1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (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) (AMENDMENT NO. 1) WCM CAPITAL, INC. ----------------- (Name of Issuer) COMMON STOCK ------------ (Title of Class of Securities) 92924P203 ----------- (CUSIP Number) ------------ 76 Beaver Street, Suite 500 New York, New York 10005 (212) 344-2828 --------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 30, 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 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 [ ]. 2 SCHEDULE 13D CUSIP NO. 92924P203 PAGE 1 OF 1 PAGE --------------------- -------- -------- (1) NAMES OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard Gladstone and Laurie Gladstone Trust, dated June 7, 2000, Mathew Dollinger and Floyd G. Grossman, Trustee --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) SOURCE OF FUNDS* 00 --------------------------------------------------------------------- (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS [ ] IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) --------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION USA --------------------------------------------------------------------- (7) SOLE VOTING POWER NUMBER OF -0- SHARES -------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY -0- EACH -------------------------------------------------------- REPORTING (9) SOLE DISPOSITIVE POWER PERSON WITH -0- -------------------------------------------------------- (10) SHARED DISPOSITIVE POWER -0- -------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- --------------------------------------------------------------------- (12) CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- --------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* 00 --------------------------------------------------------------------- 3 ATTACHMENT ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) 0 shares or 0% of the outstanding Common Stock. (b) None (c) Between on or about June 7th through 29th, 2001, the Reporting Person sold 296,000 shares of Common Stock of the Company. The chart which follows outlines each transaction for the 296,000 shares of Common Stock. EQUITRADE SECURITIES, INC. - SALE OF WCM CAPITAL INC-NEW DATE SHARES SOLD ---- ----------- June 29, 2001 4,473 June 29, 2001 5,000 June 29, 2001 8,376 June 28, 2001 10,000 June 22, 2001 8,000 June 22, 2001 8,000 June 22, 2001 4,000 June 27, 2001 7,000 June 27, 2001 9,151 June 25, 2001 8,000 June 25, 2001 8,000 June 26, 2001 6,000 June 26, 2001 8,000 June 21, 2001 8,000 June 21, 2001 8,000 June 21, 2001 4,000 June 13, 2001 5,000 June 13, 2001 7,000 June 20, 2001 8,000 June 20, 2001 8,000 June 20, 2001 4,000 June 13, 2001 8,000 June 18, 2001 20,000 June 19, 2001 6,000 June 19, 2001 7,000 June 15, 2001 20,000 June 12, 2001 15,000 2 4 SALOMON SMITH BARNEY SALE OF WCM CAPITAL INC-NEW DATE SHARES SOLD ---- ----------- June 20, 2001 10,000 June 20, 2001 5,000 June 19, 2001 6,200 June 19, 2001 5,000 June 19, 2001 2,800 June 15, 2001 10,000 June 15, 2001 3,000 June 15, 2001 1,000 June 18, 2001 6,000 June 18, 2001 4,000 June 13, 2001 9,500 June 14, 2001 3,000 June 14, 2001 3,000 June 12, 2001 5,500 (d) N/A (e) On or about June 30, 2001, the Reporting Person ceased to be the beneficial owner of more than five percent of the Common Stock of the Company. 3 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement on Schedule 13D is true, complete and correct as of the date hereof. Dated: July 6, 2001 /s/ Matthew Dollinger, Trustee ------------------------------------ Matthew Dollinger, Trustee /s/ Floyd G. Grossman, Trustee ------------------------------------ Floyd G. Grossman, Trustee 4