-----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, LhJSWLCQ8SltOeL/WgFfFyBQyoRn1xjiWlbsUamxsCLV3+C3UJjnTwg3+f0V33K9 zDNviADIXACgxE3aUGsUdA== 0001094891-01-500096.txt : 20010510 0001094891-01-500096.hdr.sgml : 20010510 ACCESSION NUMBER: 0001094891-01-500096 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000825 FILED AS OF DATE: 20010509 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIDEO NETWORK COMMUNICATIONS INC CENTRAL INDEX KEY: 0000944310 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 541707962 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: SEC FILE NUMBER: 000-22235 FILM NUMBER: 1626815 BUSINESS ADDRESS: STREET 1: 50 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 BUSINESS PHONE: 6033346700 MAIL ADDRESS: STREET 1: 50 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 FORMER COMPANY: FORMER CONFORMED NAME: OBJECTIVE COMMUNICATIONS INC DATE OF NAME CHANGE: 19970122 COMPANY DATA: COMPANY CONFORMED NAME: FIREBRAND FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000814774 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] OWNER IRS NUMBER: 133414302 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: ONE STATE STREET PLAZA STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2125093800 MAIL ADDRESS: STREET 1: ONE STATE STREET PLAZA STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: RESEARCH PARTNERS INTERNATIONAL INC DATE OF NAME CHANGE: 19980727 FORMER COMPANY: FORMER CONFORMED NAME: GKN HOLDING CORP DATE OF NAME CHANGE: 19940617 3 1 firebrand_vnci-501.txt FORM 3 FOR VNCI/FIREBRAND UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 1. Name and Address of Reporting Person Firebrand Financial Group, Inc. One State Street Plaza, 24th Floor New York, NY 10004 USA 2. Date of Event Requiring Statement (Month/Day/Year) August 25, 2000 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Issuer Name and Ticker or Trading Symbol Video Network Communications, Inc. VNCI 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 6. If Amendment, Date of Original (Month/Day/Year) 7. Individual or Joint/Group Filing (Check Applicable Line) ( ) Form filed by One Reporting Person (X) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect | | Securities | Form: | Beneficial Ownership | | Beneficially | Direct(D) or | | | Owned | Indirect(I) | | ___________________________________________________________________________________________________________________________________| Common Stock |519,166 |I |(1) (2) | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect | Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership | | Expiration | Securities | |exercise |Form of | | | Date(Month/ |-----------------------|---------|price of |Deriv- | | | Day/Year) | |Amount |deri- |ative | | | Date | Expira- | |or |vative |Security: | | | Exer- | tion | Title |Number of|Security |Direct(D) or | | | cisable | Date | |Shares | |Indirect(I) | | ___________________________________________________________________________________________________________________________________| Warrants (right to buy) |2/26/01 |6/15/04 |Common Stock |66,000 |$4.00 |I |(1) (3) | - -----------------------------------------------------------------------------------------------------------------------------------| Option (right to buy) |2/26/01 |8/25/05 |Common Stock |264,000 |(4) |I |(1) (4) | - -----------------------------------------------------------------------------------------------------------------------------------| Option (right to buy) |2/26/01 |8/25/05 |Warrants to purchase Co|264,000 |(4) |I |(1) (4) | | | |mmon Stock | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Warrants (right to buy) |2/26/01 |6/15/04 |Common Stock |648,958 |$4.00 |I |(1) (5) | - -----------------------------------------------------------------------------------------------------------------------------------| Option (right to buy) |6/14/00 |6/14/04 |Common Stock |315,000 |(6) |I |(1) (6) | - -----------------------------------------------------------------------------------------------------------------------------------| Option (right to buy) |6/14/00 |6/14/04 |Warrants to purchase Co|210,000 |(6) |I |(1) (6) | | | |mmon Stock | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________|
Explanation of Responses: Date of Event - August 25, 2000 Issuer's Symbol - VNCI (1) The Reporting Persons are: Firebrand Financial Group, Inc. ("FFGI"), EarlyBirdCapital.com Inc. ("EBC"), Dalewood Associates, Inc. ("Dalewood") and Dalewood Associates LP ("Dalewood LP"). FFGI is the majority shareholder of EBC and is the sole shareholder of GKN Securities Corp. ("GKN"). EBC wholly owns EarlyBirdCapital, Inc. ("Capital") and Dalewood. Dalewood is the general partner of Dalewood LP. For purposes of this Form 3, FFGI is reporting the Issuer's securities (i) deemed beneficially owned by EBC and Dalewood and (ii) owned of record by GKN; EBC is reporting the Issuer's securities owned of record by Capital and Dalewood; Dalewood is reporting the Issuer's securities owned of record by Dalewood LP; and Dalewood LP is reporting its record ownership of the Issuer's securities. Each Reporting Person herein disclaims beneficial ownership of the reported securities except to the extent of each Reporting Person's pecuniary interest therein. (2) Dalewood LP owns of record 519,166 shares of the Issuer's common stock ("Common Stock"). (3) Capital owns of record 66,000 warrants. (4) Capital owns of record an option to purchase up to 264,000 units, each unit consisting of one Share and one warrant. Each unit has an exercise price of $2.22 and the warrants issuable upon the exercise of the option each have an exercise price of $4.00. The option expires on August 25, 2005 but the warrants expire on June 15, 2004. (5) Dalewood LP owns of record 648,958 warrants; each has an exercise price of $4.00. (6) GKN owns of record an option to purchase 105,000 units, each consisting of 3 Shares and a warrant to purchase 2 Shares. The exercise price of a unit is $12.375 and the warrants underlying the unit each have an exercise price of $6.60 per Share. Each of the option and warrants expire on June 14, 2004. JOINT FILER INFORMATION The additional Reporting Persons are: Name: EarlyBirdCapital.com Inc. Address: One State Street Plaza, 24th floor, New York, NY 10004 Date of Event: August 25, 2000 /s/ Robert Rosenberg _________________________________________ Robert Rosenberg, Chief Financial Officer Name: Dalewood Associates, Inc. Address: One State Street Plaza, 24th floor, New York, NY 10004 Date of Event: August 25, 2000 /s/ Steven Levine __________________________________ Steven Levine, Senior Vice President Name: Dalewood Associates LP Address: One State Street Plaza, 24th floor, New York, NY 10004 Date of Event: August 25, 2000 By: Dalewood Associates, Inc., Manager /s/ Steven Levine __________________________________ Steven Levine, Senior Vice President SIGNATURE OF REPORTING PERSON /s/ Robert Rosenberg, Chief Financial Officer DATE May 9, 2001 -----END PRIVACY-ENHANCED MESSAGE-----