-----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, WPPk97+Zy8aS9p8f2hB9RzOgFc1CPhJUl6C35tB3MOHGYvgsPirwcTB7D5qvMgHd 8j1DpJ6Wl8fa9TEgn5gYkw== 0000891092-99-000821.txt : 19991222 0000891092-99-000821.hdr.sgml : 19991222 ACCESSION NUMBER: 0000891092-99-000821 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991221 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BITSTREAM INC CENTRAL INDEX KEY: 0000818813 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 042744890 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-47395 FILM NUMBER: 99778114 BUSINESS ADDRESS: STREET 1: 215 FIRST ST CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6174976222 MAIL ADDRESS: STREET 1: 215 FIRST ST CITY: CAMBRIDGE STATE: MA ZIP: 02142 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PRIVEST I N V CENTRAL INDEX KEY: 0001027133 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O CARIBBENA MANAGEMENT CO 14 STREET 2: JOHN B GORSIRAWEG CURACAO ANTILLES CITY: NETHERLANDS MAIL ADDRESS: STREET 1: C/O CARIBBEAN MANAGEMENT CO 14 STREET 2: JOHN B GORSIRAWEG CRACAO ANTILLES CITY: NETHERLANDS STATE: P8 SC 13D/A 1 AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* BITSTREAM INC. - -------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 091736 10 8 ----------- (CUSIP Number) Paul A. Gajer, Esq. Rubin Baum Levin Constant & Friedman 30 Rockefeller Plaza, 29th Floor New York, New York 10112 (212) 698-7700 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 13, 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 which is the subject of this Schedule 13D, and is filing this schedule because of " 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. 9 NOTE: Schedules filed in paper format shall include a signed original and five copies of this schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. 1 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). (Continued on following page(s)) Page 1 of 7 CUSIP No. 091736 10 8 13D Page 2 of 7 Pages ================================================================================ 1 NAME OF REPORTING PERSONS Gesfid S.A. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* None - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) G - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 913,161 shares 12.0% Number of ----------------------------------------------------------- Shares 8 SHARED VOTING POWER Beneficially ----------------------------------------------------------- Owned By 9 SOLE DISPOSITIVE POWER Each 913,161 shares 12.0% Reporting ----------------------------------------------------------- Person 10 SHARED DISPOSITIVE POWER With - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 913,161 shares - -------------------------------------------------------------------------------- 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! CUSIP No. 091736 10 8 13D Page 3 of 7 Pages ================================================================================ 1 NAME OF REPORTING PERSONS Antonio Saladino I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* None - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) G - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 913,161 shares 12.0% Number of ----------------------------------------------------------- Shares 8 SHARED VOTING POWER Beneficially ----------------------------------------------------------- Owned By 9 SOLE DISPOSITIVE POWER Each 913,161 shares 12.0% Reporting ----------------------------------------------------------- Person 10 SHARED DISPOSITIVE POWER With - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 913,161 shares - -------------------------------------------------------------------------------- 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* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1. SECURITY AND ISSUER This statement, dated December 15, 1999, constitutes Amendment No. 1 to the Schedule 13D dated December 10, 1999 (the "Schedule"), regarding the Reporting Persons' ownership of the Common Stock of Bitstream Inc., a Delaware corporation ("Bitstream"). Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Schedule. This Amendment No. 1 to the Schedule is filed in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended, by the Reporting Person. It shall refer only to information which has materially changed since the filing of the Schedule. ITEM 4. PURPOSE OF TRANSACTION On December 13, 1999, December 14, 1999 and December 15, 1999, the Reporting Persons sold shares of Common Stock in a series of open market transactions. The Reporting Persons may sell additional shares of Common Stock from time to time in open market or in privately negotiated transactions. In addition, the Reporting Persons may take other actions with respect to the shares of Common Stock. All of the transactions with respect to the shares of Common Stock may be effected from time to time based upon the capital requirements of any of the Reporting Persons and the market price of the shares. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The following list sets forth the aggregate number and percentage (based on 7,397,049 shares of Common Stock shares of Common Stock outstanding plus such number of warrants included in the Reporting Persons' beneficial ownership) of outstanding shares of Common Stock owned beneficially by the Reporting Persons, as of December 1, 1999: Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned Beneficially Owned - ---- ------------------ ------------------ Gesfid S.A. 913,161 shares 12.0% Antonio Saladino 913,161 shares 12.0% (b) The Reporting Persons have sole power to vote and dispose of 913,161 shares of Common Stock (which amount includes warrants to purchase an aggregate of 228,886 shares of Common Stock), representing approximately 12.0% of the outstanding Common Stock. (c) The following is a description of all transactions in shares of Common Stock by the reporting person effected from December 10, 1999 through December 15, 1999, inclusive. Page 4 of 7
Number of Shares Name of Shareholder Date of Disposition Beneficially Disposed of Price per Share - ------------------- ------------------- ------------------------ --------------- Gesfid S.A. December 13, 1999 50,000 $7.2182 Gesfid S.A. December 13, 1999 15,600 $7.125 Gesfid S.A. December 14, 1999 50,000 $5.6394 Gesfid S.A. December 14, 1999 14,000 $5.9844 Gesfid S.A. December 15, 1999 50,000 $7.6123 Gesfid S.A. December 15, 1999 50,000 $7.311 Gesfid S.A. December 15, 1999 50,000 $7.8532 Gesfid S.A. December 15, 1999 50,000 $6.1247 Gesfid S.A. December 15, 1999 50,000 $7.1731 Gesfid S.A. December 15, 1999 40,900 $7.509
(d) Not Applicable. (e) Not Applicable. Page 5 of 7 SIGNATURES After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 15, 1999 GESFID, S.A. By: /s/ Giovanni Saladino ----------------------------- Name: Giovanni Saladino Title: Director of the Executive Board By: /s/ Antonio Berti ----------------------------- Name: Antonio Berti Title: Member of the Executive Board Page 6 of 7 SIGNATURES After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 15, 1999 /s/ Antonio Saladino ---------------------------- ANTONIO SALADINO -----END PRIVACY-ENHANCED MESSAGE-----