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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
QUINTEL ENTERTAINMENT, INC.
---------------------------
(Name of Issuer)
$.001 Par Value Common Stock
----------------------------
(Title of Class of Securities)
748762 10 1
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(CUSIP Number)
Steven L. Feder, c/o Psychic Readers Network, Inc.
2455 E. Sunrise Boulevard, Ft. Lauderdale, FL 33304
(954) 563-5464
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 4, 1997
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(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 .
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 the
disclosures provided in a prior cover page.
The information required in 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).
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<TABLE>
<CAPTION>
CUSIP NO. 748762 10 1 Page 2
<S> <C>
Names of Reporting Person:
Steven L. Feder
1
SS or ISA Identification Nos. of Above Person
Check the Appropriate Box if a Member of a Group*
2 (a)[x]
(b)
SEC use only
3
Source of Funds*
4
AF, PF
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
5 [ ]
Citizenship or Place of Organization
6
USA
7 Sole voting power
1,256,500
Number of shares
beneficially 8 Shared voting power
owned by each
reporting person 109,000
with
9 Sole dispositive power
1,256,500
10 Shared dispositive power
109,000
Aggregate Amount Beneficially Owned by Each Reporting Person
11
1,365,500
Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
[X]
12
Percent of Class Represented by Amount in Row (11)
13
7.4
Type of Reporting Person*
14
IN
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
CUSIP NO. 748762 10 1 Page 3
<S> <C>
Names of Reporting Person:
Thomas H. Lindsey
1
SS or ISA Identification Nos. of Above Person
Check the Appropriate Box if a Member of a Group*
2 (a)[x]
(b)
SEC use only
3
Source of Funds*
4
AF, PF
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
5 [ ]
Citizenship or Place of Organization
6
USA
Sole voting power
7
1,256,500
Number of shares Shared voting power
beneficially 8
owned by each 109,000
reporting person
with Sole dispositive power
9
1,256,500
Shared dispositive power
10
109,000
Aggregate Amount Beneficially Owned by Each Reporting Person
11
1,365,500
Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
[X]
12
Percent of Class Represented by Amount in Row (11)
13
7.4
Type of Reporting Person*
14 IN
</TABLE>
<PAGE> 4
<TABLE>
<S> <C>
CUSIP NO. 748762 10 1 Page 4
Names of Reporting Person:
Peter Stolz
1
SS or ISA Identification Nos. of Above Person
Check the Appropriate Box if a Member of a Group*
2 (a)[x]
(b)
SEC use only
3
Source of Funds*
4
AF, PF
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
5 [ ]
Citizenship or Place of Organization
6
USA
Sole voting power
7
431,000
Number of shares Shared voting power
beneficially 8
owned by each 0
reporting person
with Sole dispositive power
9
431,000
Shared dispositive power
10
0
Aggregate Amount Beneficially Owned by Each Reporting Person
11
431,000
Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
12 [X]
Percent of Class Represented by Amount in Row (11)
13 2.3
Type of Reporting Person*
14
IN
</TABLE>
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The joint statement on Schedule 13D of Steven L. Feder, Thomas H.
Lindsey and Peter Stolz is hereby amended as follows:
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is amended by the addition thereto of the following:
On February 4, 1997, Steven L. Feder and Thomas H. Lindsey each sold
167,500 shares of Common Stock in open market transactions at a sale price of
$9.0625 per share.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended by the deletion thereof in its entirety and the
substitution therefor of the following:
(a) The Reporting Persons beneficially own the following amounts of
Common Stock:
(1) Feder has sole power to vote and direct the
disposition of 1,256,500 shares of Common Stock and shared power to vote and
direct the disposition of 109,000 shares of Common Stock. Feder beneficially
owns in the aggregate 1,365,500 shares of Common Stock, representing
approximately 7.4% of the Common Stock.
(2) Lindsey has sole power to vote and direct the
disposition of 1,256,500 shares of Common Stock and shared power to vote and
direct the disposition of 109,000 shares of Common Stock. Lindsey beneficially
owns in the aggregate 1,365,500 shares of Common Stock, representing
approximately 7.4% of the Common Stock.
(3) Stolz has sole power to vote and direct the
disposition of 431,000 shares of Common Stock, representing approximately 2.3%
of the Common Stock.
Pursuant to Rule 13d-5(b)(1) of the Exchange Act, the group that may
be formed by the Reporting Persons may be deemed to be the beneficial owner of
all of the 3,053,000 shares of Common Stock beneficially owned by all of the
Reporting Persons, which represents approximately 16.5% of the Common Stock.
Each Reporting Person disclaims beneficial ownership of the Common Stock
beneficially owned by the other Reporting Persons, except for 109,000 shares of
Common Stock owned by Feder and Lindsey as joints tenants with rights of
survivorship, as to which only Stolz disclaims beneficial ownership.
5(c)
(i) Feder
<TABLE>
<CAPTION>
Purchase Number Price/
Date or Sale of Shares Share How Effected
- ---- -------- --------- ------ ------------
<S> <C> <C> <C> <C>
2/4/97 Sale 167,500 $9.0625 Open Market Sale
</TABLE>
(ii) Lindsey
<TABLE>
<CAPTION>
Purchase Number Price/
Date or Sale of Shares Share How Effected
- ---- -------- --------- ------ ------------
<S> <C> <C> <C> <C>
2/4/97 Sale 167,500 $9.0625 Open Market Sale
</TABLE>
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: February 28, 1997.
/s/ Steven L. Feder
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Steven L. Feder
/s/ Thomas H. Lindsey
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Thomas H. Lindsey
/s/ Peter Stolz
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Peter Stolz
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