kl02017.htm  


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
 
SCHEDULE 13G

 
AMENDMENT NO. 3
 
Under the Securities Exchange Act of 1934


INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
        Quepasa Corporation       
(Name of Issuer)
 
         Common Stock, par value $0.001 per share         
(Title of Class of Securities)
 
             74833W206          
(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)
ý  Rule 13d-1(c)
¨  Rule 13d-1(d)
 
                   
 

 
 
 

SCHEDULE 13G
 
CUSIP No. 74833W206                                                                                                                                           
 
1)
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
First New York Securities LLC
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)       ¨
(b)       ý
3)
SEC USE ONLY
 
 
4)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
 
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5)
SOLE VOTING POWER
 
0
6)
SHARED VOTING POWER
 
241,310
7)
SOLE DISPOSITIVE POWER
 
0
8)
SHARED DISPOSITIVE POWER
 
241,310
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
241,310
10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨
11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
1.9%
12)
TYPE OF REPORTING PERSON
 
BD

 


 
 
 

SCHEDULE 13G
 
CUSIP No. 74833W206                                                                                                                                           
 
1)
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Steven D. Heinemann
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)       ¨
(b)       ý
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
 
395,677
6)
SHARED VOTING POWER
 
147,204
7)
SOLE DISPOSITIVE POWER
 
395,677
8)
SHARED DISPOSITIVE POWER
 
147,204
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
395,677
10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
x
11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
3.1%
12)
TYPE OF REPORTING PERSON
 
IN

 

 
 
 

SCHEDULE 13G
 
CUSIP No. 74833W206                                                                                                                                           
 
1)
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Douglas Lipton
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)       ¨
(b)       ý
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
 
15,580
6)
SHARED VOTING POWER
 
147,204
7)
SOLE DISPOSITIVE POWER
 
15,580
8)
SHARED DISPOSITIVE POWER
 
147,204
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
15,580
10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
x
11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.1%
12)
TYPE OF REPORTING PERSON
 
IN

 


 
 
 

SCHEDULE 13G
 
CUSIP No. 74833W206                                                                                                                                          
 
1)
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
David Nguyen
2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)       ¨
(b)       ý
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
 
30,000
6)
SHARED VOTING POWER
 
83,406
7)
SOLE DISPOSITIVE POWER
 
30,000
8)
SHARED DISPOSITIVE POWER
 
83,406
9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
30,000
10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
x
11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.2%
12)
TYPE OF REPORTING PERSON
 
IN

 

 
 
 

Schedule 13G
 
Item 1(a).
Name of Issuer:
 
Quepasa Corporation
 
Item 1(b).
Address of Issuer’s Principal Executive Offices:
 
7550 E. Redfield Rd., Suite A
Scottsdale, AZ 85260

Item 2(a).                Name of Person Filing:
 

(1)           First New York Securities LLC (“FNYS”)
 
(2)           Steven D. Heinemann.  Mr. Heinemann is a managing member of FNYS.
 
(3)           Douglas Lipton.  Mr. Lipton is a Partner of FNYS.
 
(4)           David Nguyen.  Mr. Nguyen is a Partner of FNYS.
 
Item 2(b).
Address of Principal Business Office or, if None, Residence:
 
 
(1) First New York Securities L.L.C.  90 Park Avenue , 5th Floor
    New York, NY  10016
     
(2) Steven D. Heinemann c/o First New York Securities L.L.C.
    90 Park Avenue, 5th Floor
    New York, NY  10016
     
(3) Douglas Lipton c/o First New York Securities L.L.C.
   
90 Park Avenue, 5th Floor
   
New York, NY  10016
     
(4) David Nguyen  c/o First New York Securities L.L.C.
    90 Park Avenue, 5th Floor
    New York, NY  10016
     
 
Item 2(c).
Citizenship:
 
(1)  
First New York Securities L.L.C.                                   New York
 
(2)  
Steven D. Heinemann                                                     United States
 
(3)  
Douglas Lipton                                                                United States
 
(4)  
David Nguyen                                                                 United States
 
Item 2(d).
Title of Class of Securities:
 
Common Stock, par value $.001 per share
 
 
 
 
Item 2(e).
CUSIP Number:
 
74833W206
 
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
¨
Broker or Dealer Registered Under Section 15 of the Act (15 U.S.C. 78o)
 
 
(b)
¨
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c)
 
 
(c)
¨
Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c)
 
 
(d)
¨
Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8)
 
 
(e)
¨
Investment Adviser in accordance with § 240.13d-1(b)(1)(ii)(E)
 
 
(f)
¨
Employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F)
 
 
(g)
¨
Parent Holding Company or control person in accordance with §240.13d-1(b)(ii)(G)
 
 
(h)
¨
Savings Association as defined in §3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)
 
 
(i)
¨
Church plan that is excluded from the definition of an investment company under §3(c)(15) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)
 
 
(j)
¨
Group, in accordance with §240.13d-1(b)(ii)(J)
 
Item 4.
Ownership.
 
 
(a)
Amount beneficially owned:
 
(1)  
First New York Securities L.L.C.                                   241,310
 
(2)  
Steven D. Heinemann                                                     395,6771
 
(3)  
Douglas Lipton                                                                15,5802
 
(4)  
David Nguyen                                                                 30,0003
 
 
 
-------------------------------------
1 Excludes 147,204 shares owned by First New York Securities L.L.C. as to which the reporting person disclaims beneficial ownership.
 
2 Excludes 147,204 shares owned by First New York Securities L.L.C. as to which the reporting person disclaims beneficial owenership.
 
3 Excludes 83,406 shares owned by First New York Securities L.L.C. as to which the reporting person disclaims beneficial owenership.
 
 
 
 
 
 
 
(b)
Percent of class4:
 
(1)  
First New York Securities L.L.C.                                   1.9%
 
(2)  
Steven D. Heinemann                                                     3.1%
 
(3)  
Douglas Lipton                                                                0.1%
 
(4)  
David Nguyen                                                                 0.2%
 
 
(c)
Number of shares as to which such person has:
 
 
         (i)
Sole power to vote or to direct the vote:
 
(1)  
First New York Securities L.L.C.                                    0
 
(2)  
Steven D. Heinemann                                                     395,677
 
(3)  
Douglas Lipton                                                                15,5805
 
(4)  
David Nguyen                                                                 30,000
 
(ii)  
Shared power to vote or to direct the vote:
 
(1)  
First New York Securities L.L.C.                                   241,310
 
(2)  
Steven D. Heinemann                                                     147,204
 
(3)  
Douglas Lipton                                                                147,204
 
(4)  
David Nguyen                                                                  83,406
 
(iii)  
Sole power to dispose or to direct the disposition of:
 
(1)  
First New York Securities L.L.C.                                    0
 
(2)  
Steven D. Heinemann                                                     395,677
 
(3)  
Douglas Lipton                                                                15,580
 
(4)  
David Nguyen                                                                 30,000
 
(iv)  
Shared power to dispose or to direct the disposition of:
 
(1)  
First New York Securities L.L.C.                                   241,310
 
(2)  
Steven D. Heinemann                                                     147,204
 
(3)  
Douglas Lipton                                                                147,204
 
 
 
 
----------------------------------
4 Percentages are based on 12,733,686 shares of Common Stock outstanding (as set forth in the Issuer’s Form 10-Q filed on November 6, 2009).
 
5 Includes shares held by Stephen, Michael and Gulia Marie Lipton (Douglas Lipton’s children).
 
 
 
 
 
 
(4)  
David Nguyen                                                                  83,406
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
Not Applicable.
 
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 acquired and 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 knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Date:   February 8, 2010 
 
FIRST NEW YORK SECURITIES LLC

By: /s/ Harris Sufian                                                                                              
Name: Harris Sufian
Title: Managing Member


/s/ Steven D. Heinemann                     
Steven D. Heinemann


/s/ Douglas Lipton                               
Douglas Lipton


/s/ David Nguyen                                 
David Nguyen