-----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, WdX15BSI7wm51q4evWVSaF+1rY+uy5qNZcrhdI/foHcliHnjtYleGymJ5XoQYzhj X6qMNpxpbTYtY20utRqTug== 0000922423-99-001110.txt : 19990913 0000922423-99-001110.hdr.sgml : 19990913 ACCESSION NUMBER: 0000922423-99-001110 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990624 FILED AS OF DATE: 19990910 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: 4 SEC ACT: SEC FILE NUMBER: 033-71662 FILM NUMBER: 99709166 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 COMPANY DATA: COMPANY CONFORMED NAME: RESURGENCE ASSET MANAGEMENT LLC /ADV CENTRAL INDEX KEY: 0001035953 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER IRS NUMBER: 133916611 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 1185 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2127302000 MAIL ADDRESS: STREET 1: 1185 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: RESURGENCE ASSET MANAGEMENT LLC /ADV DATE OF NAME CHANGE: 19990108 4 1 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP (X) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 1. Name and Address of Reporting Person Resurgence Asset Management L.L.C. (1) 10 New King Street, Suite 107 White Plains NY, 10604 USA 2. Issuer Name and Ticker or Trading Symbol CAI Wireless Systems, Inc. (CWSS) 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 8/99 5. If Amendment, Date of Original (Month/Year) 7/15/99 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 7. Individual or Joint/Group Filing (Check Applicable Line) ( ) Form filed by One Reporting Person (X) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | (Instr.3 and 4) (Instr.4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/24/99 S 582,947 D $28 0 I See (2) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/24/99 S 386,687 D $28 0 I See (3) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/24/99 S 628,206 D $28 0 I See (4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (5) 8/24/99 S 7,792 D $28 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (6) 8/24/99 S 582,947 D $28 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (7) 8/24/99 S 299,003 D $28 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 18 Pages - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (8) 8/24/99 S 140,459 D $28 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (9) 8/24/99 S 32,806 D $28 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (10) 8/24/99 S 87,684 D $28 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/24/99 S 628,206 D $28 0 I See (11) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/24/99 S 87,684 D $28 0 I See (12) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/24/99 S 454,941 D $28 0 I See (13) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (14) 8/24/99 S 20,356 D $28 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/24/99 S 7,792 D $28 0 I See (15) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (16) 8/24/99 S 6,526 D $28 0 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (17) 8/24/99 S 1,632,514 D $28 0 I ==================================================================================================================================== Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) * If the form is filed by more than one reporting person, see Instructions 4(b)(v). SEC 1474 (7/96) * If the form is filed by more than one reporting person, see Instruction 4(b)(v). Page 2 of 18 Pages ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) Mr. James B. Rubin serves as Chief Investment Officer of and is responsible for the day to day investment activities of Resurgence Asset Management, L.L.C. ("RAM"). Voting and dispositive power is exercised solely in its capacity as sole general partner and sole investment advisor of M.D. Sass Corporate Resurgence Partners, L.P. ("Resurgence L.P.") Accordingly, RAM may be deemed to share voting and dispositive power. RAM, Resurgence L.P. and the parties listed below may be deemed to be members of a "group" for purposes of Section 13(d) of the Exchange Act. (2) These securities may be deemed to be beneficially owned by RAM. These securities are owned of record by Resurgence L.P. However, RAM may be deemed to share voting and dispositive power as explained in footnote (1). (3) These securities may be deemed to be beneficially owned by Resurgence Asset Management International, L.L.C. ("RAMI"). These securities are owned of record by M.D. Sass Corporate Resurgence International, Ltd ("Resurgence Ltd") and M.D. Sass Re/Enterprise International, Ltd. ("Re/Enterprise International"). Voting and dispositive power is exercised solely by RAMI (i) in its capacity as sole special shareholder of and sole investment advisor of Resurgence Ltd. and (ii) pursuant to a Subadvisory Agreement with M.D. Sass Management, Inc.("M.D. Sass Management") with respect to Re/Enterprise International. Accordingly, in each case, RAMI may be deemed to share voting and dispositive power. (4) These securities may be deemed to be beneficially owned by Re/Enterprise Asset Management, L.L.C. ("REAM"). These securities are owned of record by two employee benefit plans, M.D. Sass Re/Enterprise Partners, L.P. ("Re/Enterprise") and M.D. Sass Re/Enterprise - II, L.P. ("Re/Enterprise II"). Voting and dispositive power is exercised by REAM pursuant to a Subadvisory Services Agreement with M.D. Sass Management and M.D. Sass Associates, Inc. ("M.D. Sass Associates") with respect to the two employee benefit plans, Re/Enterprise and Re/Enterprise II. Accordingly, REAM may be deemed to share voting and dispositive power. (5) These securities are owned of record by Kingstreet Ltd. (6) These securities are owned of record by Resurgence L.P. (7) These securities are owned of record by Resurgence Ltd. (8) These securities are owned of record by Re/Enterprise. Page 3 of 18 (9) These securities are owned of record by Re/Enterprise II. (10) These securities are owned of record by Re/Enterprise International. (11) These securities may be deemed to be beneficially owned by M.D. Sass Associates. These securities are owned of record by two employee benefit plans, Re/Enterprise and Re/Enterprise II. Voting and dispositive power is exercised by M.D. Sass Associates pursuant to a Subadvisory Services Agreement with REAM with respect to the two employee benefit plans, Re/Enterprise and Re/Enterprise II. Accordingly, M.D. Sass Associates may be deemed to share voting and dispositive power. (12) These securities may be deemed to be beneficially owned by M.D. Sass Management, Inc. ("M.D. Sass Management"). These securities are owned of record by Re/Enterprise International. Voting and dispositive power is exercised through Re/Enterprise International. Pursuant to a Subadvisory Services Agreement it has entered into with RAMI, RAMI exercises sole voting and dispositive power of these shares. Accordingly, M.D. Sass Management many be deemed to share voting and dispositive power. (13) These securities may be deemed to be beneficially owned by M.D. Sass Investors Services, Inc. These securities are owned of record by the two employee benefit plans. M.D. Sass Investors Services, Inc. acts as an investment advisor to both of these plans. Accordingly, M.D. Sass Investors Services, Inc. may be deemed to share voting and dispositive power. (14) These securities are owned of record by Resurgence Parallel Fund LLC. (15) These securities may be deemed to be beneficially owned by The M.D. Sass Re/Enterprise International Irrevocable Trust II (the "Trust"). These securities are owned of record by Kingstreet Ltd. The Trust owns 100% of Kingstreet and may be deemed to share voting and dispositive power. (16) These securities are owned of record by M.D. Sass Associates, Inc. Employees Profit Sharing Plan. (17) Kingstreet Ltd., Resurgence L.P., the two employee benefit plans, Resurgence Ltd., Re/Enterprise, Re/Enterprise II, Re/Enterprise International, Resurgence Parallel Fund LLC, and M.D. Sass Associates, Inc. Employees Profit Sharing Plan (collectively the "Record Owners") are all of the owners of record. These securities are directly owned by the Record Owners in the aggregate.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations /s/ James B. Rubin 9/9/99 --------------------------- ------ See 18 U.S.C. 1001 and 15 U.S. C. 78ff(a). Name: James B. Rubin RESURGENCE ASSET MANAGEMENT, L.L.C. By: /s/ James B. Rubin 9/9/99 ------------------- ------ Name: James B. Rubin Title: Manager ** Signature of Reporting Person
Note:File three copies of this Form, one of which must be manually signed. If space provided is insufficient, See Instruction 6 for procedure Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 4 of 18 Joint Filer Information Name: Resurgence Asset Management International, L.L.C. Address: 10 New King Street; Suite 107 White Plains, New York 10604 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C. By: /s/James B. Rubin ------------------ Name: James B. Rubin Title: Manager Page 5 of 18 Joint Filer Information Name: Re/Enterprise Asset Management, L.L.C. Address: 10 New King Street; Suite 107 White Plains, New York 10604 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: RE/ENTERPRISE ASSET MANAGEMENT, L.L.C. By: /s/James B. Rubin ------------------ Name: James B. Rubin Title: Manager Page 6 of 18 Joint Filer Information Name: Kingstreet Ltd. Address: c/o CITCO International Trust Company, Ltd. Corporate Center, West Bay Road P.O. Box 31106 SMB Grand Cayman, Cayman Islands Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: KINGSTREET LTD. By: CTC Corporation, Ltd., its director By: /s/ A. Charles Levene ----------------------- Name: A. Charles Levene Title: Authorized Signatory Page 7 of 18 Joint Filer Information Name: M.D. Sass Corporate Resurgence Partners, L.P. Address: 10 New King Street; Suite 107 White Plains, New York 10604 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS CORPORATE RESURGENCE PARTNERS, L.P. By: Resurgence Asset Management, L.L.C., its General Partner By: /s/James B. Rubin ------------------ Name: James B. Rubin Title: Chief Investment Officer Page 8 of 18 Joint Filer Information Name: M.D. Sass Corporate Resurgence International, Ltd. Address: 10 New King Street; Suite 107 White Plains, New York 10604 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS CORPORATE RESURGENCE INTERNATIONAL, LTD. By: Resurgence Asset Management, L.L.C., its Special Shareholders By: /s/James B. Rubin ------------------- Name: James B. Rubin Title: Chief Investment Officer Page 9 of 18 Joint Filer Information Name: M.D. Sass Re/Enterprise Partners, L.P. Address: 1185 Avenue of the Americas New York, New York 10036 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS RE/ENTERPRISE PARTNERS, L.P. By: M.D. Sass Associates, Inc., its General Partner By: /s/ Martin E. Winter -------------------- Name: Martin E. Winter Title: Senior Vice President Page 10 of 18 Joint Filer Information Name: M.D. Sass Re/Enterprise - II, L.P. Address: 1185 Avenue of the Americas New York, New York 10036 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS RE/ENTERPRISE - II, L.P. By: M.D. Sass Associates, Inc., its General Partner By: /s/ Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President Page 11 of 18 Joint Filer Information Name: M.D. Sass Re/Enterprise International, Ltd. Address: 1185 Avenue of the Americas New York, New York 10036 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS RE/ENTERPRISE INTERNATIONAL, LTD. By: M.D. Sass Associates, Inc., its investment manager By: /s/ Martin E. Winter ----------------------- Name: Martin E. Winter Title: Senior Vice President Page 12 of 18 Joint Filer Information Name: M.D. Sass Associates, Inc. Address: 1185 Avenue of the Americas New York, New York 10036 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS ASSOCIATES, INC. By: /s/ Martin E. Winter ----------------------- Name: Martin E. Winter Title: Senior Vice President Page 13 of 18 Joint Filer Information Name: M.D. Sass Management, Inc. Address: 1185 Avenue of the Americas New York, New York 10036 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS MANAGEMENT, INC. By: /s/ Martin E. Winter ----------------------- Name: Martin E. Winter Title: Senior Vice President Page 14 of 18 Joint Filer Information Name: M.D. Sass Investors Services, Inc. Address: 1185 Avenue of the Americas New York, New York 10036 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS INVESTORS SERVICES, INC. By: /s/ Martin E. Winter ----------------------- Name: Martin E. Winter Title: Senior Vice President Page 15 of 18 Joint Filer Information Name: Resurgence Parallel Fund LLC Address: 1185 Avenue of the Americas New York, New York 10036 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: RESURGENCE PARALLEL FUND LLC By: /s/ Martin D. Sass ---------------------- Name: Martin D. Sass Title: Manager By: /s/ Martin E. Winter ----------------------- Name: Martin E. Winter Title: Manager Page 16 of 18 Joint Filer Information Name: M.D. Sass Re/Enterprise International Irrevocable Trust II Address: c/o CITCO International Trust Company, Ltd. Corporate Center, West Bay Road P.O. Box 31106 SMB Grand Cayman, Cayman Islands Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS RE/ENTERPRISE INTERNATIONAL IRREVOCABLE TRUST II By: /s/ A. Charles Levene ------------------------- Name: A. Charles Levene Title: Trustee Page 17 of 18 Joint Filer Information Name: M.D. Sass Associates, Inc. Employees Profit Sharing Plan Address: 1185 Avenue of the Americas New York, New York 10036 Designated Filer: James Rubin Resurgence Asset Management, L.L.C. Issuer & Ticker Symbol: CAI Wireless Systems, Inc. (CWSS) Date of Event Requiring Statement: 6/24/99 Signature: M.D. SASS ASSOCIATES, INC. EMPLOYEES PROFIT SHARING PLAN By: /s/ Martin E. Winter ------------------------ Name: Martin E. Winter Title: Trustee Page 18 of 18 -----END PRIVACY-ENHANCED MESSAGE-----