UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person Stephen D. Weinroth, Andersen, Weinroth
& Co. L.P., 1330 Avenue of the Americas, 36th Floor, New York, New York 10036
2. Date of Event Requiring Statement (Month/Day/Year) June 11, 2002
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
FIELDS TECHNOLOGIES, Inc.
FLDT
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X )
Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by
One Reporting Person ( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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Common Stock |(1) |I | (1) |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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Warrant to Purchase |6/11/02 |3/27/05 |Common Stock (1) |(1) |$0.1725 |I | (1) |
Common Stock | | | | | | | |
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(1) AW Fields Acquisition, LLC ("AW Fields") is the direct beneficial
owner of 11,666,667 shares of Common Stock and a warrant to purchase an
additional 11,666,667 shares of Common Stock for $0.1725 a share. The
management of AW Fields is vested in its Class 1 Member, AWEE II, LLC
("AWEE"); the management of AWEE is vested in its Class 1 Member,
Andersen, Weinroth & Co., L.P. ("AW"); and the management of AW is vested
in its general partner, A.W. & Co. GP Inc., which is wholly-owned by the
Reporting Person and G. Chris Andersen. Accordingly, for purposes of Rule
16a-1(a)(1), each of the Reporting Person and G. Chris Andersen may be
deemed the beneficial owner of the shares of Common Stock beneficially
owned by AW Fields.
As the Class 1 Member of AW Fields, AWEE is entitled to 20% of all
distributions of cash and other property by AW Fields, after the other
members of AW Fields have received cash and other property from AW Fields
having an aggregate fair value equal to $1,750,000 plus an amount in the
nature of interest on $1,750,000, compounded semiannually, at the rate of
10% a year. At present, AW is entitled to all cash and other property
distributions AWEE receives from AW Fields. For purposes of Rule
16a-1(a)(2), the Reporting Person, through his interest in AW, may be
deemed to have an indirect pecuniary interest in such cash and other
property distributions.
SIGNATURE OF REPORTING PERSON
/s/ Stephen D. Weinroth
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Stephen D. Weinroth
DATE
June 12, 2002
End of Filing