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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
Cablevision Systems Corporation
(Name of Issuer)
Class A Common Stock, par value $.01 per share
(Title of Class of Securities)
12686C-10-9
(CUSIP Number)
Check the following box if a fee is being paid with this statement. [ ] (A fee
is not required only if the filing person:(1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.)(See Rule 13d-7).
*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
disclosure 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 the section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 7 Pages
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CUSIP No. 12686C-10-9 13G
- --------------------------------------------------------------------------------
1. Names of Reporting Persons Helen A. Dolan
S.S. or I.R.S. Identifica- ###-##-####
tion Nos. of Above Persons
- --------------------------------------------------------------------------------
2. Check the Appropriate Box (a)
if a Member of a Group
(b)
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of U.S.A.
Organization
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially -----------------------------------------
Owned by Each Reporting (6) Shared Voting
Person with Power 4,276,150
-----------------------------------------
(7) Sole Dispositive
Power 0
- --------------------------------------------------------------------------------
(8) Shared Dispositive
Power 4,276,150
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially
Owned by Each Reporting Person 4,276,150
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount
in Row (9) Excludes Certain
Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented
by Amount in Row 9 23.5%
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12. Type of Reporting Person IN
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Page 2 of 7 Pages
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CUSIP No. 12686C-10-9 13G
CONTINUATION PAGES OF AMENDMENT NO. 4
TO SCHEDULE 13G FILED BY
HELEN A. DOLAN
In accordance with Rule 101(a)(2)(ii) of Securities and Exchange
Commission Regulation S-T, this Amendment No. 4 to Schedule 13G, dated March
16, 1988, as amended by Amendment No. 1 thereto, dated August 30, 1991,
Amendment No. 2 thereto, dated February 11, 1993, and Amendment No. 3 thereto,
dated January 6, 1995 (as so amended, the "Schedule 13G"), previously filed by
Helen A. Dolan, restates the Schedule 13G.
Item 1(a) Name of Issuer:
Cablevision Systems Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
One Media Crossways
Woodbury, New York 11797
Item 2(a) Name of Person Filing:
Helen A. Dolan
Item 2(b) Address of Principal Business Office:
Cove Neck Road
Oyster Bay, New York 11771
Item 2(c) Citizenship:
U.S.A.
Item 2(d) Title of Class of Securities:
Class A Common Stock
Item 2(e) CUSIP Number:
12686C-10-9
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of the
Act
(b) ( ) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a)(19) of
the Act
(d) ( ) Investment Company registered under Section 8 of the
Investment Company Act
(e) ( ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
Page 3 of 7 Pages
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CUSIP No. 12686C-10-9 13G
(f) ( ) Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F)
(g) ( ) Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G)
(h) ( ) Group, in accordance with Section 240.13d-1(b)(1)(ii)
(H)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the
year covered by the statement, or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds five percent,
provide the following information as of that date and identify those
shares which there is a right to acquire.
(a) Amount Beneficially Owned
4,276,150 (as of December 31, 1995)
(b) Percent of Class:
23.5% (as of December 31, 1994)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 4,276,150
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition
of: 4,276,150
Item 5. Ownership of Five Percent or Less of a Class
If the 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
[ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
See Exhibit A.
Item 7. Identification and Classification of the Subsidiary Which
Page 4 of 7 Pages
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CUSIP No. 12686C-10-9 13G
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.
Not applicable because the statement is filed pursuant to Rule
13d-1(c).
Page 5 of 7 Pages
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CUSIP No. 12686C-10-9 13G
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.
Date: February 8, 1996
Signature: /s/ Helen A. Dolan
By William A. Frewin, Jr.
----------------------------------------
Name/Title: Helen A. Dolan
By William A. Frewin, Jr., as
attorney-in-fact
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CUSIP No. 12686C-10-9 13G
Exhibit A
The Dolan Family Foundation, a New York not for profit corporation (the
"Foundation"), as of December 31, 1995, owned 271,150 shares of Class A Common
Stock, par value $.01 per share (the "Class A Common Stock"), of Cablevision
Systems Corporation, a Delaware corporation (the "Issuer"). The Foundation is
organized as a Membership Corporation. The sole members, with lifetime terms, of
the Foundation are Helen A. Dolan ("Mrs. Dolan") and her husband, Charles F.
Dolan ("Mr. Dolan"). Mrs. Dolan does not have an economic interest in such
shares, but as a member with her husband, does have the power to elect the
directors of the Foundation and thus the indirect power to vote and dispose of
such shares. Under certain rules of the Securities and Exchange Commission, so
long as Mrs. Dolan retains such powers, she is deemed to have beneficial
ownership thereof.
Mrs. Dolan, as of December 31, 1995, owned directly 5,000 shares of
Class A Common Stock. Although Mrs. Dolan retains all economic interest in such
shares, Mr. Dolan may be deemed a beneficial owner thereof.
On December 31, 1994, Mr. Dolan established, for estate planning
purposes, the Charles F. Dolan 1994 Grantor Retained Annuity Trust (the
"Trust"), which, as of December 31, 1995, owned 4,000,000 shares of Class B
Common Stock of the Issuer, par value $.01 per share (the "Class B Common
Stock"). Class B Common Stock of the Issuer is convertible at the option of the
holder share for share into Class A Common Stock of the Issuer. For two years
or until the earlier death of Mr. Dolan, the Trust will pay to Mr. Dolan a
certain percentage of the fair market value of the property initially
contributed to the Trust (the "Annuity"). If Mr. Dolan dies during such
two-year term and is survived by Mrs. Dolan, the remaining portion of the
Annuity will be paid to Mrs. Dolan until the earlier of her death or the
expiration of such two-year term, provided that Mr. Dolan may revoke Mrs.
Dolan's right to receive such payments. In addition, the trustees of the Trust
may pay to Mr. Dolan (or, if Mr. Dolan dies within such two-year term, to Mrs.
Dolan) such amounts in excess of the Annuity as the Trustees in their
discretion may deem advisable. If Mr. Dolan is living at the expiration of the
term of the Trust, the remainder will pass into another trust for the benefit
of Mrs. Dolan and all descendants of Mr. Dolan living at any time and from time
to time. If Mr. Dolan is not living at the expiration of the term of the Trust,
the then principal of the Trust will revert to his estate. The two co-trustees
of the Trust are Mrs. Dolan and Lawrence Dolan who have the shared power to
vote and dispose of such shares. Under certain rules of the Securities and
Exchange Commission, so long as Mrs. Dolan retains such powers, she is deemed
to have beneficial ownership thereof.
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