UNITED
STATES
SECURITIES
AND 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.2)*
Jesup & Lamont,
Inc.
(Name
of Issuer)
Common Stock, $.01 par
value
(Title
of Class of Securities)
291658 10
2
(CUSIP
Number)
December 31,
2009
(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)
[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 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).
(Continued
on the Following Pages)
1. NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Corsair
Capital Partners, L.P.
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE
VOTING POWER
0
6. SHARED
VOTING POWER
745,418
7. SOLE
DISPOSITIVE POWER
0
8. SHARED
DISPOSITIVE POWER
745,418
9. AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
745,418
10. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.2%
12. TYPE
OF REPORTING PERSON*
PN
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
1. NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Corsair
Capital Partners 100, L.P.
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE
VOTING POWER
0
6. SHARED
VOTING POWER
46,359
7. SOLE
DISPOSITIVE POWER
0
8. SHARED
DISPOSITIVE POWER
46,359
9. AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,359
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
%
12. TYPE
OF REPORTING PERSON*
PN
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
1. NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Corsair
Capital Investors, Ltd.
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE
VOTING POWER
0
6. SHARED
VOTING POWER
97,312
7. SOLE
DISPOSITIVE POWER
0
8. SHARED
DISPOSITIVE POWER
97,312
9. AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
97,312
10. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4%
12. TYPE
OF REPORTING PERSON*
CO
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
1. NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Corsair
Capital Management, 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE
VOTING POWER
0
6. SHARED
VOTING POWER
889,089
7. SOLE
DISPOSITIVE POWER
0
8. SHARED
DISPOSITIVE POWER
889,089
9. AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
889,089
10. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.8%
12. TYPE
OF REPORTING PERSON*
OO
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
1. NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jay
R. Petschek
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE
VOTING POWER
152,420
6. SHARED
VOTING POWER
889,089
7. SOLE
DISPOSITIVE POWER
152,420
8. SHARED
DISPOSITIVE POWER
889,089
9. AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,041,509
10. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5%
12. TYPE
OF REPORTING PERSON*
IN
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
1. NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Steven
Major
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE
VOTING POWER
0
6. SHARED
VOTING POWER
889,089
7. SOLE
DISPOSITIVE POWER
0
8. SHARED
DISPOSITIVE POWER
889,089
9. AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
889,089
10. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.8%
12. TYPE
OF REPORTING PERSON*
IN
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
This
statement is filed with respect to the common stock (“Common Stock”) of Jesup
& Lamont, Inc. (the “Issuer”) beneficially owned by the Reporting Persons
identified below as of December 31, 2009, and amends and supplements the
Schedule 13G originally filed by the Reporting Persons on May 23, 2008, as
previously amended (collectively, the "Schedule 13G"). Except as set
forth herein, the Schedule 13G is unmodified.
The
names of the persons filing this statement on Schedule 13G are: Corsair Capital
Partners, L.P. (“Corsair Capital”), Corsair Capital Partners 100, L.P. (“Corsair
100”), Corsair Capital Investors, Ltd. (“Corsair Investors”), Corsair Capital
Management, L.L.C. (“Corsair Management”), Jay R. Petschek (“Mr. Petschek”) and
Steven Major (“Mr. Major” and collectively, the “Reporting
Persons”). Corsair Management is the investment manager of Corsair
Capital, Corsair 100 and Corsair Investors. Messrs. Petschek and
Major are the controlling persons of Corsair Management.
ITEM
4. OWNERSHIP.
Provide
the following information regarding the aggregate number and
percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount
beneficially owned:
Corsair
Capital individually beneficially owns 745,418 shares of Common Stock,
consisting of: (i) 516,787 shares of Common Stock, and (ii) warrants exercisable
for 228,631 shares of Common Stock.
Corsair
100 individually beneficially owns 46,359 shares of Common Stock, consisting of:
(i) 31,117 shares of Common Stock, and (ii) warrants exercisable for 15,242
shares of Common Stock.
Corsair
Investors individually beneficially owns 97,312 shares of Common Stock,
consisting of: (i) 66,828 shares of Common Stock, and (ii) warrants exercisable
for 30,484 shares of Common Stock.
Corsair
Management, as the investment manager of each of Corsair Capital, Corsair 100
and Corsair Investors, is deemed to beneficially own the 889,089 shares of
Common Stock beneficially owned by them.
Mr.
Petschek, as a controlling person of Corsair Management, is deemed to
beneficially own the 889,089 shares of Common Stock beneficially owned by
Corsair Management, and an additional 152,420 shares of Common Stock that
he owns personally (comprised of 121,936 shares of Common Stock and warrants
exerciseable for 30,484 shares of Common Stock).
Mr.
Major, as a controlling person of Corsair Management, is deemed to beneficially
own the 889,089 shares of Common Stock beneficially owned by Corsair
Management.
Collectively,
the Reporting Persons beneficially own 1,041,509 shares of Common
Stock.
Corsair
Capital’s ownership of 745,418 shares of Common Stock represents 3.2% of all the
outstanding shares of Common Stock.
Corsair
100’s ownership of 46,359 shares of Common Stock represents 0.2% of all the
outstanding shares of Common Stock.
Corsair
Investors’ ownership of 97,312 shares of Common Stock represents 0.4% of all the
outstanding shares of Common Stock.
Corsair
Management’s beneficial ownership of 889,089 shares of Common Stock represents
3.8% of all the outstanding shares of Common Stock.
The 1,041,509
shares of Common Stock deemed to be beneficially owned by Mr. Petschek represent
4.5% of all the outstanding shares of Common Stock.
The
889,089 shares of Common Stock deemed to be beneficially owned by Mr. Major
represent 3.8% of all the outstanding shares of Common Stock.
Collectively,
the Reporting Persons beneficially own 1,041,509 shares of Common Stock
representing 4.5% of all the outstanding shares of Common Stock.
(c) Number
of shares as to which such person has:
|
(i)
|
Sole
power to vote or to direct the vote
|
Jay
Petschek has sole power to vote or to direct the vote of the 152,420 shares of
Common Stock that he individually beneficially owns personally.
|
(ii)
|
Shared
power to vote or to direct the vote of shares of Common
Stock:
|
Corsair
Capital, Corsair Management, Mr. Petschek and Mr. Major have shared power to
vote or direct the vote of 745,418 shares of Common Stock.
Corsair
100, Corsair Management, Mr. Petschek and Mr. Major have the shared power to
vote or direct the vote of 46,359 shares of Common Stock.
Corsair
Investors, Corsair Management, Mr. Petschek and Mr. Major have shared power to
vote or direct the vote of 97,312 shares of Common Stock.
|
(iii)
|
Sole
power to dispose or to direct the disposition of shares of Common
Stock:
|
Jay
Petschek has sole power to vote or to direct the disposition of the 152,420
shares of Common Stock that he individually beneficially owns
personally.
|
(iv)
|
Shared
power to dispose or to direct the disposition of shares of Common
Stock:
|
Corsair
Capital, Corsair Management, Mr. Petschek and Mr. Major have the power to
dispose or to direct the disposition of 745,418 shares of Common
Stock.
Corsair
100, Corsair Management, Mr. Petschek and Mr. Major have the power to dispose or
to direct the disposition of 46,359 shares of Common Stock.
Corsair
Investors, Corsair Management, Mr. Petschek and Mr. Major have the power to
dispose or to direct the disposition of 97,312 shares of Common
Stock.
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 Persons have ceased to
be the beneficial owner of more than five percent of the class of securities,
check the following [X].
ITEM
10. CERTIFICATION.
By
signing below the undersigned certifies that, to the best of its or his
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.
SIGNATURE
After
reasonable inquiry and to the best of its or his knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete, and correct.
Dated: February
16, 2010
CORSAIR
CAPITAL PARTNERS, L.P.
By: Corsair
Capital Advisors, L.L.C.,
General Partner
By:
/s/ Jay Petschek
Jay Petschek, Managing Member
CORSAIR
CAPITAL INVESTORS, LTD.
By: Corsair
Capital Management, L.L.C.,
Director
By:
/s/ Jay Petschek
Jay Petschek, Managing Member
CORSAIR
CAPITAL PARTNERS 100, L.P.
By: Corsair
Capital Advisors, L.L.C.,
General
Partner
By:
/s/ Jay Petschek
Jay Petschek, Managing Member
CORSAIR
CAPITAL MANAGEMENT, L.L.C.
By:
/s/ Jay Petschek
Jay Petschek, Managing Member
/s/
Jay Petschek
Jay Petschek
/s/
Steven Major
Steven Major
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