-----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, VLsDcGdk99Y2g9DQT5DHp9idBWM06z6SfmvAxlVlp6hmBvQKgg4qQpT66dIKeLHH tGfnrCF4fgvtTq0q31ntDg== 0000904454-97-000028.txt : 19970222 0000904454-97-000028.hdr.sgml : 19970222 ACCESSION NUMBER: 0000904454-97-000028 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970212 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WAVE SYSTEMS CORP CENTRAL INDEX KEY: 0000919013 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 133477246 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-44807 FILM NUMBER: 97526984 BUSINESS ADDRESS: STREET 1: 540 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127553282 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BALESTRA CAPITAL LTD/ CENTRAL INDEX KEY: 0001007446 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1185 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 MAIL ADDRESS: STREET 1: 45 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10111 SC 13G 1 CUSIP No. 943526103 Page 1 of 5 Pages SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ SCHEDULE 13G Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Final Amendment) Wave Systems Corp. _________________________________________________________________ (Name of Issuer) Class A Common Stock, $.01 par value _________________________________________________________________ (Title of Class of Securities) 943526103 _______________________________________________________________ (CUSIP Number) ________________________________ CUSIP No. 943526103 Page 2 of 5 Pages __________________________________________________________ 1) Name of Reporting Person Balestra Capital, Ltd. S.S. or I.R.S. Identification No. of Above Person _________________________________________________________________ 2) Check the Appropriate Box (a) [ ] if a Member of a Group (b) [ ] _________________________________________________________________ 3) SEC Use Only _________________________________________________________________ 4) Citizenship or Place New York of Organization _________________________________________________________________ Number of 5) Sole Voting -0- Shares Beneficially Power Owned by Each Reporting Person With: ________________________________________ 6) Shared Voting Power -0- ________________________________________ 7) Sole Disposi- 170,600 shares of tive Power Class A Common Stock, $.01 par value ________________________________________ 8) Shared Dis- positive Power -0- ________________________________________ 9) Aggregate Amount Beneficially 170,600 shares of Owned by Each Reporting Person Class A Common Stock, $.01 par value _________________________________________________________________ 10) Check if the Aggregate Amount in Row (11) Excludes Certain Shares __________________________________________________________________ 11) Percent of Class Represented by 1.9% Amount in Row (11) __________________________________________________________________ 12) Type of Reporting Person IA CUSIP No. 943526103 Page 3 of 5 Pages Final Amendment to Schedule 13G _______________________________ Reference is hereby made to the statement on Schedule 13G originally filed with the Securities and Exchange Commission on February 6, 1995 and Amendment No. 1 thereto filed on February 7, 1996. Item 1(a) - Name of Issuer: Wave Systems Corp. Item 1(b) - Address of Issuer's Principal Executive Offices: 540 Madison Avenue, 38th Floor New York, NY 10022 Item 2(a) - Name of Person Filing: Balestra Capital, Ltd. Item 2(b) - Address of Principal Business Office or, if none, Residence: 1185 Avenue of the Americas New York, New York 10036 Item 2(c) - Citizenship or Place of Organization: New York Item 2(d) - Title of Class of Securities: Class A Common Stock, $.01 par value ("Common Stock") Item 2(e) - CUSIP Number: 943526103 Item 3 - Statements Filed Pursuant to Rules 13d-1(b) or 13d-2(b): Balestra Capital, Ltd. is an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. CUSIP No. 943526103 Page 4 of 5 Pages Item 4 - Ownership. (a) Amount Beneficially Owned: 170,600 shares of Common Stock (b) Percent of Class: 1.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: -0- (ii) shared power to vote or to direct the vote: -0- (iii) sole power to dispose or to direct the dispo- sition of: 170,600 shares of Common Stock (iv) shared power to dispose or to direct the disposition of: -0- Item 5 - Ownership of Five Percent or Less of a Class: This statement is being filed to report that as of the date hereof the filing person has ceased to beneficially own more than five percent of the Common Stock. 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 on By the Parent Company: Not Applicable Item 8- Identification and Classification of Members of the Group: Not Applicable CUSIP No. 943526103 Page 5 of 5 Pages Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 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. BALESTRA CAPITAL, LTD. By /s/ James L. Melcher James L. Melcher, President Date: January 28, 1997 -----END PRIVACY-ENHANCED MESSAGE-----