UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
HEARTLAND PAYMENT SYSTEMS, INC.
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.001 par value per share
-------------------------------------------------------------------------------
(Title of Class of Securities)
42235N108
-------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2005
-------------------------------------------------------------------------------
(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).
----------------------------------------------
CUSIP No. 42235N108
----------------------------------------------
-------------------------------------------------------------------------------
1 Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
MITCHELL L. HOLLIN
-------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
-------------------------------------------------------------------------------
3
SEC Use Only
------------------------------------------------------------------------
--------
4
Citizenship or Place of Organization United States
-------------------------------------------------------------------------------
5
Sole Voting Power 5,000
---------------------------------------------------------
6
Shared Voting Power 5,209,250
---------------------------------------------------------
7
Sole Dispositive Power 5,000
---------------------------------------------------------
8
Shared Dispositive Power 5,209,250
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
9
Aggregate Amount Beneficially Owned by Each Reporting Person 5,214,250
-------------------------------------------------------------------------------
10
Check Box If the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
-------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9) 15.3 %
-------------------------------------------------------------------------------
12
Type of Reporting Person (See Instructions) IN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
----------------------------------------------
CUSIP No. 42235N108
----------------------------------------------
-------------------------------------------------------------------------------
1 Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LLR CAPITAL, L.P.
-------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
-------------------------------------------------------------------------------
3
SEC Use Only
------------------------------------------------------------------------
--------
4
Citizenship or Place of Organization Delaware
-------------------------------------------------------------------------------
5
Sole Voting Power 0
---------------------------------------------------------
6
Shared Voting Power 5,209,250
---------------------------------------------------------
7
Sole Dispositive Power 0
---------------------------------------------------------
8
Shared Dispositive Power 5,209,250
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
9
Aggregate Amount Beneficially Owned by Each Reporting Person 5,209,250
-------------------------------------------------------------------------------
10
Check Box If the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
-------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9) 15.2%
-------------------------------------------------------------------------------
12
Type of Reporting Person (See Instructions) PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
----------------------------------------------
CUSIP No. 42235N108
----------------------------------------------
-------------------------------------------------------------------------------
1 Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LLR EQUITY PARTNERS, L.P.
-------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
-------------------------------------------------------------------------------
3
SEC Use Only
------------------------------------------------------------------------
--------
4
Citizenship or Place of Organization Delaware
-------------------------------------------------------------------------------
5
Sole Voting Power 0
---------------------------------------------------------
6
Shared Voting Power 4,729,295
---------------------------------------------------------
7
Sole Dispositive Power 0
---------------------------------------------------------
8
Shared Dispositive Power 4,729,295
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
9
Aggregate Amount Beneficially Owned by Each Reporting Person 4,729,295
-------------------------------------------------------------------------------
10
Check Box If the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
-------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9) 13.8%
-------------------------------------------------------------------------------
12
Type of Reporting Person (See Instructions) PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
----------------------------------------------
CUSIP No. 42235N108
----------------------------------------------
-------------------------------------------------------------------------------
1 Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LLR EQUITY PARTNERS PARALLEL, L.P.
-------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
-------------------------------------------------------------------------------
3
SEC Use Only
------------------------------------------------------------------------
--------
4
Citizenship or Place of Organization Delaware
-------------------------------------------------------------------------------
5
Sole Voting Power 0
---------------------------------------------------------
6
Shared Voting Power 479,955
---------------------------------------------------------
7
Sole Dispositive Power 0
---------------------------------------------------------
8
Shared Dispositive Power 479,955
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
9
Aggregate Amount Beneficially Owned by Each Reporting Person 479,955
-------------------------------------------------------------------------------
10
Check Box If the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
-------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9) 1.4%
-------------------------------------------------------------------------------
12
Type of Reporting Person (See Instructions) PN
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
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:
Two Greenville Crossing, 4005 Kennett Pike, Suite 220,
Greenville, DE 19807
(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 corporate entity
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:
Mitchell L. Hollin: 5,214,250((1))
LLR Capital, L.P.: 5,209,250((2))
LLR Equity Partners, L.P.: 4,729,295
LLR Equity Partners Parallel, L.P.:479,955
(b) Percent of class:((3))
Mitchell L. Hollin: 15.3% %
LLR Capital, L.P.: 15.2%
LLR Equity Partners, L.P.: 13.8%
LLR Equity Partners Parallel, L.P.:1.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
Mitchell L. Hollin: 5,000
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: 5,209,250
LLR Capital, L.P.: 5,209,250
LLR Equity Partners, L.P.: 4,729,295
LLR Equity Partners Parallel, L.P.:479,955
(iii) Sole power to dispose or to direct the disposition of
Mitchell L. Hollin: 5,000
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: 5,209,250
LLR Capital, L.P.: 5,209,250
LLR Equity Partners, L.P.: 4,729,295
LLR Equity Partners Parallel, L.P.:479,955
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.
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: March 2, 2006
By:
By: Mitchell Hollin
/s/ MITCHELL HOLLIN
LLR Capital, L.P.
By: /s/ MITCHELL HOLLIN
Name: Mitchell Hollin
Title: Managing Partner
LLR Equity Partners, L.P.
By: /s/ MITCHELL HOLLIN
Name: Mitchell Hollin
Title: Managing Partner
LLR Equity Partners Parallel, L.P.
By: /s/ MITCHELL HOLLIN
Name: Mitchell Hollin
Title: Managing Partner
--------
((1)) Includes 4,729,295 shares of the Issuer's Common Stock held by LLR Equity
Partner's, L.P, and 479,955 shares of the Issuer's Common Stock held by LLR
Equity Partners Parallel, L.P. By virtue of his position as a Partner of LLR
Capital, L.P., which is the General Partner of LLR Equity Partners and its
affiliated investment funds, Mr. Hollin may be deemed to beneficially own these
shares. Beneficial ownership also includes 656,250 shares of common stock that
are subject to an option granted to Robert O. Carr. Also includes an option
granted to Mr. Hollin to purchase 5,000 shares of the Issuer's Common Stock. As
of December 31, 2005, the option was immediately exercisable.
((2)) Includes 4,729,295 shares of the Issuer's Common Stock held by LLR Equity
Partner's, L.P, and 479,955 shares of the Issuer's Common Stock held by LLR
Equity Partners Parallel, L.P. LLR Capital, L.P. is the General Partner of LLR
Equity Partners and its affiliated investment funds, and consequently, LLR
Capital, L.P. may be deemed to beneficially own these shares. Beneficial
ownership includes 656,250 shares of common stock that are subject to an option
granted to Robert O. Carr.
((3)) All percentages herein are based on 34,159,843 shares of Common Stock
reported to be outstanding as of November 3, 2005, as reported on Form 10-Q
filed with the SEC by the Issuer for the quarter ended September 30, 2005.