-----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, FHvw0YbaFHb/FWtnTrjYN/i5oMQmPYKRB1HHdZoAzqMWBvPemOExrHx5W30xyYZi M+Z3Mi7U0aGVSCIAcKEiGw== 0000950172-98-001097.txt : 19981022 0000950172-98-001097.hdr.sgml : 19981022 ACCESSION NUMBER: 0000950172-98-001097 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981021 SROS: NONE GROUP MEMBERS: GEORGICA ADVISORS LLC GROUP MEMBERS: REISS CAPITAL MANAGEMENT LLC GROUP MEMBERS: RICHARD REISS, JR. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BIG CITY RADIO INC CENTRAL INDEX KEY: 0001046284 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 133790661 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-52585 FILM NUMBER: 98728646 BUSINESS ADDRESS: STREET 1: 11 SKYLINE DR CITY: HAWTHORNE STATE: NY ZIP: 01532 BUSINESS PHONE: 9145921071 MAIL ADDRESS: STREET 1: 11 SKYLINE DR CITY: HAWTHORNE STATE: NY ZIP: 10532 FORMER COMPANY: FORMER CONFORMED NAME: ODYSSEY COMMUNICATIONS INC DATE OF NAME CHANGE: 19970917 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GEORGICA ADVISORS LLC CENTRAL INDEX KEY: 0001055976 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133915210 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1114 AVE OF THE AMERICA 38TH FL CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2125369720 MAIL ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS STREET 2: 38TH FL CITY: NEW YORK STATE: NY ZIP: 10036 SC 13G 1 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 13d-2(b)* Big City Radio, Inc. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 089098107 (CUSIP Number) Richard Reiss, Jr. Georgica Advisors LLC 1114 Avenue of the Americas New York, NY 10036 212-277-5600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 19, 1997 (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) _________________________ * 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 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. 089098107 13G ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON Georgica Advisors LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) I.R.S. # 13-3915210 ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) ( ) - ----------------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF SHARES -------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 495,000 EACH -------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH -------------------------------------- (8) SHARED DISPOSITIVE POWER 495,000 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 495,000 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ( ) - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.5% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* OO CUSIP No. 089098107 13G - ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON Richard Reiss, Jr. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) - ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) ( ) - ----------------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION U.S. citizen - ----------------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF SHARES -------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 495,000 EACH -------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH ------------------------------------- (8) SHARED DISPOSITIVE POWER 495,000 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 495,000 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ( ) - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.5% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IN CUSIP No. 089098107 13G - ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON Reiss Capital Management LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) I.R.S. # 13-3915207 - ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) ( ) - ----------------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF SHARES -------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 351,282 EACH -------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH -------------------------------------- (8) SHARED DISPOSITIVE POWER 351,282 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 351,282 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ( ) - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.04% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* OO ITEM 1(a). NAME OF ISSUER: Big City Radio, Inc. (the "Issuer"). ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 260 West Montauk Highway, Hampton Bays, NY 11946. ITEM 2. NAMES OF PERSONS FILING: 1. Georgica Advisors LLC, a Delaware limited liability company ("Georgica"). 2. Richard Reiss, Jr. 3. Reiss Capital Management LLC, a Delaware limited liability company ("RCM"). ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: 1114 Avenue of the Americas, New York, NY 10036 (in each case). ITEM 2(c). CITIZENSHIP: Georgica and RCM: Delaware Richard Reiss, Jr.: U.S. citizen ITEM 2(d). TITLE OF CLASS OF SECURITIES: Class A Common Stock ITEM 2(e). CUSIP NUMBER: 089098107 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ( ) Broker or dealer registered under Section 15 of the Exchange Act; (b) ( ) Bank as defined in Section 3(a)(6) of the Exchange Act; (c) ( ) Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) ( ) Investment company registered under Section 8 of the Investment Company Act; (e) ( ) An investment adviser in accordance with Rule 13d- 1(b)(1)(ii)(E); (f) ( ) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ( ) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ( ) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) ( ) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. (X) ITEM 4. OWNERSHIP. See Sections 5-9 and 11 of each cover page. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Georgica acts as manager of investment accounts for several individual investors. Such investors have the power to direct the receipt of dividends from and the proceeds from the sale of the Issuer's common stock held by Georgica for their accounts. In addition, RCM is the general partner of an investment partnership, Georgica Associates, L.P. Limited partners in Georgica Associates, L.P. have the power to direct the receipt of dividends from and the proceeds from the sale of the Issuer's common stock held by Georgica Associates, L.P., which is more than five percent of the Class A Common Stock of the Issuer. 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(b). CERTIFICATIONS. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the 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. This report shall not be construed as an admission by the persons filing the report that they are the beneficial owner of any securities covered by this report. 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. Dated: October 21, 1998 GEORGICA ADVISORS LLC By: /s/ Richard Reiss, Jr. __________________________ Name: Richard Reiss, Jr. Title: Managing Member REISS CAPITAL MANAGEMENT LLC By: /s/ Richard Reiss, Jr. __________________________ Name: Richard Reiss, Jr. Title: Managing Member /s/ Richard Reiss, Jr. _________________________________ Name: Richard Reiss, Jr. EXHIBIT A Pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Georgica Advisors LLC, a Delaware limited liability company, Reiss Capital Management LLC, a Delaware limited liability company, and Richard Reiss, Jr., hereby agree that the Schedule 13G filed by each of them together with respect to the class A common stock of Big City Radio, Inc. on October 21, 1998 pursuant to Rule 13d-1(c) of the Exchange Act is filed on behalf of each of them. Dated: October 21, 1998 GEORGICA ADVISORS LLC By: /s/ Richard Reiss, Jr. ___________________________ Name: Richard Reiss, Jr. Title: Managing Member REISS CAPITAL MANAGEMENT LLC By: /s/ Richard Reiss, Jr. ___________________________ Name: Richard Reiss, Jr. Title: Managing Member /s/ Richard Reiss, Jr. _________________________________ Name: Richard Reiss, Jr. -----END PRIVACY-ENHANCED MESSAGE-----