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FORM 3 OMB APPROVAL
OMB NUMBER 3235-0104
UNITED STATES SECURITIES AND EXCHANGE COMMISSION EXPIRES: SEPTEMBER 30, 1998
WASHINGTON, D.C. 20549 ESTIMATED AVERAGE BURDEN
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES HOURS PER RESPONSE......0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
(Print or Type Responses) Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person* 2. Date of Event 4. Issuer Name and Ticker or Trading Symbol
Requiring Statement
(Month/Day/Year)
KU LEARNING, L.L.C.
January 14, 1998 Nobel Education Dynamics, Inc. (NEDI)
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(Last) (First) (Middle) 3. IRS or Social 5. Relationship of 6. If Amendment,
Security Number of Reporting Person Date of Original
Reporting Person to Issuer (Month/Day/Year)
844 Moraga Drive (Voluntary) (Check all applicable)
N/A
_____ Director ____X____ 10%
Owner
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(Street) (give title below) (specify below)
7. Individual or Joint/Group Filing
(Check Applicable Line)
Los Angeles, CA 90049 Form filed by One Reporting Person
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X Form filed by More than One
---Reporting Person
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(City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Direct (D) Beneficial Ownership
Owned or Indirect (I) (Instr. 5)
(Instr. 5)
(Instr. 4)
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(1)
Common Stock 1,283,500 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v) SEC 1473 (7/96)
(1) The persons identified on the attached Joint Filer Information statement may be deemed to
have indirect beneficial ownership of the shares.
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS,
CONVERTIBLE SECURITIES)
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1.Title of Derivative 2. Date Exercisable 3.Title and Amount of 4. Conversion or 5. Ownership Form 6. Nature of
Security and Expiration Date Securities Underlying Exercise Price of of Derivative Indirect
(Instr. 4) (Month/Day/Year) Derivative Security Derivative Security: Direct Beneficial
(Instr. 4) Security (D) or Indirect (I) Ownership
(Instr. 5) (Instr. 5)
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Date Exer- Expira- Amount or
cisable tion Date Title Number of Shares
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Explanation of Responses:
KU LEARNING, L.L.C.
a Delaware limited liability company
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
By: /S/ RONALD PACKARD 1/23/98
____________________________________ _______
Ronald Packard
Vice President and Treasurer
**Signature of Reporting Person Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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SEC 1473 (7/96)
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JOINT FILER INFORMATION
Nature of Indirect Beneficial Ownership (All Joint Filers)
The Designated Filer for this Form 3 is KU Learning, L.L.C., a Delaware
limited liability company ("KU Learning"). Each of the following is a Joint
Filer with KU Learning, and may be deemed, for reasons set forth hereinbelow, to
share indirect beneficial ownership with KU Learning in the shares that KU
Learning owns directly: EDU, L.L.C., a Delaware limited liability company
("EDU"), Knowledge Universe, L.L.C., a Delaware limited liability company
("Knowledge Universe"), ET Holdings, L.L.C., a Delaware limited company ("ET
Holdings"), ET Consolidated, L.L.C., a Delaware limited liability company ("ET
Consolidated"), Hampstead Associates, L.L.C., a Delaware limited liability
company, ("Hampstead"), Mollusk Holdings, LLC, a California limited liability
company ("Mollusk"), Cephalopod Corporation, a California corporation
("Cephalopod"), Lawrence Investments , LLC, a California limited liability
company ("Lawrence"), Lawrence J. Ellison, an individual ("Ellison"), Ridgeview
Associates, LLC, a California limited liability company ("Ridgeview"), Michael
R. Milken, an individual and Lowell J. Milken, an individual (collectively, the
"Reporting Persons"). Except as otherwise indicated, the address of the
Reporting Persons is 844 Moraga Drive, Los Angeles, California 90049. The
address of Mollusk is c/o Andrew L. Dudnick, 351 California Street, 15th Floor,
San Francisco, CA 94104. The address of Cephalopod and Ellison is c/o Carolyn
Balkenhol, Oracle Corporation, 500 Oracle Parkway, Redwood Shores, CA 94065. The
address of Lawrence is c/o Philip B. Simon, 101 Ygnacio Valley Road, Suite 310,
Walnut Creek, CA 94596.
The Designated Filer and the Joint Filers beneficially own an aggregate
of 1,283,500 shares of the Common Stock. KU Learning has the power to vote and
dispose of all such shares.
EDU is a Reporting Person because it purchased a portion of the Shares
which are now held by KU Learning. Knowledge Universe is the manager of KU
Learning, and in such capacity may be deemed to have the power to direct the
voting and disposition of, and to share beneficial ownership of, any shares of
the Common Stock beneficially owned by KU Learning. ET Holdings is the manager
and a member of Knowledge Universe, and in such capacities may be deemed to have
the power to direct the voting and disposition of, and to share beneficial
ownership of, any shares of the Common Stock beneficially owned by Knowledge
Universe. ET Consolidated is the manager and a member of ET Holdings, and in
such capacities may be deemed to have the power to direct the voting and
disposition of, and to share beneficial ownership of, any shares of the Common
Stock beneficially owned by ET Holdings. Hampstead is the manager and a member
of ET Consolidated, and in such capacities may be deemed to have the power to
direct the voting and disposition of, and to share beneficial ownership of, any
shares of the Common Stock beneficially owned by ET Consolidated. Mollusk, as a
member of Hampstead, and by virtue of its ability to act as, or appoint, a
co-manager of Hampstead, may be deemed to have the power to direct the voting
and disposition of, and to share beneficial ownership of any shares of the
Common Stock beneficially owned by Hampstead. Cephalopod and Lawrence are the
managers and members of Mollusk, and in such capacities may be deemed to have
the power to direct the voting and disposition of, and to share beneficial
ownership of,
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any shares of the Common Stock beneficially owned by Mollusk. Ridgeview is the
manager and a member of Hampstead, and in such capacities may be deemed to have
the power to direct the voting and disposition of, and to share beneficial
ownership of, any shares of the Common Stock beneficially owned by Hampstead.
Michael R. Milken, Lowell J. Milken and Ellison may each be deemed to be a
controlling person of Hampstead, ET Consolidated, ET Holdings, Knowledge
Universe and KU Learning and, in such capacity, may each be deemed to have the
power to direct the voting and disposition of, and to share beneficial ownership
of, any shares of the Common Stock beneficially owned by those entities. Michael
R. Milken and Lowell J. Milken may each be deemed to be a controlling person of
Ridgeview and Ellison may be deemed to be a controlling person of Cephalopod and
Lawrence and, in such capacities, they may each be deemed to have the power to
direct the voting and disposition of, and to share beneficial ownership of, any
shares of the Common Stock beneficially owned by Ridgeview, in the case of
Michael R. Milken and Lowell J. Milken, and Cephalopod and Lawrence, in the case
of Ellison.
Addition Information and Signatures
Name: EDU, L.L.C.,
Address: 844 Moraga Drive, Los Angeles, CA 90049
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
Dated: January 23, 1998 EDU, L.L.C,
a Delaware limited liability company
By: HAMPSTEAD ASSOCIATES, L.L.C.,
a Delaware limited liability company
Its: Manager
By: RIDGEVIEW ASSOCIATES, LLC,
a California limited liability company
Its: Manager
/s/ LOWELL J. MILKEN
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By: Lowell J. Milken
Its: Manager
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Name: KNOWLEDGE UNIVERSE, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
Dated: January 23, 1998
KNOWLEDGE UNIVERSE, L.L.C.,
a Delaware limited liability company
/s/ STANLEY E. MARON
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By: Stanley E. Maron
Its: Secretary
Name: ET HOLDINGS, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
Dated: January 23, 1998 ET HOLDINGS, L.L.C.,
a Delaware limited liability company
/s/ STEVEN B. FINK
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By: Steven B. Fink
Its: President
3
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Name: ET CONSOLIDATED, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
Dated: January 23, 1998 ET CONSOLIDATED, L.L.C.,
a Delaware limited liability company
By: HAMPSTEAD ASSOCIATES, L.L.C.,
a Delaware limited liability company
Its: Manager
By: RIDGEVIEW ASSOCIATES, LLC,
a California limited liability company
Its: Manager
/s/ LOWELL J. MILKEN
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By: Lowell J. Milken
Its: Manager
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Name: HAMPSTEAD ASSOCIATES, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
Dated: January 23, 1998 HAMPSTEAD ASSOCIATES, L.L.C.,
a Delaware limited liability company
By: RIDGEVIEW ASSOCIATES, LLC
a California limited liability company
Its: Manager
/s/ LOWELL J. MILKEN
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By: Lowell J. Milken
Its: Manager
Name: MOLLUSK, LLC
Address: c/o Andrew L. Dudnick, 351 California Street, 15th Floor, San
Francisco, CA 94104
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
Dated: January 23, 1998 MOLLUSK HOLDINGS, LLC,
a California limited liability company
By: CEPHALOPOD CORPORATION
Its: Manager
/s/ LAWRENCE J. ELLISON
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By: Lawrence J. Ellison
Its: Chief Executive Officer
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Name: CEPHALOPOD CORPORATION
Address: c/o Carolyn Balkenhol, Oracle Corporation, 500 Oracle Parkway, Redwood
Shores, CA 94065
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
Dated: January 23, 1998 CEPHALOPOD CORPORATION,
a California limited liability company
/s/ LAWRENCE J. ELLISON
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By: Lawrence J. Ellison
Its: Chief Executive Officer
Name: LAWRENCE INVESTMENTS, LLC.
Address: c/o Philip B. Simon, 101 Ygnacio Valley Road, Suite 310, Walnut
Creek, CA 94596
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
Dated: January 23, 1998 LAWRENCE INVESTMENTS, LLC,
a California limited liability company
/s/ LAWRENCE J. ELLISON
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By: Lawrence J. Ellison
Its: Manager
6
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Name: RIDGEVIEW ASSOCIATES, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Education Dynamics, Inc. (NEDI)
Date of Event Requiring Statement: January 14, 1998
RIDGEVIEW ASSOCIATES, LLC,
a California limited liability company
/s/ LOWELL J. MILKEN
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By: Lowell J. Milken
Its: Manager
Dated: January 23, 1998 /s/ MICHAEL R. MILKEN
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Michael R. Milken, an individual
Dated: January 23, 1998 /s/ LOWELL J. MILKEN
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Lowell J. Milken, an individual
Dated: January 23, 1998 /s/ LAWRENCE J. ELLISON
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Lawrence J. Ellison, an individual
7
