-----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, NgXMpOoTk7tDAKA6Jh5+YNsuiFhYMLd6tf8ceqam8XMSXs95CFCthzA5NGbBjFmH CitH0IT++SqsIken9eiZSQ== 0000899140-99-000142.txt : 19990212 0000899140-99-000142.hdr.sgml : 19990212 ACCESSION NUMBER: 0000899140-99-000142 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990211 GROUP MEMBERS: BACON LOUIS M GROUP MEMBERS: MOORE CAPITAL MANAGEMENT, INC. GROUP MEMBERS: MOORE GLOBAL INVESTMENTS, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAI WIRELESS SYSTEMS INC CENTRAL INDEX KEY: 0000914749 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 061324691 STATE OF INCORPORATION: CT FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-45035 FILM NUMBER: 99531112 BUSINESS ADDRESS: STREET 1: 18 CORPORATE WOODS BLVD STREET 2: THIRD FLOOR CITY: ALBANY STATE: NY ZIP: 12211 BUSINESS PHONE: 5184622632 MAIL ADDRESS: STREET 1: 18 CORPORATE WOODS BLVD STREET 2: 3RD FLOOR CITY: ALBANY STATE: NY ZIP: 12211 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BACON LOUIS M CENTRAL INDEX KEY: 0001051290 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1251 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2127827325 MAIL ADDRESS: STREET 1: 1251 AVE OF THE AMERICAS STREET 2: MOORE CAPITAL MANAGEMENT INC CITY: NEW YORK STATE: NY ZIP: 10020 SC 13G/A 1 AMENDMENT NO. 1 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Amendment No. 1) Under the Securities Exchange Act of 1934* CAI Wireless Systems, Inc. -------------------------- (Name of Issuer) Common Stock, $.01 par value ---------------------------- (Title of Class of Securities) 12476P203 --------- (CUSIP Number) December 31, 1998 ----------------- (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) *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). |---------------------------| | CUSIP No. 12476P203 | 13G | ----------------| |---------------------------| - -------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Louis M. Bacon - -------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------- ----------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None ----- -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 2,270,715 OWNED BY EACH ----- -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH None ----- -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,270,715 - -------- ----------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,270,715 - -------- ----------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------- ----------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.2% - -------- ----------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN, IA - -------- ----------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 2 |---------------------------| | CUSIP No. 12476P203 | 13G | ----------------| |---------------------------| - -------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Moore Capital Management, Inc. - -------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------- ----------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None ----- -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,862,059 OWNED BY EACH ----- -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH None ----- -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,862,059 - -------- ----------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,862,059 - -------- ----------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------- ----------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.8% - -------- ----------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO, IA - -------- ----------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 3 |---------------------------| | CUSIP No. 12476P203 | 13G | ----------------| |---------------------------| - -------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Moore Global Investments, Ltd. - -------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------- ----------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bahamas - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None ----- -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,862,059 OWNED BY EACH ----- -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH None ----- -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,862,059 - -------- ----------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,862,059 - -------- ----------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------- ----------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.8% - -------- ----------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------- ----------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 4 Item 1(a): Name of Issuer: - --------- -------------- CAI Wireless Systems, Inc. (the "Company"). Item 1(b): Address of Issuer's Principal Executive Offices: - --------- ----------------------------------------------- 18 Corporate Woods Blvd. Albany, New York 12211 Items 2(a): Name of Person(s) Filing: - ---------- ------------------------ This Amendment No. 1 to the Statement is being filed solely to correct the CUSIP number of the Common Stock (as defined) disclosed in the original Statement. The Statement is being filed by (1) Moore Capital Management, Inc. ("MCM"), (2) Louis M. Bacon ("Mr. Bacon"), in his capacity as (a) Chairman and Chief Executive Officer, director and controlling shareholder of MCM and (b) Chairman and Chief Executive Officer, director and majority interest holder in Moore Capital Advisors, LLC ("MCA"), and (3) Moore Global Investments, Ltd. ("MGI"). MCM, a registered commodity trading advisor and member of the National Futures Association, serves as discretionary investment manager to MGI, a non-U.S. investment company incorporated in the Bahamas, and other investment funds. MCA, a registered commodity trading advisor and commodity pool operator, serves as general partner and discretionary investment manager to a U.S. partnership, Remington Investment Strategies, L.P. ("RIS"). The principal occupation of Mr. Bacon is the direction of the investment activities of MCM and MCA, carried out in his capacity of Chairman and Chief Executive Officer of such entities. In this capacity, Mr. Bacon may be deemed to be the beneficial owner of the shares of Common Stock (as defined) which are the subject of this statement held for the account of MGI and for the account of RIS. Item 2(b): Address of Principal Business Office: - --------- ------------------------------------ The principal business offices of MCM and Mr. Bacon are located at 1251 Avenue of the Americas, New York, New York 10020. The principal business offices of MGI are located at c/o Citco Fund Services (Bahamas) Ltd., The Bahamas Financial Centre, P.O. Box CB-13136, Nassau, Bahamas. Item 2(c): Citizenship: - --------- ----------- 5 Mr. Bacon: United States citizen MCM: Connecticut corporation MGI: Bahamas corporation Item 2(d): Title of Class of Securities: - --------- ---------------------------- Common stock, par value $.01 per share (the "Common Stock"), of the Company. Item 2(e): CUSIP Number: - --------- ------------ 12476P203 Item 3: If this statement is filed pursuant to ss. 240.13d-1(b) or - ------ 240.13d-2(b) or (c), check whether the person is filing as a: ---- (a)[ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b)[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c)[ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d)[ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e)[ ] An investment adviser in accordance with s. 240.13d-1(b)(1)(ii)(E). (f)[ ] An employee benefit plan or endowment fund in accordance with s. 240.13d-1(b)(1)(ii)(F). (g)[ ] A parent holding company or control person in accordance with s. 240.13d-1(b)(1)(ii)(G). (h)[ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (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 (15 U.S.C. 80a-3). (j)[ ] Group, in accordance with s. 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to s. 240.13d-1(c), check this box [X]. Items 4(a)-(c): Ownership: - -------------- --------- On the date of this Statement: 6 (i) Mr. Bacon is deemed to have beneficial ownership for purposes of Section 13(d) of the Securities Exchange Act of 1934 ("Beneficial Ownership") of 2,270,715 shares of Common Stock by virtue of his control of MCM and MCA. Such shares represent 13.2% of the issued and outstanding shares of Common Stock. By virtue of his control of MCM and MCA, Mr. Bacon is deemed to share voting power and dispositive power over the shares of Common Stock held by MGI and RIS. (ii) MCM is deemed to have Beneficial Ownership of 1,862,059 shares of Common Stock by virtue of its position as discretionary investment manager of MGI. Such shares represent 10.8% of the issued and outstanding Common Stock. MCM is vested with the power to direct disposition of the Common Stock held by MGI and shares with MGI and Mr. Bacon voting power over such Common Stock. (iii) MGI has Beneficial Ownership of 1,862,059 shares of Common Stock held by it. Such shares represent 10.8% of the issued and outstanding Common Stock. MGI currently does not exercise dispositive power over such shares but could obtain such power within 60 days if MGI exercised its right to terminate its trading advisory agreement with MCM. The percentages used herein are calculated based upon the 17,241,379 shares of Common Stock stated to be issued and outstanding as of October 29, 1998, as described in the Company's Form 10-Q, for the quarterly period ended September 30, 1998. Item 5: Ownership of Five Percent or Less of a Class: - ------ ----------------------------------------------- Not Applicable. Item 6: Ownership of More than Five Percent on Behalf of Another - ------ Person: ------ Mr. Bacon, by virtue of his control of MCM and MCA, is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds of the sale of, shares of Common Stock, except that shareholders of MGI and partners of RIS have the right to participate in the receipt of dividends from, or proceeds upon the sale of, the shares of Common Stock held for their respective accounts. Item 7: Identification and Classification of the Subsidiary Which - ------ Acquired the Security Being Reported on By the Parent Holding Company: --------------- Not Applicable. 7 Item 8: Identification and Classification of Members of the Group: - ------ --------------------------------------------------------- Incorporated by reference herein is the Joint Filing Agreement among Mr. Bacon, MCM and MGI, attached as Exhibit A to the original Statement, filed October 26, 1998. Item 9: Notice of Dissolution of Group: - ------ ------------------------------ Not Applicable. Item 10: Certification: - ------- ------------- By signing below each of the undersigned certifies that, to the best of the undersigned's 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. 8 SIGNATURE --------- After reasonable inquiry and to the best of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 11, 1999 LOUIS M. BACON By: /s/ Stephen R. Nelson ----------------------------------- Name: Stephen R. Nelson* Title: Attorney-in-Fact MOORE CAPITAL MANAGEMENT, INC. By: /s/ Stephen R. Nelson ----------------------------------- Name: Stephen R. Nelson* Title: Attorney-in-Fact MOORE GLOBAL INVESTMENTS, LTD. By: /s/ Stephen R. Nelson ----------------------------------- Name: Stephen R. Nelson* Title: Attorney-in-Fact _____________________ * Incorporated by reference herein is the Power of Attorney dated November 28, 1997 granted by Louis M. Bacon in favor of M. Elaine Crocker, Kevin F. Shannon and Stephen R. Nelson, attached as Exhibit B to the original Statement, filed October 26, 1998. 9 -----END PRIVACY-ENHANCED MESSAGE-----