SC 13G 1 srz9179225v2.txt WIRE ONE TECHNOLOGIES, INC. SC 13G SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) Amendment No. 1 WIRE ONE TECHNOLOGIES, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 926707100 (CUSIP Number) December 31, 2001 (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 purposes 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. 926707100 13G Page 2 of 10 Pages ---------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Portside Growth and Opportunity Fund* ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands ------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ___________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 399,250 shares of Common Stock /1/ OWNED BY ___________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ___________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] ------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 1.6%. ------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON ** CO ------------------------------------------------------------------------ * Formerly known as Peconic Fund, Ltd. /1/ Calculated as follows: the sum of (i) 75,000 shares of Common Stock; and (ii) 324,250 shares of Common Stock issuable upon exercise of the Warrants to purchase Common Stock. ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 926707100 13G Page 3 of 10 Pages ------------------------------------------------------------------------ (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ramius Capital Group, L.L.C. ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 399,250 shares of Common Stock /1/ OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] ------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 1.6%. ------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON ** IA ------------------------------------------------------------------------ /1/ Calculated as follows: the sum of (i) 75,000 shares of Common Stock; and (ii) 324,250 shares of Common Stock issuable upon exercise of the Warrants to purchase Common Stock. ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 926707100 13G Page 4 of 10 Pages ------------------------------------------------------------------------ (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) C4S & Co., L.L.C. ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 399,250 shares of Common Stock /1/ OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] ------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 1.6%. ------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON ** OO ------------------------------------------------------------------------ /1/ Calculated as follows: the sum of (i) 75,000 shares of Common Stock; and (ii) 324,250 shares of Common Stock issuable upon exercise of the Warrants to purchase Common Stock. ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 926707100 13G Page 5 of 10 Pages ------------------------------------------------------------------------ (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Peter A. Cohen ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 399,250 shares of Common Stock /1/ OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] ------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 1.6%. ------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON ** IN, HC ------------------------------------------------------------------------ /1/ Calculated as follows: the sum of (i) 75,000 shares of Common Stock; and (ii) 324,250 shares of Common Stock issuable upon exercise of the Warrants to purchase Common Stock. ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 926707100 13G Page 6 of 10 Pages ------------------------------------------------------------------------ (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Morgan B. Stark ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 399,250 shares of Common Stock /1/ OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] ------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 1.6%. ------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON ** IN, HC ------------------------------------------------------------------------ /1/ Calculated as follows: the sum of (i) 75,000 shares of Common Stock; and (ii) 324,250 shares of Common Stock issuable upon exercise of the Warrants to purchase Common Stock. ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 926707100 13G Page 7 of 10 Pages ------------------------------------------------------------------------ (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Thomas W. Strauss ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States ------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER -0- SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 399,250 shares of Common Stock /1/ OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 399,250 shares of Common Stock /1/ ------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] ------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 1.6%. ------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON ** IN, HC ------------------------------------------------------------------------ /1/ Calculated as follows: the sum of (i) 75,000 shares of Common Stock; and (ii) 324,250 shares of Common Stock issuable upon exercise of the Warrants to purchase Common Stock. ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 926707100 13G Page 8 of 10 Pages This Amendment No. 1 amends the statement on Schedule 13G which was filed on July 5, 2001 (the "Schedule 13G") by the undersigned with respect to shares of common stock, par value $0.0001 per share (the "Common Stock") of Wire One Technologies, Inc. (the "Company"), a Delaware corporation. Capitalized terms used herein and not otherwise defined in this Amendment have the meanings set forth in the Schedule 13G. Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13G. This Amendment only amends Items 4 and 5. Item 4. OWNERSHIP Item 4 is hereby replaced in its entirety with the following: A. Portside Growth and Opportunity Fund, formerly known as Peconic Fund, Ltd. (a) Amount beneficially owned: 399,250 (b) Percent of class: approximately 1.6%. (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 399,250 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 399,250 B. Ramius Capital Group, L.L.C. (a) Amount beneficially owned: 399,250 (b) Percent of class: approximately 1.6%. (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 399,250 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 399,250 C. C4S& Co., L.L.C. (a) Amount beneficially owned: 399,250 (b) Percent of class: approximately 1.6%. (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 399,250 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 399,250 D. Peter A. Cohen (a) Amount beneficially owned: 399,250 (b) Percent of class: approximately 1.6%. (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 399,250 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 399,250 E. Morgan B. Stark (a) Amount beneficially owned: 399,250 (b) Percent of class: approximately 1.6%. (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 399,250 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 399,250 CUSIP No. 926707100 13G Page 9 of 10 Pages Item 5. Ownership of Five Percent or Less of a Class. Item 5 is hereby replaced in its entirety with the following: 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 5 percent of the class of securities, check the following [X]. CUSIP No. 926707100 13G Page 10 of 10 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 14, 2002 Portside Growth and Opportunity Fund By: Ramius Capital Group, L.L.C. By: C4S & Co., L.L.C. as Managing Member By: Morgan B. Stark as Managing Member By: /s/ Morgan B. Stark ------------------------------------- Ramius Capital Group, L.L.C. By: C4S & Co., L.L.C. as Managing Member By: Morgan B. Stark as Managing Member By: /s/ Morgan B. Stark ------------------------------------- C4S & Co., L.L.C. By: Morgan B. Stark as Managing Member By: /s/ Morgan B. Stark ------------------------------------- Peter A. Cohen By: /s/ Peter A. Cohen ------------------------------------- Morgan B. Stark By: /s/ Morgan B. Stark ------------------------------------ Thomas W. Strauss By: /s/ Thomas W. Strauss -------------------------------------