U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
SCP Private Equity Partners II, L.P.
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(Last) (First) (Middle)
435 Devon Park Drive, Building 300
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(Street)
Wayne, PA 19087
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
USDATA Corporation (USDC)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
03/2001
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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None
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Series C-1
Preferred Stock,
par value $0.01
per share Common
(FN1) (FN1) 03/30/01 P 37,500 Presently None Stock 3,750,000 (FN1) 37,500 (FN 1) (FN 1)
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Warrant to
Purchase Series
C-2 Preferred Stock,
par value $0.01 $40.00
per share per share Common
(FN1) (FN1) 03/03/01 P (FN1) (FN1) 03/30/11 Stock 7,500,000 (FN1) (FN1) (FN 1) (FN 1)
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Explanation of Responses:
(FN1) On March 30, 2001 the Issuer issued to SCP Private Equity
Partners II, L.P. ("SCP") (i) 37,500 shares of the Company's Series C-1
Preferred Stock, par value $0.01 per share (the "Series C-1 Preferred Stock"),
and (ii) a warrant (the "Warrant") to purchase up to 75,000 shares of the
Company's Series C-2 Preferred Stock, par value $0.01 per share (the "Series C-2
Preferred Stock") (at an initial exercise price of $40.00 per share, subject to
adjustment upon certain events), for an aggregate purchase price of $1,500,000.
Each share of Series C-1 Preferred Stock and Series C-2 Preferred Stock is
convertible into 100 shares of common stock of the Issuer, subject to increase
for dividends and dilutive issuances. Presently, SCP has the right to (1)
convert the Series C-1 Preferred Stock into 3,750,000 shares of the Issuer's
common stock; and (2) the right to exchange its Warrant into 25,000 shares of
Series C-2 Preferred Stock which is convertible into 2,500,000 shares of the
Issuer's common stock. Upon the earlier of approval of the stockholders of the
transactions contemplated by the Warrant or May 31, 2001, SCP will have the
right to exercise the remaining 50,500 shares of Series C-2 Preferred Stock
purchasable under the Warrant, which is convertible into 5,050,000 shares of the
Issuer's common stock. For purposes of Section 16 reporting, SCP is deemed to be
a direct beneficial owner of the derivative securities of the Issuer disclosed
herein. SCP Private Equity II, LLC (the "Manager") is deemed to be an indirect
beneficial owner of the derivative securities of the Issuer disclosed herein
because of a contractual agreement with SCP which grants the Manager the power
to make voting and investment decisions regarding the securities held by SCP.
/s/ Wayne B. Weisman April 9, 2001
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**Signature of Reporting Person Date
Name: Wayne B. Weisman
Title: A Manager of SCP Private Equity II, LLC, the Manager of SCP Private
Equity II General Partner, L.P., the General Partner of the Reporting
Person
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number. Page 2
Joint Filer Information
Name: SCP Private Equity II, LLC
Address: 435 Devon Park Drive, Building 300
Wayne, Pennsylvania 19087
Designated Filer: SCP Private Equity Partners II, L.P.
Issuer & Ticker Symbol: USDATA Corporation (USDC)
Date of Event Requiring Statement: March 30, 2001
Signature: By: /s/ Wayne B. Weisman
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Name: Wayne B. Weisman
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Title: Manager
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