SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
THE MILLBROOK PRESS INC.
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(Name of Issuer)
Common Stock, $0.01 PAR VALUE
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(Title of Class of Securities)
600179105
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(CUSIP Number)
Copy to:
Stephen A. Cohen, Esq.
Applewood Associates, L.P. Morrison Cohen Singer & Weinstein, LLP
68 Wheatley Road 750 Lexington Avenue
Brookville, NY 11545 New York, New York 10022
Telephone (516) 626-3070 Telephone (212) 735-8600
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(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
January 23, 1998
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(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following space __.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
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).
(Continued on following page(s))
Page 1 of 13
<PAGE>
CUSIP
No. 600179105 13D
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1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Applewood Associates, L.P.
|
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2 | Check the Appropriate Box if a Member of a Group* (a) |_|
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d)or 2(e)
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6 | Citizenship or Place of Organization New York
|
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| 7 | Sole Voting Power
| | 771,213 shares 21.1%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 0 shares 0%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 771,213 shares 21.1%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 0 shares 0%
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11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 771,213 shares
|
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12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
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13 | Percent of Class Represented by Amount in Row (11)
| 21.1%
|
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14 | Type of Reporting Person* PN
|
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
2 of 11
<PAGE>
CUSIP
No. 600179105 13D
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1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Barry Rubenstein
|
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2 | Check the Appropriate Box if a Member of a Group* (a) |_|
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d)or 2(e)
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6 | Citizenship or Place of Organization United States
|
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| 7 | Sole Voting Power
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,980,748 shares 51.4%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,980,748 shares 51.4%
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11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,980,748 shares
|
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12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
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13 | Percent of Class Represented by Amount in Row (11)
| 51.4%
|
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14 | Type of Reporting Person* IN
|
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
3 of 11
<PAGE>
CUSIP
No. 600179105 13D
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1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Irwin Lieber
|
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2 | Check the Appropriate Box if a Member of a Group* (a) |_|
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d)or 2(e)
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6 | Citizenship or Place of Organization United States
|
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| 7 | Sole Voting Power
| | 159,857 shares 4.5%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,839,891 shares 48.7%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 159,857 shares 4.5%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,839,891 shares 48.7%
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11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,999,748 shares
|
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12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
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13 | Percent of Class Represented by Amount in Row (11)
| 51.9%
|
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14 | Type of Reporting Person* IN
|
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
4 of 11
<PAGE>
CUSIP
No. 600179105 13D
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1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Barry Fingerhut
|
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2 | Check the Appropriate Box if a Member of a Group* (a) |_|
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d)or 2(e)
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6 | Citizenship or Place of Organization United States
|
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| 7 | Sole Voting Power
| | 159,857 shares 4.5%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,839,891 shares 48.7%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 159,857 shares 4.5%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,839,891 shares 48.7%
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11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,999,748 shares
|
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12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
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13 | Percent of Class Represented by Amount in Row (11)
| 51.9%
|
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14 | Type of Reporting Person* IN
|
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
5 of 11
<PAGE>
CUSIP
No. 600179105 13D
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1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Applewood Capital Corp.
|
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2 | Check the Appropriate Box if a Member of a Group* (a) |_|
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d)or 2(e)
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6 | Citizenship or Place of Organization New York
|
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| 7 | Sole Voting Power
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 771,213 shares 21.1%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 771,213 shares 21.1%
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11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 771,213 shares
|
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12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
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13 | Percent of Class Represented by Amount in Row (11) 21.1%
|
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14 | Type of Reporting Person* CO
|
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
6 of 11
<PAGE>
CUSIP
No. 600179105 13D
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1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Seth Lieber
|
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2 | Check the Appropriate Box if a Member of a Group* (a) |_|
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d)or 2(e)
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6 | Citizenship or Place of Organization United States
|
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| 7 | Sole Voting Power
| | 4,310 shares 0.1%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 771,213 shares 21.1%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 4,310 shares 0.1%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 771,213 shares 21.1%
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11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 775,523 shares
|
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12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
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13 | Percent of Class Represented by Amount in Row (11) 21.2%
|
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14 | Type of Reporting Person* IN
|
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
7 of 11
<PAGE>
CUSIP
No. 600179105 13D
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1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Jonathan Lieber
|
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2 | Check the Appropriate Box if a Member of a Group* (a) |_|
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d)or 2(e)
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6 | Citizenship or Place of Organization United States
|
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| 7 | Sole Voting Power
| | 4,310 shares 0.1%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 771,213 shares 21.1%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 4,310 shares 0.1%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 771,213 shares 21.1%
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11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 775,523 shares
|
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12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
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13 | Percent of Class Represented by Amount in Row (11) 21.2%
|
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14 | Type of Reporting Person* IN
|
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
8 of 11
<PAGE>
This statement, dated January 23, 1998, constitutes Amendment No. 3 to the
Schedule 13D, dated December 18, 1996, regarding the reporting persons'
ownership of certain securities of The Millbrook Press Inc. (the "Issuer").
The Schedule 13D is hereinafter referred to as the "Schedule." All
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed in the Schedule.
This Amendment No. 3 to the Schedule is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting
persons. It shall refer only to information which has materially changed since
the filing of the Schedule.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Barry Fingerhut acquired an additional 10,000 shares of Common Stock
and 75,000 Bridge Warrants for an aggregate of $160,625. The source
of funds was working capital and personal funds.
Irwin Lieber acquired an additional 10,000 shares of Common Stock
and 75,000 Bridge Warrants for an aggregate of $160,625. The source
of funds was working capital and personal funds.
Applewood Associates, LP acquired an additional 300,000 shares of
Common Stock and 75,000 Bridge Warrants for an aggregate of
$1,481,250. The source of funds was working capital.
Woodland Partners acquired 75,000 Bridge Warrants for an aggregate
of $112,500. The source of funds was working capital.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
(a) The following list sets forth the aggregate number and
percentage (based on 3,455,000 shares of Common Stock outstanding as reported by
the Issuer in its Form 10-Q for the quarter ended October 31, 1997) of
outstanding shares of Common Stock owned beneficially by each person named in
Item 2, as of January 23, 1998:
Page 9 of 13
<PAGE>
Percentage of Shares of
Shares of Common Stock Common Stock
Name Beneficially Owned(1) Beneficially Owned(1)
- -------------------------- ---------------------- -----------------------
Applewood Associates, L.P 771,213 21.1%
Barry Rubenstein(2) 1,980,748(3,4,5) 51.4%
Irwin Lieber(2) 1,999,748(3,5) 51.9%
Barry Fingerhut(2) 1,999,748(3,5) 51.9%
Applewood Capital Corp.(2) 771,213(3) 21.1%
Seth Lieber(2) 775,523(6) 21.2%
Jonathan Lieber(2) 775,523(6) 21.2%
(b) Applewood has sole power to vote and dispose of 571,213 shares
of Common Stock and 200,000 shares of Common Stock issuable upon the exercise of
the Bridge Warrants, which represents approximately 21.1% of the outstanding
Common Stock.
By virtue of being a general partner of Applewood and of Woodland
Partners, a shareholder, officer and director of InfoMedia, and an officer and
director of AC Corp., Barry Rubenstein may be deemed to have shared power to
vote and dispose of 1,580,748 shares of Common Stock and 400,000 shares of
Common Stock issuable upon the exercise of the Bridge Warrants, which represents
approximately 51.4% of the outstanding Common Stock.
- ----------
1 Includes shares of Common Stock issuable upon the exercise of the
Bridge Warrants.
2 The reporting person disclaims beneficial ownership of these
securities except to the extent of its equity ownership therein.
3 The reporting person is a general partner of Applewood and
accordingly has shared dispositive and voting power with respect to
the 571,213 shares of Common Stock and 200,000 shares of Common
Stock issuable upon the exercise of the Bridge Warrants owned by
Applewood.
4 As a general partner of Woodland Partners, Mr. Rubenstein has shared
dispositive and voting power with respect to the 65,857 shares of
Common Stock and 75,000 shares of Common Stock issuable upon the
exercise of the Bridge Warrants owned by Woodland Partners.
5 The reporting persons are shareholders, officers and directors of
InfoMedia Associates, Ltd. ("InfoMedia"). InfoMedia is a general
partner of each of 21st Century Communications Partners, L.P. ("21st
Century"), 21st Century Communications T-E Partners, L.P. ("T-E")
and 21st Century Communications Foreign Partners, L.P. ("Foreign",
and together with "T-E" and "21st Century," the "21st Funds"). 21st
Century, T-E and Foreign own, respectively, an aggregate of 639,840,
217,696 and 86,142 shares of Common Stock and 85,000, 28,500 and
11,500 shares of Common Stock issuable upon the exercise of the
Bridge Warrants. Accordingly, the reporting persons each have shared
voting and dispositive power with respect to the aggregate 1,068,678
shares of Common Stock owned by the 21st Funds.
6 The reporting person is an officer of AC Corp. and accordingly has
shared voting and dispositive power with respect to 571,213 shares
of Common Stock owned by Applewood and 200,000 shares of Common
Stock issuable upon the exercise of the Bridge Warrants owned by
Applewood.
Page 10 of 13
<PAGE>
Irwin Lieber has sole power to vote and dispose of 84,857 shares of
Common Stock and 75,000 shares of Common Stock issuable upon the exercise of the
Bridge Warrants which represents approximately 4.5% of the outstanding Common
Stock. By virtue of being a general partner of Applewood and an officer and
director of AC Corp., and a shareholder, officer and director of InfoMedia, Mr.
Lieber may be deemed to have shared power to vote and dispose of 1,514,891
shares of Common Stock and 325,000 shares of Common Stock issuable upon the
exercise of the Bridge Warrants, which represents approximately 48.7% of the
outstanding Common Stock.
Barry Fingerhut has sole power to vote and dispose of 84,857 shares
of Common Stock and 75,000 shares of Common Stock issuable upon the exercise of
the Bridge Warrants which represents approximately 4.5% of the outstanding
Common Stock. By virtue of being a general partner of Applewood and an officer
and director of AC Corp., and a shareholder, officer and director of InfoMedia,
Mr. Fingerhut may be deemed to have shared power to vote and dispose of
1,514,891 shares of Common Stock and 325,000 shares of Common Stock issuable
upon the exercise of the Bridge Warrants, which represents approximately 48.7%
of the outstanding Common Stock.
By virtue of being a general partner of Applewood, AC Corp. may be
deemed to have shared power to vote and dispose of 571,213 shares of Common
Stock and 200,000 shares of Common Stock issuable upon the exercise of the
Bridge Warrants, which represents approximately 21.1% of the outstanding Common
Stock.
Seth Lieber has sole power to vote and dispose of 4,310 shares of
Common Stock which represents approximately 0.1% of the outstanding Common
Stock. By virtue of being an officer of AC Corp., Mr. Lieber may be deemed to
have shared power to vote and dispose of 571,213 shares of Common Stock and
200,000 shares of Common Stock issuable upon the exercise of the Bridge
Warrants, which represents approximately 21.1% of the outstanding Common Stock.
Jonathan Lieber has sole power to vote and dispose of 4,310 shares
of Common Stock which represents approximately 0.1% of the outstanding Common
Stock. By virtue of being an officer of AC Corp., Mr. Lieber may be deemed to
have shared power to vote and dispose of 571,213 shares of Common Stock and
200,000 shares of Common Stock issuable upon the exercise of the Bridge
Warrants, which represents approximately 21.1% of the outstanding Common Stock.
(c) The following is a description of all transaction in shares of
Common Stock of the Issuer by the persons identified in Item 2 of this Schedule
13D effected from November 28, 1997 through January 23, 1998 inclusive.
Name of Purchase of Number of Shares Purchase or
Shareholder Sale Date Purchased or (Sold) Sale Price
- ----------- ----------- ------------------- ----------
Barry Fingerhut 12/3/97 10,000 $4.8125
Irwin Lieber 12/3/97 10,000 $4.8125
Page 11 of 13
<PAGE>
Name of Purchase of Number of Shares Purchase or
Shareholder Sale Date Purchased or (Sold) Sale Price
- ----------- ----------- ------------------- ----------
Applewood Associates, LP 12/23/98 300,000 $4.5625
The shares of Common Stock were acquired in the
over-the-counter market.
On January 23, 1998, each of Applewood Associates, L.P.,
Woodland Partners, Irwin Lieber and Barry Fingerhut purchased 75,000 Bridge
Warrants in private transactions for $1.50 per Bridge Warrant.
(d) No other person has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of such
securities.
(e) Not applicable.
Page 12 of 13
<PAGE>
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,
correct and complete.
APPLEWOOD ASSOCIATES, L.P.
By: /s/ Irwin Lieber
---------------------------------
Irwin Lieber, General Partner
APPLEWOOD CAPITAL CORP.
By: /s/ Barry Rubenstein
---------------------------------
Barry Rubenstein, President
/s/ Barry Rubenstein
---------------------------------
Barry Rubenstein
/s/ Irwin Lieber
---------------------------------
Irwin Lieber
/s/ Barry Fingerhut
---------------------------------
Barry Fingerhut
/s/ Seth Lieber
---------------------------------
Seth Lieber
/s/ Jonathan Lieber
---------------------------------
Jonathan Lieber
Date: January 30, 1998
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 13 of 13
