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. 13)(1)
CORNERSTONE INTERNET SOLUTIONS CO.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
293636106
(CUSIP Number)
Copy to:
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)
February 11, 2000
(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 ss.ss. 240.13d - 1(e), 240.13d- 1(f) or 240.13d-1(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 240.13d-7 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 ("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).
<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) [_]
(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
Number of Shares 175,000 shares 0.7%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 1,050,000 shares 4.2%
Person With _________________________________________________________________
9 Sole Dispositive Power
175,000 shares 0.7%
_________________________________________________________________
10 Shared Dispositive Power
1,050,000 shares 4.2%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,225,000 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) 4.9%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 175,000 shares 0.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
175,000 shares 0.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
175,0000 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) 0.7%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 175,000 shares 0.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
175,000 shares 0.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
175,000 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) 0.7%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 175,000 shares 0.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
175,000 shares 0.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
175,000 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) 0.7%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 40
<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) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 40
<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) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 40
<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) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 40
<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) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 1,050,000 shares 4.2%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
1,050,000 shares 4.2%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,050,000 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) 4.2%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 1,050,000 shares 4.2%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
1,050,000 shares 4.2%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,050,000 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) 4.2%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 175,000 shares 0.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
175,000 shares 0.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
175,000 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) 0.7%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 40
<PAGE>
CUSIP NO. 293636106 13D
________________________________________________________________________________
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Wheatley Partners II, 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 New York
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 1,050,000 shares 4.2%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
1,050,000 shares 4.2%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,050,000 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) 4.2%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 40
<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) [_]
(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
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 1,050,000 shares 4.2%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
1,050,000 shares 4.2%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,050,000 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) 4.2%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 40
<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) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 1,050,000 shares 4.2%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
1,050,000 shares 4.2%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,050,000 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) 4.2%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 40
<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) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 1,050,000 shares 4.2%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
1,050,000 shares 4.2%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
1,050,000 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) 4.2%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 40
<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) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 175,000 shares 0.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
175,000 shares 0.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
175,000 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) 0.7%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 20 of 40
<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) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 175,000 shares 0.7%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
175,000 shares 0.7%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
175,000 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) 0.7%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 21 of 40
<PAGE>
================================================================================
CUSIP NO. 293636106 13D
================================================================================
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Douglas Schimmel
________________________________________________________________________________
2 Check the Appropriate Box If a Member of a Group (a) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 22 of 40
<PAGE>
================================================================================
CUSIP NO. 293636106 13D
================================================================================
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Hannah Stone
________________________________________________________________________________
2 Check the Appropriate Box If a Member of a Group (a) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 23 of 40
<PAGE>
================================================================================
CUSIP NO. 293636106 13D
================================================================================
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
David Lee
________________________________________________________________________________
2 Check the Appropriate Box If a Member of a Group (a) [_]
(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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 24 of 40
<PAGE>
================================================================================
CUSIP NO. 293636106 13D
================================================================================
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Edward Grinacoff
________________________________________________________________________________
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 United States
________________________________________________________________________________
7 Sole Voting Power
Number of Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box If the Aggregate Amount in Row (11) excludes
Certain Shares [_]
(See Instructions)
________________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11) 0%
________________________________________________________________________________
14 Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 25 of 40
<PAGE>
This statement, dated February 11, 2000, constitutes Amendment No. 13 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. 13 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 2. Identity and Background
(a) Edward Grinacoff, is the sole shareholder of MEDG Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments
(d) No.
(e) No.
(f) Citizenship: United States.
MEDG Corp became a general partner of SCM effective on January 1, 2000,
which is the general partner of SIP, a general partner of 21st Century, T-E and
Foreign.
ITEM 4. Purpose of Transaction.
Other than the reporting persons' purchase or sale of additional securities
of the Issuer, no reporting person has any present plan or proposal which would
relate to or result in any of the matters set forth in subparagraphs (a)-(j) of
Item 4 of Schedule 13D except as set forth herein.
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and percentage
(based on 24,926,749 shares of Common Stock outstanding as of December 31, 1999,
as reported by the Issuer in its Form 10-Q for the quarter ended November 30,
1999), of outstanding shares of Common Stock owned beneficially by each
reporting person named in Item 2, as of March 24, 2000.
Page 26 of 40
<PAGE>
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Common Stock Percent of Voting of Common Stock
Name Beneficially Owned Control Beneficially Owned
- ------------------------------ ------------------ ----------------- --------------------
<S> <C> <C> <C>
Barry Rubenstein 1,225,000(2)(3)(4) 4.9% 4.9%
Woodland Venture Fund 175,000(2)(4) 0.7% 0.7%
Seneca Ventures 175,000(2)(4) 0.7% 0.7%
Woodland Services Corp. 175,000(2)(4) 0.7% 0.7%
21st Century 0 0% 0%
Communications
Partners, L.P.
21st Century 0 0% 0%
Communications T-E
Partners, L.P.
21st Century 0 0% 0%
Communications
Foreign Partners, L.P.
Michael Marocco 0 0% 0%
John Kornreich 0 0% 0%
Harvey Sandler 0 0% 0%
Andrew Sandler 0 0% 0%
Barry Fingerhut 1,050,000(3)(4) 4.2% 4.2%
Irwin Lieber 1,050,000(3)(4 4.2% 4.2%
Woodland Partners 175,000(2)(4) 0.7% 0.7%
Wheatley Partners II, L.P. 1,050,000(3) 4.2% 4.2%
Applewood Capital Corp. 1,050,000(3)(4) 4.2% 4.2%
Seth Lieber 1,050,000(3)(4) 4.2% 4.2%
Jonathan Lieber 1,050,000(3)(4) 4.2% 4.2%
</TABLE>
- --------
(2) Includes 175,000 shares of Common Stock issuble upon the exercise of the
options held by Barry Rubenstein.
(3) Includes 1,050,000 shares of Common Stock owned by Wheatley Partners II,
L.P.
(4) The reporting person disclaims beneficial ownership of these securities,
except to the extent of his/her/its equity interest therein.
Page 27 of 40
<PAGE>
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Common Stock Percent of Voting of Common Stock
Name Beneficially Owned Control Beneficially Owned
- ------------------------------ ------------------ ----------------- --------------------
<S> <C> <C> <C>
Marilyn Rubenstein 175,000(2),(4) 0.7% 0.7%
The Marilyn and Barry 175,000(2),(4) 0.7% 0.7%
Rubenstein Family
Foundation
Douglas Schimmel 0 0% 0%
Hannah Stone 0 0% 0%
David Lee 0 0% 0%
Edward Grinacoff 0 0% 0%
</TABLE>
(b) Barry Rubenstein has sole power to vote and to dispose of 175,000
shares of Common Stock (consisting of 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 0.7% of the outstanding Common Stock. By
virtue of being a general partner of Wheatley Partners II, L.P., Barry
Rubenstein may be deemed to have shared power to vote and to depose of 1,050,000
shares of Common Stock, representing approximately 4.2% of the outstanding
Common Stock.
The Fund may be deemed to have shared power to vote and to dispose of
175,000 shares of Common Stock (consisting of 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 0.7% of the outstanding
Common Stock.
Seneca may be deemed to have shared power to vote and to dispose of 175,000
shares of Common Stock (consisting of 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 0.7% of the outstanding Common Stock.
Woodland Services Corp. may be deemed to have shared power to vote and to
dispose of 175,000 shares of Common Stock (consisting of 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 0.7% of the outstanding
Common Stock.
By virtue of being a general partner of Wheatley Partners II, L.P., Barry
Fingerhut may be deemed to have shared power to vote and to dispose of 1,050,000
shares of Common Stock, representing approximately 4.2% of the outstanding
Common Stock.
Page 28 of 40
<PAGE>
By virtue of being a general partner of Wheatley Partners II, L.P., Irwin
Lieber may be deemed to have shared power to vote and to dispose of 1,050,000
shares of Common Stock, representing approximately 4.2% of the outstanding
Common Stock.
Wheatley Partners II, L.P. has sole power to vote and to dispose of
1,050,000 shares of Common Stock, representing approximately 4.2% of the
outstanding Common Stock.
By virtue of being a general partner of Wheatley Partners II, L.P., AC
Corp. may be deemed to have shared power to vote and to dispose of 1,050,000
shares of Common Stock, representing approximately 4.2% of the outstanding
Common Stock.
By virtue of being a general partner of Wheatley Partners II, L.P. and an
officer of AC Corp., Seth Lieber may be deemed to have shared power to vote and
to dispose of 1,050,000 shares of Common Stock, representing approximately 4.2%
of the outstanding Common Stock.
By virtue of being a general partner of Wheatley Partners II, L.P. and an
officer of AC Corp., Jonathan Lieber may be deemed to have shared power to vote
and to dispose of 1,050,000 shares of Common Stock, representing approximately
4.2% of the outstanding Common Stock.
Woodland Partners may be deemed to have shared power to vote and to dispose
of 175,000 shares of Common Stock (consisting of 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 0.7% of the outstanding
Common Stock.
By virtue of being the wife of Barry Rubenstein, Marilyn Rubenstein may be
deemed to have shared power to vote and to dispose of 175,000 shares of Common
Stock (consisting of 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 0.7% of the outstanding Common Stock.
The Foundation may be deemed to have shared power to vote and to dispose of
175,000 shares of Common Stock (consisting of 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 0.7% 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 January 7, 2000 through March 24, 2000, inclusive:
Date Purchased Number of Shares Price Per
Name of Shareholder (Sold) Purchased or (Sold) Share
- ------------------- -------------- ------------------- ---------
Barry Rubenstein 3/3/00 (37,500) $ 6.0625
Barry Rubenstein 3/8/00 (50,500) $ 5.9375
Rollover IRA
Page 29 of 40
<PAGE>
<TABLE>
<CAPTION>
Date Purchased Number of Shares Price Per
Name of Shareholder (Sold) Purchased or (Sold) Share
- ------------------------------ -------------- ------------------ ---------
<S> <C> <C> <C>
Woodland Venture Fund 3/3/00 (150,000) $ 6.0625
Seneca Ventures 3/3/00 (50,000) $ 6.0625
Irwin Lieber 1/11/00 (6,000) $ 7.5625
Barry Fingerhut 3/20/00 (1,000) $ 6.00
21st Century Communications
Partners, L.P. 2/11/00 (442,438) $ 6.50
2/11/00 (25,696) $ 6.875
2/11/00 (42,107) $ 6.875
2/11/00 (81,363) $ 6.8125
2/16/00 (216,969) $ 6.125
2/18/00 (237,310) $ 6.09375
2/22/00 (77,973) $ 6.03125
2/28/00 (67,803) $ 6.1875
3/3/00 (203,409) $ 6.03125
3/8/00 (67,803) $ 5.875
3/9/00 (67,803) $ 5.8125
3/17/00 (322,064) $ 6.125
3/20/00 (135,606) $ 5.875
3/22/00 (173,890) $ 5.375
21st Century Communications
T-E Partners, L.P. 2/11/00 (149,949) $ 6.50
2/11/00 (13,155) $ 6.875
2/11/00 (9,914) $ 6.875
2/11/00 (27,683) $ 6.8125
2/16/00 (73,821) $ 6.125
2/18/00 (80,742) $ 6.09375
2/22/00 (26,530) $ 6.03125
2/2800 (23,069) $ 6.1875
3/3/00 (69,207) $ 6.03125
3/8/00 (23,069) $ 5.875
3/9/00 (23,069) $ 5.8125
</TABLE>
Page 30 of 40
<PAGE>
<TABLE>
<CAPTION>
Date Purchased Number of Shares Price Per
Name of Shareholder (Sold) Purchased or (Sold) Share
- ------------------------------ -------------- ------------------ ---------
<S> <C> <C> <C>
3/17/00 (109,578) $ 6.125
21st Century Communications
T-E Partners, L.P. 3/20/00 (46,138) $ 5.875
3/22/00 (64,180) $ 5.375
21st Century Communications
Foreign Partners, L.P. 2/11/00 (57,613) $ 6.50
2/11/00 (9,128) $ 6.875
2/11/00 (10,954) $ 6.8125
2/16/00 (29,210) $ 6.125
2/18/00 (31,948) $ 6.09375
2/22/00 (10,497) $ 6.03125
2/28/00 (9,128) $ 6.1875
3/3/00 (27,384) $ 6.03125
3/8/00 (9,128) $ 5.875
3/9/00 (9,128) $ 5.8125
3/17/00 (43,358) $ 6.125
3/20/00 (18,256) $ 5.875
3/22/00 (19,881) $ 5.375
Wheatley Partners II, L.P. 1/13/00 (33,000) $ 7.00
2/24/00 (55,000) $ 6.8125
2/24/00 (250,000) $ 6.875
2/24/00 (85,000) $ 7.00
2/29/00 (265,000) $ 6.00
3/8/00 (200,000) $ 5.875
3/9/00 (150,000) $ 5.8125
3/17/00 (350,000) $ 6.125
3/20/00 (25,000) $ 5.875
3/24/00 (125,000) $ 5.8125
</TABLE>
All sales of shares of Common Stock were effected in open market
transactions in the over-the-counter market.
Page 31 of 40
<PAGE>
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of such securities.
(e) Effective March 24, 2000, the reporting persons ceased to be the
beneficial owners of more than five percent (5%) of the Common Stock of the
Issuer.
ITEM 7. Material to be Filed as Exhibits.
Exhibit 7.01 Agreement effective as of February 11, 2000 among the
reporting persons by which they have agreed to file this Schedule 13D and all
necessary amendments, as required by Rule 13d-1.
Page 32 of 40
<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: April 6, 2000 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
WHEATLEY PARTNERS II, L.P.
/s/Irwin Lieber
-----------------------------------
Irwin Lieber,
A General Partner
APPLEWOOD CAPITAL CORP.
/s/Irwin Lieber
-----------------------------------
Irwin Lieber,
Secretary and Treasurer
/s/Barry Rubenstein
-----------------------------------
Barry Rubenstein
/s/Barry Fingerhut
-----------------------------------
Barry Fingerhut
Page 33 of 40
<PAGE>
/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
Page 34 of 40
<PAGE>
21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., a general partner
By:/s/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., a general partner
By:/s/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., a general partner
By:/s/Edward Grinacoff
-------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
Page 35 of 40
<PAGE>
/s/Michael J. Marocco
------------------------------
Michael J. Marocco
/s/John Kornreich
------------------------------
John Kornreich
/s/Harvey Sandler
------------------------------
Harvey Sandler
/s/Andrew Sandler
------------------------------
Andrew Sandler
/s/Douglas Schimmel
------------------------------
Douglas Schimmel
/s/Hannah Stone
------------------------------
Hannah Stone
/s/David Lee
------------------------------
David Lee
/s/ Edward Grinacoff
------------------------------
Edward Grinacoff
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 36 of 40
Exhibit 7.01
JOINT FILING AGREEMENT
In accordance with Rule 13d-1 under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree to the joint filing on behalf of each of
them of a statement on Schedule 13D (including amendments thereto) with respect
to the Common Stock, par value $0.01 per share, of CORNERSTONE INTERNET
SOLUTIONS CO. and that this Agreement be filed as an Exhibit to such statement
on Schedule 13D.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective
as of the 11th day of February, 2000.
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
WHEATLEY PARTNERS II, L.P.
/s/Irwin Lieber
----------------------------
Irwin Lieber,
A General Partner
Page 37 of 40
<PAGE>
APPLEWOOD CAPITAL CORP.
/s/Irwin Lieber
----------------------------
Irwin Lieber,
Secretary and Treasurer
/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
Page 38 of 40
<PAGE>
21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., a general partner
By:/s/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., a general partner
By:/s/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., a general partner
By:/s/Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
Page 39 of 40
<PAGE>
/s/Michael J. Marocco
--------------------------------
Michael J. Marocco
/s/John Kornreich
--------------------------------
John Kornreich
/s/Harvey Sandler
--------------------------------
Harvey Sandler
/s/Andrew Sandler
--------------------------------
Andrew Sandler
/s/Douglas Schimmel
--------------------------------
Douglas Schimmel
/s/Hannah Stone
--------------------------------
Hannah Stone
/s/David Lee
--------------------------------
David Lee
/s/ Edward Grinacoff
--------------------------------
Edward Grinacoff
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 40 of 40
