SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)(1)
YES! ENTERTAINMENT CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
985834100
- --------------------------------------------------------------------------------
(CUSIP Number)
Copy to:
21st Century Communications Partners, L.P. Michael R. Reiner, Esq.
767 Fifth Avenue, 45th Floor Morrison Cohen Singer
New York, New York 10153 & Weinstein, LLP
Telephone (212) 754-8100 750 Lexington Avenue
New York, New York 10022
Telephone (212) 735-8600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 29, 2000
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of 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-1(g), check the following box
|_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following page(s))
-1 of 26-
- ----------
(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).
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
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 (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-2 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
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 (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-3 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
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 (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-4 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Sandler Mezzanine Partnership, L.P.
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-5 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Sandler Mezzanine T-E Partnership, L.P.
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-6 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Sandler Mezzanine Foreign Partnership, L.P.
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-7 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
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 (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
PF, 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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-8 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Barry Lewis
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
PF, 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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-9 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
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 (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
PF, 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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-10 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
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 (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
PF, 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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-11 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
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 (a) [_]
of a Group* (b) [_]
________________________________________________________________________________
3 SEC Use Only
________________________________________________________________________________
4 Source of Funds*
PF, 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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-12 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Douglas Schimmel
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-13 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Hannah Stone
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-14 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
David Lee
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-15 of 26-
<PAGE>
CUSIP
No. 985834100 13D
- --------------------------------------------------------------------------------
1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Edward Grinacoff
________________________________________________________________________________
2 Check the Appropriate Box If a Member (a) [_]
of a Group* (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 Shares 0 shares 0%
Beneficially _________________________________________________________________
Owned 8 Shared Voting Power
By Each
Reporting 0 shares 0%
Person With _________________________________________________________________
9 Sole Dispositive Power
0 shares 0%
_________________________________________________________________
10 Shared Dispositive Power
0 shares 0%
________________________________________________________________________________
11 Aggregate Amount Beneficially
Owned By Each Reporting Person
0 shares
________________________________________________________________________________
12 Check Box if the Aggregate Amount [_]
in Row (11) excludes Certain
Shares*
________________________________________________________________________________
13 Percent of Class Represented by
Amount in Row (11)
0%
________________________________________________________________________________
14 Type of Reporting Person*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-16 of 26-
<PAGE>
This statement, dated February 29, 2000, constitutes Amendment No. 1 to the
Schedule 13D, dated June 8, 1995, regarding the reporting persons' ownership of
certain securities of Yes! Entertainment Corporation (the "Issuer").
This Schedule 13D is hereinafter referred to as the "Schedule". All
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed in the Schedule.
This Amendment No. 1 to the Schedule is filed in accordance with Rule 13d-2
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the
reporting persons. It shall refer only to the information which has materially
changed since the filing of the Schedule.
ITEM 2. IDENTITY AND BACKGROUND
8. (a) Barry Lewis, director and majority shareholder of EMEBE Corp.
("EMEBE") and a director, officer and majority shareholder of
EMEBE Media Corp. ("EMEBE Media")
(b) Address: 177 South Mountain Road
New City, New York 10956
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
EMEBE Corp. was a general partner of SCM through June 30, 1997, which is
the general partner of SIP, a general partner of 21st Century, T-E and Foreign.
EMEBE Media Corp. was a general partner of SMGP through June 30, 1997, the
general partner of Mezzanine, Mezzanine T-E and Mezzanine Foreign.
11. (a) Andrew Sandler, is the sole shareholder of ALCR Corp. (formerly
ALSI, LLC) and a director of ARPH.
(b) Address: 767 Fifth Avenue
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. ARPH is a general
partner of SMGP, the general partner of Mezzanine, Mezzanine T-E and Mezzanine
Foreign.
-17 of 26-
<PAGE>
12. (a) Douglas Schimmel, is the sole shareholder of SERF Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
SERF Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
13. (a) Hannah Stone, is the sole shareholder of TERPSI Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
TERPSI Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
14. (a) David Lee, is the sole shareholder of JIRAKAL Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
JIRAKAL Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
15. (a) Edward Grinacoff, is the sole shareholder of MEDG Corp.
(b) Address: 767 Fifth Avenue
New York, New York 10153
(c) Principal Occupation: Investments.
(d) No.
(e) No.
(f) Citizenship: United States.
MEDG Corp. is a general partner of SCM, which is the general partner of
SIP, a general partner of 21st Century, T-E and Foreign.
-18 of 26-
<PAGE>
ITEM 5. Interests in Securities of the Issuer.
(a) The following list sets forth the aggregate number and percentage
(based on 16,671,259 shares of Common Stock outstanding as reported in the
Issuer's Form 10-Q for the quarter ended June 30, 1998) of outstanding shares of
Common Stock owned beneficially by each reporting person named in Item 2, as of
February 29, 2000:
<TABLE>
<CAPTION>
Shares of Common Percentage of Shares
Stock Beneficially of Common Stock
Name Owned Beneficially Owned
- ---- ----- ------------------
<S> <C> <C>
21st Century Communications Partners, L.P. 0 0%
21st Century Communications T-E Partners, L.P. 0 0%
21st Century Communications Foreign Partners, L.P. 0 0%
Sandler Mezzanine Partnership, L.P. 0 0%
Sandler Mezzanine T-E Partnership, L.P. 0 0%
Sandler Mezzanine Foreign Partnership, L.P. 0 0%
Harvey Sandler 0 0%
Barry Lewis 0 0%
Michael J. Marocco 0 0%
John Kornreich 0 0%
Andrew Sandler 0 0%
Douglas Schimmel 0 0%
Hannah Stone 0 0%
David Lee 0 0%
Edward Grinacoff 0 0%
</TABLE>
(b) Nothing to report.
(c) The following is a description of all transactions in the securities of
the Issuer by the persons identified in Item 2 of this Schedule 13D effected
from December 29, 1999 through February 29, 2000, inclusive:
<TABLE>
<CAPTION>
Number of Shares
Name of Shareholder Purchase or Sale Date Purchased or (Sold) Purchase or Sales Price
- ------------------- --------------------- ------------------- -----------------------
<S> <C> <C> <C>
21st Century 2/29/00 (350,314) $0.0655
Communications
Partners, L.P.
21st Century 2/29/00 (119,191) $0.0655
Communications T-E
Partners, L.P.
21st Century 2/29/00 (47,161) $0.0655
Communications Foreign
Partners, L.P.
Sandler Mezzanine 2/29/00 (330,857) $0.0655
Partnership, L.P.
</TABLE>
-19 of 26-
<PAGE>
<TABLE>
<CAPTION>
Number of Shares
Name of Shareholder Purchase or Sale Date Purchased or (Sold) Purchase or Sales Price
- ------------------- --------------------- ------------------- -----------------------
<S> <C> <C> <C>
Sandler Mezzanine T-E 2/29/00 (148,885) $0.0655
Partnership, L.P.
Sandler Mezzanine 2/29/00 (71,685) $0.0655
Foreign Partnership, L.P.
</TABLE>
All sales of shares of Common Stock were effected in open market
transactions in the over-the-counter market.
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of such securities.
(e) Effective as of February 29, 2000, the reporting persons ceased to be
the beneficial owners of more than five percent (5%) of the Common Stock of the
Issuer.
ITEM 7. Materials to be Filed as Exhibits
Exhibit A. Agreement, effective as of February 29, 2000, among the
reporting persons by which they have agreed to file this Schedule 13D and all
necessary amendments, as required by Rule 13d-1.
-20 of 26-
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his/her/its knowledge and
belief, each of the undersigned hereby certifies that the information set forth
in this Schedule is true, complete and correct.
Dated: March 24, 2000
21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
-------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
-21 of 26-
<PAGE>
SANDLER MEZZANINE PARTNERSHIP, L.P.
By: Sandler Mezzanine General Partnership,
General Partner
By: ARPH Media Corp.,
General Partner
By: /s/ Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: President
SANDLER MEZZANINE T-E PARTNERSHIP, L.P.
By: Sandler Mezzanine General Partnership,
General Partner
By: ARPH Media Corp.,
General Partner
By: /s/ Edward Grinacoff
---------------------------------------
Name: Edward Grinacoff
Title: President
SANDLER MEZZANINE FOREIGN PARTNERSHIP, L.P.
By: Sandler Mezzanine General Partnership,
General Partner
By: ARPH Media Corp.,
General Partner
By: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: President
/s/ Harvey Sandler
--------------------------------------
Harvey Sandler
/s/ John Kornreich
--------------------------
John Kornreich
/s/ Michael Marocco
--------------------------
Michael Marocco
-22 of 26-
<PAGE>
/s/ Andrew Sandler
--------------------------
Andrew Sandler
/s/ Douglas Schimmel
--------------------------
Douglas Schimmel
/s/ Hannah Stone
--------------------------
Hannah Stone
/s/ David Lee
--------------------------
David Lee
/s/ Edward Grinacoff
--------------------------
Edward Grinacoff
/s/ Barry Lewis
--------------------------
Barry Lewis
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
-23 of 26-
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1 under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree to the joint filing on behalf of each of
them of a statement on Schedule 13D (including amendments thereto) with respect
to the Common Stock, par value $.01 per share, of YES! ENTERTAINMENT CORPORATION
and that this Agreement be filed as an Exhibit to such statement on Schedule
13D.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective
as of the 29th day of February, 2000.
21ST CENTURY COMMUNICATIONS PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
-24 of 26-
<PAGE>
21ST CENTURY COMMUNICATIONS FOREIGN
PARTNERS, L.P.
By: Sandler Investment Partners, L.P.,
General Partner
By: Sandler Capital Management,
General Partner
By: ARH Corp., a
General Partner
By: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: Secretary and Treasurer
SANDLER MEZZANINE PARTNERSHIP, L.P.
By: Sandler Mezzanine General Partnership,
General Partner
By: ARPH Media Corp.,
General Partner
By: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: President
SANDLER MEZZANINE T-E PARTNERSHIP, L.P.
By: Sandler Mezzanine General Partnership,
General Partner
By: ARPH Media Corp.,
General Partner
By: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: President
SANDLER MEZZANINE FOREIGN PARTNERSHIP, L.P.
By: Sandler Mezzanine General Partnership,
General Partner
By: ARPH Media Corp.,
General Partner
By: /s/ Edward Grinacoff
--------------------------------------
Name: Edward Grinacoff
Title: President
-25 of 26-
<PAGE>
/s/ Harvey Sandler
--------------------------
Harvey Sandler
/s/ John Kornreich
--------------------------
John Kornreich
/s/ Michael Marocco
--------------------------
Michael Marocco
/s/ Andrew Sandler
--------------------------
Andrew Sandler
/s/ Douglas Schimmel
--------------------------
Douglas Schimmel
/s/ Hannah Stone
--------------------------
Hannah Stone
/s/ David Lee
--------------------------
David Lee
/s/ Edward Grinacoff
--------------------------
Edward Grinacoff
/s/ Barry Lewis
--------------------------
Barry Lewis
-26 of 26-
