<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
AMERICAN CABLE TV INVESTORS 4, LTD.
(Name of Issuer)
UNITS OF LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
------------------------
(CUSIP Number)
February 1, 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)
<PAGE>
SCHEDULE 13G
- ----------------- -------------------------------------------------------------
CUSIP No. PAGE 2 OF 4 PAGES
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Everest Cable Investors, LLC
Stephen Feinberg
W. Robert Kohorst
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California (entities); United States (persons)
- ----------------- -------------------------------------------------------------
- ---------------------------- --------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
6 SHARED VOTING POWER
8,059 Units
7 SOLE DISPOSITIVE POWER
8 SHARED DISPOSITIVE POWER
8,059 Units
- ---------------------------- --------------------------------------------------
- ----------------- -------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,059 Units
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 6.7%
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO; IN
- ----------------- -------------------------------------------------------------
<PAGE>
ITEM 1. ISSUER.
(a) The name of the subject company is American Cable TV Investors 4, Ltd.
(the "Partnership").
(b) The address of the principal executive offices of the Partnership is
5619 DTC Parkway, Englewood, Colorado, 80111.
ITEM 2. PERSONS FILING.
(a) The persons filing this statement on Schedule 13G (the "Statement")
are Everest Cable Investors, LLC ("Everest"), Stephen Feinberg and W.
Robert Kohorst.
(b) The address of the principal place of business of each filing person
except Mr. Feinberg is 199 South Los Robles Avenue, Suite 440,
Pasadena, California 91101. Mr. Feinberg's address is 450 Park Avenue,
28th Floor, New York, New York 10022.
(c) Everest is a California limited liability company. Each of Mr.
Feinberg and Mr. Kohorst is a United States citizen.
(d) This Statement relates to units of limited partnership interest in the
Partnership ("Units").
(e) Not applicable.
ITEM 3. [NOT APPLICABLE]
ITEM 4. OWNERSHIP.
The information from Items 5-11, inclusive, on the cover pages of this Statement
is incorporated herein by reference. The Units are held of record by Everest.
The members of Everest include Blackacre Everest, LLC ("Blackacre Everest"),
Everest Partners, LLC ("Everest Partners") and Everest Properties II, LLC
("Everest Properties II"). Pursuant to the Operating Agreement of Everest, the
consents of Blackacre Everest, Everest Partners and Everest Properties II are
required to vote or dispose of the Units held by Everest. Mr. Feinberg possesses
sole power to determine whether such consent by Blackacre Everest will be given
or withheld. Messrs. Kohorst and Feinberg possess shared power to determine
whether such consent by Everest Partners will be given or withheld. Mr. Kohorst
possesses sole power to determine whether such consent by Everest Properties II
will be given or withheld.
ITEMS 5-9. [NOT APPLICABLE]
ITEM 10. CERTIFICATION.
By signing below, I certify that, to the best of my 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.
<PAGE>
SIGNATURES
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: February 14, 2000
EVEREST CABLE INVESTORS, LLC
By: EVEREST PROPERTIES II, LLC, Manager
By: /s/ W. ROBERT KOHORST
--------------------------
W. Robert Kohorst
President
/s/ STEPHEN FEINBERG
--------------------------
Stephen Feinberg
/s/ W. ROBERT KOHORST
--------------------------
W. Robert Kohorst
