UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Viewpoint Corporation
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
92672P108
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(CUSIP Number)
Kevin S. Moore
President
The Clark Estates, Inc.
One Rockefeller Plaza, 31st Floor
New York, New York 10020
(212) 977-6900
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Jeffrey E. LaGueux, Esq.
Patterson, Belknap, Webb & Tyler LLP
1133 Avenue of the Americas
New York, New York 10036-6710
(212) 336-2000
May 5, 2003
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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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 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
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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Page 1 of 3 pages)
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CUSIP NO.
92672P108
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NAME OF REPORTING PERSON
1. I.R.S IDENTIFICATION NO. OF ABOVE PERSON
The Clark Estates, Inc.
13-5524538
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
2. (b) [X]
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3. SEC USE ONLY
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SOURCE OF FUNDS
4. OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5. TO ITEMS 2(d) OR 2(e) [ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6. New York
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7. SOLE VOTING POWER
3,703,402
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8. SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY ------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,703,402
WITH
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10. SHARED DISPOSITIVE POWER
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11. 3,703,402
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
12. SHARES [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13. 8.1%
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TYPE OF REPORTING PERSON
14. CO
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(Page 2 of 3 pages)
AMENDMENT NO. 1
TO
SCHEDULE 13D
This Amendment No. 1 is filed in accordance with Rule 13d-2 of
the Securities Exchange Act of 1934, as amended, by the Reporting Person and
refers only to information which has materially changed since the filing of the
original Schedule 13D by the Reporting Person on April 7, 2003. The items
identified below, or the particular paragraphs of such items which are
identified below, are amended to add the information as set forth below.
Capitalized terms not otherwise defined herein have the meanings ascribed to
them in the original Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Stephen M. Duff, the Chief Investment Officer of the
Reporting Person, was elected as a member of the Board of Directors of the
Issuer as of May 5, 2003. As a director, Mr. Duff has been granted options to
purchase 20,000 shares of Common Stock, none of which are vested as of the date
hereof.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: May 12, 2003 THE CLARK ESTATES, INC.
By: /s/ Kevin S. Moore
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Name: Kevin S. Moore
Title: President
(Page 3 of 3 pages)