-----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, BB3X1rlS4vHcbngXuk4LcZq3K9KmlmtZTnU31q89q0d42LdZnc1CJcZEZOtB5TaP po2SXoHqb67S0fXVDap1Dg== 0000950123-02-000297.txt : 20020413 0000950123-02-000297.hdr.sgml : 20020413 ACCESSION NUMBER: 0000950123-02-000297 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020114 GROUP MEMBERS: CORSAIR CAPITAL PARATNERS II L P GROUP MEMBERS: CORSAIR CAPITAL PARTNERS L P GROUP MEMBERS: CORSAIR MANAGEMENT COMPANY INC GROUP MEMBERS: CORSAIR MANAGING PARTNERS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: U S WIRELESS DATA INC CENTRAL INDEX KEY: 0000895716 STANDARD INDUSTRIAL CLASSIFICATION: CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578] IRS NUMBER: 841178691 STATE OF INCORPORATION: CO FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-51455 FILM NUMBER: 2508124 BUSINESS ADDRESS: STREET 1: 750 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127507766 MAIL ADDRESS: STREET 1: 750 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PETSCHEK JAY R CENTRAL INDEX KEY: 0001018499 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 540 MADISON AVE STREET 2: C/O LADENBERG THALMANN & CO INC CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128721387 MAIL ADDRESS: STREET 1: C/O LADENBURG THALMANN & CO STREET 2: 540 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 y56576sc13g.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) U.S. WIRELESS DATA, INC. ----------------------------------------------------------------- (Name of Issuer) COMMON STOCK ----------------------------------------------------------------- (Title of Class of Securities) 912 899 101 ----------------------------------------------------------------- (CUSIP Number) JANUARY 4, 2002 ----------------------------------------------------------------- (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) - ---------- (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 the disclosures provided in a prior cover page. The information required in 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 (the "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). Page 1 of 11 Pages CUSIP No. 912 899 101 13G Page 2 of 11 ________________________________________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MR. JAY R. PETSCHEK ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 637,500 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 637,500 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 637,500 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ________________________________________________________________________________ 11. PERCENTAGE CLASS REPRESENTED BY AMOUNT IN ROW 9 5.20% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 912 899 101 13G Page 3 of 11 ________________________________________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CORSAIR CAPITAL PARTNERS, L.P. ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 508,500 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 508,500 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 508,500 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ________________________________________________________________________________ 11. PERCENTAGE CLASS REPRESENTED BY AMOUNT IN ROW 9 4.15% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 912 899 101 13G Page 4 of 11 ________________________________________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CORSAIR CAPITAL PARTNERS II, L.P. ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 129,000 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 129,000 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 129,000 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ________________________________________________________________________________ 11. PERCENTAGE CLASS REPRESENTED BY AMOUNT IN ROW 9 1.05% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 912 899 101 13G Page 5 of 11 ________________________________________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CORSAIR MANAGEMENT COMPANY, INC. ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 129,000 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 129,000 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 129,000 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ________________________________________________________________________________ 11. PERCENTAGE CLASS REPRESENTED BY AMOUNT IN ROW 9 1.05% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 912 899 101 13G Page 6 of 11 ________________________________________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CORSAIR MANAGING PARTNERS ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 0 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 129,000 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 129,000 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 129,000 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ________________________________________________________________________________ 11. PERCENTAGE CLASS REPRESENTED BY AMOUNT IN ROW 9 1.05% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 11 ITEM 1(a). NAME OF ISSUER. U.S. Wireless Data, Inc. (the "Issuer") ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES. 750 Lexington Avenue, 20th floor New York, New York 10022 ITEMS 2(a) AND (b). NAME OF PERSON FILING; ADDRESS OF PRINCIPAL BUSINESS OFFICE. This statement is filed on behalf of Mr. Jay R. Petschek ("Mr. Petschek"), Corsair Capital Partners, L.P., a Delaware limited partnership ("Corsair Partners"), Corsair Capital Partners II, L.P., a Delaware limited partnership ("Corsair Partners II"), Corsair Management Company, Inc., a New York corporation ("Corsair Management"), and Corsair Managing Partners, a New York general partnership ("CMP"). Each of Mr. Petschek, Corsair Partners, Corsair Partners II, Corsair Management and CMP has its principal office at 570 Lexington Avenue, 12th Floor, New York, New York 10022. This statement relates to shares of Common Stock (as defined below) held for the accounts of Corsair Partners and Corsair Capital Partners II. Mr. Petschek is filing in his capacity as (a) the sole general partner of Corsair Partners and (b) the sole shareholder of Corsair Management, which is a general partner of CMP, which is in turn the sole general partner of Corsair Partners II. ITEM 2(c). CITIZENSHIP. Mr. Petschek is a United States citizen, Corsair Partners is a Delaware limited partnership, Corsair Partners II is a Delaware limited partnership, Corsair Management is a New York corporation and CMP is a New York general partnership. ITEM 2(d). TITLE OF CLASS OF SECURITIES. Common Stock, par value $0.01 per share (the "Common Stock"). ITEM 2(e). CUSIP NUMBER. 912 899 101 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: Inapplicable. Page 8 of 11 ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: (1) Mr. Petschek beneficially owns 637,500 shares of Common Stock by virtue of his position as (i) the sole general partner of Corsair Partners, which holds 508,500 shares of Common Stock, for which Mr. Petschek may be deemed to have shared voting power and shared dispositive power with Corsair Partners, and (ii) the sole shareholder of Corsair Management, which is a general partner of CMP, which is in turn the sole general partner of Corsair Partners II, with Corsair Partners II holding 129,000 shares of Common Stock, for which Mr. Petschek may be deemed to have shared voting power and shared dispositive power with CMP and Corsair Management. (2) Corsair Partners beneficially owns 508,500 shares of Common Stock, for which Corsair Partners may be deemed to have shared voting power and shared dispositive power with Mr. Petschek. (3) Corsair Partners II beneficially owns 129,000 shares of Common Stock, for which Corsair Partners II may be deemed to have shared voting and shared dispositive power with Mr. Petschek, Corsair Management and CMP. (4) Corsair Management beneficially owns 129,000 shares of Common Stock by virtue of its position as a general partner of CMP, which is in turn the sole general partner of Corsair Partners II, with Corsair Partners II holding 129,000 shares of Common Stock, over which Corsair Management may be deemed to have shared voting power and shared dispositive power with Mr. Petschek and CMP. (5) CMP beneficially owns 129,000 shares of Common Stock by virtue of its position as the sole general partner of Corsair Partners II, with Corsair Partners II holding 129,000 shares of Common Stock, over which CMP may be deemed to have shared voting power and shared dispositive power with Mr. Petschek and Corsair Management. Mr. Petschek, Corsair Management and CMP expressly disclaim beneficial ownership of any shares of Common Stock not directly held for the accounts of Corsair Partners and Corsair Partners II. (b) Percent of Class: Mr. Petschek's beneficial ownership of 637,500 shares of Common Stock constitutes 5.20% of all of the outstanding shares of Common Stock. Corsair Partners' beneficial ownership of 508,500 shares of Common Stock constitutes 4.15% of all the outstanding shares of Common Stock. Corsair Partners II, Corsair Management and CMP's shared beneficial ownership of 129,000 shares of Common Stock constitutes 1.05% of all of the outstanding shares of Common Stock. Together, Mr. Petschek, Corsair Partners, Corsair Partners II, Corsair Management and CMP beneficially own 5.20% of all of the outstanding shares of Common Stock. Page 9 of 11 The percentages used herein are calculated based on the 12,256,544 shares of Common Stock reflected as being issued and outstanding as of October 31, 2001 in the Issuer's Quarterly Report on Form 10-QSB, for the quarter period ended September 30, 2001. (c) Number of shares as to which such person has: See Item 4(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. Inapplicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Inapplicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. See attached Exhibit A. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Inapplicable. ITEM 10. CERTIFICATION. By signing below each of the undersigned certifies that, to the best of the undersigned's knowledge and belief, the securities referred to below were not acquired and were not held for 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. Page 10 of 11 SIGNATURES After reasonable inquiry and to the best of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: January 14, 2002 /s/ Jay R. Petschek ---------------------- Jay R. Petschek Dated: January 14, 2002 Corsair Capital Partners, L.P. By: /s/ Jay R. Petschek --------------------- Jay R. Petschek General Partner Dated: January 14, 2002 Corsair Capital Partners II, L.P. By: Corsair Managing Partners, General Partner By: Corsair Management Company, Inc., a general partner By: /s/ Jay R. Petschek --------------------- Jay R. Petschek President Dated: January 14, 2002 Corsair Management Company, Inc. By: /s/ Jay R. Petschek --------------------- Jay R. Petschek President Dated: January 14, 2002 Corsair Managing Partners By: Corsair Management Company, Inc., a general partner By: /s/ Jay R. Petschek --------------------- Jay R. Petschek President EX-99.A 3 y56576ex99-a.txt JOINT FILING AGREEMENT Page 11 of 11 EXHIBIT A AGREEMENT JOINT FILING OF SCHEDULE 13G The undersigned hereby agree to jointly prepare and file with regulatory authorities a Schedule 13G and any future amendments thereto reporting each of the undersigned's ownership of securities of U.S. Wireless Data, Inc. and hereby affirm that such Schedule 13G is being filed on behalf of each of the undersigned. Dated: January 14, 2002 /s/ Jay R. Petschek --------------------- Jay R. Petschek Dated: January 14, 2002 Corsair Capital Partners, L.P. By: /s/ Jay R. Petschek --------------------- Jay R. Petschek General Partner Dated: January 14, 2002 Corsair Capital Partners II, L.P. By: Corsair Managing Partners, General Partner By: Corsair Management Company, Inc., a general partner By: /s/ Jay R. Petschek --------------------- Jay R. Petschek President Dated: January 14, 2002 Corsair Management Company, Inc. By: /s/ Jay R. Petschek --------------------- Jay R. Petschek President Dated: January 14, 2002 Corsair Managing Partners By: Corsair Management Company, Inc., a general partner By: /s/ Jay R. Petschek --------------------- Jay R. Petschek President -----END PRIVACY-ENHANCED MESSAGE-----