UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 1
under the Securities Exchange Act of 1934
PARK CITY GROUP, INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
31659S 10 7
------------------------------------
(CUSIP Number)
General Partner
Andersen, Weinroth & Co. L.P.
1330 Avenue of the Americas, 36th Floor
New York, Ndew York 10019
Telephone: 212-842-1600
with a copies to:
Edward W. Kerson, Esq.
Rabinowitz & Kerson LLP
161 Avenue of the Americas
New York, New York 10013-1205
Telephone (212) 768-1666
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 16, 2002
---------------------------------------------------------
(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), (f) or (g), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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
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 8 Pages)
CUSIP No. 31659S 10 7 Page 2 of 8 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
AW Fields Acquisition, LLC
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
Not applicable
________________________________________________________________________________
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
40,250,002
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
40,250,002
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,250,002
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.6%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
CUSIP No. 31659S 10 7 Page 3 of 8 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
G. Chris Andersen
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
Not applicable
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
40,250,002
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
40,250,002
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,250,002
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.6%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
CUSIP No. 31659S 10 7 Page 4 of 8 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
Stephen D. Weinroth
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
Not applicable
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
40,281,252
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
40,281,252
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,281,252
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
CUSIP No. 31659S 10 7 Page 5 of 8 Pages
Item 1. Security and Issuer
This Schedule 13D relates to shares of common stock, $.01 par value
("Common Stock"), of Park City Group, Inc. (formerly Fields Technologies, Inc.)
(the "Company"). The address of the principal executive office of the Company is
333 Main Street, Park City, Utah 84060.
This amendment is being filed to amend the Schedule 13D filed with
regard to the Common Stock beneficially owned by AW Fields Acquisition, LLC ("AW
Fields"), Stephen D. Weinroth, and G. Chris Andersen filed July 30, 2002. The
Schedule 13D is unchanged, except as otherwise set forth in this amendment.
Item 5. Interest in Securities of the Issuer
On July 9, 2002, the Company granted Stephen D. Weinroth an option to
purchase up to an aggregate of 125,000 shares of Common Stock for $0.08 a share.
The option is exercisable as to 31,250 shares on September 30, 2002, and as to
an additional 31,250 shares on each of December 31, 2002, March 31, 2003, and
June 30, 2003, if Mr. Weinroth is then serving as a director of the Company.
Accordingly, Mr. Weinroth currently beneficially owns 31,250 shares issuable
upon exercise of the option. If Mr. Weinroth ceases to serve as a director
before June 30, 2003, any portion of the option not then exercisable shall
terminate. The option will terminate and cease to be exercisable on July 9,
2007, unless earlier terminated in accordance with its terms.
Pursuant to Section 5.4 of the Securities Purchase Agreement dated
March 27, 2002 between AW Fields and the Company (the "SPA"), on August 16,
2002, the Company issued to AW Fields 8,458,334 shares of Common Stock,
increasing the number of shares of Common Stock beneficially owned by AW Fields
(excluding shares issuable upon exercise of the Warrant referred to below) from
11,666,667 to 20,125,001, and, pursuant to Sections 2 and 9 of the Warrant to
Purchase Common Stock (the "Warrant") issued by the Company AW Fields on June
11, 2002 pursuant to the SPA, the exercise price at which the Warrant may be
exercised was reduced from $0.1725 to $0.10, and the number of shares issuable
upon exercise of the Warrant increased from 11,666,667 to 20,125,001.
The responses of the Reporting Persons to Rows (11) through (13) of the
cover pages of this Schedule 13D are incorporated herein by reference.
Except as set forth above, none of the Reporting Persons beneficially
owns any shares of Common Stock.
Item 7. Material to be Filed as Exhibits
99.1 Joint Filing Agreement, dated September 10, 2002 among the
Reporting Persons.
CUSIP No. 31659S 10 7 Page 6 of 8 Pages
SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete, and correct.
Dated: September 10, 2002
AW FIELDS ACQUISITION, LLC
By: AWEE II, LLC, its Class 1 Member
By: ANDERSEN, WEINROTH & CO., L.P.,
Its Class 1 Member
By: A.W. & CO. GP INC., its General Partner
By: /s/ Stephen D. Weinroth
----------------------------
Name: Stephen D. Weinroth
Title: President
/s/ G. Chris Andersen
----------------------------
G. Chris Andersen
/s/ Stephen D. Weinroth
----------------------------
Stephen D. Weinroth
CUSIP No. 31659S 10 7 Page 7 of 8 Pages
Exhibit Index
99.1 Joint Filing Agreement, dated September 10, 2002 among the
Reporting Persons.
CUSIP No. 31659S 10 7 Page 8 of 8 Pages
Exhibit 99.1
JOINT FILING AGREEMENT
This will confirm the agreement among the undersigned that the Schedule
13d filed on or about this date and any amendments thereto with respect to
beneficial ownership by the undersigned of shares of common stock, $.01 par
value, of Park City Group, Inc. (formerly Fields Technologies, Inc.) is being
filed on behalf of each of the undersigned in accordance with Rule 13d-1(k)(1)
under the Securities Exchange Act of 1934.
Dated September 10, 2002
AW FIELDS ACQUISITION, LLC
By: AWEE II, LLC, its Class 1 Member
By: ANDERSEN, WEINROTH & CO., L.P.,
Its Class 1 Member
By: A.W. & CO. GP INC., its General Partner
By: /s/ Stephen D. Weinroth
-----------------------------------
Name: Stephen D. Weinroth
Title: President
/s/ G. Chris Andersen
----------------------------
G. Chris Andersen
/s/ Stephen D. Weinroth
----------------------------
Stephen D. Weinroth