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- ------ U.S. SECURITIES AND EXCHANGE COMMISSION ------------------------------
FORM 4 WASHINGTON, DC 20549 OMB APPROVAL
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
[ ] Check box if no Expires: September 30, 2001
longer subject to Filed pursuant to Section 16(a) of the Securities Estimated average burden
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the hours per response.........0.6
or Form 5 obligations Public Utility Holding Company Act of 1935 ------------------------------
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
KU LEARNING, L.L.C. NOBEL LEARNING COMMUNITIES, INC. (NLCI) Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- Director X 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
844 MORAGA DRIVE Number of Reporting Month/Year Officer (give Other (Specify
- --------------------------------------------- Person (Voluntary) NOVEMBER 1999 ---- title --- below)
(Street) ------------------ below)
LOS ANGELES, CALIFORNIA 90049 5. If Amendment,
- --------------------------------------------- Date of Original --------------------------------
(City) (State) (Zip) (Month/Year)
7. Individual or Joint/Group Filing
------------------ (Check applicable line)
Form filed by one
---- Reporting Person
X Form filed by more than
---- one Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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COMMON STOCK 11/08/1999 P 600,000 A $6.25 1,883,500(1) D
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*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(1) The persons identified on the attached Joint Filer Information statement may be deemed to have indirect beneficial ownership of
the shares.
(Print or Type Response) (8/96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Code V (A) (D) Date Expira- Title Amount or
Exer- tion Number of
cisable Date Shares
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1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ STANLEY E. MARON December 8, 1999
Note: File three copies of this Form, one of which must be manually signed. ------------------------------- ----------------
If space provided is insufficient, see Instruction 6 for procedure. Stanley E. Maron Date
Assistant Secretary
KU Learning, L.L.C.
Potential persons who are to respond to the collection of information **Signature of Reporting Person Page 2 of 2
contained in this form are not required to respond unless the form SEC 1474 (7/96)
displays a currently valid OMB Number.
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JOINT FILER INFORMATION
Nature of Indirect Beneficial Ownership (All Joint Filers)
The Designated Filer for this Form 4 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 herein
below, to share indirect beneficial ownership with KU Learning in the shares
that KU Learning owns directly: Knowledge Universe Learning, Inc. a Delaware
corporation ("KUL, Inc."), Knowledge Universe, Inc., a Delaware corporation
("KU, Inc."), 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 1,883,500 shares of the Common Stock. KU Learning has the power to
vote and dispose of all such shares.
KUL, Inc. is the sole member 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 Common Stock beneficially owned by
KU Leaning. KU, Inc. is the sole stockholder of KUL, Inc., 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 Common Stock beneficially owned by
KUL, Inc. Knowledge Universe is the sole stockholder of KU, Inc., 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, Inc. 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
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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, 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, KU, Inc., KUL, Inc. 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.
Additional Information and Signatures
Name: KNOWLEDGE UNIVERSE LEARNING, INC.
Address: 844 Moraga Drive, Los Angeles, CA 90049
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
KNOWLEDGE UNIVERSE LEARNING, INC.,
a Delaware corporation
/s/ Stanley E. Maron
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By: Stanley E. Maron
Its: Secretary
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Name: KNOWLEDGE UNIVERSE, INC.
Address: 844 Moraga Drive, Los Angeles, CA 90049
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
KNOWLEDGE UNIVERSE, INC.,
a Delaware corporation
/s/ Stanley E. Maron
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By: Stanley E. Maron
Its: Secretary
Name: KNOWLEDGE UNIVERSE, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
KNOWLEDGE UNIVERSE, L.L.C.,
a Delaware limited liability company
/s/ Stanley E. Maron
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By: Stanley E. Maron
Its: Secretary
3
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Name: ET HOLDINGS, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
ET HOLDINGS, L.L.C.,
a Delaware limited liability company
/s/ Stanley E. Maron
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By: Stanley E. Maron
Its: Assistant Secretary
Name: ET CONSOLIDATED, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
ET CONSOLIDATED, L.L.C.,
a Delaware limited liability company
/s/ Stanley E. Maron
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By: Stanley E. Maron
Its: Assistant Secretary
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Name: HAMPSTEAD ASSOCIATES, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
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 HOLDINGS, 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 Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
MOLLUSK HOLDINGS, LLC,
a California limited liability company
By: CEPHALOPOD CORPORATION,
a California 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 Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
CEPHALOPOD CORPORATION,
a California corporation
/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 Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
LAWRENCE INVESTMENTS, LLC,
a California limited liability company
/s/ Lawrence J. Ellison
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By: Lawrence J. Ellison
Its: Manager
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Name: RIDGEVIEW ASSOCIATES, L.L.C.,
Address: (see above)
Designated Filer: KU LEARNING, L.L.C.
Issuer & Ticker Symbols: Nobel Learning Communities, Inc. (NLCI)
Date of Event Requiring Statement: November 8, 1999
Dated: December 8, 1999
RIDGEVIEW ASSOCIATES, LLC,
a California limited liability company
/s/ Lowell J. Milken
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By: Lowell J. Milken
Its: Manager
/s/ Michael R. Milken
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Michael R. Milken, an individual
/s/ Lowell J. Milken
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Lowell J. Milken, an individual
/s/ Lawrence J. Ellison
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Lawrence J. Ellison, an individual
7
