SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d -1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a).
(Amendment No. )(1)
ONLINE RESOURCES & COMMUNICATIONS CORPORATION
(Name of Issuer)
COMMON STOCK, $0.0001 PAR VALUE
(Title of Class of Securities)
68273G101
(CUSIP Number)
Copy to:
21st Century Communications Michael R. Reiner, Esq.
Partners, L.P. Morrison Cohen Singer & Weinstein, LLP
767 Fifth Avenue 750 Lexington Avenue
New York, New York 10153 New York, New York 10022
Telephone (212) 754-8100 Telephone (212) 735-8600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 4, 1999
(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-(g), check the following box
|_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following page(s))
- ------------
(1) 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 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).
- 1 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Applewood Associates, L.P.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
WC, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 306,940 shares 2.8%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
0 shares 0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 306,940 shares 2.8%
Person _________________________________________________________________
10 Shared Dispositive Power
With
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
306,940 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
2.8%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 2 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Applewood Capital Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
306,940 shares 2.8%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
306,940 shares 2.8%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
306,940 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
2.8%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 3 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Irwin Lieber
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
PF, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 11,880 shares 0.1%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
1,208,926 shares 10.6%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 11,880 shares 0.1%
Person _________________________________________________________________
10 Shared Dispositive Power
With
1,208,926 shares 10.6%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,220,806 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 4 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Rubenstein
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
1,220,806 shares 10.7%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
1,220,806 shares 10.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,220,806 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
10.7%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 5 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Fingerhut
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
PF, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 34,452 shares 0.3%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
1,208,926 shares 10.6%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 34,452 shares 0.3%
Person _________________________________________________________________
10 Shared Dispositive Power
With
1,208,926 shares 10.6%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,243,378 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
10.8%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 6 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Seth Lieber
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
306,940 shares 2.8%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
306,940 shares 2.8%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
306,940 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
2.8%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 7 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Jonathan Lieber
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
306,940 shares 2.8%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
306,940 shares 2.8%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
306,940 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
2.8%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 8 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
21st Century Communications Partners, L.P.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
WC, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of 611,719 shares 5.5%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
290,267 shares 2.6%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 611,719 shares 5.5%
Person _________________________________________________________________
10 Shared Dispositive Power
With
290,267 shares 2.6%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 9 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
21st Century Communications T-E Partners, L.P.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
WC, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of 208,124 shares 1.9%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
693,862 shares 6.2%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 208,124 shares 1.9%
Person _________________________________________________________________
10 Shared Dispositive Power
With
693,862 shares 6.2%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 10 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
21st Century Communications Foreign Partners, L.P.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
WC, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of 82,143 shares 0.8%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
819,843 shares 7.3%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 82,143 shares 0.8%
Person _________________________________________________________________
10 Shared Dispositive Power
With
819,843 shares 7.3%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 11 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Sandler Investment Partners, L.P.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 12 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Sandler Capital Management
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 13 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
ARH Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 14 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
ALCR Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 15 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
MJDM Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 16 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Four JK Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
Delaware
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 17 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
SERF Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 18 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
TERPSI Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 19 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
JIRAKAL Corp.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 20 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Infomedia Associates, Ltd.
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 21 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Harvey Sandler
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 22 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Andrew Sandler
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 23 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Michael J. Marocco
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 24 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
John Kornreich
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 25 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Douglas Schimmel
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 26 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Hannah Stone
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 27 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
David Lee
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
901,986 shares 8.0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
901,986 shares 8.0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
901,986 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
8.0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 28 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Woodland Partners
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
WC, OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
New York
________________________________________________________________________________
7 Sole Voting Power
Number of 11,880 shares 0.1%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
0 shares 0%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 11,880 shares 0.1%
Person _________________________________________________________________
10 Shared Dispositive Power
With
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
11,880 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0.1%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 29 of 52 -
<PAGE>
CUSIP No. 13D
No. 68273G101
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Marilyn Rubenstein
________________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
OO
________________________________________________________________________________
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
________________________________________________________________________________
6 Citizenship or Place of Organization
United States
________________________________________________________________________________
7 Sole Voting Power
Number of 0 shares 0%
Shares _________________________________________________________________
8 Shared Voting Power
Beneficially
11,880 shares 0.1%
Owned By
_________________________________________________________________
Each 9 Sole Dispositive Power
Reporting 0 shares 0%
Person _________________________________________________________________
10 Shared Dispositive Power
With
11,880 shares 0.1%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
11,880 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares*
[_]
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0.1%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 30 of 52 -
<PAGE>
This statement, dated June 4, 1999, relates to the reporting persons'
ownership of the common stock of OnLine Resources & Communications Corporation
(the "Issuer").
All references to shares of common stock reflects a 1 for 2.81 reverse
stock split of the common stock which was effective as of May 2, 1999.
ITEM 1. SECURITY AND ISSUER
(a) Common Stock, $0.0001 par value per share ("Common Stock"),
(CUSIP No. 6827G101).
(b) 1996 warrants (the "1996 Warrants"), expiring April 30, 2003,
entitling the holder to purchase one share of Common Stock at
$7.01 per share.
(c) Series C warrants (the "Series C Warrants"), expiring June 1,
2002, entitling the holder to purchase one share of Common Stock
at $8.42 per share.
(d) OnLine Resources & Communications Corporation
7600 Colshire Drive
McLean, Virginia 22102
(703) 394-5100
ITEM 2. IDENTITY AND BACKGROUND
1. (a) Applewood Associates, L.P., a limited partnership organized under
the laws of the State of New York ("Applewood Associates").
(b) Address: c/o Applewood Capital Corp.
68 Wheatley Road
Brookville, New York 11545
(c) Principal Business: Investments.
(d) No.
(e) No.
2. (a) Applewood Capital Corp., a corporation organized under the laws
of the State of New York ("Applewood Capital").
(b) Address: c/o Barry Rubenstein
68 Wheatley Road
Brookville, New York 11545
(c) Principal Business: Investments.
(d) No.
(e) No.
Applewood Capital is a general partner of Applewood Associates.
3. (a) Barry Rubenstein, a general partner of Applewood Associates, an
officer and director of Applewood Capital, a shareholder, officer
and director of Infomedia Associates, Ltd. ("Infomedia"), a
general partner of the 21st
- 31 of 52 -
<PAGE>
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 a
general partner of Woodland Partners.
(b) Address: 68 Wheatley Road
Brookville, New York 11545
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States
Barry Rubenstein is the husband of Marilyn Rubenstein.
4. (a) Irwin Lieber, a general partner of Applewood Associates, an
officer and director of Applewood Capital, and a shareholder,
officer and director of Infomedia, a general partner of the 21st
Century, T-E and Foreign.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States
Irwin Lieber is the father of Seth Lieber and Jonathan Lieber.
5. (a) Barry Fingerhut, a director of the Issuer, a general partner of
Applewood Associates, an officer and director of Applewood
Capital, and a shareholder, officer and director of Infomedia, a
general partner of the 21st Century, T-E and Foreign.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
6. (a) Seth Lieber, a general partner of Applewood Associates and an
officer of Applewood Capital.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
- 32 of 52 -
<PAGE>
7. (a) Jonathan Lieber, a general partner of Applewood Associates and an
officer of Applewood Capital.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
8. (a) 21st Century Communications Partners, L.P., a limited partnership
organized under the laws of the State of Delaware.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
9. (a) 21st Century Communications T-E Partners, L.P., a limited
partnership organized under the laws of the State of Delaware.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
10. (a) 21st Century Communications Foreign Partners, L.P., a limited
partnership organized under the laws of the State of Delaware.
(b) Address: One Capitol Plaza, 3rd Floor
Shedden Road
George Town, Grand Cayman Island
British West Indies
(c) Principal Business: Investments.
(d) No.
(e) No.
11. (a) Sandler Investment Partners, L.P., a limited partnership
organized under the laws of the State of New York ("SIP").
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
12. (a) Sandler Capital Management, a registered investment advisor and a
general partnership organized under the laws of the State of New
York ("SCM").
- 33 of 52 -
<PAGE>
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
13. (a) ARH Corp., a Delaware corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
14. (a) ALCR Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
15. (a) MJDM Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
16. (a) Four JK Corp., a Delaware corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
17. (a) SERF Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
18. (a) TERPSI Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
- 34 of 52 -
<PAGE>
19. (a) JIRAKAL Corp., a New York corporation.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
20. (a) Infomedia Associates, Ltd., a New York corporation.
(b) Address: 80 Cuttermill Road, Suite 311
Great Neck, New York 11021
(c) Principal Business: Investments.
(d) No.
(e) No.
21. (a) Harvey Sandler, is the sole shareholder of ARH Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States
ARH Corp. is a general partner of SCM, which is the general partner of SIP,
a general partner of 21st Century, T-E and Foreign (the "21st Century Funds").
Harvey Sandler is the father of Andrew Sandler.
22. (a) Andrew Sandler, is the sole shareholder of ALCR Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
ALCR Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign. Andrew Sandler is the
son of Harvey Sandler.
23. (a) Michael J. Marocco, is the sole shareholder of MJDM Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
MJDM Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
- 35 of 52 -
<PAGE>
24. (a) John Kornreich, is the majority shareholder of Four JK Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
Four JK Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
25. (a) Douglas Schimmel, is the sole shareholder of SERF Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
SERF Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
26. (a) Hannah Stone, is the sole shareholder of TERPSI Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
TERPSI Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
27. (a) David Lee, is the sole shareholder of JIRAKAL Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
JIRAKAL Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
28. (a) Woodland Partners, a partnership organized under laws of the
State of New York ("Woodland").
- 36 of 52 -
<PAGE>
(b) Address: 68 Wheatley Road
Brookville, New York 11545
(c) Principal Business: Investments.
(d) No.
(e) No.
29. (a) Marilyn Rubenstein, a general partner of Woodland.
(b) Address: 68 Wheatley Road
Brookville, New York 11545
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
Marilyn Rubenstein is the wife of Barry Rubenstein.
ITEM 3. Source and Amount of Funds or Other Consideration.
The source of funds for the acquisition of the securities was the general
working capital and other funds of Applewood Associates, 21st Century, T-E,
Foreign and Woodland. The source of funds for the acquisition of the securities
was the personal funds of Irwin Lieber and Barry Fingerhut.
Number of
Shares and Purchase
Warrants Price
-------- -----
Applewood Associates, L.P. 306,940 $1,560,100
Irwin Lieber 11,880 100,000
Barry Fingerhut 23,760 200,000
21st Century Communications Partners, L.P. 611,719 2,224,700
21st Century Communications T-E Partners, L.P. 208,124 756,700
21st Century Communications Foreign Partners, L.P. 82,143 298,300
Woodland Partners 11,880 100,000
ITEM 4. Purpose of Transaction.
Other than Barry Fingerhut's capacity as a director of the Issuer, and the
reporting persons' purchase or sale of additional securities of the Issuer, no
reporting person has any present plan or proposal which would relate to or
result in any of the matters set forth in subparagraphs (a) -(j) of Item 4 of
Schedule 13D except as set forth herein.
- 37 of 52 -
<PAGE>
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and percentage
(based on 10,824,409 shares of Common Stock outstanding as reported by the
Issuer in its offering documents for its initial public offering, dated June 4,
1999), of outstanding shares of Common Stock owned beneficially by each
reporting person named in Item 2, as of June 4, 1999:
<TABLE>
<CAPTION>
Percentage of
Shares
Shares of Common of Common Stock
Stock Beneficially Beneficially
Name Owned(2) Owned(2)
---- -------- --------
<S> <C> <C>
Applewood Associates, L.P. 306,940(3) 2.8%
Applewood Capital Corp. 306,940(4,5) 2.8%
Irwin Lieber 1,220,806(4,5,6,7) 10.7%
Barry Rubenstein 1,220,806(4,5,6,8) 10.7%
Barry Fingerhut 1,243,378(4,5,6,9) 10.8%
Seth Lieber 306,940(4,5) 2.8%
Jonathan Lieber 306,940(4,5) 2.8%
21st Century Communications Partners, L.P. 901,986(4,6) 8.0%
21st Century Communications T-E Partners, L.P. 901,986(4,6) 8.0%
21st Century Communications Foreign Partners, L.P. 901,986(4,6) 8.0%
Sandler Investment Partners, L.P. 901,986(4,6) 8.0%
</TABLE>
- ----------
(2) Includes shares of Common Stock issuable upon the exercise of the 1996
Warrants and the Series C Warrants.
(3) Includes 197,230 shares of Common Stock, 71,284 shares issuable upon
the exercise of the 1996 Warrants and 38,426 shares issuable upon the
exercise of the Series C Warrants.
(4) The reporting person disclaims beneficial ownership of these
securities except to the extent of his/her/its equity interest
therein.
(5) Includes 197,230 shares of Common Stock owned by Applewood Associates,
71,284 shares issuable upon the exercise of the 1996 Warrants owned by
Applewood Associates and 38,426 shares issuable upon the exercise of
the Series C Warrants owned by Applewood Associates.
(6) Includes 264,308 shares of Common Stock owned by 21st Century, 89,900
shares of Common Stock owned by T-E and 35,440 shares of Common Stock
owned by Foreign. Includes 241,684 shares issuable upon the exercise
of the 1996 Warrants and 105,727 shares issuable upon the exercise of
the Series C Warrants owned by 21st Century. Includes 82,259 shares
issuable upon the exercise of the 1996 Warrants and 35,965 shares
issuable upon the exercise of the Series C Warrants owned by T-E.
Includes 32,477 shares issuable upon the exercise of the 1996 Warrants
and 14,226 shares issuable upon the exercise of the Series C Warrants
owned by Foreign.
(7) Includes 11,880 shares of Common Stock owned by Irwin Lieber.
(8) Includes 11,880 shares of Common Stock owned by Woodland.
(9) Includes 23,760 shares of Common Stock owned by Barry Fingerhut and
10,692 shares issuable upon the exercise of currently exercisable
non-qualified stock options owned by Mr. Fingerhut.
- 38 of 52 -
<PAGE>
Sandler Capital Management 901,986(4,6) 8.0%
ARH Corp. 901,986(4,6) 8.0%
ALCR Corp. 901,986(4,6) 8.0%
MJDM Corp. 901,986(4,6) 8.0%
Four JK Corp. 901,986(4,6) 8.0%
SERF Corp. 901,986(4,6) 8.0%
TERPSI Corp. 901,986(4,6) 8.0%
JIRAKAL Corp. 901,986(4,6) 8.0%
Infomedia Associates, Ltd. 901,986(4,6) 8.0%
Harvey Sandler 901,986(4,6) 8.0%
Andrew Sandler 901,986(4,6) 8.0%
Michel J. Marocco 901,986(4,6) 8.0%
John Kornreich 901,986(4,6) 8.0%
Douglas Schimmel 901,986(4,6) 8.0%
Hannah Stone 901,986(4,6) 8.0%
David Lee 901,986(4,6) 8.0%
Woodland Partners 11,880(8) 0.1%
Marilyn Rubenstein 11,880(4,8) 0.1%
(b) Applewood Associates has sole power to vote and to dispose of 306,940
shares of Common Stock (including 71,284 shares issuable upon the exercise of
the 1996 Warrants and 38,426 shares issuable upon the exercise of the Series C
Warrants), representing approximately 2.8% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Applewood Associates, Applewood
Capital may be deemed to have shared power to vote and to dispose of 306,940
shares of Common Stock (including 71,284 shares issuable upon the exercise of
the 1996 Warrants and 38,426 shares issuable upon the exercise of the Series C
Warrants), representing approximately 2.8% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Applewood Associates and Woodland,
and a shareholder, officer and director of Infomedia, Barry Rubenstein may be
deemed to have shared power to vote and to dispose of 1,220,806 shares of Common
Stock (including 427,704 shares issuable upon the exercise of the 1996 Warrants
and 194,344 shares issuable upon the exercise of the Series C Warrants),
representing approximately 10.7% of the outstanding shares of Common Stock.
Irwin Lieber has sole power to vote and to dispose of 11,880 shares of
Common Stock, representing approximately 0.1% of the outstanding shares of
Common Stock. By virtue of
- 39 of 52 -
<PAGE>
being a general partner of Applewood Associates, and a shareholder, officer and
director of Infomedia, Irwin Lieber may be deemed to have shared power to vote
and to dispose of 1,208,926 shares of Common Stock (including 427,704 shares
issuable upon the exercise of the 1996 Warrants and 194,344 shares issuable upon
the exercise of the Series C Warrants), representing approximately 10.6% of the
outstanding shares of Common Stock.
Barry Fingerhut has sole power to vote and to dispose of 34,452 shares of
Common Stock (including 10,692 shares issuable upon the exercise of
non-qualified stock options), representing approximately 0.3% of the outstanding
shares of Common Stock. By virtue of being a general partner of Applewood
Associates, and a shareholder, officer and director of Infomedia, Barry
Fingerhut may be deemed to have shared power to vote and to dispose of 1,208,926
shares of Common Stock (including 427,704 shares issuable upon the exercise of
the 1996 Warrants and 194,344 shares issuable upon the exercise of the Series C
Warrants), representing approximately 10.6% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Applewood Associates, Seth Lieber
may be deemed to have shared power to vote and to dispose of 306,940 shares of
Common Stock (including 71, 284 shares issuable upon the exercise of the 1996
Warrants and 38,426 shares issuable upon the exercise of the Series C Warrants),
representing approximately 2.8% of the outstanding shares of Common Stock.
By virtue of being a general partner of Applewood Associates, Jonathan
Lieber may be deemed to have shared power to vote and to dispose of 306,940
shares of Common Stock (including 71,284 shares issuable upon the exercise of
the 1996 Warrants and 38,426 shares issuable upon the exercise of the Series C
Warrants), representing approximately 2.8% of the outstanding shares of Common
Stock.
21st Century has sole power to vote and to dispose of 611,719 shares of
Common Stock (including 241,684 shares issuable upon the exercise of the 1996
Warrants and 105,727 shares issuable upon the exercise of the Series C
Warrants), representing approximately 5.5% of the outstanding shares of Common
Stock. 21st Century may be deemed to have shared power to vote and to dispose of
290,267 shares of Common Stock (including 114,736 shares issuable upon the
exercise of the 1996 Warrants and 50,191 shares issuable upon the exercise of
the Series C Warrants), representing approximately 2.6% of the outstanding
shares of Common Stock.
T-E has sole power to vote and to dispose of 208,124 shares of Common Stock
(including 82,259 shares issuable upon the exercise of the 1996 Warrants and
35,965 shares issuable upon the exercise of the Series C Warrants), representing
approximately 1.9% of the outstanding shares of Common Stock. T-E may be deemed
to have shared power to vote and to dispose of 693,862 shares of Common Stock
(including 274,161 shares issuable upon the exercise of the 1996 Warrants and
119,953 shares issuable upon the exercise of the Series C Warrants),
representing approximately 6.2% of the outstanding shares of Common Stock.
Foreign has sole power to vote and to dispose of 82,143 shares of Common
Stock (including 32,477 shares issuable upon the exercise of the 1996 Warrants
and 14,226 shares issuable upon the exercise of the Series C Warrants),
representing approximately 0.8% of the outstanding shares of Common Stock.
Foreign may be deemed to have shared power to vote and to dispose of 819,843
shares of Common Stock (including 323,943 shares issuable upon the exercise of
the 1996
- 40 of 52 -
<PAGE>
Warrants and 141,692 shares issuable upon the exercise of the Series C
Warrants), representing approximately 7.3% of the outstanding shares of Common
Stock.
By virtue of being a general partner of 21st Century, T-E and Foreign,
Sandler Investment Partners may be deemed to have shared power to vote and to
dispose of 901,986 shares of Common Stock (including 356,420 shares issuable
upon the exercise of the 1996 Warrants and 155,918 shares issuable upon the
exercise of the Series C Warrants), representing approximately 8.0% of the
outstanding shares of Common Stock.
By virtue of being a general partner of Sandler Investment Partners,
Sandler Capital Management may be deemed to have shared power to vote and to
dispose of 901,986 shares of Common Stock (including 356,420 shares issuable
upon the exercise of the 1996 Warrants and 155,918 shares issuable upon the
exercise of the Series C Warrants), representing approximately 8.0% of the
outstanding shares of Common Stock.
By virtue of being the sole shareholder of ARH Corp., Harvey Sandler may be
deemed to have shared power to vote and to dispose of 901,986 shares of Common
Stock (including 356,420 shares issuable upon the exercise of the 1996 Warrants
and 155,918 shares issuable upon the exercise of the Series C Warrants),
representing approximately 8.0% of the outstanding shares of Common Stock.
By virtue of being the sole shareholder of ALCR Corp., Andrew Sandler may
be deemed to have shared power to vote and to dispose of 901,986 shares of
Common Stock (including 356,420 shares issuable upon the exercise of the 1996
Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being the sole shareholder of MJDM Corp., Michael Marocco may
be deemed to have shared power to vote and to dispose of 901,986 shares of
Common Stock (including 356,420 shares issuable upon the exercise of the 1996
Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being the majority shareholder of Four JK Corp., John
Kornreich may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being the sole shareholder of SERF Corp., Douglas Schimmel may
be deemed to have shared power to vote and to dispose of 901,986 shares of
Common Stock (including 356,420 shares issuable upon the exercise of the 1996
Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being the sole shareholder of TERPSI Corp., Hannah Stone may
be deemed to have shared power to vote and to dispose of 901,986 shares of
Common Stock (including 356,420 shares issuable upon the exercise of the 1996
Warrants and 155,918 shares issuable upon
- 41 of 52 -
<PAGE>
the exercise of the Series C Warrants), representing approximately 8.0% of the
outstanding shares of Common Stock.
By virtue of being the sole shareholder of JIRAKAL Corp., David Lee may be
deemed to have shared power to vote and to dispose of 901,986 shares of Common
Stock (including 356,420 shares issuable upon the exercise of the 1996 Warrants
and 155,918 shares issuable upon the exercise of the Series C Warrants),
representing approximately 8.0% of the outstanding shares of Common Stock.
By virtue of being a general partner of 21st Century, T-E and Foreign,
Infomedia may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Sandler Capital Management, ARH
Corp. may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Sandler Capital Management, ALCR
Corp. may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Sandler Capital Management, MJDM
Corp. may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Sandler Capital Management, Four JK
Corp. may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Sandler Capital Management, SERF
Corp. may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
By virtue of being a general partner of Sandler Capital Management, TERPSI
Corp. may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares
- 42 of 52 -
<PAGE>
issuable upon the exercise of the Series C Warrants), representing approximately
8.0% of the outstanding shares of Common Stock.
By virtue of being a general partner of Sandler Capital Management, JIRAKAL
Corp. may be deemed to have shared power to vote and to dispose of 901,986
shares of Common Stock (including 356,420 shares issuable upon the exercise of
the 1996 Warrants and 155,918 shares issuable upon the exercise of the Series C
Warrants), representing approximately 8.0% of the outstanding shares of Common
Stock.
Woodland Partners has sole power to vote and to dispose of 11,880 shares of
Common Stock, representing approximately 0.1% of the outstanding shares of
Common Stock.
Marilyn Rubenstein, by virtue of being a general partner of Woodland, may
be deemed to have shared power to vote and to dispose of 11,880 shares of Common
Stock, representing approximately 0.1% of the outstanding shares of Common
Stock.
(c) The following is a description of all transactions in shares of Common
Stock of the Issuer by the reporting persons identified in Item 2 of this
Schedule 13D effected from April 4, 1999 through June 4, 1999, inclusive:
Upon the closing of the Issuer's initial public offering, all outstanding
shares of Series A Preferred Stock, Series B Preferred Stock and Series C
Preferred Stock automatically converted into shares of Common Stock of the
Issuer. The reporting persons received approximately 389,648 shares of Common
Stock as a result of the conversion of Series C Preferred Stock into shares of
Common Stock.
The Issuer has agreed to issue a total of 23,219 warrants to the reporting
persons under certain circumstances. If the Issuer's average closing price for
the 20-day trading period following the initial two-week period of trading of
the Issuer's Common Stock is at least $16.83 per share, the warrants can not be
exercised. If the Issuer's average closing price for the above 20-day period is
at least $12.06, but less than $16.83 per share, then 15,479 of the warrants can
be exercised. In all other cases, all of the warrants referred to above are
exercisable.
(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.
ITEM 6. Contracts Arrangements Understanding or Relationships with
Respect to Securities of the Issuer
The reporting persons agreed with the underwriters of the Issuer's initial
public offering that during the period beginning on June 4, 1999 and continuing
and including the date that is 180 days after June 4, 1999, they will not
directly or indirectly offer, sell, offer to sell, contract to sell or otherwise
dispose of, or register for sale under the Securities Act of 1933, any shares of
Common Stock or any securities which are substantially similar to the Common
Stock, without the prior written consent of J.P. Morgan Securities, Inc.
- 43 of 52 -
<PAGE>
ITEM 7. Materials to be Filed as Exhibits
Exhibit A. Agreement among the reporting persons, effective as of June 4,
1999, by which they have agreed to file this Schedule 13D and all necessary
amendments, as required by Rule 13d- 1(f).
- 44 of 52 -
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his/its knowledge and
belief, each of the undersigned hereby certifies that the information set forth
in this Schedule is true, complete and correct.
Dated: June 18, 1999
APPLEWOOD ASSOCIATES, L.P.
By: Irwin Lieber
----------------------------------------
Irwin Lieber, a General Partner
APPLEWOOD CAPITAL CORP.
By: Barry Rubenstein
----------------------------------------
Barry Rubenstein, President
Barry Rubenstein
----------------------------------------
Barry Rubenstein
Irwin Liber
----------------------------------------
Irwin Lieber
Barry Fingerhut
----------------------------------------
Barry Fingerhut
Seth Lieber
----------------------------------------
Seth Lieber
Jonathan Lieber
----------------------------------------
Jonathan Lieber
INFOMEDIA ASSOCIATES, LTD.
By: Irwin Lieber
----------------------------------------
Irwin Lieber, Secretary and Treasurer
WOODLAND PARTNERS
By: Barry Rubenstein
----------------------------------------
Barry Rubenstein, a General Partner
Marilyn Rubenstein
----------------------------------------
Marilyn Rubenstein
- 45 of 52 -
<PAGE>
21ST CENTURY COMMUNICATIONS
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS T-E
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS
FOREIGN PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
- 46 of 52 -
<PAGE>
SANDLER INVESTMENT PARTNERS, L.P.
By: Sandler Capital Management,
General Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
SANDLER CAPITAL MANAGEMENT
By: ARH Corp., General Partner
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ARH CORP.
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ALCR CORP.
By: Moira Mitchell
----------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
MJDM CORP.
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
FOUR JK CORP.
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
- 47 of 52 -
<PAGE>
SERF CORP.
By: Moira Mitchell
----------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
TERPSI CORP.
By: Moira Mitchell
----------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
JIRAKAL CORP.
By: Moira Mitchell
----------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
Harvey Sandler
----------------------------------------
Harvey Sandler
Andrew Sandler
----------------------------------------
Andrew Sandler
Michael Marocco
----------------------------------------
Michael Marocco
John Kornreich
----------------------------------------
John Kornreich
Douglas Schimmel
----------------------------------------
Douglas Schimmel
Hannah Stone
----------------------------------------
Hannah Stone
David Lee
----------------------------------------
David Lee
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
- 48 of 52 -
<PAGE>
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934,
as amended, the undersigned hereby agree to the joint filing on behalf of each
of them of a statement on Schedule 13D (including amendments thereto) with
respect to the Common Stock, par value $.0001 per share, of ONLINE RESOURCES &
COMMUNICATIONS CORPORATION and that this Agreement be filed as an Exhibit to
such statement on Schedule 13D.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective
as of the 4th day of June, 1999.
APPLEWOOD ASSOCIATES, L.P.
By: Irwin Lieber
----------------------------------------
Irwin Lieber, A General Partner
APPLEWOOD CAPITAL CORP.
By: Barry Rubenstein
----------------------------------------
Barry Rubenstein, President
Barry Rubenstein
----------------------------------------
Barry Rubenstein
Irwin Liber
----------------------------------------
Irwin Lieber
Barry Fingerhut
----------------------------------------
Barry Fingerhut
Seth Lieber
----------------------------------------
Seth Lieber
Jonathan Lieber
----------------------------------------
Jonathan Lieber
INFOMEDIA ASSOCIATES, LTD.
By: Irwin Lieber
----------------------------------------
Irwin Lieber, Secretary and Treasurer
WOODLAND PARTNERS
By: Barry Rubenstein
----------------------------------------
Barry Rubenstein, a General Partner
Marilyn Rubenstein
----------------------------------------
Marilyn Rubenstein
- 49 of 52 -
<PAGE>
21ST CENTURY COMMUNICATIONS
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS T-E
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS
FOREIGN PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
- 50 of 52 -
<PAGE>
SANDLER INVESTMENT PARTNERS, L.P.
By: Sandler Capital Management,
General Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
SANDLER CAPITAL MANAGEMENT
By: ARH Corp., General Partner
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ARH CORP.
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ALCR CORP.
By: Moira Mitchell
----------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
MJDM CORP.
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
FOUR JK CORP.
By: Edward Grinacoff
----------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
- 51 of 52 -
<PAGE>
SERF CORP.
By: Moira Mitchell
----------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
TERPSI CORP.
By: Moira Mitchell
----------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
JIRAKAL CORP.
By: Moira Mitchell
----------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
Harvey Sandler
----------------------------------------
Harvey Sandler
Andrew Sandler
----------------------------------------
Andrew Sandler
Michael Marocco
----------------------------------------
Michael Marocco
John Kornreich
----------------------------------------
John Kornreich
Douglas Schimmel
----------------------------------------
Douglas Schimmel
Hannah Stone
----------------------------------------
Hannah Stone
David Lee
----------------------------------------
David Lee
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