<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934*
Whitman Education Group, Inc.
-----------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------
(Title of Class of Securities)
966524100
---------
(CUSIP Number)
November 23, 1999
-----------------
(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).
<PAGE>
- ------------------- -----------------
CUSIP No. 966524100 13G Page 2 of 7 Pages
- ------------------- -----------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bedford Oak Partners, L.P. 06-1504646
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 36,050
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
36,050
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,050
- ---------- ---------------------------------------------------------------------
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
0.3%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- ------------------- -----------------
CUSIP No. 966524100 13G Page 3 of 7 Pages
- ------------------- -----------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bedford Oak Advisors, LLC 13-4007123
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 36,050
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
36,050
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,050
- ---------- ---------------------------------------------------------------------
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
0.3%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- ------------------- -----------------
CUSIP No. 966524100 13G Page 4 of 7 Pages
- ------------------- -----------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harvey P. Eisen
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 36,050
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
36,050
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,050
- ---------- ---------------------------------------------------------------------
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
0.3%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Item 1(a): Name of Issuer:
- ---------- ---------------
Whitman Education Group, Inc. (the "Company").
Item 1(b): Address of Issuer's Principal Executive Offices:
- ---------- ------------------------------------------------
4400 Biscayne Boulevard
Miami, Florida 33137
Items 2(a) Name of Person Filing; Address of Principal
- ---------- -------------------------------------------
and 2(b): Business Office:
- --------- ----------------
This statement is filed by and on behalf of
(i) Bedford Oak Partners, L.P., ("BOP") (ii)
Bedford Oak Advisors, LLC, in its capacity as
investment manager of BOP ("BOA"), and (iii)
Harvey Eisen, in his capacity as managing
member of BOA. The principal business address
of each reporting person is 100 South Bedford
Road, Mt. Kisco, New York, 10549.
The shares of Common Stock, no par value, of
the Company which are the subject of this
statement are held directly by BOP.
Item 2(c): Citizenship:
- ---------- ------------
BOP is a Delaware limited partnership.
BOA is a Delaware limited liability company.
Mr. Eisen is a United States citizen.
Item 2(d): Title of Class of Securities:
- ---------- -----------------------------
Common Stock, no par value ("Common Stock")
Item 2(e): CUSIP Number:
- ---------- -------------
966524100
Item 3: If this statement is filed pursuant toss. 240.13d-1(c),
- ------- -------------------------------------------------------
check this box. [X]
---------------
Items 4(a)-(c): Ownership:
- --------------- ----------
As of the date of this statement:
(i) BOP is deemed to have beneficial
ownership for purposes of Section 13(d) of
the Securities and Exchange Act of 1934
("Beneficial Ownership") of 36,050 shares of
Common Stock. Such shares represent 0.3% of
the issued and outstanding Common Stock. BOP
shares voting and dispositive power over its
holdings of Common Stock with BOA and Mr.
Eisen.
(ii) BOA is deemed to have Beneficial
Ownership of 36,050 shares of Common Stock by
virtue of its position as investment manager
of BOP. Such shares represented 0.3% of the
issued and outstanding Common Stock. BOA
shares voting and dispositive power over its
shares with BOP and Mr. Eisen.
-5-
<PAGE>
(iii) Mr. Eisen is deemed to have Beneficial
Ownership of 36,050 shares of Common Stock by
virtue of his position as the managing member
of BOA. Such shares represent 0.3% of the
issued and outstanding Common Stock. Mr.
Eisen shares voting power and dispositive
power over such shares with BOP and BOA.
The percentages used herein are calculated
based upon the 13,449,681 shares of Common
Stock stated to be issued and outstanding as
of November 5, 1999, as reflected in the
Company's Quarterly Report on Form 10-Q for
the quarter ended September 30, 1999.
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:
-------
No person other than BOP, BOA or Mr. Eisen is
known to have the right to receive or the
power to direct the receipt of dividends from
or the proceeds of sale of shares of Common
Stock.
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:
- -------- --------------
By signing below each of the undersigned
certifies that, to the best of the
undersigned's 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.
-6-
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SIGNATURE
---------
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: December 1, 1999
BEDFORD OAK PARTNERS, L.P.
By: BEDFORD OAK MANAGEMENT, LLC,
its general partner
By: /s/ Harvey P. Eisen
------------------------------
Harvey P. Eisen
Chairman and Managing Member
BEDFORD OAK ADVISORS, LLC
By: /s/ Harvey P. Eisen
------------------------------
Harvey P. Eisen
Chairman and Managing Member
/s/ Harvey P. Eisen
------------------------------
Harvey P. Eisen
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