SEC Info - Modern Holdings Inc, et al. - ‘SC 13G’ on 1/7/02 re: Paystar Corp

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Modern Holdings Inc, et al. – ‘SC 13G’ on 1/7/02 re: Paystar Corp

On: Monday, 1/7/02 · Accession #: 912057-2-435 · File #: 5-60879

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 1/07/02  Modern Holdings Inc               SC 13G                 1:16K  Paystar Corp                      Merrill Corp/FA
          Bruce H. Grant
          Great Universal LLC
          The 1999 Great Universal LLC Trust
          William Mustard

Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                     10     32K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Address of Issuer's Principal Executive Offices: Address of Principal Business Office Or, If None, Residence: Certification Citizenship: Cusip Number: Identification and Classification of Members of the Group Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company If This Statement Is Filed Pursuant to Rule 13D-1(B), or 13D-2(B) or (C), Check Whether the Person Filing Is A: Name of Issuer: Name of Person Filing: Notice of Dissolution of Group Ownership Ownership of Five Percent or Less of A Class Ownership of More Than Five Percent on Behalf of Another Person Title of Class of Securities:
1	1st Page - Filing Submission
7	Item 1(a). Name of Issuer:
"	Item 1(b). Address of Issuer's Principal Executive Offices:
"	Item 2(a). Name of Person Filing:
"	Item 2(b). Address of Principal Business Office Or, If None, Residence:
"	Item 2(c). Citizenship:
"	Item 2(d). Title of Class of Securities:
"	Item 2(e). Cusip Number:
"	Item 3. If This Statement Is Filed Pursuant to Rule 13D-1(B), or 13D-2(B) or (C), Check Whether the Person Filing Is A:
8	Item 4. Ownership
"	Item 5. Ownership of Five Percent or Less of A Class
"	Item 6. Ownership of More Than Five Percent on Behalf of Another Person
"	Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
"	Item 8. Identification and Classification of Members of the Group
9	Item 9. Notice of Dissolution of Group
"	Item 10. Certification

SC 13G 1st Page of 10 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 RULE 13d-2(b) 
(Amendment No. __)

 PAYSTAR CORPORATION
------------------------------------------------------------------------------- 
(Name of Issuer)

 COMMON STOCK, $.001 PAR VALUE
------------------------------------------------------------------------------- 
(Title of Class of Securities)

 70453V 10 6
------------------------------------------------------------------------------- 
(CUSIP Number)

 DECEMBER 26, 2001
------------------------------------------------------------------------------- 
 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)                                                

SC 13G 2nd Page of 10 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP NO. 70453V 10 6                  13G                    Page 2 of 10 Pages

-------- -----------------------------------------------------------------------

1.     NAME OF REPORTING PERSONS                                            
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)    
XSource Corporation                       

-------- -----------------------------------------------------------------------

2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *        (a)[ ]     
                                                            (b)[ ]
-------- -----------------------------------------------------------------------

3.     SEC USE ONLY                                                         

-------- -----------------------------------------------------------------------

4.     CITIZENSHIP OR PLACE OF ORGANIZATION                                 
Delaware                                    
--------------------------------------------------------------------------------

NUMBER OF          5.    SOLE VOTING POWER                          
SHARES                           5,277,778                        
    BENEFICIALLY       ------- -------------------------------------------------
OWNED BY           6.    SHARED VOTING POWER                        
EACH                              -0-                           
      REPORTING        ------- -------------------------------------------------
PERSON WITH         7.    SOLE DISPOSITIVE POWER                      
         5,277,778
                       ------- -------------------------------------------------
8.    SHARED DISPOSITIVE POWER
   -0-
--------------------------------------------------------------------------------

9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
5,277,778                                   
-------- -----------------------------------------------------------------------

10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                                 / /

-------- -----------------------------------------------------------------------

11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                      
19.4                                        
-------- -----------------------------------------------------------------------

12.    TYPE OF REPORTING PERSON*                                            
CO                                          
-------- -----------------------------------------------------------------------

 *SEE INSTRUCTIONS BEFORE FILLING OUT!

SC 13G 3rd Page of 10 TOC 1st Previous Next ↓Bottom Just 3rd
CUSIP NO. 70453V 10 6                  13G                    Page 3 of 10 Pages

-------- -----------------------------------------------------------------------

1.     NAME OF REPORTING PERSONS                                            
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)    
Great Universal LLC                       

-------- -----------------------------------------------------------------------

2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *        (a)[ ]     
                                                            (b)[ ]
-------- -----------------------------------------------------------------------

3.     SEC USE ONLY                                                         

-------- -----------------------------------------------------------------------

4.     CITIZENSHIP OR PLACE OF ORGANIZATION                                 
Delaware                                    
--------------------------------------------------------------------------------

NUMBER OF          5.    SOLE VOTING POWER                          
SHARES                           5,277,778                        
    BENEFICIALLY       ------- -------------------------------------------------
OWNED BY           6.    SHARED VOTING POWER                        
EACH                              -0-                           
      REPORTING        ------- -------------------------------------------------
PERSON WITH         7.    SOLE DISPOSITIVE POWER                      
         5,277,778
                       ------- -------------------------------------------------
8.    SHARED DISPOSITIVE POWER
   -0-
--------------------------------------------------------------------------------

9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
5,277,778                                   
-------- -----------------------------------------------------------------------

10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                               / /

-------- -----------------------------------------------------------------------

11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                      
19.4                                        
-------- -----------------------------------------------------------------------

12.    TYPE OF REPORTING PERSON*                                            
OO                                          
-------- -----------------------------------------------------------------------

 *SEE INSTRUCTIONS BEFORE FILLING OUT!

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CUSIP NO. 70453V 10 6                  13G                    Page 4 of 10 Pages

-------- -----------------------------------------------------------------------

1.     NAME OF REPORTING PERSONS                                            
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)    
The 1999 Great Universal LLC Trust        

-------- -----------------------------------------------------------------------

2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *        (a)[ ]     
                                                            (b)[ ]
-------- -----------------------------------------------------------------------

3.     SEC USE ONLY                                                         

-------- -----------------------------------------------------------------------

4.     CITIZENSHIP OR PLACE OF ORGANIZATION                                 
Delaware                                    
--------------------------------------------------------------------------------

NUMBER OF          5.    SOLE VOTING POWER                          
SHARES                           5,277,778                        
    BENEFICIALLY       ------- -------------------------------------------------
OWNED BY           6.    SHARED VOTING POWER                        
EACH                              -0-                           
      REPORTING        ------- -------------------------------------------------
PERSON WITH         7.    SOLE DISPOSITIVE POWER                      
         5,277,778
                       ------- -------------------------------------------------
8.    SHARED DISPOSITIVE POWER
   -0-
--------------------------------------------------------------------------------

9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
5,277,778                                   
-------- -----------------------------------------------------------------------

10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                               / /

-------- -----------------------------------------------------------------------

11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                      
19.4                                        
-------- -----------------------------------------------------------------------

12.    TYPE OF REPORTING PERSON*                                            
OO                                          
-------- -----------------------------------------------------------------------

 *SEE INSTRUCTIONS BEFORE FILLING OUT!

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CUSIP NO. 70453V 10 6                  13G                    Page 5 of 10 Pages

-------- -----------------------------------------------------------------------

1.     NAME OF REPORTING PERSONS                                            
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)    
              William Mustard, Trustee of The 1999 Great Universal LLC Trust

-------- -----------------------------------------------------------------------

2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *        (a)[ ]     
                                                            (b)[ ]
-------- -----------------------------------------------------------------------

3.     SEC USE ONLY                                                         

-------- -----------------------------------------------------------------------

4.     CITIZENSHIP OR PLACE OF ORGANIZATION                                 
United States                             
--------------------------------------------------------------------------------

NUMBER OF          5.    SOLE VOTING POWER                          
SHARES                           -0-                              
    BENEFICIALLY       ------- -------------------------------------------------
OWNED BY           6.    SHARED VOTING POWER                        
EACH                            5,277,778                       
      REPORTING        ------- -------------------------------------------------
PERSON WITH         7.    SOLE DISPOSITIVE POWER                      
   -0-
                       ------- -------------------------------------------------
8.    SHARED DISPOSITIVE POWER
         5,277,778
--------------------------------------------------------------------------------

9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
5,277,778                                   
-------- -----------------------------------------------------------------------

10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                               / /

-------- -----------------------------------------------------------------------

11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                      
19.4                                        
-------- -----------------------------------------------------------------------

12.    TYPE OF REPORTING PERSON*                                            
IN                                          
-------- -----------------------------------------------------------------------

 *SEE INSTRUCTIONS BEFORE FILLING OUT!

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CUSIP NO. 70453V 10 6                  13G                    Page 6 of 10 Pages

-------- -----------------------------------------------------------------------

1.     NAME OF REPORTING PERSONS                                            
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)    
             Bruce H. Grant, Trustee of The 1999 Great Universal LLC Trust

-------- -----------------------------------------------------------------------

2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *        (a)[ ]     
                                                            (b)[ ]
-------- -----------------------------------------------------------------------

3.     SEC USE ONLY                                                         

-------- -----------------------------------------------------------------------

4.     CITIZENSHIP OR PLACE OF ORGANIZATION                                 
United States                             
--------------------------------------------------------------------------------

NUMBER OF          5.    SOLE VOTING POWER                          
SHARES                           -0-                              
    BENEFICIALLY       ------- -------------------------------------------------
OWNED BY           6.    SHARED VOTING POWER                        
EACH                            5,277,778                       
      REPORTING        ------- -------------------------------------------------
PERSON WITH         7.    SOLE DISPOSITIVE POWER                      
   -0-
                       ------- -------------------------------------------------
8.    SHARED DISPOSITIVE POWER
         5,277,778
--------------------------------------------------------------------------------

9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
5,277,778                                   
-------- -----------------------------------------------------------------------

10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                               / /

-------- -----------------------------------------------------------------------

11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                      
19.4                                        
-------- -----------------------------------------------------------------------

12.    TYPE OF REPORTING PERSON*                                            
IN                                          
-------- -----------------------------------------------------------------------

 *SEE INSTRUCTIONS BEFORE FILLING OUT!

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CUSIP NO. 70453V 10 6                  13G                    Page 7 of 10 Pages

ITEM 1(a). NAME OF ISSUER:                                                      

PAYSTAR CORPORATION                                       

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:                     

1110 WEST KETTLEMAN LANE, SUITE 48, LODI, CA 95240        

ITEM 2(a). NAME OF PERSON FILING:                                               

    XSOURCE CORPORATION AND ALL PERSONS WHO DERIVE THEIR INTERESTS
    THROUGH XSOURCE CORPORATION, AS SET FORTH ON THE ATTACHMENT TO
  THIS SCHEDULE 13G WHICH IS INCORPORATED BY REFERENCE HEREIN.

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:         

153 EAST 53RD STREET, SUITE 5900, NEW YORK, NY 10022      

ITEM 2(c). CITIZENSHIP:                                                         

DELAWARE                                                  

ITEM 2(d). TITLE OF CLASS OF SECURITIES:                                        

COMMON STOCK, $.001 PAR VALUE                             

ITEM 2(e). CUSIP NUMBER:                                                        

70453V 10 6                                               

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR    
(C), CHECK WHETHER THE PERSON FILING IS A:                      

(a) ~Broker or dealer registered under Section 15 of the Act;   

(b) ~Bank as defined in Section 3(a)(6) of the Act;             

 (c) ~Insurance company as defined in Section 3(a)(19) of the Act;

    (d) ~Investment company registered under Section 8 of the Investment
Company Act;                                          

      (e) ~An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

  (f) ~An employee benefit plan or endowment fund in accordance with
Rule 3d-1(b)(1)(ii)(F);                               

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CUSIP NO. 70453V 10 6                  13G                    Page 8 of 10 Pages

      (g) ~A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);                          

        (h) ~A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;                            

 (i) ~A church plan that is excluded from the definition of an
         investment company under Section 3(c)(14) of the Investment
Company Act;                                      

(j) ~Group, in accordance with Rule 13d-1(b)(l)(ii)(J).     

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:                             

5,277,778 SHARES                                  

(b)  Percent of class:                                      

19.4                                              

(c)  Number of shares as to which such person has:          

       (i)  Sole power to vote or to direct the vote:  5,277,778

    (ii)  Shared power to vote or to direct the vote:  -0-

           (iii)  Sole power to dispose or to direct the disposition of:
5,277,778                           

            (iv)  Shared power to dispose or to direct the disposition of:
-0-                                   

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 person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the 
following [ ].                                                  

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.              

  See Attachment to Schedule 13G, which is incorporated by reference
herein.                                                         

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CUSIP NO. 70453V 10 6                  13G                    Page 9 of 10 Pages

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.                                         

Not applicable.                                                 

ITEM 10. CERTIFICATION.                                                         

 By signing below, the undersigned certifies, to the best of its
 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 my knowledge and belief, I
certify that the information set forth in this statement with respect to it is  
true, complete and correct.                                                     

                     JANUARY 4, 2002
                            ----------------------------------------
                    (Date)

                                XSOURCE CORPORATION, On behalf of itself and
                                  all persons who derive their interests through
        XSource Corporation.

          By: /s/ Bruce H. Grant
                              ------------------------------------
                   Bruce H. Grant, President

SC 13G Last Page of 10 TOC 1st Previous Next ↓Bottom Just 10th
CUSIP NO. 70453V 10 6                  13G                  Page 10 of 10 Pages 

ATTACHMENT TO SCHEDULE 13G

NAME OF ISSUER: PAYSTAR CORPORATION                                             

This Schedule is being filed by XSource Corporation and the following 
persons, each of whom derives its interest in the shares of the issuer          
indirectly through its control of XSource Corporation:                          

Great Universal LLC is the holder of a majority of the outstanding common stock 
of XSource Corporation                                                          

The 1999 Great Universal LLC Trust is the sole member of Great Universal LLC    

Bruce H. Grant and William Mustard are the trustees of The 1999 Great Universal 
LLC Trust.

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13G’ Filing	Date	First	Last	Other Filings

Filed on:	1/7/02
	1/4/02	9
	12/26/01	1		8-K
				List all Filings

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Filing Submission 0000912057-02-000435 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Modern Holdings Inc, et al. – ‘SC 13G’ on 1/7/02 re: Paystar Corp

On: Monday, 1/7/02 · Accession #: 912057-2-435 · File #: 5-60879

Statement of Beneficial Ownership — Schedule 13GFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents