-----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, BASLLGM8XSy8mHVmyuOvx2PDCjIGz5kyVfYipJBacXgw1erXfxI7F61XmcF6tYP9 kBnG/ybGAmD9fG2pR9xASQ== 0001005477-99-004328.txt : 19990916 0001005477-99-004328.hdr.sgml : 19990916 ACCESSION NUMBER: 0001005477-99-004328 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990915 GROUP MEMBERS: ESCALADE INVESTORS LLC GROUP MEMBERS: WEC ASSET MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADRENALIN INTERACTIVE INC CENTRAL INDEX KEY: 0000942650 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 133779546 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-49979 FILM NUMBER: 99711739 BUSINESS ADDRESS: STREET 1: 5301 BEETHOVEN STREET SUITE 155 CITY: LOS ANGELES STATE: CA ZIP: 90066 BUSINESS PHONE: 3108217880 MAIL ADDRESS: STREET 1: 5301 BEETHOVEN STREET STE 155 CITY: LOS ANGELES STATE: CA ZIP: 90066 FORMER COMPANY: FORMER CONFORMED NAME: WANDERLUST INTERACTIVE INC DATE OF NAME CHANGE: 19960119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ESCALADE INVESTORS LLC CENTRAL INDEX KEY: 0001094715 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 522180014 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O WEC ASSET MANAGEMENT STREET 2: 1 WORLD TRADE CENTER SUITE 4563 CITY: NEW YORK STATE: NY ZIP: 10048 BUSINESS PHONE: 2127759299 MAIL ADDRESS: STREET 1: C/O WEC ASSET MANAGEMENT STREET 2: 1 WORLD TRADE CENTER SUITE 4563 CITY: NEW YORK STATE: NY ZIP: 10048 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. __)(1) ADRENALIN INTERACTIVE, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.03 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 007246200 - -------------------------------------------------------------------------------- (CUSIP Number) July 12, 1999 - -------------------------------------------------------------------------------- (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) - ---------- (1) 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. 007246200 SCHEDULE 13G - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Escalade Investors LLC 52-2180014 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 322,580 (see Note A) OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 322,580 (see Note A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 322,580 (see Note A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.1% (see Note A) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 007246200 SCHEDULE 13G - -------------------------------------------------------------------------------- 1 NAME 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) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 322,580 (see Note A) OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 322,580 (see Note A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 322,580 (see Note A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.1% (see Note A) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1 (a) NAME OF ISSUER ADRENALIN INTERACTIVE, INC. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 3501 Beethoven Street Los Angeles, CA 90066-7047 ITEM 2 (a) NAME OF PERSON FILING This statement is filed by Escalade Investors LLC WEC Asset Management LLC, with respect to the shares beneficially owned by Escalade Investors LLC The foregoing persons are hereinafter sometimes referred to collectively as the "Reporting Persons." (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE The address of the principal business office of each Reporting Person is: Escalade Investors LLC c/o WEC Asset Management LLC One World Trade Center Suite 4563 New York, NY 10046 WEC Asset Management LLC One World Trade Center Suite 4563 New York, NY 10046 (c) CITIZENSHIP Escalade 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. (d) TITLE OF CLASS OF SECURITIES Common Stock, $.03 par value (e) CUSIP NUMBER 007246200 ITEM 3 If This Statement is Filed Pursuant to Rule 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) |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) (f) |_| An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) (g) |_| A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) (h) |_| A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (i) |_| A 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 Rule 13d-1(c), check this box |X| ITEM 4 OWNERSHIP 1. Escalade Investors LLC (a) Amount beneficially owned: 322,580 (see Note A) (b) Percent of class: 9.1% (see Note A) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 322,580 (see Note A) (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 322,580 (see Note A) 2. WEC Asset Management LLC (a) Amount beneficially owned: 322,580 (see Note A) (b) Percent of class: 9.1% (see Note A) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 322,580 (see Note A) (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 322,580 (see Note A) 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 See Note A ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY N/A ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP N/A ITEM 9 NOTICE OF DISSOLUTION OF GROUP N/A ITEM 10 CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired are not being 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. 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. September 14, 1999 ------------------------------------- (Date) ESCALADE INVESTORS LLC By: WEC Asset Management LLC, Manager By: /s/ Ethan Benovitz --------------------------------- Name: Ethan Benovitz Title: Managing Director WEC ASSET MANAGEMENT LLC By: /s/ Ethan Benovitz --------------------------------- Name: Ethan Benovitz Title: Managing Director 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: September 14 , 1999 ESCALADE INVESTORS LLC By: WEC Asset Management LLC, Manager By: /s/ Ethan Benovitz --------------------------------- Name: Ethan Benovitz Title: Managing Director WEC ASSET MANAGEMENT LLC By: /s/ Ethan Benovitz --------------------------------- Name: Ethan Benovitz Title: Managing Director NOTE A This Form 13G represents ownership by Escalade Investors LLC of 293,255 shares of the Common Stock of the Issuer (8.3%). Escalade Investors LLC also holds Warrants to purchase 29,325 shares of the Issuer's Common Stock (0.8%). The aggregate of the shares owned and the shares which might be acquired on exercise of the Warrants is 322,580 (9.1%). WEC Asset Management LLC, the manager of Escalade Investors LLC, shares the power to dispose of and the power to vote the shares of Common Stock of the Issuer beneficially owned by Escalade Investors LLC and, pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended, is deemed to be a beneficial owner of such interests for purposes of this filing. However, WEC Asset Management LLC disclaims beneficial ownership of these shares. The managing directors of WEC Asset Management LLC are Ethan Benovitz, Daniel Saks and Mark Nordlicht. The Reporting Persons hereby incorporate by reference the Report on Form 8-K filed by the Issuer on July 13, 1999 (including the exhibits thereto) for a description of the rights and obligations of the Reporting Persons to acquire or purchase additional shares of the Issuer's Common Stock. The Reporting Persons disclaim any beneficial interest in or voting rights in the shares of Common Stock of the Issuer held by or issuable upon the exercise of any conversion or other rights held by any other holder of shares or such rights of the Issuer. -----END PRIVACY-ENHANCED MESSAGE-----