UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
HEARTLAND PAYMENT SYSTEMS, INC.
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(Name of Issuer)
Common Stock, $0.001 par value per share
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(Title of Class of Securities)
42235N108
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(CUSIP Number)
December 31, 2007
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(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)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
*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
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 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).
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CUSIP No. 42235N108
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1 Names of Reporting Persons.
MITCHELL L. HOLLIN
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3 SEC Use Only
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4 Citizenship or Place of Organization United States
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5 Sole Voting Power 70,596 (consisting of 55,596
shares of common stock and options to purchase
15,000 shares of common stock)
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6 Shared Voting Power 0
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7 Sole Dispositive Power 70,596 (consisting of
55,596 shares of common stock and options to
purchase 15,000 shares of common stock)
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8 Shared Dispositive Power 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person 70,596
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9) 0.19%
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12 Type of Reporting Person (See Instructions) IN
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CUSIP No. 42235N108
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1 Names of Reporting Persons.
LLR CAPITAL, L.P.
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3 SEC Use Only
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4 Citizenship or Place of Organization Delaware
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5 Sole Voting Power 0
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6 Shared Voting Power 489
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7 Sole Dispositive Power 0
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8 Shared Dispositive Power 489
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9 Aggregate Amount Beneficially Owned by Each Reporting Person 489
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9) less than 0.01%
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12 Type of Reporting Person (See Instructions) PN
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CUSIP No. 42235N108
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1 Names of Reporting Persons.
LLR EQUITY PARTNERS, L.P.
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3 SEC Use Only
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4 Citizenship or Place of Organization Delaware
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5 Sole Voting Power 0
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6 Shared Voting Power 489
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7 Sole Dispositive Power 0
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8 Shared Dispositive Power 489
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9 Aggregate Amount Beneficially Owned by Each Reporting Person 489
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9) less than 0.01%
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12 Type of Reporting Person (See Instructions) PN
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CUSIP No. 42235N108
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1 Names of Reporting Persons.
LLR EQUITY PARTNERS PARALLEL, L.P.
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3 SEC Use Only
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4 Citizenship or Place of Organization Delaware
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5 Sole Voting Power 0
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6 Shared Voting Power 0
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7 Sole Dispositive Power 0
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8 Shared Dispositive Power 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person 0
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9) 0%
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12 Type of Reporting Person (See Instructions) PN
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Item 1
(a) Name of Issuer:
HEARTLAND PAYMENT SYSTEMS, INC. (the "Issuer")
(b) Address of Issuer's Principal Executive Offices:
90 Nassau Street, Princeton, NJ 08542
Item 2
(a) Name of Person Filing:
This statement is filed jointly on behalf of the persons
identified below. In accordance with Rule 13d-1(k)(1) under
the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), each person filing this statement acknowledges that it
is responsible for the completeness and accuracy of the
information concerning that person but is not responsible for
the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or
has reason to believe that such information is inaccurate. The
persons filing this Schedule 13G are as follows:
Mitchell L. Hollin
LLR Capital, L.P.
LLR Equity Partners, L.P.
LLR Equity Partners Parallel, L.P.
(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of all filing
persons identified in this Schedule 13G is:
c/o LLR Capital, L.P., Cira Centre, 2929 Arch Street,
Philadelphia, PA 19104-2868
(c) Citizenship:
Mitchell L. Hollin is a citizen of the United States.
Each of LLR Capital, L.P., LLR Equity Partners, L.P. and LLR
Equity Partners Parallel, L.P. is a limited partnership formed
under the laws of the State of Delaware.
(d) Title of Class of Securities:
Common stock, $0.001 par value per share (the "Common Stock")
(e) CUSIP Number:
42235N108
Item 3. If this statement is filed pursuant to Rule 13d-1(b), 13d-2(b) or
13d-2(c), check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Exchange Act;
(b) |_| Bank as defined in section 3(a)(6) of the Exchange Act;
(c) |_| Insurance company as defined in section 3(a)(19) of the Exchange
Act;
(d) |_| Investment company registered under section 8 of the Investment
Company Act of 1940;
(e) |_| An investment adviser in accordance with Rule 13-d(1)(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person, in accordance with Rule
13d-1(b)(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 of
1940;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(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(1):
Mitchell L. Hollin: 70,596(2)
LLR Capital, L.P.: 489(3)
LLR Equity Partners, L.P.: 489
LLR Equity Partners Parallel, L.P.:0
(b) Percent of class:(4)
Mitchell L. Hollin: 0.19%
LLR Capital, L.P.: less than 0.01%
LLR Equity Partners, L.P.: less than 0.01%
LLR Equity Partners Parallel, L.P.:0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
Mitchell L. Hollin: 70,596
LLR Capital, L.P.: 0
LLR Equity Partners, L.P.: 0
LLR Equity Partners Parallel, L.P.: 0
(ii) Shared power to vote or to direct the vote
Mitchell L. Hollin: 0
LLR Capital, L.P.: 489
LLR Equity Partners, L.P.: 489
LLR Equity Partners Parallel, L.P.: 0
(iii) Sole power to dispose or to direct the disposition of
Mitchell L. Hollin: 70,596
LLR Capital, L.P.: 0
LLR Equity Partners, L.P.: 0
LLR Equity Partners Parallel, L.P.: 0
(iv) Shared power to dispose or to direct the disposition of
Mitchell L. Hollin: 0
LLR Capital, L.P.: 489
LLR Equity Partners, L.P.: 489
LLR Equity Partners Parallel, L.P.: 0
(1) Each reporting person disclaims beneficial ownership of the reported
securities except and to the extent of its or his pecuniary interest therein.
(2) Includes 55,596 shares of the Issuer's common stock held by Mitchell L.
Hollin and options granted to Mr. Hollin to purchase 15,000 shares of the
Issuer's common stock. As of December 31, 2007, the options were immediately
exercisable.
(3) Includes 489 shares of the Issuer's common stock held by LLR Equity
Partners, L.P. LLR Capital, L.P. is the General Partner of LLR Equity Partners
and consequently, LLR Capital, L.P. may be deemed to beneficially own these
shares.
(4) All percentages herein are based on 37,478,786 shares of the Issuer's
Common Stock reported to be outstanding as of November 1, 2007, as reported on
Form 10-Q filed with the SEC by the Issuer for the quarter ended September 30,
2007.
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 |X|.
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.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Date: February 13, 2008
/s/ Mitchell L. Hollin
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Mitchell L. Hollin
LLR Capital, L.P.
By: /s/ Mitchell L. Hollin
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Name: Mitchell L. Hollin
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Title: Managing Director
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LLR Equity Partners, L.P.
By: /s/ Mitchell L. Hollin
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Name: Mitchell L. Hollin
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Title: Managing Director
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LLR Equity Partners Parallel, L.P.
By: /s/ Mitchell L. Hollin
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Name: Mitchell L. Hollin
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Title: Managing Director
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