SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(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. 1)
Arch Wireless, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title and Class of Securities)
039381108
--------------------------------------------------------------------------------
(CUSIP Number)
James B. Rubin
Resurgence Asset Management, L.L.C.
10 New King Street
White Plains, New York 10604
Telephone: (914) 288-8600
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
November 19, 2001
--------------------------------------------------------------------------------
(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 |X|.
NOTE. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. SEE Rule 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 38 Pages)
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 2 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin
Resurgence Asset Management, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None (1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None (1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Resurgence Asset Management, L.L.C. ("RAM") exercised voting and
dispositive power over the Issuer's securities solely in its capacity
as the general partner and sole investment advisor of M.D. Sass
Corporate Resurgence Partners, L.P. and investment advisor to M.D. Sass
Corporate Resurgence Partners II, L.P. Accordingly, RAM and M.D. Sass
Corporate Resurgence Partners, L.P. may be deemed to have shared voting
and dispositive power with each of M.D. Sass Corporate Resurgence
Partners, L.P. and M.D. Sass Corporate Resurgence Partners II, L.P. Mr.
James B. Rubin serves as Chief Investment Officer and is responsible
for the day-to-day investment activities of RAM.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 3 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin
Resurgence Asset Management International, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None (1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Resurgence Asset Management International, L.L.C. ("RAMI") exercised
voting and dispositive power over the Issuer's securities solely in
RAMI's capacity as sole special shareholder of and sole investment
advisor of M.D. Sass Corporate Resurgence International, Ltd.
Accordingly, RAMI may have been deemed to share voting and dispositive
power with M.D. Sass Corporate Resurgence Partners International, Ltd.
On July 1, 2001, M.D. Sass Re/Enterprise International, Ltd., which had
been managed by RAMI, was consolidated with M.D. Sass Re/Enterprise
Partners, L.P., and their respective assets were contributed to a
single master portfolio called M.D. Sass Re/Enterprise Portfolio
Company, L.P., which is managed by REAM. Mr. James B. Rubin serves as
Chief Investment Officer and is responsible for the day-to-day
investment activities of RAMI.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 4 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin
Re/Enterprise Asset Management, L.L.C. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Re/Enterprise Asset Management L.L.C. ("REAM") exercised voting and
dispositive power over the Issuer's securities (a) as the sole
investment advisor to two employee pension plans and (b) as general
partner and sole investment advisor of M.D. Sass Re/Enterprise
Portfolio Company, L.P. ("Enterprise") and M.D. Sass Re/Enterprise II,
L.P. ("Enterprise II"). Accordingly, REAM may have been deemed to share
voting and dispositive power with each of the pension plans and with
Enterprise and Enterprise II. On July 1, 2001, M.D. Sass Re/Enterprise
International, Ltd., which was managed by RAMI, and M.D. Sass
Re/Enterprise Partners, L.P., which was managed by REAM, were
consolidated and their respective assets were contributed to a single
master portfolio, Enterprise. Mr. James B. Rubin serves as Chief
Investment Officer and is responsible for the day-to-day investment
activities of REAM.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 5 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kingstreet, Ltd. (1)
--------------------------------------------------------------------------------
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
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Kingstreet, Ltd. is the wholly-owned subsidiary of the M.D. Sass
Re/Enterprise International Irrevocable Trust II (the "Trust").
Accordingly, Kingstreet, Ltd. and the Trust may have been deemed to
share voting and dispositive power over the Issuer's securities. Voting
and dispositive power on behalf of the Trust is exercised through its
trustee, CITCO Trustees Company (BVI) Ltd. The sole director of
Kingstreet, Ltd. is CTC Corporation, Ltd.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 6 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Resurgence Parallel Fund, L.L.C. (1)
--------------------------------------------------------------------------------
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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None (1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None (1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Resurgence Parallel Fund, L.L.C.'s managers, Martin D. Sass, Hugh R.
Lamle and Martin E. Winter, exercised voting and dispositive power over
the Issuer's securities.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 7 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
M.D. Sass Associates Inc. Employees Profit Sharing Plan (1)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The trustee of M.D. Sass Associates, Inc. Employees Profit Sharing Plan
is Martin E. Winter.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 8 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITHb 9 SOLE DISPOSITIVE POWER
None
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 9 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Devonshire Capital Partners, L.L.C. (1)
--------------------------------------------------------------------------------
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
N/A
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The manager of Devonshire Capital Partners, L.L.C. ("Devonshire"),
Thomas A. Larkin, is responsible for ordinary management and investment
decisions. However, the voting of certain securities in which
Devonshire owns more than 5% of the voting power must be approved of a
majority of the Class A members. Class A members of Devonshire are
James B. Rubin, Guadalupe G. Rubin and Thomas A. Larkin.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 10 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J.B. Rubin & Company Profit Sharing Plan (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
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
N/A
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The trustee of J.B. Rubin & Company Profit Sharing Plan is James B.
Rubin.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 11 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Guadalupe G. Rubin IRA (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Voting and dispositive power is executed by Guadalupe G. Rubin.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 12 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James B. Rubin, IRA (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Voting and dispositive power is executed by James B. Rubin.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 13 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Resurgence Parallel Fund II, L.L.C. (1)
--------------------------------------------------------------------------------
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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Resurgence Parallel Fund II, L.L.C.'s managers, Martin D. Sass, Hugh R.
Lamle and Martin E. Winter, exercised voting and dispositive power over
the Issuer's securities.
----------------------- ----------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 14 OF 38 PAGES
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Resurgence Asset Management Employee Retirement Plan (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
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
N/A
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
None(1)
------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The trustee of Resurgence Asset Management Employee Retirement Plan is
James B. Rubin.
----------------------- ---------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 15 OF 38 PAGES
------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J. B. Rubin & Company Defined Contribution Plan (1)
------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
------------------ -------------------------------------------------------------
3 SEC USE ONLY
------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS*
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
N/A
------------------------------- -------- ---------------------------------------
7 SOLE VOTING POWER
None(1)
-------- ---------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY
EACH REPORTING -------- ---------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
None(1)
-------- ---------------------------------------
10 SHARED DISPOSITIVE POWER
None
------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |_|
------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
------------------ -------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The trustee of the J. B. Rubin & Company Defined Contribution Plan is
James B. Rubin.
----------------------- ---------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 16 OF 38 PAGES
------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mid Ocean Capital Ltd. (1)
------------------ -------------------------------------------------------------
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
British Virgin Islands
------------------------------- -------- ---------------------------------------
7 SOLE VOTING POWER
None(1)
-------- ---------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY -------- ---------------------------------------
EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH None(1)
-------- ---------------------------------------
10 SHARED DISPOSITIVE POWER
None
------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None(1)
------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
------------------ -------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Mid Ocean Capital Ltd. is the wholly-owned subsidiary of the M.D.
Sass Corporate Resurgence International Irrevocable Trust B
(the "Trust"). Accordingly, Mid Ocean Capital Ltd. and the Trust may
have been deemed to share voting and dispositive power over the
Issuer's securities. Voting and dispositive power over the Issuer's
securities is exercised through CITCO Trustees (BVI) Ltd. The sole
director of Mid Ocean Capital Ltd. is CTC Corporation, Ltd.
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 17 OF 38 PAGES
------------------------ --------------------
This Amendment No. 1 (this "Amendment") to the Schedule 13D filed on July
3, 2001(the "Schedule 13D") relates to Common Stock (the "Common Stock") of Arch
Wireless, Inc., a Delaware corporation ("Issuer"). This filing is made by
Resurgence Asset Management, L.L.C., Resurgence Asset Management International,
L.L.C., Re/Enterprise Asset Management, L.L.C., Kingstreet Ltd., Resurgence
Parallel Fund L.L.C., M.D. Sass Associates, Inc. Employees Profit Sharing Plan,
James B. Rubin, Devonshire Capital Partners, L.L.C., J.B. Rubin & Company Profit
Sharing Plan, Guadalupe G. Rubin IRA, James B. Rubin IRA, Resurgence Parallel
Fund II, LLC, Resurgence Asset Management Employee Retirement Plan, J.B. Rubin &
Company Defined Contribution Plan, and Mid Ocean Capital Ltd. (collectively, the
"Reporting Persons"). Pursuant to this Amendment, the Reporting Persons hereby
amend Items 4, 5 and 7 to the Schedule 13D as set forth in this Amendment.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 to the Schedule 13D is hereby amended to add the following as a
new paragraph at the end thereof:
"Between November 7, 2001 and December 7, 2001, the Reporting Persons
sold all 16,239,776 shares of the Common Stock beneficially owned by them and as
such no longer oppose the restructuring plan originally proposed by the Issuer.
The Issuer also filed a voluntary petition under Chapter 11 of the Bankruptcy
Code on December 6, 2001. None of the Reporting Persons presently has any plans
or proposals that relate to or otherwise result in any matter required to be
disclosed in response to paragraphs (a) through (i) of Item 4 of Schedule 13D. "
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 to the Schedule 13D is hereby amended and restated in its
entirety as follows:
(a) - (b) See Rows 7, 9, 11 and 13 of each cover page.
(c) Between November 7, 2001 and December 7, 2001, the Reporting Persons
sold all 16,239,776 shares of the Common Stock beneficially owned by
them at a price per share ranging from $0.01350 to $0.04500 in open
market transactions. For information about each sale, see Exhibit 3
hereto.
(d) No person other than those named in Item 2 to this Schedule 13D is
known to have the right to receive or the power to direct the receipt
of the proceeds from the sale of shares of Common Stock beneficially
owned by the Reporting Persons.
(e) December 5, 2001.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Agreement as to Joint Filing of Schedule 13D
Exhibit 2 Disclaimer of Beneficial Ownership
Exhibit 3 Schedule of Sales
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 18 OF 38 PAGES
------------------------ --------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: December 20, 2001
RESURGENCE ASSET MANAGEMENT, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
RE/ENTERPRISE ASSET MANAGEMENT, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
KINGSTREET LTD.
/S/ CTC CORPORATION, LTD
--------------------------------------------
CTC Corporation, Ltd, Director
RESURGENCE PARALLEL FUND, L.L.C.
BY: /S/ MARTIN E. WINTER
--------------------------------------------
Martin E. Winter, Member
M.D. SASS ASSOCIATES, INC. EMPLOYEES PROFIT
SHARING PLAN
BY: /S/ MARTIN E. WINTER
--------------------------------------------
Martin E. Winter, Trustee
JAMES B. RUBIN
/S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin
J.B. RUBIN & COMPANY PROFIT SHARING PLAN
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Trustee
RESURGENCE ASSET MANAGEMENT EMPLOYEE RETIREMENT
PLAN
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Trustee
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 19 OF 38 PAGES
------------------------ --------------------
DEVONSHIRE CAPITAL PARTNERS, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Member
GUADALUPE G. RUBIN IRA
BY: /S/ GUADALUPE G. RUBIN
--------------------------------------------
Guadalupe G. Rubin, Beneficiary
JAMES B. RUBIN IRA
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Beneficiary
RESURGENCE PARALLEL FUND II, LLC
BY: /S/ MARTIN E. WINTER
--------------------------------------------
Martin E. Winter, Member
J.B. RUBIN & COMPANY DEFINED CONTRIBUTION PLAN
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Trustee
MID OCEAN CAPITAL LTD.
/S/ CTC CORPORATION, LTD.
---------------------------------------------
CTC Corporation, Ltd., Director
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 20 OF 38 PAGES
------------------------ --------------------
EXHIBIT INDEX TO SCHEDULE 13D
ARCH WIRELESS, INC.
Exhibit 1 Agreement between Resurgence Asset Management, L.L.C.
("RAM"), Resurgence Asset Management International, L.L.C.
("RAMI"), Re/Enterprise Asset Management, L.L.C. ("REAM"),
Kingstreet Ltd., Resurgence Parallel Fund L.L.C.
("Parallel Fund I"), M.D. Sass Associates, Inc. Employees
Profit Sharing Plan ("SAEPS"), James B. Rubin, Devonshire
Capital Partners, L.L.C. ("Devonshire"), J.B. Rubin &
Company Profit Sharing Plan (the "Rubin Plan"), Guadalupe
G. Rubin IRA, James B. Rubin IRA, Resurgence Parallel Fund
II, LLC ("Parallel Fund II"), Resurgence Asset Management
Employee Retirement Plan ("RAM Plan"), J. B. Rubin &
Company Defined Contribution Plan ("Rubin Contribution
Plan") and Mid Ocean Capital Ltd. as to joint filing of
Schedule 13D.
Exhibit 2 Disclaimer of Beneficial Ownership by RAM, RAMI and REAM.
Exhibit 3 Schedule of Sales
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 21 OF 38 PAGES
------------------------ --------------------
EXHIBIT 1
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D
Each of the undersigned hereby affirms that it is individually eligible to use
Schedule 13D, and agrees that this amendment to Schedule 13D is filed on its
behalf.
Dated: December 20, 2001
RESURGENCE ASSET MANAGEMENT, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
RE/ENTERPRISE ASSET MANAGEMENT, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
KINGSTREET LTD.
/S/ CTC CORPORATION, LTD.
--------------------------------------------
CTC Corporation, Ltd., Director
RESURGENCE PARALLEL FUND, L.L.C.
BY: /S/ MARTIN E. WINTER
--------------------------------------------
Martin E. Winter, Member
M.D. SASS ASSOCIATES, INC. EMPLOYEES PROFIT
SHARING PLAN
BY: /S/ MARTIN E. WINTER
--------------------------------------------
Martin E. Winter, Trustee
JAMES B. RUBIN
/S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin
J.B. RUBIN & COMPANY PROFIT SHARING PLAN
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Trustee
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 22 OF 38 PAGES
------------------------ --------------------
RESURGENCE ASSET MANAGEMENT EMPLOYEE RETIREMENT
PLAN
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Trustee
DEVONSHIRE CAPITAL PARTNERS, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Member
GUADALUPE G. RUBIN IRA
BY: /S/ GUADALUPE G. RUBIN
--------------------------------------------
Guadalupe G. Rubin, Beneficiary
JAMES B. RUBIN IRA
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Beneficiary
RESURGENCE PARALLEL FUND II, LLC
BY: /S/ MARTIN E. WINTER
--------------------------------------------
Martin E. Winter, Member
J.B. RUBIN & COMPANY DEFINED CONTRIBUTION PLAN
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Trustee
MID OCEAN CAPITAL LTD.
/S/ CTC CORPORATION, LTD.
---------------------------------------------
CTC Corporation, Ltd., Director
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 23 OF 38 PAGES
------------------------ --------------------
EXHIBIT 2
DISCLAIMER OF BENEFICIAL OWNERSHIP
Each of the undersigned disclaims beneficial ownership of the securities
referred to in the Schedule 13D to which this exhibit is attached, and the
filing of this Schedule 13D shall not be construed as an admission that any of
the undersigned is, for the purpose of Section 13D or 13G of the Securities
Exchange Act of 1934, as amended, the beneficial owner of any securities covered
by this Schedule 13D.
Dated: December 20, 2001
RESURGENCE ASSET MANAGEMENT, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
RE/ENTERPRISE ASSET MANAGEMENT, L.L.C.
BY: /S/ JAMES B. RUBIN
--------------------------------------------
James B. Rubin, Co-Chair
----------------------- ---------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 24 OF 38 PAGES
------------------ -------------------------------------------------------------
EXHIBIT 3
SCHEDULE OF SALES
RESURGENCE ASSET MANAGEMENT, L.L.C.1
--------------------------------------------------------------------------------
------------------------------ ------------------------ ------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 7, 2001 487,000 0.04500
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 8, 2001 48,647 0.04010
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 12, 2001 24,322 0.03300
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 13, 2001 72,969 0.03300
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 15, 2001 97,294 0.03000
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 16, 2001 145,938 0.02500
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 19, 2001 291,876 0.02600
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 20, 2001 291,876 0.02800
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 21, 2001 236,678 0.02800
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 29, 2001 184,059 0.01900
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
November 30, 2001 433,080 0.01880
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
December 3, 2001 433,081 0.01510
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
December 4, 2001 433,080 0.01350
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
December 5, 2001 433,080 0.01440
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
December 6, 2001 3,395,238 0.01740
------------------------------ ------------------------ ------------------
------------------------------ ------------------------ ------------------
December 7, 2001 205,713 0.01420
------------------------------ ------------------------ ------------------
--------
1 Resurgence Asset Management, L.L.C. ("RAM") exercised voting and dispositive
power over the Issuer's securities solely in its capacity as the general partner
and sole investment advisor of M.D. Sass Corporate Resurgence Partners, L.P. and
investment advisor to M.D. Sass Corporate Resurgence Partners II, L.P.
Accordingly, RAM and M.D. Sass Corporate Resurgence Partners, L.P. may be deemed
to have shared voting and dispositive power with each of M.D. Sass Corporate
Resurgence Partners, L.P. and M.D. Sass Corporate Resurgence Partners II, L.P.
Mr. James B. Rubin serves as Chief Investment Officer and is responsible for the
day-to-day investment activities of RAM.
----------------------- ---------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 25 OF 38 PAGES
------------------ -------------------------------------------------------------
RESURGENCE ASSET MANAGEMENT INTERNATIONAL, L.L.C.2
------------------------------- ------------------------ -----------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------- ------------------------ -----------------
November 7, 2001 201,000 0.04500
------------------------------- ------------------------ -----------------
November 8, 2001 20,125 0.04010
------------------------------- ------------------------ -----------------
November 12, 2001 10,063 0.03300
------------------------------- ------------------------ -----------------
November 13, 2001 30,188 0.03300
------------------------------- ------------------------ -----------------
November 15, 2001 40,250 0.03000
------------------------------- ------------------------ -----------------
November 16, 2001 60,376 0.02500
------------------------------- ------------------------ -----------------
November 19, 2001 120,753 0.02600
------------------------------- ------------------------ -----------------
November 20, 2001 120,753 0.02800
------------------------------- ------------------------ -----------------
November 21, 2001 103,195 0.02800
------------------------------- ------------------------ -----------------
November 29, 2001 94,424 0.01900
------------------------------- ------------------------ -----------------
November 30, 2001 222,174 0.01880
------------------------------- ------------------------ -----------------
December 3, 2001 222,174 0.01510
------------------------------- ------------------------ -----------------
December 4, 2001 222,174 0.01350
------------------------------- ------------------------ -----------------
December 5, 2001 222,174 0.01440
------------------------------- ------------------------ -----------------
December 6, 2001 1,741,792 0.01740
------------------------------- ------------------------ -----------------
December 7, 2001 105,532 0.01420
------------------------------- ------------------------ -----------------
--------
2 Resurgence Asset Management International, L.L.C. ("RAMI") exercised
voting and dispositive power over the Issuer's securities solely in RAMI's
capacity as sole special shareholder of and sole investment advisor of M.D. Sass
Corporate Resurgence International, Ltd.. Accordingly, RAMI may have been deemed
to share voting and dispositive power with M.D. Sass Corporate Resurgence
Partners International Ltd. Mr. James B. Rubin serves as Chief Investment
Officer and is responsible for the day-to-day investment activities of RAMI.
----------------------- ---------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 26 OF 38 PAGES
----------------------- ---------------------
RE/ENTERPRISE ASSET MANAGEMENT, L.L.C.3
------------------------------ ------------------------ ------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------ ------------------------ ------------------
November 7, 2001 258,000 0.04500
------------------------------ ------------------------ ------------------
November 8, 2001 25,798 0.04010
------------------------------ ------------------------ ------------------
November 12, 2001 12,899 0.03300
------------------------------ ------------------------ ------------------
November 13, 2001 38,697 0.03300
------------------------------ ------------------------ ------------------
November 15, 2001 51,596 0.03000
------------------------------ ------------------------ ------------------
November 16, 2001 77,395 0.02500
------------------------------ ------------------------ ------------------
November 19, 2001 154,788 0.02600
------------------------------ ------------------------ ------------------
November 20, 2001 154,788 0.02800
------------------------------ ------------------------ ------------------
November 21, 2001 132,281 0.02800
------------------------------ ------------------------ ------------------
November 29, 2001 121,038 0.01900
------------------------------ ------------------------ ------------------
November 30, 2001 284,797 0.01880
------------------------------ ------------------------ ------------------
December 3, 2001 284,796 0.01510
------------------------------ ------------------------ ------------------
December 4, 2001 284,797 0.01350
------------------------------ ------------------------ ------------------
December 5, 2001 284,796 0.01440
------------------------------ ------------------------ ------------------
December 6, 2001 2,232,743 0.01740
------------------------------ ------------------------ ------------------
December 7, 2001 135,279 0.01420
------------------------------ ------------------------ ------------------
--------
3 Re/Enterprise Asset Management L.L.C. ("REAM") exercised voting and
dispositive power over the Issuer's securities (a) as the sole investment
advisor to two employee pension plans and (b) as general partner and sole
investment advisor of M.D. Sass Re/Enterprise Portfolio Company, L.P.
("Enterprise") and M.D. Sass Re/Enterprise II, L.P. ("Enterprise II").
Accordingly, REAM may have been deemed to share voting and dispositive power
with each of the pension plans and with Enterprise and Enterprise II. Mr. James
B. Rubin serves as Chief Investment Officer and is responsible for the
day-to-day investment activities of REAM.
----------------------- ---------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 27 OF 38 PAGES
----------------------- ---------------------
KINGSTREET, LTD.
------------------------------ ------------------------ ------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------ ------------------------ ------------------
November 7, 2001 5,000 0.04500
------------------------------ ------------------------ ------------------
November 8, 2001 526 0.04010
------------------------------ ------------------------ ------------------
November 12, 2001 263 0.03300
------------------------------ ------------------------ ------------------
November 13, 2001 789 0.03300
------------------------------ ------------------------ ------------------
November 15, 2001 1,052 0.03000
------------------------------ ------------------------ ------------------
November 16, 2001 1,578 0.02500
------------------------------ ------------------------ ------------------
November 19, 2001 3,157 0.02600
------------------------------ ------------------------ ------------------
November 20, 2001 3,157 0.02800
------------------------------ ------------------------ ------------------
November 21, 2001 2,698 0.02800
------------------------------ ------------------------ ------------------
November 29, 2001 2,468 0.01900
------------------------------ ------------------------ ------------------
November 30, 2001 5,808 0.01880
------------------------------ ------------------------ ------------------
December 3, 2001 5,808 0.01510
------------------------------ ------------------------ ------------------
December 4, 2001 5,808 0.01350
------------------------------ ------------------------ ------------------
December 5, 2001 5,808 0.01440
------------------------------ ------------------------ ------------------
December 6, 2001 45,536 0.01740
------------------------------ ------------------------ ------------------
December 7, 2001 2,759 0.01420
------------------------------ ------------------------ ------------------
----------------------- ---------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 28 OF 38 PAGES
----------------------- ---------------------
RESURGENCE PARALLEL FUND, L.L.C.
------------------------------ ------------------------ ------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------ ------------------------ ------------------
November 7, 2001 14,000 0.04500
------------------------------ ------------------------ ------------------
November 8, 2001 1,368 0.04010
------------------------------ ------------------------ ------------------
November 12, 2001 684 0.03300
------------------------------ ------------------------ ------------------
November 13, 2001 2,052 0.03300
------------------------------ ------------------------ ------------------
November 15, 2001 2,736 0.03000
------------------------------ ------------------------ ------------------
November 16, 2001 4,104 0.02500
------------------------------ ------------------------ ------------------
November 19, 2001 8,209 0.02600
------------------------------ ------------------------ ------------------
November 20, 2001 8,209 0.02800
------------------------------ ------------------------ ------------------
November 21, 2001 7,015 0.02800
------------------------------ ------------------------ ------------------
November 29, 2001 6,419 0.01900
------------------------------ ------------------------ ------------------
November 30, 2001 15,103 0.01880
------------------------------ ------------------------ ------------------
December 3, 2001 15,103 0.01510
------------------------------ ------------------------ ------------------
December 4, 2001 15,103 0.01350
------------------------------ ------------------------ ------------------
December 5, 2001 15,103 0.01440
------------------------------ ------------------------ ------------------
December 6, 2001 118,402 0.01740
------------------------------ ------------------------ ------------------
December 7, 2001 7,174 0.01420
------------------------------ ------------------------ ------------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 29 OF 38 PAGES
------------------------ --------------------
M.D. SASS ASSOCIATES EMPLOYEE PROFIT SHARING PLAN
--------------------------------------------------------------------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------ ------------------------ ------------------
November 7, 2001 2,000 0.04500
------------------------------ ------------------------ ------------------
November 8, 2001 180 0.04010
------------------------------ ------------------------ ------------------
November 12, 2001 90 0.03300
------------------------------ ------------------------ ------------------
November 13, 2001 270 0.03300
------------------------------ ------------------------ ------------------
November 15, 2001 360 0.03000
------------------------------ ------------------------ ------------------
November 16, 2001 540 0.02500
------------------------------ ------------------------ ------------------
November 19, 2001 1,079 0.02600
------------------------------ ------------------------ ------------------
November 20, 2001 1,080 0.02800
------------------------------ ------------------------ ------------------
November 21, 2001 923 0.02800
------------------------------ ------------------------ ------------------
November 29, 2001 844 0.01900
------------------------------ ------------------------ ------------------
November 30, 2001 1,986 0.01880
------------------------------ ------------------------ ------------------
December 3, 2001 1,986 0.01510
------------------------------ ------------------------ ------------------
December 4, 2001 1,986 0.01350
------------------------------ ------------------------ ------------------
December 5, 2001 1,986 0.01440
------------------------------ ------------------------ ------------------
December 6, 2001 15,572 0.01740
------------------------------ ------------------------ ------------------
December 7, 2001 943 0.01420
------------------------------ ------------------------ ------------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 30 OF 38 PAGES
------------------------ --------------------
JAMES B. RUBIN
--------------------------------------------------------------------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
----------------------------- ---------------------------- ---------------------
November 7, 2001 14,000 0.04500
----------------------------- ---------------------------- ---------------------
November 8, 2001 1,363 0.04010
----------------------------- ---------------------------- ---------------------
November 12, 2001 682 0.03300
----------------------------- ---------------------------- ---------------------
November 13, 2001 2,045 0.03300
----------------------------- ---------------------------- ---------------------
November 15, 2001 2,726 0.03000
----------------------------- ---------------------------- ---------------------
November 16, 2001 4,090 0.02500
----------------------------- ---------------------------- ---------------------
November 19, 2001 8,179 0.02600
----------------------------- ---------------------------- ---------------------
November 20, 2001 8,179 0.02800
----------------------------- ---------------------------- ---------------------
November 21, 2001 6,990 0.02800
----------------------------- ---------------------------- ---------------------
November 29, 2001 6,396 0.01900
----------------------------- ---------------------------- ---------------------
November 30, 2001 15,049 0.01880
----------------------------- ---------------------------- ---------------------
December 3, 2001 15,049 0.01510
----------------------------- ---------------------------- ---------------------
December 4, 2001 15,049 0.01350
----------------------------- ---------------------------- ---------------------
December 5, 2001 15,049 0.01440
----------------------------- ---------------------------- ---------------------
December 6, 2001 117,982 0.01740
----------------------------- ---------------------------- ---------------------
December 7, 2001 7,148 0.01420
----------------------------- ---------------------------- ---------------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 31 OF 38 PAGES
------------------------ --------------------
DEVONSHIRE CAPITAL PARTNERS, L.L.C.
------------------------------ ------------------------ ------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------ ------------------------ ------------------
November 7, 2001 9,000 0.04500
------------------------------ ------------------------ ------------------
November 8, 2001 875 0.04010
------------------------------ ------------------------ ------------------
November 12, 2001 437 0.03300
------------------------------ ------------------------ ------------------
November 13, 2001 1,312 0.03300
------------------------------ ------------------------ ------------------
November 15, 2001 1,750 0.03000
------------------------------ ------------------------ ------------------
November 16, 2001 2,624 0.02500
------------------------------ ------------------------ ------------------
November 19, 2001 5,249 0.02600
------------------------------ ------------------------ ------------------
November 20, 2001 5,249 0.02800
------------------------------ ------------------------ ------------------
November 21, 2001 4,486 0.02800
------------------------------ ------------------------ ------------------
November 29, 2001 4,104 0.01900
------------------------------ ------------------------ ------------------
November 30, 2001 9,657 0.01880
------------------------------ ------------------------ ------------------
December 3, 2001 9,657 0.01510
------------------------------ ------------------------ ------------------
December 4, 2001 9,657 0.01350
------------------------------ ------------------------ ------------------
December 5, 2001 9,657 0.01440
------------------------------ ------------------------ ------------------
December 6, 2001 75,713 0.01740
------------------------------ ------------------------ ------------------
December 7, 2001 4,587 0.01420
------------------------------ ------------------------ ------------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 32 OF 38 PAGES
------------------------ --------------------
J.B. RUBIN & COMPANY PROFIT SHARING PLAN
--------------------------------------------------------------------------------
------------------------------- ------------------------ -----------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------- ------------------------ -----------------
November 8, 2001 11 0.04010
------------------------------- ------------------------ -----------------
November 12, 2001 6 0.03300
------------------------------- ------------------------ -----------------
November 13, 2001 17 0.03300
------------------------------- ------------------------ -----------------
November 15, 2001 22 0.03000
------------------------------- ------------------------ -----------------
November 16, 2001 33 0.02500
------------------------------- ------------------------ -----------------
November 19, 2001 66 0.02600
------------------------------- ------------------------ -----------------
November 20, 2001 66 0.02800
------------------------------- ------------------------ -----------------
November 21, 2001 56 0.02800
------------------------------- ------------------------ -----------------
November 29, 2001 52 0.01900
------------------------------- ------------------------ -----------------
November 30, 2001 122 0.01880
------------------------------- ------------------------ -----------------
December 3, 2001 122 0.01510
------------------------------- ------------------------ -----------------
December 4, 2001 122 0.01350
------------------------------- ------------------------ -----------------
December 5, 2001 122 0.01440
------------------------------- ------------------------ -----------------
December 6, 2001 953 0.01740
------------------------------- ------------------------ -----------------
December 7, 2001 58 0.01420
------------------------------- ------------------------ -----------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 33 OF 38 PAGES
------------------------ --------------------
GUADALUPE G. RUBIN IRA
--------------------------------------------------------------------------------
------------------------------ ------------------------ ------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------ ------------------------ ------------------
November 8, 2001 42 0.04010
------------------------------ ------------------------ ------------------
November 12, 2001 21 0.03300
------------------------------ ------------------------ ------------------
November 13, 2001 63 0.03300
------------------------------ ------------------------ ------------------
November 15, 2001 84 0.03000
------------------------------ ------------------------ ------------------
November 16, 2001 127 0.02500
------------------------------ ------------------------ ------------------
November 19, 2001 253 0.02600
------------------------------ ------------------------ ------------------
November 20, 2001 253 0.02800
------------------------------ ------------------------ ------------------
November 21, 2001 216 0.02800
------------------------------ ------------------------ ------------------
November 29, 2001 198 0.01900
------------------------------ ------------------------ ------------------
November 30, 2001 466 0.01880
------------------------------ ------------------------ ------------------
December 3, 2001 466 0.01510
------------------------------ ------------------------ ------------------
December 4, 2001 466 0.01350
------------------------------ ------------------------ ------------------
December 5, 2001 466 0.01440
------------------------------ ------------------------ ------------------
December 6, 2001 3,651 0.01740
------------------------------ ------------------------ ------------------
December 7, 2001 221 0.01420
------------------------------ ------------------------ ------------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 34 OF 38 PAGES
------------------------ --------------------
JAMES B. RUBIN IRA
--------------------------------------------------------------------------------
------------------------------ ------------------------ ------------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------ ------------------------ ------------------
November 8, 2001 51 0.04010
------------------------------ ------------------------ ------------------
November 12, 2001 26 0.03300
------------------------------ ------------------------ ------------------
November 13, 2001 77 0.03300
------------------------------ ------------------------ ------------------
November 15, 2001 102 0.03000
------------------------------ ------------------------ ------------------
November 16, 2001 153 0.02500
------------------------------ ------------------------ ------------------
November 19, 2001 306 0.02600
------------------------------ ------------------------ ------------------
November 20, 2001 306 0.02800
------------------------------ ------------------------ ------------------
November 21, 2001 262 0.02800
------------------------------ ------------------------ ------------------
November 29, 2001 239 0.01900
------------------------------ ------------------------ ------------------
November 30, 2001 563 0.01880
------------------------------ ------------------------ ------------------
December 3, 2001 563 0.01510
------------------------------ ------------------------ ------------------
December 4, 2001 563 0.01350
------------------------------ ------------------------ ------------------
December 5, 2001 563 0.01440
------------------------------ ------------------------ ------------------
December 6, 2001 4,416 0.01740
------------------------------ ------------------------ ------------------
December 7, 2001 268 0.01420
------------------------------ ------------------------ ------------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 35 OF 38 PAGES
------------------------ --------------------
RESURGENCE PARALLEL FUND II, L.L.C.
--------------------------------------------------------------------------------
------------------------------- ------------------------ -----------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------- ------------------------ -----------------
November 7, 2001 2,000 0.04500
------------------------------- ------------------------ -----------------
November 8, 2001 196 0.04010
------------------------------- ------------------------ -----------------
November 12, 2001 98 0.03300
------------------------------- ------------------------ -----------------
November 13, 2001 294 0.03300
------------------------------- ------------------------ -----------------
November 15, 2001 392 0.03000
------------------------------- ------------------------ -----------------
November 16, 2001 588 0.02500
------------------------------- ------------------------ -----------------
November 19, 2001 1,176 0.02600
------------------------------- ------------------------ -----------------
November 20, 2001 1,176 0.02800
------------------------------- ------------------------ -----------------
November 21, 2001 1,005 0.02800
------------------------------- ------------------------ -----------------
November 29, 2001 920 0.01900
------------------------------- ------------------------ -----------------
November 30, 2001 2,164 0.01880
------------------------------- ------------------------ -----------------
December 3, 2001 2,164 0.01510
------------------------------- ------------------------ -----------------
December 4, 2001 2,164 0.01350
------------------------------- ------------------------ -----------------
December 5, 2001 2,164 0.01440
------------------------------- ------------------------ -----------------
December 6, 2001 16,965 0.01740
------------------------------- ------------------------ -----------------
December 7, 2001 1,028 0.01420
------------------------------- ------------------------ -----------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 36 OF 38 PAGES
------------------------ --------------------
RESURGENCE ASSET MANAGEMENT, L.L.C. EMPLOYEE RETIREMENT PLAN
--------------------------------------------------------------------------------
------------------------------- ------------------------ -----------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------- ------------------------ -----------------
November 8, 2001 15 0.04010
------------------------------- ------------------------ -----------------
November 12, 2001 8 0.03300
------------------------------- ------------------------ -----------------
November 13, 2001 23 0.03300
------------------------------- ------------------------ -----------------
November 15, 2001 30 0.03000
------------------------------- ------------------------ -----------------
November 16, 2001 46 0.02500
------------------------------- ------------------------ -----------------
November 19, 2001 92 0.02600
------------------------------- ------------------------ -----------------
November 20, 2001 91 0.02800
------------------------------- ------------------------ -----------------
November 21, 2001 78 0.02800
------------------------------- ------------------------ -----------------
November 29, 2001 72 0.01900
------------------------------- ------------------------ -----------------
November 30, 2001 168 0.01880
------------------------------- ------------------------ -----------------
December 3, 2001 168 0.01510
------------------------------- ------------------------ -----------------
December 4, 2001 168 0.01350
------------------------------- ------------------------ -----------------
December 5, 2001 168 0.01440
------------------------------- ------------------------ -----------------
December 6, 2001 1,321 0.01740
------------------------------- ------------------------ -----------------
December 7, 2001 80 0.01420
------------------------------- ------------------------ -----------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 37 OF 38 PAGES
------------------------ --------------------
J.B RUBIN & COMPANY DEFINED CONTRIBUTION PLAN
--------------------------------------------------------------------------------
------------------------------- ------------------------ -----------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------- ------------------------ -----------------
November 7, 2001 7,000 0.04500
------------------------------- ------------------------ -----------------
November 8, 2001 724 0.04010
------------------------------- ------------------------ -----------------
November 12, 2001 362 0.03300
------------------------------- ------------------------ -----------------
November 13, 2001 1,086 0.03300
------------------------------- ------------------------ -----------------
November 15, 2001 1,448 0.03000
------------------------------- ------------------------ -----------------
November 16, 2001 2,172 0.02500
------------------------------- ------------------------ -----------------
November 19, 2001 4,345 0.02600
------------------------------- ------------------------ -----------------
November 20, 2001 4,345 0.02800
------------------------------- ------------------------ -----------------
November 21, 2001 3,713 0.02800
------------------------------- ------------------------ -----------------
November 29, 2001 3,398 0.01900
------------------------------- ------------------------ -----------------
November 30, 2001 7,994 0.01880
------------------------------- ------------------------ -----------------
December 3, 2001 7,994 0.01510
------------------------------- ------------------------ -----------------
December 4, 2001 7,994 0.01350
------------------------------- ------------------------ -----------------
December 5, 2001 7,994 0.01440
------------------------------- ------------------------ -----------------
December 6, 2001 62,675 0.01740
------------------------------- ------------------------ -----------------
December 7, 2001 3,797 0.01420
------------------------------- ------------------------ -----------------
----------------------- --------------------
CUSIP No. 039381108 SCHEDULE 13D PAGE 38 OF 38 PAGES
------------------------ --------------------
MID OCEAN CAPITAL, LTD.
--------------------------------------------------------------------------------
------------------------------- ------------------------ -----------------
DATE OF SALE NUMBER OF SHARES SOLD PRICE PER SHARE
($)
------------------------------- ------------------------ -----------------
November 7, 2001 1,000 0.04500
------------------------------- ------------------------ -----------------
November 8, 2001 79 0.04010
------------------------------- ------------------------ -----------------
November 12, 2001 39 0.03300
------------------------------- ------------------------ -----------------
November 13, 2001 118 0.03300
------------------------------- ------------------------ -----------------
November 15, 2001 158 0.03000
------------------------------- ------------------------ -----------------
November 16, 2001 236 0.02500
------------------------------- ------------------------ -----------------
November 19, 2001 472 0.02600
------------------------------- ------------------------ -----------------
November 20, 2001 472 0.02800
------------------------------- ------------------------ -----------------
November 21, 2001 404 0.02800
------------------------------- ------------------------ -----------------
November 29, 2001 369 0.01900
------------------------------- ------------------------ -----------------
November 30, 2001 869 0.01880
------------------------------- ------------------------ -----------------
December 3, 2001 869 0.01510
------------------------------- ------------------------ -----------------
December 4, 2001 869 0.01350
------------------------------- ------------------------ -----------------
December 5, 2001 869 0.01440
------------------------------- ------------------------ -----------------
December 6, 2001 6,817 0.01740
------------------------------- ------------------------ -----------------
December 7, 2001 413 0.01420
------------------------------- ------------------------ -----------------