEMENT LLC, Manager By: /s/ Daniel J. Saks ------------------ Name: Daniel J. Saks Title: Managing Director WEC ASSET MANAGEMENT LLC By: /s/ Daniel J. Saks ------------------ Name: Daniel J. Saks Title: Managing Director -----END PRIVACY-ENHANCED MESSAGE-----