UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934*

                                 Amendment No. 2

                         Imagistics International, Inc.
                         ------------------------------
                                (Name of Issuer)

                          Common Stock, $0.01 par value
                          -----------------------------
                         (Title of Class of Securities)

                                    45247T104
                                    ---------
                                 (CUSIP Number)

                                December 31, 2002
                                -----------------
             (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)

*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 the
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 ("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).






--------------------                                           -----------------
CUSIP No.  45247T104                  13G                      Page 2 of 4 Pages
--------------------                                           -----------------

---------- ---------------------------------------------------------------------
1          NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Gotham Capital V, LLC
---------- ---------------------------------------------------------------------
2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]

                                                                         (b) [X]

---------- ---------------------------------------------------------------------
3          SEC USE ONLY
---------- ---------------------------------------------------------------------
4          CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
-------------------- ------ ----------------------------------------------------
                     5      SOLE VOTING POWER

                            0
                     ------ ----------------------------------------------------
     NUMBER OF       6      SHARED VOTING POWER
      SHARES
   BENEFICIALLY             0
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING       7      SOLE DISPOSITIVE POWER
      PERSON
       WITH                 0

                     ------ ----------------------------------------------------
                     8      SHARED DISPOSITIVE POWER

                            0
---------- ---------------------------------------------------------------------
9          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           0
---------- ---------------------------------------------------------------------
10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

           N/A
---------- ---------------------------------------------------------------------
11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           0.0%
---------- ---------------------------------------------------------------------
12         TYPE OF REPORTING PERSON*

           OO
---------- ---------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!




This Amendment No. 2 on Schedule 13G (this "Amendment No. 2") amends the
Amendment No. 1 to Schedule 13G which was filed on February 14, 2002 ("Amendment
No. 1") with respect to the common stock, par value $0.01 per share ("Common
Stock"), of Imagistics International, Inc. (the "Company"). This Amendment No. 2
is being filed to report, among other things, that Gotham V, LLC, a Delaware
limited liability company (the "Reporting Person"), holds less than 5% of the
total outstanding Common Stock.

Item 4:             Ownership:
------              ---------

Item 4 of Amendment No. 1 is hereby amended and restated in its entirety as
follows:

A.   Gotham Capital V, LLC
--   ---------------------

     (a) Amount beneficially owned: 0
     (b) Percent of class: 0.0%. The percentages used herein and in the rest of
this Amendment No. 2 are calculated based upon the 18,206,057 shares of Common
Stock stated to be issued and outstanding as of October 31, 2002, as reflected
in the Company's Quarterly Report on Form 10-Q for the quarterly period ended
September 30, 2002, filed as of November 13, 2002.
     (c) Number of shares as to which such person has:
         (i)   Sole power to vote or direct the vote: -0-
         (ii)  Shared power to vote or direct the vote: -0-
         (iii) Sole power to dispose or direct the disposition: -0-
         (iv)  Shared power to dispose or direct the disposition: -0-

Item 5:             Ownership of Five Percent or Less of a Class:
------              --------------------------------------------

Item 5 of Amendment No. 1 is hereby amended and restated in its entirety as
follows:

     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 10:            Certification:
-------             -------------

     The Reporting Person hereby makes the following certification:

     By signing below I certify that, to the best of my 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.


                                      -3-




                                    SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

Dated: February 13, 2003

                                        GOTHAM CAPITAL V, LLC

                                        By: /s/ Joel M. Greenblatt
                                            ------------------------------
                                            Name:  Joel M. Greenblatt
                                            Title: Manager





                               [SIGNATURE PAGE TO
                         AMENDMENT NO. 2 TO SCHEDULE 13G
                 WITH RESPECT TO IMAGISTICS INTERNATIONAL, INC.]