sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 5)(1)
FALCONSTOR SOFTWARE, INC.
------------------------------------------------------------------------------
(Name of issuer)
COMMON STOCK, $.001 PAR VALUE PER SHARE
------------------------------------------------------------------------------
(Title of class of securities)
306137 10 0
------------------------------------------------------------------------------
(CUSIP number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
April 25, 2007
------------------------------------------------------------------------------
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box / /.
NOTE. The Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. SEE Rule 13d-7(b) for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 32 Pages)
--------------------
(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 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. 306137 10 0 13D Page 2 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 237,602 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 20,127 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
237,602 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
20,127 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
257,729 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 3 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Foreign Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 20,127 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 237,602 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
20,127 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
237,602 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
257,729 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 4 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners II, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 88,401 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
88,401 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
88,401 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 5 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners III, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 672,481 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 290,993 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
672,481 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
290,993 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
963,474 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 6 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Foreign Partners III, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 143,826 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 819,648 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
143,826 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
819,648 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
963,474 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 7 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Associates III, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 147,167 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 816,307 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
147,167 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
816,307 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
963,474 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 8 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Irwin Lieber
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,895,634 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,309,604 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,895,634 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,317,504 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,213,138 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 9 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Fingerhut
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 489,680 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,309,604 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
489,680 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,309,604 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,799,284 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 10 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Nancy Casey
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 963,474 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
963,474 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
963,474 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 11 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Applegreen Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 259,868 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
259,868 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
259,868 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 12 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seth Lieber
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 82,522 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,593,172 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
82,522 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,593,172 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,675,694 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 13 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jonathan Lieber
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 15,400 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,593,172 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
15,400 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,593,172 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,608,572 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 14 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 315,358 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
315,358 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
315,358 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 15 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 364,958 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
364,958 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
364,958 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 16 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 698,242 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
698,242 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
698,242 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 17 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brookwood Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 395,217 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
395,217 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
395,217 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 18 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Rubenstein
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,301,103 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,083,379 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,301,103 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,083,379 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
4,384,482 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 19 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Marilyn Rubenstein
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,258 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 1,773,775 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,258 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,773,775 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,775,033 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 20 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Dana Lieber Moriarty
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 7,900 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
7,900 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,900 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 21 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Pam Fingerhut
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,000 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,000 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,000 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 22 of 32 Pages
---------------------- ----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brooke Fingerhut
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 12,500 shares
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0 shares
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
12,500 shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
12,500 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.03%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 23 of 32 Pages
---------------------- ----------------------
The following constitutes Amendment No. 5 to the Schedule 13D filed by
the undersigned (the "Schedule 13D"). Except as specifically amended by this
Amendment No. 5, the Schedule 13D remains in full force and effect.
Capitalized terms used in this Amendment No. 5 but not defined herein shall
have the meaning set forth in the Schedule 13D.
Items 5(a) and (b) are hereby amended to read in their entirety as
follows:
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The following table sets forth the aggregate number and
percentage (based on 49,173,142 shares of Common Stock outstanding as of March
20, 2007, as reported by the Issuer in its April 7, 2007 Proxy Statement on
Schedule 14A) of beneficial ownership for each of the Reporting Persons.
Percentage of
Shares of Common Shares of Common
Stock Stock
Name Beneficially Owned Beneficially Owned
---- ------------------ ------------------
Wheatley Partners, L.P.(1) 257,729 0.5%
Wheatley Foreign Partners, L.P.(2) 257,729 0.5%
Wheatley Partners II, L.P. 88,401 0.2%
Wheatley Partners III, L.P.(3) 963,474 2.0%
Wheatley Foreign Partners III, 963,474 2.0%
L.P.(4)
Wheatley Associates III, L.P.(5) 963,474 2.0%
Wheatley Partners LLC (6) 257,729 0.5%
Wheatley Partners III LLC(7) 963,474 2.0%
Irwin Lieber(8) 3,213,138 6.5%
Barry Fingerhut(9) 1,799,284 3.7%
Nancy Casey(10) 963,474 2.0%
Applegreen Partners 259,868 0.5%
Seth Lieber(11) 1,675,694 3.4%
Jonathan Lieber(12) 1,608,572 3.3%
Seneca Ventures 315,358 0.6%
Woodland Venture Fund 364,958 0.7%
Woodland Partners 698,242 1.4%
Brookwood Partners, L.P. 395,217 0.8%
Woodland Services Corp.(13) 680,316 1.4%
Barry Rubenstein(14) 4,384,482 8.9%
Marilyn Rubenstein(15) 1,775,033 3.6%
Dana Lieber Moriarty 7,900 0.02%
Pam Fingerhut 5,000 0.01%
Brooke Fingerhut 12,500 0.03%
----------------------
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 24 of 32 Pages
---------------------- ----------------------
(1) Consists of (a) 237,602 shares of Common Stock held by Wheatley and (b)
20,127 shares of Common Stock held by Wheatley Foreign. Wheatley disclaims
beneficial ownership of the securities held by Wheatley Foreign.
(2) Consists of (a) 20,127 shares of Common Stock held by Wheatley Foreign and
(b) 237,602 shares of Common Stock held by Wheatley. Wheatley Foreign
disclaims beneficial ownership of the securities held by Wheatley.
(3) Consists of (a) 672,481 shares of Common Stock held by Wheatley III, (b)
143,826 shares of Common Stock held by Wheatley Foreign III and (c)
147,167 shares of Common Stock held by Wheatley Associates. Wheatley III
disclaims beneficial ownership of the securities held by Wheatley Foreign
III and Wheatley Associates.
(4) Consists of (a) 143,826 shares of Common Stock held by Wheatley Foreign
III, (b) 672,481 shares of Common Stock held by Wheatley III and (c)
147,167 shares of Common Stock held by Wheatley Associates. Wheatley
Foreign III disclaims beneficial ownership of the securities held by
Wheatley III and Wheatley Associates.
(5) Consists of (a) 147,167 shares of Common Stock held by Wheatley
Associates, (b) 672,481 shares of Common Stock held by Wheatley III and
(c) 143,826 shares of Common Stock held by Wheatley Foreign III. Wheatley
Associates disclaims beneficial ownership of the securities held by
Wheatley III and Wheatley Foreign III.
(6) Consists of (a) 237,602 shares of Common Stock held by Wheatley and (b)
20,127 shares of Common Stock held by Wheatley Foreign. Wheatley LLC
disclaims beneficial ownership of the securities held by Wheatley and
Wheatley Foreign, except to the extent of its respective equity interests
therein.
(7) Consists of (a) 672,481 shares of Common Stock held by Wheatley III, (b)
143,826 shares of Common Stock held by Wheatley Foreign III and (c)
147,167 shares of Common Stock held by Wheatley Associates. Wheatley III
LLC disclaims beneficial ownership of the securities held by Wheatley III,
Wheatley Foreign III and Wheatley Associates, except to the extent of its
respective equity interests therein.
(8) Consists of (a) 1,895,634 shares of Common Stock held by Irwin Lieber, (b)
7,900 shares of Common Stock held by Mr. Lieber's daughter, (c) 237,602
shares of Common Stock held by Wheatley, (d) 20,127 shares of Common Stock
held by Wheatley Foreign, (e) 88,401 shares of Common Stock held by
Wheatley II, (f) 672,481 shares of Common Stock held by Wheatley III, (g)
143,826 shares of Common Stock held by Wheatley Foreign III, and (h)
147,167 shares of Common Stock held by Wheatley Associates. Mr. Lieber
disclaims beneficial ownership of the securities held by his daughter,
Wheatley, Wheatley Foreign, Wheatley II, Wheatley III, Wheatley Foreign
III and Wheatley Associates, except to the extent of his respective equity
interests therein.
(9) Consists of (a) 469,680 shares of Common Stock held by Barry Fingerhut,
(b) 20,000 shares of Common Stock held by Longboat Key Associates, (c)
237,602 shares of Common Stock held by Wheatley, (d) 20,127 shares of
Common Stock held by Wheatley Foreign, (e) 88,401 shares of Common Stock
held by Wheatley II, (f) 672,481 shares of Common Stock held by Wheatley
III, (g) 143,826 shares of Common Stock held by Wheatley Foreign III, and
(h) 147,167 shares of Common Stock held by Wheatley Associates. Mr.
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 25 of 32 Pages
---------------------- ----------------------
Fingerhut disclaims beneficial ownership of the securities held by
Wheatley, Wheatley Foreign, Wheatley II, Wheatley III, Wheatley Foreign
III and Wheatley Associates, except to the extent of his respective equity
interests therein.
(10) Consists of (a) 672,481 shares of Common Stock held by Wheatley III, (b)
143,826 shares of Common Stock held by Wheatley Foreign III, and (c)
147,167 shares of Common Stock held by Wheatley Associates. Ms. Casey
disclaims beneficial ownership of the securities held by Wheatley III,
Wheatley Foreign III and Wheatley Associates, except to the extent of her
respective equity interests therein.
(11) Consists of (a) 82,522 shares of Common Stock held by Seth Lieber, (b)
23,700 shares of Common Stock held by the Irwin Lieber 1996 Grandfather
Trust (the "Grandfather Trust") for which Seth Lieber is a co-trustee, (c)
237,602 shares of Common Stock held by Wheatley, (d) 20,127 shares of
Common Stock held by Wheatley Foreign, (e) 88,401 shares of Common Stock
held by Wheatley II, (f) 672,481 shares of Common Stock held by Wheatley
III, (g) 143,826 shares of Common Stock held by Wheatley Foreign III, and
(h) 147,167 shares of Common Stock held by Wheatley Associates and (i)
259,868 shares of Common Stock held by Applegreen. Mr. Lieber disclaims
beneficial ownership of the securities held by the Grandfather Trust,
Wheatley, Wheatley Foreign, Wheatley II, Wheatley III, Wheatley Foreign
III, Wheatley Associates and Applegreen, except to the extent of his
respective equity interests therein.
(12) Consists of (a) 15,400 shares of Common Stock held by Jonathan Lieber, (b)
23,700 shares of Common Stock held by the Grandfather Trust, for which
Jonathan Lieber is a co-trustee, (c) 237,602 shares of Common Stock held
by Wheatley, (d) 20,127 shares of Common Stock held by Wheatley Foreign,
(e) 88,401 shares of Common Stock held by Wheatley II, (f) 672,481 shares
of Common Stock held by Wheatley III, (g) 143,826 shares of Common Stock
held by Wheatley Foreign III, (h) 147,167 shares of Common Stock held by
Wheatley Associates and (i) 259,868 shares of Common Stock held by
Applegreen. Mr. Lieber disclaims beneficial ownership of the securities
held by the Grandfather Trust, Wheatley, Wheatley Foreign, Wheatley II,
Wheatley III, Wheatley Foreign III, Wheatley Associates and Applegreen,
except to the extent of his respective equity interests therein.
(13) Consists of (a) 315,358 shares of Common Stock held by Seneca and (b)
364,958 shares of Common Stock held by Woodland Venture. Woodland Services
disclaims beneficial ownership of the securities held by Seneca and
Woodland Venture, except to the extent of its respective equity interests
therein.
(14) Consists of (a) 1,301,103 shares of Common Stock held by Barry Rubenstein,
(b) 237,602 shares of Common Stock held by Wheatley, (c) 20,127 shares of
Common Stock held by Wheatley Foreign, (d) 88,401 shares of Common Stock
held by Wheatley II, (e) 672,481 shares of Common Stock held by Wheatley
III, (f) 143,826 shares of Common Stock held by Wheatley Foreign III, (g)
147,167 shares of Common Stock held by Wheatley Associates, (h) 315,358
shares of Common Stock held by Seneca, (i) 364,958 shares of Common Stock
held by Woodland Venture, (j) 698,242 shares of Common Stock held by
Woodland Partners and (k) 395,217 shares of Common Stock held by
Brookwood. Mr. Rubenstein disclaims beneficial ownership of the securities
held by Wheatley, Wheatley Foreign, Wheatley II, Wheatley III, Wheatley
Foreign III, Wheatley Associates, Seneca, Woodland Venture, Woodland
Partners and Brookwood, except to the extent of his respective equity
interests therein.
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 26 of 32 Pages
---------------------- ----------------------
(15) Consists of (a) 1,258 shares of Common Stock held by Marilyn Rubenstein,
(b) 315,358 shares of Common Stock held by Seneca, (c) 364,958 shares of
Common Stock held by Woodland Venture, (d) 698,242 shares of Common Stock
held by Woodland Partners and (e) 395,217 shares of Common Stock held by
Brookwood. Mrs. Rubenstein disclaims beneficial ownership of the
securities held by Seneca, Woodland Venture, Woodland Partners and
Brookwood, except to the extent of her respective equity interests
therein.
(b) Wheatley has sole power to vote and dispose of 237,602 shares of
Common Stock, representing approximately 0.5% of the outstanding shares of
Common Stock and may be deemed to have shared power to vote and dispose of
20,127 shares of Common Stock, representing less than 0.1% of the outstanding
shares of Common Stock.
Wheatley Foreign has sole power to vote and dispose of 20,127 shares
of Common Stock, representing less than 0.1% of the outstanding shares of Common
Stock and may be deemed to have shared power to vote and dispose of 237,602
shares of Common Stock, representing approximately 0.5% of the outstanding
shares of Common Stock.
By virtue of being the general partner of Wheatley and a general
partner in Wheatley Foreign, Wheatley LLC may be deemed to have shared power to
vote and dispose of 257,729 shares of Common Stock, representing approximately
0.5% of the outstanding shares of Common Stock.
Wheatley II has sole power to vote and dispose of 88,401 shares of
Common Stock, representing approximately 0.2% of the outstanding shares of
Common Stock.
Wheatley III has sole power to vote and dispose of 672,481 shares of
Common Stock, representing approximately 1.4% of the outstanding shares of
Common Stock and may be deemed to have shared power to vote and dispose of
290,993 shares of Common Stock, representing approximately 0.6% of the
outstanding shares of Common Stock.
Wheatley Foreign III has sole power to vote and dispose of 143,826
shares of Common Stock, representing approximately 0.3% of the outstanding
shares of Common Stock and may be deemed to have shared power to vote and
dispose of 819,648 shares of Common Stock, representing approximately 1.7% of
the outstanding shares of Common Stock.
Wheatley Associates has sole power to vote and dispose of 147,167
shares of Common Stock, representing approximately 0.3% of the outstanding
shares of Common Stock and may be deemed to have shared power to vote and
dispose of 816,307 shares of Common Stock, representing approximately 1.7% of
the outstanding shares of Common Stock.
By virtue of being the general partner of Wheatley III, Wheatley
Foreign III and Wheatley Associates, Wheatley III LLC may be deemed to have
shared power to vote and dispose of 963,474 shares of Common Stock, representing
approximately 2.0% of the outstanding shares of Common Stock.
Irwin Lieber has sole power to vote and dispose of 1,895,634 shares
of Common Stock, representing approximately 3.8% of the outstanding shares of
Common Stock. Mr. Lieber is a member and an officer of Wheatley LLC and Wheatley
III LLC and a general partner of Wheatley II and has trading authorization over
the 7,900 shares of Common Stock held by Dana Lieber Moriarty, his daughter. As
a result, Mr. Lieber may be deemed to have shared power to vote 1,309,604 shares
of Common Stock and shared power to dispose of 1,317,504 shares of Common Stock,
representing approximately 2.7% of the outstanding shares of Common Stock.
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 27 of 32 Pages
---------------------- ----------------------
Barry Fingerhut has sole power to vote and dispose of 489,680 shares
of Common Stock, representing approximately 1.0% of the outstanding shares of
Common Stock. By virtue of being a member and an officer of Wheatley LLC and
Wheatley III LLC and a general partner of Wheatley II, Mr. Fingerhut may be
deemed to have shared power to vote and dispose of 1,309,604 shares of Common
Stock, representing approximately 2.7% of the outstanding shares of Common
Stock.
Nancy Casey, by virtue of being a member and an officer of Wheatley
III LLC, may be deemed to have shared power to vote and dispose of 963,474
shares of Common Stock, representing approximately 2.0% of the outstanding
shares of Common Stock.
Applegreen has sole power to vote and dispose of 259,868 shares of
Common Stock, representing approximately 0.5% of the outstanding shares of
Common Stock.
Seth Lieber has sole power to vote and dispose of 82,522 shares of
Common Stock, representing approximately 0.2% of the outstanding shares of
Common Stock. By virtue of being a member and an officer of Wheatley LLC and
Wheatley III LLC, a general partner of Wheatley II and Applegreen, and a
co-trustee of the Grandfather Trust, Seth Lieber may be deemed to have shared
power to vote and dispose of 1,593,172 shares of Common Stock, representing
approximately 3.2% of the outstanding shares of Common Stock.
Jonathan Lieber has sole power to vote and dispose of 15,400 shares
of Common Stock, representing less than 0.1% of the outstanding shares of Common
Stock. By virtue of being a member and an officer of Wheatley LLC and Wheatley
III LLC, a general partner of Wheatley II, the managing general partner of
Applegreen, and a co-trustee of the Grandfather Trust, Jonathan Lieber may be
deemed to have shared power to vote and dispose of 1,593,172 shares of Common
Stock, representing approximately 3.2% of the outstanding shares of Common
Stock.
Seneca has sole power to vote and dispose of 315,358 shares of
Common Stock, representing approximately 0.6% of the outstanding shares of
Common Stock.
Woodland Venture has sole power to vote and dispose of 364,958
shares of Common Stock, representing approximately 0.7% of the outstanding
shares of Common Stock.
Woodland Partners has sole power to vote and dispose of 698,242
shares of Common Stock, representing 1.4% of the outstanding shares of Common
Stock.
Brookwood has sole power to vote and dispose of 395,217 shares of
Common Stock, representing 0.8% of the outstanding shares of Common Stock.
By virtue of being a general partner of Seneca and Woodland Venture,
Woodland Services may be deemed to have shared power to vote and dispose of
680,316 shares of Common Stock, representing approximately 1.4% of the
outstanding shares of Common Stock.
Barry Rubenstein has sole power to vote and dispose of 1,301,103
shares of Common Stock, representing approximately 2.6% of the outstanding
shares of Common Stock. By virtue of being a member and an officer of Wheatley
LLC and Wheatley III LLC and a general partner of Wheatley II, Seneca, Woodland
Venture, Woodland Partners and Brookwood, Mr. Rubenstein may be deemed to have
shared power to vote and dispose of 3,083,379 shares of Common Stock,
representing approximately 6.3% of the outstanding shares of Common Stock. Does
not include securities held by Marilyn Rubenstein, the wife of Mr. Rubenstein.
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 28 of 32 Pages
---------------------- ----------------------
Marilyn Rubenstein has sole power to vote and dispose of 1,258
shares of Common Stock, representing less than one percent of the outstanding
shares of Common Stock. By virtue of being a general partner of Woodland
Partners and Brookwood and an officer of Woodland Services, Mrs. Rubenstein may
be deemed to have shared power to vote and dispose of 1,773,775 shares of Common
Stock, representing approximately 3.6% of the outstanding shares of Common
Stock. Does not include securities held by Barry Rubenstein, the husband of Mrs.
Rubenstein.
Item 5(c) is amended in its entirety to read as follows:
(c) The following table sets forth a description of all transactions
in shares of Common Stock of the Issuer by the Reporting Persons identified in
Item 2 of this Schedule 13D effected during the past sixty days, which consists
of the following sales:
Sale Number of Sales Price
Name of Stockholder Date Shares Sold Per Share($)
---- ----- ------------
Wheatley 4/25/07 62,927 11.36
4/26/07 86,807 11.95
4/27/07 29,850 11.38
4/30/07 7,164 11.31
5/02/07 59,701 11.39
Wheatley Foreign 4/25/07 5,331 11.36
4/26/07 7,355 11.95
4/27/07 2,530 11.38
4/30/07 607 11.31
5/02/07 5,058 11.39
Wheatley II 4/25/07 23,412 11.36
4/26/07 32,296 11.95
4/27/07 11,103 11.38
4/30/07 2,665 11.31
5/02/07 22,212 11.39
Wheatley III 4/25/07 178,102 11.36
4/26/07 245,692 11.95
4/27/07 84,489 11.38
4/30/07 20,278 11.31
5/02/07 168,973 11.39
Wheatley Associates 4/25/07 38,975 11.36
4/26/07 53,765 11.95
4/27/07 18,488 11.38
4/30/07 4,437 11.31
5/02/07 36,977 11.39
Wheatley Foreign III 4/25/07 38,092 11.36
4/26/07 52,548 11.95
4/27/07 18,070 11.38
4/30/07 4,337 11.31
5/02/07 36,139 11.39
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 29 of 32 Pages
---------------------- ----------------------
Seneca 4/25/07 83,519 11.36
4/26/07 83,519 11.90
4/26/07 15,847 12.02
4/26/07 15,847 12.12
4/27/07 15,847 11.36
4/27/07 23,771 11.40
4/30/07 9,508 11.31
5/02/07 79,237 11.39
Woodland Venture 4/25/07 96,657 11.36
4/26/07 96,657 11.90
4/26/07 18,341 12.02
4/26/07 18,341 12.12
4/27/07 18,341 11.36
4/27/07 27,511 11.40
4/30/07 11,004 11.31
5/02/07 91,703 11.39
Nancy Casey and 4/25/07 20,000 11.36
Arthur Marks 4/25/07 20,000 11.37
4/25/07 14,744 11.38
4/25/07 10,000 11.38
4/25/07 15,000 11.40
4/25/07 15,000 11.41
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 30 of 32 Pages
---------------------- ----------------------
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: May 4, 2007 WHEATLEY PARTNERS, L.P.
By: Wheatley Partners LLC,
the General Partner
By: /s/ Irwin Lieber
-----------------------------------
Irwin Lieber, President
WHEATLEY FOREIGN PARTNERS, L.P.
By: Wheatley Partners LLC,
the General Partner
By: /s/ Irwin Lieber
-----------------------------------
Irwin Lieber, President
WHEATLEY PARTNERS II, L.P.
By: WHEATLEY PARTNERS II, L.P.
By: /s/ Irwin Lieber
-----------------------------------
Irwin Lieber, a General Partner
WHEATLEY PARTNERS III, L.P.
By: WHEATLEY PARTNERS III, L.P.
By: /s/ Irwin Lieber
-----------------------------------
Irwin Lieber, President
WHEATLEY FOREIGN PARTNERS III, L.P.
By: Wheatley Partners III LLC,
the General Partner
By: /s/ Irwin Lieber
-----------------------------------
Irwin Lieber, President
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 31 of 32 Pages
---------------------- ----------------------
WHEATLEY ASSOCIATES III, L.P.
By: Wheatley Partners III LLC,
the General Partner
By: /s/ Irwin Lieber
-----------------------------------
Irwin Lieber, President
/s/ Barry Fingerhut
---------------------------------------
Barry Fingerhut
/s/ Nancy Casey
---------------------------------------
Nancy Casey
/s/ Seth Lieber
---------------------------------------
Seth Lieber
APPLEGREEN PARTNERS
By: /s/ Jonathan Lieber
-----------------------------------
Jonathan Lieber,
Managing General Partner
/s/ Jonathan Lieber
---------------------------------------
Jonathan Lieber
SENECA VENTURES
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein
a General Partner
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein
a General Partner
---------------------- ----------------------
CUSIP No. 306137 10 0 13D Page 32 of 32 Pages
---------------------- ----------------------
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein
a General Partner
BROOKWOOD PARTNERS, L.P.
By: /s/ Barry Rubenstein
-----------------------------------
Barry Rubenstein
a General Partner
/s/ Barry Rubenstein
---------------------------------------
Barry Rubenstein
/s/ Marilyn Rubenstein
---------------------------------------
Marilyn Rubenstein
/s/ Dana Lieber Moriarty
---------------------------------------
Dana Lieber Moriarty
/s/ Pam Fingerhut
---------------------------------------
Pam Fingerhut
/s/ Brooke Fingerhut
---------------------------------------
Brooke Fingerhut