SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
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. 9)1
CORNERSTONE INTERNET SOLUTIONS CO.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
293636106
----------------------
(CUSIP Number)
Copy to:
Stephen A. Cohen, Esq.
Seneca Ventures Morrison Cohen Singer & Weinstein, LLP
68 Wheatley Road 750 Lexington Avenue
Brookville, New York 11545 New York, New York 10022
Telephone (516) 626-3070 Telephone (212) 735-8600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
November 25, 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(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 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Barry Rubenstein |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* 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 |
| | | 473,000 shares 2.0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 12,084,686 shares 50.3% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 473,000 shares 4.0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 2,634,686 shares 22.0% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | 3,107,686 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) |
| | |
| | 25.6% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name 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) [ ] |
| | (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 |
| | | 514,415 shares 2.2% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 1,406,587 shares 5.9% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 214,415 shares 1.9% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 756,587 shares 6.4% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | 971,002 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) |
| | |
| | 8.3% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name 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) [ ] |
| | (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 |
| | | 343,636 shares 1.5% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 1,577,366 shares 6.6% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 143,636 shares 1.2% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 827,366 shares 7.0% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | 971,002 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) |
| | |
| | 8.3% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Woodland Services Corp. |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization New York |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 1,921,002 shares 8.1% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 971,002 shares 8.3% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | 971,002 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) |
| | |
| | 8.3% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | CO |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | 21st Century Communications Partners, L.P. |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization Delaware |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 3,074,169 shares 13.0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 1,458,782 shares 6.2% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 701,169 shares 6.1% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 331,782 shares 2.9% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 8.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | 21st Century Communications T-E Partners, L.P. |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization Delaware |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 1,050,172 shares 4.4% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 3,482,779 shares 14.7% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 242,172 shares 2.1% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 790,779 shares 6.8% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 8.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | 21st Century Communications Foreign Partners, L.P. |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization Delaware |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 408,610 shares 1.7% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 4,124,341 shares 17.4% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 89,610 shars 0.8% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 943,341 shares 8.1% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 8.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Michael J. Marocco |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 4,532,951 shares 19.2% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 1,032,951 shares 8.9% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 8.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | John Kornreich |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 4,532,951 shares 19.2% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 1,032,951 shares 8.9% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 8.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Harvey Sandler |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shars 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 4,532,951 shares 19.2% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 1,032,951 shares 8.9% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 8.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Andrew Sandler |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 4,532,951 shares 19.2% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 1,032,951 shares 8.9% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 8.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Barry Fingerhut |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* 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 |
| | | 1,000 shares 0.01% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 10,236,684 shares 43.3% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 1,000 shares 0.01% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 1,736,684 shares 15.0% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 15.0% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Irwin Lieber |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* 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 |
| | | 23,000 sharess 0.1% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 10,236,684 shares 43.3% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 23,000 shares 0.2% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 1,736,684 shares 15.0% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 15.2% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Woodland Partners |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization New York |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 485,714 shares 2.1% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 1,435,288 shares 6.0% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 35,714 shares 0.3% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 935,288 shares 8.0% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | 971,002 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) |
| | |
| | 8.3% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Applewood Associates, L.P. |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization New York |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 5,703,733 shares 24.1% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 0 shares 0% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 703,733 shares 6.1% |
| 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) |
| | |
| | 6.1% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Applewood Capital Corp. |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization New York |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 5,703,733 shares 24.1% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 703,733 shares 6.1% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 6.1% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | CO |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Seth Lieber |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 5,703,733 shares 24.1% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 703,733 shares 6.1% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 6.1% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Jonathan Lieber |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 5,703,733 shares 24.1% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 703,733 shares 6.1% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 6.1% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Marilyn Rubenstein |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 1,921,002 shares 8.1% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 971,002 shares 8.3% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | 971,002 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) |
| | |
| | 8.3% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 20 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name 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) [ ] |
| | (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 |
| | | 104,237 shares 0.4% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 1,816,765 shares 7.6% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 104,237 shares 0.9% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 866,765 shares 7.4% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | 971,002 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) |
| | |
| | 8.3% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | OO |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 21 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name 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) [ ] |
| | (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 |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 104,237 shares 0.4% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 104,237 shares 0.9% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 0.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 22 of 36
<PAGE>
CUSIP
No. 293636106 13D
|----------------------------------------------------------------------------|
| 1 | Name 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) [ ] |
| | (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 |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 104,237 shares 0.4% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 104,237 shares 0.9% |
|----------------------------------------------------------------------------|
| 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) |
| | |
| | 0.9% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person (See Instructions) |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 23 of 36
<PAGE>
This statement, dated November 25, 1998, constitutes Amendment No. 9 to
the Schedule 13D, dated September 11, 1995, regarding the reporting persons
ownership of certain securities of Cornerstone Internet Solutions Co. (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. 9 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
Class D Convertible Preferred Stock, $.01 par value (the "Class D
Preferred Stock"). The holders of the Class D Preferred Stock shall be entitled
upon the earlier of (i) June 30, 2000, or (ii) at any time after the closing
price of the Common Stock shall have been at least $1.50 per share (subject to
adjustment in the event of subdivision or combination of the shares of Common
Stock) on 15 trading days during any 20 trading day period, to convert each
share of Class D Preferred Stock into such whole number of shares of Common
Stock as is equal to the aggregate stated value of the Class D Preferred Stock
divided by $1.00. Each share of Class D Preferred Stock has a stated value equal
to $1,250.
For purposes of calculating the number of voting rights for the Class D
Preferred Stock, the stated value of the Class D Preferred Stock was divided by
$1.00.
In the event of any voluntary or involuntary liquidation, dissolution,
winding up of the Issuer or a change of control (as defined in the Issuer's
Certificate of Designations, Preferences and Other Rights and Qualifications of
Class D Preferred Stock), the Class D Preferred Stock is entitled to receive
prior to any distribution to certain other holders an amount equal to the stated
value of the Class D Preferred Stock ($1,250 per share) multiplied by 1.1 for
each share of Class D Preferred Stock then outstanding.
ITEM 3. Source and Amount of Funds or Other Consideration
The Issuer offered to exchange (the "Class C Exchange Offer") one share of
Class C Preferred Stock for one share of its Class D Preferred Stock. Effective
November 25, 1998, the reporting persons were advised that 5,720 shares of Class
C Preferred Stock were tendered for exchange into Class D Preferred Stock.
Therefore, 540 shares of Class C Preferred Stock remain outstanding.
The Issuer also offered to exchange (the "Class B Exchange Offer") one
share of Class B Preferred Stock for .8 shares of its Class D Preferred Stock.
Effective December 9, 1998,
Page 24 of 36
<PAGE>
the reporting persons were advised that all 2,000 shares of Class B Preferred
Stock were tendered for exchange into Class D Preferred Stock.
ITEM 4. Purpose of Transaction.
The reporting persons acquired their securities for purposes of
investment. The reporting persons do not have any present plan or proposal which
would relate to or result in any of the actions set forth in subparagraphs (a)
through (j) of Item 4 of Schedule 13D except as set forth herein.
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and percentage
(based on 11,574,895 shares of Common Stock, outstanding as of October 19, 1998,
as reported by the Issuer in its private placement offering dated October 27,
1998), of outstanding shares of Common Stock owned beneficially by each
reporting person named in Item 2, as of December 9, 1998:
Page 25 of 36
<PAGE>
<TABLE>
<CAPTION>
Shares of
Common Stock Percentage of Shares
Beneficially Percent of of Common Stock
Name Owned(2) Voting Control(3) Beneficially Owned(2)
- -------------------------- ------------- ---------------- ---------------------
<S> <C> <C> <C>
Barry Rubenstein 3,107,686(4,5,6,7) 51.8% 25.6%
Woodland Venture Fund 971,002(4) 8.1% 8.3%
Seneca Ventures 971,002(4) 8.1% 8.3%
Woodland Services Corp. 971,002(4) 8.1% 8.3%
21st Century 1,032,951(4,8) 19.2% 8.9%
Communications
Partners, L.P.
21st Century 1,032,951(4,9) 19.2% 8.9%
Communications T-E
Partners, L.P.
21st Century 1,032,951(4,10) 19.2% 8.9%
Communications Foreign
Partners, L.P.
Michael Marocco 1,032,951(4,7) 19.2% 8.9%
John Kornreich 1,032,951(4,7) 19.2% 8.9%
</TABLE>
- ----------------
(2) Includes shares of Common Stock issuable upon the exercise of the warrants
and the Rev-Wood Option.
(3) Includes voting rights from the Class D Preferred Stock.
(4) The reporting person disclaims beneficial ownership of these securities,
except to the extent of his/her/its equity interest therin.
(5) Includes 400,000 shares of Common Stock issuable upon the exercise of the
Rev-Wood Warrant, and 160,500 shares of Common Stock held in Barry
Rubenstein's Rollover IRA account.
(6) Includes 703,733 shares of Common Stock owned by Applewood.
(7) Includes 1,032,951 shares of Common Stock owned by 21st Century, T-E and
Foreign.
(8) 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.
(9) 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.
(10) 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.
Page 26 of 36
<PAGE>
<TABLE>
<CAPTION>
Shares of
Common Stock Percentage of Shares
Beneficially Percent of of Common Stock
Name Owned(2) Voting Control(3) Beneficially Owned(2)
- -------------------------- ------------- ---------------- ---------------------
<S> <C> <C> <C>
Harvey Sandler 1,032,951(4,7) 19.2% 8.9%
Andrew Sandler 1,032,951(4,7) 19.2% 8.9%
Barry Fingerhut 1,737,684(4,6,7) 43.3% 15.0%
Irwin Lieber 1,759,684(4,6,7) 43.4% 15.2%
Woodland Partners 971,002(4) 8.1% 8.3%
Applewood Associates, 703,733(6) 24.1% 6.1%
L.P.
Applewood Capital Corp. 703,733(4,6) 24.1% 6.1%
Seth Lieber 703,733(4,6) 24.1% 6.1%
Jonathan Lieber 703,733(4,6) 24.1% 6.1%
Marilyn Rubenstein 971,002(4) 8.1% 8.3%
The Marilyn and Barry 971,002(4) 8.1% 8.3%
Rubenstein Family
Foundation
Brian Rubenstein 104,237(4) 0.4% 0.9%
Rebecca Rubenstein 104,237(4) 0.4% 0.9%
</TABLE>
(b) Barry Rubenstein has sole power to vote and to dispose of 473,000
shares of Common Stock (including 125,000 shares issuable upon the exercise of
the Non-Qualified Option and 50,000 shares issuable upon the exercise of the
Option), representing approximately 2.0% and 4.0%, 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 Rev-Wood, Barry Rubenstein may be deemed
to have shared power to vote 12,084,686 shares of Common Stock (including
400,000 shares issuable upon the exercise of the Rev-Wood Warrant and 9,450,000
voting rights from the Class D Preferred Stock), representing approximately
50.3% of the outstanding Common Stock, and may be deemed to have shared power to
dispose of 2,634,686 shares of Common Stock (including 400,000 shares issuable
upon the exercise of the Rev-Wood Warrant), representing approximately 22.0% of
the outstanding Common Stock.
The Fund has sole power to vote 514,415 shares of Common Stock,
representing approximately 2.2% of the outstanding Common Stock (including
300,000 voting rights from the Class D Preferred Stock), and may be deemed to
have shared power to vote 1,406,587 shares of
Page 27 of 36
<PAGE>
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
650,000 voting rights from the Class D Preferred Stock), representing
approximately 5.9% of the outstanding Common Stock. The Fund has the sole power
to dispose of 214,415 shares of Common Stock, representing approximately 1.9% of
the outstanding Common Stock, and shared power to dispose of 756,587 shares of
Common Stock (including 125,000 shares issuable upon the exercise of the
Non-Qualified Option and 50,000 shares issuable upon the exercise of the
Option), representing approximately 6.4% of the outstanding Common Stock.
Seneca has sole power to vote 343,636 shares of Common Stock, representing
approximately 1.5% of the outstanding Common Stock (including 200,000 voting
rights from the Class D Preferred Stock), and may be deemed to have shared power
to vote 1,577,366 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 750,000 voting rights from the Class D Preferred
Stock), representing approximately 6.6% of the outstanding Common Stock. Seneca
has sole power to dispose of 143,636 shares of Common Stock, representing
approximately 1.2% of the outstanding Common Stock, and shared power to dispose
of 827,366 shares of Common Stock (including 125,000 shares issuable upon the
exercise of the Non-Qualified Option and 50,000 shares issuable upon the
exercise of the Option), representing approximately 7.0% of the outstanding
Common Stock.
Woodland Services Corp. has shared power to vote 1,921,002 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
950,000 voting rights from the Class D Preferred Stock), representing
approximately 8.1% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 971,002 shares of Common Stock (125,000 shares
issuable upon the exercise of the Non-Qualified Option and 50,000 shares
issuable upon the exercise of the Option), representing approximately 8.3% of
the outstanding Common Stock.
21st Century has sole power to vote 3,074,169 shares of Common Stock
(including 2,373,000 voting rights from the Class D Preferred Stock),
representing approximately 13.0% of the outstanding Common Stock, and may be
deemed to have shared power to vote 1,458,782 shares of Common Stock (including
1,127,000 voting rights from the Class D Preferred Stock), representing
approximately 6.2% of the outstanding Common Stock. 21st Century has sole power
to dispose of 701,169 shares of Common Stock, representing approximately 6.1% of
the outstanding shares of Common Stock, and may be deemed to have shared power
to dispose of 331,782 shares of Common Stock, representing approximately 2.9% of
the outstanding Common Stock.
T-E has sole power to vote 1,050,172 shares of Common Stock (including
808,000 voting rights from the Class D Preferred Stock), representing
approximately 4.4% of the outstanding Common Stock, and may be deemed to have
shared power to vote 3,482,779 shares of Common Stock (including 2,692,000
voting rights from the Class D Preferred Stock), representing approximately
14.7% of the outstanding Common Stock. T-E has sole power to dispose of 242,172
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shares of Common Stock, representing approximately 2.1% of the outstanding
Common Stock, and may be deemed to have shared power to dispose of 790,779
shares of Common Stock, representing approximately 6.8% of the outstanding
Common Stock.
Foreign has sole power to vote 408,610 shares of Common Stock (including
319,000 voting rights from the Class D Preferred Stock), representing
approximately 1.7% of the outstanding Common Stock. Foreign may be deemed to
have shared power to vote 4,124,341 shares of Common Stock (including 3,181,000
voting rights from the Class D Preferred Stock), representing approximately
17.4% of the outstanding Common Stock. Foreign has sole power to dispose of
89,610 shares of Common Stock, representing approximately 0.8% of the
outstanding Common Stock, and may be deemed to have shared power to dispose of
943,341 shares of Common Stock, representing approximately 8.1% of the
outstanding Common Stock.
By virtue of being the sole shareholder of MJDM Corp., Michael J. Marocco
may be deemed to have shared power to vote 4,532,951 shares of Common Stock,
representing approximately 19.2% of the outstanding Common Stock (including
3,500,000 voting rights from the Class D Preferred Stock), and may be deemed to
have shared power to dispose of 1,032,951 shares of Common Stock, representing
approximately 8.9% 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 4,532,951 shares of
Common Stock, representing approximately 19.2% of the outstanding Common Stock
(including 3,500,000 voting rights from the Class D Preferred Stock), and may be
deemed to have shared power to dispose of 1,032,951 shares of Common Stock,
representing approximately 8.9% 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 4,532,951 shares of Common Stock,
representing approximately 19.2% of the outstanding Common Stock (including
3,500,000 voting rights from the Class D Preferred Stock), and may be deemed to
have shared power to dispose of 1,032,951 shares of Common Stock, representing
approximately 8.9% of the outstanding Common Stock.
By virtue of being the sole shareholder of ALCR Corp., Andrew Sandler may
be deemed to have shared power to vote 4,532,951 shares of Common Stock,
representing approximately 19.2% of the outstanding Common Stock (including
3,500,000 voting rights from the Class D Preferred Stock), and may be deemed to
have shared power to dispose of 1,032,951 shares of Common Stock, representing
approximately 8.9% of the outstanding Common Stock.
Barry Fingerhut has sole power to vote and dispose of 1,000 shares of
Common Stock, representing approximately 0.01% and 0.01%, respectively of the
outstanding Common 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 10,236,684 shares of Common Stock (including
8,500,000 voting rights from the Class D Preferred Stock), representing
approximately 43.3% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of
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<PAGE>
1,736,684 shares of Common Stock, representing approximately 15.0% of the
outstanding Common Stock.
Irwin Lieber has sole power to vote and dispose of 23,000 shares of Common
Stock (including 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 10,236,684 shares of Common Stock (including 8,500,000 voting rights from
the Class D Preferred Stock), representing approximately 43.3% of the
outstanding Common Stock, and may be deemed to have shared power to dispose of
1,736,684 shares of Common Stock, representing approximately 15.0% of the
outstanding Common Stock.
Applewood has sole power to vote 5,703,733 shares of Common Stock
(including 5,000,000 voting rights from the Class D Preferred Stock),
representing approximately 24.1% of the outstanding Common Stock, and has sole
power to dispose of 703,733 shares of Common Stock, representing approximately
6.1% of the outstanding Common Stock.
AC Corp. may be deemed to have shared power to vote 5,703,733 shares of
Common Stock (including 5,000,000 voting rights from the Class D Preferred
Stock), representing approximately 24.1% of the outstanding Common Stock, and
may be deemed to have shared power to dispose of 703,733 shares of Common Stock,
representing approximately 6.1% of the outstanding Common Stock.
By virtue of being a general partner of Applewood and an officer of AC
Corp., Seth Lieber may be deemed to have shared power to vote 5,703,733 shares
of Common Stock (including 5,000,000 voting rights from the Class D Preferred
Stock), representing approximately 24.1% of the outstanding Common Stock, and
may be deemed to have shared power to dispose of 703,733 shares of Common Stock,
representing approximately 6.1% of the outstanding Common Stock.
By virtue of being a general partner of Applewood and an officer of AC
Corp., Jonathan Lieber may be deemed to have shared power to vote 5,703,733
shares of Common Stock (including 5,000,000 voting rights from the Class D
Preferred Stock), representing approximately 24.1% of the outstanding Common
Stock, and may be deemed to have shared power to dispose of 703,733 shares of
Common Stock, representing approximately 6.1% of the outstanding Common Stock.
Woodland Partners has sole power to vote 485,714 shares of Common Stock,
representing approximately 2.1% of the outstanding Common Stock (including
450,000 voting rights from the Class D Preferred Stock), and may be deemed to
have shared power to vote 1,435,288 shares of Common Stock (including 500,000
voting rights from the Class D Preferred Stock, 125,000 shares issuable upon the
exercise of the Non-Qualified Option and 50,000 shares issuable upon the
exercise of the Option), representing approximately 6.0% of the outstanding
Common Stock. Woodland Partners has sole power to dispose of 35,714 shares of
Common Stock, representing approximately 0.3% of the outstanding Common Stock,
and may be deemed to have shared power to dispose of
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<PAGE>
935,288 shares of Common Stock (including 125,000 shares issuable upon the
exercise of the Non-Qualified Option and 50,000 shares issuable upon the
exercise of the Option), representing approximately 8.0% of the outstanding
Common Stock.
By virtue of being a general partner of Woodland Partners, a Trustee of
the Foundation, an officer of Woodland Services Corp. and the wife of Barry
Rubenstein, Marilyn Rubenstein may be deemed to have shared power to vote
1,921,002 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 950,000 voting rights from the Class D Preferred Stock),
representing approximately 8.1% of the outstanding Common Stock, and may be
deemed to have shared power to dispose of 971,002 shares of Common Stock
(including 125,000 shares issuable upon the exercise of the Non-Qualified Option
and 50,000 shares issuable upon the exercise of the Option), representing
approximately 8.3% of the outstanding Common Stock.
The Foundation has sole power to vote 104,237 shares of Common Stock,
representing approximately 0.4% of the outstanding Common Stock, and may be
deemed to have shared power to vote 1,816,765 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 950,000 voting rights from
the Class D Preferred Stock), representing approximately 7.6% of the outstanding
Common Stock. The Foundation has sole power to dispose of 104,237 shares of
Common Stock, representing approximately 0.9% of the outstanding Common Stock,
and may be deemed to have shared power to dispose of 866,765 shares of Common
Stock (including 125,000 shares issuable upon the exercise of the Non-Qualified
Option and 50,000 shares issuable upon the exercise of the Option), representing
approximately 7.4% 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, representing
approximately 0.4% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 104,237 shares of Common Stock, representing
approximately 0.9% 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, representing
approximately 0.4% of the outstanding Common Stock, and may be deemed to have
shared power to dispose of 104,237 shares of Common Stock, representing
approximately 0.9% of the outstanding Common Stock.
(c) The following is a description of all transactions in the
securities of the Issuer by the persons identified in Item 2 of this
Schedule 13D effected from November 7, 1998 through December 9, 1998,
inclusive.
Pursuant to the Class C Exchange Offer, effective November 25, 1998,
Applewood, Seneca, Woodland Partners, the Fund, 21st Century, T-E and
Foreign exchanged 2,000, 160, 160, 240, 1,356, 461.6 and 182.4 shares of
the Class C Preferred Stock for 2,000, 160, 160, 240, 1,356, 461.6 and
182.4 shares of the Class D Preferred Stock, respectively.
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<PAGE>
Pursuant to the Class B Exchange Offer, effective December 9, 1998,
Applewood and Woodland Partners exchanged 1,500 and 250 shares of the
Class B Preferred Stock for 1,200 and 200 shares of the Class D Preferred
Stock, respectively.
(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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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: December 18, 1998 SENECA VENTURES
Barry Rubenstein
--------------------------
Barry Rubenstein,
A General Partner
WOODLAND VENTURE FUND
Barry Rubenstein
--------------------------
Barry Rubenstein,
A General Partner
WOODLAND SERVICES CORP.
Barry Rubenstein
--------------------------
Barry Rubenstein,
President
WOODLAND PARTNERS
Barry Rubenstein
--------------------------
Barry Rubenstein,
A General Partner
APPLEWOOD ASSOCIATES, L.P.
Irwin Lieber
--------------------------
Irwin Lieber,
A General Partner
APPLEWOOD CAPITAL CORP.
Barry Rubenstein
--------------------------
Barry Rubenstein,
President
Barry Rubenstein
--------------------------
Barry Rubenstein
Barry Fingerhut
--------------------------
Barry Fingerhut
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Irwin Lieber
--------------------------
Irwin Lieber
Jonathan Lieber
--------------------------
Jonathan Lieber
Seth Lieber
--------------------------
Seth Lieber
Marilyn Rubenstein
--------------------------
Marilyn Rubenstein
THE MARILYN AND BARRY
RUBENSTEIN FAMILY
FOUNDATION
By: Barry Rubenstein
--------------------------
Barry Rubenstein, a Trustee
*
--------------------------
Brian Rubenstein
*
--------------------------
Rebecca Rubenstein
* By: Barry Rubenstein
------------------------
Barry Rubenstein
Attorney-in-Fact
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21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: Edward Grinacoff
Name: Edward Grinacoff
Title:Secretary and Treasurer
21ST CENTURY COMMUNICATIONS T-E PARTNERS,
L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: Edward Grinacoff
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS FOREIGN
PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: Edward Grinacoff
Name: Edward Grinacoff
Title: Secretary and Treasurer
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Michael J. Marocco
--------------------------
Michael J. Marocco
John Kornreich
--------------------------
John Kornreich
Harvey Sandler
--------------------------
Harvey Sandler
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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