SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
USDATA Corporation
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(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
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(Title of Class of Securities)
917294 30 8
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(CUSIP Number)
Diana Wechsler Kerekes, Esq.
800 The Safeguard Building, 435 Devon Park Drive
Wayne, PA 19087-1945
(610) 293-0600
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 1, 2002
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(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 which 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: 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.
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 the
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, as amended (the "Exchange Act") or otherwise subject to the liabilities of
that section of the Exchange Act but shall be subject to all other provisions of
the Exchange Act.
CUSIP No. 917294 30 8
1 NAME OF REPORTING PERSON
Safeguard Scientifics, Inc.
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S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
23-1609753
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES(*)[X]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
CO
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(*) Excludes an aggregate of 11,197 shares of common stock held by certain
executive officers and directors of Safeguard Scientifics, Inc. and 501(c)(3)
foundations controlled by them. Safeguard Scientifics, Inc. disclaims beneficial
ownership of such shares.
CUSIP No. 917294 30 8
1 NAME OF REPORTING PERSON
Safeguard Delaware, Inc.
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S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
52-2081181
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES(*)[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
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CUSIP No. 917294 30 8
1 NAME OF REPORTING PERSON
Safeguard Scientifics (Delaware), Inc.
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S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
51-0291171
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES(*)[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP No. 917294 30 8
1 NAME OF REPORTING PERSON
Safeguard 2000 Capital, L.P.
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S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
23-3026167
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES(*)[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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The following information supplements and amends the information contained in
the Schedule 13D previously filed by Safeguard Scientifics, Inc. ("Safeguard")
relating to the ownership by its subsidiaries of the common stock, $0.01 par
value per share, of USDATA Corporation, a Delaware corporation (the "Company"),
listed on the cover pages of this amendment.
ITEM 2. IDENTITY AND BACKGROUND
No change except as follows:
(a)-(c) This Schedule 13D is being filed by Safeguard Scientifics, Inc.
("Safeguard"), Safeguard Delaware, Inc. ("SDI"), Safeguard Scientifics
(Delaware), Inc. ("SSD"), and Safeguard 2000 Capital L.P. ("Safeguard 2000")
(collectively, the "Reporting Persons" and, individually, a "Reporting Person").
Safeguard is a leader in building and operating technology companies in three
principal areas: business and IT services, software, and emerging technologies.
SSD and SDI are wholly owned subsidiaries of Safeguard. SDI is the general
partner of Safeguard 2000, a limited partnership organized under the laws of
Delaware, and has sole voting and dispositive power over the securities owned by
Safeguard 2000.
Set forth in Schedule I annexed hereto are the name, identity and background of
each Reporting Person and set forth in Schedules II, III, and IV are the
information required by Item 2 of Schedule 13D about the identity and background
of each Reporting Person's directors, executive officers and controlling
persons, if any.
ITEM 4. PURPOSE OF TRANSACTION
Pursuant to the Stock Purchase Agreement dated as of August ___, 2002, by and
among the Reporting Persons and SCP Private Equity Partners II, L.P. ("SCP"), on
October 1, 2002, SCP acquired in a private sale (a) 322,405 shares of Common
Stock of the Company ("Common Stock") and 50,000 shares of Series A Preferred
Stock of the Company ("Series A Preferred") from SDI; (b) 680,777 shares of
Common Stock from SSD; and (c) 132,500 shares of Series B Preferred Stock of the
Company ("Series B Preferred") and warrants to purchase 5,300,000 shares of
Series A-2 Preferred Stock of eMake Corporation (the "eMake Preferred") from
Safeguard 2000. SCP paid an aggregate purchase price of $300,000 for the
securities. In connection with the purchase of the warrants from Safeguard 2000,
SCP expects to receive an assignment from Safeguard 2000 of Safeguard 2000's
rights to convert the eMake Preferred shares issuable upon exercise of the
warrants (the "Warrant Shares") into shares of Series B Preferred under that
certain Exchange Agreement, dated September 12, 2000, by and between the Issuer
and Safeguard 2000 (the "Exchange Agreement"). Under that certain Warrant
Agreement, dated March 30, 2001, among the Company, Safeguard 2000 and SCP,
Safeguard 2000 is prohibited from converting its Warrant Shares into shares of
Series B Preferred, and such prohibition would be applicable to SCP as an
assignee of the Exchange Agreement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Replace the disclosure previously contained in Item 5 with the following:
The table below sets forth the aggregate number of shares and percentage of the
Company's outstanding shares beneficially owned by each Reporting Person. Except
as otherwise noted, each person listed has sole voting and dispositive power
over all shares listed opposite its name. Any of the aforementioned persons
whose names do not appear in the table below do not, to the best of each
Reporting Person's knowledge, beneficially own any shares of the Company.
Unless otherwise indicated in Schedule V annexed hereto, no Reporting Person or
director or executive officer of a Reporting Person listed on Schedules II
through IV annexed hereto has consummated any transaction in the Company's
shares during the past sixty days other than as set forth herein.
Beneficial Ownership
--------------------
Number of Percentage
Shares of Total
------ --------
Safeguard Scientifics, Inc. 0 0%
Safeguard Delaware, Inc. 0 0%
Safeguard Scientifics (Delaware), Inc. 0 0%
Safeguard 2000 Capital L.P. 0 0%
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Other than as described in Item 4 of this statement on Schedule 13D, to each
Reporting Person's knowledge, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the persons named in
Item 2 and between such persons and any person with respect to any securities of
the Company, including but not limited to transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
EXHIBIT NO. DESCRIPTION
----------- -----------
99.1 Stock Purchase Agreement dated as of August ___, 2002
by and among Safeguard Delaware, Inc., Safeguard
Scientifics (Delaware), Inc., Safeguard 2000 Capital
L.P. and SCP Private Equity Partners II L.P.
99.2 Exchange Agreement dated as of September 12, 2000
(incorporated by reference to Exhibit 99.2 filed on
September 20, 2000 as an exhibit to Schedule 13D
filed by Reporting Persons)
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information named in this schedule is true, complete and correct.
Date: October 4, 2002 Safeguard Scientifics, Inc.
By: /s/ N. Jeffrey Klauder
------------------------------
N. Jeffrey Klauder
Managing Director and General Counsel
Date: October 4, 2002 Safeguard Delaware, Inc.
By: /s/ N. Jeffrey Klauder
------------------------------
N. Jeffrey Klauder
Vice President
Date: October 4, 2002 Safeguard Scientifics (Delaware), Inc.
By: /s/ N. Jeffrey Klauder
------------------------------
N. Jeffrey Klauder
Vice President
Date: October 4, 2002 Safeguard 2000 Capital L.P.
By: Safeguard Delaware, Inc.
Its: General Partner
By: /s/ N. Jeffrey Klauder
------------------------------
N. Jeffrey Klauder
Vice President
SCHEDULE I
1. Safeguard Scientifics, Inc.
Safeguard Scientifics, Inc., a Pennsylvania corporation
("Safeguard"), owns all of the outstanding capital stock of
Safeguard Delaware, Inc., a Delaware corporation ("SDI"), and
Safeguard Scientifics (Delaware), Inc., a Delaware corporation
("SSD"). Safeguard has an address at 800 The Safeguard
Building, 435 Devon Park Drive, Wayne, PA 19087-1945.
Safeguard is a leader in building and operating technology
companies in three principal areas: business and IT services,
software, and emerging technologies. See Schedule II with
respect to the executive officers and directors of Safeguard
as of the date of this Schedule 13D.
2. Safeguard Delaware, Inc.
SDI is a wholly owned subsidiary of Safeguard. SDI is a
holding company and has an office at 103 Springer Building,
3411 Silverside Road, P.O. Box 7048, Wilmington, DE 19803. SDI
is the general partner of Safeguard 2000 Capital L.P.
("Safeguard 2000"), a Delaware limited partnership. Schedule
III provides information about the executive officers and
directors of SDI as of the date of this Schedule 13D.
3. Safeguard Scientifics (Delaware), Inc.
SSD is a wholly owned subsidiary of Safeguard. SSD is a
holding company and has an office at 103 Springer Building,
3411 Silverside Road, P.O. Box 7048, Wilmington, DE 19803.
Schedule IV provides information about the executive officers
and directors of SSD as of the date of this Schedule 13D.
4. Safeguard 2000 Capital L.P.
Safeguard 2000 is a Delaware limited partnership with a
principal place of business at 1013 Centre Road, Suite 350,
Wilmington, DE 19095.
SCHEDULE II
EXECUTIVE OFFICERS AND DIRECTORS OF SAFEGUARD SCIENTIFICS, INC.
Name Present Principal Employment Business Address
---- ---------------------------- ----------------
EXECUTIVE OFFICERS(*)
Anthony L. Craig President, Chief Executive Officer and Safeguard Scientifics,Inc.
Director 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Michael F. Cola Managing Director, Corporate Operations Safeguard Scientifics,Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Robert D. Crowley Managing Director, Software Safeguard Scientifics,Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Christopher J. Davis Managing Director and Chief Financial Safeguard Scientifics,Inc.
Officer 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Anthony A. Ibarguen Managing Director, Business & IT Services Safeguard Scientifics,Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
N. Jeffrey Klauder Managing Director and General Counsel Safeguard Scientifics,Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
DIRECTORS(*)
Robert E. Keith, Jr. Managing Director of TL Ventures and TL Ventures
President and CEO, Technology Leaders 700 Building
Management, Inc. 435 Devon Park Drive
Wayne, PA 19087
Anthony L. Craig Same as above Same as above
Vincent G. Bell, Jr. President and Chief Executive Officer, Verus Corporation
Verus Corporation 5 Radnor Corporate Center
Suite 520
Radnor, PA 19087
Walter W. Buckley, III Chairman and CEO, Internet Capital Group, Internet Capital Group
Inc. 435 Devon Park Drive
Building 600
Wayne, PA 19087
Robert A. Fox President, R.A.F. Industries R.A.F. Industries
One Pitcairn Pl, Suite 2100
165 Township Line Road
Jenkintown, PA 19046-3593
Jack L. Messman Chairman, President, CEO, Novell, Inc. Novell, Inc.
1800 South Novell Place
Provo, UT 84606
Russell E. Palmer Chairman and CEO, The Palmer Group The Palmer Group
3600 Market Street, Suite 530
Philadelphia, PA 19104
John W. Poduska Sr. Consultant 295 Meadowbrook Rd.
Weston, MA 02493-2450
(*) All Executive Officers and Directors are U.S. Citizens.
SCHEDULE III
EXECUTIVE OFFICERS AND DIRECTORS OF SAFEGUARD DELAWARE, INC.
Name Present Principal Employment Business Address
---- ---------------------------- ----------------
EXECUTIVE OFFICERS(*)
Anthony L. Craig President, Safeguard Delaware, Inc.; Safeguard Scientifics, Inc.
President and CEO, Safeguard Scientifics, 800 The Safeguard Building
Inc. 435 Devon Park Drive
Wayne, PA 19087
Christopher J. Davis Vice President & Treasurer, Safeguard Safeguard Scientifics,Inc.
Delaware, Inc.; Managing Director and CFO, 800 The Safeguard Building
Safeguard Scientifics, Inc. 435 Devon Park Drive
Wayne, PA 19087
N. Jeffrey Klauder Vice President & Assistant Secretary, Safeguard Scientifics,Inc.
Safeguard Delaware, Inc.; Managing 800 The Safeguard Building
Director and General Counsel, Safeguard 435 Devon Park Drive
Scientifics, Inc. Wayne, PA 19087
DIRECTORS(*)
Deirdre Blackburn Manager, Legal Systems & Corporate Safeguard Scientifics, Inc.
Secretary, Safeguard Scientifics, Inc. 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Joseph R. DeSanto Director, Safeguard Scientifics, Inc. Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Tonya L. Zweier Director, Safeguard Scientifics, Inc. Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
(*) All Executive Officers and Directors are U.S. Citizens.
SCHEDULE IV
EXECUTIVE OFFICERS AND DIRECTORS OF SAFEGUARD SCIENTIFICS (DELAWARE), INC.
Name Present Principal Employment Business Address
---- ---------------------------- ----------------
EXECUTIVE OFFICERS(*)
Anthony L. Craig President, Safeguard Scientifics Safeguard Scientifics, Inc.
(Delaware), Inc.; President and CEO, 800 The Safeguard Building
Safeguard Scientifics, Inc. 435 Devon Park Drive
Wayne, PA 19087
Christopher J. Davis Vice President & Treasurer, Safeguard Safeguard Scientifics,Inc.
Scientifics (Delaware), Inc.; Managing 800 The Safeguard Building
Director and CFO, Safeguard Scientifics, 435 Devon Park Drive
Inc. Wayne, PA 19087
N. Jeffrey Klauder Vice President & Assistant Secretary, Safeguard Scientifics,Inc.
Safeguard Scientifics (Delaware), Inc.; 800 The Safeguard Building
Managing Director and General Counsel, 435 Devon Park Drive
Safeguard Scientifics, Inc. Wayne, PA 19087
DIRECTORS(*)
Deirdre Blackburn Manager, Legal Systems & Corporate Safeguard Scientifics, Inc.
Secretary, Safeguard Scientifics, Inc. 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Joseph R. DeSanto Director, Safeguard Scientifics, Inc. Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Tonya L. Zweier Director, Safeguard Scientifics, Inc. Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
(*) All Executive Officers and Directors are U.S. Citizens.
SCHEDULE V
All of the following transactions were effected by the executive officers and
directors of the Reporting Persons listed below, in brokers' transactions in the
Nasdaq National Market.
Name Transaction Date Type of Transaction Shares Price Per Share
---- ---------------- ------------------- ------ ---------------