SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
ENTERACTIVE, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
293636106
---------------
(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 Persons
Authorized to Receive Notices and Communications)
February 19, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following space __.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Barry Rubenstein
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds (See Instructions) 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
| | 323,000 shares 1.8%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 9,035,886 shares 48.4%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 323,000 shares 3.4%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 2,634,686 shares 26.8%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 2,957,686 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 29.6%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
2 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Woodland Venture Fund
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds (See Instructions) 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
| | 459,215 shares 2.5%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,182,987 shares 6.4%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 214,415 shares 2.3%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 606,587 shares 6.3%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 821,002 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 8.6%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| PN
================================================================================
3 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Seneca Ventures
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds (See Instructions) 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
| | 306,836 shares 1.7%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,335,366 shares 7.2%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 143,636 shares 1.5%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 677,366 shares 7.1%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 821,002 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 8.6%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| PN
================================================================================
4 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Woodland Services Corp.
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds (See Instructions) 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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,642,202 shares 8.9%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 821,002 shares 8.6%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 821,002 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 8.6%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| CO
================================================================================
5 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| 21st Century Communications Partners, L.P.
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds (See Instructions) 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
| | 2,084,289 shares 11.4%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 988,662 shares 5.4%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 701,169 shares 7.4%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 331,782 shares 3.5%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,032,951 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 11.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| PN
================================================================================
6 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| 21st Century Communications T-E Partners, L.P.
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (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
| | 713,004 shares 3.9%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 2,359,947 shares 12.9%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 242,172 shares 2.6%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 790,779 shares 8.4%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,032,951 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 11.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| PN
================================================================================
7 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| 21st Century Communications Foreign Partners, L.P.
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds WC,OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 275,658 shares 1.5%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 2,797,293 shares 15.3%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 89,610 shares 1.0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 943,341 shares 10.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,032,951 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 11.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| PN
================================================================================
8 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Michael J. Marocco
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 3,072,951 shares 16.8%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,032,951 shares 11.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,032,951 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 11.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
9 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| John Kornreich
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 3,072,951 shares 16.8%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,032,951 shares 11.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,032,951 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 11.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
10 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Harvey Sandler
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 3,072,951 shares 16.8%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,032,951 shares 11.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,032,951 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 11.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
11 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Andrew Sandler
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 3,072,951 shares 16.8%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,032,951 shares 11.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,032,951 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 11.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
12 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Barry Fingerhut
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds WC,OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 1,000 shares 0.01%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 7,316,684 shares 40.0%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 1,000 shares 0.01%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,736,684 shares 18.4%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,737,684 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 18.5%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
13 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Irwin Leiber
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds WC,OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 23,000 shares 0.1%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 7,316,684 shares 40.0%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 23,000 shares 0.2%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,736,684 shares 18.4%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,759,684 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 18.7%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
14 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Woodland Partners
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds WC,OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 448,914 shares 2.5%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,193,288 shares 6.5%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 35,714 shares 0.4%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 785,288 shares 8.2%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 821,002 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 8.6%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| PN
================================================================================
15 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Applewood Associates, L.P.
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds WC,OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 4,243,733 shares 23.2%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 0 shares 0%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 703,733 shares 7.5%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 0 shares 0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 703,733 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 7.5%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| PN
================================================================================
16 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Applewood Capital Corp.
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 4,243,733 shares 23.2%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 703,733 shares 7.5%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 703,733 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 7.5%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| CO
================================================================================
17 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Seth Leiber
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 4,243,733 shares 23.2%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 703,733 shares 7.5%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 703,733 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 7.5%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
18 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Jonathan Leiber
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 4,243,733 shares 23.2%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 703,733 shares 7.5%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 703,733 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 7.5%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
19 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Marilyn Rubenstein
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,642,202 shares 8.9%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 821,002 shares 8.6%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 821,002 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 8.6%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
20 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| The Marilyn and Barry Rubenstein Family Foundation
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 104,237 shares 0.6%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,537,965 shares 8.3%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 104,237 shares 1.1%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 716,765 shares 7.5%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 821,002 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 8.6%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| OO
================================================================================
21 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Brian Rubenstein
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 104,237 shares 0.6%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 104,237 shares 1.1%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 104,237 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 1.1%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
22 of 36
<PAGE>
CUSIP
No. 293636106 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Rebecca Rubenstein
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group (a) |_|
| (See Instructions) (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds OO
| (See Instructions)
- --------------------------------------------------------------------------------
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
| | 0 shares 0%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 104,237 shares 0.6%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 0 shares 0%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 104,237 shares 1.1%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 104,237 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares |_|
| (See Instructions)
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 1.1%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person (See Instructions)
| IN
================================================================================
23 of 36
<PAGE>
This statement, dated February 19, 1998, constitutes Amendment No. 6 to
the Schedule 13D, dated September 11, 1995, regarding the reporting persons
ownership of certain securities of Enteractive, 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. 6 to the Schedule is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting
persons. It shall refer only to information which has materially changed since
the filing of the Schedule.
ITEM 1. Security and Issuer
a) Class B Convertible Preferred Stock, $.01 par value (the
"Class B Preferred Stock"). The holders of the Class B Preferred Stock shall be
entitled to convert anytime after March 1, 1999 each share of Class B Preferred
Stock into a whole number of shares of Common Stock equal to the aggregate
Stated Value of the Class B Preferred Stock to be converted divided by $1.00.
Each share of Class B Preferred Stock has a Stated Value equal to $1,000.
For purposes of calculating the number of voting rights for the
Class A Convertible Preferred Stock (the "Preferred Stock"), the Stated Value of
the Preferred Stock was divided by $1.225, or 50% of the average closing sale
price for the Common Stock for the last ten trading days in the fiscal quarter
prior to December 1, 1997.
For purposes of calculating the number of voting rights for the
Class B Preferred Stock, the Stated Value of the Preferred Stock was divided by
$1.00.
b) Enteractive, Inc.
25 West 45th Street
Suite 306
New York, New York 10036
ITEM 3. Source and Amount of Funds or Other Consideration
On February 19, 1998, Applewood Associates, L.P. and Woodland
Partners acquired 1,500 and 250 shares of Class B Preferred Stock, respectively,
in a private placement.
The source of funds for the acquisition of the Class B Preferred
Stock was the general working capital of Applewood Associates, L.P. and Woodland
Partners.
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<PAGE>
The amount of cash used in acquiring the shares of Class B Preferred
Stock is set forth below:
Purchase Price
--------------
Applewood Associates, L.P. $1,500,000
Woodland Partners 250,000
ITEM 5. Interests in Securities of the Issuer.
a) The following list sets forth the aggregate number and
percentage (based on 9,416,876 shares of Common Stock, which includes 8,019,555
shares of Common Stock outstanding as reported in the Issuer's Form 10-Q for the
quarter ended November 30, 1997 and 1,397,321 shares of Common Stock issued
pursuant to the Exchange Offer) of outstanding shares of Common Stock owned
beneficially by each reporting person named in Item 2, as of February 19, 1998:
Percentage
Shares of of Shares
Common Stock Percent of of Common Stock
Beneficially Voting Beneficially
Name Owned(1) Control(2) Owned
---- ------------ ---------- ---------------
Barry Rubenstein 2,957,686(3,4,5,6) 49.7% 29.6%
Woodland Venture Fund 821,002(3) 8.9% 8.6%
Seneca Ventures 821,002(3) 8.9% 8.6%
Woodland Services Corp. 821,002(3) 8.9% 8.6%
21st Century 1,032,951(3,7) 16.8% 11.0%
Communications
Partners, L.P.
21st Century 1,032,951(3,8) 16.8% 11.0%
Communications T-E
Partners, L.P.
- --------
(3) The reporting person disclaims beneficial ownership of these securities,
except to the extent of his/her/its equity interest therein.
(4) Includes 400,000 shares of Common Stock issuable upon the exercise of the
Revwood Warrant.
(5) Includes 703,733 shares of Common Stock owned by Applewood.
(6) Includes 1,032,951 shares of Common Stock owned by 21st Century, T-E and
Foreign.
(7) Includes 701,169 shares of Common Stock. 21st Century disclaims beneficial
ownership of 242,172 shares of Common Stock owned by T-E and 89,610 shares
of Common Stock owned by Foreign.
(8) Includes 242,172 shares of Common Stock. T-E disclaims beneficial ownership
of 701,169 shares of Common Stock owned by 21st Century and 89,610 shares of
Common Stock owned by Foreign.
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<PAGE>
Shares of
Common Stock Percent of Percentage of Shares
Beneficially Voting of Common Stock
Name Owned(1) Control(2) Beneficially Owned
---- ------------ ---------- --------------------
21st Century 1,032,951(3,9) 16.8% 11.0%
Communications
Foreign Partners, L.P.
Michael Marocco 1,032,951(3,6) 16.8% 11.0%
John Kornreich 1,032,951(3,6) 16.8% 11.0%
Harvey Sandler 1,032,951(3,6) 16.8% 11.0%
Andrew Sandler 1,032,951(3,6) 16.8% 11.0%
Barry Fingerhut 1,737,684(3,5,6) 40.1% 18.5%
Irwin Lieber 1,759,684(3,5,6) 40.1% 18.7%
Woodland Partners 821,002(3) 8.9% 8.6%
Applewood Associates, 703,733(5) 23.2% 7.5%
L.P
Applewood Capital Corp. 703,733(3,5) 23.2% 7.5%
Seth Lieber 703,733(3,5) 23.2% 7.5%
Jonathan Lieber 703,733(3,5) 23.2% 7.5%
Marilyn Rubenstein 821,002(3) 8.9% 8.6%
The Marilyn and Barry 821,002(3) 8.9% 8.6%
Rubenstein Family
Foundation
Brian Rubenstein 104,237(3) 0.6% 1.1%
Rebecca Rubenstein 104,237(3) 0.6% 1.1%
b) Barry Rubenstein has sole power to vote and dispose of 323,000
shares of Common Stock (including 125,000 shares issuable upon the exercise of
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option
and 500 shares received upon the consummation of the exchange in October 1997,
of Warrants for Common Stock), representing approximately 1.8% and 3.4%,
respectively, of the outstanding Common Stock. By virtue of being a shareholder,
officer and director of InfoMedia, a Trustee of the Foundation and a general
partner of Applewood, Seneca, the Fund, Woodland Partners and Revwood, Barry
Rubenstein may be
- ----------
(9) Includes 89,610 shares of Common Stock. Foreign disclaims beneficial
ownership of 701,169 shares of Common Stock owned by 21st Century and
242,172 shares of Common Stock owned by T-E.
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<PAGE>
deemed to have shared power to vote 9,035,886 shares of Common Stock (including
4,651,200 voting rights from the Preferred Stock, 1,017,857 shares received upon
the consummation of the Exchange Offer, 1,000 shares received upon the
consummation of the exchange in October 1997, of Warrants for Common Stock,
400,000 shares issuable upon the exercise of the Revwood Warrant and 1,750,000
voting rights from the Class B Preferred Stock), representing approximately
48.4% of the outstanding Common Stock, and may be deemed to have shared power to
dispose of 2,634,686 shares of Common Stock (including 1,017,857 shares received
upon the consummation of the Exchange Offer, 1,000 shares received upon the
consummation of the exchange in October 1997, of Warrants for Common Stock, and
400,000 shares issuable upon the exercise of the Revwood Warrant), representing
approximately 26.8% of the outstanding Common Stock.
The Fund has sole power to vote 459,215 shares of Common Stock,
representing approximately 2.5% of the outstanding Common Stock (including
244,800 voting rights from the Preferred Stock and 53,571 shares received upon
the consummation of the Exchange Offer), and may be deemed to have shared power
to vote 1,182,987 shares of Common Stock (including 326,400 voting rights from
the Preferred Stock, 71,428 shares received upon the consummation of the
Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified
Option, 50,000 shares issuable upon the exercise of the Option, 1,500 shares
received upon the consummation of the exchange in October 1997, of Warrants for
Common Stock and 250,000 voting rights from the Class B Preferred Stock),
representing approximately 6.4% of the outstanding Common Stock. The Fund has
the sole power to dispose of 214,415 shares of Common Stock (including 53,571
shares received upon the consummation of the Exchange Offer), representing
approximately 2.3% of the outstanding Common Stock, and shared power to dispose
of 606,587 shares of Common Stock (including 71,428 shares received upon the
consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option
and 1,500 shares received upon the consummation of the exchange in October 1997,
of Warrants for Common Stock), representing approximately 6.3% of the
outstanding Common Stock.
Seneca has sole power to vote 306,836 shares of Common Stock, representing
approximately 1.7% of the outstanding Common Stock (including 163,200 voting
rights from the Preferred Stock and 35,714 shares received upon the consummation
of the Exchange Offer), and may be deemed to have shared power to vote 1,335,366
shares of Common Stock (including 408,000 voting rights from the Preferred
Stock, 89,285 share received upon the consummation of the Exchange Offer,
125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000
shares issuable upon the exercise of the Option, 1,500 share received upon the
consummation of the exchange in October 1997, of Warrants for Common Stock and
250,000 voting rights from the Class B Preferred Stock), representing
approximately 7.2% of the outstanding Common Stock. Seneca has the sole power to
dispose of 143,636 shares of Common Stock (including 35,714 shares received upon
the consummation of the Exchange Offer), representing approximately 1.5% of the
outstanding Common Stock, and shared power to dispose of 677,366 shares of
Common Stock (including 89,285 shares received upon the consummation of the
Exchange Offer, 125,000 shares issuable upon the exercise of the Non-Qualified
Option, 50,000 shares issuable upon the exercise of the Option and
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<PAGE>
1,500 shares received upon the consummation of the exchange in October 1997, of
Warrants for Common Stock), representing approximately 7.1% of the outstanding
Common Stock.
Woodland Services Corp. has shared power to vote 1,642,202 shares of
Common Stock (including 571,200 voting rights from the Preferred Stock, 124,999
shares received upon the consummation of the Exchange Offer, 125,000 shares
issuable upon the exercise of the Non- Qualified Option, 50,000 shares issuable
upon the exercise of the Option, 1,500 shares received upon the consummation of
the exchange in October 1997, of Warrants for Common Stock and 250,000 voting
rights from the Class B Preferred Stock), representing approximately 8.9% of the
outstanding Common Stock, and may be deemed to have shared power to dispose of
821,002 shares of Common Stock (including 124,999 shares received upon the
consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the Option
and 1,500 shares received upon the consummation of the exchange in October 1997,
of Warrants for Common Stock), representing approximately 8.6% of the
outstanding Common Stock.
21st Century has sole power to vote 2,084,289 shares of Common Stock
(including 1,383,120 voting rights from the Preferred Stock and 302,679 shares
received upon the consummation of the Exchange Offer), representing
approximately 11.4% of the outstanding Common Stock. 21st Century has sole power
to dispose of 701,169 shares of Common Stock (including 302,679 shares received
upon the consummation of the Exchange Offer), representing approximately 7.4% of
the outstanding shares of Common Stock. 21st Century may be deemed to have
shared power to vote 988,662 shares of Common Stock (including 656,880 voting
rights from the Preferred Stock, and 143,750 shares received upon the
consummation of the Exchange Offer), representing approximately 5.4% of the
outstanding Common Stock, and may be deemed to have shared power to dispose of
331,782 shares of Common Stock (including 143,750 shares received upon the
consummation of the Exchange Offer), representing approximately 3.5% of the
outstanding Common Stock.
T-E has sole power to vote 713,004 shares of Common Stock (including
470,832 voting rights from the Preferred Stock and 103,036 shares received upon
the consummation of the Exchange Offer), representing approximately 3.9% of the
outstanding Common Stock, and may be deemed to have shared power to vote
2,359,947 shares of Common Stock (including 1,569,168 voting rights from the
Preferred Stock, and 343,393 shares received upon the consummation of the
Exchange Offer), representing approximately 12.9% of the outstanding Common
Stock. T-E has sole power to dispose of 242,172 shares of Common Stock
(including 103,036 shares received upon the consummation of the Exchange Offer),
representing approximately 2.6% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 790,779 shares of Common Stock
(including 343,393 shares received upon the consummation of the Exchange Offer),
representing approximately 8.4% of the outstanding Common Stock.
Foreign has sole power to vote 275,658 shares of Common Stock (including
186,048 voting rights from the Preferred Stock and 40,714 shares received upon
the consummation of the Exchange Offer), representing approximately 1.5% of the
outstanding Common Stock. Foreign may be deemed
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<PAGE>
to have shared power to vote 2,797,293 shares of Common Stock (including
1,853,952 voting rights from the Preferred Stock and 405,715 shares received
upon the consummation of the Exchange Offer), representing approximately 15.3%
of the outstanding Common Stock. Foreign has sole power to dispose of 89,610
shares of Common Stock (including 40,714 shares received upon the consummation
of the Exchange Offer), representing approximately 1.0% of the outstanding
Common Stock, and may be deemed to have shared power to dispose of 943,341
shares of Common Stock (including 405,715 shares received upon the consummation
of the Exchange Offer), representing approximately 10.0% of the outstanding
Common Stock.
By virtue of being the sole shareholder, officer and director of MJDM
Corp., Michael J. Marocco may be deemed to have shared power to vote 3,072,951
shares of Common Stock, representing approximately 16.8% of the outstanding
Common Stock (including 2,040,000 voting rights from the Preferred Stock and
446,429 shares received upon the consummation of the Exchange Offer), and may be
deemed to have shared power to dispose of 1,032,951 shares of Common Stock
(including 446,429 shares received upon the consummation of the Exchange Offer),
representing approximately 11.0% of the outstanding Common Stock.
By virtue of being the majority shareholder and director of Four JK Corp.,
John Kornreich may be deemed to have shared power to vote 3,072,951 shares of
Common Stock, representing approximately 16.8% of the outstanding Common Stock
(including 2,040,000 voting rights from the Preferred Stock and 446,429 shares
received upon the consummation of the Exchange Offer), and may be deemed to have
shared power to dispose of 1,032,951 shares of Common Stock (including 446,429
shares received upon the consummation of the Exchange Offer), representing
approximately 11.0% of the outstanding Common Stock.
By virtue of being the sole shareholder of ARH Corp., Harvey Sandler may
be deemed to have shared power to vote 3,072,951 shares of Common Stock,
representing approximately 16.8% of the outstanding Common Stock (including
2,040,000 voting rights from the Preferred Stock and 446,429 shares received
upon the consummation of the Exchange Offer), and may be deemed to have shared
power to dispose of 1,032,951 shares of Common Stock (including 446,429 shares
received upon the consummation of the Exchange Offer), representing
approximately 11.0% of the outstanding Common Stock.
By virtue of being a manager and majority member of ALSI, LLC, Andrew
Sandler may be deemed to have shared power to vote 3,072,951 shares of Common
Stock, representing approximately 16.8% of the outstanding Common Stock
(including 2,040,000 voting rights from the Preferred Stock and 446,429 shares
received upon consummation of the Exchange Offer), and may be deemed to have
shared power to dispose of 1,032,951 shares of Common Stock (including 446,429
shares received upon consummation of the Exchange Offer), representing
approximately 11.0% of the outstanding Common Stock.
Barry Fingerhut has sole power to vote and dispose of 1,000 shares of
Common Stock (received upon the consummation of the exchange in October 1997, of
Warrants for Common Stock), representing approximately 0.01% and 0.01%,
respectively of the outstanding Common
29 of 36
<PAGE>
Stock. By virtue of being a shareholder, officer and director of InfoMedia and a
general partner of Applewood, Barry Fingerhut may be deemed to have shared power
to vote 7,316,684 shares of Common Stock (including 4,080,000 voting rights from
the Preferred Stock, 892,858 shares received upon consummation of the Exchange
Offer and 1,500,000 voting rights from the Class B Preferred Stock),
representing approximately 40.0% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 1,736,684 shares of Common Stock
(including 892,858 shares received upon consummation of the Exchange Offer),
representing approximately 18.4% of the outstanding Common Stock.
Irwin Lieber has sole power to vote and dispose of 23,000 shares of Common
Stock (including 1,000 shares received upon consummation of the Exchange Offer
and 17,000 shares issuable upon the exercise of the warrants), representing
approximately 0.1% and 0.2%, respectively of the outstanding Common Stock. By
virtue of being a shareholder, officer and director of InfoMedia and a general
partner of Applewood, Irwin Lieber may be deemed to have shared power to vote
7,316,684 shares of Common Stock (including 4,080,000 voting rights from the
Preferred Stock, 892,858 shares received upon consummation of the Exchange Offer
and 1,500,000 voting rights from the Class B Preferred Stock), representing
approximately 40.0% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 1,736,684 shares of Common Stock (including 892,858
shares received upon consummation of the Exchange Offer), representing
approximately 18.4% of the outstanding Common Stock.
Applewood has sole power to vote 4,243,733 shares of Common Stock
(including 2,040,000 voting rights from the Preferred Stock, 446,429 shares
received upon consummation of the Exchange Offer and 1,500,000 voting rights
from the Class B Preferred Stock), representing approximately 23.2% of the
outstanding Common Stock, and has sole power to dispose of 703,733 shares of
Common Stock (including 446,429 shares received upon consummation of the
Exchange Offer), representing approximately 7.5% of the outstanding Common
Stock.
AC Corp. may be deemed to have shared power to vote 4,243,733 shares of
Common Stock (including 2,040,000 voting rights from the Preferred Stock,
446,429 shares received upon consummation of the Exchange Offer and 1,500,000
voting rights from the Class B Preferred Stock), representing approximately
23.2% of the outstanding Common Stock, and may be deemed to have shared power to
dispose of 703,733 shares of Common Stock (including 446,429 shares received
upon consummation of the Exchange Offer), representing approximately 7.5% of the
outstanding Common Stock.
By virtue of being an officer of AC Corp., Seth Lieber may be deemed to
have shared power to vote 4,243,733 shares of Common Stock (including 2,040,000
voting rights from the Preferred Stock, 446,429 shares received upon
consummation of the Exchange Offer and 1,500,000 voting rights from the Class B
Preferred Stock), representing approximately 23.2% of the outstanding Common
Stock, and may be deemed to have shared power to dispose of 703,733 shares of
Common Stock (including 446,429 shares received upon consummation of the
Exchange Offer), representing approximately 7.5% of the outstanding Common
Stock.
30 of 36
<PAGE>
By virtue of being an officer of AC Corp., Jonathan Lieber may be deemed
to have shared power to vote 4,243,733 shares of Common Stock (including
2,040,000 voting rights from the Preferred Stock, 446,429 shares received upon
consummation of the Exchange Offer and 1,500,000 voting rights from the Class B
Preferred Stock), representing approximately 23.2% of the outstanding Common
Stock, and may be deemed to have shared power to dispose of 703,733 shares of
Common Stock (including 446,429 shares received upon consummation of the
Exchange Offer), representing approximately 7.5% of the outstanding Common
Stock.
Woodland Partners has sole power to vote 448,914 shares of Common Stock,
representing approximately 2.5% of the outstanding Common Stock (including
163,200 voting rights from the Preferred Stock, 35,714 shares received upon
consummation of the Exchange Offer and 250,000 voting rights from the Class B
Preferred Stock), and may be deemed to have shared power to vote 1,193,288
shares of Common Stock (including 408,000 voting rights from the Preferred
Stock, 89,285 shares received upon consummation of the Exchange Offer, 125,000
shares issuable upon the exercise of the Non-Qualified Option, 50,000 shares
issuable upon the exercise of the Option and 1,500 shares received upon the
consummation of the exchange in October 1997, of Warrants for Common Stock),
representing approximately 6.5% of the outstanding Common Stock. Woodland
Partners has sole power to dispose of 35,714 shares of Common Stock
(representing 35,714 shares received upon consummation of the Exchange Offer),
representing approximately 0.4% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 785,288 shares of Common Stock
(including 89,285 shares received upon consummation of the Exchange Offer,
125,000 shares issuable upon the exercise of the Non-Qualified Option, 50,000
shares issuable upon the exercise of the Option and 1,500 shares received upon
the consummation of the exchange in October 1997, of Warrants for Common Stock),
representing approximately 8.2% of the outstanding Common Stock.
By virtue of being a general partner of Woodland Partners, a Trustee of
the Foundation, and the wife of Barry Rubenstein, Marilyn Rubenstein may be
deemed to have shared power to vote 1,642,202 shares of Common stock (including
571,200 voting rights from the Preferred Stock, 124,999 shares received upon
consummation of the Exchange Offer, 125,000 shares issuable upon the exercise of
the Non-Qualified Option, 50,000 shares issuable upon the exercise of the
Option, 1,500 shares received upon the consummation of the exchange in October
1997, of Warrants for Common Stock and 250,000 voting rights from the Class B
Preferred Stock), representing approximately 8.9% of the outstanding Common
Stock, and may be deemed to have shared power to dispose of 821,002 shares of
Common Stock (including 124,999 shares received upon consummation of the
Exchange Offer, 125,000 shares issuable upon the exercise of the Non- Qualified
Option, 50,000 shares issuable upon the exercise of the Option and 1,500 shares
received upon the consummation of the exchange in October 1997, of Warrants for
Common Stock), representing approximately 8.6% of the outstanding Common Stock.
The Foundation has sole power to vote 104,237 shares of Common Stock
(including 1,000 shares received upon consummation of the Exchange Offer),
representing approximately 0.6% of the outstanding Common Stock, and may be
deemed to have shared power to vote 1,537,965 shares of Common Stock (including
571,200 voting rights from the Preferred Stock, 124,999 shares
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<PAGE>
received upon consummation of the Exchange Offer, 125,000 shares issuable upon
the exercise of the Non-Qualified Option, 50,000 shares issuable upon the
exercise of the Option, 500 shares received upon consummation of the Exchange
Offer and 250,000 voting rights from the Class B Preferred Stock), representing
approximately 8.3% of the outstanding Common Stock. The Foundation has sole
power to dispose of 104,237 shares of Common Stock (including 1,000 shares
received upon consummation of the Exchange Offer), representing approximately
1.1% of the outstanding Common Stock, and may be deemed to have shared power to
dispose of 716,765 shares of Common Stock (including 124,999 shares received
upon consummation of the Exchange Offer, 125,000 shares issuable upon the
exercise of the Non-Qualified Option, 50,000 shares issuable upon the exercise
of the Option and 500 shares received upon consummation of the Exchange Offer),
representing approximately 7.5% of the outstanding Common Stock.
By virtue of being a Trustee of the Foundation, Brian Rubenstein may be
deemed to have shared power to vote 104,237 shares of Common Stock (including
1,000 shares received upon consummation of the Exchange Offer), representing
approximately 0.6% of the outstanding shares of Common Stock, and may be deemed
to have shared power to dispose of 104,237 shares of Common Stock (including
1,000 shares received upon consummation of the Exchange Offer), representing
approximately 1.1% of the outstanding Common Stock.
By virtue of being a Trustee of the Foundation, Rebecca Rubenstein may be
deemed to have shared power to vote 104,237 shares of Common Stock (including
1,000 shares received upon consummation of the Exchange Offer), representing
approximately 0.6% of the outstanding shares of Common Stock, and may be deemed
to have shared power to dispose of 104,237 shares of Common Stock (including
1,000 shares received upon consummation of the Exchange Offer), representing
approximately 1.1% of the outstanding Common Stock.
(c) The following is a description of all transactions in shares
of Class B Preferred Stock of the Issuer by the persons identified in Item 2 of
this Schedule 13D effected from February 7, 1998 through February 19, 1998,
inclusive:
Purchase Number of Shares of
or Sale Class B Preferred Stock Purchase or
Name of Shareholder Date Purchased or (Sold) Sale Price
- ------------------- -------- ----------------------- ------------
Applewood Associates, L.P. 2/19/98 1,500 $1000
Woodland Partners 2/19/98 250 $1000
(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.
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<PAGE>
Signature
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: February 27, 1998
SENECA VENTURES
/s/ Barry Rubenstein
--------------------------
Barry Rubenstein,
A General Partner
WOODLAND VENTURE FUND
/s/ Barry Rubenstein
--------------------------
Barry Rubenstein,
A General Partner
WOODLAND SERVICES CORP.
/s/ Barry Rubenstein
--------------------------
Barry Rubenstein,
President
WOODLAND PARTNERS
/s/ Barry Rubenstein
--------------------------
Barry Rubenstein,
A General Partner
APPLEWOOD ASSOCIATES, L.P.
/s/ Irwin Lieber
--------------------------
Irwin Lieber,
A General Partner
APPLEWOOD CAPITAL CORP.
/s/ Barry Rubenstein
--------------------------
Barry Rubenstein,
President
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<PAGE>
/s/ Barry Rubenstein
---------------------------
Barry Rubenstein
/s/ Barry Fingerhut
---------------------------
Barry Fingerhut
/s/ Irwin Lieber
---------------------------
Irwin Lieber
/s/ Jonathan Lieber
---------------------------
Jonathan Lieber
/s/ Seth Lieber
---------------------------
Seth Lieber
/s/ Marilyn Rubenstein
---------------------------
Marilyn Rubenstein
THE MARILYN AND BARRY
RUBENSTEIN FAMILY
FOUNDATION
By: /s/ Barry Rubenstein
---------------------------
Barry Rubenstein, a Trustee
*
---------------------------
Brian Rubenstein
*
---------------------------
Rebecca Rubenstein
* By: /s/ Barry Rubenstein
Barry Rubenstein
Attorney-in-Fact
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<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: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: 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: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: 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: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: Treasurer
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<PAGE>
/s/ Michael J. Marocco
--------------------------------------
Michael J. Marocco
/s/ John Kornreich
--------------------------------------
John Kornreich
/s/ Harvey Sandler
--------------------------------------
Harvey Sandler
/s/ Andrew Sandler
--------------------------------------
Andrew Sandler
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
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