-----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, SxYvZouwTWP0/RBxWqqmZmZ/4C2gdb8manGKHlzK0QMybcIp1h4o1xlMUWVbaEOf QtJzb9ki17nVU/L97gL8DA== 0001116502-03-000118.txt : 20030207 0001116502-03-000118.hdr.sgml : 20030207 20030207172311 ACCESSION NUMBER: 0001116502-03-000118 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030207 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45134 FILM NUMBER: 03545453 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 FILING VALUES: FORM TYPE: SC 13G/A 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/A 1 uswireless-sc13ga.txt AMENDED SC 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Amendment No. 1 (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) DECEMBER 31, 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 9 Pages - -------------------------------------------------------------------------------- CUSIP NO. 912 899 101 13G Page 2 of 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 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 43,200 ------------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 171,300 ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 43,200 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 171,300 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 214,500 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENTAGE CLASS REPRESENTED BY AMOUNT IN ROW 9 1.42% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 912 899 101 13G Page 3 of 9 - -------------------------------------------------------------------------------- 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 171,300 ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 171,300 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 171,300 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENTAGE CLASS REPRESENTED BY AMOUNT IN ROW 9 1.13% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 912 899 101 13G Page 4 of 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Corsair Capital Advisors, L.L.C. - -------------------------------------------------------------------------------- 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 171,300 ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 171,300 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 171,300 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENTAGE CLASS REPRESENTED BY AMOUNT IN ROW 9 1.13% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------------------------------------------------------------- CUSIP NO. 912 899 101 13G Page 5 of 9 - -------------------------------------------------------------------------------- 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 Advisors L.L.C, a Delware limited liability company ("Corsair Advisors"), and Corsair Capital Partners, L.P., a Delaware limited partnership ("Corsair Partners") and the successor by merger to Corsair Capital Partners II, L.P., a Delaware limited partnership. Each of Mr. Petschek, Corsair Partners and Corsair Advisors has its principal office at 570 Lexington Avenue, 12th Floor, New York, New York 10022. Corsair Managing Partners, a New York general partnership, was the sole general partner of Corsair Capital Partners II, L.P., and Corsair Management Company, Inc., a New York corporation, was the general partner of Corsair Managing Partners. As a result of the merger, Corsair Managing Partners and Corsair Management Company, Inc. no longer beneficially own Common Stock (as defined below). This statement relates to shares of Common Stock (as defined below) held for the account of Corsair Partners. Mr. Petschek is filing in his capacity as the managing member of Corsair Advisors, which in turn is now the sole general partner of Corsair Partners. ITEM 2(C). CITIZENSHIP. Mr. Petschek is a United States citizen, Corsair Partners is a Delaware limited partnership and Corsair Advisors is a Delaware limited liability company. 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. - -------------------------------------------------------------------------------- CUSIP NO. 912 899 101 13G Page 6 of 9 - -------------------------------------------------------------------------------- ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: (1) As of December 31, 2002, Mr. Petschek beneficially owned 43,200 shares of Common Stock on his own behalf, for which Mr. Petschek may be deemed to have sole voting and sole dispositive power, and 171,300 shares of Common Stock by virtue of his position as the managing member of Corsair Advisors, which is the sole general partner of Corsair Partners, which held 171,300 shares of Common Stock, for which Mr. Petschek may be deemed to have shared voting power and shared dispositive power with Corsair Partners and Corsair Advisors. (2) As of December 31, 2002, Corsair Partners beneficially owned 171,300 shares of Common Stock, for which Corsair Partners may be deemed to have shared voting power and shared dispositive power with Mr. Petschek and Corsair Advisors. (3) As of December 31, 2002, Corsair Advisors beneficially owned 171,300 shares of Common Stock, by virtue of its position as the sole general partner of Corsair Partners, which held 171,300 shares of Common Stock, for which Corsair Advisors may be deemed to have shared voting power and shared dispositive power with Mr. Petschek and Corsair Partners. (b) Percent of Class: As of December 31, 2002, Mr. Petschek's beneficial ownership of 214,500 shares of Common Stock constituted 1.42% of all of the outstanding shares of Common Stock. As of December 31, 2002, Corsair Partners' beneficial ownership of 171,300 shares of Common Stock constituted 1.13% of all the outstanding shares of Common Stock. As of December 31, 2002, Corsair Advisors' beneficial ownership of 171,300 shares of Common Stock constituted 1.13% of all the outstanding shares of Common Stock. As of December 31, 2002, Corsair Capital Partners II, L.P., Corsair Management Company, Inc. and Corsair Managing Partners no longer owned any shares of Common Stock. The percentages used herein are calculated based on the 15,095,537 shares of Common Stock reflected as being issued and outstanding as of November 11, 2002 in the Issuer's Quarterly Report on Form 10-QSB, for the quarterly period ended September 30, 2002. (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: [X] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Inapplicable. - -------------------------------------------------------------------------------- CUSIP NO. 912 899 101 13G Page 7 of 9 - -------------------------------------------------------------------------------- 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. - -------------------------------------------------------------------------------- CUSIP NO. 912 899 101 13G Page 8 of 9 - -------------------------------------------------------------------------------- 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: February 7, 2003 /s/ Jay R. Petschek --------------------- Jay R. Petschek Dated: February 7, 2003 Corsair Capital Partners, L.P. By: Corsair Capital Advisors, L.L.C., General Partners By: /s/ Jay R. Petschek ----------------------- Jay R. Petschek Managing Member Dated: February 7, 2003 Corsair Capital Advisors, L.L.C. By: /s/ Jay R. Petschek ----------------------- Jay R. Petschek Managing Member EXHIBIT A AGREEMENT JOINT FILING OF SCHEDULE 13G The undersigned hereby agree to jointly prepare and file with regulatory authorities this Amendment No. 1 to 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 Amendment No. 1 is being filed on behalf of each of the undersigned. Dated: February 7, 2003 /s/ Jay R. Petschek --------------------- Jay R. Petschek Dated: February 7, 2003 Corsair Capital Partners, L.P. By: Corsair Capital Advisors, L.L.C., General Partners By: /s/ Jay R. Petschek ----------------------- Jay R. Petschek Managing Member Dated: February 7, 2003 Corsair Capital Advisors, L.L.C. By: /s/ Jay R. Petschek ----------------------- Jay R. Petschek Managing Member -----END PRIVACY-ENHANCED MESSAGE-----