-----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, P92EpYeRlMSrXzYKZ+k/8WUlX3I6yhclowDm959sh66eZzvQypnNtTT49yDtmKvA 3TQ+9f6ojHWgR1xbszEbyw== /in/edgar/work/0000891554-00-500031/0000891554-00-500031.txt : 20000927 0000891554-00-500031.hdr.sgml : 20000927 ACCESSION NUMBER: 0000891554-00-500031 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000922 GROUP MEMBERS: STERLING PAYOT CAPITAL LP GROUP MEMBERS: STERLING PAYOT MANAGEMENT, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHANGE TECHNOLOGY PARTNERS INC CENTRAL INDEX KEY: 0000356591 STANDARD INDUSTRIAL CLASSIFICATION: [3570 ] IRS NUMBER: 061582875 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-58713 FILM NUMBER: 727634 BUSINESS ADDRESS: STREET 1: 20 DAYTON AVE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036616942 MAIL ADDRESS: STREET 1: 20 DAYTON AVE CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: ARINCO COMPUTER SYSTEMS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STERLING PAYOT CAPITAL LP CENTRAL INDEX KEY: 0001124480 STANDARD INDUSTRIAL CLASSIFICATION: [ ] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2222 SUTTER STREET 8TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94108 SC 13G 1 sc-13g_23689.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------ SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) Change Technology Partners, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 159111 10 3 (CUSIP Number) September 12, 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) CUSIP NO. 159111 10 3 13G Page 2 of 9 Pages ________________________________________________________________________________ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Sterling Payot Capital, LP ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [__] (b) [__] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION a Delaware limited partnership ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 4,000,000(1) _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 4,000,000(1) ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,000,000(1) ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.2% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILING OUT! - ---------- (1) Represents 4,000,000 shares of Common Stock issuable upon conversion of 100,000 shares of Series B Preferred Stock. CUSIP NO. 159111 10 3 13G Page 3 of 9 Pages ________________________________________________________________________________ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Sterling Payot 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 a California corporation ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 4,000,000(1) _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 4,000,000(1) ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,000,000(1) ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.2% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILING OUT! - ---------- (1) Represents 4,000,000 shares of Common Stock issuable upon conversion of 100,000 shares of Series B Preferred Stock. CUSIP NO. 159111 10 3 13G Page 4 of 9 Pages Item (a). Name of Issuer: Change Technology Partners, Inc. Item (b). Address of Issuer's Principal Executive Offices: 20 Dayton Avenue Greenwich, Connecticut 06830 Item 2(a). Name of Person Filing: Sterling Payot Capital, LP Sterling Payot Management, Inc. Item 2(b). Address of Principal Business Office or, if None, Residence: Sterling Payot Capital, LP 222 Sutter Street, 8th Floor San Francisco, California 94108 Sterling Payot Management, Inc. 222 Sutter Street, 8th Floor San Francisco, California 94108 Item 2(c). Citizenship: Sterling Payot Capital, LP is a Delaware limited partnership. Sterling Payot Management, Inc. is a California corporation. Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 159111 10 3 CUSIP NO. 159111 10 3 13G Page 5 of 9 Pages 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 Exchange Act. (b) [__] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [__] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [__] Investment company registered under Section 8 of the Investment Company Act. (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. (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: Sterling Payot Capital, LP may be deemed to beneficially own 4,000,000 shares of Common Stock of the Issuer upon conversion of 100,000 shares of Series B Preferred Stock. Sterling Payot Management, Inc. is the general partner of Sterling Payot Capital, LP and as such, may be deemed to own 4,000,000 shares of Common Stock of the Issuer upon conversion of 100,000 shares of Series B Preferred Stock held by Sterling Payot Capital, LP. CUSIP NO. 159111 10 3 13G Page 6 of 9 Pages (b) Percent of Class: After giving effect to the conversion of the 100,000 shares of Series B Preferred Stock held by the Sterling Payot Capital, LP, and beneficially held Sterling Payot Management, Inc. by virtue of being the general partner of Sterling Payot Capital, LP, into 4,000,000 shares of Common Stock of the Issuer, Sterling Payot Capital, LP and Sterling Payot Management, Inc. shall own 8.2% of the Issuer's issued and outstanding shares of Common Stock. (c) Number of shares as to which such person has: (i) Sole power to vote to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 4,000,000 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 4,000,000 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 owners 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: Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. CUSIP NO. 159111 10 3 13G Page 7 of 9 Pages Item 9. Notice of Dissolution of Group. Not applicable. 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 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." CUSIP NO. 159111 10 3 13G Page 8 of 9 Pages 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. Dated: September 22, 2000 Sterling Payot Capital, LP By: /s/ Robert Smelick ---------------------------------------- Name: Robert Smelick Title: Managing Director of Sterling Payot Management, Inc., the General Partner of Sterling Payot Capital, LP Sterling Payot Management, Inc. By: /s/ Robert Smelick ---------------------------------------- Name: Robert Smelick Title: Managing Director CUSIP NO. 159111 10 3 13G Page 9 of 9 Pages Exhibit I Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required on Schedule 13G need be filed with respect to the ownership by each of the undersigned of shares of Common Stock of Change Technology Partners, Inc. Dated: September 22, 2000 Sterling Payot Capital, LP By: /s/ Robert Smelick ---------------------------------------- Name: Robert Smelick Title: Managing Director of Sterling Payot Management, Inc., the General Partner of Sterling Payot Capital, LP Sterling Payot Management, Inc. By: /s/ Robert Smelick ---------------------------------------- Name: Robert Smelick Title: Managing Director -----END PRIVACY-ENHANCED MESSAGE-----