SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

RIVERSIDE CONTRACTING LLC

(Last)

(First)

(Middle)

C/O REGEN CAPITAL, LLC

2109 BROADWAY, 2ND FLOOR

(Street)

NEW YORK

10023

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
U S WIRELESS DATA INC [ USWE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/31/2004		P		5,000	A	$0.0008	455,000	D
Common Stock (Direct by ReGen Partners I, LP)	12/31/2004		P		5,000⁽¹⁾	A	$0.0008	455,000	D
Common Stock	12/31/2004		P		10,000	A	$0.0008	910,000⁽²⁾	I	by Elliot H. Herskowitz
Common Stock	12/31/2004		P		10,000	A	$0.0008	910,000⁽²⁾	I	by Neil Herskowitz
Common Stock	01/03/2005		P		45,250	A	$0.0009	500,250	D
Common Stock (by ReGen Partners I, LP)	01/03/2005		P		45,250⁽¹⁾	A	$0.0009	500,250	D
Common Stock	01/03/2005		P		90,500	A	$0.0009	1,000,500	I⁽²⁾	by Elliot H. Herskowitz
Common Stock	01/03/2005		P		90,500	A	$0.0009	1,000,500	I⁽²⁾	by Neil Herskowitz

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares were purchased by Riverside Contracting, LLC as agent for ReGen Partners I, LP, and are in the process of being transferred into the name of ReGen Partners I, LP.

2. These securities may be deemed to be beneficially owned by Elliot H. Herskowitz and Neil Herskowitz, the managing members of Riverside Contracting, LLC and the sole members of ReGen Partners LLC, which is the general partner of ReGen Partners I, LP. Each such Reporting Person disclaims beneficial ownership of the reported securities and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purpose of Section 16 of the Securities Act of 1934, as amended, or for any other purpose.

Remarks:

Additional Reporting Persons: ReGen Partners I, LP c/o ReGen Capital, LLC 2109 Broadway, 2nd Floor New York, NY 10023 Elliot H. Herskowitz c/o ReGen Capital, LLC 2109 Broadway, 2nd Floor New York, NY 10023 Neil Herskowitz c/o ReGen Capital, LLC 2109 Broadway, 2nd Floor New York, NY 10023

	Riverside Contracting, LLC by Elliot H. Herskowitz, Managing Member /s/ Elliot H. Herskowitz	01/05/2005
	ReGen Partners I, LP by ReGen Partners LLC, General Partner by Elliot H. Herskowitz, Managing Member /s/ Elliot H. Herskowitz	01/05/2005
	/s/ Elliot H. Herskowitz	01/05/2005
	/s/ Neil Herskowitz	01/05/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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