-----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, LooDHI3Q1n7vRwnMuWuykBDaZ4sfkX6zYHj2LrDujqZ/vKnHoGcwUKjiQqci0u/C ffwDkfvs9W7E9/XK9L2r9g== 0000950120-99-000027.txt : 19990122 0000950120-99-000027.hdr.sgml : 19990122 ACCESSION NUMBER: 0000950120-99-000027 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990121 GROUP MEMBERS: DINAN JAMES G GROUP MEMBERS: YORK CAPITAL MANAGEMENT, L.P. GROUP MEMBERS: YORK INSTITUTIONAL PARTNERS, L.P. GROUP MEMBERS: YORK INVESTMENT LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITY FIRST ACQUISITION CORP CENTRAL INDEX KEY: 0001021435 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 133899021 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-47429 FILM NUMBER: 99509409 BUSINESS ADDRESS: STREET 1: 245 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2126964282 MAIL ADDRESS: STREET 1: 245 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DINAN JAMES G CENTRAL INDEX KEY: 0001022078 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 350 PARK AVE 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123772020 MAIL ADDRESS: STREET 1: 350 PARK AVE 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (1) UNITY FIRST ACQUISITION CORP. ----------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.0001 PER SHARE ----------------------------------------------------------------- (Title of Class of Securities) 912908 10 0 ----------------------------------------------------------------- (CUSIP Number) JANUARY 11, 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 the 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). Page 1 ---------------------- CUSIP No. 912908 10 0 ---------------------- -------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS James G. Dinan --------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] --------------------------------------------------------------- 3 SEC USE ONLY --------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. --------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------- 6 SHARED VOTING POWER OWNED BY 172,400 shares EACH -------------------------------------------------- 7 SOLE DISPOSITIVE POWER REPORTING -0- PERSON WITH -------------------------------------------------- 8 SHARED DISPOSITIVE POWER 172,400 shares --------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 172,400 shares --------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.2% --------------------------------------------------------------- 12 TYPE OF REPORTING IN PERSON* IN --------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 2 --------------------- CUSIP No. 912908 10 0 --------------------- --------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS York Investment Limited --------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] --------------------------------------------------------------- 3 SEC USE ONLY --------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of the Bahamas --------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 93,100 shares -------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 93,100 shares --------------------------------------------------- PERSO WITH 8 SHARED DISPOSITIVE POWER -0- --------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 93,100 shares --------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5% --------------------------------------------------------------- 12 TYPE OF REPORTING IN PERSON* CO --------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 3 --------------------- CUSIP No. 912908 10 0 --------------------- -------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS York Capital Management, L.P. --------------------------------------------------------------- 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 SHARES 51,700 shares -------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 51,700 shares -------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER -0- --------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 51,700 shares --------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.8% --------------------------------------------------------------- 12 TYPE OF REPORTING IN PERSON* PN -------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 4 --------------------- CUSIP No. 912908 10 0 --------------------- -------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS York Institutional Partners, L.P. --------------------------------------------------------------- 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 SHARES 5,175 shares -------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 5,175 shares -------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER -0- --------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,175 shares --------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% --------------------------------------------------------------- 12 TYPE OF REPORTING IN PERSON* PN -------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 5 SCHEDULE 13G ITEM 1(A). NAME OF ISSUER: -------------- Unity First Acquisition Corp. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: ----------------------------------------------- 245 Fifth Avenue New York, New York 10016 ITEM 2(A) & ITEM 2(C). NAME OF PERSON FILING: --------------------- This Schedule is being filed jointly by the following reporting persons (hereinafter sometimes collectively referred to as the "Reporting Persons") pursuant to an Agreement of Joint Filing attached hereto as Exhibit A: ---------- (i) James G. Dinan ("Dinan"), an individual who is the Senior Managing Director, Member and holder of ninety- nine percent (99%) interest in Dinan Management, L.L.C. ("Dinan Management"), a Delaware limited liability company. Dinan is a citizen of the United States. (ii) York Capital Management, L.P. ("York Capital"), a Delaware limited partnership. (iii) York Institutional Partners, L.P. ("York Institutional"), a Delaware limited partnership. (iv) York Investment Limited ("York Investment"), a corporation of The Commonwealth of The Bahamas. Dinan Management acts as General Partner of York Capital and York Institutional. Each of York Capital and York Institutional is a privately owned investment limited partnership. Dinan Management Corporation ("DMC"), a Delaware corporation, is the sub-manager of York Investment. Dinan is the President and ninety-nine percent (99%) shareholder of DMC. Dinan is also filing this statement on behalf of certain other funds and accounts ("Managed Accounts") over which he has discretionary investment authority. Dinan is the President and sole shareholder of JGD Management Corp., a Delaware corporation, which manages the Managed Accounts. ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE: ------------------------------------ The address of each of Dinan, York Capital and York Institutional is: 350 Park Avenue 4th Floor New York, New York 10022 The address of York Investment for purposes of this filing is: York Investment Limited 350 Park Avenue 4th Floor New York, New York 10022 Page 6 ITEM 2(D). TITLE OF CLASS OF SECURITIES: ---------------------------- Common Stock, par value $0.0001 per share ITEM 2(E). CUSIP NUMBER: ------------ 912908 10 0 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) ----------------------------------------------------- OR 13D-2(B) OR 13D-2(C), CHECK WHETHER THE PERSON ------------------------------------------------- FILING IS A: ----------- (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank is defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (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; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). ITEM 4. OWNERSHIP. --------- Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (i) Dinan (a) Amount beneficially owned: 172,400 shares. -------------- (b) Percent of class: 9.2%. ----- (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote -0-. --- (ii) Shared power to vote or direct the vote 172,400 shares. -------------- (iii) Sole power to dispose or direct the disposition of -0-. --- (iv) Shared power to dispose or direct the disposition of 172,400 shares. -------------- (ii) York Investment Page 7 (a) Amount beneficially owned: 93,100 shares. -------------- (b) Percent of class: 5%. -- (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 93,100 shares. ------------- (ii) Shared power to vote or direct the vote -0-. --- (iii) Sole power to dispose or direct the disposition of 93,100 shares. ------------- (iv) Shared power to dispose or direct the disposition of -0-. --- (iii) York Capital (a) Amount beneficially owned: 51,700 shares. ------------- (b) Percent of class: 2.8%. ---- (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 51,700 shares. ------------- (ii) Shared power to vote or direct the vote -0-. --- (iii) Sole power to dispose or direct the disposition of 51,700 shares. ------------- (iv) Shared power to dispose or direct the disposition of -0-. --- (iv) York Institutional (a) Amount beneficially owned: 5,175 shares. ------------ (b) Percent of class: 0.3%. ---- (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote 5,175 shares. ------------ (ii) Shared power to vote or direct the vote -0-. --- (iii) Sole power to dispose or direct the disposition of 5,175 shares. ------------ (iv) Shared power to dispose or direct the disposition of -0-. --- The number of shares beneficially owned and the percentage of outstanding shares represented thereby, for each of the Reporting Persons, have been computed in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended. The percentage of ownership described above is based on 1,875,000 shares of Common Stock outstanding as reported in Unity First Acquisition Corp.'s Quarterly Report on Form 10-Q for the quarterly period ending April 30, 1998. Page 8 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. -------------- The Managed Accounts have the right to receive dividends from, or the proceeds from the sale of, the Common Stock. 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. Page 9 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 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. 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 accurate. Dated: January 21, 1999 /s/ James G. Dinan ------------------- James G. Dinan Page 10 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 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. 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 accurate. Dated: January 21, 1999 YORK INVESTMENT LIMITED By: DINAN MANAGEMENT CORPORATION, Sub-Manager By: /s/ James G. Dinan ------------------ James G. Dinan President Page 11 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 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. 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 accurate. Dated: January 21, 1999 YORK CAPITAL MANAGEMENT, L.P. By: DINAN MANAGEMENT, L.L.C. By: /s/ James G. Dinan ------------------- James G. Dinan Senior Managing Director Page 12 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 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. 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 accurate. Dated: January 21, 1999 YORK INSTITUTIONAL PARTNERS, L.P. By: DINAN MANAGEMENT, L.L.C. By: /s/ James G. Dinan ------------------- James G. Dinan Senior Managing Director Page 13 EXHIBIT INDEX Exhibit Description ------- ----------- A Agreement of Joint Filing EX-99 2 EXHIBIT A EXHIBIT A AGREEMENT OF JOINT FILING UNITY FIRST ACQUISITION CORP. COMMON STOCK, $0.0001 PAR VALUE PER SHARE In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the undersigned hereby confirm the agreement by and among them to the joint filing on behalf of them of a Statement on Schedule 13G and any and all amendments thereto, with respect to the above referenced securities and that this Agreement be included as an Exhibit to such filing. This Agreement may be executed in any number of counterparts each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement. WITNESS WHEREOF, the undersigned hereby execute this Agreement as of this 21st day of January, 1999. /s/ James G. Dinan ------------------- James G. Dinan YORK INVESTMENT LIMITED By: DINAN MANAGEMENT CORPORATION, Sub-Manager By: /s/ James G. Dinan ------------------- James G. Dinan President YORK CAPITAL MANAGEMENT, L.P. By: DINAN MANAGEMENT, L.L.C. By: /s/ James G. Dinan ------------------- James G. Dinan Senior Managing Director YORK INSTITUTIONAL PARTNERS, L.P. By: DINAN MANAGEMENT, L.L.C. By: /s/ James G. Dinan ------------------- James G. Dinan Senior Managing Director -----END PRIVACY-ENHANCED MESSAGE-----