<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>p311313.txt
<DESCRIPTION>SC 13D/A
<TEXT>
<PAGE>
CUSIP No. 45031W 10 7 Page 1 of 11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
AMENDMENT NUMBER 1
UNDER THE SECURITIES EXCHANGE ACT OF 1934
I-Sector Corporation
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45031W 10 7
----------------------------------------
(CUSIP Number)
PEAK6 Capital Management, LLC
209 S. LaSalle Street, Suite 200
Chicago, Illinois 60604
------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
February 13, 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 acquisitions which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
t 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).
<PAGE>
CUSIP No. 45031W 10 7 Page 2 of 11
SCHEDULE 13D
===============================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jennifer J. Makowiec
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
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3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(E)
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States citizen
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY ----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 341,400 shares
PERSON WITH ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
341,400 shares
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,400 shares
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE>
CUSIP No. 45031W 10 7 Page 3 of 11
SCHEDULE 13D
===============================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Matthew N. Hulsizer
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(E)
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States citizen
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY ----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 341,400 shares
PERSON WITH ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
341,400 shares
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,400 shares
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE>
CUSIP No. 45031W 10 7 Page 4 of 11
SCHEDULE 13D
===============================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PEAK6 Capital Management, LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(E)
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 341,400 shares
BENEFICIALLY ----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING
PERSON WITH ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
341,400 shares
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,400 shares
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
BD
================================================================================
<PAGE>
CUSIP No. 45031W 10 7 Page 5 of 11
SCHEDULE 13D
===============================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PEAK6 Investments, L.P.
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(E)
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY ----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 341,400 shares
PERSON WITH ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
341,400 shares
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,400 shares
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
================================================================================
<PAGE>
CUSIP No. 45031W 10 7 Page 6 of 11
SCHEDULE 13D
===============================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PEAK6, LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(E)
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY ----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 341,400 shares
PERSON WITH ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
341,400 shares
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
341,400 shares
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
================================================================================
<PAGE>
CUSIP No. 45031W 10 7 Page 7 of 11
SCHEDULE 13-D/A
Amendment Number 1
I Sector Corporation
Filed by PEAK6 Capital Management, LLC ("PEAK6"),
PEAK6 Investments, L.P. ("LP"), PEAK6, LLC ("LLC"),
Jennifer J. Makowiec ("Makowiec"), and Matthew N. Hulsizer ("Hulsizer")
Items 3-5 Inclusive for PEAK6:
Item 3. Source and Amount of Funds or Other Considerations:
All acquisitions of the common stock of the Issuer were acquired
by PEAK6 using working capital funds.
Item 4. Purpose of Transaction:
Investment purposes. PEAK6 does have an intent to acquire
additional securities of the Issuer if such additional securities
become available at a price PEAK6 considers reasonable.
Item 5. Interest in Securities of the Issuer.
(a) PEAK6 owns 341,400 shares of Issuer directly, which is 8.4% of
the outstanding common stock of Issuer.
(b) PEAK6 has sole voting power and sole dispositive power with
respect to such 341,400 shares of common stock of Issuer.
(c) In the past sixty days, PEAK6 has made the following open
market transactions in the Issuer's stock, all effectuated in
their own account located in Chicago, Illinois:
Purchases
DATE - 2001 # OF SHARES SHARE PRICE
----------- ----------- -----------
March 1 1,000 $1.0625
March 5 6,000 $1.125
March 8 2,000 $1.0625
March 13 4,000 $1.0313
March 13 8,900 $1.0625
March 15 1,000 $1.0313
March 15 5,000 $1.0625
March 20 5,000 $1.0938
March 23 3,500 $1.0625
March 27 2,000 $1.0625
March 28 4,400 $1.0625
March 29 14,300 $1.0625
April 2 3,100 $1.0625
April 6 7,000 $1.0625
April 7 7,000 $1.04
April 20 10,900 $1.04
<PAGE>
CUSIP No. 45031W 10 7 Page 8 of 11
Items 3-5 Inclusive for the LP.
Item 3. Source and Amount of Funds or Other Considerations.
The LP indirectly owns the 341,400 shares of Issuer owned by PEAK6
by virtue of directly owning 100.00% of the membership interests
of PEAK6 and being the managing member of PEAK6. See PEAK6's
response to Item 3 herein.
Item 4. Purpose of Transaction.
The LP acquired its shares of common stock of Issuer for the same
purposes as PEAK6. See PEAK6's response to Item 4 herein.
Item 5. Interest in Securities of the Issuer.
(a) By virtue of owning 100.00% of the outstanding membership
interests of PEAK6, the LP beneficially owns the 341,400
shares of common stock of Issuer owned by PEAK6, which is 8.4%
of the outstanding shares of Issuer.
(b) By virtue of owning 100.00% of the outstanding membership
interests of PEAK6, the LP has shared voting power and shared
dispositive power with respect to the 341,400 shares of common
stock of Issuer owned by PEAK6.
(c) See PEAK6's response to Item 5(c) herein.
Items 3-5 Inclusive for the LLC.
Item 3. Source and Amount of Funds or Other Considerations.
The LLC indirectly owns the 341,400 shares of Issuer owned by
PEAK6 by virtue of directly owning 82% of the LP and being the
general partner of the LP. See PEAK6's response to Item 3 herein.
Item 4. Purpose of Transaction.
The LLC acquired its shares of common stock of Issuer for the same
purposes as PEAK6. See PEAK6's response to Item 4 herein.
Item 5. Interest in Securities of the Issuer.
(a) By virtue of owning 82% of the LP, and all votes of the LP,
the LLC beneficially controls the 341,400 shares of common
stock of Issuer owned by PEAK6, which is 8.4% of the
outstanding shares of Issuer.
(b) By virtue of owning 82% of the LP, the LLC has shared voting
power and shared dispositive power with respect to the 341,400
shares of common stock of Issuer owned by PEAK6.
(c) See PEAK6's response to Item 5(c) herein.
<PAGE>
CUSIP No. 45031W 10 7 Page 9 of 11
Items 3-5 Inclusive for Makowiec.
Item 3. Source and Amount of Other Considerations.
Makowiec is a managing member of the LLC. See PEAK6's and LP's
responses to Item 3 herein.
Item 4. Purpose of Transaction.
Makowiec acquired her shares of common stock of Issuer for the
same purposes as PEAK6. See response of PEAK6 to Item 4 herein.
Item 5. Interest in Securities of the Issuer.
(a) By virtue of being a managing member of LLC, Makowiec
beneficially controls the 341,400 shares of common stock of
Issuer owned by PEAK6. The LLC is the general partner of the
LP, which owns 100.00% of the membership interests of PEAK6.
(b) By virtue of being a managing member of the LLC, Makowiec has
shared voting power and shared dispositive power with respect
to the 341,400 shares of common stock of Issuer owned by
PEAK6.
Items 3-5 Inclusive for Hulsizer.
Item 3. Sources and Amount of Funds or Other Consideration.
Hulsizer is a managing member of the LLC. See responses of PEAK6
to Item 3 herein.
Item 4. Purpose of the Transaction.
Hulsizer acquired the shares of common stock of Issuer for the
same purposes as PEAK6. See response of PEAK6 to Item 4 herein.
Item 5. Interest in Securities of the Issuer.
(a) By virtue of being a managing member of the LLC, Hulsizer
beneficially controls the 341,400 shares of common stock of
Issuer owned by PEAK6. The LLC is the general partner of the
LP, which owns 100.00% of PEAK6.
(b) By virtue of being a managing member of the LLC, Hulsizer has
shared voting power and shared dispositive power with respect
to the 341,400 shares of common stock of Issuer owned by
PEAK6.
(c) See PEAK6's response to Item 5(c) herein.
A joint filing statement is filed as an exhibit to this Schedule
13D/A.
<PAGE>
CUSIP No. 45031W 10 7 Page 10 of 11
Signatures.
After reasonable inquiry and to the best of our knowledge and belief,
and undersigned certify that the information set forth in this statement is
true.
May 3, 2001
PEAK6 CAPITAL MANAGEMENT, LLC
By: PEAK6 Investments, L.P., its
managing member
By: PEAK6, LLC, its general partner
By: /s/ Jennifer J. Makowiec
------------------------
Jennifer J. Makowiec
Managing Member
By: /s/Matthew N. Hulsizer
------------------------
Matthew N. Hulsizer
Managing Member
PEAK6 INVESTMENTS, L.P.
By: PEAK6, LLC, its general partner
By: /s/ Jennifer J. Makowiec
------------------------
Jennifer J. Makowiec
Managing Member
By: /s/Matthew N. Hulsizer
------------------------
Matthew N. Hulsizer
Managing Member
PEAK6, LLC
By: /s/ Jennifer J. Makowiec
------------------------
Jennifer J. Makowiec
Managing Member
By: /s/Matthew N. Hulsizer
------------------------
Matthew N. Hulsizer
Managing Member
/s/ Jennifer J. Makowiec
----------------------------
Jennifer J. Makowiec
/s/Matthew N. Hulsizer
----------------------------
Matthew N. Hulsizer
<PAGE>
CUSIP No. 45031W 10 7 Page 11 of 11
EXHIBIT TO SCHEDULE 13D/A
AMENDMENT NUMBER 1
OF
JENNIFER J. MAKOWIEC, MATTHEW N. HULSIZER
PEAK6, LLC, PEAK6 CAPITAL MANAGEMENT, LLC
AND PEAK6 INVESTMENTS, L.P.
JOINT FILING AGREEMENT
PEAK6 Capital Management, LLC ("PEAK6"), PEAK6 Investments, L.P.
("LP"), PEAK6, LLC ("LLC"), Jennifer J. Makowiec ("Makowiec"), and Matthew N.
Hulsizer ("Hulsizer") hereby agree that the Schedule 13D to which this statement
is attached is filed on behalf of PEAK6, the LP, the LLC, Makowiec, and
Hulsizer, and that any amendments to this Schedule 13D may be filed on behalf of
PEAK6, the LP, the LLC, Makowiec and Hulsizer.
PEAK6 CAPITAL MANAGEMENT, LLC
By: PEAK6 INVESTMENTS, L.P.,
its managing member
By: PEAK6, LLC, its general partner
By: /s/ Jennifer J. Makowiec
------------------------
Jennifer J. Makowiec
Managing Member
By: /s/Matthew N. Hulsizer
------------------------
Matthew N. Hulsizer
Managing Member
PEAK6 INVESTMENTS, L.P.
By: PEAK6, LLC, its general partner
By: /s/ Jennifer J. Makowiec
------------------------
Jennifer J. Makowiec
Managing Member
By: /s/Matthew N. Hulsizer
------------------------
Matthew N. Hulsizer
Managing Member
PEAK6, LLC
By: /s/ Jennifer J. Makowiec
------------------------
Jennifer J. Makowiec
Managing Member
By: /s/Matthew N. Hulsizer
------------------------
Matthew N. Hulsizer
Managing Member
/s/ Jennifer J. Makowiec
----------------------------
Jennifer J. Makowiec
/s/Matthew N. Hulsizer
----------------------------
Matthew N. Hulsizer
</TEXT>
</DOCUMENT>