-----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, QdJuUMmp4syTxv55b7gRJsVZO6QGo0/oDYWJK4GUcnENMEeiwfJLHGu52a/SRerI vRBiU9eMYB/x8+n92tqzmQ== 0000922423-99-001113.txt : 19990913 0000922423-99-001113.hdr.sgml : 19990913 ACCESSION NUMBER: 0000922423-99-001113 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 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: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-45035 FILM NUMBER: 99709548 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: RESURGENCE ASSET MANAGEMENT LLC /ADV CENTRAL INDEX KEY: 0001035953 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133916611 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A 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 SC 13D/A 1 FINAL AMENDMENT TO SC 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FINAL AMENDMENT (AMENDMENT NO.2) TO SCHEDULE 13D Under the Securities Exchange Act of 1934 CAI Wireless Systems, Inc. (Name of Issuer) Common Stock, $.01 par value (Title of Class of Securities) 12476P20 (CUSIP Number) Resurgence Asset Management, LLC 10 New King Street Suite 107 White Plains, New York 10604 Attn: James Rubin (914) 288-8600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 24, 1999 (Date of Event which Requires Filing of this Statement) 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: |_| Page 1 of 26 Pages - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 2 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /1/ Resurgence Asset Management, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /1/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /1/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /1/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- - -------------- /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. Accordingly, RAM may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 3 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /2/ Resurgence Asset Management International, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /2/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /2/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /2/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- - -------- /2/ Mr. James B. Rubin serves as Chief Investment Officer of and is responsible for the day to day investment activities of Resurgence Asset Management International, L.L.C. ("RAMI"). Voting and dispositive power is exercised (i) solely in its capacity as sole special shareholder of and sole investment advisor of M.D. Sass Corporate Resurgence International, Ltd. and (ii) pursuant to a Subadvisory Agreement with M.D. Sass Management, Inc. with respect to M.D. Sass Re/Enterprise International Ltd. Accordingly, in each case, RAMI may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 4 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /3/ Re/Enterprise Asset Management, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /3/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /3/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /3/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- - -------- /3/ Mr. James B. Rubin serves as Manager of and is responsible for the day to day investment activities of Re/Enterprise Asset Management, L.L.C. ("REAM"). Voting and dispositive power is exercised pursuant to a Subadvisory Services Agreement with M.D. Sass Management, Inc., M.D. Sass Investors Services, Inc. and M.D. Sass Associates, Inc. with respect to two employee benefit or retirement plans, M.D. Sass Re/Enterprise Partners, L.P., and M.D. Sass Re/Enterprise - II, L.P. Accordingly, REAM may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 5 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kingstreet Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /4/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /4/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /4/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - -------- /4/ Voting and dispositive power is exercised through its sole director, CTC Corporation Ltd. Kingstreet Ltd. is a wholly-owned subsidiary of The M.D. Sass Re/Enterprise International Irrevocable Trust II. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 6 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /5/ M.D. Sass Corporate Resurgence Partners, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /5/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /5/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /5/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- - -------- /5/ 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 through its sole general partner and sole investment advisor, RAM. Accordingly, M.D. Sass Corporate Resurgence Partners, L.P. may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 7 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /6/ M.D. Sass Corporate Resurgence International, Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /6/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /6/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /6/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - -------- /6/ Mr. James B. Rubin serves as Chief Investment Officer of and is responsible for the day to day investment activities of Resurgence Asset Management International, L.L.C. ("RAMI"). Voting and dispositive power is exercised through its sole special shareholder and investment advisor, RAMI. Accordingly, M.D. Sass Corporate Resurgence International, Ltd. may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 8 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /7/ M.D. Sass Re/Enterprise Partners, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /7/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /7/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /7/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- - -------- /7/ Mr. James B. Rubin serves as Manager of and is responsible for the day to day investment activities of Re/Enterprise Asset Management, L.L.C. ("REAM"). Voting and dispositive power is exercised through REAM pursuant to a Subadvisory Services Agreement with M.D. Sass Associates, Inc., the managing general partner of M.D. Sass Re/Enterprise Partners, L.P. Accordingly, M.D. Sass Re/Enterprise Partners, L.P. may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 9 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /8/ M.D. Sass Re/Enterprise - II, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /8/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /8/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /8/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- - -------- /8/ Mr. James B. Rubin serves as Manager of and is responsible for the day to day investment activities of Re/Enterprise Asset Management, L.L.C. ("REAM"). Voting and dispositive power is exercised through REAM pursuant to a Subadvisory Services Agreement with M.D. Sass Investors Services, Inc., the managing general partner of M.D. Sass Re/Enterprise - II, L.P. Accordingly, M.D. Sass Re/Enterprise - II, L.P. may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 10 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /9/ M.D. Sass Re/Enterprise International, Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /9/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /9/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /9/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - -------- /9/ Mr. James B. Rubin serves as Manager of and is responsible for the day to day investment activities of Resurgence Asset Management International, L.L.C. ("RAMI"). Voting and dispositive power is exercised through RAMI pursuant to a Subadvisory Services Agreement with M.D. Sass Management Inc., the investment manager of M.D. Sass Re/Enterprise International Ltd. Accordingly, M.D. Sass Re/Enterprise International, Ltd. may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 11 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /10/ M.D. Sass Associates, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /10/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /10/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /10/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - -------- /10/ Mr. James B. Rubin serves as Manager of and is responsible for the day to day investment activities of Re/Enterprise Asset Management L.L.C. ("REAM"). Pursuant to a Subadvisory Services Agreement M.D. Sass Associates, Inc. has entered into with REAM, REAM exercises sole voting and dispositive power over such shares. Voting and dispositive power is exercised by M.D. Sass Associates, Inc. solely in its capacity as general partner of M.D. Sass Re/Enterprise Partners, L.P. Accordingly, M.D. Associates, Inc. may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 12 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /11/ M.D. Sass Management, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /11/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /11/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /11/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - -------- /11/ Mr. James B. Rubin serves as Chief Investment Officer and is responsible for the day to day investment activities of Resurgence Asset Management International, L.L.C. ("RAMI"). Voting and dispositive power is exercised through M.D. Sass Re/Enterprise International, Ltd. Pursuant to a Subadvisory Services Agreement it has entered into with RAMI, RAMI exercises sole voting and dispositive power over such shares. Accordingly, M.D. Sass Management, Inc. may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 13 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James B. Rubin /12/ M.D. Sass Investors Services, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /12/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /12/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /12/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - -------- /12/ Mr. James B. Rubin serves as Manager and is responsible for the day to day investment activities of Re/Enterprise Asset Management, L.L.C. ("REAM"). Voting and dispositive power is exercised solely in its capacity as general partner of M.D. Sass Re/Enterprise - II, L.P. and investment advisor to two employee benefit or retirement plans. Pursuant to a Subadvisory Services Agreement it has entered into with REAM, REAM exercises sole voting and dispositive power over such shares. Accordingly, M.D. Sass Investor Services, Inc. may be deemed to share voting and dispositive power. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 14 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Resurgence Parallel Fund LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 15 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The M.D. Sass Re/Enterprise International Irrevocable Trust II - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None /13/ -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None /13/ -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None /13/ - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 - -------------------------------------------------------------------------------- - -------- /13/ The M.D. Sass Re/Enterprise International Irrevocable Trust II (the "Trust") owns 100% of Kingstreet Ltd. and accordingly may be deemed to share voting and dispositive power. Voting and dispositive power on behalf of the Trust is exercised through its trustees, A. Charles Levene and CITCO International Trust Company, Ltd. - ---------------------- CUSIP No. 12476P20 SCHEDULE 13D Page 16 of 26 Pages - ---------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON M.D. Sass Associates, Inc. Employees Profit Sharing Plan - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES None -------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None -------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING None -------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* EP - -------------------------------------------------------------------------------- Schedule 13D Item 1 of the Schedule 13D, "Security and Issuer," is amended and restated in its entirety as follows: This Statement amends the Schedule 13D dated June 15, 1999 (the "Schedule 13D"), relating to the Common Shares, $.01 par value (the "Shares"), of CAI Wireless Systems, Inc., a corporation organized under the laws of Connecticut (the "Issuer"). The principal executive offices of the Issuer are located at 18 Corporate Woods Boulevard, Albany, New York, 12211. Item 3 of the Schedule 13D, "Source and Amount of Funds or Other Consideration," is amended to amend and restate the first paragraph therof in its entirety as follows: As of August 24, 1999 the Reporting Persons no longer beneficially own any shares of Common Stock. Item 3 of the Schedule 13D, "Source and Amount of Funds or Other Consideration," is amended to amend and restate the third paragraph therof in its entirety as follows: Share amounts and prices of all sales of the Shares in the past sixty days are set forth on Exhibit B attached hereto. Item 4 of the Schedule 13D, "Purpose of the Transaction," is amended to add the following: On August 24, 1999 the Reporting Persons sold all Shares in a private transaction. SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this Statement is true, complete and correct. Dated: September 9, 1999 RESURGENCE ASSET MANAGEMENT, L.L.C. By: /s/James B. Rubin --------------------- Name: James B. Rubin Title: Manager RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C. By: /s/James B. Rubin --------------------- Name: James B. Rubin Title: Manager RE/ENTERPRISE ASSET MANAGEMENT, L.L.C. By: /s/James B. Rubin --------------------- Name: James B. Rubin Title: Manager KINGSTREET LTD. By: CTC Corporation, Ltd., its director By: /s/A. Charles Levene ------------------------ Name: A. Charles Levene Title: Authorized Signatory 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 M.D. SASS CORPORATE RESURGENCE PARTNERS INTERNATIONAL, LTD. By: Resurgence Asset Management International, L.L.C., its Special Shareholders By: /s/James B. Rubin --------------------- Name: James B. Rubin Title: Chief Investment Officer 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 M.D. SASS RE/ENTERPRISE - II, L.P. By: M.D. Sass Investors Services, its General Partner By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President M.D. SASS RE/ENTERPRISE INTERNATIONAL, LTD. By: M.D. Sass Management, Inc., as investment manager By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President M.D. SASS ASSOCIATES, INC. By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President M.D. SASS MANAGMENT, INC. By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President M.D. SASS INVESTORS SERVICES, INC. By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President 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 M.D. SASS RE/ENTERPRISE INTERNATIONAL IRREVOCABLE TRUST II By: /s/A. Charles Levene --------------------- Name: A. Charles Levene Title: Trustee M.D. SASS ASSOCIATES, INC. EMPLOYEES PROFIT SHARING PLAN By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Trustee EXHIBIT A Agreement of Joint Filing Pursuant to 13d-1(f) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission the Statement on Schedule 13D (the "Statement") to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them. IN WITNESS WHEREOF, the undersigned have executed this Agreement. Dated: September 9, 1999 RESURGENCE ASSET MANAGEMENT, L.L.C. By: /s/James B. Rubin --------------------- Name: James B. Rubin Title: Manager RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C. By: /s/James B. Rubin --------------------- Name: James B. Rubin Title: Manager RE/ENTERPRISE ASSET MANAGEMENT, L.L.C. By: /s/James B. Rubin --------------------- Name: James B. Rubin Title: Manager KINGSTREET LTD. By: CTC Corporation, Ltd., its director By: /s/A. Charles Levene ------------------------ Name: A. Charles Levene Title: Authorized Signatory 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 M.D. SASS CORPORATE RESURGENCE PARTNERS INTERNATIONAL, LTD. By: Resurgence Asset Management International, L.L.C., its Special Shareholders By: /s/James B. Rubin --------------------- Name: James B. Rubin Title: Chief Investment Officer 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 M.D. SASS RE/ENTERPRISE - II, L.P. By: M.D. Sass Investors Services, its General Partner By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President M.D. SASS RE/ENTERPRISE INTERNATIONAL, LTD. By: M.D. Sass Management, Inc., as investment manager By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President M.D. SASS ASSOCIATES, INC. By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President M.D. SASS MANAGMENT, INC. By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President M.D. SASS INVESTORS SERVICES, INC. By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Senior Vice President 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 M.D. SASS RE/ENTERPRISE INTERNATIONAL IRREVOCABLE TRUST II By: /s/A. Charles Levene --------------------- Name: A. Charles Levene Title: Trustee M.D. SASS ASSOCIATES, INC. EMPLOYEES PROFIT SHARING PLAN By: /s/Martin E. Winter --------------------- Name: Martin E. Winter Title: Trustee EXHIBIT B TRANSACTIONS IN COMMON STOCK OF CAI WIRELESS SYSTEMS DURING THE PRECEDING 60 DAYS Shares Sold by Resurgence Asset Management, L.L.C. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 582,947 $16,322,516 Shares Sold by Resurgence Asset Management International, L.L.C. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 386,687 $10,827,236 Shares Sold by Re/Enterprise Asset Management, L.L.C. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 628,206 $17,589,768 Shares Sold by M.D. Sass Re/Enterprise International, Ltd. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 87,684 $2,455,152 Shares Sold by Kingstreet Limited Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 7,792 $218,176 Shares Sold by M.D. Sass Corporate Resurgence Partners, L.P. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 582,947 $16,322,516 Shares Sold by M.D. Sass Corporate Resurgence International, Ltd. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 299,003 $8,372,084 Shares Sold by M.D. Sass Re/Enterprise Partners, L.P. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 140,459 $3,932,852 Shares Sold by M.D. Sass Re/Enterprise - II, L.P. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 32,806 $918,568 Shares Sold by M.D. Sass Associates, Iac. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 628,206 $17,589,768 Shares Sold by M.D. Sass Management, Inc. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 87,684 $2,455,152 Shares Sold by M.D. Sass Investors Services, Inc. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 454,941 $12,738,348 Shares Sold by M.D. Sass Associates, Inc. Employee Profit Sharing Plan Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 6,526 $182,728 Shares Sold by the Resurgence Parallel Fund, LLC. Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 20,356 $569,968 Shares Sold by the M.D. Sass Re/Enterprise International Irrevocable Trust II Number of Shares Date Sold Total Cost - ---- --------- ---------- 8/24/99 7,792 $218,716 -----END PRIVACY-ENHANCED MESSAGE-----