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. 4)(1)
NETWORK PERIPHERALS INC.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
64121R100
(CUSIP Number)
Copy to:
Seneca Ventures Stephen A. Cohen, Esq.
68 Wheatley Road Morrison Cohen Singer & Weinstein, LLP
Brookville, New York 11545 750 Lexington Avenue
Telephone (516) 626-3070 New York, New York 10022
Telephone (212) 735-8600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 15, 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 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Woodland Venture Fund
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(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 404,000 shares 3.2%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 612,000 shares 4.8%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
404,000 shares 3.2%
----------------------------------------------------------
10 Shared Dispositive Power
612,000 shares 4.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,016,000 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!
- 2 of 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names 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) |X|
(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 305,000 shares 2.4%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 711,000 shares 5.6%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
305,000 shares 2.4%
----------------------------------------------------------
10 Shared Dispositive Power
711,000 shares 5.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,016,000 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!
- 3 of 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Seneca Ventures
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(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 207,000 shares 1.6%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 809,000 shares 6.4%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
207,000 shares 1.6%
----------------------------------------------------------
10 Shared Dispositive Power
809,000 shares 6.4%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,016,000 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!
- 4 of 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Woodland Services Group
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(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
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 1,016,000 shares 8.0%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
0 shares 0%
----------------------------------------------------------
10 Shared Dispositive Power
1,016,000 shares 8.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,016,000 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!
- 5 of 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names 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) |X|
(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 United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 100,000 shares 0.8%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 916,000 shares 7.3%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
100,000 shares 0.8%
----------------------------------------------------------
10 Shared Dispositive Power
916,000 shares 7.3%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,016,000 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!
- 6 of 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names 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) |X|
(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 8.0%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 1,016,000 shares 8.0%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
0 shares 0%
----------------------------------------------------------
10 Shared Dispositive Power
1,016,000 shares 8.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,016,000 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!
- 7 of 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
The Marilyn and Barry Rubenstein Family Foundation
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(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
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 0 shares 0%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
0 shares 0%
----------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 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%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 8 of 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Brian Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(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
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 0 shares 0%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
0 shares 0%
----------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 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%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 9 of 14 -
<PAGE>
CUSIP
No. 64121R100 13D
================================================================================
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Rebecca Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(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
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 0 shares 0%
Reporting
Person ----------------------------------------------------------
With 9 Sole Dispositive Power
0 shares 0%
----------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 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%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 10 of 14 -
<PAGE>
This statement, dated July 15, 1999, constitutes Amendment No. 4 to the
Schedule 13D, dated May 30, 1996, regarding the reporting persons ownership of
certain securities of Network Peripherals Inc. (the "Issuer").
The Schedule 13D is hereinafter referred to as the "Schedule." All
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed in the Schedule.
This Amendment No. 4 to the Schedule is filed in accordance with Rule 13d-2
of the Securities Exchange Act of 1934, as amended (the "Exchange Act") by the
reporting persons. It shall refer only to information which has materially
changed since the filing of the Schedule.
ITEM 3. Source and Amount of Funds or Other Consideration.
Woodland Partners obtained funds for the purchase of the additional shares
of Common Stock from its working capital and/or other funds, and the Barry
Rubenstein Rollover IRA obtained funds for its purchase of the additional shares
of Common Stock from its other funds.
The amount of funds used in acquiring the additional shares of Common Stock
is set forth below:
Name Amount of Consideration
---- -----------------------
Woodland Partners $240,625
Barry Rubenstein Rollover IRA $205,625
ITEM 4. Purpose of Transaction.
The reporting persons acquired their shares for purposes of investment.
Other than the reporting persons' purchase or sale of additional securities of
the Issuer, no reporting person has any present plans or proposals which would
relate to or would result in any of the matters set forth in subparagraphs (a)
through (j) of Item 4 of the Schedule 13D.
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and percentage
(based on 12,623,597 shares of Common Stock outstanding as reported by the
Issuer in its Form 10-Q for the quarter ended March 31, 1999) of outstanding
shares of Common Stock owned beneficially by each reporting person named in Item
2, as of July 21, 1999:
- 11 of 14 -
<PAGE>
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Common Stock of Common Stock
Name Beneficially Owned Beneficially Owned
- ---- ------------------ ------------------
<S> <C> <C>
Woodland Venture Fund 1,016,000 (1,2) 8.0%
Woodland Partners 1,016,000 (2,3) 8.0%
Seneca Ventures 1,016,000 (2,4) 8.0%
Woodland Services Corp. 1,016,000 (2,5) 8.0%
Barry Rubenstein 1,016,000 (2) 8.0%
Marilyn Rubenstein 1,016,000 (2) 8.0%
The Marilyn and Barry Rubenstein Family Foundation 0 0%
Brian Rubenstein 0 0%
Rebecca Rubenstein 0 0%
</TABLE>
(b) The Fund has sole power to vote and to dispose of 404,000 shares of
Common Stock representing approximately 3.2% of the outstanding Common Stock ,
and may be deemed to have shared power to vote and to dispose of 612,000 shares
of Common Stock representing approximately 4.8% of the outstanding Common Stock.
Partners has sole power to vote and to dispose of 305,000 shares of Common
Stock representing approximately 2.4% of the outstanding Common Stock, and may
be deemed to have shared power to vote and to dispose of 711,000 shares of
Common Stock representing approximately 5.6% of the outstanding Common Stock.
Seneca has sole power to vote and to dispose of 207,000 shares of Common
Stock representing approximately 1.6% of the outstanding Common Stock, and may
be deemed to have shared power to vote and to dispose of 809,000 shares of
Common Stock representing approximately 6.4% of the outstanding Common Stock.
Services may be deemed to have shared power to vote and to dispose of
1,016,000 shares of Common Stock representing approximately 8.0% of the
outstanding Common Stock.
Barry Rubenstein, by virtue of being a general partner of Seneca, Partners
and the Fund, may be deemed to have shared power to vote and to dispose of
916,000 shares of Common Stock representing approximately 7.3% of the
outstanding Common Stock. Barry Rubenstein has
- --------
(1) The Fund disclaims beneficial ownership of 305,000 shares of Common Stock
owned by Partners, 207,000 shares of Common Stock owned by Seneca and
100,000 shares of Common Stock held in Barry Rubenstein's Rollover IRA
account.
(2) The reporting person disclaims beneficial ownership of these securities
except to the extent of his/her/its equity interest therein.
(3) Partners disclaim beneficial ownership of 404,000 shares of Common Stock
owned by the Fund, 207,000 shares of Common Stock owned by Seneca and
100,000 shares of Common Stock held in Barry Rubenstein's Rollover IRA
account.
(4) Seneca disclaims beneficial ownership of 305,000 shares of Common Stock
owned by Partners, 404,000 shares of Common Stock owned by the Fund and
100,000 shares of Common Stock held in Barry Rubenstein's Rollover IRA
account.
(5) Services disclaims beneficial ownership of 305,000 shares of Common Stock
owned by Partners and 100,000 shares of Common Stock held in Barry
Rubenstein's Rollover IRA account.
- 12 of 14 -
<PAGE>
sole power to vote and to dispose of 100,000 shares of Common Stock currently
held in his Rollover IRA account representing approximately 0.8% of the
outstanding Common Stock.
Marilyn Rubenstein, by virtue of being a general partner of Partners, and
wife of Barry Rubenstein, may be deemed to have shared power to vote and to
dispose of 1,016,000 shares of Common Stock representing approximately 8.0% of
the outstanding Common Stock.
(c) The following is a description of all transactions in the shares of
Common Stock of the Issuer by the persons identified in Item 2 of this Schedule
13D effected from May 15, 1999 through July 21, 1999, inclusive:
<TABLE>
<CAPTION>
Purchase or Number of Shares Purchase or
Name of Shareholder Sale Date Purchased or (Sold) Sale Price
- ------------------- --------- ------------------- ----------
<S> <C> <C> <C>
Seneca Ventures 7/15/99 (100,000) $18.00
Barry Rubenstein Rollover IRA 7/15/99 (75,000) $18.00
Woodland Ventures Fund 7/15/99 (150,000) $18.00
The Marilyn and Barry 7/15/99 (45,000) $18.00
Rubenstein Family Foundation
Woodland Partners 7/21/99 10,000 $19.00
</TABLE>
The reporting persons sold the shares of Common Stock in the
over-the-counter market.
On July 15, 1999, Woodland Partners donated by gift 30,000 shares of Common
Stock to the Foundation.
(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) Effective July 15, 1999, the Foundation, Brian Rubenstein and Rebecca
Rubenstein ceased to be the beneficial owners of more than five percent (5%) of
the Common Stock of the Issuer.
- 13 of 14 -
<PAGE>
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned hereby certifies that the information set forth in this
Schedule is true, complete, and correct.
Date: July 21, 1999
Barry Rubenstein
----------------------------------------
Barry Rubenstein, individually, as
General Partner on behalf of Woodland
Partners, Seneca Ventures, and Woodland
Venture Fund, as President of Woodland
Services Corp., and as Trustee of the
Marilyn and Barry Rubenstein Family
Foundation
Marilyn Rubenstein
----------------------------------------
Marilyn Rubenstein
*
----------------------------------------
Brian Rubenstein
*
----------------------------------------
Rebecca Rubenstein
*By: Barry Rubenstein
-------------------------------------------
Barry Rubenstein, Attorney-in-Fact
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
- 14 of 14 -
