-----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, SPoECbkGP6w+oPQHcYeMe1beyoOZTF0p0GYEma6i0FoXz6sIqS1Lw7XpJMmBvdWd 4NQMLhTyAS8O2f59cLX1BA== 0000921895-00-000300.txt : 20000419 0000921895-00-000300.hdr.sgml : 20000419 ACCESSION NUMBER: 0000921895-00-000300 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000418 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SMARTSERV ONLINE INC CENTRAL INDEX KEY: 0001005698 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 133750708 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-49961 FILM NUMBER: 603679 BUSINESS ADDRESS: STREET 1: METRO CENTER STREET 2: ONE STATION PLACE CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 2033535950 MAIL ADDRESS: STREET 1: ONE STATION PLACE CITY: STAMFORD STATE: CT ZIP: 06902 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WIRELESS ACQUISITION PARTNERS LLC CENTRAL INDEX KEY: 0001110702 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 134099746 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: MICHAEL WAINSTEIN STREET 2: 505 PARK AVE 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127537200 MAIL ADDRESS: STREET 1: MICHAEL WAINSTEIN STREET 2: 505 PARK AVE 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 SCHEDULE 13D - AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 -------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)(1) SMARTSERV ONLINE, INC. - -------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of class of securities) 13-3750708 - -------------------------------------------------------------------------------- (CUSIP number) THOMAS J. FLEMING, ESQ. OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP 505 Park Avenue New York, New York 10022 (212) 753-7200 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) April 11, 2000 - -------------------------------------------------------------------------------- (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 / /. 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. - -------- 1 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 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 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. 13-3750708 13D Page 2 of 11 Pages - -------------------------------- ------------------------- (Continued on following pages) (Page 2 of 11 Pages) ================================================================================ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Wireless Acquisition Partners, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 370,832 shares (subject to adjustment BENEFICIALLY and/or dispute) OWNED BY ---------------------------------------------------------------- EACH REPORTING PERSON WITH 8 SHARED VOTING POWER 0 shares ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 370,832 shares (subject to adjustment and/or dispute) ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 370,832 shares (subject to adjustment and/or dispute) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- ------------------------- CUSIP No. 13-3750708 13D Page 3 of 11 Pages - -------------------------------- ------------------------- ================================================================================ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Gregg A. Smith - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 370,832 shares (subject to adjustment OWNED BY and/or dispute) EACH ---------------------------------------------------------------- REPORTING PERSON WITH 8 SHARED VOTING POWER 0 shares ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 370,832 shares (subject to adjustment and/or dispute) ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 370,832 shares (subject to adjustment and/or dispute) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- ------------------------- CUSIP No. 13-3750708 13D Page 4 of 11 Pages - -------------------------------- ------------------------- ================================================================================ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Michael Wainstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 370,832 shares (subject to adjustment OWNED BY and/or dispute) EACH REPORTING ----------------------------------------------------------------- PERSON WITH 8 SHARED VOTING POWER 0 shares ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 370,832 shares (subject to adjustment and/or dispute) ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 370,832 shares (subject to adjustment and/or dispute) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------- ------------------------- CUSIP No. 13-3750708 13D Page 5 of 11 Pages - -------------------------------- ------------------------- The Schedule 13D filed by the undersigned (the "Schedule 13D") on March 31, 2000, is hereby amended by this Amendment No. 1, dated April 13, 2000. Item 5. Interest in Securities of the Issuer. ------------------------------------- Item 5 is amended to add the following: On April 10, 2000, WAP closed on its acquisition from Rickel, and thus acquired, among other things, the Underwriters Warrant and the Supplemental Warrants. On April 11, 2000, WAP sent to the Issuer the letter annexed as exhibit E exercising its right to a cashless exchange of the Supplemental Warrants. As a result of the cashless exercise of the Supplemental Warrants, WAP believes that it is entitled to receive 190,832 shares of Common Stock, based on the Supplemental Warrants giving rise to the right to acquire 200,000 shares at the prices stated on the face of the Supplemental Warrants. WAP has utilized the foregoing amount in computing its percentage interest set forth on the cover sheets of this Amendment. If the Supplemental Warrants are adjusted to give effect to the Issuer's 1 to 6 reverse stock split, then WAP would be entitled to receive 31,805 shares as a result of this exercise, which would give the Reporting Persons beneficial ownership of 211,805 shares representing 5.7% of the issued and outstanding shares. The Issuer has not delivered any stock certificates to WAP in response to its cashless exercise. All of the foregoing computations are subject to the qualifications set forth in the Reporting Persons' initial filing. On April 12, 2000, WAP also sent to the Issuer the letter annexed as Exhibit F. Item 7. Material to be Filed as Exhibits -------------------------------- Item 7 is amended to add the following: Exhibits E. Letter from WAP to the Issuer, dated April 11, 2000. Exhibit F. Letter from WAP to the Issuer, dated April 12, 2000. - -------------------------------- ------------------------- CUSIP No. 13-3750708 13D Page 6 of 11 Pages - -------------------------------- ------------------------- SIGNATURES ---------- After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: April 17, 2000 WIRELESS ACQUISITION PARTNERS, LLC By:/s/ Michael Wainstein -------------------------------------- President - Michael Wainstein /s/ Michael Wainstein -------------------------------------- Michael Wainstein /s/ Gregg A. Smith -------------------------------------- Gregg A. Smith - -------------------------------- ------------------------- CUSIP No. 13-3750708 13D Page 7 of 11 Pages - -------------------------------- ------------------------- EXHIBIT INDEX ------------- Exhibit Description Page - ------- ----------- ---- A. Underwriters warrant to purchase common stock and/or redeemable warrants, dated March 21, 1996. (previously filed) B. The Rickel/Issuer Agreement, dated April 24, 1997. (previously filed) C. The Rickel/Issuer Agreement, dated May 19, 1997. (previously filed) D. Order approving sale of debtor's assets in In re Rickel & Associates, Inc., Case No. 98/B/47203 (SMB)(U.S. Bankruptcy Court, S.D.N.Y.), dated March 20, 2000. (previously filed) E. Letter from WAP to the Issuer, dated 8 April 11, 2000 F. Letter from WAP to the Issuer, dated 10 April 12, 2000 Exhibit E WIRELESS ACQUISITION PARTNERS, LLC 505 Park Avenue, 14th Floor New York, New York 10022 April 11, 2000 Via Federal Express SmartServ Online Inc. One Station Place Stamford, CT 06902 Attention: Mr. Sebastian Cassetta Chairman and CEO Dear Mr. Cassetta: Please be advised that, pursuant to the Order of the United States Bankruptcy Court of the Southern District of New York, we have acquired from Rickel & Associates, Inc. ("Rickel") all of its rights in, among other things, (i) the Agreement dated April 24, 1997 between SmartServ Online, Inc. ("SSOL") and Rickel, including the warrants to be issued pursuant thereto; and (ii) the Agreement dated May 19, 1997 between Rickel and SSOL, including the warrants to be issued pursuant thereto (collectively, the "Agreements"). We refer you to the Schedule 13D that we have filed with the Securities and Exchange Commission to which is annexed copies of the Agreements and the Order of the Bankruptcy Court approving the terms of the sale. The Agreements entitle the holder to purchase 200,000 shares of the Company's Common Stock exercisable $2.00 per share for 25,000 shares; $2.25 per share for 25,000 shares; $2.75 for 25,000 shares; $3.00 per share for 50,000 shares; $3.50 for 25,000 shares; $3.75 for 25,000 shares; $4.00 for 25,000 shares. The Agreements further provide that the warrants will be subject to a "cashless" exchange provision. We hereby exercise all of the warrant holder's rights to effectuate such a "cashless" exchange in exercising the warrants under the Agreements, based upon the closing price on April 11, $65.125 per share. We demand that SSOL provide us with share certificates in the appropriate amount, as well as its computation underlying that amount. If SSOL takes the position that the warrants are subject to adjustment based upon dilution, recapitalization, or other events, please provide us with a number of shares that you contend to be appropriate, along with an explanation of the basis for your computation. We reserve all of our rights to dispute any share issuance based upon any exercise price, or number of warrants, that differs from the figures set forth in the Agreements. We also wish to put you on notice we contemplate the prompt sale of any securities received pursuant to this exercise, because market conditions now appear favorable. We insist that SSOL respond promptly to this exercise and provide us with the certificates no later than the close of business on Wednesday, April 13. In the event SSOL delays in delivering the certificates, or fails to do so, we wish to put you on notice that we intend to seek all appropriate remedies. WIRELESS ACQUISITION PARTNERS, LLC By: /s/ Michael Wainstein ------------------------------------- Michael Wainstein Exhibit F WIRELESS ACQUISITION PARTNERS, LLC 505 Park Avenue, 14th Floor New York, New York 10022 April 12, 2000 Via Federal Express - ------------------- SmartServ Online Inc. One Station Place Stamford, CT 06902 Attention: Mr. Sebastian Cassetta Chairman and CEO Dear Mr. Cassetta: Please be advised that, pursuant to the Order of the United States Bankruptcy Court for the Southern District of New York, we have acquired from Rickel & Associates, Inc. ("Rickel") all of its rights in, among other things, the Underwriters Warrant dated March 21, 1996 (the "Underwriters Warrant"), issued by SmartServ Online, Inc. ("SSOL"). We refer you to the Schedule 13D that we have filed with the Securities and Exchange Commission to which is annexed a copy of the Underwriters Warrant and the Order of the Bankruptcy Court. We request that SSOL deliver to us a new warrant in the name of Wireless Acquisition Partners, LLC. In addition to those items in the Schedule 13D, I enclose the following: 1. Affidavits of Lost Warrant Instruments; 2. Instruments of Transfer for the warrants; 3. Assignment and Bill of Sale between the Company and Rickel; 4. Copy of resolutions of the Company authorizing the transaction; 5. Power of attorney by Kenneth D. Rickel in favor of Matthew B. King; 6. An opinion of counsel, dated April 11, 2000, regarding exemption from registration under the Securities Act with respect to the SmarServ warrant. In our informal discussions, you have advised us that SSOL believes that the Underwriters Warrant, after adjustments, gives rise to the right to purchase 90,000 shares at $13.50 per share, and for the purchase warrants, 90,000 shares at $14.75 per share. We have not had an opportunity to verify your computation. We request that you provide us with your final figures promptly, along with your computation, as contemplated by Section 7(L) of the Underwriters Warrant. We reserve our right to review and correct the foregoing computation if it is in error. Under Section 5(a) of the Underwriters Warrant, the Company was obligated to give the holder 30 days notice of any registration statement that it filed, so that the holder could have its shares and warrants included. In December 1999, SSOL filed a registration statement, but in violation of Section 5(a), it failed to give notice to the holder, or to include the shares covered by the Underwriters Warrant. In addition, by letter dated February 10, 2000, the holder of Underwriters Warrant, Rickel, made demand upon SSOL to register the Underwriters Warrant and its underlying shares within thirty days, as contemplated by Section 5(b). More than thirty days has passed, but still no registration statement has been filed. We hereby demand that SSOL promptly cure these breaches and register the warrants, purchase warrants and underlying shares, immediately. Please take notice that we reserve our right to seek all appropriate remedies for any losses that Warrant Acquisition Partners may suffer due to SSOL's breach of the Underwriters Warrant. WIRELESS ACQUISITION PARTNERS, LLC By: /s/ Michael Wainstein ------------------------------------ Michael Wainstein -----END PRIVACY-ENHANCED MESSAGE-----