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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1 (b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2 (b)
(Amendment No. 2 ) /1/
NETWORK EVENT THEATER, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
640924-10-6
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(CUSIP Number)
DECEMBER 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13-d (b)
[_] Rule 13d- (c)
[X] Rule 13d-I (d)
________________
/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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP NO. 640924-10-6 13G PAGE 2 OF 5 PAGES
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NAME OF REPORTING PERSONS
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
A. Alfred Taubman
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY -0-
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EACH SOLE DISPOSITIVE POWER
7
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
-0-
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
-0-
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 640924-10-6 PAGE 3 OF 5 PAGES
13 G
ITEM 1(A) NAME OF ISSUER:
Network Event Theater, Inc. (the "Issuer").
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
529 Fifth Avenue
New York, New York 10017
ITEM 2(A) NAME OF PERSON FILING:
A. Alfred Taubman
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
200 East Long Lake Road
Bloomfield Hills, Michigan 48304
ITEM 2(C) CITIZENSHIP:
Mr. Taubman is a citizen of the United States of America.
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Common Stock, per value $.01 per share ("Common Stock")
ITEM 2(E) CUSIP NUMBER: 640924-10-6
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B)
CHECK WHETHER THE PERSON FILING IS A:
Inapplicable
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CUSIP NO. 640924-10-6 PAGE 4 OF 5 PAGES
ITEM 4. OWNERSHIP:
(a) Amount beneficially owned by Mr. Taubman (not individually but as
trustee of his grantor trust, The A. Alfred Taubman Restated Revocable
Trust (the "Trust"): -0-
The Trust no longer beneficially owns any shares of the Common Stock
as a result of the Trust's selling 764,111 shares of the Common Stock
in open market transactions between November 2, 1998 and January 9,
1999.
(b) Percent of Class: -0-
(c) Number of shares as to which Mr. Taubman (not individually but as
trustee of the Trust) has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of: -0-
(iv) shared power to dispose or to direct the disposition of: -0-
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON OR BY THE PARENT HOLDING COMPANY:
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
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CUSIP NO. 640924-10-6 PAGE 5 OF 5 PAGES
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10. CERTIFICATIONS:
Not Applicable
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: February 10, 1999 /s/ A. Alfred Taubman
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A. Alfred Taubman
