sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. )*
CallWave Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.0001 PER SHARE
--------------------------------------------------------------------------------
(Title of Class of Securities)
13126N 10 1
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2004
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
--------------
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/ x/ 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 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. 13126N 10 1 13G Page 2 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Rubenstein
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 169,999 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
1,157,265 shares (1)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
169,999 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,157,265 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,327,264 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
(1) Includes (a) 15,000 shares of Common Stock issuable upon exercise of
warrants to purchase shares of Common Stock beneficially held by Seneca
Ventures; (b) 15,000 shares of Common Stock issuable upon exercise of warrants
to purchase Common Stock beneficially held by Woodland Venture Fund; (c) 11,250
shares of Common Stock issuable upon exercise of warrants to purchase shares of
Common Stock beneficially held by Woodland Partners; and (d) 7,500 shares of
Common Stock issuable upon exercise of warrants to purchase shares of Common
Stock beneficially held by Brookwood Partners, L.P. Mr. Rubenstein disclaims
beneficial ownership of the securities held by Seneca Ventures, Woodland Venture
Fund, Woodland Partners and Brookwood Partners, L.P., except to the extent of
his respective equity interest therein.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 3 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 114,783 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
9,724 shares (1)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
114,783 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,724 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
124,507 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes 9,724 shares of Common Stock held by Wheatley Foreign Partners,
L.P. Wheatley Partners, L.P. disclaims beneficial ownership of the securities
held by Wheatley Foreign Partners, L.P.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 4 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Foreign Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 9,724 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
114,783 shares (1)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
9,724 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
114,783 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
124,507 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes 114,783 shares of Common Stock held by Wheatley Partners, L.P.
Wheatley Foreign Partners, L.P. disclaims beneficial ownership of the securities
held by Wheatley Partners, L.P.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 5 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners II, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 59,912 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
59,912 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,912 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 6 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Partners III, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 401,971 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
173,937 shares (1)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
401,971 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
173,937 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
575,908 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes (a) 85,971 shares of Common Stock held by Wheatley Foreign Partners
III, L.P. and (b) 87,966 shares of Common Stock held by Wheatley Associates III,
L.P. Wheatley Partners III, L.P. disclaims beneficial ownership of the
securities held by Wheatley Foreign Partners III, L.P. and Wheatley Associates
III, L.P.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 7 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Associates III, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 87,966 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
487,942 shares (1)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
87,966 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
487,942 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
575,908 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes (a) 401,971 shares of Common Stock held by Wheatley Partners III,
L.P. and (b) 85,971 shares of Common Stock held by Wheatley Foreign Partners
III, L.P. Wheatley Associates III, L.P. disclaims beneficial ownership of the
securities held by Wheatley Partners III, L.P. and Wheatley Foreign Partners
III, L.P.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 8 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley Foreign Partners III, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 85,971 shares
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
489,937 shares (1)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
85,971 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
489,937 shares (1)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
575,908 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes (a) 401,971 shares of Common Stock held by Wheatley Partners III,
L.P. and (b) 87,966 shares of Common Stock held by Wheatley Associates III, L.P.
Wheatley Foreign Partners III, L.P. disclaims beneficial ownership of the
securities held by Wheatley Partners III, L.P. and Wheatley Associates III, L.P.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 9 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Irwin Lieber
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 59,161 shares (1)
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
760,327 shares (2)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
59,161 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
760,327 shares (2)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
819,488 shares (1) (2)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
(1) Includes 11,250 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
(2) Includes (a) 114,783 shares of Common Stock held by Wheatley Partners, L.P.,
(b) 9,724 shares of Common Stock held by Wheatley Foreign Partners, L.P., (c)
59,912 shares of Common Stock held by Wheatley Partners II, L.P., (d) 401,971
shares of Common Stock held by Wheatley Partners III, L.P., (e) 85,971 shares of
Common Stock held by Wheatley Foreign Partners III, L.P. and (f) 87,966 shares
of Common Stock held by Wheatley Associates III, L.P. Mr. Lieber disclaims
beneficial ownership of the securities held by Wheatley Partners, L.P., Wheatley
Foreign Partners, L.P., Wheatley Partners II, L.P., Wheatley Partners III, L.P.,
Wheatley Foreign Partners III, L.P. and Wheatley Associates III, L.P., except to
the extent of his respective equity interest therein.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 10 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Fingerhut
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 59,161 shares (1)
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
760,327 shares (2)
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
59,161 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
760,327 shares (2)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
819,488 shares (1) (2)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
(1) Includes 11,250 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
(2) Includes (a) 114,783 shares of Common Stock held by Wheatley Partners, L.P.,
(b) 9,724 shares of Common Stock held by Wheatley Foreign Partners, L.P., (c)
59,912 shares of Common Stock held by Wheatley Partners II, L.P., (d) 401,971
shares of Common Stock held by Wheatley Partners III, L.P., (e) 85,971 shares of
Common Stock held by Wheatley Foreign Partners III, L.P. and (f) 87,966 shares
of Common Stock held by Wheatley Associates III, L.P. Mr. Fingerhut disclaims
beneficial ownership of the securities held by Wheatley Partners, L.P., Wheatley
Foreign Partners, L.P., Wheatley Partners II, L.P., Wheatley Partners III, L.P.,
Wheatley Foreign Partners III, L.P. and Wheatley Associates III, L.P., except to
the extent of his respective equity interest therein.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 11 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Applegreen Partners L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 15,556 shares (1)
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
15,556 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,556 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes 3,750 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 12 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brookwood Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 31,112 shares (1)
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
31,112 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,112 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes 7,500 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 13 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 109,579 shares (1)
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
109,579 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
109,579 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes 15,000 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 14 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 134,579 shares (1)
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
134,579 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
134,579 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes 15,000 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 15 of 31 Pages
-------------------------- ---------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 121,668 shares (1)
OWNED BY EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
121,668 shares (1)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
121,668 shares (1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
(1) Includes 11,250 shares of Common Stock issuable upon exercise of warrants to
purchase shares of Common Stock.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 16 of 31 Pages
-------------------------- ---------------------------
Item 1.
(a) Name of Issuer: CallWave Inc.
(b) Address of Issuer's Principal Executive Offices:
136 West Canon Perdido Street, Suite A
Santa Barbara California 93101
Item 2.
1. (a) Name of Person Filing: Barry Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
2. (a) Name of Person Filing: Wheatley Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
3. (a) Name of Person Filing: Wheatley Foreign Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
4. (a) Name of Person Filing: Wheatley Partners II, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: New York
(e) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
5. (a) Name of Person Filing: Wheatley Partners III, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(f) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
6. (a) Name of Person Filing: Wheatley Foreign Partners III, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(g) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 17 of 31 Pages
-------------------------- ---------------------------
7. (a) Name of Person Filing: Wheatley Associates III, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(h) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
8. (a) Name of Person Filing: Irwin Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
9. (a) Name of Person Filing: Barry Fingerhut
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
10. (a) Name of Person Filing: Brookwood Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
11. (a) Name of Person Filing: Seneca Ventures
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
12. (a) Name of Person Filing: Woodland Venture Fund
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
13. (a) Name of Person Filing: Woodland Partners
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 18 of 31 Pages
-------------------------- ---------------------------
14. (a) Name of Person Filing: Applegreen Partners
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
The following individuals or entities are identified in this Schedule 13G
due to their relationships with one or more of the Reporting Persons disclosed
above. The following persons or entities are not Reporting Persons for purposes
of this Schedule 13G.
Affiliates of Wheatley Partners, L.P., but who do not directly beneficially
own shares of Common Stock of the Issuer.
15. (a) Name of Person Filing: Jonathan Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
16. (a) Name of Person Filing: Seth Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
17. (a) Name of Person Filing: Wheatley Partners, LLC
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
Affiliates of Wheatley Partners III, L.P., but who do not directly
beneficially own shares of Common Stock of the Issuer.
18. (a) Name of Person Filing: Nancy Casey
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
19. (a) Name of Person Filing: Wheatley Partners III, LLC
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 19 of 31 Pages
-------------------------- ---------------------------
Affiliates of Barry Rubenstein, but who do not directly beneficially own
shares of Common Stock of the Issuer.
20. (a) Name of Person Filing: Marilyn Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
21. (a) Name of Person Filing: Woodland Services Corp.
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Common Stock, par value $.0001
per share
(e) CUSIP Number: 13126N 10 1
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
/x/ Not Applicable
(a) / / Broker or dealer registered under Section 15 of the Exchange
Act.
(b) / / Bank as defined in section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in section 3(a)(19) of the
Exchange Act.
(d) / / Investment company registered under section 8 of the
Investment Company Act.
(e) / / An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership - The number of shares of Common Stock shown below
reflect the 3:5 reverse stock split effected by the Issuer as of September
30, 2004. The percentages of beneficial ownership shown below are based on
19,010,342 shares of Common Stock outstanding as of September 30, 2004 as
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 20 of 31 Pages
-------------------------- ---------------------------
reported in the Issuer's quarterly report for the period ended September
30, 2004 on Form 10-QSB.
1. Barry Rubenstein
(a) Amount Beneficially Owned: 1,327,264 shares.
(b) Percent of Class: 7.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 169,999 shares.
(ii) shared power to vote or direct the vote: 1,157,265
shares.
(iii) sole power to dispose or direct the disposition of:
169,999 shares.
(iv) shared power to dispose or direct the disposition of:
1,157,265 shares.
2. Wheatley Partners, L.P.
(a) Amount Beneficially Owned: 124,507 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 114,783 shares.
(ii) shared power to vote or direct the vote: 9,724 shares.
(iii) sole power to dispose or direct the disposition of:
114,783 shares.
(iv) shared power to dispose or direct the disposition of:
9,724 shares.
3. Wheatley Foreign Partners, L.P.
(a) Amount Beneficially Owned: 124,507 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 9,724 shares.
(ii) shared power to vote or direct the vote: 114,783 shares.
(iii) sole power to dispose or direct the disposition of: 9,724
shares.
(iv) shared power to dispose or direct the disposition of:
114,783 shares.
4. Wheatley Partners II, L.P.
(a) Amount Beneficially Owned: 59,912 shares.
(b) Percent of Class: 0.3%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 59,912 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
59,912 shares.
(iv) shared power to dispose or direct the disposition of: 0
shares.
5. Wheatley Partners III, L.P.
(a) Amount Beneficially Owned: 575,908 shares.
(b) Percent of Class: 3.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 401,971 shares.
(ii) shared power to vote or direct the vote: 173,937 shares.
(iii) sole power to dispose or direct the disposition of:
401,971 shares.
(iv) shared power to dispose or direct the disposition of:
173,937 shares.
6. Wheatley Foreign Partners III, L.P.
(a) Amount Beneficially Owned: 575,908 shares.
(b) Percent of Class: 3.0%.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 21 of 31 Pages
-------------------------- ---------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 85,971 shares.
(ii) shared power to vote or direct the vote: 489,937 shares.
(iii) sole power to dispose or direct the disposition of:
85,971 shares.
(iv) shared power to dispose or direct the disposition of:
489,937 shares.
7. Wheatley Associates III, L.P.
(a) Amount Beneficially Owned: 575,908 shares.
(b) Percent of Class: 3.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 87,966 shares.
(ii) shared power to vote or direct the vote: 487,942 shares.
(iii) sole power to dispose or direct the disposition of:
87,966 shares.
(iv) shared power to dispose or direct the disposition of:
487,942 shares.
8. Irwin Lieber
(a) Amount Beneficially Owned: 819,488 shares.
(b) Percent of Class: 4.3%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 59,161 shares.
(ii) shared power to vote or direct the vote: 760,327 shares.
(iii) sole power to dispose or direct the disposition of:
59,161 shares.
(iv) shared power to dispose or direct the disposition of:
760,327 shares.
9. Barry Fingerhut
(a) Amount Beneficially Owned: 819,488 shares.
(b) Percent of Class: 4.3%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 59,161 shares.
(ii) shared power to vote or direct the vote: 760,327 shares.
(iii) sole power to dispose or direct the disposition of:
59,161 shares.
(iv) shared power to dispose or direct the disposition of:
760,327 shares.
10. Brookwood Partners, L.P.
(a) Amount Beneficially Owned: 31,112 shares.
(b) Percent of Class: 0.2%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 31,112 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
31,112 shares.
(iv) shared power to dispose or direct the disposition of: 0
shares.
11. Seneca Ventures
(a) Amount Beneficially Owned: 109,579 shares.
(b) Percent of Class: 0.6%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 109,579 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
109,579 shares.
(iv) shared power to dispose or direct the disposition of: 0
shares.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 22 of 31 Pages
-------------------------- ---------------------------
12. Woodland Venture Fund
(a) Amount Beneficially Owned: 134,579 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 134,579 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
134,579 shares.
(iv) shared power to dispose or direct the disposition of: 0
shares.
13. Woodland Partners
(a) Amount Beneficially Owned: 121,668 shares.
(b) Percent of Class: 0.6%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 121,668 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
121,668 shares.
(iv) shared power to dispose or direct the disposition of: 0
shares.
14. Applegreen Partners
(a) Amount Beneficially Owned: 15,556 shares.
(b) Percent of Class: 0.1%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 15,556 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
15,556 shares.
(iv) shared power to dispose or direct the disposition of: 0
shares.
The following individuals or entities are identified in this Schedule 13G
due to their relationships with one or more of the Reporting Persons disclosed
above. The following persons or entities are not Reporting Persons for purposes
of this Schedule 13G.
Affiliates of Wheatley Partners, L.P., but who do not directly beneficially
own shares of Common Stock of the Issuer:
15. Jonathan Lieber
(a) Amount Beneficially Owned: 775,883 shares.
(b) Percent of Class: 4.1%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 775,883 shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
775,883 shares.
16. Seth Lieber
(a) Amount Beneficially Owned: 775,883 shares.
(b) Percent of Class: 4.1%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 775,883 shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
775,883 shares.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 23 of 31 Pages
-------------------------- ---------------------------
17. Wheatley Partners, LLC
(a) Amount Beneficially Owned: 124,507 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 124,507 shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(v) shared power to dispose or direct the disposition of:
124,507 shares.
Affiliates of Wheatley Partners III, L.P., but who do not directly beneficially own shares of Common Stock of the Issuer:
18. Nancy Casey
(a) Amount Beneficially Owned: 575,908 shares.
(b) Percent of Class: 3.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 575,908 shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
575,908 shares.
19. Wheatley Partners III, LLC
(a) Amount Beneficially Owned: 575,908 shares.
(b) Percent of Class: 3.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 575,908 shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
575,908 shares.
Affiliates of Barry Rubenstein, but who do not directly beneficially own shares of Common Stock of the Issuer:
20. Marilyn Rubenstein
(a) Amount Beneficially Owned: 396,938 shares.
(b) Percent of Class: 2.1%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 396,938 shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
396,938 shares.
21. Woodland Services Corp.
(a) Amount Beneficially Owned: 244,158 shares.
(b) Percent of Class: 1.3%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 244,158 shares.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 24 of 31 Pages
-------------------------- ---------------------------
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
244,158 shares.
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 [ ].
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 I certify that, to the best of my 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 the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
[The remainder of this page was intentionally left blank.]
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 25 of 31 Pages
-------------------------- ---------------------------
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 19, 2005
WHEATLEY PARTNERS, L.P.
By: Wheatley Partners, LLC,
the General Partner
By: /s/ Irwin Lieber
--------------------
Name: Irwin Lieber
Title: President
WHEATLEY FOREIGN PARTNERS, L.P.
By: Wheatley Partners, LLC,
a General Partner
By: /s/ Irwin Lieber
----------------------
Name: Irwin Lieber
Title: President
WHEATLEY PARTNERS II, L.P.
By: /s/ Irwin Lieber
----------------------
Name: Irwin Lieber
Title: General Partner
WHEATLEY PARTNERS III, L.P.
By: Wheatley Partners III, LLC,
the General Partner
By: /s/ Irwin Lieber
----------------------
Name: Irwin Lieber
Title: President
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 26 of 31 Pages
-------------------------- ---------------------------
WHEATLEY FOREIGN PARTNERS III, L.P.
By: Wheatley Partners III, LLC,
a General Partner
By: /s/ Irwin Lieber
----------------------
Name: Irwin Lieber
Title: President
WHEATLEY ASSOCIATES III, L.P.
By: Wheatley Partners III, LLC,
the General Partner
By: /s/ Irwin Lieber
----------------------
Name: Irwin Lieber
Title: President
/s/ Irwin Lieber
---------------------------------
Irwin Lieber
/s/ Barry Fingerhut
---------------------------------
Barry Fingerhut
/s/ Barry Fingerhut
---------------------------------
Barry Rubenstein
APPLEGREEN PARTNERS, L.P.
By: /s/ Jonathan Leiber
-----------------------
Name: Jonathan Leiber
Title: General Partner
BROOKWOOD PARTNERS, L.P.
By: /s/ Barry Rubenstein
-----------------------
Name: Barry Rubenstein
Title: General Partner
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 27 of 31 Pages
-------------------------- ---------------------------
SENECA VENTURES
By: /s/ Barry Rubenstein
-----------------------
Name: Barry Rubenstein
Title: General Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
-----------------------
Name: Barry Rubenstein
Title: General Partner
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
-----------------------
Name: Barry Rubenstein
Title: General Partner
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 28 of 31 Pages
-------------------------- ---------------------------
EXHIBIT INDEX
The following document is filed herewith:
(a) Joint Filing Agreement dated as of January 19, 2005 among Wheatley
Partners, L.P., Wheatley Foreign Partners, L.P., Wheatley Partners
II, L.P., Wheatley Partners III, L.P., Wheatley Foreign Partners
III, L.P., Wheatley Associates III, L.P., Applegreen Partners,
L.P., Irwin Lieber, Barry Fingerhut, Brookwood Partners, L.P.,
Seneca Ventures, Woodland Partners, Woodland Venture Fund and
Barry Rubenstein.
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 29 of 31 Pages
-------------------------- ---------------------------
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G,
dated January 19, 2005 with respect to the shares of Common Stock of CallWave,
Inc. and any further amendments thereto executed by each and any of us shall be
filed on behalf of each of us pursuant to and in accordance with the provisions
of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.
This Agreement may be executed in separate counterparts, each of which
shall be deemed an original, but all of which shall constitute one and the same
instrument.
Dated: January 19, 2005
WHEATLEY PARTNERS, L.P.
By: Wheatley Partners, LLC,
the General Partner
By: /s/ Irwin Lieber
-----------------------
Name: Irwin Lieber
Title: President
WHEATLEY FOREIGN PARTNERS, L.P.
By: Wheatley Partners, LLC,
a General Partner
By: /s/ Irwin Lieber
-----------------------
Name: Irwin Lieber
Title: President
WHEATLEY PARTNERS II, L.P.
By: /s/ Irwin Lieber
-----------------------
Name: Irwin Lieber
Title: President
WHEATLEY PARTNERS III, L.P.
By: Wheatley Partners III, LLC,
the General Partner
By: /s/ Irwin Lieber
-----------------------
Name: Irwin Lieber
Title: President
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 30 of 31 Pages
-------------------------- ---------------------------
WHEATLEY FOREIGN PARTNERS III, L.P.
By: Wheatley Partners III, LLC,
a General Partner
By: /s/ Irwin Lieber
-----------------------
Name: Irwin Lieber
Title: President
WHEATLEY ASSOCIATES III, L.P.
By: Wheatley Partners III, LLC,
the General Partner
By: /s/ Irwin Lieber
-----------------------
Name: Irwin Lieber
Title: President
/s/ Irwin Lieber
---------------------------------
Irwin Lieber
/s/ Barry Fingerhut
---------------------------------
Barry Fingerhut
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein
APPLEGREEN PARTNERS, L.P.
By: /s/ Jonathan Lieber
-----------------------
Name: Jonathan Leiber
Title: General Partner
BROOKWOOD PARTNERS, L.P.
By: /s/ Barry Rubenstein
------------------------
Name: Barry Rubenstein
Title: General Partner
-------------------------- ----------------------------
CUSIP No. 13126N 10 1 13G Page 31 of 31 Pages
-------------------------- ---------------------------
SENECA VENTURES
By: /s/ Barry Rubenstein
------------------------
Name: Barry Rubenstein
Title: General Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
------------------------
Name: Barry Rubenstein
Title: General Partner
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
------------------------
Name: Barry Rubenstein
Title: General Partner