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Securities and Exchange Commission
Washington, D.C. 20549
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SCHEDULE 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)
SFX Entertainment, Inc.
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(Name of Issuer)
Class A Common Stock, par value $.01 per share
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(Title of Class of Securities)
784 178 105
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(CUSIP Number)
Robert F.X. Sillerman
650 Madison Avenue, 16th Floor
New York, New York 10022
(212) 838-3100*
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 25, 1998
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(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 which 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. [ ]
* with copies to:
Amar Budarapu
Baker & McKenzie
Suite 1200
1200 Smith Street
Houston, TX 77002
Telephone: (713) 427-5000
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CUSIP No.: 784 178 105 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(ENTITIES ONLY)
Robert F.X. Sillerman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER (a)[X]
OF A GROUP (b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS PF,00
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5 CHECK BOX IF DISCLOSURE OF LEGAL [ ]
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 7 SOLE VOTING POWER 4,128,840(*)
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 0
OWNED -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER 3,682,569(*)
REPORTING -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED 4,128,840(*)
BY EACH REPORTING PERSON
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW [ ]
(11) EXCLUDES CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY 13.6%
AMOUNT IN ROW (11)
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14 TYPE OF REPORTING PERSON IN
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* Assumes the conversion by Mr. Sillerman of the 1,524,168 shares of Class B
Common Stock, par value $.01 per share, of SFX Entertainment, Inc.
beneficially owned by him into shares of Class A Common Stock, par value
$.01 per share, of SFX Entertainment, Inc.
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CUSIP No.: 784 178 105 13D Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(ENTITIES ONLY)
Howard J. Tytel
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a)[X]
GROUP (b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS PF, 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL [ ]
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 7 SOLE VOTING POWER 0
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 0
OWNED ----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER 446,271
REPORTING ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 446,271
EACH REPORTING PERSON
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 1.5%
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14 TYPE OF REPORTING PERSON IN
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CUSIP No.: 784 178 105 13D Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(ENTITIES ONLY)
Sillerman Communications Management Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a)[X]
GROUP (b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL [ ]
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF 7 SOLE VOTING POWER 39,343
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 0
OWNED -------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER 39,343
REPORTING -------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 39,343
EACH REPORTING PERSON
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) (*)
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14 TYPE OF REPORTING PERSON CO
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* Less than 1%.
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CUSIP No.: 784 178 105 13D Page 5 of 7 Pages
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ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 to the Statement on Schedule 13D, originally
filed on July 15, 1998 (the "Original Statement"), relates to the Class A
Common Stock, par value $.01 per share (the "Common Stock"), of SFX
Entertainment, Inc., a Delaware corporation (the "Company") . This Amendment
No. 1 amends and supplements the Original Statement and should be read in
conjunction therewith. Unless set forth below all previous items remain
unchanged.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of the Original Statement is hereby supplemented with the
following information:
Mr. Sillerman paid $6,637,703.50 from his personal funds to purchase
the 236,786 shares of Common Stock reported herein.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Original Statement is hereby supplemented with the
following information:
On September 25, 1998, Mr. Sillerman purchased an additional 236,786
shares of Common Stock in a private transaction at a price per share of
$28.0625. Mr. Sillerman purchased these securities for investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Items 5(a) and (b) of the Original Statement are hereby amended as
follows:
(a)-(b)
As of September 25, 1998, there were 28,753,194 shares of Class A
Common Stock and 1,697,037 shares of Class B Common Stock outstanding. Except
as otherwise set forth herein, Mr. Sillerman has the sole power to vote and
dispose of the shares of Common Stock reported hereby.
Robert F.X. Sillerman
Mr. Sillerman beneficially owns 4,128,840 shares of Class A Common Stock,
or 13.6%, of the outstanding shares of Class A Common Stock, after giving
effect to the assumed conversion of
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CUSIP No.: 784 178 105 13D Page 6 of 7 Pages
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the shares of Class B Common Stock beneficially owned by him, through his
beneficial ownership of: (i) 2,119,058 shares of Class A Common Stock and
1,524,168 shares of Class B Common Stock held of record by Mr. Sillerman, (ii)
446,271 shares of Class A Common Stock held of record by Mr. Tytel of which Mr.
Sillerman has sole voting power and (iii) 39,343 shares of Class A Common Stock
which are held of record by SCMC.
Howard J. Tytel
Mr. Tytel beneficially owns 446,271 shares of Class A Common Stock, or 1.5%
of the outstanding shares of Class A Common Stock all of which Mr. Tytel has
sole power to dispose and Mr. Sillerman has the sole power to vote. Mr. Tytel
also has an economic interest in SCMC, which beneficially owns 39,343 shares of
Class A Common Stock, although he does not have voting or dispositive power
with respect to such shares.
SCMC
SCMC beneficially owns 39,343 shares of Class A Common Stock, or less than
1% of the outstanding shares of Class A Common Stock. SCMC has sole voting and
dispositive power with respect to the shares.
Executive Officers and Directors of SCMC
The holdings of Messrs. Sillerman and Tytel are described above and are
incorporated herein by reference.
Thomas P. Benson beneficially owns 19,000 shares of Class A Common Stock,
or less than 1% of the outstanding shares of Class A Common Stock. Mr. Benson
has sole voting and dispositive power with respect to these shares.
Richard A. Liese beneficially owns 2,800 shares of Class A Common Stock, or
less than 1% of the outstanding shares of Class A Common Stock. Mr. Liese has
sole voting and dispositive power with respect to these shares.
Item 5(c) of the Original Statement is hereby supplemented with the
following information:
On September 25, 1998, Mr. Sillerman purchased 236,786 shares of Common
Stock in a private transaction at a price per share of $28.0625.
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CUSIP No.: 784 178 105 13D Page 7 of 7 Pages
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Date: October 13, 1998 /s/ Robert F.X. Sillerman
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Robert F.X. Sillerman
/s/ Howard J. Tytel
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Howard J. Tytel
Sillerman Communications Management
Corporation
By: /s/ Robert F.X. Sillerman
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Name: Robert F.X. Sillerman
Title: Chief Executive Officer
