SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------- SCHEDULE 13D Amendment No. 1 (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Programmer's Paradise, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, par value $0.01 - -------------------------------------------------------------------------------- (Title of Class of Securities) 743205106 - -------------------------------------------------------------------------------- CUSIP Number James W. Sight 8500 College Blvd. Overland Park, Kansas 66210 (913) 362-9133 with a copy to: Brent Cohen, Esq. Heller Ehrman White & McAuliffe 333 Bush Street San Francisco, California 94104 (415) 772-6052 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) April 5, 2001 (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 that is the subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box:[_] (Continued on following pages) (Page 1 of 8 Pages) CUSIP NO.743205106 13D Page 2 of 8 pages Amendment No. 1 - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 James W. Sight - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 5 [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States of America - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 205,000 shares SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 20,000 shares ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 205,000 shares PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 20,000 shares - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 225,000 shares - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.3% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ CUSIP NO.743305106 13D Page 3 of 8 Pages Amendment No. 1 - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 Carl G. Santangelo - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 5 [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States of America - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- shares SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 20,200 shares ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- shares PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 20,200 shares - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 20,200 shares - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.4% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 IN - ------------------------------------------------------------------------------ CUSIP NO.743205106 13D Page 4 of 8 Pages Amendment No. 1 - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS 1 Harold Seidel - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 5 [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States of America - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 190,000 shares SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY -0- shares ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 190,000 shares PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- shares - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 190,000 shares - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 3.6% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ CUSIP NO. 743205106 13D Page 5 of 8 pages Amendment No.1 INTRODUCTION James W. Sight, an individual, hereby files this Amendment No. 1 (the "Amendment") to the Statement on Schedule 13D (the "Statement") on behalf of the Reporting Persons (as defined under Item 2 of the Statement) identified in the Statement pursuant to the Agreement with Respect to Schedule 13D attached as Exhibit 7(1). The number of shares owned by the Reporting Persons constitute approximately 8.35% of the 5,210,125 shares of the Issuer's common stock reported as outstanding as of November 7, 2000 on the Issuer's most recent Form 10-Q, for the period ending September 30, 2000. Only those items amended are reported herein. Item 5. Interest in Securities of the Issuer. ------------------------------------- Item 5, paragraphs (a) and (b), is amended to read as follows: (a) and (b) The aggregate number of Shares and percentage of Common Stock of the Issuer (based upon the representation of the Issuer in the 10-Q for the period ending September 30, 2000 that it had 5,210,125 shares of Common Stock outstanding as of November 7, 2000) beneficially owned by the Reporting Person named in Item 2, as well as the number of shares of Common Stock as to which such person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or direct the disposition, is set forth in the following table. CUSIP NO. 743205106 13D Page 6 of 8 pages Amendment No.1
=========================================================================================================== Reporting Person No. of Shares Percentage Power to Vote Power to Dispose Beneficially of Class Shared Sole Shared Sole Owned - ----------------------------------------------------------------------------------------------------------- James W. Sight 225,000 4.3% 20,000 205,000 20,000 205,000 - ----------------------------------------------------------------------------------------------------------- Carl Santangelo 20,200 0.4% 20,200 -0- 20,200 -0- - ----------------------------------------------------------------------------------------------------------- Harold Seidel 190,000 3.6% -0- 190,000 -0- 190,000 - -----------------------------------------------------------------------------------------------------------
None of the Reporting Persons shares voting or dispositive power with any other person or entity. However, Mr. Sight and Mr. Santangelo own 40,000 shares of Common Stock through Continental Racers II, Inc., a Florida corporation of which Mr. Sight and Mr. Santangelo each own 50 percent. Mr. Santangelo also owns 200 shares of Common Stock in a joint account held with his daughter. (c) Since the filing of the Statement, the Reporting Persons have effected the following transactions: Mr. Sight acquired a total of 18,200 shares of Common Stock for a total purchase price of $71,607.06 in a series of open market transactions from March 13, 2001 through April 5, 2001, as follows: Date No. of Shares Price Per Share -------------------------------------------------- 3/13/01 2,100 $4.19 3/13/01 1,100 $4.25 3/15/01 800 $3.63 3/19/01 4,200 $3.75 3/28/01 1,000 $3.69 4/5/01 4,000 $3.75 CUSIP NO. 743205106 13D Page 7 of 8 pages Amendment No. 1 Mr. Seidel acquired 40,000 shares of Common Stock for a price of $159,165.81 through the following series of open market transactions between March 16, 2001 and April 5, 2001: Date No. of Shares Price Per Share ---------------------------------------------- 3/16/01 15,800 $3.69 3/21/01 500 $3.69 3/27/01 3,200 $4.00 3/27/01 500 $3.94 3/28/01 5,000 $4.00 4/2/01 2,400 $3.75 4/3/01 3,000 $3.56 4/3/01 2,700 $3.63 4/4/01 1,900 $3.56 To the best knowledge of each of the Reporting Persons, no person described in paragraph (a) of this Item 5 has effected any transaction in the Common Stock of the Issuer since the date of the filing of the Statement other than as set forth above. (d) To the best knowledge of each of the Reporting Persons, as to his own respective shares, no person other than the Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Issuer. (e) Not applicable. CUSIP NO. 743205106 13D Page 8 of 8 pages SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: April 6, 2001 By: /s/ James W. Sight --------------------- James W. Sight