SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d -1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. )(1)
GIGA INFORMATION GROUP, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
37517M109
-----------------
(CUSIP Number)
Copy to:
21st Century Communications Michael R. Reiner, 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 Person
Authorized to Receive Notices and Communications)
July 29, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-(g), check the following box
[ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following page(s))
- --------
(1) The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
- 1 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Wheatley Partners, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization Delaware
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 246,646 shares 2.5%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 17,163 shares 0.2%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 246,646 shares 2.5%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
17,163 shares 0.2%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
263,809 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
2.7%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 2 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Wheatley Foreign Partners, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization Delaware
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 17,163 shares 0.2%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 246,646 shares 2.5%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 17,163 shares 0.2%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
246,646 shares 2.5%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
263,809 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
2.7%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 3 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Wheatley Partners, LLC
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization Delaware
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 263,809 shares 2.7%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
263,809 shares 2.7%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
263,809 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
2.7%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
OO
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 4 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Wheatley Management Ltd.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization Cayman Islands, B.W.I.
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 17,163 shares 0.2%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
17,103 shares 0.2%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
17,163 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.2%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 5 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Irwin Lieber
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* PF, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 500 shares 0.1%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 835,237 shares 8.4%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 500 shares 0.1%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
835,237 shares 8.4%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
835,737 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.4%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 6 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Rubenstein
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 835,237 shares 8.4%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
835,237 shares 8.4%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
835,237 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.4%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 7 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Fingerhut
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 835,237 shares 8.4%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
835,237 shares 8.4%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
835,237 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.4%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 8 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Seth Lieber
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 263,809 shares 2.7%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
263,809 shares 2.7%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
263,809 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
2.7%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 9 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Jonathan Lieber
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 263,809 shares 2.7%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
263,809 shares 2.7%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
263,809 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
2.7%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 10 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
21st Century Communications Partners, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 387,443 shares 3.9%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 183,985 shares 1.9%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 387,443 shares 3.9%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
183,985 shares 1.9%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 11 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
21st Century Communications T-E Partners, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization Delaware
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 131,853 shares 1.3%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 439,575 shares 4.5%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 131,853 shares 1.3%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
439,575 shares 4.5%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 12 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
21st Century Communications Foreign Partners, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization Delaware
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 52,132 shares 0.5%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 519,296 shares 5.3%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 52,132 shares 0.5%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
519,296 shares 5.3%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 13 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Sandler Investment Partners, L.P.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 14 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Sandler Capital Management
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
PN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 15 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
ARH Corp.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization Delaware
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 16 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
ALCR Corp.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
OO
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 17 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
MJDM Corp.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 18 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Four JK Corp.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization Delaware
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 19 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Infomedia Associates, Ltd.
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* WC, OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 20 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Harvey Sandler
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 21 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Andrew Sandler
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 22 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Michael J. Marocco
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 23 of 44 -
<PAGE>
CUSIP
No. 37517M109 13D
<TABLE>
===========================================================================================================================
<S> <C> <C>
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
John Kornreich
- ---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds* OO
- ---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- ---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0%
Shares -----------------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 571,428 shares 5.8%
Each -----------------------------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0%
With -----------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
571,428 shares 5.8%
- ---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
571,428 shares
- ---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
5.8%
- ---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
===========================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 24 of 44 -
<PAGE>
This statement, dated July 29, 1998, relates to the reporting persons'
ownership of common stock of Giga Information Group, Inc. (the "Issuer").
ITEM 1. SECURITY AND ISSUER
(a) Common Stock, $0.001 par value per share ("Common
Stock"), (CUSIP No. 37517M109).
(b) Warrant (the "Warrant"), dated January 2, 1998,
which is immediately exercisable and entitles the
holder thereof for a period of five years (subject to
earlier expiration upon the occurrence of certain
events) to purchase one share of Common Stock at
$13.50 per share.
(c) Giga Information Group, Inc.
One Longwater Circle
Norwell, Massachusetts 02061
ITEM 2. IDENTITY AND BACKGROUND
1. (a) Wheatley Partners, L.P., a limited partnership
organized under the laws of the State of
Delaware ("Wheatley").
(b) Address: 80 Cuttermill Road, Suite 311
Great Neck, New York 11021
(c) Principal Business: Investments.
(d) No.
(e) No.
Wheatley Partners LLC is the general partner of Wheatley. The
limited partners of Wheatley include certain other investors.
2. (a) Wheatley Foreign Partners, L.P., a limited
partnership organized under the laws of the State of
Delaware ("Wheatley Foreign").
(b) Address: Third Floor
One Capitol Place
P.O. Box 1062
George Town, Grand Cayman
Cayman Islands, B.W.I.
(c) Principal Business: Investments.
(d) No.
(e) No.
3. (a) Wheatley Partners LLC, a limited liability
company organized under the laws of the State of
Delaware ("Wheatley LLC").
(b) Address: 80 Cuttermill Road, Suite 311
Great Neck, New York 11021
(c) Principal Business: Investments.
(d) No.
(e) No.
- 25 of 44 -
<PAGE>
4. (a) Wheatley Management Ltd., a Cayman Islands
corporation ("Wheatley Management").
(b) Address: Third Floor
One Capitol Place
P.O. Box 1062
George Town, Grand Cayman
Cayman Islands, B.W.I.
(c) Principal Business: Investments.
(d) No.
(e) No.
5. (a) Irwin Lieber, a director of the Issuer, a member
and officer of Wheatley Partners LLC, the general
partner of Wheatley, and a shareholder, officer and
director of Infomedia, a general partner of the 21st
Century Funds.
(b) Address: 80 Cuttermill Road, Suite 311
Great Neck, New York 11021
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
6. (a) Barry Rubenstein, a member and officer of
Wheatley Partners LLC, the general partner of
Wheatley, and a shareholder, officer and director of
Infomedia, a general partner of the 21st Century
Funds.
(b) Address: 68 Wheatley Road
Brookville, New York 11545
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
7. (a) Barry Fingerhut, a member and officer of Wheatley
Partners LLC, the general partner of Wheatley, and a
shareholder, officer and director of Infomedia, a
general partner of the 21st Century Funds.
(b) Address: 80 Cuttermill Road, Suite 311
Great Neck, New York 11021
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
8. (a) Seth Lieber, a member and an officer of Wheatley LLC.
(b) Address: 80 Cuttermill Road, Suite 311
Great Neck, New York 11021
(c) Principal Occupation: Investments.
- 26 of 44 -
<PAGE>
(d) No.
(e) No.
(f) Citizenship: United States.
9. (a) Jonathan Lieber, a member and an officer of Wheatley
LLC.
(b) Address: 80 Cuttermill Road, Suite 311
Great Neck, New York 11021
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
10. (a) 21st Century Communications Partners, L.P., a
limited partnership organized under the laws of the
State of Delaware ("21st Century").
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
SIP and Infomedia are the general partners of 21st Century.
The limited partners of 21st Century include certain other investors.
11. (a) 21st Century Communications T-E Partners, L.P., a
limited partnership organized under the laws of the
State of Delaware ("T-E").
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
SIP and Infomedia are the general partners of T-E. The limited
partners of T-E include certain other investors.
12. (a) 21st Century Communications Foreign Partners,
L.P., a limited partnership organized under the laws
of the State of Delaware ("Foreign").
(b) Address: One Capitol Plaza, 3rd Floor
Shedden Road
George Town, Grand Cayman Island
British West Indies
(c) Principal Occupation: Investments.
(d) No.
(e) No.
- 27 of 44 -
<PAGE>
13. (a) Sandler Investment Partners, L.P., a limited
partnership organized under the laws of the State of
New York ("SIP").
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
SIP, 21st Century Management and Infomedia are the general
partners of Foreign. The limited partners of Foreign include certain other
investors.
14. (a) Sandler Capital Management, a registered
investment adviser and a general partnership
organized under the laws of the State of New York
("SCM").
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
15. (a) ARH Corp., a Delaware corporation.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
16. (a) ALCR Corp., a New York corporation.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
17. (a) MJDM Corp., a New York corporation.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
18. (a) Four JK Corp., a Delaware corporation.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
- 28 of 44 -
<PAGE>
19. (a) Infomedia Associates, Ltd., a New York corporation
("Infomedia").
(b) Address: 68 Wheatley Road
Brookville, New York 11545
(c) Principal Business: Investments.
(d) No.
(e) No.
20. (a) Harvey Sandler is the sole shareholder of ARH Corp.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
ARH Corp. is a general partner of SCM, which is the general
partner of SIP, a general partner of 21st Century, T-E and Foreign (the "21st
Century Funds"). Harvey Sandler is the father of Andrew Sandler.
21. (a) Andrew Sandler is the sole shareholder of ALCR Corp.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
ALCR Corp. is a general partner of SCM, which is the general
partner of SIP, a general partner of 21st Century, T-E and Foreign. Andrew
Sandler is the son of Harvey Sandler.
22. (a) Michael J. Marocco, is the sole shareholder of MJDM
Corp.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
MJDM Corp. is a general partner of SCM, which is the general
partner of SIP, a general partner of 21st Century, T-E and Foreign.
23. (a) John Kornreich is the majority shareholder of Four
JK Corp.
(b) Address: 767 Fifth Avenue, 45th Floor
New York, New York 10153
(c) Principal Business: Investments.
(d) No.
- 29 of 44 -
<PAGE>
(e) No.
(f) 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.
ITEM 3. Source and Amount of Funds or Other Consideration.
The source of funds for the acquisition of the securities was
the general working capital and other funds of Wheatley, Wheatley Foreign, 21st
Century, T-E and Foreign.
The amount of funds used in acquiring the shares of Common
Stock and the Warrants are set forth below:
<TABLE>
<CAPTION>
Number of
Shares and Purchase
Warrants Price
----------------- -------------------
<S> <C> <C>
Wheatley Partners, L.P. 246,646 $2,341,376
Wheatley Foreign Partners, L.P. 17,163 158,622
21st Century Communications Partners, L.P. 387,443 4,068,153
21st Century Communications T-E Partners, L.P. 131,853 1,384,460
21st Century Communications Foreign Partners, L.P. 52,132 547,390
</TABLE>
In connection with the Series C Preferred Stock financing the
Issuer issued .54 Warrants for each share of Series C Preferred Stock purchased.
Therefore, Wheatley Partners, L.P. and Wheatley Foreign Partners, L.P., received
23,657 and 2,057 Warrants, respectively.
Item 4. Purpose of Transaction.
Other than Irwin Lieber's capacity as director 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. Interest in Securities of the Issuer.
(a) The following list sets forth the aggregate number and
percentage (based on 9,871,338 shares of Common Stock outstanding as of July 29,
1998 as reported in the Issuer's Prospectus, dated July 29, 1998), of
outstanding shares of Common Stock beneficially owned by each reporting person
named in Item 2 as of July 29, 1998:
- 30 of 44 -
<PAGE>
<TABLE>
<CAPTION>
Percentage of
Shares of Shares of
Common Stock Common Stock
Name Beneficially Owned Beneficially Owned
- ---- ------------------ ------------------
<S> <C> <C>
Wheatley Partners, L.P. 263,809(1) 2.7%
Wheatley Foreign Partners, L.P. 263,809(2) 2.7%
Wheatley Partners, LLC 263,809(3) 2.7%
Wheatley Management Ltd. 17,163(4) 0.2%
Irwin Lieber 835,737(5,6) 8.4%
Barry Rubenstein 835,237(5) 8.4%
Barry Fingerhut 835,237(5) 8.4%
Seth Lieber 263,809(3) 2.7%
Jonathan Lieber 263,809(3) 2.7%
21st Century Communications Partners, L.P. 571,428(7) 5.8%
21st Century Communications T-E
Partners, L.P. 571,428(7) 5.8%
21st Century Communications Foreign
Partners, L.P. 571,428(7) 5.8%
Sandler Investment Partners, L.P. 571,428(7) 5.8%
Sandler Capital Management 571,428(7) 5.8%
Infomedia Associates, Ltd. 571,428(7) 5.8%
ARH Corp. 571,428(7) 5.8%
ALCR Corp. 571,428(7) 5.8%
MJDM Corp. 571,428(7) 5.8%
Four JK Corp. 571,428(7) 5.8%
Harvey Sandler 571,428(7) 5.8%
Andrew Sandler 571,428(7) 5.8%
Michael Marocco 571,428(7) 5.8%
John Kornreich 571,428(7) 5.8%
</TABLE>
- --------------------
1 Includes 238,095 shares of Common Stock and 25,714 shares issuable upon
the exercise of the Warrants. Wheatley disclaims beneficial ownership
of 15,106 shares of Common Stock and 2,057 shares issuable upon the
exercise of the Warrants owned by Wheatley Foreign.
2 Includes 238,095 shares of Common Stock and 25,714 shares issuable upon
the exercise of the Warrants. Wheatley Foreign disclaims beneficial
ownership of 222,989 shares of Common Stock and 23,657 shares issuable
upon the exercise of the Warrants owned by Wheatley.
- 31 of 44 -
<PAGE>
3 Includes 222,989 shares of Common Stock and 23,657 shares issuable upon
the exercise of the Warrants owned by Wheatley and 15,106 shares of
Common Stock and 2,057 shares issuable upon the exercise of the
Warrants owned by Wheatley Foreign. Each of Wheatley LLC, Seth Lieber
and Jonathan Lieber disclaims beneficial ownership of these securities
except to the extent of his/its respective equity interest therein.
4 Includes 15,106 shares of Common Stock and 2,057 shares issuable upon
the exercise of the Warrants held by Wheatley Foreign. Wheatley
Management disclaims beneficial ownership of these securities except to
the extent of its equity interest therein.
5 Includes 238,095 shares of Common Stock and 23,657 shares issuable upon
the exercise of the Warrants held by Wheatley, 15,106 shares of Common
Stock and 2,057 shares issuable upon the exercise of the Warrants held
by Wheatley Foreign, 387,443 shares of Common Stock held by 21st
Century, 131,853 shares of Common Stock held by T-E and 52,132 shares
of Common Stock held by Foreign. Each of Irwin Lieber, Barry
Rubenstein, and Barry Fingerhut disclaims beneficial ownership of these
securities, except to the extent of his respective equity interest
therein.
6 Includes 500 shares of Common Stock issuable upon the exercise of a
Non-Qualified Stock Option granted to Irwin Lieber.
7 Includes 387,443 shares of Common Stock held by 21st Century, 131,853
shares of Common Stock held by T-E and 52,132 shares of Common Stock
held by Foreign. Each of 21st Century, T-E, Foreign, SIP, SCM, ARH
Corp., ALCR Corp., MJDM Corp., Four JK Corp., Infomedia, Harvey
Sandler, Andrew Sandler, Michael Marocco and John Kornreich disclaims
beneficial ownership of these securities except to the extent of
his/its respective equity interest therein.
(b) Wheatley has sole power to vote and dispose of 246,646
shares of Common Stock (including 23,657 shares issuable upon the exercise of
the Warrants), representing approximately 2.5% of the outstanding shares of
Common Stock and may be deemed to have shared power to vote and dispose of
17,163 shares of Common Stock (including 2,057 shares issuable upon the exercise
of the Warrants), representing approximately 0.2% of the outstanding shares of
Common Stock.
Wheatley Foreign has sole power to vote and dispose of 17,163
shares of Common Stock (including 2,057 shares issuable upon the exercise of the
Warrants), representing approximately 0.2% of the outstanding shares of Common
Stock and may be deemed to have shared power to vote and dispose of 246,646
shares of Common Stock (including 23,657 shares issuable upon the exercise of
the Warrants), representing approximately 2.5% of the outstanding shares of
Common Stock.
By virtue of being a general partner of Wheatley and a general
partner of Wheatley Foreign, Wheatley LLC may be deemed to have shared power to
vote and dispose of 263,809 shares
- 32 of 44 -
<PAGE>
of Common Stock (including 25,714 shares issuable upon the exercise of the
Warrants), representing approximately 2.7% of the outstanding shares of Common
Stock.
By virtue of being the general partner of Wheatley Foreign,
Wheatley Management may be deemed to have shared power to vote and dispose of
17,163 shares of Common Stock (including 2,057 shares issuable upon the exercise
of the Warrants), representing approximately 0.2% of the outstanding shares of
Common Stock.
By virtue of being a member and an officer of Wheatley LLC,
and a shareholder, officer and director of Infomedia, Barry Rubenstein may be
deemed to have shared power to vote and dispose of 835,237 shares of Common
Stock (including 25,714 shares issuable upon the exercise of the Warrants),
representing approximately 8.4% of the outstanding shares of Common Stock.
Irwin Lieber has sole power to vote and dispose of 500 shares
of Common Stock (consisting of 500 shares issuable upon the exercise of the
Non-Qualified Stock Option), representing approximately 0.1% of the outstanding
shares of Common Stock. By virtue of being a member and an officer of Wheatley
LLC, and a shareholder, officer and director of Infomedia, Irwin Lieber may be
deemed to have shared power to vote and dispose of 835,237 shares of Common
Stock (including 25,714 shares issuable upon the exercise of the Warrants),
representing approximately 8.4% of the outstanding shares of Common Stock.
By virtue of being a member and an officer of Wheatley LLC,
and a shareholder, officer and director of Infomedia, Barry Fingerhut may be
deemed to have shared power to vote and dispose of 835,237 shares of Common
Stock (including 25,714 shares issuable upon the exercise of the Warrants),
representing approximately 8.4% of the outstanding shares of Common Stock.
By virtue of being a member and an officer of Wheatley LLC,
Seth Lieber may be deemed to have shared power to vote and dispose of 263,809
shares of Common Stock (including 25,714 shares issuable upon the exercise of
the Warrants), representing approximately 2.7% of the outstanding shares of
Common Stock.
By virtue of being a member and an officer of Wheatley LLC,
Jonathan Lieber may be deemed to have shared power to vote and dispose of
263,809 shares of Common Stock (including 25,714 shares issuable upon the
exercise of the Warrants), representing approximately 2.7% of the outstanding
shares of Common Stock.
21st Century has sole power to vote and dispose of 387,443
shares of Common Stock, representing approximately 3.9% of the outstanding
shares of Common Stock and may be deemed to have shared power to vote and
dispose of 183,985 shares of Common Stock, representing approximately 1.9% of
the outstanding shares of Common Stock.
T-E has sole power to vote and dispose of 131,853 shares of
Common Stock, representing approximately 1.3% of the outstanding shares of
Common Stock and may be deemed to have shared power to vote and dispose of
439,575 shares of Common Stock, representing approximately 4.5% of the
outstanding shares of Common Stock.
- 33 of 44 -
<PAGE>
Foreign has sole power to vote and dispose of 52,132 shares of
Common Stock, representing approximately 0.5% of the outstanding shares of
Common Stock and may be deemed to have shared power to vote and dispose of
519,296 shares of Common Stock, representing approximately 5.3% of the
outstanding shares of Common Stock.
By virtue of being a general partner of 21st Century, T-E and
Foreign, Infomedia may be deemed to have shared power to vote and dispose of
571,428 shares of Common Stock, representing approximately 5.8% of the
outstanding shares of Common Stock.
By virtue of being a general partner of 21st Century, T-E and
Foreign, Sandler Investment Partners may be deemed to have shared power to vote
and dispose of 571,428 shares of Common Stock, representing approximately 5.8%
of the outstanding shares of Common Stock.
By virtue of being a general partner of Sandler Investment
Partners, Sandler Capital Management may be deemed to have shared power to vote
and dispose of 571,428 shares of Common Stock, representing approximately 5.8%
of the outstanding shares of Common Stock.
By virtue of being the sole shareholder of ARH Corp., Harvey
Sandler may be deemed to have shared power to vote and dispose of 571,428 shares
of Common Stock, representing approximately 5.8% of the outstanding shares of
Common Stock.
By virtue of being the sole shareholder of ALCR Corp., Andrew
Sandler may be deemed to have shared power to vote and dispose of 571,428 shares
of Common Stock, representing approximately 5.8% of the outstanding shares of
Common Stock.
By virtue of being the sole shareholder of MJDM Corp., Michael
Marocco may be deemed to have shared power to vote and dispose of 571,428 shares
of Common Stock, representing approximately 5.8% of the outstanding shares of
Common Stock.
By virtue of being the majority shareholder of Four JK Corp.,
John Kornreich may be deemed to have shared power to vote and dispose of 571,428
shares of Common Stock, representing approximately 5.8% of the outstanding
shares of Common Stock.
By virtue of being a general partner of Sandler Capital
Management, ARH Corp. may be deemed to have shared power to vote and dispose of
571,428 shares of Common Stock, representing approximately 5.8% of the
outstanding shares of Common Stock.
By virtue of being a general partner of Sandler Capital
Management, ALCR Corp. may be deemed to have shared power to vote and dispose of
571,428 shares of Common Stock, representing approximately 5.8% of the
outstanding shares of Common Stock.
By virtue of being a general partner of Sandler Capital
Management, MJDM Corp. may be deemed to have shared power to vote and dispose of
571,428 shares of Common Stock, representing approximately 5.8% of the
outstanding shares of Common Stock.
- 34 of 44 -
<PAGE>
By virtue of being a general partner of Sandler Capital
Management, Four JK Corp. may be deemed to have shared power to vote and dispose
of 571,428 shares of Common stock, representing approximately 5.8% of the
outstanding shares of Common Stock.
(c) The following is a description of all transactions in
shares of Common Stock of the Issuer by the reporting persons identified in Item
2 of this Schedule 13D effected from May 29, 1998 through July 29, 1998
inclusive:
Prior to the Issuer's initial public offering (the "IPO"), the
following Series B and Series C Preferred Stock were held by each of the
following reporting persons:
<TABLE>
<CAPTION>
STOCK
-------------------------------------------------------
Series B Preferred Series C Preferred
------------------------- ------------------------
<S> <C> <C>
Wheatley Partners, L.P. 537,536 111,923
Wheatley Foreign, L.P. 33,892 9,732
21st Century Communications Partners, L.P. 1,162,329
21st Century Communications T-E Partners, L.P. 395,560
21st Century Communications Foreign
Partners, L.P. 156,397
</TABLE>
Effective upon the closing of the Issuer's IPO, the
outstanding shares of the Issuer's Series A, Series B, Series C and Series D
Preferred Stock automatically converted into an aggregate of 4,686,784 shares of
Common Stock.
The shares of Common Stock reported herein reflect a
one-for-three reverse stock split of the Common Stock effected prior to the IPO
closing.
(d) No person other than the reporting persons is known to
have the right to receive, or the power to direct the receipt of dividends from,
or proceeds from the sale of, such shares of Common Stock.
(e) Not applicable.
Item 6. Contracts, Agreements, Understandings or
Relationships with Respect to Securities of the Issuer.
The reporting persons have agreed that, subject to certain
limited exceptions, for a period ending 180 days after the consummation of the
IPO, they will not, directly or indirectly, offer, pledge, sell, offer to sell,
contract to sell, grant any option to purchase or otherwise sell, dispose of,
make any short sale of, loan or grant any rights with respect to any shares of
Common Stock, any options or warrants to purchase any shares of Common Stock or
any securities convertible into, or exercisable or exchangeable for, shares of
Common Stock, without the prior written consent of the underwriter.
- 35 of 44 -
<PAGE>
Except for the circumstances described herein, there are no
contracts, arrangements, understandings or relationships among the reporting
persons, or between the reporting persons and any other person, with respect to
the securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
Exhibit A - Agreement effective as of July 29, 1998, among the
reporting persons by which they have agreed to file this Schedule 13D and all
necessary amendments, as required by Rule 13(d)-1(f).
- 36 of 44 -
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
Schedule is true, complete and correct.
Dated: August 10, 1998 WHEATLEY PARTNERS, L.P.
By: Wheatley Partners, LLC,
General Partner
By: Barry Rubenstein
---------------------------------------
Barry Rubenstein, Chief Executive
Officer
WHEATLEY FOREIGN PARTNERS, L.P.
By: Wheatley Partners, LLC, General Partner
By: Barry Rubenstein
---------------------------------------
Barry Rubenstein, Chief Executive
Officer
WHEATLEY PARTNERS, LLC
By: Barry Rubenstein
---------------------------------------
Barry Rubenstein, Chief Executive
Officer
WHEATLEY MANAGEMENT LTD.
By: Irwin Lieber
---------------------------------------
Irwin Lieber, President
Irwin Lieber
---------------------------------------
Irwin Lieber
Barry Rubenstein
---------------------------------------
Barry Rubenstein
Barry Fingerhut
---------------------------------------
Barry Fingerhut
Seth Lieber
---------------------------------------
Seth Lieber
Jonathan Lieber
---------------------------------------
Jonathan Lieber
- 37 of 44 -
<PAGE>
INFOMEDIA ASSOCIATES, LTD.
By: Barry Rubenstein
---------------------------------------
Barry Rubenstein, President
21ST CENTURY COMMUNICATIONS
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management, General
Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS T-E
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management, General
Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS
FOREIGN PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management, General
Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
- 38 of 44 -
<PAGE>
SANDLER INVESTMENT PARTNERS, L.P.
By: Sandler Capital Management, General
Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
SANDLER CAPITAL MANAGEMENT
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ARH CORP.
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ALCR CORP.
By: Moira Mitchell
---------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
MJDM CORP.
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: President and Treasurer
FOUR JK CORP.
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: President
- 39 of 44 -
<PAGE>
Harvey Sandler
---------------------------------------
Harvey Sandler
Andrew Sandler
---------------------------------------
Andrew Sandler
Michael Marocco
---------------------------------------
Michael Marocco
John Kornreich
---------------------------------------
John Kornreich
- 40 of 44 -
<PAGE>
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) 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 $.001 per share, of Giga Information
Group, Inc., and that this Agreement be included as an Exhibit to such joint
filing.
Dated: August 10, 1998 WHEATLEY PARTNERS, L.P.
By: Wheatley Partners, LLC,
General Partner
By: Barry Rubenstein
---------------------------------------
Barry Rubenstein, Chief Executive
Officer
WHEATLEY FOREIGN PARTNERS, L.P.
By: Wheatley Partners, LLC, General Partner
By: Barry Rubenstein
---------------------------------------
Barry Rubenstein, Chief Executive
Officer
WHEATLEY PARTNERS, LLC
By: Barry Rubenstein
---------------------------------------
Barry Rubenstein, Chief Executive
Officer
WHEATLEY MANAGEMENT LTD.
By: Irwin Lieber
---------------------------------------
Irwin Lieber, President
Irwin Lieber
---------------------------------------
Irwin Lieber
Barry Rubenstein
---------------------------------------
Barry Rubenstein
Barry Fingerhut
---------------------------------------
Barry Fingerhut
Seth Lieber
---------------------------------------
Seth Lieber
Jonathan Lieber
---------------------------------------
Jonathan Lieber
- 41 of 44 -
<PAGE>
INFOMEDIA ASSOCIATES, LTD.
By: Barry Rubenstein
---------------------------------------
Barry Rubenstein, President
21ST CENTURY COMMUNICATIONS
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management, General
Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS T-E
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management, General
Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS
FOREIGN PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management, General
Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
- 42 of 44 -
<PAGE>
SANDLER INVESTMENT PARTNERS, L.P.
By: Sandler Capital Management, General
Partner
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
SANDLER CAPITAL MANAGEMENT
By: ARH Corp., General Partner
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ARH CORP.
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
ALCR CORP.
By: Moira Mitchell
---------------------------------------
Name: Moira Mitchell
Title: Secretary and Treasurer
MJDM CORP.
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: President and Treasurer
FOUR JK CORP.
By: Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: President
- 43 of 44 -
<PAGE>
Harvey Sandler
---------------------------------------
Harvey Sandler
Andrew Sandler
---------------------------------------
Andrew Sandler
Michael Marocco
---------------------------------------
Michael Marocco
John Kornreich
---------------------------------------
John Kornreich
- 44 of 44 -
