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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Constellation 3D, Inc.
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(Name of issuer)
Common Stock, $.001 par value
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(Title of class of securities)
210379 10 3
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(CUSIP number)
December 31, 2000
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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:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Sands Brothers & Co., Ltd.
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2. Check the Appropriate Box if a Member of a Group
(a)
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(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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Number of 5 Sole Voting Power
Shares 3,450,000
Beneficially -------------------
Owned by 6 Shared Voting Power
Each 0
Reporting -------------------
Person 7 Sole Dispositive Power
With 3,450,000
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8 Shared Dispositive Power
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
3,450,000
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
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11. Percent of Class Represented by Amount in Row (9)
7.4%
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12. Type of Reporting Person
BD
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Sands Brothers Venture Capital LLC
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2. Check the Appropriate Box if a Member of a Group
(a)
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(b)
----------
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3. SEC Use Only
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4. Citizenship or Place of Organization
New York
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Number of 5 Sole Voting Power
Shares 226,629
Beneficially -------------------
Owned by 6 Shared Voting Power
Each 0
Reporting -------------------
Person 7 Sole Dispositive Power
With 226,629
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8 Shared Dispositive Power
0
--------------------
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
226,629
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
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11. Percent of Class Represented by Amount in Row (9)
0.5%
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12. Type of Reporting Person
OO
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ITEM 1(a). NAME OF ISSUER:
Constellation 3D, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
230 Park Avenue, Suite 453, New York, New York 10169
ITEM 2(a) AND (b). NAME OF PERSON FILING AND ADDRESS OF PRINCIPAL BUSINESS OR
OFFICE OR, IF NONE, RESIDENCE:
Sands Brothers & Co., Ltd.
90 Park Avenue, 39th Floor, New York, New York 10016
Sands Brothers Venture Capital LLC
90 Park Avenue, 39th Floor, New York, New York 10016
ITEM 2(c). CITIZENSHIP:
Each of the entities filing this statement is a
corporation or limited liability company organized under
the laws of a state of the United States.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
210379 10 3
ITEM 3. TYPE OF REPORTING PERSON:
Sands Brothers, in accordance with Section
240.13d-1(b)(ii)(A)
Sands Brothers Venture Capital LLC OO
ITEM 4. OWNERSHIP:
Sands Brothers & Co., Ltd. beneficially owns warrants to
purchase in the aggregate 3,450,000 shares of common
stock, representing 7.4% of the class. Sands Brothers &
Co., Ltd. has sole voting and dispositive power over
these shares. Sands Brothers Venture Capital LLC
disclaims beneficial ownership of these shares. Sands
Brothers & Co., Ltd. does not have shared voting or
dispositive power over of any shares.
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Sands Brothers Venture Capital LLC owns a debenture which
is convertible at the holder's option into 226,629 shares
of common stock, representing 0.5% of the class. Although
Sands Brothers Venture Capital LLC is an affiliate of
Sands Brothers & Co., Ltd., Sands Brothers & Co., Ltd.
disclaims beneficial ownership of these shares. Sands
Brothers Venture Capital LLC does not have shared voting
or dispositive power over of any shares.
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 [ ].
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 BY THE PARENT
HOLDING COMPANY:
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10. CERTIFICATION:
Not Applicable
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After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Date: January 5, 2001
SANDS BROTHERS & CO., LTD.
By: /s/ Steven B. Sands
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Name: Steven B. Sands
Title: Chief Executive Officer
SANDS BROTHERS VENTURE CAPITAL LLC
By: SB VENTURE CAPITAL MANAGEMENT
LLC, Member-Manager
By: /s/ Martin S. Sands
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Name: Martin S. Sands
Title: Manager
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