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. )*
THE MILLBROOK PRESS INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
600179105
--------------
(CUSIP Number)
Copy to:
21st Century Communications Stephen A. Cohen, Esq.
Partners, L.P. Morrison Cohen Singer & Weinstein, LLP
767 Fifth Avenue, 45th Floor 750 Lexington Avenue
New York, New York 10153 New York, New York 10022
Telephone (212) 754-8100 Telephone (212) 735-8600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
December 18, 1996
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following space ___.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 21
<PAGE>
CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
21st Century Communications Partners, L.P.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
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3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC, OO
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5 Check Box if Disclosure of Legal Proceedings is Required |_|
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6 Citizenship or Place of Organization Delaware
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7 Sole Voting Power
Number of 639,840 shares 18.5%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 303,838 shares 8.8%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 639,840 shares 18.5%
With --------------------------------------------------------------
10 Shared Dispositive Power
303,838 shares 8.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
943,678 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
27.3%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 21
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CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
21st Century Communications T-E Partners, L.P.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
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3 SEC Use Only
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4 Source of Funds* WC, OO
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5 Check Box if Disclosure of Legal Proceedings is Required |_|
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6 Citizenship or Place of Organization Delaware
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7 Sole Voting Power
Number of 217,696 shares 6.3%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 725,982 shares 21.0%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 217,696 shares 6.3%
With --------------------------------------------------------------
10 Shared Dispositive Power
725,982 shares 21.0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
943,678 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
27.3%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 21
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CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
21st Century Communications Foreign Partners, L.P.
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2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
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3 SEC Use Only
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4 Source of Funds* WC, OO
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5 Check Box if Disclosure of Legal Proceedings is Required |_|
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6 Citizenship or Place of Organization Delaware
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7 Sole Voting Power
Number of 86,142 shares 2.5%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 857,536 shares 24.8%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 86,142 shares 2.5%
With --------------------------------------------------------------
10 Shared Dispositive Power
857,536 shares 24.8%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
943,678 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
27.3%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 21
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CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Harvey Sandler
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
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3 SEC Use Only
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4 Source of Funds* PF, WC, OO
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5 Check Box if Disclosure of Legal Proceedings is Required |_|
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6 Citizenship or Place of Organization United States
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7 Sole Voting Power
Number of 27,583 shares .8%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 943,678 shares 27.3%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 27,583 shares .8%
With --------------------------------------------------------------
10 Shared Dispositive Power
943,678 shares 27.3%
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11 Aggregate Amount Beneficially Owned By Each Reporting Person
971,261 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
28.1%
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14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 21
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CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Barry Lewis
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2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* PF, WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
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6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 17,239 shares 0.5%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 943,678 shares 27.3%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 17,239 shares 0.5%
With --------------------------------------------------------------
10 Shared Dispositive Power
943,678 shares 27.3%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
960,917 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
27.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 21
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CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Michael J. Marocco
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2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
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3 SEC Use Only
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4 Source of Funds* PF, WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 17,239 shares 0.5%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 943,678 shares 27.3%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 17,239 shares 0.5%
With --------------------------------------------------------------
10 Shared Dispositive Power
943,678 shares 27.3%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
960,917 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
27.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 21
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CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
John Kornreich
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
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4 Source of Funds* PF, WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 17,239 shares 0.5%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 943,678 shares 27.3%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 17,239 shares 0.5%
With --------------------------------------------------------------
10 Shared Dispositive Power
943,678 shares 27.3%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
960,917 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
27.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 21
<PAGE>
CUSIP
No. 600179105 13D
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Andrew Sandler
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
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4 Source of Funds* PF, WC, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
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6 Citizenship or Place of Organization United States
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7 Sole Voting Power
Number of 4,310 shares 0.1%
Shares --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 943,678 shares 27.3%
Each --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 4,310 shares 0.1%
With --------------------------------------------------------------
10 Shared Dispositive Power
943,678 shares 27.3%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
947,988 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
27.4%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 21
<PAGE>
This statement, dated December 18, 1996, relates to the reporting persons
ownership of certain securities of The Millbrook Press Inc. (the "Issuer"). On
December 18, 1996, the Issuer offered 1,700,000 shares of its common stock to
the public in an initial public offering (the "IPO").
ITEM 1. Security and Issuer
(a) Common Stock, $0.01 par value per share (CUSIP No. 600179105).
(b) Bridge Financing Warrant ("Bridge Warrant"), expiring on
August 29, 2001, entitling the holder thereof to purchase one
share of Common Stock at $3.00 per share, exercisable as of
August 29, 1997.
(c) The Millbrook Press Inc. 2 Old New Milford Road Brookfield, CT
06804
ITEM 2. Identity and Background
1. 21st Century Communications Partners, L.P., a limited partnership
organized under the laws of the State of Delaware ("21st Century").
(a) Address:
767 Fifth Avenue, 45th Floor
New York, New York 10153
(b) Principal Occupation: Investments.
(c) No.
(d) No.
Sandler Investment Partners, L.P. ("S.I.P.") and InfoMedia Associates,
Ltd. ("InfoMedia") are the general partners of 21st Century. The limited
partners of 21st Century include certain other investors. The officers,
directors and shareholders of InfoMedia are filing a Schedule 13D under separate
cover.
2. 21st Century Communications T-E Partners, L.P., a limited partnership
organized under the laws of the State of Delaware ("T-E").
(a) Address:
767 Fifth Avenue, 45th Floor
New York, New York 10153
(b) Principal Occupation: Investments.
(c) No.
Page 10 of 21
<PAGE>
(d) No.
SIP and InfoMedia are the general partners of T-E. The limited partners of
T-E include certain other investors.
3. 21st Century Communications Foreign Partners, L.P., a limited
partnership organized under the laws of the State of Delaware ("Foreign").
(a) Address:
c/o Fiduciary Trust (Cayman) Limited
P.O. Box 1062
Grand Cayman, B.W.I.
(b) Principal Occupation: Investments.
(c) No.
(d) No.
SIP, 21st Century Management and InfoMedia are the general partners of
Foreign. The limited partners of Foreign include certain other investors.
4. Harvey Sandler, a sole shareholder of ARH Corp. ("ARH").
(a) Address:
767 Fifth Avenue, 45th Floor
New York, New York 10153
(b) Principal Occupation: General Partner of partnerships and
limited partnerships engaged in the investment business.
(c) No.
(d) No.
(e) Citizenship: United States.
ARH Corp. is a general partner of Sandler Capital Management ("SCM"),
which is the general partner of SIP, a general partner of 21st Century, T-E and
Foreign.
5. Barry Lewis, director and majority shareholder of EMEBE Corp.
("EMEBE").
(a) Address:
767 Fifth Avenue, 45th Floor
New York, New York 10153
(b) Principal Occupation: General Partner of partnerships and
limited partnerships engaged in the investment business.
Page 11 of 21
<PAGE>
(c) No.
(d) No.
(e) Citizenship: United States.
EMEBE is a general partner of SCM, which is the general partner of SIP, a
general partner of 21st Century, T-E and Foreign.
6. Michael J. Marocco, is a director of the Issuer and a director, officer
and sole shareholder of MJM Media Corp.
(a) Address:
767 Fifth Avenue, 45th Floor
New York, New York 10153
(b) Principal Business: General Partner of partnerships and
limited partnerships engaged in the investment business.
(c) No.
(d) No.
(e) Citizenship: United States.
MJM Media is a general partner of Sandler Capital Management ("SCM"),
which is the general partner of SIP, a general partner of 21st Century, T-E and
Foreign.
7. John Kornreich, director and majority shareholder of Four JK Corp. and
a director, officer and sole shareholder of Kornreich Media Corp.
(a) Address:
767 Fifth Avenue, 45th Floor
New York, New York 10153
(b) Principal Business: General Partner of partnerships and
limited partnerships engaged in the investment business.
(c) No.
(d) No.
(e) Citizenship: United States.
Four JK Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
Page 12 of 21
<PAGE>
8. Andrew Sandler, a manager and majority member of ALSI, LLC and a
director of ARPH.
(a) Address:
767 Fifth Avenue, 45th Floor
New York, New York 10153
(b) Principal Occupation: General Partner of partnerships and
limited partnerships engaged in the investment business.
(c) No.
(d) No.
(e) Citizenship: United States.
ALSI, LLC is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
ITEM 3. Source and Amounts of Funds or Other Consideration
The individual reporting persons obtained funds for the purchase of the
shares of Common Stock from personal funds, working capital and other funds. The
partnerships obtained funds for the purchase of the shares of Common Stock from
their respective working capital and other funds.
On December 17, 1996, each of the reporting persons received shares of
Common Stock as a result of the conversion of all of the Issuer's outstanding
Series A Redeemable Voting Preferred Stock, (the "Preferred Stock") and all
accrued and unpaid dividends thereon into 473,692 shares of Common Stock. In
August 1996, the Company effected a reverse stock split of its Common Stock on
the basis of .3976 shares of Common Stock for each outstanding share of Common
Stock.
In April, 1996, in connection with a prebridge financing, 21st Century,
T-E and Foreign loaned $170,000, $57,000 and $23,000 (the "Prebridge Notes"),
respectively to the Issuer. In August, 1996, 21st Century, T-E and Foreign
converted their Prebridge Notes into bridge units and received $170,000
principal amount of Bridge Notes and 85,000 Bridge Warrants, $57,000 principal
amount of Bridge Notes and 28,500 Bridge Warrants, and $23,000 principal amount
of Bridge Notes and 11,500 Bridge Warrants, respectively. The Bridge Notes bear
interest at the rate of 10% per annum and will be paid at the consummation of
the IPO.
The amount of funds used in acquiring the shares of Common Stock are set
forth below (excluding accrued and unpaid dividends on the Preferred Stock):
Name Amount of Consideration
---- -----------------------
Page 13 of 21
<PAGE>
21st Century $ 3,559,655
T-E $ 1,211,128
Foreign $ 479,223
Harvey Sandler $ 160,000
Michael J. Marocco $ 100,000
Barry Lewis $ 100,000
John Kornreich $ 100,000
Andrew Sandler $ 25,000
On December 18, 1996, 21st Century acquired 40,680 shares of Common Stock
for an aggregate purchase price of $205,943, T-E acquired 13,840 shares of
Common Stock for an aggregate purchase price of $70,065 and Foreign acquired
5,480 shares of Common Stock for an aggregate purchase price of $27,743. All of
the foregoing acquisitions were made on the open market.
ITEM 4. Purpose of Transaction.
The reporting persons acquired their securities for purposes of
investment. The reporting persons do not have any plans or proposals which
relate to or would result in any of the actions set forth in subparagraphs (a)
through (j) of Item 4 of Schedule 13D.
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and percentage
(based on 3,455,000 shares of Common Stock outstanding as reported in the
Issuer's Prospectus dated December 17, 1996, including the exercise of the
underwriter's overallotment option) of outstanding shares of Common Stock owned
beneficially by each reporting person named in Item 2, as of December 18, 1996:
Page 14 of 21
<PAGE>
Shares of Percentage of Shares
Common Stock of Common Stock
Name Beneficially Owned(1) Beneficially Owned(1)
- ---- ------------------ ---------------------
21st Century Communications
Partners, L.P. 943,678(2) 27.3%
21st Century Communications
T-E Partners, L.P. 943,678(3) 27.3%
21st Century Communications
Foreign Partners, L.P. 943,678(4) 27.3%
Harvey Sandler 971,261(5) 28.1%
Barry Lewis 960,917(5) 27.8%
Michael J. Marocco 960,917(5) 27.8%
John Kornreich 960,917(5) 27.8%
Andrew Sandler 947,988(5) 27.4%
(b) Harvey Sandler has sole power to vote and dispose of 27,583 shares of
Common Stock and, by virtue of being the sole shareholder of ARH, may be deemed
to have shared power to vote and to dispose of 943,678 shares of Common Stock,
representing approximately 27.3% of the outstanding Common Stock.
Barry Lewis has sole power to vote and dispose of 17,239 shares of Common
Stock and, by virtue of being an officer of EMEBE, may be deemed to have shared
power to vote and to dispose of 943,678 shares of Common Stock, representing
approximately 27.3% of the outstanding Common Stock.
Michael J. Marocco has sole power to vote and dispose of 17,239 shares of
Common Stock and, by virtue of being the sole shareholder, officer and director
of MJM Media Corp., may be deemed to have shared power to vote and to dispose of
943,678 shares of Common Stock, representing approximately 27.3% of the
outstanding Common Stock.
John Kornreich has sole power to vote and dispose of 17,239 shares of
Common Stock and, by virtue of being the majority shareholder and director of
Four JK Corp., may be deemed to have shared power to vote and to dispose of
943,678 shares of Common Stock, representing approximately 27.3% of the
outstanding Common Stock.
- ----------
(1) Does not include shares of Common Stock issuable upon exercise of the
Bridge Warrants as the Bridge Warrants are not exercisable within 60 days
of this Schedule 13D.
(2) Includes 639,840 shares of Common Stock owned by 21st Century. 21st
Century disclaims beneficial ownership of 86,142 shares of Common Stock
owned by Foreign and 217,696 shares of Common Stock owned by T-E.
(3) Includes 217,696 shares of Common Stock owned by T-E. T-E disclaims
beneficial ownership of 86,142 shares of Common Stock owned by Foreign and
639,840 shares of Common Stock owned by 21st Century.
(4) Includes 86,142 shares of Common Stock owned by Foreign. Foreign disclaims
beneficial ownership of 639,840 shares of Common Stock owned by 21st
Century and 217,696 shares of Common Stock owned by T-E.
(5) The reporting person disclaims beneficial ownership of these securities,
except to the extent of his equity interest therein.
Page 15 of 21
<PAGE>
Andrew Sandler has sole power to vote and dispose of 4,310 shares of
Common Stock and, by virtue of being a manager and majority member of ALSI, LLC,
may be deemed to have shared power to vote and to dispose of 943,678 shares of
Common Stock, representing approximately 27.3% of the outstanding Common Stock.
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 October 18, 1996 to December 18, 1996, inclusive:
Purchase Number of Purchase
or Shares or
Name of Shareholder Sale Date Purchased Sale Price
- ------------------- --------- --------- ----------
21st Century Communications
Partners, L.P. 12/18/96 40,680 $ 5.0625
21st Century Communications T-E
Partners, L.P. 12/18/96 13,840 $ 5.0625
21st Century Communications Foreign
Partners, L.P. 12/18/96 5,480 $ 5.0625
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of such securities.
(e) Not applicable.
ITEM 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities
of the Issuer
(a) 21st Century is a limited partnership established and governed by
Delaware law and a partnership agreement. Pursuant to such agreement, voting and
investment power over the shares of Common Stock held by 21st Century is vested
in its general partners - SIP and InfoMedia. The limited partners have no voting
or investment power over the shares of Common Stock held by 21st Century.
(b) T-E is a limited partnership established and governed by Delaware law
and a partnership agreement. Pursuant to such agreement, voting and investment
power over the shares of Common Stock held by 21st Century is vested in its
general partners - SIP and InfoMedia. The limited partners have no voting or
investment power over the shares of Common Stock held by T-E.
Page 16 of 21
<PAGE>
(c) Foreign is a limited partnership established and governed by Delaware
law and a partnership agreement. Pursuant to such agreement, voting and
investment power over the shares of Common Stock held by Foreign is vested in
its general partners - SIP and InfoMedia. The limited partners have no voting or
investment power over the shares of Common Stock held by Foreign.
(d) The reporting persons entered into a lock-up agreement with GKN
Securities ("GKN") effective as of December 17, 1996. Pursuant to this
agreement, until December 17, 1998, the reporting persons shall not sell, assign
or transfer their shares of Common Stock or Bridge Warrants, without the prior
written consent of GKN. Additionally, effective December 17, 1996 until December
17, 1999, Michael J. Marocco, and the other directors and officers of the
Issuer, granted GKN rights of first refusal to purchase their securities, or to
sell for their accounts, any securities sold by such person in the open market.
These rights of first refusal are also applicable to the securities owned by
21st Century, T-E and Foreign, by virtue of their status as affiliates of Mr.
Marocco.
(e) Except for the circumstances discussed or referred to in paragraphs
(a) through (d) above, there are no contracts, arrangements, understandings, or
relationships with respect to the securities of the Issuer among any of the
persons reporting in this Schedule 13D.
ITEM 7. Material to be Filed as Exhibits
Exhibit A - Agreement, dated December 18, 1996, among the reporting
persons by which they have agreed to file this Schedule 13D and all necessary
amendments, as required by Rule 13d-1(f).
Page 17 of 21
<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: January 10, 1997
21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: s/ Harvey Sandler
------------------------------------
Name:
Title:
21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: s/ Harvey Sandler
------------------------------------
Name:
Title:
21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: s/ Harvey Sandler
------------------------------------
Name:
Title:
Page 18 of 21
<PAGE>
/s/ Harvey Sandler
------------------------------------------
Harvey Sandler
/s/ Barry Lewis
------------------------------------------
Barry Lewis
/s/ Michael J. Marocco
------------------------------------------
Michael J. Marocco
/s/ John Kornreich
------------------------------------------
John Kornreich
/s/ Andrew Sandler
------------------------------------------
Andrew Sandler
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 19 of 21
<PAGE>
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act, as
amended, the undersigned hereby agree to the joint filing on behalf of each of
them on a statement on Schedule 13D (including amendments thereto) with respect
to the Common Stock, par value $.01 per share, and certain securities
convertible into Common Stock of THE MILLBROOK PRESS INC. and that this
Agreement be included as an Exhibit to such joint filing.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this
18th day of December, 1996.
21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: s/ Harvey Sandler
------------------------------------
Name:
Title:
21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P.
By: Sandler Investment Partners, L.P., general partner
By: Sandler Capital Management, general partner
By: ARH Corp., general partner
By: s/ Harvey Sandler
------------------------------------
Name:
Title:
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<PAGE>
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: ____________________________________
Name:
Title:
/s/ Harvey Sandler
------------------------------------------
Harvey Sandler
/s/ Barry Lewis
------------------------------------------
Barry Lewis
/s/ Michael J. Marocco
------------------------------------------
Michael J. Marocco
/s/ John Kornreich
------------------------------------------
John Kornreich
/s/ Andrew Sandler
------------------------------------------
Andrew Sandler
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 21 of 21
