-----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, Pcu/vKtvb03Mrrvqk8I3z/DZUJetL/ZSx5FRpKb9B4vBKb5Z1CKNh8B1PUsitY4U iFmzQCkVgPvQnd9XsUYWLQ== 0000919574-98-000985.txt : 19981029 0000919574-98-000985.hdr.sgml : 19981029 ACCESSION NUMBER: 0000919574-98-000985 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981028 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEWSEDGE CORP CENTRAL INDEX KEY: 0000858912 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 043016142 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-44899 FILM NUMBER: 98732257 BUSINESS ADDRESS: STREET 1: 80 BLANCHARD RD CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 6172293000 MAIL ADDRESS: STREET 1: DESKTOP DATA INC STREET 2: 80 BLANCHARD RD CITY: BURLINGTON STATE: MA ZIP: 01803 FORMER COMPANY: FORMER CONFORMED NAME: DESKTOP DATA INC DATE OF NAME CHANGE: 19950629 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: REGAN PARTNERS LP CENTRAL INDEX KEY: 0000943552 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NJ FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 6 EAST 43RD ST CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2124469500 MAIL ADDRESS: STREET 1: 6 EAST 43RD STREET CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No.: 1 Name of Issuer: NewsEDGE Corporation Title of Class of Securities: Common Stock, $.01 par value CUSIP Number: 00065249Q1 (Name, Address and Telephone Number of Person Authorized To Receive Notices and Communications) Peter Woodward, c/o Regan Partners, L.P., 6 East 43rd Street New York, New York 10017; (212) 661-3442 (Date of Event which Requires Filing of this Statement) October 22, 1998 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 the disclosures provided in a prior cover page. The information required in 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.: 00065249Q1 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Regan Partners, L.P. 2. Check the Appropriate Box if a Member of a Group a. b. X 3. SEC Use Only 4. Source of Funds WC 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization New Jersey Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power: 8. Shared Voting Power: 1,970,000 9. Sole Dispositive Power: 10. Shared Dispositive Power: 1,970,000 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,970,000 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 2 13. Percent of Class Represented by Amount in Row (11) 11.3% 14. Type of Reporting Person PN 3 CUSIP No.: 00065249Q1 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Regan International Fund Limited 2. Check the Appropriate Box if a Member of a Group a. b. X 3. SEC Use Only 4. Source of Funds WC 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization British Virgin Islands Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power: 8. Shared Voting Power: 1,336,400 9. Sole Dispositive Power: 10. Shared Dispositive Power: 1,336,400 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,336,400 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 4 13. Percent of Class Represented by Amount in Row (11) 7.7% 14. Type of Reporting Person PN 5 CUSIP No.: 00065249Q1 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Regan Fund Management Ltd. 2. Check the Appropriate Box if a Member of a Group a. b. X 3. SEC Use Only 4. Source of Funds WC 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization New York Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power: 8. Shared Voting Power: 1,336,400 9. Sole Dispositive Power: 10. Shared Dispositive Power: 1,336,400 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,336,400 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 6 13. Percent of Class Represented by Amount in Row (11) 7.7% 14. Type of Reporting Person CO 7 CUSIP No.: 00065249Q1 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Basil P. Regan 2. Check the Appropriate Box if a Member of a Group a. b. X 3. SEC Use Only 4. Source of Funds WC 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 of America Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power: 439,700 8. Shared Voting Power: 3,306,400 9. Sole Dispositive Power: 439,700 10. Shared Dispositive Power: 3,306,400 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,746,100 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 8 13. Percent of Class Represented by Amount in Row (11) 21.6% 14. Type of Reporting Person IN 9 The purpose of this Amendment No. 1 to the previously filed Schedule 13D is to report that the ownership of Regan Partners, L.P. (the "Partnership"), Regan International Fund Limited (the "International Fund"), Regan Fund Management Ltd. (the "Investment Manager") and Basil P. Regan (together with the Partnership, the International Fund and the Investment Manager, the "Reporting Persons") in the Common Stock, $.01 par value (the "Shares"), of NewsEDGE Corporation (the "Issuer") has increased. The ownership of the Partnership has increased from 10.1% to 11.3%; the International Fund and the Investment Manager from 7.3% to 7.7%; and the beneficial ownership of Basil P. Regan from 19.9% to 21.6% of the Shares outstanding. Item 1. Security and Issuer No change. Item 2. Identity and Background No change. Item 3. Source and Amount of Funds or Other Consideration As of the date hereof, the Partnership owns 1,970,000 Shares; the International Fund owns and the Investment Manager is deemed to beneficially own 1,336,400 Shares; and Basil P. Regan is deemed to beneficially own 3,746,100 Shares. All 3,746,100 Shares are held by either the Partnership, the International Fund, Basil P. Regan or the managed accounts. All of the Shares were purchased in open market transactions. The Shares owned by the Partnership were purchased for an aggregate purchase price of $12,691,713. The Shares owned by the International Fund and beneficially owned by the Investment Manager were purchased for an aggregate purchase price of $9,675,432. The Shares beneficially owned by Basil P. Regan were purchased for an aggregate purchase price of $25,935,378. The funds for the purchase of the Shares held by the Partnership, the International Fund, Basil P. Regan or the managed accounts have come from the working capital of the Partnership, the International Fund, Basil P. Regan or the managed account. No funds were borrowed to purchase any of the Shares. 10 Item 4. Purpose of Transactions No change. Item 5. Interest in Securities of Issuer As of the date hereof, the Partnership owns 1,970,000 Shares, the International Fund owns and the Investment Manager is deemed to beneficially own 1,336,400 Shares and Basil P. Regan is deemed to be the beneficial owner of 3,746,100 Shares. Based on the Issuer's filing on Form 10-Q on August 14, 1998, as of July 31, 1998 there were 17,382,065 Shares outstanding. Therefore, the Partnership owns 11.3%, the International Fund owns and the Investment Manager is deemed to beneficially own 7.7% and Basil P. Regan is deemed to beneficially own 21.6% of the outstanding Shares. The Reporting Persons have the sole or shared power to vote, direct the vote, dispose of or direct the disposition of all the Shares that they are deemed to beneficially own. All transactions in the Shares effected by the Reporting Persons since the most recent filing on Schedule 13D were effected in open-market transactions and are set forth in Exhibit B hereto. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No change. Item 7. Material to be Filed as Exhibits 1. An agreement relating to the filing of a joint statement as required by Rule 13d-1(f) under the Securities Exchange Act of 1934 is filed herewith as Exhibit A. 2. A description of the transactions in the Shares that were effected by the Reporting Persons since the most recent filing on Schedule 13D is filed herewith as Exhibit B. 11 Signature The undersigned, after reasonable inquiry and to the best of their knowledge and belief, certify that the information set forth in this statement is true, complete and correct. REGAN PARTNERS, L.P. By: /s/ Basil P. Regan _______________________________ Basil P. Regan, General Partner REGAN INTERNATIONAL FUND LIMITED By: Regan Fund Management Ltd. By: /s/ Basil P. Regan _______________________________ Basil P. Regan, President REGAN FUND MANAGEMENT LTD. By: /s/ Basil P. Regan _______________________________ Basil P. Regan, President /s/ Basil P. Regan _______________________________ Basil P. Regan October 28, 1998 12 AGREEMENT The undersigned agree that this Schedule 13D dated October 28, 1998 relating to the Common Stock of NewsEDGE Corporation shall be filed on behalf of the undersigned. REGAN PARTNERS, L.P. By: /s/ Basil P. Regan _______________________________ Basil P. Regan, General Partner REGAN INTERNATIONAL FUND LIMITED By: Regan Fund Management Ltd. By: /s/ Basil P. Regan _______________________________ Basil P. Regan, President REGAN FUND MANAGEMENT LTD. By: /s/ Basil P. Regan _______________________________ Basil P. Regan, President /s/ Basil P. Regan _______________________________ Basil P. Regan 13 Exhibit B SCHEDULE OF TRANSACTIONS - the International Fund and the Investment Manager Price Per Share Date Shares Purchased or (Sold) (excluding commission) ____ __________________________ _____________________ 10/14/98 10,000 $5.0625 10/16/98 10,000 5.364 10/22/98 15,000 7.0625 10/22/98 10,000 6.391 10/26/98 10,000 7.1875 10/27/98 10,000 7.0000 14 Exhibit B SCHEDULE OF TRANSACTIONS - the Partnership Price Per Share Date Shares Purchased or (Sold) (excluding commission) ____ __________________________ _____________________ 10/14/98 10,000 $5.000 10/15/98 10,000 5.3125 10/16/98 10,000 5.3125 10/16/98 10,000 5.1875 10/19/98 10,000 5.25 10/20/98 7,750 5.308 10/21/98 25,000 7.075 10/21/98 25,000 6.8125 10/21/98 25,000 6.5625 10/21/98 25,000 6.196 10/22/98 17,250 6.819 10/23/98 10,000 7.058 10/26/98 10,000 7.0500 10/26/98 10,000 7.0000 10/27/98 10,000 7.0000 15 Exhibit B SCHEDULE OF TRANSACTIONS - Basil P. Regan Price Per Share Date Shares Purchased or (Sold) (excluding commission) ____ __________________________ _____________________ 10/14/98 10,000 $5.0625 10/14/98 10,000 5.000 10/15/98 10,000 5.3125 10/16/98 10,000 5.3125 10/16/98 10,000 5.1875 10/16/98 10,000 5.364 10/19/98 10,000 5.25 10/20/98 7,750 5.308 10/21/98 25,000 7.075 10/21/98 25,000 6.8125 10/21/98 25,000 6.5625 10/21/98 25,000 6.156 10/22/98 17,250 6.819 10/22/98 15,000 7.0625 10/22/98 10,000 6.391 10/23/98 10,000 7.058 10/26/98 10,000 7.0000 10/26/98 10,000 7.1875 10/26/98 10,000 7.0500 10/27/98 20,000 7.0000 16 01394002.AM4 -----END PRIVACY-ENHANCED MESSAGE-----