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. 5)*
Quintel Communications, Inc.
----------------------------
(Name of Issuer)
Common Stock, $.001 par value
-----------------------------
(Title of Class of Securities)
748762 10 1
(CUSIP Number)
Steven L. Feder
c/o Psychic Readers Network, Inc.
2455 E. Sunrise Boulevard
Fort Lauderdale, Florida 33304
(954) 563-5464
--------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 4, 1999
(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 statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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
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 (the "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).
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE 13D
- ---------------------------------------- -------------------------------------------------
<S> <C>
CUSIP No. 748762 10 1 Page 2 of 7 Pages
- ---------------------------------------- -------------------------------------------------
- ----------- ---------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS
Steven L. Feder
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
2
(b) [X]
- ----------- ---------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ----------- ---------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK BOX 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
Number of 347,195
Shares
Beneficially
Owned by
Each
Reporting
Person
With
--------- ----------------------------------------------------------------------------------------
SHARED VOTING POWER
8
0
--------- ----------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
347,195
--------- ----------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ----------- ---------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
347,195
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
12
- ----------- ---------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.3%
- ----------- ---------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- ---------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------------------- -------------------------------------------------
CUSIP No. 748762 10 1 Page 3 of 7 Pages
- ---------------------------------------- -------------------------------------------------
- ----------- ---------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS
Thomas H. Lindsey
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
2
(b) [X]
- ----------- ---------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ----------- ---------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK BOX 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
Number of 677,376
Shares
Beneficially
Owned by
Each
Reporting
Person
With
--------- ----------------------------------------------------------------------------------------
SHARED VOTING POWER
8
0
--------- ----------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
677,376
--------- ----------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ----------- ---------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
677,376
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
12
- ----------- ---------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.5%
- ----------- ---------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- ---------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ---------------------------------------- -------------------------------------------------
CUSIP No. 748762 10 1 Page 4 of 7 Pages
- ---------------------------------------- -------------------------------------------------
- ----------- ---------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NOs. OF ABOVE PERSONS
Peter Stolz
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
2
(b) [X]
- ----------- ---------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ----------- ---------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK BOX 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
Number of 98,710
Shares
Beneficially
Owned by
Each
Reporting
Person
With
--------- ----------------------------------------------------------------------------------------
SHARED VOTING POWER
8
0
--------- ----------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
98,710
--------- ----------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ----------- ---------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
98,710
- ----------- ---------------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
12
- ----------- ---------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.7%
- ----------- ---------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
The joint statement on Schedule 13D of Steven L. Feder ("Feder"),
Thomas H. Lindsey ("Lindsey") and Peter Stolz ("Stolz") is hereby amended as
follows:
Item 1. Security and Issuer.
Item 1 is amended by deleting the last sentence of the item and
substituting therefor the following:
As of June 9, 1999, Quintel Communications, Inc. (the "Company") had
15,079,746 shares of common stock ("Common Stock") issued and outstanding.
Item 2. Identity and Background.
N/A
Item 3. Source and Amount of Funds or Other Consideration.
N/A
Item 4. Purpose of Transaction.
N/A
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) and (b) As of June 4, 1999, each of the Reporting Person
beneficially owns the number of shares of Common Stock listed below.
(1) Feder has sole power to vote and direct the
disposition of 347,195 shares of Common Stock,
representing approximately 2.3% of the Common Stock.
(2) Lindsey has sole power to vote and direct the
disposition of 677,376 shares of Common Stock,
representing approximately 4.5% of the Common Stock.
(3) Stolz has sole power to vote and direct the
disposition of 98,710 shares of Common Stock,
representing approximately 0.7% of the Common Stock.
(c) On April 28, 1999, Feder sold the following shares of Common Stock
in open market transactions at the following sales prices per share: 5,300
shares at $2.50 per share; and 2,000 shares at $2.563 per share. Effective as of
June 4, 1999, Feder sold 700,000 shares of Common Stock to the Company for an
aggregate purchase price of $945,000, pursuant to a Redemption Agreement among
the Company, Defer Limited Partnership and Feder (the "Feder Redemption
Agreement").
On May 6, 1999, Lindsey sold the following shares of Common Stock in
open market transactions at the following sales prices per share: 37,000 shares
at $1.75 per share; and 2,000 shares at $1.781 per share. Effective as of June
4, 1999, Lindsey sold 300,000 shares of Common Stock to the Company for an
aggregate purchase price of $405,000, pursuant to a Redemption Agreement among
the Company, Maslin Limited Partnership and Lindsey (the "Lindsey Redemption
Agreement"). On June 8, 1999, Lindsey sold 5,000 shares of Common Stock at
$1.625 per share in an open market transaction. On June 23, 1999, Lindsey sold
50,000 shares of Common Stock at $1.50 per share in an open market transaction.
On June 24, 1999, Lindsey sold 5,000 shares of Common Stock at $1.625 per share
in an open market transaction. On June 29, 1999, Lindsay sold 11,000 shares of
Common Stock at $1.562 in an open market transaction.
Effective as of June 4, 1999, Stolz sold 300,000 shares of Common Stock
to the Company for an aggregate purchase price of $405,000, pursuant to a
Redemption Agreement among the Company, P. Stolz Family Partnership, L.P. and
Stolz (the "Stolz Redemption Agreement" and collectively with the Feder
Redemption Agreement and the Lindsey Redemption Agreement, the "Redemption
Agreements").
(e) Each of Feder and Lindsey ceased to be the owners of more than
five percent of the Common Stock as of June 4, 1999. Stolz has never been an
owner of more than five percent of the Common Stock. Each of the Reporting
Page 5 of 7 Pages
<PAGE>
Persons disclaim that they were ever part of a 13D group and further disclaim
beneficial ownership, at any time, of any shares of Common Stock owned by any
other Reporting Person, except as to 109,000 shares of Common Stock that were
owned by Feder and Lindsey as joint tenants with right of survivorship. Stolz
has disclaimed and continues to disclaim beneficial ownership of the Common
Stock owned jointly by Feder and Lindsey.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Pursuant to each of the Feder Redemption Agreement, the Lindsey
Redemption Agreement and the Stolz Redemption Agreement, the provisions of
Sections 3.2, 3.3 and 3.4 of that certain Agreement among the Company, Calling
Card Co., Inc. and Psychic Readers Network, Inc. dated as of January 17, 1996
were terminated in their entirety as of June 4, 1999. As set forth above, each
of the Reporting Persons disclaim that they were ever part of a 13D group and
further disclaim that they had beneficial ownership, at any time, of any shares
of Common Stock owned by any other Reporting Person, except as to 109,000 shares
of Common Stock that were owned by Feder and Lindsey as joint tenants with right
of survivorship. Stolz has disclaimed and continues to disclaim beneficial
ownership of the Common Stock owned jointly by Feder and Lindsey.
Item 7. Material to be Filed as Exhibits
Exhibit A Redemption Agreement among the Company, Defer Limited
Partnership and Feder (Incorporated by reference to
the Form 8-K of Quintel Communications, Inc. (File
No. 0-27046) filed on June 4, 1999).
Exhibit B Redemption Agreement among the Company, Maslin
Limited Partnership and Lindsey (Incorporated by
reference to the Form 8-K of Quintel Communications,
Inc. (File No. 0-27046) filed on June 4, 1999).
Exhibit C Redemption Agreement among the Company, P. Stolz
Family Partnership, L.P. and Stolz (Incorporated by
reference to the Form 8-K of Quintel Communications,
Inc. (File No. 0-27046) filed on June 4, 1999).
Page 6 of 7 Pages
<PAGE>
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: July 9, 1999 /s/ Steven L. Feder
---------------------------
Steven L. Feder
/s/ Thomas H. Lindsey
---------------------------
Thomas H. Lindsey
/s/ Peter Stolz
---------------------------
Peter Stolz
Page 7 of 7 Pages
