-----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, R/0nGizKgWiqwYSJBruqIE9XYGMkE0BsLYZQzo9v7t/k0L7gwQmxDHNghDUQjQL9 xCdRL1SBfRF2CMm3LygXcQ== 0000950147-98-000118.txt : 19980218 0000950147-98-000118.hdr.sgml : 19980218 ACCESSION NUMBER: 0000950147-98-000118 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GATEWAY DATA SCIENCES CORP CENTRAL INDEX KEY: 0001002917 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 860527788 STATE OF INCORPORATION: AR FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-47935 FILM NUMBER: 98540725 BUSINESS ADDRESS: STREET 1: 3410 E UNIVERSITY DR STREET 2: STE 100 CITY: PHOENIX STATE: AZ ZIP: 85034 BUSINESS PHONE: 6029687000 MAIL ADDRESS: STREET 1: 3410 E UNIVRSITY DRIVE STREET 2: SUITE 10 CITY: PHOENIX STATE: AZ ZIP: 85034 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS LARRY J CENTRAL INDEX KEY: 0000946272 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 10600 N DE ANZO BLVD CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: 4082578100 MAIL ADDRESS: STREET 1: 10600 N DE ANZA BLVD STREET 2: SUITE 215 CITY: CUPERTINO STATE: CA ZIP: 95014 SC 13G/A 1 AMENDMENT TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Gateway Data Sciences Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 367596 10 3 ---------------------------------- (CUSIP Number) *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). - --------------------- ----------------- CUSIP No. 367596 10 3 13G Page 2 of 6 Pages - --------------------- ----------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Larry J. Wells - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 10,270 SHARES ------------------------------------------------------ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 756,553 EACH ------------------------------------------------------ REPORTING 7. SOLE DISPOSITIVE POWER PERSON 10,270 WITH ------------------------------------------------------ 8. SHARED DISPOSITIVE POWER 756,553 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 766,823 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 24.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- - --------------------- ----------------- CUSIP No. 367596 10 3 Page 3 of 6 Pages - --------------------- ----------------- Item 1. (a) Name of Issuer - Gateway Data Sciences Corporation (b) Address of Issuer's Principal Executive Offices 3410 E. University Drive, Suite 100 Phoenix, Arizona 85034 Item 2. (a) Name of Person Filing - Larry J. Wells (b) Address of Principal Business Office or, if none, Residence 100 Clocktower Place #130 Carmel, California 93923 (c) Citizenship or Place of Organization - United States of America (d) Title of Class of Securities - Common Stock (e) CUSIP Number - 367596 10 3 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: NOT APPLICABLE (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act (e) [ ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G) (h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H) - --------------------- ----------------- CUSIP No. 367596 10 3 Page 4 of 6 Pages - --------------------- ----------------- Item 4. Ownership If the percent of the class owned, as of December 31 of the year covered by the statement, or as of the last day of any month described in Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the following information as of that date and identify those shares which there is a right to acquire. (a) Amount Beneficially Owned - 766,823 (b) Percent of Class - 24.0% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote - 10,270 (ii) shared power to vote or to direct the vote - 756,553 (iii) sole power to dispose or to direct the disposition of - 10,270 (iv) shared power to dispose or to direct the disposition of - 756,553 The amount of shares of Common Stock set forth in Items 4(c)(i) and 4(c)(iii) above includes (i) 4,138 shares issuable upon the exercise of warrants, and (ii) 4,600 shares issuable upon the exercise of stock options. The amount of shares of Common Stock set forth in Items 4(c)(ii) and 4(c)(iv) above includes 287,654 shares held by Sundance Venture Partners, L.P. ("SVP") and 223,427 shares issuable upon the exercise of warrants held by SVP. The reporting person is Chairman of Anderson Wells Company ("A&W"), which manages SVP and which is a 1% General Partner of SVP. The reporting person also is an officer and director of A&W's wholly owned subsidiary, Sundance Capital Corporation ("SCC"), which is a 99% Limited Partner of SVP. The amount of shares of Common Stock set forth in Items 4(c)(ii) and 4(c)(iv) above also includes 245,472 shares held by SCC. The reporting person is an officer and director of SCC and is Chairman of A&W, which owns 100% of the outstanding share capital of SCC. The reporting person disclaims beneficial ownership of all shares held by SVP and SCC, except to the extent that his individual interest in such shares arises from his interest in each such entity. 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 [ ]. - --------------------- ----------------- CUSIP No. 367596 10 3 Page 5 of 6 Pages - --------------------- ----------------- Item 6. Ownership of More than Five Percent on Behalf of Another Person Certain shares beneficially owned by the reporting person are held in the name of SVP and SCC. As a result, such entities have the right to receive dividends from their respective shares or proceeds from the sales of their respective shares. SVP and SCC each beneficially own more than 5% of the Common Stock of the Issuer. In addition, A&W (i) manages SVP and is a 1% General Partner of SVP, and (ii) beneficially owns 100% of the outstanding share capital of SCC. As a result, A&W beneficially owns more than 5% of the Common Stock of the Issuer. See response to Item 4. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company NOT APPLICABLE Item 8. Identification and Classification of Members of the Group NOT APPLICABLE Item 9. Notice of Dissolution of Group NOT APPLICABLE Item 10. Certification NOT APPLICABLE - --------------------- ----------------- CUSIP No. 367596 10 3 Page 6 of 6 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. February 16, 1998 ---------------------------------- Date /s/ Larry J. Wells ---------------------------------- Signature Larry J. Wells --------------------------------------- Name/Title -----END PRIVACY-ENHANCED MESSAGE-----