-----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, Lg2SPkX+n+mZ5+hQo8q0yXxi24BKiRxxthmWrpBtKO1Jyx7IaI6oBzK7VSEkEv2C xGrseR7fRN+MGWfgPfDAeQ== 0000950123-00-000896.txt : 20000210 0000950123-00-000896.hdr.sgml : 20000210 ACCESSION NUMBER: 0000950123-00-000896 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20000209 GROUP MEMBERS: GBU INC /ADV GROUP MEMBERS: GEM CAPITAL MANAGEMENT INC GROUP MEMBERS: GERALD B. UNTERMAN GROUP MEMBERS: WOODBURY CAPITAL MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED RADIO TELECOM CORP CENTRAL INDEX KEY: 0001010286 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 521869023 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-49879 FILM NUMBER: 528097 BUSINESS ADDRESS: STREET 1: 500 108TH AVE NE STREET 2: SUITE 2600 CITY: BELLEVUE STATE: WA ZIP: 98004 BUSINESS PHONE: 4256888700 MAIL ADDRESS: STREET 1: 500 108TH AVENUE NE STREET 2: SUITE 2600 CITY: BELLEVUE STATE: WA ZIP: 98004 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GBU INC /ADV CENTRAL INDEX KEY: 0000853658 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133548863 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 70 E 55TH ST 12TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127530700 FORMER COMPANY: FORMER CONFORMED NAME: GBU INC /ADV DATE OF NAME CHANGE: 19980331 SC 13G 1 ORIGINAL FILING: ADVANCED RADIO/GBU 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. __) Advanced Radio Telecom Corp. (Name of Issuer) Common Stock (Title of Class of Securities) 00754U101 (CUSIP Number) February 4, 2000 (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 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). Page 1 of 10 Pages 2 CUSIP No. 00754U101 1. NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS GBU Inc. ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH 2,654,164 REPORTING PERSON WITH - -------------------------------------------------------------------------------- 6. SHARED VOTING POWER -0- - -------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 2,654,164 - -------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,654,164 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.7% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON * IA - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT Page 2 of 10 Pages 3 CUSIP No. 00754U101 1. NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS GEM 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 New York - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH 6,700 REPORTING PERSON WITH - -------------------------------------------------------------------------------- 6. SHARED VOTING POWER -0- - -------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 6,700 - -------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,700 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .02% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON * IA - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT Page 3 of 10 Pages 4 CUSIP No. 00754U101 1. NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Woodbury Capital Management, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH 159,000 REPORTING PERSON WITH - -------------------------------------------------------------------------------- 6. SHARED VOTING POWER -0- - -------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 159,000 - -------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 159,000 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .58% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON * IA - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT Page 4 of 10 Pages 5 CUSIP No. 00754U101 1. NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Gerald B. Unterman - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 2,880,864 - -------------------------------------------------------------------------------- 6. SHARED VOTING POWER -0- - -------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 2,880,864 - -------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,880,864 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.5% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON * IN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT Page 5 of 10 Pages 6 Item 1(a). Name of Issuer Advanced Radio Telecom Corp. Item 1(b). Address of Issuer's Principal Executive Offices 500 108th Avenue, N.E. Suite 2600 Bellevue, Washington 98004 Item 2(a). Names of Persons Filing GBU Inc. GEM Capital Management, Inc. Woodbury Capital Management, LLC Gerald B. Unterman Item 2(b). Address of Principal Business Office 70 East 55th Street - 12th Floor New York, NY 10022 Item 2(c). Citizenship The information contained in Item 4 on the cover pages is incorporated hereby by reference Item 2(d). Title of Class of Securities Common Stock Item 2(e). CUSIP Number 00754U101 Item 3. This Statement is filed pursuant to Rule 13d-1(c) Page 6 of 10 Pages 7 Item 4. Ownership as of February 4, 2000 The information contained in Items 5-11 on the cover pages is incorporated hereby by reference 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 GBU Inc., a registered investment adviser, is the general partner of Oak Tree Partners, L.P., a Delaware limited partnership which beneficially owns more than five percent (5%) of the Common Stock of Advanced Radio Telecom Corp. Item 7. Identification and Classification of Certain Subsidiaries Not Applicable Item 8. Identification and Classification of Members of a Group See Exhibit A annexed hereto Item 9. Notice of Dissolution of a Group Not Applicable Item 10. Certification By signing below the undersigned certify that, to the best of their knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and accurate. Page 7 of 10 Pages 8 SIGNATURE: Date: February 8, 2000 GBU INC. By: /s/ Gerald B.Unterman ---------------------- Gerald B. Unterman President GEM CAPITAL MANAGEMENT, INC. By: /s/ Gerald B.Unterman ---------------------- Gerald B. Unterman President WOODBURY CAPITAL MANAGEMENT, LLC By: /s/ Gerald B.Unterman ---------------------- Gerald B. Unterman Manager /s/ Gerald B.Unterman --------------------- GERALD B. UNTERMAN Page 8 of 10 Pages EX-99.A 2 I.D. AND CLASSIFICATION OF MEMEBRS OF A GROUP 1 EXHIBIT A Mr. Unterman is the President, a director and majority shareholder of GBU Inc. ("GBU"), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 (the "Advisers Act"). GBU is the sole general partner of Oak Tree Partners, L.P. ("Oak Tree"). Mr. Unterman is also the President, director and majority shareholder of GEM Capital Management, Inc. ("GEM Capital"), an investment adviser registered under the Advisers Act. GEM Capital is an investment adviser for various managed accounts over which it has investment discretion. Mr. Unterman is also the Manager of Woodbury Capital Management, LLC. ("Woodbury Capital"), an investment adviser registered under the Advisers Act. Woodbury Capital is an investment adviser to an offshore fund over which it has investment discretion. The 2,880,864 shares of common stock of Advanced Radio Telecom Corp. deemed to be beneficially owned by Gerald B. Unterman includes (i) 2,654,164 shares beneficially owned by GBU Inc., (ii) 6,700 shares benefically owned by GEM Capital, (iii) 159,000 shares benefically owned by Woodbury Capital and (iv) 61,000 shares owned by the GEM Capital profit sharing trust of which Mr. Unterman is a trustee. The Reporting Persons are of the view that they are not acting as a "group" for purposes of Section 13(d) under the Securities Exchange Act of 1934 and each Reporting Person disclaims beneficial ownership of the securities deemed to be beneficially owned by the other Reporting Persons under the Securities Exchange Act. Page 9 of 10 Pages EX-99.B 3 JOINT FILING AGREEMENT 1 EXHIBIT B The undersigned hereby agree that for the purposes of complying with Regulation 13D promulgated under the Securities Exchange Act of 1934, as amended, relating to the reporting of beneficial ownership, from time to time, of the Common Stock of Advanced Radio Telecom Corp., by each of the undersigned, only one statement on Schedule 13G (or one Amendment, as the case may be, in the event an amendment to the Schedule 13G is required to be filed), will be filed on behalf of each of the undersigned. Dated: February 8, 2000 GBU INC. By: /s/ Gerald B.Unterman ---------------------- Gerald B. Unterman President GEM CAPITAL MANAGEMENT, INC. By: /s/ Gerald B.Unterman ---------------------- Gerald B. Unterman President WOODBURY CAPITAL MANAGEMENT, LLC By: /s/ Gerald B.Unterman ---------------------- Gerald B. Unterman Manager /s/ Gerald B.Unterman --------------------- GERALD B. 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