0001005477-01-501463.txt : 20011029
0001005477-01-501463.hdr.sgml : 20011029
ACCESSION NUMBER: 0001005477-01-501463
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011024
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: KING WILLIAM LLC
CENTRAL INDEX KEY: 0001161352
STANDARD INDUSTRIAL CLASSIFICATION: []
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: C/O NAVIGATOR MANAGEMENT
STREET 2: PO BOX 972 ROAD TOWN
CITY: TORTOLA BRITISH VIRGIN ISLANDS
STATE: V1
ZIP: 00000
BUSINESS PHONE: 2844944770
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: NETGATEWAY INC
CENTRAL INDEX KEY: 0001075736
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 870591719
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-59275
FILM NUMBER: 1764785
BUSINESS ADDRESS:
STREET 1: 754 EAST TECHNOLOGY AVE
CITY: OREM
STATE: UT
ZIP: 84097
BUSINESS PHONE: 5823080010
MAIL ADDRESS:
STREET 1: 754 EAST TECHNOLOGY AVE
CITY: OREM
STATE: UT
ZIP: 84097
SC 13G
1
d01-34917.txt
SCHEDULE 13G
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)
NETGATEWAY, INC
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
641111109
(CUSIP Number)
September 6, 2001
(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)
CUSIP No. 641111109 13G Page 1 of 2
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
King William LLC
N/A
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
4,100,000 (see Note A)
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY N/A
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 4,100,000 (see Note A)
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
N/A
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,100,000 (see Note A)
--------------------------------------------------------------------------------
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% (see Note A)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO (see Note A)
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
ITEM 1 (a) NAME OF ISSUER
Netgateway, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
754 East Technology Avenue
Orem, UT 84097
ITEM 2 (a) NAME OF PERSON FILING
King William LLC
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
c/o Corporate Centre
Windward One
West Bay Road
PO Box 31106 SMB
Grand Cayman, Cayman Islands
(c) CITIZENSHIP
Cayman Islands
(d) TITLE OF CLASS OF SECURITIES
Common Stock, $.001 par value
(e) CUSIP NUMBER
641111109
ITEM 3 If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under section 15 of the Act
(b) |_| Bank as defined in section 3(a)(6) of the Act
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(d) |_| Investment company registered under section 8 of the
Investment Company Act of 1940
(e) |_| An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E)
(f) |_| An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F)
(g) |_| A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G)
(h) |_| A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c),
check this box |X|
ITEM 4 OWNERSHIP
(a) Amount beneficially owned:
4,100,000 (see Note A)
(b) Percent of class:
9.7% (see Note A)
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
4,100,000 (see Note A)
(ii) Shared power to vote or to direct the vote: N/A
(iii) Sole power to dispose or to direct the disposition of:
4,100,000 (see Note A)
(iv) Shared power to dispose or to direct the disposition of: N/A
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
|_|
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
N/A
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
N/A
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9 NOTICE OF DISSOLUTION OF GROUP
N/A
ITEM 10 CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired are not
being 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.
SIGNATURE
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.
September 6, 2001
----------------------------------------
(Date)
King William LLC
----------------------------------------
(Signature)
By: Navigator Management Ltd.
By: David Sims
------------------------------------
Its: Director
-----------------------------------
NOTE A
The Reporting Person received 4,100,000 shares of Common Stock of the company
upon the conversion of a Debenture first issued on July 31, 2000. In addition,
the reporting person holds warrants to acquire 500,000 shares of common stock.
The warrants provide that the reporting person cannot exercise such rights to
purchase shares of common stock of the Issuer if such exercise would increase
the reporting person's ownership in common stock of the Issuer to more than
9.99% of the outstanding shares.
The Reporting Person disclaims any beneficial interest in or voting rights in
the shares of Common Stock of the Issuer held by or issuable upon the exercise
of any conversion or other rights held by any other holder of shares or such
rights of the Issuer.