SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

RIESCHEL GARY E

(Last)

(First)

(Middle)

20 INDUSTRIAL DRIVE EAST

(Street)

SOUTH DEERFIELD

01373

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/22/2004

3. Issuer Name and Ticker or Trading Symbol
YDI WIRELESS INC [ YDIW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,596,550⁽¹⁾	I	see note⁽¹⁾
Common Stock	70,114⁽¹⁾	I	see note⁽¹⁾
Common Stock	46,669⁽¹⁾	I	see note⁽¹⁾
Common Stock	1,226,544⁽²⁾	I	see note⁽²⁾
Common Stock	1,315,512⁽²⁾	I	see note⁽²⁾
Common Stock	50,160⁽²⁾	I	see note⁽²⁾
Common Stock	47,784⁽²⁾	I	see note⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. Mr. Rieschel is the Executive Managing Director of SBTV V LLC, the general partner of SOFTBANK Technology Ventures V, L.P., SOFTBANK Technology Ventures Advisors Fund V, L.P., and SOFTBANK Technology Entrepreneurs Fund V, L.P., and as such may be deemed to share voting power with respect to the 2,596,550 shares held of record by SOFTBANK Technology Ventures V, L.P., the 70,114 shares held of record by SOFTBANK Technology Ventures Advisors Fund V, L.P., and the 46,669 shares held of record by SOFTBANK Technology Entrepreneurs Fund V, L.P. Mr. Rieschel disclaims beneficial ownership of the shares held of record by all entities referred to in this footnote except to the extent of his pecuniary interest therein.

2. Mr. Rieschel is an Executive Managing Director of Mobius VI LLC, the general partner of Mobius Technology Ventures VI, L.P., SOFTBANK US Ventures VI, L.P, Mobius Technology Ventures Side Fund VI, L.P., and Mobius Technology Ventures Advisors Fund VI, L.P., and as such may be deemed to share voting power with respect to the 1,226,544 shares held of record by Mobius Technology Ventures VI, L.P., the 1,315,512 shares held of record by SOFTBANK US Ventures VI, L.P., the 50,160 shares held of record by Mobius Technology Ventures Side Fund VI, L.P., and the 47,784 shares held of record by Mobius Technology Ventures Advisors Fund VI, L.P. Mr. Rieschel disclaims beneficial ownership of the shares held of record by all entities referred to in this footnote except to the extent of his pecuniary interest therein.

	/s/ Gary E. Rieschel	07/01/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.