-----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, JDbgNoVKPZ1BA49zQ6l/sZRwxxFut2Kppwz0eysAZwT6DID7cTWF6hTS1zSMALI2 OIV4H8lAzEPGUPEuJfyD+A== 0000899681-99-000026.txt : 19990202 0000899681-99-000026.hdr.sgml : 19990202 ACCESSION NUMBER: 0000899681-99-000026 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990201 GROUP MEMBERS: BRIAN P. FRIEDMAN GROUP MEMBERS: EDMUND HAJIM GROUP MEMBERS: FAIRWAY CAPITAL PARTNERS L.P. GROUP MEMBERS: FSIP LLC GROUP MEMBERS: FURMAN SELZ CAPITAL MANAGEMENT LLC GROUP MEMBERS: FURMAN SELZ INVESTMENTS LLC GROUP MEMBERS: FURMAN SELZ MANAGEMENT (BVI) LTD. GROUP MEMBERS: FURMAN SELZ SBIC INVESTMENTS LLC GROUP MEMBERS: FURMAN SELZ SBIC L P GROUP MEMBERS: FURMAN SELZ SBIC, L.P. GROUP MEMBERS: ING (U.S.) FINANCIAL HOLDINGS CORPORATION GROUP MEMBERS: ING BANK N.V. GROUP MEMBERS: ING BARING FURMAN SELZ LLC GROUP MEMBERS: ING FURMAN SELZ ASSET MANAGEMENT LLC GROUP MEMBERS: ING GROEP N.V. GROUP MEMBERS: ING MERGER, INC. GROUP MEMBERS: JAMES L. LUIKART GROUP MEMBERS: SAUGATUCK INTERNATIONAL LTD. GROUP MEMBERS: SAUGATUCK PARTNERS L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FLEXIINTERNATIONAL SOFTWARE INC/CT CENTRAL INDEX KEY: 0001015464 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 061309427 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-52727 FILM NUMBER: 99518633 BUSINESS ADDRESS: STREET 1: 2 ENTERPRISE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 BUSINESS PHONE: 2039253040 MAIL ADDRESS: STREET 1: TWO ENTERPRISE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FURMAN SELZ SBIC L P CENTRAL INDEX KEY: 0000949259 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 230 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10169 MAIL ADDRESS: STREET 1: 230 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10169 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. ______)* FLEXIINTERNATIONAL SOFTWARE, INC. (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE (Title of Class of Securities) 338923 10 5 (CUSIP Number) Brian P. Friedman Furman Selz SBIC, L.P. 55 East 52nd Street New York, New York 10055-0002 (212) 309-8400 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 21, 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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box [x] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *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 ("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). SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 2 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Furman Selz SBIC, L.P. 13-3756825 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 1,907,680 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,907,680 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,907,680 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.0% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 3 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Furman Selz SBIC Investments LLC 13-3863604 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 1,907,680 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,907,680 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,907,680 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.0% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 4 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Furman Selz Investments LLC 13-3863171 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 1,907,680 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,907,680 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,907,680 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.0% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 5 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Baring Furman Selz LLC 13-3856626 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF and WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 2,032,180 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,032,180 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,032,180 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.7% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 6 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Groep N.V. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 2,084,180 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,084,180 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,084,180 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.0% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 7 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Merger, Inc. 75-2085140 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 2,032,180 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,032,180 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,032,180 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.7% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 8 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING (U.S.) Financial Holdings Corporation 51-0262561 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 2,084,180 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,084,180 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,084,180 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.0% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 9 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Bank N.V. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 2,084,180 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,084,180 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,084,180 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.0% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* BK - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 10 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Brian P. Friedman ###-##-#### - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 200,000 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 200,000 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 200,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.2% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 11 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) James L. Luikart ###-##-#### - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 100,000 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 100,000 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .6% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 12 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Saugatuck Partners L.P. 13-3803116 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 100,000 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 100,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .6% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 13 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Saugatuck International Ltd. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 1,500 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,500 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.01% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 14 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Furman Selz Management (BVI) Ltd. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 1,500 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,500 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.01% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 15 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Fairway Capital Partners L.P. 13-3921273 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 52,000 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 52,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 52,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 16 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) FSIP LLC 13-3863170 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 52,000 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 52,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 52,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 17 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Furman Selz Capital Management LLC 13-3856627 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 52,000 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 52,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 52,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 18 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) ING Furman Selz Asset Management LLC 13-4038444 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER 52,000 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 52,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 52,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT SCHEDULE 13D - ------------------------------------ ---------------------------- CUSIP No. 338923 10 5 Page 19 - ------------------------------------ ---------------------------- - ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Edmund Hajim ###-##-#### - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 101,000 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 101,000 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 101,000 (includes 9000 shares owned by his children) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .6% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT ITEM 1. SECURITY AND ISSUER. The securities to which this statement relates are shares of common stock, par value $0.01 per share ("Common Stock"), of FlexiInternational Software, Inc., a Delaware corporation ("FlexiInternational" or the "Company"). The principal executive office of FlexiInternational is located at Two Enterprise Drive, Shelton Connecticut 06484. ITEM 2. IDENTITY AND BACKGROUND. The following table provides certain information about each of the Reporting Persons. Citizenship or State of Principal Occupation Name and Address Incorporation/Organization or Business Furman Selz SBIC, L.P. Delaware Small Business ("Furman Selz SBIC") Investment Company 55 East 52nd Street New York, NY 10055-0002 Furman Selz SBIC Delaware Holding Company Investments LLC ("FS SBIC Investments") 55 East 52nd Street New York, NY 10055-0002 Furman Selz Investments LLC Delaware Holding Company ("FS Investments") 55 East 52nd Street New York, NY 10055-0002 ING Baring Furman Selz LLC Delaware Investment Banking ("ING Baring") 55 East 52nd Street New York, NY 10055-0002 ING Merger, Inc. Delaware Holding Company ("ING Merger") 667 Madison Avenue New York, New York 10021 ING (U.S.) Financial Delaware Holding Company Holdings Corporation ("ING (U.S.)") 135 East 57th Street New York, New York 10022 ING Bank N.V. The Netherlands Bank ("ING Bank") P.O. Box 810 1000 AV Amsterdam, The Netherlands ING Groep N.V. The Netherlands Insurance Company ("ING Groep") Strawinskylaan 2631 1097 ZZ Amsterdam Brian P. Friedman United States of America President of 55 East 52nd Street Furman Selz SBIC New York, NY 10055-0002 Investments, LLC and Furman Selz Investments, LLC and a director of the Company James L. Luikart United States of America Executive Vice 55 East 52nd Street President of New York, NY 10055-0002 Furman Selz SBIC Investments, LLC and Furman Selz Investments, LLC Edmund Hajim United States of America Executive Officer 230 Park Avenue of ING Baring New York, NY 10169 Furman Selz LLC and ING Asset Management Saugatuck Partners L.P. Delaware Investment ("Saugatuck") Partnership 230 Park Avenue New York, NY 10169 Saugatuck International Ltd. British Virgin Islands Investments ("Saugatuck International") c/o Furman Selz Financial Services 12 Duke Lane, 3rd Floor Dublin 2, Ireland Fairway Capital Partners L.P. Delaware Investment ("Fairway") Partnership 230 Park Avenue New York, NY 10169 FSIP LLC Delaware Registered ("FSIP") Investment 230 Park Avenue Advisors New York, NY 10169 Furman Selz Capital Delaware Registered Management LLC Investment ("Furman Selz Capital Advisors Management") 230 Park Avenue New York, NY 10169 ING Furman Selz Asset Delaware Holding Company Management LLC ("ING Asset Management") 230 Park Avenue New York, NY 10169 Furman Selz Management British Virgin Islands Investment (BVI) Ltd. Management ("Furman Selz Management") c/o Furman Selz Financial Services 12 Duke Lane, 3rd Floor Dublin 2, Ireland The Executive Board of ING Groep is the following: Executive Board: G.J.A. van der Lugt drs. J.H. Holsboer mr. E. Kist ir. J.H.M. Lindenbergh drs.ing. C. Maas M. Minderhood dr. A.H.G. Rinnooy Kan M. Tilmant The directors and executive officers of ING Merger, Inc. are the following: Directors: Fernando Gentil Wietze Prinsen Officers: Fernando Gentil President David Distler Vice President Benjamin Emanuel Vice President David Rutkin Vice President Amanda D. Lister Treasurer William Austin General Counsel and Secretary Steven D. Blecher Senior Managing Director and Assistant Secretary Thalia Cody Assistant General Counsel and Assistant Secretary Edmund A. Hajim Senior Managing Director Ivy Hwang Assistant General Counsel and Assistant Secretary Joseph Kaminsky Senior Vice President Amanda D. Lister Managing Director Robert J. Miller Assistant Treasurer Wietze Prinsen Senior Managing Director Hanne P. Thrush Assistant Secretary The directors and executive officers of ING (U.S.) Financial Holdings Corporation are the following: Directors: Fernando Gentil Bart Staal Officers: Fernando Gentil President Albert Staal Executive Vice President Christopher Rowland Chief Financial Officer Joseph Kaminsky Senior Vice President Marianne Ruggiero Senior Vice President Benjamin Emanuel Vice President David Rutkin Vice President Phil Schulze Vice President Robert Tankoos Vice President William A. Austin Secretary and General Counsel Ivy Hwang Assistant General Counsel and Assistant Secretary Hanne P. Thrush Assistant Secretary The Executive Board of ING Bank is the following: G.J.A van der Lugt drs. J.H. Holsboer mr. E. Kist ir. J.H.M. Lindenbergh drs.ing. C. Maas dr. A.H.G. Rinnooy Kan M. Tilmant The directors and executive officers of Furman Selz Management are the following: Directors: Steven D. Blecher Vincent Lepore William L. Collins Officers: Steven D. Blecher President Robert J. Miller Vice President, Treasurer William L. Collins Vice President Torman Limited Secretary Thalia M. Cody Assistant Secretary ING Groep owns 100% of ING Bank, which owns 100% of ING (U.S.), which owns 100% of ING Merger, which owns 100% of ING Baring, which is the sole managing member and owner of 99% of the interests of, FS Investments, which is the sole managing member and owner of 99% of the interests of, FS SBIC Investments. FS SBIC Investments is the sole general partner of Furman Selz SBIC, which directly owns 1,907,680 shares of Common Stock of the Company. ING (U.S.) also directly owns ING Asset Management, which is the sole managing member, and owner of 100% of Furman Selz Capital Management, which is the sole managing member and owner of 100% of FSIP, which is the sole general partner of Fairway, which directly owns 52,000 shares of Common Stock of the Company. ING Baring is the sole general partner of Saugatuck, which directly owns 100,000 shares of Common Stock of the Company. ING Baring owns Furman Selz Management, the investment advisor to Saugatuck International, which directly owns 1,500 shares of Common Stock of the Company. Brian P. Friedman directly owns 200,000 shares of Common Stock of the Company and is the President of FS Investments and FS SBIC Investments. ING Baring also owns directly an additional 23,000 shares of Common Stock of the Company. James L. Luikart directly owns 100,000 shares of Common Stock of the Company and is the Executive Vice President of FS Investments and FS SBIC Investments, the sole general partner of Furman Selz SBIC. Edmund Hajim directly owns 101,000 shares of Common Stock of the Company (including 9,000 shares owned by his children) and is an Executive Officer of ING Baring and ING Asset Management. (d) and (e). None of the Reporting Persons, and to the knowledge of the Reporting Persons, none of the other individuals named have, within the last five years, been convicted in criminal proceeding (excluding traffic violations or similar misdemeanors), or have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. (f) Brain P. Friedman, James L. Luikart and Edmund Hajim are United States citizens. ITEM 3. SOURCE AND AMOUNT OF FUNDS. The shares of Common Stock of the Company owned by the Reporting Persons was acquired for an aggregate purchase price of approximately $5,131,128.00. The funds for the purchase of shares of Common Stock of the Company by Furman Selz SBIC were provided from the partners' capital contributions and Small Business Administration issuance of preferred participating securities. The funds for the purchase of shares of Common Stock of the Company by ING Baring were provided from working capital. The funds for the purchase of shares of Common Stock of the Company by Saugatuck and Fairway were provided from the partners' capital contributions. The funds for the purchase of shares of Common Stock of the Company by Saugatuck International were provided from working capital. The funds for the purchase of shares of Common Stock of the Company by Brian P. Friedman, James L. Luikart and Edmund Hajim were provided from personal funds. ITEM 4. PURPOSE OF TRANSACTION. The shares of Common Stock of the Company, the ownership of which is reported hereby, were initially acquired for investment purposes in several transactions beginning in May 1996. On January 21, 1999, Mr. Friedman was elected to the Board of Directors of the Company. Since, pursuant to Section 141 of the Delaware General Corporation Law, the business of the Company is to be managed by or under the direction of its Board of Directors, the Reporting Persons believe that Rule 13d-1(e) under the Securities Exchange Act of 1934, as amended, now requires the Reporting Persons to file this Statement on Schedule 13D rather than on Schedule 13G. The Reporting Persons expressly disclaim any intention to control or acquire control of the Company. While the Board of Directors (of which Mr. Friedman is now a member) may from time to time consider matters of a nature similar to one or more of the actions enumerated under Item 4 of Schedule 13D, there exist at this time no plans or proposals which require disclosure pursuant thereto. The reporting persons reserve the right to acquire additional shares of Common Stock of the Company, or to dispose of some or all of their shares of Common Stock of the Company, in accordance with applicable regulations. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a)-(b)
Number of Shares Beneficially Shared Voting Shared Investment Sole Voting Sole Investment Percentage Name Owned Power Power Power Power of Class - ---- ------------------- ------------- ----------------- ----------- --------------- ---------- Furman Selz SBIC 1,907,680 1,907,680 1,907,680 11.0% FS SBIC Investments 1,907,680 1,907,680 1,907,680 11.0% FS Investments 1,907,680 1,907,680 1,907,680 11.0% ING Baring 2,032,180 2,032,180 2,032,180 11.7% ING Merger 2,032,180 2,032,180 2,032,180 11.7% ING (U.S.) 2,084,180 2,084,180 2,084,180 12.0% ING Bank 2,084,180 2,084,180 2,084,180 12.0% ING Groep 2,084,180 2,084,180 2,084,180 12.0% Brian P. Friedman 200,000 200,000 200,000 1.2% James L. Luikart 100,000 100,000 100,000 0.6% Edmund Hajim 101,000 101,000 101,000 0.6% Saugatuck 100,000 100,000 100,000 0.6% Saugatuck 1,500 1,500 1,500 0.01% International Furman Selz 1,500 1,500 1,500 0.01% Management Fairway 52,000 52,000 52,000 0.3% FSIP 52,000 52,000 52,000 0.3% Furman Selz Capital 52,000 52,000 52,000 0.3% Management ING Asset 52,000 52,000 52,000 0.3% Management
As of September 30, 1998, the Company had 17,331,122 shares of Common Stock outstanding. (b) See the answer to Item 2 hereof. (c) Fairway purchased 12,000 shares of Common Stock of the Company on December 3, 1998 at a purchase price of $1.63 per share and 2,000 shares on December 31, 1998 at a purchase price of $2.39 per share. Fairway purchased such shares in ordinary brokerage transactions on the Nasdaq National Market. On December 10, 1998, Edmund Hajim purchased 16,000 shares of Common Stock of the Company at an average purchase price of $2.36 per share and on January 26, 1999, an additional 5,000 shares at a purchase price of $2.50 per share. Edmund Hajim purchased such shares in ordinary brokerage transactions on the Nasdaq National Market. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Not applicable. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. FURMAN SELZ SBIC, L.P. By: /s/ Brian P. Friedman ------------------------ Name: Brian P. Friedman Title: President of General Partner FURMAN SELZ SBIC INVESTMENTS, LLC By: /s/ Brian P. Friedman -------------------------- Name: Brian P. Friedman Title: President FURMAN SELZ INVESTMENTS, LLC By: /s/ Brian P. Friedman -------------------------- Name: Brian P. Friedman Title: President ING BARING FURMAN SELZ LLC By: /s/ Steven Blecher --------------------------- Name: Steven Blecher Title: Vice Chairman ING MERGER, INC. By: /s/ Steven Blecher --------------------------- Name: Steven Blecher Title: Senior Managing Director and Assistant Secretary ING (U.S.) FINANCIAL HOLDINGS CORPORATION By: /s/ William A. Austin -------------------------- Name: William A. Austin Title: Secretary ING BANK N.V. By: /s/ J. H. J. Houben ---------------------------- Name: J. H. J. Houben Title: By: /s/ P. F. M. Van Lierop --------------------------- Name: P. F. M. Van Lierop Title: Senior Legal Advisor ING GROEP N.V. By: /s/ J. H. J. Houben ---------------------------- Name: J. H. J. Houben SAUGATUCK PARTNERS, L.P. By: ING Baring Furman Selz LLC, General Partner By: /s/ Steven Blecher ----------------------------- Name: Steven Blecher Title: Vice Chairman SAUGATUCK INTERNATIONAL LTD. By: Furman Selz Management (BVI) Ltd., Manager By: /s/ Steven Blecher ---------------------------- Name: Steven Blecher Title: Director FURMAN SELZ MANAGEMENT (BVI) LTD. By: /s/ Steven Blecher ----------------------------- Name: Steven Blecher Title: Director FAIRWAY CAPITAL PARTNERS, L.P. By: FSIP LLC, General Partner By: /s/ Steven Blecher ----------------------------- Name: Steven Blecher Title: Vice President FSIP LLC By: /s/ Steven Blecher ----------------------------- Name: Steven Blecher Title: Vice President FURMAN SELZ CAPITAL MANAGEMENT LLC By: /s/ Steven Blecher ----------------------------- Name: Steven Blecher Title: Vice President ING FURMAN SELZ ASSET MANAGEMENT LLC By: /s/ Steven Blecher ----------------------------- Name: Steven Blecher Title: Vice President /s/ Brian P. Friedman -------------------------------- Brian P. Friedman /s/ James L. Luikart ---------------------------------- James L. Luikart ---------------------------------- Edmund Hajim -----END PRIVACY-ENHANCED MESSAGE-----