UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1*)
LASERSIGHT INCORPORATED
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(Name of Issuer)
Common Stock, Par Value $.001
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(Title of Class of Securities)
517924106
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(CUSIP Number)
February 14, 2001
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed: [ ] Rule 13d-1(b) [ x ] Rule 13d-1(c) [ ] Rule 13d-1(d)
*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 in 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).
CUSIP NO. 517924106
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1. Names of Reporting Persons.
I.R.S. Identification Nos. Of Above Persons (entities only): Michael A.
Roth and Brian J. Stark (filing as joint filers pursuant to Rule 13d-1(k)
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2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization: United States
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Number of Shares Beneficially Owned by 5. Sole Voting Power 2,372,765*
Each Reporting Person With:
6. Shared Voting Power 0
7. Sole Dispositive Power 2,372,765*
8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting
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Person: 2,372,765*
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): Not Applicable
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11. Percent of Class Represented by Amount in Row (9): 9.9%*
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12. Type of Reporting Person (See Instructions): IN
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* BayStar Capital, L.P. ("BayStar"), a Delaware limited partnership,
beneficially owns (i) 1,333,000 shares of Lasersight Incorporated (the
"Issuer") common stock, par value $.001 (the "Common Stock"); and (ii)
warrants to purchase 400,000 shares of Common Stock (the "Warrants").
BayStar International, Ltd. ("International"), a corporation organized as a
limited company under the laws of the British Virgin Islands, beneficially
owns (i) 634,921 shares of Common Stock; and (ii) Warrants to purchase
200,000 shares of Common Stock. Stark International ("Stark"), a Bermuda
general partnership, beneficially owns Warrants to purchase 239,414 shares
of Common Stock. Shepherd Investment International Limited ("Shepherd"), a
British Virgin Islands corporation, beneficially owns Warrants to purchase
219,414 shares of Common Stock. The Warrants held by each of BayStar and
International may only be exercised at such time as Baystar, International,
Stark, and Shepherd (together "the Entities"), in the aggregate, own less
than 4.9% of the issued and outstanding Common Stock. The Warrants held by
each of Stark and Shepherd may only be exercised at such time as the
Entities, in the aggregate, own less than 9.9% of the issued and
outstanding Common Stock (except for Warrants to purchase 35,000 shares of
Common Stock held by Stark and Warrants to purchase 15,000 shares of Common
Stock held by Shepherd which may be exercised immediately). Therefore, for
the purposes of Rule 13d-3 under the Securities Exchange Act of 1934,
Michael A. Roth and Brian J. Stark, in their capacity as the sole members
of (i) Northbay Partners, LLC, a Wisconsin limited liability company, which
serves as both the managing member of (a) BayStar Management, LLC, the
general partner of BayStar and (b) BayStar International Management, LLC,
the investment manager of International, and (ii) Staro Asset Management,
L.L.C., a Wisconsin limited liability company, which serves as both the
managing general partner of (a) Stark and (b) the investment manager of
Shepherd, beneficially own and possesses sole voting and dispositive power
over 2,372,765 shares of Common Stock which represents 9.9% of the Issuer's
deemed issued and outstanding Common Stock.
Item 1.
(a) Name Of Issuer: Lasersight Incorporated
(b) Address of Issuer's Principal Executive Offices: 3300 University Boulevard,
Suite 140, Winter Park, Florida 32792
Item 2.
(a) Name of Person Filing: Michael A. Roth and Brian J. Stark
(b) Address of Principal Business Office or, if none, Residence: 1500 West
Market Street, Suite 200, Stark Mequon, WI 53092
(c) Citizenship: United States
(d) Title of Class of Securities: Common stock
(e) CUSIP Number: 517924106
Item 3. If this statement is filed pursuant toss.ss.240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a: Not Applicable
Item 4. Ownership.
(a) Amount beneficially owned (as of the date of this schedule): 2,372,765
(b) Percent of Class (as of the date of this schedule): 9.9%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 2,372,765
(ii) Shared power to vote or to direct the vote: 0
(iii)Sole power to dispose or to direct the disposition of :
2,372,765
(iv) Shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following space _____.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Not
Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group. Not
Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
By signing below, we certify that, to the best of our knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
such securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
August 7, 2001
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Date
/s/ Michael A. Roth
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Michael A Roth
/s/ Brian J. Stark
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Brian J. Stark
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
EXHIBIT 1
AGREEMENT AS TO JOINT FILING
Dated: August 6, 2001
The undersigned hereby agree that the Schedule 13G with respect to Lasersight
Incorporated, dated as of the date hereof, is filed on behalf of each of the
undersigned jointly pursuant to Rule 13d-1(k).
/s/ Michael A. Roth
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Michael A Roth
/s/ Brian J. Stark
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Brian J. Stark